Ainsworth Game Technology Limited

ASX:AGI Stock Report

Mkt Cap: AU$353.6m

We’ve recently updated our valuation analysis.

Ainsworth Game Technology Valuation

Is AGI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for AGI?

Other financial metrics that can be useful for relative valuation.

AGI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.4x
Enterprise Value/EBITDA11.9x
PEG Ratio2.2x

Price to Earnings Ratio vs Peers

How does AGI's PE Ratio compare to its peers?

The above table shows the PE ratio for AGI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average20.9x
JIN Jumbo Interactive
31.8x13.2%AU$991.1m
RCT Reef Casino Trust
10.3xn/aAU$78.2m
AQS Aquis Entertainment
11xn/aAU$33.3m
TLC Lottery
30.5x7.9%AU$10.6b
AGI Ainsworth Game Technology
30.1x13.6%AU$353.6m

Price-To-Earnings vs Peers: AGI is expensive based on its Price-To-Earnings Ratio (30.1x) compared to the peer average (20.9x).


Price to Earnings Ratio vs Industry

How does AGI's PE Ratio compare vs other companies in the Global Hospitality Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.2%
n/an/an/a

Price-To-Earnings vs Industry: AGI is expensive based on its Price-To-Earnings Ratio (30.1x) compared to the Global Hospitality industry average (22x)


Price to Earnings Ratio vs Fair Ratio

What is AGI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AGI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.1x
Fair PE Ratio20.7x

Price-To-Earnings vs Fair Ratio: AGI is expensive based on its Price-To-Earnings Ratio (30.1x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).


Share Price vs Fair Value

What is the Fair Price of AGI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: AGI (A$1.05) is trading above our estimate of fair value (A$0.7)

Significantly Below Fair Value: AGI is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst AGI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.05
AU$1.23
+16.7%
14.3%AU$1.40AU$1.05n/a2
Jan ’24AU$1.09
AU$1.23
+12.9%
14.3%AU$1.40AU$1.05n/a2
Dec ’23AU$1.26
AU$1.23
-2.8%
14.3%AU$1.40AU$1.05n/a2
Nov ’23AU$0.89
AU$1.12
+25.3%
12.1%AU$1.25AU$0.98n/a2
Oct ’23AU$0.87
AU$1.08
+23.8%
11.4%AU$1.25AU$0.98n/a3
Sep ’23AU$0.95
AU$1.08
+13.3%
11.4%AU$1.25AU$0.98n/a3
Aug ’23AU$0.88
AU$1.16
+32.2%
9.9%AU$1.27AU$1.00n/a3
Jul ’23AU$0.94
AU$1.16
+23.1%
9.9%AU$1.27AU$1.00n/a3
Jun ’23AU$1.08
AU$1.16
+7.1%
9.9%AU$1.27AU$1.00n/a3
May ’23AU$1.07
AU$1.18
+10.8%
11.8%AU$1.34AU$1.00n/a3
Apr ’23AU$1.12
AU$1.18
+5.8%
11.8%AU$1.34AU$1.00n/a3
Mar ’23AU$1.19
AU$1.18
-0.4%
11.8%AU$1.34AU$1.00n/a3
Feb ’23AU$1.20
AU$1.12
-7.0%
26.4%AU$1.43AU$0.72n/a3
Jan ’23AU$1.29
AU$1.11
-14.2%
25.8%AU$1.40AU$0.72AU$1.093
Dec ’22AU$1.36
AU$0.93
-31.4%
42.3%AU$1.40AU$0.40AU$1.264
Nov ’22AU$1.35
AU$0.86
-36.3%
37.4%AU$1.20AU$0.40AU$0.894
Oct ’22AU$1.25
AU$0.86
-31.2%
37.4%AU$1.20AU$0.40AU$0.874
Sep ’22AU$1.06
AU$0.86
-18.5%
37.4%AU$1.20AU$0.40AU$0.954
Aug ’22AU$1.01
AU$0.69
-31.8%
55.2%AU$1.30AU$0.35AU$0.884
Jul ’22AU$1.17
AU$0.64
-45.7%
47.0%AU$1.10AU$0.35AU$0.944
Jun ’22AU$0.98
AU$0.64
-35.2%
47.0%AU$1.10AU$0.35AU$1.084
May ’22AU$0.81
AU$0.66
-18.6%
37.0%AU$0.95AU$0.35AU$1.073
Apr ’22AU$0.74
AU$0.58
-20.9%
43.6%AU$0.95AU$0.30AU$1.124
Mar ’22AU$0.80
AU$0.58
-26.4%
43.6%AU$0.95AU$0.30AU$1.194
Feb ’22AU$0.80
AU$0.39
-50.9%
39.9%AU$0.65AU$0.24AU$1.204
Jan ’22AU$0.48
AU$0.46
-3.3%
43.2%AU$0.75AU$0.24AU$1.295

Analyst Forecast: Target price is less than 20% higher than the current share price.


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