PlayAGS, Inc.

NYSE:AGS 주식 리포트

시가총액: US$518.0m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

PlayAGS 과거 순이익 실적

과거 기준 점검 5/6

PlayAGS은 연평균 70.1%의 비율로 수입이 증가해 온 반면, Hospitality 산업은 수입이 35.4% 증가했습니다. 매출은 연평균 14.4%의 비율로 증가했습니다. PlayAGS의 자기자본이익률은 43%이고 순이익률은 11.9%입니다.

핵심 정보

70.10%

순이익 성장률

69.88%

주당순이익(EPS) 성장률

Hospitality 산업 성장률19.52%
매출 성장률14.42%
자기자본이익률43.03%
순이익률11.94%
최근 순이익 업데이트31 Mar 2025

최근 과거 실적 업데이트

Recent updates

Seeking Alpha • May 29

PlayAGS: Why Brightstar Capital's Acquisition Makes The Stock A Buy

Summary PlayAGS, Inc. has signed a merger agreement with Brightstar Capital Partners for $12.5 per share. AGS is a provider of betting machines and gaming-related services with potential for growth in the digital entertainment business. PlayAGS, Inc. could be worth more than the proposed valuation, and competitors may launch new offers, making it a good investment opportunity. In my view, these termination fees are not large for a company like PlayAGS, Inc. If other competitors decide to buy the company, the termination fee may not be an issue. Competitors trade at 9x, and even 11x forward EBITDA. PlayAGS, Inc. appears to be trading not far from 5.6x. Read the full article on Seeking Alpha
Seeking Alpha • May 16

The Little Engine That Could, PlayAGS Has Tripled Since 2022 And Has Been Bought

Summary PlayAGS has tripled in value since being listed in 2022 and has been acquired by Brightstar Capital for $12.75 a share. The company's revenue has been steadily growing, with a focus on selling to tribal casinos and diversifying its product lines. The overall outlook for the gaming industry is positive, providing room for growth for small equipment makers like PlayAGS. Read the full article on Seeking Alpha
분석 기사 • Feb 15

A Look At The Intrinsic Value Of PlayAGS, Inc. (NYSE:AGS)

Key Insights The projected fair value for PlayAGS is US$11.63 based on 2 Stage Free Cash Flow to Equity Current share...
분석 기사 • Nov 08

Here's Why PlayAGS (NYSE:AGS) Has A Meaningful Debt Burden

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
분석 기사 • Oct 18

PlayAGS, Inc.'s (NYSE:AGS) Intrinsic Value Is Potentially 72% Above Its Share Price

Key Insights The projected fair value for PlayAGS is US$12.48 based on 2 Stage Free Cash Flow to Equity Current share...
Seeking Alpha • Oct 12

PlayAGS Sees Demand For New Products Though Revenue Growth Settles

Summary PlayAGS, Inc. provides electronic gaming machines, online gaming, and other gaming-related products to the gaming industry in the U.S. and overseas. The company has seen robust demand for its new products and may experience growth with new casino openings and expansions. However, the stock may be fully valued according to my cash flow analysis. I'm Neutral [Hold] on PlayAGS, Inc. shares for the near term. Read the full article on Seeking Alpha
분석 기사 • Jul 13

PlayAGS (NYSE:AGS) Has A Somewhat Strained Balance Sheet

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
분석 기사 • Jun 08

PlayAGS (NYSE:AGS) Is Experiencing Growth In Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Seeking Alpha • Feb 17

PlayAGS Appears Well Positioned For Casino Rebound

Summary PlayAGS reported its Q3 financial results on November 12, 2022. The firm provides an array of gaming products, content and software to casino operators worldwide. While AGS appears positioned to benefit from a return to a ‘normal’ casino business environment, there isn’t much visibility as to when that benefit will show up in the financials. I'm on Hold for AGS in the near term. A Quick Take On PlayAGS PlayAGS (AGS) reported its Q3 2022 financial results on November 12, 2022, beating revenue and EPS estimates. The firm provides electronic gaming machines and online gaming to the gaming industry in the U.S. and overseas. While AGS appears positioned to benefit from a more robust and 'normal' casino business environment, there isn't much visibility as to when that benefit will show up in the financials. Until we gain greater trend visibility, I'm on Hold for PlayAGS. PlayAGS Overview Las Vegas, NV-based PlayAGS was founded in 2005 as a commercial gaming supplier. AGS offers electronic slot machines, table games and equipment, and social online casinos for B2B and B2C. Management is headed by President and CEO David Lopez, who has been with the firm since 2014. Lopez was previously the President of Global Cash Access from 2012 - 2014 and COO of Shuffle Master from 1998 - 2011. PlayAGS offers products in three segments: Table Products, Interactive Social Casino Games, and Electronic Gaming Machines [EGM]. The company is a leading designer and supplier of EGMs and related products and services. The company's geographic focus has been North America with office locations in California, Texas, Nevada, Oklahoma, and Georgia. AGS has hundreds of employees around the globe including Australia, Israel, and Mexico. PlayAGS's Market According to a 2022 market research report by Data Bridge Market Research, the Global Casino Gaming Equipment market size was an estimated $7.1 billion in 2021 and is forecast to reach $11.1 billion by 2029. This represents a projected CAGR (Compound Annual Growth Rate) of 5.5% during the period of 2022 to 2029. The main factors driving the market's growth are the growing popularity of reconfigurable electronic gaming machines and an increase in casino gaming worldwide. Also, due to being user-friendly and easily upgradeable to different games, EGMs are gaining popularity in modern casinos. A key market challenge is the availability of substitutes such as lotteries, horse race betting, sports betting, and casino games. Constant innovation is required in the industry to remain competitive. The company went public in January 2018 at a price of $16.00 per share. PlayAGS's Recent Financial Performance Total revenue by quarter has risen according to the following chart: Total Revenue (Seeking Alpha) Gross profit margin by quarter has trended lower in recent quarters: Gross Profit Margin (Seeking Alpha) Selling, G&A expenses as a percentage of total revenue by quarter have also trended lower more recently: Selling, G&A % Of Revenue (Seeking Alpha) Operating income by quarter has grown in recent reporting periods: Operating Income (Seeking Alpha) Earnings per share (Diluted) have turned positive recently: Earnings Per Share (Seeking Alpha) (All data in the above charts is GAAP) In the past 12 months, AGS's stock price has fallen 219.4% vs. that of the International Game Technology PLC's drop of 11.3%, as the chart indicates below: 52-Week Stock Price Comparison (Seeking Alpha) Valuation And Other Metrics For PlayAGS Below is a table of relevant capitalization and valuation figures for the company: Measure [TTM] Amount Enterprise Value / Sales 2.6 Price / Sales 0.8 Revenue Growth Rate 26.2% Market Capitalization $247,700,160 Enterprise Value $774,783,170 Operating Cash Flow $76,709,000 Earnings Per Share (Fully Diluted) -$0.54 (Source - Seeking Alpha) As a reference, a relevant partial public comparable would be International Game Technology PLC (IGT); shown below is a comparison of their primary valuation metrics: Metric [TTM] International Game Technology PlayAGS, Inc. Variance Enterprise Value / Sales 2.7 2.6 -3.0% Revenue Growth Rate 6.5% 26.2% 301.7% Operating Cash Flow $1,020,000,000 $76,709,000 -92.5% (Source - Seeking Alpha) Commentary On PlayAGS In its last earnings call (Source - Seeking Alpha), covering Q3 2022's results, management highlighted the improving recurring revenue aspects of the firm's business mix due to the expansion of its premium game offerings. The company also noted the launch of its Spectra gaming cabinet, 'with a reported performance at nearly 3x house average.' AGS has revamped its game development team, providing 'added depth and variety' for its growing content portfolio. As to its financial results, total revenue rose 16.3% year-over-year, while gross profit margin dipped, likely due to a shift in activity toward the 'for sale' market with lower margins than the recurring revenue model. Management did not disclose any company retention rate metrics. SG&A expenses continued to moderate, assisting the firm's results for operating income and earnings per share. For the balance sheet, the company ended the quarter with $43.1 million in cash, equivalents and short-term investments. Over the trailing twelve months, free cash flow was $31.1 million, of which capital expenditures accounted for a hefty $45.6 million. The company paid $16.4 million in stock-based compensation in the last four quarters. Management said it doesn't expect additional casino closings after a period of some scale reduction due to the pandemic.
Seeking Alpha • Jan 24

PlayAGS signs deal for online games with Caesars Sportsbook & Casino

PlayAGS (NYSE:AGS) on Tuesday announced a new online game content partnership with Caesars Sportsbook & Casino. AGS said it will provide Caesars with a variety of its high-performing online game content, to boost the operator's online real-money gaming operations. Other financial terms of the partnership were not disclosed.
Seeking Alpha • Nov 08

PlayAGS GAAP EPS of $0.01 beats by $0.02, revenue of $78.26M beats by $2.44M

PlayAGS press release (NYSE:AGS): Q3 GAAP EPS of $0.01 beats by $0.02. Revenue of $78.26M (+16.3% Y/Y) beats by $2.44M.
Seeking Alpha • Oct 27

PlayAGS: This Small Gaming Equipment Maker Shows Resilience And Possible Upside Ahead

Summary In 2020, we looked at the gaming equipment sector and saw a niche operator punching above its weight. A possible takeover deal spiked the stock last month. But we agree with management's rejection at $10. The secret sauce here is the company's strength in the tribal market. My casino management career was born with the early days of proliferation of legal states beyond Nevada from the early 80s through the 2000s. During that time, I watched the rise of relatively small, tech innovative slot machine makers ride a wave that ultimately brought them into the ranks of dominant sector giants. Before the tech explosion in the early era, slot sales were dominated by Chicago-based Bally Manufacturing, which literally owned the market. But as gaming expanded, new contenders entered the fray and went mano y mano with Bally. Companies like the original IGT which pioneered video slots, Williams an arcade games maker, Aristocrat Leisure of Australia and Scientific games which evolved from a scratch off lottery supplier. Now, the field is a multi-billion dollar diverse sector of huge international manufacturers of slots and table games, online wagering technology and social gaming marketers. Lost in the shuffle, as it were, is that niche operator we highlighted back in 2020: PlayAGS (AGS). Its buy story was straightforward: It had created a firm niche of sales to tribal casinos that was real and growing. And it also had toe-dipped and was increasing its installed base in Latin America, specifically Mexico. So what has happened since my first look at this nimble little company is that it has managed to thrive in its niche and live through the pandemic. It now sits at a price we find attractive relative to the giants in the field. It had spiked 17% last month on the heels of a $10 a share takeover bid from Inspired Entertainment (INSE). PlayAGS rejected the offer and the stock dipped. At writing, it traded at $6.45 a share. Data by YCharts Above: On the dip now, the timing is right for an entry point. Our thesis going forward: We don’t think the INSE bid is the last one the company will see. While it's not in play as such, the fundamentals going forward suggest to us that it remains a tasty possible target for a large acquirer looking for a path to enhance its access to the lucrative tribal market for slots and table games that PlayAGS enjoys. Makers in the slot business historically found their way from outlier mini-market share marketers to mainstream suppliers usually found their mojo with breakthrough games. This was clearly the case with IGT and their video blackjack and poker machines, Aristocrat with their introduction of the wide-body cabinets that dominate today. Add domestic legalizations and international growth and you had the formula for small operators to enter the billion-dollar stage after lots of tech design and feature breakthroughs. google That's not the case here. This company’s product lines, which I have reviewed, provide diversity, innovation and good tech research showing up on both their slots and games products. They have three main streams of revenue: Slots, table games and interactive. The product line as I saw it at the most recent gaming show in Vegas included 37 new games, card shufflers and an interesting blackjack side bet product we think has good potential ahead. The company has a surprising game library for a maker of its size in the Class II and Class III machines plus an entry into the revived Historical Horse Racing games. FYH: The horse racing slots are nothing new. They date way back into the Vegas days. It's merely a slot machine that instead of displaying fruit symbols, runs film loops of horse races set deep into history and players bet on the winners. Dramatic improvements from the old, gritty film loops to the best of what tech can do today have breathed new life into the games. Given the sector's assemblage of giants both in games development and financial heft, it's somewhat remarkable in this age that a small operator can not only compete, but grow with savvy marketing. That PlayAGS has done by intense concentration on keeping products fresh and diverse, tightly focused on increasing both its sales and installed base of progressives in the tribal gaming area. That segment doubled in units over 3Q22 to 838, up 40%. While tribal casinos dot every type of market in most legal states, they generally are located in more isolated pieces of geography than do commercial casinos. Because of that, tribal casinos have fared well during the pandemic due to their locales and this has helped propel PlayAGS results. PlayAGS Data Highlights 52- week range: $4.21--$10.45 Market cap: $234m Forward P/E: 11.34 Balance sheet (mrq) Cash: $47m Total debt: $571m. Current ratio: 2.2 Analyst forward Earning estimates 2022: - ($0.03) Pandemic a factor. 2023E: $0.19 forward momentum from growth in all three revenue streams ahead. Revenue: 2022E: $301m 2023E: $315m TTM Operating cash flow: $77.3m Levered sash flow: $42m EBITDA: $108M The rationale for a buy case Generally buying a stock on the basis of its being cheap but offering nothing else is a losing game. That’s understood. But the attractive entry point we see here at $6.50 a share for a company that has managed to sustain its business and grow during a difficult run of macro headwinds is a real story. Clearly what you're buying here is not so much a David and Goliath story, but one of resiliency in the face of multiple challenges in a sector where only giants can reasonably be expected to tread. The sheer cost of recruiting top tech game development talent, financing long duration research into innovation is monumental. Add to that the massive investment the giants in the field have made in establishing a network of branch sales and tech support offices globally brings an ever-mounting level of debt for them to remain competitive. So here we have a mini-cap company, operating in a high-cost field, under the continuing gun of the pandemic, beset by the price of poker as it were, being raised by the big guns in the business an PlayAGS remains viable.
분석 기사 • Sep 09

PlayAGS (NYSE:AGS) Takes On Some Risk With Its Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Aug 12

PlayAGS skyrockets 30% on report of bid from Inspired Entertainment

PlayAGS(NYSE:AGS) jumped 30% on a report that Inspired Entertainment (NASDAQ:INSE) made an offer to purchase the slot machine maker. Inspired made a $370 million, or $10/share, bid for PlayAGS (AGS), according to a Reuters report, which cited people familiar. There's no certainty any deal will be reached. Developing story ...
Seeking Alpha • Jul 14

Casino stock, PlayAGS sees lowered price target at Deutsche amid a mixed bag of upside and downside risks

Deutsche Bank lowered PlayAGS (NYSE:AGS) price target to $11 from $12 while maintaining its Hold rating; the rating is a part of the bank's target price changes for Gaming Equipment Suppliers including - International Game Technology (IGT) and Light & Wonder (LNW). IGT target was reduced to $35 from $37 while LNW was slashed to $48 from $53. Analyst indicate upside risks for AGS to be - continuation of stronger than historical slot GGR trends in domestic markets, potential re-acceleration of EGM sales, quicker than expected resolution to the gaming operations headwinds facing the company and a quicker-than-expected turnaround in the Interactive segment. Quick look at latest Q1 2022 financial performance:
분석 기사 • Jun 22

PlayAGS' (NYSE:AGS) Returns On Capital Are Heading Higher

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
분석 기사 • Jun 01

PlayAGS (NYSE:AGS) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

매출 및 비용 세부 내역

PlayAGS가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.

순이익 및 매출 추이

NYSE:AGS 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 25394477949
31 Dec 24395487947
30 Sep 2438677745
30 Jun 2437647843
31 Mar 2436957543
31 Dec 2335707442
30 Sep 2334437441
30 Jun 2333347141
31 Mar 2332046840
31 Dec 22309-86840
30 Sep 22298-207040
30 Jun 22287-226939
31 Mar 22277-277038
31 Dec 21260-236436
30 Sep 21236-316133
30 Jun 21218-405630
31 Mar 21168-794826
31 Dec 20167-854726
30 Sep 20198-674728
30 Jun 20228-615331
31 Mar 20286-265934
31 Dec 19305-126334
30 Sep 19299-246234
30 Jun 19295-146033
31 Mar 19293-116131
31 Dec 18285-216332
30 Sep 18271-196231
30 Jun 18252-275630
31 Mar 18229-425129
31 Dec 17212-454426
30 Sep 17197-573923
30 Jun 17182-744323
31 Mar 17174-734422
31 Dec 16167-814621
30 Sep 16164-704822
30 Jun 16161-724920
31 Mar 16145-504718
31 Dec 15123-394014
30 Sep 15102-393410
30 Jun 1583-24267
31 Mar 1574-33206
31 Dec 1472-28195
30 Sep 1468-9204

양질의 수익: AGS는 고품질 수익을 보유하고 있습니다.

이익 마진 증가: AGS의 현재 순 이익률 (11.9%)은 지난해 (1.3%)보다 높습니다.

잉여현금흐름 대비 순이익 분석

과거 순이익 성장 분석

수익추이: AGS는 지난 5년 동안 흑자전환하며 연평균 70.1%의 수익 성장을 기록했습니다.

성장 가속화: 지난 1년간 AGS 의 수익 증가율(891.3%)은 연간 평균(70.1%)을 초과합니다.

수익 대 산업: AGS의 지난 1년 수익 증가율(891.3%)은 Hospitality 업계의 10.1%를 상회했습니다.

자기자본이익률

높은 ROE: AGS의 자본 수익률(43.03%)은 뛰어남이지만 높은 부채 수준으로 인해 왜곡되어 있습니다.

총자산이익률

투하자본수익률

우수한 과거 실적 기업을 찾아보세요

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기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2025/06/30 14:20
종가2025/06/30 00:00
수익2025/03/31
연간 수익2024/12/31

데이터 소스

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패키지데이터기간미국 소스 예시 *
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시장 가격30년
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지분 구조10년
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경영진10년
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분석가 소스

PlayAGS, Inc.는 7명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Shaun KelleyBofA Global Research
Carlo SantarelliDeutsche Bank
David KatzJefferies LLC