NagaCorp Ltd. (NGCRY)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
NagaCorp Ltd. (NGCRY) with AI Score 52/100 (Hold). NagaCorp Ltd. is an investment holding company that manages and operates NagaWorld, a large integrated hotel and casino complex in Phnom Penh, Cambodia. Market cap: 0, Sector: Consumer cyclical.
Last analyzed: Mar 17, 2026NagaCorp Ltd. (NGCRY) Consumer Business Overview
NagaCorp Ltd. operates NagaWorld, the largest integrated hotel and casino complex in Cambodia, featuring extensive gaming facilities, luxury accommodations, and entertainment options. The company benefits from a strong regional presence and a high profit margin within the competitive Asian gaming market.
Investment Thesis
NagaCorp presents a compelling investment case based on its dominant position in the Cambodian gaming market and strong profitability. With a P/E ratio of 8.72 and a profit margin of 45.2%, the company demonstrates efficient operations and robust earnings. The dividend yield of 1.96% provides a steady income stream for investors. Growth catalysts include the potential expansion of NagaWorld and increased tourism in Cambodia. However, investors may want to evaluate regulatory risks and the impact of regional economic fluctuations on tourism and gaming revenue. Monitoring the company's ability to maintain its market share and adapt to changing consumer preferences is crucial for assessing its long-term investment viability.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $2.47 billion indicates a substantial presence in the gaming and hospitality industry.
- A P/E ratio of 8.72 suggests the company is undervalued compared to its earnings.
- Profit margin of 45.2% demonstrates strong profitability and efficient cost management.
- Gross margin of 87.5% highlights the company's ability to generate revenue efficiently from its operations.
- Dividend yield of 1.96% provides a steady income stream for investors.
Competitors & Peers
Strengths
- Dominant market position in Cambodia.
- Integrated resort model with diverse offerings.
- Strong brand recognition and customer loyalty.
- High profit margins and efficient operations.
Weaknesses
- Geographic concentration in Cambodia.
- Dependence on tourism and gaming revenue.
- Exposure to regulatory risks and changes.
- Potential impact from regional economic fluctuations.
Catalysts
- Ongoing: Expansion of NagaWorld complex to attract a larger customer base and increase revenue.
- Ongoing: Increased tourism in Cambodia, driving more visitors to NagaWorld.
- Upcoming: Potential exploration of online gaming opportunities, expanding reach beyond the physical complex.
- Ongoing: Strategic partnerships with regional companies to offer integrated travel packages.
- Ongoing: Development of new entertainment offerings at NagaWorld to diversify attractions and increase visitor spending.
Risks
- Potential: Increased competition from other gaming destinations in Southeast Asia.
- Potential: Changes in government regulations and policies affecting the gaming industry in Cambodia.
- Potential: Economic downturns affecting tourism and gaming spending in the region.
- Potential: Geopolitical risks and instability in Southeast Asia impacting tourism and business operations.
- Ongoing: Currency fluctuations between the U.S. dollar and the Cambodian Riel affecting the value of the ADR.
Growth Opportunities
- Expansion of NagaWorld: NagaCorp has the opportunity to expand its NagaWorld complex, adding more hotel rooms, gaming facilities, and entertainment options. This expansion can attract a larger customer base and increase revenue. The timeline for such expansions typically spans several years, requiring significant capital investment. The market size for integrated resorts in Southeast Asia is substantial, with potential for further growth as tourism increases.
- Increased Tourism in Cambodia: Cambodia's tourism sector is growing, presenting an opportunity for NagaCorp to attract more visitors to its NagaWorld complex. The company can leverage marketing and promotional activities to capitalize on this trend. The timeline for realizing this growth is dependent on broader tourism trends and government policies. The tourism market in Cambodia is expected to continue growing, driven by increasing international arrivals.
- Online Gaming Expansion: NagaCorp could explore opportunities in online gaming, expanding its reach beyond the physical confines of its NagaWorld complex. This expansion would require navigating regulatory hurdles and investing in technology infrastructure. The timeline for entering the online gaming market depends on regulatory approvals and technological development. The global online gaming market is experiencing rapid growth, offering significant potential for NagaCorp.
- Regional Partnerships: NagaCorp can form strategic partnerships with other companies in the region to expand its reach and offer integrated travel packages. These partnerships can enhance the company's brand recognition and attract a wider customer base. The timeline for forming such partnerships depends on negotiations and agreements with potential partners. The market for regional travel and tourism is substantial, with opportunities for collaboration and synergy.
- Development of New Entertainment Offerings: NagaCorp can invest in developing new entertainment offerings at NagaWorld, such as live performances, themed attractions, and cultural events. These offerings can attract a more diverse customer base and increase visitor spending. The timeline for developing new entertainment offerings depends on planning, investment, and execution. The market for entertainment and leisure activities is growing, driven by increasing consumer spending on experiences.
Opportunities
- Expansion of NagaWorld complex.
- Increased tourism in Cambodia.
- Exploration of online gaming opportunities.
- Formation of regional partnerships.
Threats
- Increased competition from other gaming destinations.
- Changes in government regulations and policies.
- Economic downturns affecting tourism and gaming spending.
- Geopolitical risks and instability in the region.
Competitive Advantages
- Geographic Monopoly: NagaCorp benefits from a virtual monopoly in Phnom Penh, Cambodia, providing a significant competitive advantage.
- Integrated Resort Model: The company's integrated resort model, offering a diverse range of entertainment options, attracts a broader customer base.
- Strong Brand Recognition: NagaWorld has established a strong brand recognition in the region, attracting both local and international visitors.
- High Profit Margins: The company's high profit margins demonstrate efficient operations and strong pricing power.
About NGCRY
Founded in 1995 and based in Phnom Penh, Cambodia, NagaCorp Ltd. has grown to become a prominent player in the Southeast Asian gaming and hospitality industry. The company's flagship asset, NagaWorld, is an integrated hotel and entertainment complex that has significantly contributed to Cambodia's tourism sector. NagaWorld features 5,000 hotel rooms, 1,300 gaming tables, and 4,500 electronic gaming machines. It also includes public and premium gaming halls, a luxury spa, shopping gallery, diverse food and beverage outlets, entertainment services, and extensive meeting and convention spaces capable of accommodating approximately 1,000 delegates. Beyond its core gaming and hospitality offerings, NagaCorp is involved in management consulting, aircraft management, transportation support, travel agency services, and property development. The company also operates a retail business and owns a football club, demonstrating its diversified business interests within Cambodia. NagaCorp's strategic location and comprehensive offerings have positioned it as a key destination for tourists and gaming enthusiasts in the region.
What They Do
- Manages and operates NagaWorld, an integrated hotel and casino complex in Phnom Penh, Cambodia.
- Provides casino operations with gaming tables and electronic gaming machines.
- Offers hotel and entertainment operations with accommodation, dining, and leisure facilities.
- Engages in property development and investment activities.
- Operates a retail business within the NagaWorld complex.
- Manages aircraft and provides transportation support activities.
- Offers travel agency services and marketing related to hotels and resorts.
- Operates a football club.
Business Model
- Generates revenue from casino operations, including gaming tables and electronic gaming machines.
- Earns revenue from hotel and entertainment operations, including room rentals, food and beverage sales, and entertainment services.
- Derives income from property development and investment activities.
- Receives revenue from retail business operations within the NagaWorld complex.
Industry Context
NagaCorp operates within the global gambling, resorts, and casinos industry, which is characterized by intense competition and evolving regulatory landscapes. The industry is influenced by macroeconomic factors, tourism trends, and consumer spending habits. NagaCorp's focus on the Cambodian market provides a degree of insulation from competition in larger markets like Macau and Las Vegas. The company's integrated resort model aligns with the industry trend of offering diverse entertainment options to attract a broader customer base. The global casino gaming market is projected to reach significant growth in the coming years, driven by increasing disposable incomes and tourism.
Key Customers
- Tourists visiting Cambodia for leisure and entertainment.
- Gaming enthusiasts seeking casino experiences.
- Business travelers attending conferences and meetings.
- Local residents seeking entertainment and dining options.
Financials
Chart & Info
NagaCorp Ltd. (NGCRY) stock price: Price data unavailable
Latest News
No recent news available for NGCRY.
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NGCRY.
Price Targets
Wall Street price target analysis for NGCRY.
MoonshotScore
What does this score mean?
The MoonshotScore rates NGCRY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Yiy Fon Chen
Unknown
Information about Yiy Fon Chen's background is not available in the provided context. Without additional data, a comprehensive biography cannot be constructed. Further research would be needed to determine their career history, education, and previous roles.
Track Record: Information about Yiy Fon Chen's track record is not available in the provided context. Without additional data, key achievements, strategic decisions, and company milestones under their leadership cannot be assessed.
NagaCorp Ltd. ADR Information Unsponsored
An American Depositary Receipt (ADR) like NGCRY represents shares of NagaCorp Ltd., a Cambodian company, held by a U.S. depositary bank. It allows U.S. investors to trade in NagaCorp shares on U.S. exchanges without directly dealing with foreign markets. NGCRY is an unsponsored Level 1 ADR, meaning NagaCorp has limited involvement in its creation and maintenance.
- Home Market Ticker: Stock Exchange of Hong Kong (NGCR), Phnom Penh, Cambodia
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: NGCR
NGCRY OTC Market Information
NGCRY trades on the OTC Other tier, which represents the lowest tier of the OTC market. Companies on this tier often have limited reporting requirements and may not meet the listing standards of major exchanges like the NYSE or NASDAQ. Investing in companies on the OTC Other tier carries higher risks due to the potential for less transparency and regulatory oversight. The OTC Other tier is distinct from the OTCQX and OTCQB tiers, which have more stringent financial and disclosure requirements.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Transparency: OTC stocks often have less stringent reporting requirements, leading to limited financial information and transparency.
- Lower Liquidity: OTC stocks typically have lower trading volumes and wider bid-ask spreads, making it more difficult to buy or sell shares.
- Regulatory Risks: OTC stocks are subject to less regulatory oversight, increasing the risk of fraud and manipulation.
- Information Asymmetry: The lack of readily available information can create information asymmetry, disadvantaging individual investors.
- Price Volatility: OTC stocks can be more volatile than stocks listed on major exchanges due to lower liquidity and less market scrutiny.
- Verify the company's financial statements and disclosures.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's regulatory compliance and legal risks.
- Check for any red flags or warning signs, such as pending lawsuits or regulatory investigations.
- Determine the liquidity of the stock and the potential impact on your ability to exit the position.
- Consult with a financial advisor to assess the risks and suitability of the investment.
- Established Business Operations: NagaCorp has been operating in the gaming and hospitality industry since 1995, indicating a long-term presence.
- Integrated Resort: The company's integrated resort model with diverse offerings suggests a well-developed business strategy.
- High Profit Margins: The company's high profit margins demonstrate efficient operations and strong pricing power.
- Dividend Payments: The company's dividend payments indicate a commitment to returning value to shareholders.
What Investors Ask About NagaCorp Ltd. (NGCRY)
What does NagaCorp Ltd. do?
NagaCorp Ltd. is an investment holding company that primarily operates NagaWorld, an integrated hotel and casino complex in Phnom Penh, Cambodia. The company's operations are divided into two main segments: Casino Operations and Hotel and Entertainment Operations. NagaWorld features extensive gaming facilities, including gaming tables and electronic gaming machines, as well as luxury accommodations, diverse dining options, and entertainment services. The company also engages in property development, retail business operations, and other related activities within Cambodia.
What do analysts say about NGCRY stock?
Analyst consensus on NGCRY is not available based on the provided data. However, key valuation metrics such as the P/E ratio of 8.72 and a profit margin of 45.2% suggest the company is efficiently generating earnings. Growth considerations include the potential expansion of NagaWorld and increased tourism in Cambodia. Investors should independently assess the company's financial performance, growth prospects, and risk factors to form their own opinion on the stock's investment potential.
What are the main risks for NGCRY?
NagaCorp faces several risks, including increased competition from other gaming destinations in Southeast Asia, changes in government regulations and policies affecting the gaming industry in Cambodia, and economic downturns impacting tourism and gaming spending. Geopolitical risks and instability in the region could also affect the company's operations. Additionally, currency fluctuations between the U.S. dollar and the Cambodian Riel can impact the value of the ADR for U.S. investors. Investors should carefully consider these risks before investing in NGCRY.
What are the key factors to evaluate for NGCRY?
NagaCorp Ltd. (NGCRY) currently holds an AI score of 52/100, indicating moderate score. Key strength: Dominant market position in Cambodia.. Primary risk to monitor: Potential: Increased competition from other gaming destinations in Southeast Asia.. This is not financial advice.
How frequently does NGCRY data refresh on this page?
NGCRY prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven NGCRY's recent stock price performance?
Recent price movement in NagaCorp Ltd. (NGCRY) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Dominant market position in Cambodia.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Should investors consider NGCRY overvalued or undervalued right now?
Determining whether NagaCorp Ltd. (NGCRY) is overvalued or undervalued requires examining multiple metrics. Compare valuation ratios (P/E, P/S, EV/EBITDA) against sector peers for a comprehensive view.
What research should beginners do before buying NGCRY?
Before investing in NagaCorp Ltd. (NGCRY), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on the provided source data.
- AI analysis is pending for NGCRY, which may provide additional insights.
- OTC disclosure level is unknown, requiring further verification.