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Event Hospitality and Entertainment Ltd EVT Stock Quote

| Rating as of

Morningstar‘s Stock Analysis EVT

Valuation
Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Consumers Are Ready to Play and Event is Ready to Play Host

Brian Han Director

Analyst Note

| Brian Han |

While Event Hospitality's fiscal 2022 normalised EBITDA (pre AASB 16) of AUD 138 million was 10% shy of our expectations, we see no fundamental reasons to change our AUD 13.00 per share fair value estimate. The result was still up five-fold from fiscal 2021 and the miss was within tolerable range, given the COVID-induced fluctuations in trading and costs during the period.

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Key Statistics EVT

Company Profile EVT

Business Description

Event Hospitality and Entertainment is an Australian provider of entertainment, hospitality and tourism, and leisure-related services. Operating under three divisions (entertainment/cinemas, hospitality and leisure/hotels, and property and investments), the company derives the majority of its earnings in Australia, with cinema operations in New Zealand and Germany (in the process of being divested). Key brands include Event Cinemas, Greater Union Cinemas, Rydges Hotels, QT Hotels, and the Thredbo ski and mountain biking resort.

Contact
478 George Street
Sydney, NSW, 2000, Australia
T +61 293736600
Industry Entertainment
Most Recent Earnings
Fiscal Year End Jun 30, 2023
Employees 3,191