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BET

Betmakers Technology GroupASX:BET Stock Report

Market Cap

AU$947.6m

7D

0.5%

1Y

118.8%

Updated

17 Oct, 2021

Data

Company Financials +
BET fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health5/6
Dividends0/6

BET Overview

Betmakers Technology Group Ltd, together with its subsidiaries, develops and provides software, data, and analytics products for the B2B wagering market in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Betmakers Technology Group
Historical stock prices
Current Share PriceAU$1.11
52 Week HighAU$0.40
52 Week LowAU$1.65
Beta2.65
1 Month Change-11.95%
3 Month Change22.78%
1 Year Change118.81%
3 Year Change1,574.24%
5 Year Change636.67%
Change since IPO481.58%

Recent News & Updates

Sep 28
Calculating The Intrinsic Value Of Betmakers Technology Group Ltd (ASX:BET)

Calculating The Intrinsic Value Of Betmakers Technology Group Ltd (ASX:BET)

Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Betmakers Technology...

Jun 01
Betmakers Technology Group (ASX:BET) Is In A Strong Position To Grow Its Business

Betmakers Technology Group (ASX:BET) Is In A Strong Position To Grow Its Business

Just because a business does not make any money, does not mean that the stock will go down. By way of example...

Shareholder Returns

BETAU HospitalityAU Market
7D0.5%0.1%0.9%
1Y118.8%41.7%20.2%

Return vs Industry: BET exceeded the Australian Hospitality industry which returned 41.7% over the past year.

Return vs Market: BET exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is BET's price volatile compared to industry and market?
BET volatility
BET Beta2.65
Industry Beta1.23
Market Beta1

Stable Share Price: BET is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: BET's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2013n/aTodd Buckinghamhttps://www.thebetmakers.com

Betmakers Technology Group Ltd, together with its subsidiaries, develops and provides software, data, and analytics products for the B2B wagering market in Australia. It operates through Global Racing Network, Global Betting Services, and Global Tote segments. The company assists racing bodies and rights holders in producing and distributing race content including, barrier technology, official price calculation, vision, and pricing distribution.

Betmakers Technology Group Fundamentals Summary

How do Betmakers Technology Group's earnings and revenue compare to its market cap?
BET fundamental statistics
Market CapAU$947.65m
Earnings (TTM)-AU$17.46m
Revenue (TTM)AU$19.46m

48.7x

P/S Ratio

-54.3x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BET income statement (TTM)
RevenueAU$19.46m
Cost of RevenueAU$9.25m
Gross ProfitAU$10.20m
ExpensesAU$27.66m
Earnings-AU$17.46m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.02
Gross Margin52.44%
Net Profit Margin-89.72%
Debt/Equity Ratio0%

How did BET perform over the long term?

See historical performance and comparison

Valuation

Is Betmakers Technology Group undervalued compared to its fair value and its price relative to the market?

0.8%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BET (A$1.11) is trading below our estimate of fair value (A$1.11)

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


Price To Earnings Ratio

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

PE vs Market: BET 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 BET's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BET is overvalued based on its PB Ratio (4.8x) compared to the AU Hospitality industry average (3.7x).


Future Growth

How is Betmakers Technology Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

92.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BET is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

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

Revenue vs Market: BET's revenue (45.4% per year) is forecast to grow faster than the Australian market (5.5% per year).

High Growth Revenue: BET's revenue (45.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BET's Return on Equity is forecast to be low in 3 years time (9.6%).


Past Performance

How has Betmakers Technology Group performed over the past 5 years?

-14.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BET is currently unprofitable.

Growing Profit Margin: BET is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BET is unprofitable, and losses have increased over the past 5 years at a rate of 14.9% per year.

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

Earnings vs Industry: BET is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (4.2%).


Return on Equity

High ROE: BET has a negative Return on Equity (-8.93%), as it is currently unprofitable.


Financial Health

How is Betmakers Technology Group's financial position?


Financial Position Analysis

Short Term Liabilities: BET's short term assets (A$134.6M) exceed its short term liabilities (A$22.1M).

Long Term Liabilities: BET's short term assets (A$134.6M) exceed its long term liabilities (A$12.8M).


Debt to Equity History and Analysis

Debt Level: BET is debt free.

Reducing Debt: BET had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: BET has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if BET has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Betmakers Technology Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if BET'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 BET'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?

2.9yrs

Average management tenure


CEO

Todd Buckingham

no data

Tenure

AU$2,092,375

Compensation

Mr. Todd Cameron Buckingham is the Founder of Betmakers Technology Group Ltd (formerly known as The BetMakers Holdings Limited) and serves as its Managing Director, Chief Executive Officer and Executive Di...


CEO Compensation Analysis

Compensation vs Market: Todd's total compensation ($USD1.55M) is above average for companies of similar size in the Australian market ($USD998.78K).

Compensation vs Earnings: Todd's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: BET's management team is considered experienced (2.9 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 been diluted in the past year, with total shares outstanding growing by 42.9%.


Top Shareholders

Company Information

Betmakers Technology Group Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Betmakers Technology Group Ltd
  • Ticker: BET
  • Exchange: ASX
  • Founded: 2013
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: AU$947.646m
  • Shares outstanding: 857.60m
  • Website: https://www.thebetmakers.com

Location

  • Betmakers Technology Group Ltd
  • 22 Lambton Road
  • Broadmeadow
  • New South Wales
  • 2292
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/17 07:02
End of Day Share Price2021/10/15 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.