Forsyth Barr forecasts SkyCity free cash flow yield could reach 20% in FY28
Forsyth Barr analysts said SkyCity could generate higher cash flow after completing major capital projects, including the New Zealand International Convention Centre and the SkyCity Adelaide expansion. They forecast a free cash flow yield above 14% in FY26 and said it could reach about 20% in FY28 if the company sells three marketed assets and adjusts maintenance spending.
The analysts’ projections may inform investor expectations for SkyCity’s cash generation and dividends.