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
|Historical stock prices|
|Current Share Price||AU$1.09|
|52 Week High||AU$0.40|
|52 Week Low||AU$1.65|
|1 Month Change||-13.55%|
|3 Month Change||27.65%|
|1 Year Change||135.87%|
|3 Year Change||1,346.67%|
|5 Year Change||578.13%|
|Change since IPO||471.05%|
Recent News & Updates
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...
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...
|BET||AU Hospitality||AU Market|
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.
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
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
|BET fundamental statistics|
Is BET overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|BET income statement (TTM)|
|Cost of Revenue||AU$9.25m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.02|
|Net Profit Margin||-89.72%|
How did BET perform over the long term?See historical performance and comparison
Is Betmakers Technology Group undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BET (A$1.09) 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).
How is Betmakers Technology Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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%).
How has Betmakers Technology Group performed over the past 5 years?
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.
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$12.8M).
Debt to Equity History and Analysis
Debt Level: BET is debt free.
Reducing Debt: BET had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: BET has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if BET has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is Betmakers Technology Group current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate BET's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate BET's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if BET's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if BET's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of BET's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Todd Cameron Buckingham is the Founder of Betmakers Technology Group Ltd (formerly known as The BetMakers Holdings Limited) and serves as its Managing Director, Chief Executive Officer and Executive Di...
CEO Compensation Analysis
Compensation vs Market: Todd's total compensation ($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.
Experienced Management: BET's management team is considered experienced (2.9 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 42.9%.
Betmakers Technology Group Ltd's employee growth, exchange listings and data sources
- 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
- Betmakers Technology Group Ltd
- 22 Lambton Road
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/18 07:02|
|End of Day Share Price||2021/10/18 00:00|
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.