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International Game Technology

DB:7IG
Snowflake Description

Second-rate dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
7IG
DB
$3B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The last earnings update was 5 days ago. More info.


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7IG Share Price and Events
7 Day Returns
2.7%
DB:7IG
0.1%
DE Hospitality
-3.6%
DE Market
1 Year Returns
-47.7%
DB:7IG
-52.1%
DE Hospitality
-11.8%
DE Market
7IG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
International Game Technology (7IG) 2.7% -7.2% 0.9% -47.7% -28.7% -
DE Hospitality 0.1% -9.6% -10.1% -52.1% -29% -25.2%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • 7IG outperformed the Hospitality industry which returned -52.1% over the past year.
  • 7IG underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
7IG
Industry
5yr Volatility vs Market

7IG Value

 Is International Game Technology 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 International Game Technology 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 International Game Technology.

DB:7IG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 13.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

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 DB:7IG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
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- 19%) (311.98%))
2.506
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (2 * 6.65%)
13.53%

Discounted Cash Flow Calculation for DB:7IG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for International Game Technology 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.

DB:7IG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 13.53%)
2019 408.05 Analyst x8 359.42
2020 516.17 Analyst x7 400.49
2021 459.36 Analyst x2 313.93
2022 422.19 Est @ -8.09% 254.15
2023 398.57 Est @ -5.6% 211.34
2024 383.23 Est @ -3.85% 178.99
2025 373.17 Est @ -2.63% 153.53
2026 366.57 Est @ -1.77% 132.84
2027 362.28 Est @ -1.17% 115.64
2028 359.56 Est @ -0.75% 101.10
Present value of next 10 years cash flows $2,221.44
DB:7IG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $359.56 × (1 + 0.23%) ÷ (13.53% – 0.23%)
$2,709.60
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $2,709.60 ÷ (1 + 13.53%)10
$761.86
DB:7IG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,221.44 + $761.86
$2,983.30
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $2,983.30 / 204.39
$14.6
DB:7IG Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:7IG represents 0.87679x of NYSE:IGT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.87679x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 14.60 x 0.87679
€12.80
Value per share (EUR) From above. €12.80
Current discount Discount to share price of €11.60
= -1 x (€11.60 - €12.80) / €12.80
9.4%

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

Current Discount
Amount off the current price International Game Technology is available for.
Intrinsic value
9%
Share price is €11.6 vs Future cash flow value of €12.8
Current Discount Checks
For International Game Technology to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • International Game Technology's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • International Game Technology's share price is below the future cash flow value, but not 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 International Game Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are International Game Technology's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:7IG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $0.00
NYSE:IGT Share Price ** NYSE (2019-06-14) in USD $13.23
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

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

** Primary Listing of International Game Technology.

DB:7IG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:IGT Share Price ÷ EPS (both in USD)

= 13.23 ÷ 0.00

-2771.84x

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

  • International Game Technology is loss making, we can't compare its value to the DE Hospitality industry average.
  • International Game Technology is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does International Game Technology's expected growth come at a high price?
Raw Data
DB:7IG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2771.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
50.4%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*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 International Game Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on International Game Technology's assets?
Raw Data
DB:7IG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $8.86
NYSE:IGT Share Price * NYSE (2019-06-14) in USD $13.23
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
DB:7IG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:IGT Share Price ÷ Book Value per Share (both in USD)

= 13.23 ÷ 8.86

1.49x

* Primary Listing of International Game Technology.

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

  • International Game Technology is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess International Game Technology'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. International Game Technology has a total score of 1/6, 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.

7IG Future Performance

 How is International Game Technology expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

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
50.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is International Game Technology expected to grow at an attractive rate?
  • International Game Technology's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • International Game Technology's earnings growth is expected to exceed the Germany market average.
  • International Game Technology's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:7IG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:7IG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 50.4%
DB:7IG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 1.4%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*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
DB:7IG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:7IG Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,900 1,167 263 4
2020-12-31 4,855 1,109 130 11
2019-12-31 4,764 1,000 125 11
DB:7IG Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 4,767 78 -1
2018-12-31 4,830 9 -144
2018-09-30 4,911 538 160
2018-06-30 4,974 482 -719
2018-03-31 4,992 470 -1,171
2017-12-31 4,937 686 -1,122
2017-09-30 4,915 42 -915
2017-06-30 4,959 81 -113
2017-03-31 5,025 369 249
2016-12-31 5,154 338 211
2016-09-30 5,198 936 52
2016-06-30 5,134 1,093 61

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • International Game Technology's earnings are expected to grow significantly at over 20% yearly.
  • International Game Technology's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
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
DB:7IG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from International Game Technology Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7IG Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.81 0.81 0.81 1.00
2020-12-31 0.64 1.05 0.45 6.00
2019-12-31 0.59 0.75 0.45 7.00
DB:7IG Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 0.00
2018-12-31 -0.71
2018-09-30 0.79
2018-06-30 -3.53
2018-03-31 -5.75
2017-12-31 -5.52
2017-09-30 -4.51
2017-06-30 -0.56
2017-03-31 1.23
2016-12-31 1.05
2016-09-30 0.26
2016-06-30 0.30

*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.
  • International Game Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess International Game Technology'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
International Game Technology has a total score of 3/6, 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.

7IG Past Performance

  How has International Game Technology 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 International Game Technology'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.
  • International Game Technology does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare International Game Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare International Game Technology's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
International Game Technology'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 International Game Technology Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:7IG 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 4,767.50 -0.98 831.58 257.12
2018-12-31 4,829.54 -144.38 843.73 262.26
2018-09-30 4,910.79 160.38 816.13 269.44
2018-06-30 4,974.44 -719.16 815.51 285.21
2018-03-31 4,991.60 -1,170.55 829.61 301.77
2017-12-31 4,937.23 -1,122.20 812.85 313.12
2017-09-30 4,914.51 -914.99 844.12 329.32
2017-06-30 4,958.95 -113.28 889.77 337.67
2017-03-31 5,024.92 249.32 918.82 341.45
2016-12-31 5,153.90 211.34 945.82 343.53
2016-09-30 5,197.64 51.52 952.28 340.90
2016-06-30 5,133.56 60.56 934.25 339.41
2016-03-31 5,122.38 -129.03 927.23 339.64
2015-12-31 4,689.06 -75.57 795.25 277.40
2015-09-30 4,215.90 -299.69 659.51 219.94
2015-06-30 3,952.25 -230.66 539.99 164.19
2015-03-31 3,623.28 -58.59 406.96 104.48
2014-12-31 3,812.31 86.16 413.00 108.18
2014-09-30 3,896.24 238.39 495.37 81.09
2014-06-30 4,040.62 206.38 598.38 50.97
2014-03-31 4,158.61 244.18 680.03 26.16
2013-12-31 3,829.63 201.61 402.26 104.85
2013-09-30 4,198.71 320.66 711.03
2013-06-30 4,045.80 329.77 761.90
2013-03-31 3,963.02 320.65 772.06
2012-12-31 4,055.22 307.38 711.12
2012-09-30 3,970.11 278.63 743.47
2012-06-30 3,919.66 287.16 729.77

*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.
  • International Game Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • International Game Technology used its assets less efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • It is difficult to establish if International Game Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess International Game Technology'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.
International Game Technology has a total score of 0/6, 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.

7IG Health

 How is International Game Technology'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 International Game Technology's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • International Game Technology's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • International Game Technology's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of International Game Technology'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.3x 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 International Game Technology Company Filings, last reported 2 months ago.

DB:7IG Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 2,624.96 8,436.28 290.36
2018-12-31 2,710.90 8,055.45 250.67
2018-09-30 2,711.29 8,017.54 447.55
2018-06-30 2,716.27 8,143.96 613.78
2018-03-31 2,696.54 8,094.24 569.62
2017-12-31 2,734.83 8,422.81 1,057.42
2017-09-30 2,645.75 7,635.02 300.08
2017-06-30 3,435.98 7,493.55 494.68
2017-03-31 3,603.23 7,861.57 463.30
2016-12-31 3,648.81 7,925.30 294.09
2016-09-30 3,420.81 8,286.81 349.90
2016-06-30 3,409.02 8,219.87 390.01
2016-03-31 3,291.82 8,228.01 505.80
2015-12-31 3,366.14 8,405.72 627.48
2015-09-30 3,519.66 8,748.01 551.92
2015-06-30 3,560.25 8,940.96 557.09
2015-03-31 2,778.22 3,171.00 317.04
2014-12-31 2,947.72 3,039.17 317.11
2014-09-30 3,480.04 3,738.20 575.05
2014-06-30 3,430.41 3,965.20 504.58
2014-03-31 3,491.26 3,935.92 353.15
2013-12-31 3,585.39 4,032.93 577.18
2013-09-30 3,574.99 4,117.15 577.66
2013-06-30 3,486.97 3,922.13 449.74
2013-03-31 3,612.73 3,837.38 456.44
2012-12-31 3,483.77 3,967.02 600.91
2012-09-30 3,389.70 3,539.67 251.76
2012-06-30 3,368.65 3,488.52 140.39
  • International Game Technology's level of debt (306.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (112.8% vs 306.5% today).
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.

  • International Game Technology has less than a year of cash runway based on current free cash flow.
  • International Game Technology has less than a year of cash runway if free cash flow continues to grow at historical rates of 75.5% each year.
X
Financial health checks
We assess International Game Technology'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. International Game Technology has a total score of 0/6, 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.

7IG Dividends

 What is International Game Technology'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
6.05%
Current annual income from International Game Technology dividends. Estimated to be 6.21% next year.
If you bought €2,000 of International Game Technology shares you are expected to receive €121 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?
  • International Game Technology's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • International Game Technology's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
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
DB:7IG 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 11 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:7IG Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.80 4.00
2020-12-31 0.83 7.00
2019-12-31 0.82 7.00
DB:7IG Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-07 0.800 5.884
2018-10-31 0.800 4.977
2018-05-25 0.800 3.784
2018-05-21 0.800 2.871
2018-03-15 0.800 2.884
2018-03-08 0.800 2.673
2017-08-01 0.800 3.256
2017-05-25 0.800 4.324
2017-04-26 0.800 3.752
2017-04-20 0.800 3.618
2017-03-09 0.800 3.432
2016-07-26 0.800 3.143
2016-05-26 0.800 4.173
2015-11-10 0.800 5.028
2015-08-11 0.800 4.768

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

  • Whilst dividend payments have been stable, International Game Technology has been paying a dividend for less than 10 years.
  • International Game Technology has only been paying a dividend for 4 years, and since then there has been no growth.
Current Payout to shareholders
What portion of International Game Technology's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess International Game Technology's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 International Game Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. International Game Technology has a total score of 3/6, see the detailed checks below.


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

7IG Management

 What is the CEO of International Game Technology'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
Marco Sala
COMPENSATION $13,017,276
AGE 59
TENURE AS CEO 4.2 years
CEO Bio

Mr. Marco Sala serves as Chief Executive Officer of International Game Technology. Mr. Sala has been Chief Executive Officer of International Game Technology PLC since April 7, 2015. Mr. Sala served as the Vice General Director and Deputy General Manager of Banco di Desio e della Brianza S.p.A. Prior to joining Lottomatica, Mr. Sala served as Head of the Business Directories for Seat Pagine Gialle, a position that included responsibility for Thomson (Great Britain), Euredit (France) and Kompas (Italy) going concerns. He served as Chief Executive Officer of GTECH S.p.A. (formerly Lottomatica Group) from April 2009 to April 2015. He joined GTECH S.p.A as Co-General Manager in 2003. Since August 2006, he served as Managing Director with responsibility for its Italian Operations and other European activities. Prior to joining GTECH, he served as Chief Executive Officer of Buffetti. Prior to Buffetti, he served as Head of the Italian Business Directories Division for SEAT Pagine Gialle. He was Head of Business Directories with responsibility for a number of international companies such as Thomson (Great Britain), Euredit (France) and Kompass (Italy). Mr. Sala served as General Manager and Managing Director of International Game Technology and International Game Technology PLC. Since November 2005, he served as Chief Executive Officer of the De Agostini Group, an Italian Financial group with ownership in the publishing sector (De Agostini Editore), games and lotteries (Lottomatica/GTECH), media and communications (Antena Tres - Spanish television leader, Zodiak Media Group), in the financial investments (DeA Capital). Mr. Sala has also held senior management positions with Magneti Marelli (a Fiat Group company) as Head of the Lubricants Division and served as its Head of the Spare Parts Division. He joined Kraft Foods in March 1985, he held a twelve-year career with Kraft Foods that included various roles in the Marketing Department and also Sales Director of the Fresh Food Division. He serves as Chairman of the Board of Directors of DeA Capital, companies listed on the Milan stock market, chairman of Zodiak Media, Deputy Chairman of the Supervisory Board of Générale de Santé and he is member of the Executive Committee and Board of Directors of Assicurazioni Generali S.p.A. He also serves as member of the Advisory Boards of Investitori Associati IV, Wisequity II e Macchine Italia and Palamon Capital Partners. Since 2006, he has been a Member of the Global Clinton Initiative. He serves as a Non-Executive Director at Greek Organisation of Football Prognostics S.A.( formerly known as Opap SA). He serves as a Director of GTECH Corporation; International Game Technology; and Invest Games S.A. He served as a Director of GTECH Holdings Corporation. He has been an Executive Director of International Game Technology PLC since April 7, 2015. He was a Member of the Boards of Directors of Enel, INAAssitalia, Toro Assicurazioni and of the Advisory Board of Lehman Brothers Merchant Banking. Mr. Sala graduated in Business and Economics from Bocconi University.

CEO Compensation
  • Marco's compensation has increased whilst company is loss making.
  • Marco's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the International Game Technology management team in years:

2.2
Average Tenure
54.5
Average Age
  • The tenure for the International Game Technology management team is about average.
Management Team

Marco Sala

TITLE
CEO & Executive Director
COMPENSATION
$13M
AGE
59
TENURE
4.2 yrs

Alberto Fornaro

TITLE
Executive VP & CFO
AGE
53
TENURE
7.8 yrs

Renato Ascoli

TITLE
Chief Executive Officer of North America
AGE
57

Walter Bugno

TITLE
Chief Executive Officer of International
AGE
58

Fabio Celadon

TITLE
Senior Vice President of Gaming Portfolio
AGE
46

Scott Gunn

TITLE
Senior Vice President of Corporate Public Affairs
AGE
52
TENURE
0.3 yrs

Jim Hurley

TITLE
Senior Vice President of Investor Relations

Christopher Spears

TITLE
Senior Vice President & General Counsel

Wendy Montgomery

TITLE
Senior Vice President of Global Brand
AGE
55
TENURE
0.3 yrs

Ken Bossingham

TITLE
Senior Vice President of Sales
AGE
54
TENURE
2.2 yrs
Board of Directors Tenure

Average tenure and age of the International Game Technology board of directors in years:

4.2
Average Tenure
63
Average Age
  • The tenure for the International Game Technology board of directors is about average.
Board of Directors

Lorenzo Pellicioli

TITLE
Chairperson of the Board
COMPENSATION
$387K
AGE
67
TENURE
0.6 yrs

Marco Sala

TITLE
CEO & Executive Director
COMPENSATION
$13M
AGE
59
TENURE
4.2 yrs

Jim McCann

TITLE
Vice Chairperson & Lead Independent Director
COMPENSATION
$409K
AGE
67
TENURE
0.6 yrs

Gianmario Tondato Ruos

TITLE
Independent Non-Executive Director
COMPENSATION
$417K
AGE
58
TENURE
4.2 yrs

Vince Sadusky

TITLE
Independent Non-Executive Director
COMPENSATION
$441K
AGE
53
TENURE
4.2 yrs

Marco Drago

TITLE
Non-Executive Director
COMPENSATION
$387K
AGE
72
TENURE
4.2 yrs

Alberto Dessy

TITLE
Independent Non-Executive Director
COMPENSATION
$398K
AGE
65
TENURE
4.2 yrs

Paget Alves

TITLE
Independent Non-Executive Director
COMPENSATION
$394K
AGE
63
TENURE
4.2 yrs

Heather McGregor

TITLE
Independent Director
COMPENSATION
$394K
AGE
56
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess International Game Technology'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. International Game Technology 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.

7IG News

Simply Wall St News

7IG Company Info

Description

International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy. It designs, sells, and operates a suite of point-of-sale terminals that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services. The company also provides video lottery terminals (VLT), VLT central systems, and VLT games; and amusement with prize machines and games to licensed operators. In addition, it provides sports betting platform that offers betting on sports and motor sports events, as well as non-sporting events; interactive and social gaming, which enables game play through the Internet; gaming management systems for casino management, customer relationship management, patron management, and server-based gaming; and designs, develops, manufactures, and provides cabinets, games, systems, and software. Further, the company processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, and stamp duty and money transfers services. Additionally, it designs, manufactures, and distributes poker, online casino table games, slot games, bingo, virtual reality, and player account management systems services. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was incorporated in 2014 and is headquartered in London, the United Kingdom.

Details
Name: International Game Technology PLC
7IG
Exchange: DB
Founded: 2014
$2,409,619,603
204,391,203
Website: http://www.igt.com
Address: International Game Technology PLC
Marble Arch House,
2nd Floor,
London,
Greater London, W1H 5BT,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE IGT Ordinary Shares New York Stock Exchange US USD 07. Apr 2015
DB 7IG Ordinary Shares Deutsche Boerse AG DE EUR 07. Apr 2015
Number of employees
Current staff
Staff numbers
12,100
International Game Technology employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 22:18
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/05/31
Last earnings filing: 2019/06/10
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.