How to buy Skycity Entertainment shares | A$2.73

SkyCity Entertainment Group Limited is a resorts & casinos business based in Australia. Skycity Entertainment shares (SKC) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $2.73 – an increase of 2.25% over the previous week. and has a market cap (total outstanding shares value) of $2 billion.

How to buy shares in Skycity Entertainment

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Skycity Entertainment. Find the share by name or ticker symbol: SKC. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Skycity Entertainment reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $2.73, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Skycity Entertainment. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Skycity Entertainment's share price?

Since the stock market crash in March caused by coronavirus, Skycity Entertainment's share price has had significant negative movement.

Its last market close was $2.73, which is 24.17% down on its pre-crash value of $3.6 and 149.32% up on the lowest point reached during the March crash when the shares fell as low as $1.095.

If you had bought $1,000 worth of Skycity Entertainment shares at the start of February 2020, those shares would have been worth $356.53 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $791.32.

Skycity Entertainment share price

Use our graph to track the performance of SKC stocks over time.

Skycity Entertainment shares at a glance

• Key figures

Information last updated 2020-09-20.

Latest market close	AUDA$2.73
52-week range	AUDA$1.095 - AUDA$3.99
50-day moving average	AUDA$2.408
200-day moving average	AUDA$2.3237
Target price	AUDA$3.95
PE ratio	8.1612
Dividend yield	AUDA$0.19 (7.19%)
Earnings per share (TTM)	AUDA$0.174

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Skycity Entertainment stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of SkyCity Entertainment Group Limited by TradingView

Skycity Entertainment price performance over time

Historical closes compared with the last close of A$2.73

1 week (2020-09-13)	N/A
1 month (2020-08-20)	17.67%
3 months (2020-06-20)	N/A
6 months (2020-03-23)	121.95%

1 year (2019-09-20)	-26.02%
2 years (2018-09-20)	-25.41%
3 years (2017-09-20)	-19.94%
5 years (2015-09-20)	N/A

Is Skycity Entertainment under- or over-valued?

Valuing Skycity Entertainment stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Skycity Entertainment's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Skycity Entertainment's P/E ratio

Skycity Entertainment's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 8x. In other words, Skycity Entertainment shares trade at around 8x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Skycity Entertainment financials

Gross profit TTM	$305.4 million
Return on assets TTM	1.5%
Return on equity TTM	18.16%
Profit margin	36.52%
Book value	1.175
Market capitalisation	$2 billion

TTM: trailing 12 months

Skycity Entertainment share dividends

Dividend payout ratio: 57.29% of net profits

Recently Skycity Entertainment has paid out, on average, around 57.29% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.19% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Skycity Entertainment shareholders could enjoy a 7.19% return on their shares, in the form of dividend payments. In Skycity Entertainment's case, that would currently equate to about A$0.19 per share.

Skycity Entertainment's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

The latest dividend was paid out to all shareholders who bought their shares by 26 February 2020 (the "ex-dividend date").

Have Skycity Entertainment's shares ever split?

Skycity Entertainment's shares were split on 5 March 2008.

Skycity Entertainment share price volatility

Over the last 12 months, Skycity Entertainment's shares have ranged in value from as little as $1.095 up to $3.99. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Skycity Entertainment's is 1.3566. This would suggest that Skycity Entertainment's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Skycity Entertainment overview

SkyCity Entertainment Group Limited, together with its subsidiaries, operates in the gaming, entertainment, hotel, convention, hospitality, and tourism sectors in New Zealand and Australia. It operates through Skycity Auckland, Other New Zealand Operations, SkyCity Adelaide, and International Business segments. The company engages in the hotels and convention, food and beverage, car parking, sky tower, property investment, and other related activities. It also operates casinos in Auckland, Hamilton, Queenstown, and Wharf, New Zealand; and Adelaide, Australia, as well as various restaurants, bars, and conference facilities. As of June 30, 2020, the company operated 273 table games, 3,204 electronic gaming machines, 307 automated table games, 19 restaurants, 14 bars, and 635 hotel rooms. The company was incorporated in 1994 and is headquartered in Auckland, New Zealand.

Frequently asked questions

• What percentage of Skycity Entertainment is owned by insiders or institutions?

  Currently 14.867% of Skycity Entertainment shares are held by insiders and 51.64% by institutions.

• When does the fiscal year end for Skycity Entertainment?

  Skycity Entertainment's fiscal year ends in June.

• Where is Skycity Entertainment based?

  Skycity Entertainment's address is: SkyCity HQ, Auckland, New Zealand, 1010