ASX:AGI

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Ainsworth Game Technology

Executive Summary

Ainsworth Game Technology Limited designs, develops, produces, leases, sells, and services gaming machines, and other related equipment and services.

Rewards

Trading at 10.6% below our estimate of its fair value

Earnings are forecast to grow 126.76% per year

Risk Analysis

No risks detected for AGI from our risk checks.


Snowflake Analysis

Adequate balance sheet with reasonable growth potential.


Similar Companies

Share Price & News

How has Ainsworth Game Technology's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AGI has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

6.0%

AGI

5.3%

AU Hospitality

3.6%

AU Market


1 Year Return

-35.5%

AGI

-20.2%

AU Hospitality

-10.7%

AU Market

Return vs Industry: AGI underperformed the Australian Hospitality industry which returned -20.2% over the past year.

Return vs Market: AGI underperformed the Australian Market which returned -10.7% over the past year.


Shareholder returns

AGIIndustryMarket
7 Day6.0%5.3%3.6%
30 Day-2.2%0.8%3.1%
90 Day11.3%37.5%21.3%
1 Year-35.5%-35.5%-16.4%-20.2%-7.1%-10.7%
3 Year-79.7%-80.3%-7.3%-17.5%17.6%2.0%
5 Year-81.5%-83.1%35.6%9.4%36.1%6.6%

Price Volatility Vs. Market

How volatile is Ainsworth Game Technology's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ainsworth Game Technology undervalued compared to its fair value and its price relative to the market?

10.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AGI (A$0.45) is trading below our estimate of fair value (A$0.5)

Significantly Below Fair Value: AGI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AGI is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: AGI is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AGI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AGI is good value based on its PB Ratio (0.5x) compared to the AU Hospitality industry average (1x).


Next Steps

Future Growth

How is Ainsworth Game Technology forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

126.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AGI is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.3%).

Earnings vs Market: AGI is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AGI's is expected to become profitable in the next 3 years.

Revenue vs Market: AGI's revenue (11.9% per year) is forecast to grow faster than the Australian market (4.2% per year).

High Growth Revenue: AGI's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AGI's Return on Equity is forecast to be low in 3 years time (0.8%).


Next Steps

Past Performance

How has Ainsworth Game Technology performed over the past 5 years?

-32.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AGI is currently unprofitable.

Growing Profit Margin: AGI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AGI is unprofitable, and losses have increased over the past 5 years at a rate of -32.9% per year.

Accelerating Growth: Unable to compare AGI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AGI is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-5.5%).


Return on Equity

High ROE: AGI has a negative Return on Equity (-1.35%), as it is currently unprofitable.


Next Steps

Financial Health

How is Ainsworth Game Technology's financial position?


Financial Position Analysis

Short Term Liabilities: AGI's short term assets (A$241.6M) exceed its short term liabilities (A$43.0M).

Long Term Liabilities: AGI's short term assets (A$241.6M) exceed its long term liabilities (A$45.1M).


Debt to Equity History and Analysis

Debt Level: AGI's debt to equity ratio (7.5%) is considered satisfactory.

Reducing Debt: AGI's debt to equity ratio has increased from 0.04% to 7.5% over the past 5 years.

Debt Coverage: AGI's debt is well covered by operating cash flow (161.8%).

Interest Coverage: Insufficient data to determine if AGI's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Ainsworth Game Technology current dividend yield, its reliability and sustainability?

0.87%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AGI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AGI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AGI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AGI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AGI is not paying a notable dividend for the Australian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AGI's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

12.3yrs

Average management tenure


CEO

Lawrence Levy

1

Tenure

Mr Lawrence Levy has been Chief Executive Officer of Ainsworth Game Technology Limited since July 1, 2019 and serves as its Director. Mr. Levy has held senior positions within the gaming industry over a su ...


Leadership Team

NamePositionTenureCompensationOwnership
Mark Ludski
CFO & Company Secretaryno dataAU$539.59k0.0030% A$4.5k
V. Bruzzese
General Manager of Technical Services12.33yrsAU$376.30k0.00023% A$344.7
Lawrence Levy
CEO & Director1yrno datano data
Barry Marchini
Head of UK Operations15.67yrsno datano data

12.3yrs

Average Tenure

Experienced Management: AGI's management team is seasoned and experienced (12.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Lawrence Levy
CEO & Director1yrno datano data
Colin Henson
Independent Non Executive Director7.25yrsAU$166.44k0.040% A$60.2k
Graeme Campbell
Lead Independent Director7.08yrsAU$295.65k0.12% A$173.2k
Daniel Gladstone
Chairman0.67yrAU$727.66k0.052% A$77.8k
Michael Yates
Independent Non-Executive Director10.58yrsAU$170.82k0.013% A$19.4k
Harald Michael Neumann
Independent Non-Executive Director3.42yrsno datano data

7.1yrs

Average Tenure

65yo

Average Age

Experienced Board: AGI's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Ainsworth Game Technology Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ainsworth Game Technology Limited
  • Ticker: AGI
  • Exchange: ASX
  • Founded: 1995
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: AU$149.873m
  • Shares outstanding: 336.79m
  • Website: https://www.agtslots.com.au

Location

  • Ainsworth Game Technology Limited
  • 10 Holker Street
  • Newington
  • New South Wales
  • 2127
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AINS.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2001
AGIASX (Australian Securities Exchange)YesOrdinary SharesAUAUDDec 2001
AGICHIA (Chi-X Australia)YesOrdinary SharesAUAUDDec 2001

Biography

Ainsworth Game Technology Limited designs, develops, produces, leases, sells, and services gaming machines, and other related equipment and services. The company operates in the online gaming markets, including social gaming and licensed ‘Real Money’ gambling markets. It has operations in Australia, the Americas, Europe, New Zealand, Asia, and internationally. The company was founded in 1995 and is headquartered in Newington, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/03 10:33
End of Day Share Price2020/07/03 00:00
Earnings2019/12/31
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.