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Event Hospitality and Entertainment Ltd - Stock Quote EVT

Rating as of

Morningstar's Event Hospitality and Entertainment Ltd Stock Analysis

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

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5-Star Price

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Economic Moat

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Capital Allocation

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Will Event Hospitality Face an Inhospitable Event?

Brian Han Director

Analyst Note

| Brian Han |

Shares in Event Hospitality and Entertainment have been relatively resilient, down "just" 9% since the group reported its fiscal 2022 interim results on Feb. 21, 2022. The performance compares favourably with the average 19% decline in leisure-centric peer share prices over the same period, as well as the S&P/ASX 200 Consumer Discretionary Index which has also fallen 19%. Indeed, Event is the only stock under our travel and leisure coverage still trading at a premium (albeit slight, at 2%) to our unchanged fair value estimate (AUD 13 per share).

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Event Hospitality and Entertainment Ltd's Company Profile

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 resort.

Contact
478 George Street
Sydney, NSW, 2000, Australia
T +61 293736600
Sector Communication Services
Industry Entertainment
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees 3,191