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Evergreen Gaming

TSXV:TNA
Snowflake Description

Flawless balance sheet with outstanding track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TNA
TSXV
CA$52M
Market Cap
  1. Home
  2. CA
  3. Consumer Services
Company description

Evergreen Gaming Corporation engages in the gaming operations in the United States. The last earnings update was 67 days ago. More info.


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TNA Share Price and Events
7 Day Returns
-9.7%
TSXV:TNA
-1.1%
CA Hospitality
-0%
CA Market
1 Year Returns
82.6%
TSXV:TNA
-35.4%
CA Hospitality
-2.2%
CA Market
TNA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evergreen Gaming (TNA) -9.7% 1.2% 6.3% 82.6% 223.1% 833.3%
CA Hospitality -1.1% -2.8% -8.4% -35.4% 23.6% 21.3%
CA Market -0% -0.4% -2.6% -2.2% 8.1% -0.1%
1 Year Return vs Industry and Market
  • TNA outperformed the Hospitality industry which returned -35.4% over the past year.
  • TNA outperformed the Market in Canada which returned -2.2% over the past year.
Price Volatility
TNA
Industry
5yr Volatility vs Market

Value

 Is Evergreen Gaming 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 Evergreen Gaming 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 Evergreen Gaming.

TSXV:TNA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

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 TSXV:TNA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
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))
= 0.921 (1 + (1- 21%) (12.81%))
1.01
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.01 * 5.96%)
7.97%

Discounted Cash Flow Calculation for TSXV:TNA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Evergreen Gaming 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.

TSXV:TNA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.97%)
2020 5.43 Est @ -8.16% 5.03
2021 5.15 Est @ -5.13% 4.42
2022 5.00 Est @ -3.01% 3.97
2023 4.92 Est @ -1.52% 3.62
2024 4.90 Est @ -0.48% 3.34
2025 4.91 Est @ 0.25% 3.10
2026 4.94 Est @ 0.76% 2.89
2027 5.00 Est @ 1.11% 2.71
2028 5.07 Est @ 1.36% 2.54
2029 5.15 Est @ 1.54% 2.39
Present value of next 10 years cash flows $34.00
TSXV:TNA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $5.15 × (1 + 1.95%) ÷ (7.97% – 1.95%)
$87.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $87.17 ÷ (1 + 7.97%)10
$40.51
TSXV:TNA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $34.00 + $40.51
$74.51
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $74.51 / 123.81
$0.6
TSXV:TNA Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:TNA)
1.311
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.6 x 1.311
CA$0.79
Value per share (CAD) From above. CA$0.79
Current discount Discount to share price of CA$0.42
= -1 x (CA$0.42 - CA$0.79) / CA$0.79
46.8%

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

Current Discount
Amount off the current price Evergreen Gaming is available for.
Intrinsic value
47%
Share price is CA$0.42 vs Future cash flow value of CA$0.78898
Current Discount Checks
For Evergreen Gaming to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Evergreen Gaming's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Evergreen Gaming's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Evergreen Gaming's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evergreen Gaming's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:TNA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.05
TSXV:TNA Share Price ** TSXV (2019-07-22) in CAD CA$0.42
TSXV:TNA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.763 $0.32
Canada Hospitality Industry PE Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 18.05x
Canada Market PE Ratio Median Figure of 539 Publicly-Listed Companies 15.49x

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

** Primary Listing of Evergreen Gaming.

TSXV:TNA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:TNA Share Price ÷ EPS (both in USD)

= 0.32 ÷ 0.05

6.82x

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

  • Evergreen Gaming is good value based on earnings compared to the CA Hospitality industry average.
  • Evergreen Gaming is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Evergreen Gaming's expected growth come at a high price?
Raw Data
TSXV:TNA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
-3.8%per year
North America Hospitality Industry PEG Ratio Median Figure of 60 Publicly-Listed Hospitality Companies 1.81x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Evergreen Gaming, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Evergreen Gaming's assets?
Raw Data
TSXV:TNA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $0.18
TSXV:TNA Share Price * TSXV (2019-07-22) in CAD CA$0.42
TSXV:TNA Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.763 $0.32
Canada Hospitality Industry PB Ratio Median Figure of 22 Publicly-Listed Hospitality Companies 1.38x
Canada Market PB Ratio Median Figure of 2,445 Publicly-Listed Companies 1.46x
TSXV:TNA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:TNA Share Price ÷ Book Value per Share (both in USD)

= 0.32 ÷ 0.18

1.77x

* Primary Listing of Evergreen Gaming.

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

  • Evergreen Gaming is overvalued based on assets compared to the CA Hospitality industry average.
X
Value checks
We assess Evergreen Gaming'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. Evergreen Gaming has a total score of 4/6, 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.

Future Performance

 How is Evergreen Gaming expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Evergreen Gaming, future earnings growth has been estimated based on fundamentals.
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
-3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evergreen Gaming expected to grow at an attractive rate?
  • Evergreen Gaming's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.9%.
Growth vs Market Checks
  • Evergreen Gaming's earnings are expected to decrease over the next 1-3 years, this is below the Canada market average.
  • Unable to compare Evergreen Gaming's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:TNA Future Growth Rates Data Sources
Data Point Source Value (per year)
TSXV:TNA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts -3.8%
Canada Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 24.7%
Canada Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.9%

*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
TSXV:TNA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:TNA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 40 6 6
2018-12-31 39 6 6
2018-09-30 39 6 5
2018-06-30 36 5 4
2018-03-31 36 7 4
2017-12-31 35 6 3
2017-09-30 34 5 2
2017-06-30 34 4 2
2017-03-31 33 3 2
2016-12-31 33 3 2
2016-09-30 34 4 3
2016-06-30 33 4 4

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Evergreen Gaming's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Unable to determine if Evergreen Gaming is high growth as no revenue estimate data is available.
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
TSXV:TNA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Evergreen Gaming Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:TNA Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.05
2018-12-31 0.05
2018-09-30 0.04
2018-06-30 0.03
2018-03-31 0.03
2017-12-31 0.02
2017-09-30 0.01
2017-06-30 0.01
2017-03-31 0.01
2016-12-31 0.02
2016-09-30 0.03
2016-06-30 0.03

*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.
  • Unable to establish if Evergreen Gaming will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Evergreen Gaming'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 Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Evergreen Gaming has a total score of 0/6, 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.

Past Performance

  How has Evergreen Gaming 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 Evergreen Gaming'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.
  • Evergreen Gaming's year on year earnings growth rate has been positive over the past 5 years.
  • Evergreen Gaming's 1-year earnings growth exceeds its 5-year average (39.2% vs 16.4%)
  • Evergreen Gaming's earnings growth has exceeded the CA Hospitality industry average in the past year (39.2% vs -7.4%).
Earnings and Revenue History
Evergreen Gaming'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 Evergreen Gaming Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:TNA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 39.91 5.82 2.58
2018-12-31 39.41 5.95 2.34
2018-09-30 38.58 5.32 3.42
2018-06-30 36.01 4.13 2.86
2018-03-31 36.14 4.18 2.75
2017-12-31 34.96 3.03 3.16
2017-09-30 34.29 1.80 3.57
2017-06-30 34.18 1.84 3.73
2017-03-31 33.16 1.59 3.50
2016-12-31 33.19 1.91 3.38
2016-09-30 33.51 3.21 3.44
2016-06-30 33.42 3.57 3.58
2016-03-31 33.62 4.02 4.11
2015-12-31 33.34 3.93 4.38
2015-09-30 32.73 3.45 4.29
2015-06-30 32.25 3.28 4.35
2015-03-31 31.00 2.74 4.07
2014-12-31 30.56 2.72 4.02
2014-09-30 29.90 2.56 3.86
2014-06-30 28.66 1.71 3.54
2014-03-31 28.51 1.36 3.55
2013-12-31 28.34 1.34 3.59
2013-09-30 28.61 0.79 3.73
2013-06-30 27.60 0.85 3.65
2013-03-31 26.59 0.13 3.55
2012-12-31 25.96 -0.45 3.67
2012-09-30 26.11 -1.78 3.98

*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.
  • Evergreen Gaming has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Evergreen Gaming used its assets more efficiently than the CA Hospitality industry average last year based on Return on Assets.
  • Evergreen Gaming has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Evergreen Gaming'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.
Evergreen Gaming has a total score of 6/6, 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.

Health

 How is Evergreen Gaming'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 Evergreen Gaming's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evergreen Gaming is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Evergreen Gaming's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evergreen Gaming'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 3.4x 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 Evergreen Gaming Company Filings, last reported 3 months ago.

TSXV:TNA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 22.42 5.08 13.48
2018-12-31 21.07 5.15 12.15
2018-09-30 19.41 5.37 10.16
2018-06-30 17.60 5.71 8.62
2018-03-31 16.60 5.78 8.43
2017-12-31 15.12 5.85 7.07
2017-09-30 14.10 6.97 5.44
2017-06-30 13.47 7.06 4.50
2017-03-31 12.42 7.99 4.07
2016-12-31 12.08 8.29 3.65
2016-09-30 12.29 8.54 3.68
2016-06-30 11.63 8.86 3.49
2016-03-31 10.83 9.21 3.18
2015-12-31 10.17 6.55 4.10
2015-09-30 9.09 7.38 3.72
2015-06-30 8.06 7.79 3.25
2015-03-31 6.81 8.48 2.72
2014-12-31 6.24 9.01 2.44
2014-09-30 5.63 9.60 2.43
2014-06-30 4.78 10.12 1.73
2014-03-31 4.08 10.10 1.87
2013-12-31 3.52 8.98 1.37
2013-09-30 3.08 9.26 2.15
2013-06-30 3.07 9.50 2.62
2013-03-31 2.71 9.94 2.44
2012-12-31 2.18 10.37 1.20
2012-09-30 2.28 10.53 1.44
  • Evergreen Gaming's level of debt (22.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (248% vs 22.7% today).
  • Debt is well covered by operating cash flow (120.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 33.7x coverage).
X
Financial health checks
We assess Evergreen Gaming'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. Evergreen Gaming has a total score of 6/6, 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.

Dividends

 What is Evergreen Gaming'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
0%
Current annual income from Evergreen Gaming dividends.
If you bought CA$2,000 of Evergreen Gaming shares you are expected to receive CA$0 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?
  • Unable to evaluate Evergreen Gaming's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Evergreen Gaming's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
TSXV:TNA 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 0 Analyst Estimates (S&P Global) See Below
Canada Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 2.3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada 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.

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

  • Unable to perform a dividend volatility check as Evergreen Gaming has not reported any payouts.
  • Unable to verify if Evergreen Gaming's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Evergreen Gaming's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Evergreen Gaming has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Evergreen Gaming's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Evergreen Gaming afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evergreen Gaming has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of Evergreen Gaming'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
Dawn Mangano
COMPENSATION $129,982
TENURE AS CEO 2 years
CEO Bio

Ms. Dawn M. Mangano has been Chief Executive Officer and President of Evergreen Gaming Corporation since July 2017. Ms. Mangano joined Evergreen from the Casino Caribbean/Macau Casino cardroom group consisting of five locations in Washington. She spent the last 14 years holding positions in both Finance and Operations with a broad base of experience including all facets of cardroom management. Ms. Mangano was instrumental in Casino Caribbean/Macau Casino cardroom's growth with responsibilities including acquisition, construction, licensing, customer development and profitability of the restaurants and casinos. She has gained experience in government regulatory agency relations and political involvement at the state and local levels. Prior to entering the cardroom industry, Ms. Mangano owned and operated an accounting business primarily focused on construction and professional business clients.

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

Average tenure of the Evergreen Gaming management team in years:

2
Average Tenure
  • The tenure for the Evergreen Gaming management team is about average.
Management Team

Len Libin

TITLE
Chairman
COMPENSATION
$35K
TENURE
9 yrs

Dawn Mangano

TITLE
CEO & President
COMPENSATION
$130K
TENURE
2 yrs

Troy Unruh

TITLE
Chief Financial Officer
TENURE
0.5 yrs
Board of Directors Tenure

Average tenure of the Evergreen Gaming board of directors in years:

7.6
Average Tenure
  • The tenure for the Evergreen Gaming board of directors is about average.
Board of Directors

Len Libin

TITLE
Chairman
COMPENSATION
$35K
TENURE
7.1 yrs

Larry Hoff

TITLE
Independent Director
COMPENSATION
$14K
TENURE
8.7 yrs

Laurence Smith

TITLE
Director
COMPENSATION
$14K
TENURE
8.5 yrs

Steve Michels

TITLE
Director
COMPENSATION
$2M
TENURE
7.6 yrs

Tom Marvin

TITLE
Independent Director
COMPENSATION
$13K
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess Evergreen Gaming'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. Evergreen Gaming 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.

News

Simply Wall St News

If You Had Bought Evergreen Gaming (CVE:TNA) Shares Five Years Ago You'd Have Made 780%

Check out our latest analysis for Evergreen Gaming There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. … Over half a decade, Evergreen Gaming managed to grow its earnings per share at 36% a year. … Before deciding if you like the current share price, check how Evergreen Gaming scores on these 3 valuation metrics.

Simply Wall St -

Evergreen Gaming (CVE:TNA) Could Easily Take On More Debt

TSXV:TNA Historical Debt, July 1st 2019 A Look At Evergreen Gaming's Liabilities We can see from the most recent balance sheet that Evergreen Gaming had liabilities of US$6.18m falling due within a year, and liabilities of US$5.31m due beyond that. … Evergreen Gaming boasts net cash, so it's fair to say it does not have a heavy debt load! … While Evergreen Gaming has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance.

Simply Wall St -

How Does Investing In Evergreen Gaming Corporation (CVE:TNA) Impact The Volatility Of Your Portfolio?

Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: Since Evergreen Gaming tends to moves up when the market is going up, and down when it's going down, potential investors may wish to reflect on the overall market, when considering the stock.

Simply Wall St -

Why We Like Evergreen Gaming Corporation’s (CVE:TNA) 28% Return On Capital Employed

Analysts use this formula to calculate return on capital employed: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Evergreen Gaming: 0.28 = US$7.8m ÷ (US$34m - US$6.2m) (Based on the trailing twelve months to March 2019.) So, Evergreen Gaming has an ROCE of 28%. … How Evergreen Gaming's Current Liabilities Impact Its ROCE Current liabilities are short term bills and invoices that need to be paid in 12 months or less. … What We Can Learn From Evergreen Gaming's ROCE Low current liabilities and high ROCE is a good combination, making Evergreen Gaming look quite interesting.

Simply Wall St -

Should You Be Impressed By Evergreen Gaming Corporation's (CVE:TNA) ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Evergreen Gaming: 26% = US$5.8m ÷ US$22m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Evergreen Gaming's Debt And Its 26% ROE While Evergreen Gaming does have some debt, with debt to equity of just 0.23, we wouldn't say debt is excessive. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

Should You Be Adding Evergreen Gaming (CVE:TNA) To Your Watchlist Today?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. … But as Warren Buffett has mused, 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.' When they buy such story stocks, investors are all too often the patsy. … In the age of tech-stock blue-sky investing, my choice may seem old fashioned; I still prefer profitable companies like Evergreen Gaming (CVE:TNA).

Simply Wall St -

What Kind Of Shareholder Appears On The Evergreen Gaming Corporation's (CVE:TNA) Shareholder Register?

The big shareholder groups in Evergreen Gaming Corporation (CVE:TNA) have power over the company. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … Evergreen Gaming is a smaller company with a market capitalization of CA$51m, so it may still be flying under the radar of many institutional investors.

Simply Wall St -

Did You Miss Evergreen Gaming's (CVE:TNA) Magnificent 2500% Share Price Gain?

Then look at the Evergreen Gaming Corporation (CVE:TNA) share price. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. … Over half a decade, Evergreen Gaming managed to grow its earnings per share at 49% a year.

Simply Wall St -

Evergreen Gaming Corporation (CVE:TNA): Time For A Financial Health Check

While small-cap stocks, such as Evergreen Gaming Corporation (CVE:TNA) with its market cap of CA$49m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn. … I believe these basic checks tell most of the story you need to know.

Simply Wall St -

Do You Like Evergreen Gaming Corporation (CVE:TNA) At This P/E Ratio?

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … Evergreen Gaming has a price to earnings ratio of 6.91, based on the last twelve months. … Price to Earnings Ratio = Price per Share (in the reporting currency) ÷ Earnings per Share (EPS)

Simply Wall St -

Company Info

Description

Evergreen Gaming Corporation engages in the gaming operations in the United States. It operates Riverside casino in Tukwila; Goldies Casino in Shoreline; and Chips and Palace casinos in Lakewood. The company’s casinos offer card games, such as Poker, Blackjack, Spanish 21, 4-Card Poker, Ultimate Texas Hold-em, PaiGow, and Baccarat; and pull tabs, a game in which the player can win specified prizes by matching certain combinations concealed under perforated strips on each paper game piece. It also operates restaurants in its casinos. The company is based in Lakewood, Washington.

Details
Name: Evergreen Gaming Corporation
TNA
Exchange: TSXV
Founded:
CA$51,999,723
123,808,865
Website: http://www.evergreengaming.com
Address: Evergreen Gaming Corporation
8200 Tacoma Mall Boulevard,
Lakewood,
Washington, 98499,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV TNA Common Stock TSX Venture Exchange CA CAD 02. Nov 2006
OTCPK EVGE.F Common Stock Pink Sheets LLC US USD 02. Nov 2006
Number of employees
Current staff
Staff numbers
0
Evergreen Gaming employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/23 00:02
End of day share price update: 2019/07/22 00:00
Last earnings filing: 2019/05/17
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.