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BBT

BlueBet HoldingsASX:BBT Stock Report

Market Cap

AU$361.2m

7D

-2.4%

1Y

n/a

Updated

26 Oct, 2021

Data

Company Financials +
BBT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance1/6
Financial Health5/6
Dividends0/6

BBT Overview

BlueBet Holdings Ltd provides online wagering services to customers in racing and sporting events in Australia.

BlueBet Holdings Competitors

Tabcorp Holdings

ASX:TAH

AU$11.1b

PointsBet Holdings

ASX:PBH

AU$2.7b

Flutter Entertainment

ISE:FLTR

€29.4b

Caesars Entertainment

NasdaqGS:CZR

US$24.1b

Price History & Performance

Summary of all time highs, changes and price drops for BlueBet Holdings
Historical stock prices
Current Share PriceAU$1.81
52 Week HighAU$1.54
52 Week LowAU$3.03
Beta0
1 Month Change-7.67%
3 Month Change-19.06%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO1.69%

Recent News & Updates

Shareholder Returns

BBTAU HospitalityAU Market
7D-2.4%1.3%0.4%
1Yn/a45.1%24.3%

Return vs Industry: Insufficient data to determine how BBT performed against the Australian Hospitality industry.

Return vs Market: Insufficient data to determine how BBT performed against the Australian Market.

Price Volatility

Is BBT's price volatile compared to industry and market?
BBT volatility
BBT Beta0
Industry Beta1.23
Market Beta1

Stable Share Price: BBT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: Insufficient data to determine BBT's volatility change over the past year.

About the Company

FoundedEmployeesCEOWebsite
2015n/aBill Richmondhttps://www.bluebetoffer.com.au

BlueBet Holdings Ltd provides online wagering services to customers in racing and sporting events in Australia. It offers wagering products on racing and a range of other sports through internet using a computer, mobile phone, and other connected device. The company was founded in 2015 and is based in Sydney, Australia.

BlueBet Holdings Fundamentals Summary

How do BlueBet Holdings's earnings and revenue compare to its market cap?
BBT fundamental statistics
Market CapAU$361.20m
Earnings (TTM)AU$2.98m
Revenue (TTM)AU$32.35m

121.3x

P/E Ratio

11.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BBT income statement (TTM)
RevenueAU$32.35m
Cost of RevenueAU$15.07m
Gross ProfitAU$17.28m
ExpensesAU$14.30m
EarningsAU$2.98m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 27, 2021

Earnings per share (EPS)0.015
Gross Margin53.41%
Net Profit Margin9.21%
Debt/Equity Ratio0.3%

How did BBT perform over the long term?

See historical performance and comparison

Valuation

Is BlueBet Holdings undervalued compared to its fair value and its price relative to the market?

121.3x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BBT (A$1.81) is trading above our estimate of fair value (A$0.11)

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


Price To Earnings Ratio

PE vs Industry: BBT is poor value based on its PE Ratio (121.3x) compared to the Australian Hospitality industry average (37.4x).

PE vs Market: BBT is poor value based on its PE Ratio (121.3x) compared to the Australian market (20x).


Price to Earnings Growth Ratio

PEG Ratio: BBT's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: BBT is overvalued based on its PB Ratio (7.4x) compared to the AU Hospitality industry average (3.8x).


Future Growth

How is BlueBet Holdings forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

-22.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BBT's earnings are forecast to decline over the next 3 years (-22.7% per year).

Earnings vs Market: BBT's earnings are forecast to decline over the next 3 years (-22.7% per year).

High Growth Earnings: BBT's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BBT's revenue (30.1% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: BBT's revenue (30.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BBT's Return on Equity is forecast to be low in 3 years time (3.7%).


Past Performance

How has BlueBet Holdings performed over the past 5 years?

-33.6%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: BBT has high quality earnings.

Growing Profit Margin: BBT's current net profit margins (9.2%) are lower than last year (26.7%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if BBT's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: BBT's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BBT had negative earnings growth (-33.6%) over the past year, making it difficult to compare to the Hospitality industry average (4.2%).


Return on Equity

High ROE: BBT's Return on Equity (6.1%) is considered low.


Financial Health

How is BlueBet Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: BBT's short term assets (A$56.9M) exceed its short term liabilities (A$9.8M).

Long Term Liabilities: BBT's short term assets (A$56.9M) exceed its long term liabilities (A$1.1M).


Debt to Equity History and Analysis

Debt Level: BBT's debt to equity ratio (0.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if BBT's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BBT's debt is well covered by operating cash flow (5762.3%).

Interest Coverage: BBT's interest payments on its debt are well covered by EBIT (96.4x coverage).


Balance Sheet


Dividend

What is BlueBet Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate BBT'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 BBT's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BBT'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?

0.3yrs

Average board tenure


CEO

Bill Richmond

0.58

Tenure

AU$408,696

Compensation

Mr. William Richmond, also known as Bill, has been the Chief Executive Officer of BlueBet Holdings Ltd. March 1, 2021 and has been its Director since January 14, 2021. Mr. Richmond joined Sportingbet in 20...


CEO Compensation Analysis

Compensation vs Market: Bill's total compensation ($USD306.76K) is below average for companies of similar size in the Australian market ($USD554.70K).

Compensation vs Earnings: Insufficient data to compare Bill's compensation with company performance.


Board Members

Experienced Board: BBT's board of directors are not considered experienced ( 0.3 years average tenure), which suggests a new board.


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.


Ownership Breakdown

Dilution of Shares: BBT only recently listed within the past 12 months.


Top Shareholders

Company Information

BlueBet Holdings Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: BlueBet Holdings Ltd
  • Ticker: BBT
  • Exchange: ASX
  • Founded: 2015
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: AU$361.198m
  • Shares outstanding: 200.11m
  • Website: https://www.bluebetoffer.com.au

Location

  • BlueBet Holdings Ltd
  • 8 Spring Street
  • Level 9
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 16:31
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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.