The Star Entertainment Group Limited

SGR.AX

Gambling, Resorts & Casinos · Consumer Cyclical

Exchange

Australian Securities Exchange

Winston Score

Winston is worried

Weak fundamentals across most pillars.

Data as of Aug 23, 2026 · filings through Dec 31, 2025

How the score breaks down

Quality

Weak

Growth

Weak

Cash Flow

Weak

Stability

Mixed

Valuation

Data not available

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Winston Score History

The full picture

The Star Entertainment Group runs casinos and resort hotels in Australia. Its main properties are The Star Sydney, The Star Gold Coast, and Treasury Brisbane — large complexes that include gambling floors, hotels, restaurants, and entertainment venues. The company serves leisure tourists, hotel guests, and high-spending gamblers, competing in the Australian integrated resort market alongside Crown Resorts.

The company earns money from casino gaming revenue, hotel room bookings, food and beverage sales, and event hosting. It operates entirely within Australia, making it exposed to domestic consumer spending and tourism trends. The Star has faced serious regulatory problems in recent years, including findings that it was unsuitable to hold casino licenses in New South Wales and Queensland, resulting in government-appointed managers overseeing its operations. The central risk is whether the company can satisfy regulators, restore its licenses to full standing, and return to profitability — its deeply negative operating margin and low market capitalization reflect how uncertain that outcome currently is.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-21.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+90.3% YoY

YoY Growth Rate

EPS growth accelerating

Insider Activity

35.2%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Runway

~10 months

A$421M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

The Star Entertainment Group Limited has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

10.6%

Thin — 10.6% gross margin

Profit after running costs

Operating Margin

-37.3%

Losing money on operations — -37.3%

Return on the money invested

ROCE

-47.0%

Weak — -47.0% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth

Sales YoY

-18.2%

Shrinking sales (-18.2% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

4/8 quarters

Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

Data not available

Spare cash per sale

FCF Margin

-21.0%

Burning cash (-21.0%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns

Debt / Equity

0.65

Moderate — manageable debt (0.65)

Covers its interest

Interest Cover

N/A

Data not available

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

no trend

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Not applicable for this business.

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