Nagacorp Ltd
HKEX:3918
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (9.2), the stock would be worth HK$5.71 (42% upside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 6.4 | HK$4.02 |
0%
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| 3-Year Average | 9.2 | HK$5.71 |
+42%
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| 5-Year Average | 15.7 | HK$9.81 |
+144%
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| Industry Average | 1.2 | HK$0.73 |
-82%
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| Country Average | 1.2 | HK$0.73 |
-82%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
HK$16B
|
/ |
Jan 2026
$311.3m
|
= |
|
|
HK$16B
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/ |
Dec 2026
$441.7m
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= |
|
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HK$16B
|
/ |
Dec 2027
$478.3m
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= |
|
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HK$16B
|
/ |
Dec 2028
$509.7m
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| KH |
N
|
Nagacorp Ltd
HKEX:3918
|
17.8B HKD | 6.4 | 7.3 | |
| US |
|
Las Vegas Sands Corp
NYSE:LVS
|
38.4B USD | 10 | 21.6 | |
| AU |
|
Aristocrat Leisure Ltd
ASX:ALL
|
29.5B AUD | 14.9 | 18 | |
| HK |
|
Galaxy Entertainment Group Ltd
HKEX:27
|
149.8B HKD | 10.1 | 14.1 | |
| IE |
|
Flutter Entertainment PLC
LSE:FLTR
|
13.8B GBP | 10.7 | -44.6 | |
| MO |
|
Sands China Ltd
HKEX:1928
|
138.6B HKD | 10.8 | 19.8 | |
| SE |
|
Evolution AB (publ)
STO:EVO
|
123.7B SEK | 7.6 | 10.8 | |
| GR |
O
|
Organization of Football Prognostics SA
ATHEX:ALWN
|
9.6B EUR | 11.4 | 19.9 | |
| US |
|
DraftKings Inc
NASDAQ:DKNG
|
11.1B USD | 42.2 | 2 962.1 | |
| US |
|
Wynn Resorts Ltd
NASDAQ:WYNN
|
11.1B USD | 11.2 | 33.6 | |
| ZA |
S
|
Sun International Ltd
JSE:SUI
|
10.8B ZAR | 4.6 | 6.7 |
Market Distribution
| Min | 1.2 |
| 30th Percentile | 1.2 |
| Median | 1.2 |
| 70th Percentile | 1.2 |
| Max | 1.2 |
Other Multiples
Nagacorp Ltd
Glance View
Nagacorp Ltd., a gaming and hospitality powerhouse, is a jewel in the crown of Cambodia's burgeoning tourism sector. Founded by the dynamic Dr. Chen Lip Keong, the company has its roots in the bustling city of Phnom Penh, where its flagship property, NagaWorld, acts as a magnet for both local and international visitors. NagaWorld is not just a casino; it's a sprawling entertainment complex that combines opulent hotels, diverse dining options, and state-of-the-art gaming facilities. At the heart of its operation lies the casino, where it generates substantial revenue from a mix of mass-market gamers and VIP players. The meticulous design of the gaming floors, with strategically placed slot machines and gaming tables, ensures a seamless flow of patrons, maximizing both foot traffic and profitability. NagaCorp's success story is also intricately woven with its strategic geographic positioning and favorable economic conditions. Cambodia, with its relaxed regulatory environment and growing middle class, serves as an ideal backdrop for Nagacorp's ambitions. The company leverages its monopoly gaming license in Phnom Penh, which is valid until 2045, to effectively corner the market, reducing competition and securing a loyal customer base. Moreover, its symbiotic relationship with neighboring countries, like China, further fuels its growth trajectory. By offering comprehensive entertainment packages that include luxury accommodations and world-class dining, NagaCorp ensures a diversified revenue stream, capturing discretionary spending beyond the gaming tables. This diversification not only enhances revenue stability but also underscores the company's adaptability and forward-thinking approach in the ever-evolving gaming industry.
