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One of six licensed Macau casino operators, running the Galaxy Macau integrated resort.
One of six licensed Macau casino operators, running the Galaxy Macau integrated resort.
Earns from casino gaming, now mostly the mass-market floor rather than VIP rooms since China's tighter rules on junket promoters (middlemen who brought high rollers) from 2021 and 2022, plus hotels, restaurants and shops at its Cotai resorts. Its Macau concession was renewed in 2022 for ten years, and founder Lui Che-woo's family controls the group.
In one line: A Macau-focused Wynn Resorts/Las Vegas Sands peer.
Moat: wide (regulatory licence, scale). One of only six Macau gaming concessions, a government-limited licence structure that blocks new entrants.
Headquarters: Macau, China · Founded: 1990 · Employees: 21,200
Size Galaxy Ent (0027.HK) is a Hong Kong Consumer Discretionary company (Casinos/Gaming) with a market value of $19.4B, the 93rd largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$34.84 on 6 Nov 2026.
Performance Over six months the shares gained 7.6%, against -13.2% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 2nd highest of 12 in its peer set.
Growth Revenue grew 8.4% over the last twelve months (peer median +4.0%); the operating margin is 32.0% (peer median 20.9%).
Valuation It trades at 14.2× forward earnings against a peer median of 14.3× (6th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +29%, so the hurdle is -26 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.5 points above its cost of capital (8.5% WACC).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$29.9B | HK$29.6B | HK$27.0B | HK$23.0B | HK$8.40B |
| Revenue growth | — | +10% | +17% | +174% | — |
| Gross profit | HK$16.1B | HK$16.1B | HK$14.1B | HK$11.6B | -HK$779M |
| EBITDA | HK$13.5B | HK$13.4B | HK$11.4B | HK$9.12B | -HK$1.35B |
| Net income | HK$10.7B | HK$10.7B | HK$8.76B | HK$6.83B | -HK$3.43B |
| Free cash flow | HK$12.6B | HK$12.1B | HK$7.77B | HK$6.52B | -HK$6.69B |
| Capital expenditure | HK$2.72B | HK$3.48B | HK$4.88B | HK$6.02B | HK$5.08B |
| Total debt | n/a | HK$2.01B | HK$4.82B | HK$2.08B | HK$7.99B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Galaxy Ent 0027.HK | $19.4B | +8% | +8% | 32% | 14.2× | 2.8% |
| Sands China 1928.HK | $11.4B | -30% | +9% | 26% | 12.9× | 2.5% |
| MGM China 2282.HK | $4.85B | -12% | +11% | 31% | 9.3× | -3.1% |
| SJM 0880.HK | $974M | -49% | -16% | 6% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 0027.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.4% | +7.8% | highest of 12 |
| 6-month return | +7.6% | -13.2% | 2nd highest of 12 |
| Distance from 52-week high | -19.2% | -37.3% | 5th highest of 12 |
| Revenue growth (TTM) | +8.4% | +4.0% | 5th highest of 12 |
| Operating margin | 32.0% | 20.9% | 2nd highest of 12 |
| Forward P/E | 14.2× | 14.3× | 6th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 2.8% | 2.1% | 5th most demanding of 11 |
| Growth delivered (Del g) | +28.7% | +26.8% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -25.9 pp | -22.2 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +3.5 pp | +6.5 pp | 5th lowest of 12 |
| EV / EBITDA | 9.9× | 8.7× | 5th most expensive of 12 |
| Net debt / EBITDA | -1.4× | 2.8× | least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Galaxy Ent 0027.HK | Hong Kong | $19.4B | +8% | +8% | 32% | 14.2× | 2.8% | +28.7% |
| Las Vegas Sands LVS | United States | $25.5B | -23% | +11% | 22% | 14.2× | -2.5% | +34.7% |
| Flutter Entertainment FLUT | United States | $14.2B | -19% | +12% | 2% | 14.3× | 26.3% | +23.7% |
| Aristocrat Leisure ALL.AX | Australia | $26.9B | +27% | -1% | 32% | 24.8× | 9.5% | +8.8% |
| Sands China 1928.HK | Hong Kong | $11.4B | -30% | +9% | 26% | 12.9× | 2.5% | +34.0% |
| Wynn Resorts WYNN | United States | $8.56B | -19% | +6% | 16% | 20.8× | 1.7% | +27.8% |
| MGM Resorts MGM | United States | $8.18B | -17% | +3% | 6% | 24.0× | 16.0% | +27.7% |
| Lottomatica LTMC.MI | Italy | $7.17B | +4% | +4% | 21% | 15.4× | -1.4% | +42.7% |
| Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh LNW.AX | Australia | $6.22B | +1% | 0% | 27% | 9.4× | -8.5% | +15.8% |
| Caesars Entertainment CZR | United States | $5.96B | +4% | +3% | 17% | n/a | 5.8% | +25.9% |
| Super Group (SGHC) SGHC | United States | $5.77B | -13% | +14% | 23% | 11.7× | -0.2% | +16.6% |
| Boyd Gaming BYD | United States | $5.41B | -11% | 0% | 19% | 10.1× | n/a | n/a |