Genting Singapore (G13) AI Stock Analysis

• Market Cap: S$9.53B
• Dividend Yield: 5.52%
• Average Volume (3M): 47.58M
• Price to Earnings (P/E): 24.5
• Beta (1Y): 0.52
• Revenue Growth: -11.30%
• EPS Growth: -34.03%
• Country: SG
• Employees: 12,500
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.01
• Shares Outstanding: 12,094,026,000
• 10 Day Avg. Volume: 52,535,119
• 30 Day Avg. Volume: 47,580,264
• PEG Ratio: -0.69
• Price to Book (P/B): 1.07
• Price to Sales (P/S): 3.57
• P/FCF Ratio: 41.49
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: S$0.86
• Price Target Upside: 12.01% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 0.05
• Revenue Forecast (FY): S$2.69B

• Rating: 74 Outperform
• Price Target: S$0.81 ▲(5.45% Upside)
• Action: Reiterated Date: 02/26/26
• Date: Action: Reiterated 02/26/26

The score is primarily supported by very strong balance-sheet quality and solid operating cash generation, but is held back by the 2025 step-down in profitability and declining free cash flow. Technicals are mixed to weak in the near term (below key moving averages with overbought momentum signals), while valuation is balanced by a strong dividend yield but a relatively high P/E.

Positive Factors

Very strong balance sheet

Near-zero debt and a large equity base give Genting Singapore durable financial flexibility. This low solvency risk supports capital allocation for maintenance, strategic projects, and resilience through downturns, enabling sustained operations and negotiation power with partners and regulators.

Integrated resort model and diversified revenues

A mixed revenue mix—casino, hotels, attractions, F&B, retail and MICE—creates cross-selling and higher spend per visitor. This structural diversification reduces reliance on any single revenue line, improving resilience to shifts in customer mix and creating multiple channels for long-term demand capture.

Consistent operating cash flow generation

Sustained positive operating cash flow through the post-recovery years demonstrates core earnings quality and the business's ability to generate internal funds for working capital, upkeep and incremental investment—supporting long-term operational stability and capital allocation plans.

Negative Factors

2025 revenue and profitability deterioration

A step-down in 2025 profitability and revenue interrupts prior recovery momentum. If sustained, this compresses margins and returns, reduces retained earnings for reinvestment and could pressure dividend capacity, making medium-term earnings stability more uncertain.

Declining and volatile free cash flow

A downward trend and past volatility in free cash flow weaken the company's ability to consistently fund discretionary investments or payouts from operations alone. Even with a strong balance sheet, recurring FCF pressure increases reliance on capital decisions and may limit strategic flexibility.

Exposure to tourism and macro cycles

Earnings are structurally sensitive to tourism flows and discretionary spending. Economic slowdowns, travel disruptions or weaker inbound tourism materially reduce visitation and spend at an integrated resort, creating persistent downside risk to revenue and utilization metrics.

Genting Singapore Business Overview & Revenue Model

Company Description

Genting Singapore Limited engages in the development, management, and operation of integrated resort destinations in Asia. The company primarily owns Resorts World Sentosa, a destination resort, S.E.A. Aquarium, Adventure Cove Waterpark, Universal Studios Singapore Theme Park, hotels, MICE venues, restaurants, SPA, and specialty retail outlets. It also engages in the operation of casinos; and the provision of sales and marketing support services to leisure and hospitality related businesses, as well as investment activities. The company was incorporated in 1984 and is headquartered in Singapore. Genting Singapore Limited is a subsidiary of Genting Overseas Holdings Limited.

How the Company Makes Money

Genting Singapore generates revenue primarily through its gaming operations, which encompass casino gaming activities including table games and slot machines. In addition to gaming, the company earns significant income from its non-gaming segments, which include hotel accommodations, food and beverage services, and entertainment attractions such as Universal Studios Singapore. The integrated resort model allows Genting Singapore to attract a diverse range of customers, enhancing its revenue potential. The company also benefits from strategic partnerships, including collaborations with international brands and entertainment providers, which help to enhance its offerings and draw more visitors. Furthermore, government regulations and tourism policies in Singapore play a crucial role in shaping its revenue streams, as the company adapts to changing market conditions and consumer preferences.

Genting Singapore Financial Statement Overview

Summary

Strong financial foundation led by an exceptionally conservative, near debt-free balance sheet (high flexibility/low solvency risk) and generally solid operating cash generation. Offsetting this, 2025 shows a deterioration versus 2024 (lower revenue and profitability) and free cash flow has trended down after 2023, indicating cooling momentum and weaker cash conversion recently.

Income Statement

Revenue rebounded strongly from 2022–2024 (including a sharp step-up in 2022–2023), and profitability remained healthy with solid margins in 2023–2024. However, 2025 annual results show deterioration versus 2024 (lower revenue, EBIT/EBITDA, and net income), and the most recent revenue growth is modest, suggesting the post-recovery momentum has cooled.

Balance Sheet

The balance sheet is exceptionally conservative: debt is effectively negligible in recent years, and equity is very large relative to assets, implying strong financial flexibility and low solvency risk. Returns on equity improved meaningfully from 2020–2021 into 2023–2024, though the 2025 profitability step-down (from the income statement) is a watch item for sustaining those returns.

Cash Flow

Operating cash flow has been consistently positive and strong from 2022–2024, supporting the business’s earnings quality. Free cash flow is positive in 2022–2024 but declined in 2024 and again in 2025, and the company experienced a large negative free cash flow year in 2021—highlighting some volatility and reinvestment/working-capital sensitivity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.39B	2.45B	2.53B	2.42B	1.73B	1.07B
Gross Profit	758.76M	912.59M	836.10M	882.76M	601.85M	326.86M
EBITDA	787.21M	812.58M	1.09B	1.14B	790.95M	499.40M
Net Income	456.67M	390.35M	578.87M	611.58M	340.10M	183.34M
Balance Sheet
Total Assets	9.20B	9.19B	9.23B	9.15B	8.80B	8.79B
Cash, Cash Equivalents and Short-Term Investments	3.32B	3.20B	3.59B	3.67B	3.47B	3.34B
Total Debt	3.57M	2.94M	3.43M	2.92M	5.54M	247.66M
Total Liabilities	914.13M	980.38M	932.99M	954.62M	801.45M	896.79M
Stockholders Equity	8.29B	8.21B	8.30B	8.19B	8.00B	7.90B
Cash Flow
Free Cash Flow	237.21M	211.11M	430.03M	627.13M	619.65M	-567.05M
Operating Cash Flow	789.69M	789.83M	859.69M	958.52M	806.68M	377.72M
Investing Cash Flow	-641.12M	-676.38M	-401.09M	-389.42M	-186.77M	-921.00M
Financing Cash Flow	-485.29M	-485.46M	-485.16M	-425.76M	-447.22M	-127.77M

Genting Singapore Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.77
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:G13, the sentiment is Positive. The current price of 0.77 is above the 20-day moving average (MA) of 0.76, above the 50-day MA of 0.74, and above the 200-day MA of 0.73, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 71.09 is Negative, neither overbought nor oversold. The STOCH value of 80.22 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:G13.

Genting Singapore Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
B58	75 Outperform	S$580.69M	12.93	6.35%	2.13%	11.83%	21.60%
G13	74 Outperform	S$9.53B	24.46	5.45%	5.52%	-11.30%	-34.03%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
H18	48 Neutral	S$524.99M	-28.78	-1.41%	2.14%	-2.09%	-302.48%

Genting Singapore Corporate Events

Genting Singapore Adds Two Independent Directors to Strengthen Board Oversight

Genting Singapore has strengthened its board with the appointment of Helen Chen and Chong Kin Leong as independent non-executive directors, effective 1 March 2026. These additions expand the pool of independent oversight and are likely aimed at enhancing governance and strategic guidance as the company navigates a competitive regional gaming and hospitality landscape.

Following the changes, the board will continue to be led by Executive Chairman and Acting CEO Tan Sri Lim Kok Thay, alongside Lead Independent Director Tan Wah Yeow and a majority of independent non-executive directors. The refreshed board composition underscores an emphasis on balanced leadership and independent scrutiny, which may reassure investors and regulators about the company’s governance standards.

The most recent analyst rating on (SG:G13) stock is a Buy with a S$0.90 price target. To see the full list of analyst forecasts on Genting Singapore stock, see the SG:G13 Stock Forecast page.