Coast Entertainment Holdings Limited

Kalkine’s Global Travel & Leisure Report offers a comprehensive view of the key companies and evolving trends across the travel value chain covering countries including US, Canada, Australia, UK, and New Zealand. This includes airlines, hospitality chains, digital travel platforms, as well as the rapidly growing leisure, entertainment, and gaming segments that are redefining the way people engage with travel experiences.

The Australian theme park industry is an important part of the nation’s leisure and tourism sector, centered on the Gold Coast precinct in Queensland, which hosts many of the country’s major attractions. The sector benefits from steady domestic demand, as Australians continue to prioritise leisure and experiences, alongside a gradual recovery in international tourism. The industry was affected by COVID-19, which led to temporary closures and reduced visitor numbers, but it has since been recovering steadily.

Current growth is supported by new ride additions, IP-based events, and bundled ticketing strategies, while Australia’s reputation as a safe, family-friendly destination and the Gold Coast’s role as a visitor hub provide a favorable operating environment. International visitor arrivals remain an important growth driver, particularly for destination parks, with arrivals recovering steadily from 2.38 million in January 2025 to 2.07 million in July 2025.

The outlook for Australian theme parks remains positive, supported by steady domestic demand and a gradual return of international visitors. Operators are likely to benefit from new attractions, seasonal events, and enhanced experiences that encourage repeat visits. Revenue growth may also be supported by ticketing bundles, annual passes, and improvements in dining and retail offerings. While cost pressures from labour, energy, and imported ride components may affect margins, overall conditions suggest a continued moderate expansion for the sector over the next few years.

The Australian theme park industry is supported by several factors that help maintain and expand visitor engagement, revenue, and operational efficiency:

Kalkine’s Global Travel & Leisure Report covers the Investment Highlights, Key Financial Metrics, Risks, Technical Analysis along with the Valuation, Target Price, and Recommendation on Coast Entertainment Holdings Limited (ASX: CEH).

Section 1: Company Overview and Fundamentals Insights

Company Overview: Coast Entertainment Holdings Limited (ASX: CEH) is an Australia-based company, which invests and operates leisure and entertainment businesses. The company's theme parks and attractions business include Dreamworld and WhiteWater World in Coomera, Queensland and the SkyPoint observation deck and climb in Surfers Paradise, Queensland. Kalkine’s Global Tariff Report covers the Investment Highlights, Key Financial Metrics, Risks, and Technical Analysis along with the Valuation, Target Price, and Recommendation on the stock.

1.2 The Key Positives, Negatives, Investment Highlights, and Risks

1.3 Top 10 Shareholders:

The top 10 shareholders together form ~62.43% of the total shareholding. Spheria Asset Management Pty Limited and Argo FIL Investment Management (Australia) Limited hold maximum stakes of 19.09% and 10.82%, respectively. 

1.4 Key Metrics: CEH’s Net Margin increased to 6.40% in H1FY25 compared to -16.8% in H1FY24. Below is captured other metrics:

Section 2: Business Updates, Financial and Operational Highlights

2.1 Recent Business Updates:

2.2 H1FY25 Results Highlights (for the 06 months ended 24 December 2024): Below mentioned are some key financial highlights:  

2.3 Historical Financial Trend

Section 3: Key Risks and Outlook:

Section 4: Stock Recommendation Summary

4.1 Price Performance and Technical Summary

The stock has decreased by ~10.84% in the last three months, whereas over the past one year, stock has decreased by ~26.00%. The stock has a 52-week low and 52-week high of AUD 0.317 and AUD 0.535, respectively, and is currently trading below the 52-week high-low average. The CEH was last covered in a report dated ‘24 December 2024’.

4.2 Fundamental Valuation and Stock Recommendation

Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.

Note 1: Past performance is neither an indicator nor a guarantee of future performance. 

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 21 August 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided have been achieved and is subject to the factors discussed above.

Note 4: Dividend Yield may vary as per the stock price movement.

Note 5: Kalkine reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice. 

Technical Indicators Defined: -

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.