{"id":2033095,"date":"2025-09-19T00:13:00","date_gmt":"2025-09-19T00:13:00","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2033095"},"modified":"2025-09-19T00:13:00","modified_gmt":"2025-09-19T00:13:00","slug":"skycity-entertainment-group-limiteds-nzseskc-intrinsic-value-is-potentially-51-above-its-share-price","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/skycity-entertainment-group-limiteds-nzseskc-intrinsic-value-is-potentially-51-above-its-share-price\/","title":{"rendered":"SkyCity Entertainment Group Limited&#8217;s (NZSE:SKC) Intrinsic Value Is Potentially 51% Above Its Share Price"},"content":{"rendered":"<p><\/p>\n<div data-testid=\"article-body\">\n<div class=\"atoms-wrapper\">\n<ul class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->SkyCity Entertainment Group&#8217;s estimated fair value is NZ$1.00 based on 2 Stage Free Cash Flow to Equity<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->SkyCity Entertainment Group&#8217;s NZ$0.67 share price signals that it might be 34% undervalued<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/company\/id\/D553C49B-8E69-45C3-9B02-FDEDC9C061B3\/valuation?blueprint=4071718&amp;utm_medium=finance_user&amp;utm_campaign=cta&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Analyst price target for SKC is NZ$1.62,;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"> Analyst price target for SKC is NZ$1.62, <\/a>which is 61% above our fair value estimate<!-- HTML_TAG_END --><\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Today we&#8217;ll do a simple run through of a valuation method used to estimate the attractiveness of SkyCity Entertainment Group Limited (<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/au.finance.yahoo.com\/quote\/SKC.NZ\" data-ylk=\"slk:NZSE:SKC;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">NZSE:SKC<\/a>) as an investment opportunity by taking the expected future cash flows and discounting them to today&#8217;s value. We will take advantage of the Discounted Cash Flow (DCF) model for this purpose. There&#8217;s really not all that much to it, even though it might appear quite complex.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->We generally believe that a company&#8217;s value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. For those who are keen learners of equity analysis, the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/github.com\/SimplyWallSt\/Company-Analysis-Model\/blob\/master\/MODEL.markdown#discounted-cash-flow-dcf\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Simply Wall St analysis model here;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Simply Wall St analysis model here<\/a> may be something of interest to you.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/434426\/us-transformative-artificial-intelligence-ai-healthcare-stocks\/global?blueprint=4071718&amp;utm_medium=finance_user&amp;utm_campaign=investing-ideas&amp;utm_source=yahoo&amp;utm_content=ai-healthcare\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part &#8211; they are all under $10bn in marketcap &#8211; there is still time to get in early.<\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second &#8216;steady growth&#8217; period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren&#8217;t available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today&#8217;s dollars:<!-- HTML_TAG_END --><\/p>\n<div class=\"table-container yf-t4vsm6\">\n<table class=\"article-table yf-t4vsm6\">\n<tbody>\n<tr>\n<td data-testid=\"cell-0-0\"> <\/td>\n<td data-testid=\"cell-0-1\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2026<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2027<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-3\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2028<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-4\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2029<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-5\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2030<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-6\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2031<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-7\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2032<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-8\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2033<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-9\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2034<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-0-10\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>2035<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td data-testid=\"cell-1-0\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong> Levered FCF (NZ$, Millions) <\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-1\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$22.6m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$36.2m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-3\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$54.9m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-4\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$70.0m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-5\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$84.1m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-6\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$97.0m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-7\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$108.4m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-8\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$118.4m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-9\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$127.3m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-1-10\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$135.4m<!-- HTML_TAG_END --><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td data-testid=\"cell-2-0\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Growth Rate Estimate Source<\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-1\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Analyst x1<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Analyst x1<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-3\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Analyst x1<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-4\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Est @ 27.44%<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-5\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Est @ 20.27%<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-6\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Est @ 15.25%<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-7\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Est @ 11.73%<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-8\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Est @ 9.27%<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-9\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Est @ 7.55%<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-2-10\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Est @ 6.34%<!-- HTML_TAG_END --><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td data-testid=\"cell-3-0\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong> Present Value (NZ$, Millions) Discounted @ 11% <\/strong><!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-1\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$20.4<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$29.4<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-3\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$40.2<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-4\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$46.1<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-5\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$50.0<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-6\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$51.9<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-7\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$52.3<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-8\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$51.5<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-9\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$49.9<!-- HTML_TAG_END --><\/p>\n<\/td>\n<td data-testid=\"cell-3-10\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->NZ$47.8<!-- HTML_TAG_END --><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><i>(&#8220;Est&#8221; = FCF growth rate estimated by Simply Wall St)<\/i><br \/><strong>Present Value of 10-year Cash Flow (PVCF)<\/strong> = NZ$439m<!-- HTML_TAG_END --><\/p>\n<\/p><\/div>\n<p><button class=\"secondary-btn fin-size-large readmore-button    rounded   yf-w054rc\" data-ylk=\"elm:readmore;itc:1;sec:content-canvas;slk:Story%20Continues\" aria-label=\"Story Continues\" title=\"Story Continues\"> <span>Story Continues<\/span> <\/button> <\/p>\n<div class=\"read-more-wrapper\" style=\"display: none\" data-testid=\"read-more\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 3.5%. We discount the terminal cash flows to today&#8217;s value at a cost of equity of 11%.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Terminal Value (TV)<\/strong>= FCF<sub>2035<\/sub> \u00d7 (1 + g) \u00f7 (r \u2013 g) = NZ$135m\u00d7 (1 + 3.5%) \u00f7 (11%\u2013 3.5%) = NZ$1.9b<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Present Value of Terminal Value (PVTV)<\/strong>= TV \/ (1 + r)<sup>10<\/sup>= NZ$1.9b\u00f7 ( 1 + 11%)<sup>10<\/sup>= NZ$664m<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is NZ$1.1b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of NZ$0.7, the company appears quite good value at a 34% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope &#8211; move a few degrees and end up in a different galaxy. Do keep this in mind.<!-- HTML_TAG_END --><\/p>\n<figure class=\"yf-8xybrv\">\n<div class=\"image-container yf-1gfnohs loader\" style=\"--max-height: 428px;\">\n<div class=\"image-wrapper yf-1gfnohs\" style=\"--aspect-ratio: 960 \/ 428; --img-max-width: 960px;\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/company\/id\/D553C49B-8E69-45C3-9B02-FDEDC9C061B3\/valuation?blueprint=4071718&amp;utm_medium=finance_user&amp;utm_campaign=infographic&amp;utm_source=yahoo\" target=\"_blank\" rel=\"noopener noreferrer\"><\/a><\/div>\n<\/div><figcaption class=\"yf-8xybrv\"><!-- HTML_TAG_START -->NZSE:SKC Discounted Cash Flow September 18th 2025<!-- HTML_TAG_END -->  <\/figcaption><\/figure>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. You don&#8217;t have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company&#8217;s future capital requirements, so it does not give a full picture of a company&#8217;s potential performance. Given that we are looking at SkyCity Entertainment Group as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we&#8217;ve used 11%, which is based on a levered beta of 1.769. Beta is a measure of a stock&#8217;s volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><span class=\"veryHighlightLink\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/company\/id\/D553C49B-8E69-45C3-9B02-FDEDC9C061B3?blueprint=4071718&amp;utm_medium=finance_user&amp;utm_campaign=cta&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Check out our latest analysis for SkyCity Entertainment Group;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"> Check out our latest analysis for SkyCity Entertainment Group <\/a><\/span><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Strength<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Weakness<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Opportunity<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Threat<\/strong><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->Valuation is only one side of the coin in terms of building your investment thesis, and it ideally won&#8217;t be the sole piece of analysis you scrutinize for a company. The DCF model is not a perfect stock valuation tool. Rather it should be seen as a guide to &#8220;what assumptions need to be true for this stock to be under\/overvalued?&#8221; If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. Can we work out why the company is trading at a discount to intrinsic value? For SkyCity Entertainment Group, we&#8217;ve put together three fundamental factors you should look at:<!-- HTML_TAG_END --><\/p>\n<ol class=\"yf-1woyvo2\">\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Risks<\/strong>: Case in point, we&#8217;ve spotted <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/company\/id\/D553C49B-8E69-45C3-9B02-FDEDC9C061B3?blueprint=4071718&amp;utm_medium=finance_user&amp;utm_campaign=conclusion&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:3 warning signs for SkyCity Entertainment Group;elm:context_link;itc:0;sec:content-canvas\" class=\"link \"> <strong> 3 warning signs for SkyCity Entertainment Group<\/strong> <\/a> you should be aware of.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Management<\/strong>:Have insiders been ramping up their shares to take advantage of the market&#8217;s sentiment for SKC&#8217;s future outlook? Check out our <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/company\/id\/D553C49B-8E69-45C3-9B02-FDEDC9C061B3\/management?blueprint=4071718&amp;utm_medium=finance_user&amp;utm_campaign=conclusion&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:management and board analysis;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">management and board analysis<\/a> with insights on CEO compensation and governance factors.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1woyvo2\">\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Other High Quality Alternatives<\/strong>: Do you like a good all-rounder? Explore <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/206\/big-green-snowflakes?blueprint=4071718&amp;utm_medium=finance_user&amp;utm_campaign=conclusion-grid&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:our interactive list of high quality stocks;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">our interactive list of high quality stocks<\/a> to get an idea of what else is out there you may be missing!<!-- HTML_TAG_END --><\/p>\n<\/li>\n<\/ol>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START -->PS. Simply Wall St updates its DCF calculation for every New Zealander stock every day, so if you want to find the intrinsic value of any other stock just <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/simplywall.st\/discover\/investing-ideas\/157\/popular-view?blueprint=4071718&amp;utm_medium=finance_user&amp;utm_campaign=conclusion-grid&amp;utm_source=yahoo\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:search here;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">search here<\/a>.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1090901\"><!-- HTML_TAG_START --><strong>Have feedback on this article? Concerned about the content?<\/strong> <span><strong>Get in touch<\/strong><\/span><strong> with us directly.<\/strong><i> Alternatively, email editorial-team (at) simplywallst.com.<\/i><\/p>\n<p><i>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.<\/strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.<\/i><!-- HTML_TAG_END --><\/p>\n<\/p><\/div><\/div>\n<p><em> \u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n<p><em> \u2018 Some details of this article were extracted from the following source finance.yahoo.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SkyCity Entertainment Group&#8217;s estimated fair value is NZ$1.00 based on 2 Stage Free Cash Flow to Equity SkyCity Entertainment Group&#8217;s NZ$0.67 share price signals that it might be 34% undervalued Analyst price target for SKC is NZ$1.62, which is 61% above our fair value estimate Today we&#8217;ll do a simple run through of a valuation [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1955698,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[358002,350770,358001,358436,375124,351013,358003],"class_list":["post-2033095","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-discounted-cash-flow","tag-free-cash-flow","tag-future-cash-flows","tag-present-value","tag-skc","tag-skycity-entertainment-group","tag-terminal-value"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/08\/Golden-Entertainment-NASDAQGDEN-Has-Announced-A-Dividend-Of-025.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2033095","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2033095"}],"version-history":[{"count":0,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2033095\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/1955698"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2033095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2033095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2033095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}