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Ainsworth Game Technology

ASX:AGI
Snowflake Description

Excellent balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AGI
ASX
A$241M
Market Cap
  1. Home
  2. AU
  3. Consumer Services
Company description

Ainsworth Game Technology Limited designs, develops, produces, leases, sells, and services gaming machines, and other related equipment and services. The last earnings update was 139 days ago. More info.


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AGI Share Price and Events
7 Day Returns
5.3%
ASX:AGI
0.7%
AU Hospitality
-0.6%
AU Market
1 Year Returns
-33%
ASX:AGI
-10.2%
AU Hospitality
5.1%
AU Market
AGI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ainsworth Game Technology (AGI) 5.3% -2.8% -12.5% -33% -66.3% -81.3%
AU Hospitality 0.7% 0.7% 2.3% -10.2% 18.2% 54.3%
AU Market -0.6% 2.3% 6.8% 5.1% 21.2% 13.1%
1 Year Return vs Industry and Market
  • AGI underperformed the Hospitality industry which returned -10.2% over the past year.
  • AGI underperformed the Market in Australia which returned 5.1% over the past year.
Price Volatility
AGI
Industry
5yr Volatility vs Market

AGI Value

 Is Ainsworth Game Technology undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Ainsworth Game Technology to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Ainsworth Game Technology.

ASX:AGI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 7 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.7%
Perpetual Growth Rate 10-Year AU Government Bond Rate 2.3%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ASX:AGI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year AU Govt Bond Rate 2.3%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.923 (1 + (1- 30%) (26.84%))
1.065
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.06
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.065 * 5.96%)
8.66%

Discounted Cash Flow Calculation for ASX:AGI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ainsworth Game Technology is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

ASX:AGI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 8.66%)
2020 20.00 Analyst x1 18.41
2021 24.00 Analyst x1 20.33
2022 19.72 Est @ -17.83% 15.37
2023 17.40 Est @ -11.78% 12.48
2024 16.08 Est @ -7.56% 10.62
2025 15.34 Est @ -4.6% 9.32
2026 14.96 Est @ -2.52% 8.36
2027 14.80 Est @ -1.07% 7.62
2028 14.79 Est @ -0.06% 7.00
2029 14.88 Est @ 0.65% 6.49
Present value of next 10 years cash flows A$116.01
ASX:AGI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$14.88 × (1 + 2.31%) ÷ (8.66% – 2.31%)
A$240.02
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$240.02 ÷ (1 + 8.66%)10
A$104.64
ASX:AGI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$116.01 + A$104.64
A$220.65
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$220.65 / 336.79
A$0.66
ASX:AGI Discount to Share Price
Calculation Result
Value per share (AUD) From above. A$0.66
Current discount Discount to share price of A$0.70
= -1 x (A$0.70 - A$0.66) / A$0.66
-6.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Ainsworth Game Technology is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Ainsworth Game Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ainsworth Game Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:AGI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.11
ASX:AGI Share Price ** ASX (2019-07-15) in AUD A$0.7
Australia Hospitality Industry PE Ratio Median Figure of 16 Publicly-Listed Hospitality Companies 17.65x
Australia Market PE Ratio Median Figure of 546 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Ainsworth Game Technology.

ASX:AGI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:AGI Share Price ÷ EPS (both in AUD)

= 0.7 ÷ 0.11

6.55x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ainsworth Game Technology is good value based on earnings compared to the AU Hospitality industry average.
  • Ainsworth Game Technology is good value based on earnings compared to the Australia market.
Price based on expected Growth
Does Ainsworth Game Technology's expected growth come at a high price?
Raw Data
ASX:AGI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.55x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
-7.9%per year
Australia Hospitality Industry PEG Ratio Median Figure of 14 Publicly-Listed Hospitality Companies 1.68x
Australia Market PEG Ratio Median Figure of 361 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

ASX:AGI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.55x ÷ -7.9%

-0.83x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ainsworth Game Technology earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ainsworth Game Technology's assets?
Raw Data
ASX:AGI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$1.30
ASX:AGI Share Price * ASX (2019-07-15) in AUD A$0.7
Australia Hospitality Industry PB Ratio Median Figure of 24 Publicly-Listed Hospitality Companies 1.43x
Australia Market PB Ratio Median Figure of 1,693 Publicly-Listed Companies 1.68x
ASX:AGI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:AGI Share Price ÷ Book Value per Share (both in AUD)

= 0.7 ÷ 1.30

0.54x

* Primary Listing of Ainsworth Game Technology.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ainsworth Game Technology is good value based on assets compared to the AU Hospitality industry average.
X
Value checks
We assess Ainsworth Game Technology's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Ainsworth Game Technology has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AGI Future Performance

 How is Ainsworth Game Technology expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ainsworth Game Technology expected to grow at an attractive rate?
  • Ainsworth Game Technology's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Ainsworth Game Technology's earnings are expected to decrease over the next 1-3 years, this is below the Australia market average.
  • Ainsworth Game Technology's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
Raw Data
ASX:AGI Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:AGI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts -7.9%
ASX:AGI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 3.4%
Australia Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 15.8%
Australia Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.6%
Australia Market Earnings Growth Rate Market Cap Weighted Average 7.3%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:AGI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:AGI Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 262 43 19 5
2020-06-30 250 28 18 7
2019-06-30 239 50 18 7
ASX:AGI Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 263 42 34
2018-09-30 264 30 33
2018-06-30 266 18 32
2018-03-31 273 12 29
2017-12-31 280 5 27
2017-09-30 281 5 32
2017-06-30 282 5 38
2017-03-31 274 24 41
2016-12-31 266 43 43
2016-09-30 276 48 49
2016-06-30 285 53 56
2016-03-31 278 39 62

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Ainsworth Game Technology's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Ainsworth Game Technology's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:AGI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Ainsworth Game Technology Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AGI Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30 0.06 0.07 0.04 4.00
2020-06-30 0.05 0.10 0.04 6.00
2019-06-30 0.05 0.09 0.03 5.00
ASX:AGI Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.11
2018-09-30 0.10
2018-06-30 0.10
2018-03-31 0.09
2017-12-31 0.08
2017-09-30 0.10
2017-06-30 0.12
2017-03-31 0.12
2016-12-31 0.13
2016-09-30 0.15
2016-06-30 0.17
2016-03-31 0.19

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Ainsworth Game Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Ainsworth Game Technology's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Ainsworth Game Technology has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AGI Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Ainsworth Game Technology's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Ainsworth Game Technology's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Ainsworth Game Technology's 1-year earnings growth exceeds its 5-year average (27.6% vs -17.4%)
  • Ainsworth Game Technology's earnings growth has exceeded the AU Hospitality industry average in the past year (27.6% vs 23.2%).
Earnings and Revenue History
Ainsworth Game Technology's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Ainsworth Game Technology Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:AGI Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 263.27 34.43 88.57 36.99
2018-09-30 264.43 33.18 85.71 35.70
2018-06-30 265.58 31.94 82.86 34.41
2018-03-31 272.63 29.46 80.32 33.33
2017-12-31 279.67 26.99 77.77 32.26
2017-09-30 280.88 32.46 78.06 33.21
2017-06-30 282.08 37.93 78.35 34.16
2017-03-31 274.19 40.55 77.23 33.71
2016-12-31 266.30 43.17 76.11 33.25
2016-09-30 275.89 49.44 73.96 30.92
2016-06-30 285.48 55.70 71.81 28.58
2016-03-31 278.05 62.27 69.28 27.91
2015-12-31 270.63 68.84 66.75 27.24
2015-09-30 255.63 69.60 62.15 26.34
2015-06-30 240.64 70.35 57.55 25.43
2015-03-31 237.45 65.45 54.77 25.83
2014-12-31 234.26 60.54 51.99 26.22
2014-09-30 239.19 61.06 51.45 26.30
2014-06-30 244.12 61.57 50.91 26.38
2014-03-31 233.79 63.73 48.25 25.42
2013-12-31 223.46 65.90 45.59 24.46
2013-09-30 210.80 59.05 44.15 23.81
2013-06-30 198.15 52.20 42.70 23.16
2013-03-31 188.47 48.99 41.83 22.76
2012-12-31 178.80 45.78 40.95 22.36
2012-09-30 164.72 55.03 38.25 20.49

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Ainsworth Game Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Ainsworth Game Technology used its assets less efficiently than the AU Hospitality industry average last year based on Return on Assets.
  • Ainsworth Game Technology's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ainsworth Game Technology's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Ainsworth Game Technology has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AGI Health

 How is Ainsworth Game Technology's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Ainsworth Game Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ainsworth Game Technology is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ainsworth Game Technology's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ainsworth Game Technology's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Ainsworth Game Technology Company Filings, last reported 6 months ago.

ASX:AGI Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 393.99 64.64 51.69
2018-09-30 393.99 64.64 51.69
2018-06-30 378.80 71.72 35.67
2018-03-31 378.80 71.72 35.67
2017-12-31 352.21 67.88 28.67
2017-09-30 352.21 67.88 28.67
2017-06-30 344.64 65.50 21.09
2017-03-31 344.64 65.50 21.09
2016-12-31 328.44 69.56 27.41
2016-09-30 328.44 69.56 27.41
2016-06-30 315.89 67.72 26.43
2016-03-31 315.89 67.72 26.43
2015-12-31 300.54 16.54 17.92
2015-09-30 300.54 16.54 17.92
2015-06-30 280.49 9.14 45.86
2015-03-31 280.49 9.14 45.86
2014-12-31 258.00 0.00 58.67
2014-09-30 258.00 0.00 58.67
2014-06-30 235.30 0.00 71.93
2014-03-31 235.30 0.00 71.93
2013-12-31 224.71 0.00 61.02
2013-09-30 224.71 0.00 61.02
2013-06-30 204.42 0.00 40.14
2013-03-31 204.42 0.00 40.14
2012-12-31 183.64 0.82 41.11
2012-09-30 183.64 0.82 41.11
  • Ainsworth Game Technology's level of debt (16.4%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0.4% vs 16.4% today).
  • Debt is well covered by operating cash flow (65.4%, greater than 20% of total debt).
  • Ainsworth Game Technology earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ainsworth Game Technology's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Ainsworth Game Technology has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AGI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
7.14%
Current annual income from Ainsworth Game Technology dividends. Estimated to be 3.48% next year.
If you bought A$2,000 of Ainsworth Game Technology shares you are expected to receive A$143 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Ainsworth Game Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Australia (2.53%).
  • Ainsworth Game Technology's dividend is above the markets top 25% of dividend payers in Australia (5.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:AGI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
Australia Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 17 Stocks 3.3%
Australia Market Average Dividend Yield Market Cap Weighted Average of 416 Stocks 4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.5%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:AGI Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30 0.04 4.00
2020-06-30 0.02 6.00
2019-06-30 0.01 6.00
ASX:AGI Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2018-08-29 0.050 5.901
2018-02-27 0.030 2.262
2017-08-29 0.000 0.000
2017-02-21 0.000 0.000
2016-08-23 0.100 5.057
2016-02-23 0.100 4.402
2015-08-18 0.100 3.967
2015-02-24 0.100 3.612
2014-08-26 0.100 3.687
2014-02-24 0.100 2.569
2013-08-27 0.100 2.331
2013-02-26 0.060 1.606

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Ainsworth Game Technology has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Ainsworth Game Technology has only been paying a dividend for 6 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Ainsworth Game Technology's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Ainsworth Game Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.5%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Ainsworth Game Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ainsworth Game Technology has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AGI Management

 What is the CEO of Ainsworth Game Technology's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lawrence Levy
TENURE AS CEO 0 years
CEO Bio

Mr Lawrence Levy has been Chief Executive Officer of Ainsworth Game Technology Limited since July 1, 2019. Mr Levy has held senior positions within the gaming industry over a successful career spaning 37 years. Until recently he held the position of Vice President Global Sales at Novomatic AG Austria, having previously held roles in operational and sales areas within Central and South America.

CEO Compensation
  • Insufficient data for Lawrence to compare compensation growth.
  • Insufficient data for Lawrence to establish whether their remuneration is reasonable compared to companies of similar size in Australia.
Management Team Tenure

Average tenure of the Ainsworth Game Technology management team in years:

11.3
Average Tenure
  • The average tenure for the Ainsworth Game Technology management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Mark Ludski

TITLE
CFO & Company Secretary
COMPENSATION
A$508K

K. Power

TITLE
Chief Technology Officer
COMPENSATION
A$944K
TENURE
2.5 yrs

V. Bruzzese

TITLE
General Manager of Technical Services
COMPENSATION
A$355K
TENURE
11.3 yrs

Lawrence Levy

TITLE
Chief Executive Officer

Barry Marchini

TITLE
Head of UK Operations
TENURE
14.7 yrs
Board of Directors Tenure

Average tenure and age of the Ainsworth Game Technology board of directors in years:

4.9
Average Tenure
63
Average Age
  • The tenure for the Ainsworth Game Technology board of directors is about average.
Board of Directors

Graeme Campbell

TITLE
Chairman & Lead Independent Non-Executive Director
COMPENSATION
A$296K
AGE
62
TENURE
2.7 yrs

Michael Yates

TITLE
Independent Non-Executive Director
COMPENSATION
A$171K
AGE
65
TENURE
9.6 yrs

Colin Henson

TITLE
Independent Non-Executive Director
COMPENSATION
A$166K
AGE
71
TENURE
6.3 yrs

Danny Gladstone

TITLE
Non-Executive Director
COMPENSATION
A$912K
AGE
64
TENURE
9.4 yrs

Heather Scheibenstock

TITLE
Independent Non-Executive Director
COMPENSATION
A$157K
AGE
51
TENURE
3.5 yrs

Harald Michael Neumann

TITLE
Non-Executive Director
AGE
57
TENURE
2.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
30. Apr 19 Buy Spheria Asset Management Pty Ltd Company 18. Dec 18 30. Apr 19 2,708,854 A$0.85 A$2,204,937
21. Dec 18 Buy Michael Yates Individual 21. Dec 18 21. Dec 18 13,000 A$0.79 A$10,308
29. Nov 18 Buy Daniel Gladstone Individual 28. Nov 18 28. Nov 18 50,000 A$0.79 A$39,500
13. Sep 18 Buy Heather Scheibenstock Individual 10. Sep 18 13. Sep 18 15,000 A$1.10 A$16,380
10. Sep 18 Buy Graeme Campbell Individual 07. Sep 18 07. Sep 18 20,000 A$1.08 A$21,600
30. Aug 18 Buy Daniel Gladstone Individual 30. Aug 18 30. Aug 18 30,000 A$1.15 A$34,500
X
Management checks
We assess Ainsworth Game Technology's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Ainsworth Game Technology has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AGI News

Simply Wall St News

Why Ainsworth Game Technology Limited’s (ASX:AGI) Return On Capital Employed Looks Uninspiring

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Understanding Return On Capital Employed (ROCE). … Analysts use this formula to calculate return on capital employed:

Simply Wall St -

Is Ainsworth Game Technology Limited's (ASX:AGI) ROE Of 8.4% Concerning?

Ainsworth Game Technology has a ROE of 8.4%, based on the last twelve months. … One way to conceptualize this, is that for each A$1 of shareholders' equity it has, the company made A$0.084 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Has Ainsworth Game Technology Limited's (ASX:AGI) Earnings Momentum Changed Recently?

When Ainsworth Game Technology Limited (ASX:AGI) released its most recent earnings update (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Ainsworth Game Technology's average earnings over the past couple of years, and its industry performance. … Was AGI's recent earnings decline worse than the long-term trend and the industry.

Simply Wall St -

Ainsworth Game Technology Limited (ASX:AGI): What Does It Mean For Your Portfolio?

Volatility is considered to be a measure of risk in modern finance theory. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … While we should keep in mind that Warren Buffett has cautioned that 'Volatility is far from synonymous with risk', beta is still a useful factor to consider.

Simply Wall St -

Who Just Ramped Up Their Shares In Ainsworth Game Technology Limited (ASX:AGI)?

Ainsworth Game Technology Limited designs, develops, produces, leases, sells, and services gaming machines, and other related equipment and services. … Ainsworth Game Technology's insiders have invested. … A well-known argument is that insiders investing more in their own companies’ shares sends an optimistic signal

Simply Wall St -

What You Must Know About Ainsworth Game Technology Limited's (ASX:AGI) Major Investors

In this article, I will take a quick look at Ainsworth Game Technology Limited’s (ASX:AGI) recent ownership structure – an unconventional investing subject, but an important one. … The implications of these institutions’ actions can either benefit or hinder individual investors, so it is important to understand the ownership composition of your stock investment. … ASX:AGI Ownership Summary July 28th 18

Simply Wall St -

Does Ainsworth Game Technology Limited (ASX:AGI)'s Capital Return Make The Cut?

and want to begin learning the link between Ainsworth Game Technology Limited (ASX:AGI)’s return fundamentals and stock market performance. … To understand Ainsworth Game Technology’s capital returns we will look at a useful metric called return on capital employed. … Ainsworth Game Technology's Return On Capital Employed

Simply Wall St -

Ainsworth Game Technology Limited (ASX:AGI): Is Now A Good Time To Buy?

Ainsworth Game Technology Limited (ASX:AGI) is considered a high-growth stock, but its last closing price of A$1.05 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Check out our latest analysis for Ainsworth Game Technology? … Analysts are predicting good growth prospects for Ainsworth Game Technology over the next couple of years

Simply Wall St -

Ainsworth Game Technology Limited (ASX:AGI) Has Attractive Fundamentals, Here's Why

In the case of Ainsworth Game Technology Limited (ASX:AGI), there's. … is a company that has been able to sustain great financial health, trading at an attractive share price. … report on Ainsworth Game Technology here

Simply Wall St -

June Top Cheap Dividend Paying Stocks

Ainsworth Game Technology is one of the undervalued dividend stocks worth considering today. … Over the past 5 years, Ainsworth Game Technology has been distributing dividends back to its shareholders, with a recent yield of 2.78%. … ASX:AGI Historical Dividend Yield Jun 11th 18 Australian Pharmaceutical Industries Limited (ASX:API) Australian Pharmaceutical Industries Limited engages in the wholesale distribution of pharmaceutical, medical, health, beauty, and lifestyle products to pharmacies.

Simply Wall St -

AGI Company Info

Description

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. Ainsworth Game Technology Limited is a subsidiary of Novomatic AG.

Details
Name: Ainsworth Game Technology Limited
AGI
Exchange: ASX
Founded: 1995
A$240,807,659
336,793,929
Website: http://www.agtslots.com.au
Address: Ainsworth Game Technology Limited
10 Holker Street,
Newington,
New South Wales, 2127,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX AGI Ordinary Shares Australian Securities Exchange AU AUD 17. Dec 2001
OTCPK AINS.F Ordinary Shares Pink Sheets LLC US USD 17. Dec 2001
CHIA AGI Ordinary Shares Chi-X Australia AU AUD 17. Dec 2001
Number of employees
Current staff
Staff numbers
0
Ainsworth Game Technology employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/15 10:33
End of day share price update: 2019/07/15 00:00
Last estimates confirmation: 2019/06/26
Last earnings filing: 2019/02/26
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.