NagaCorp Ltd. logo

NagaCorp Ltd.

3918.HK

HKSEConsumer CyclicalGambling, Resorts & Casinos

Latest quote

HK$3.58

−HK$0.045 · -1.24%

Aug 24, 1:39 PM HKTData delayed

3918.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

NagaCorp Ltd. operates as an investment holding company, with its primary focus on managing and running a comprehensive hotel and casino complex located in the Kingdom of Cambodia. The company's activities are structured into two main divisions: Casino Operations and Hotel and Entertainment Operations. It is the owner and operator of NagaWorld, an extensive integrated resort comprising 5,000 hotel rooms, a vast gaming area featuring 1,300 gaming tables and 4,500 electronic gaming machines across both public and premium halls. Additionally, NagaWorld offers an all-suite luxury spa, a shopping gallery, various food and beverage outlets, entertainment services, and adaptable meeting and convention facilities designed to accommodate up to 1,000 delegates. Beyond its core hospitality and gaming ventures, NagaCorp Ltd. is also involved in providing management consulting, overseeing aircraft management, offering transportation support services, and operating as a travel agency. The company engages in marketing, sales, and advisory services related to travel, hotels, and resorts, along with employment placement agency services and general asset holding activities. Its diverse portfolio further includes property development and investment, the operation of retail businesses, and the management of a football club. NagaCorp Ltd. was founded in 1995 and is headquartered in Phnom Penh, Cambodia.

Industry
Gambling, Resorts & Casinos
Sector
Consumer Cyclical
Headquarters
KH
CEO
Yiy Fon Chen
Listed since
Oct 19, 2006
Employees
5,968

Market position

Day range

Current HK$3.58

52-week range

Current HK$3.58

Open
HK$3.65
Previous close
HK$3.625
Volume
1.38M
0.48× average
Average volume
2.9M
Average daily volume
Market cap
15.83B HKD
Beta
1.29
Market reference 1
50-day average
HK$3.5553
+0.69% above average
200-day average
HK$4.1929
-14.62% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.46B USD
P/E (TTM)
6.56×
P/B (TTM)
0.84×
P/S (TTM)
2.93×
EV / EBITDA
4.09×
Earnings yield
11.72%
Free cash flow yield
11.45%
Dividend yield
4.55%

Profitability & efficiency

Gross margin
76.85%
Operating margin
52.91%
Net margin
45.02%
Return on equity
12.93%
Return on assets
11.21%
Return on invested capital
19.54%

Financial health

Debt / equity
0.08×
Current ratio
1.55×
Altman Z-score
5.01
Piotroski F-score
7 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends102%40%-22%-84%Gross margin, FY2021: 67.19%Gross margin, FY2022: 86.32%Gross margin, FY2023: 83.99%Gross margin, FY2024: 86.44%Gross margin, FY2025: 81.29%Operating margin, FY2021: -48.50%Operating margin, FY2022: 30.24%Operating margin, FY2023: 39.58%Operating margin, FY2024: 20.98%Operating margin, FY2025: 71.45%Net margin, FY2021: -68.82%Net margin, FY2022: 24.62%Net margin, FY2023: 35.41%Net margin, FY2024: 20.74%Net margin, FY2025: 43.67%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 67.19%. Gross margin FY2022 86.32%. Gross margin FY2023 83.99%. Gross margin FY2024 86.44%. Gross margin FY2025 81.29%. Operating margin FY2021 -48.50%. Operating margin FY2022 30.24%. Operating margin FY2023 39.58%. Operating margin FY2024 20.98%. Operating margin FY2025 71.45%. Net margin FY2021 -68.82%. Net margin FY2022 24.62%. Net margin FY2023 35.41%. Net margin FY2024 20.74%. Net margin FY2025 43.67%.

Income trends

Revenue

710.72M USD+34.52%

Operating income

507.79M USD+358.05%

Net income

310.37M USD+183.20%
Income trends across reported periods796.5M USD453.4M USD110.3M USD−232.8M USDRevenue, FY2021: 213.62M USDRevenue, FY2022: 435.56M USDRevenue, FY2023: 501.98M USDRevenue, FY2024: 528.36M USDRevenue, FY2025: 710.72M USDOperating income, FY2021: −103.61M USDOperating income, FY2022: 131.72M USDOperating income, FY2023: 198.68M USDOperating income, FY2024: 110.86M USDOperating income, FY2025: 507.79M USDNet income, FY2021: −147.02M USDNet income, FY2022: 107.25M USDNet income, FY2023: 177.73M USDNet income, FY2024: 109.59M USDNet income, FY2025: 310.37M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 213.62M USD. Revenue FY2022 435.56M USD. Revenue FY2023 501.98M USD. Revenue FY2024 528.36M USD. Revenue FY2025 710.72M USD. Operating income FY2021 −103.61M USD. Operating income FY2022 131.72M USD. Operating income FY2023 198.68M USD. Operating income FY2024 110.86M USD. Operating income FY2025 507.79M USD. Net income FY2021 −147.02M USD. Net income FY2022 107.25M USD. Net income FY2023 177.73M USD. Net income FY2024 109.59M USD. Net income FY2025 310.37M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue710.72M USD528.36M USD501.98M USD435.56M USD213.62M USD
Cost of goods sold132.95M USD71.67M USD80.35M USD59.6M USD70.1M USD
Gross profit577.77M USD456.69M USD421.64M USD375.97M USD143.53M USD
Selling, general, and administrative69.98M USD70.46M USD44.41M USD52.18M USD64.26M USD
Operating expenses69.98M USD345.83M USD222.96M USD244.24M USD247.13M USD
Interest income3.5M USD6.65M USD2.43M USD1.06M USD518K USD
Interest expense623.92K USD572K USD20.71M USD24.26M USD37.14M USD
Depreciation and amortization93.32M USD91.99M USD96.66M USD113.69M USD119.17M USD
Operating income507.79M USD110.86M USD198.68M USD131.72M USD−103.61M USD
Net income310.37M USD109.59M USD177.73M USD107.25M USD−147.02M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
27%
3 beats, 7 misses, 1 met estimate
Average EPS surprise
-45.16%
11 comparable reports
Latest EPS result
0.31
Estimate 0.31 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.350.220.09-0.04Q2 '22BeatQ1 '23MissQ3 '23MissQ2 '24BeatQ3 '24MissQ1 '25MissQ3 '25BeatQ1 '26Met
Q2 2022, reported Jun 30, 2022: actual 0.093, estimate 0.077, surprise +21.35%, Beat. Q1 2023, reported Feb 9, 2023: actual 0.096, estimate 0.155, surprise -37.83%, Miss. Q3 2023, reported Jul 19, 2023: actual 0.147, estimate 0.157, surprise -6.25%, Miss. Q2 2024, reported Apr 3, 2024: actual 0.167, estimate 0.156, surprise +7.11%, Beat. Q3 2024, reported Aug 27, 2024: actual -0.002, estimate 0.234, surprise -100.73%, Miss. Q1 2025, reported Mar 25, 2025: actual 0.194, estimate 0.311, surprise -37.52%, Miss. Q3 2025, reported Aug 25, 2025: actual 0.264, estimate 0.157, surprise +68.22%, Beat. Q1 2026, reported Mar 23, 2026: actual 0.311, estimate 0.311, surprise 0.00%, Met estimate.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates47.19B31.8B16.41B1.02BQ1 '23MissQ3 '23BeatQ2 '24MissQ3 '24MissQ1 '25MissQ3 '25MissQ1 '26MissQ3 '26Estimate
Q1 2023, reported Feb 9, 2023: actual 1.64B HKD, estimate 43.78B HKD, surprise -96.25%, Miss. Q3 2023, reported Jul 19, 2023: actual 1.94B HKD, estimate 1.21B HKD, surprise +61.17%, Beat. Q2 2024, reported Apr 3, 2024: actual 1.98B HKD, estimate 40.22B HKD, surprise -95.07%, Miss. Q3 2024, reported Aug 27, 2024: actual 2.15B HKD, estimate 2.7B HKD, surprise -20.42%, Miss. Q1 2025, reported Mar 25, 2025: actual 1.96B HKD, estimate 2.63B HKD, surprise -25.28%, Miss. Q3 2025, reported Aug 25, 2025: actual 2.52B HKD, estimate 2.78B HKD, surprise -9.48%, Miss. Q1 2026, reported Mar 23, 2026: actual 2.86B HKD, estimate 3.04B HKD, surprise -5.74%, Miss. Q3 2026, reported Aug 24, 2026: actual —, estimate 2.87B HKD, surprise —, Comparison unavailable.

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