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Great Canadian Gaming

DB:K3W
Snowflake Description

Outstanding track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
K3W
DB
CA$3B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Great Canadian Gaming Corporation operates gaming properties in Canada and the United States. The last earnings update was 49 days ago. More info.


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K3W Share Price and Events
7 Day Returns
1.6%
DB:K3W
-2.7%
DE Hospitality
1.6%
DE Market
1 Year Returns
-1.9%
DB:K3W
-52.3%
DE Hospitality
-7.4%
DE Market
K3W Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Great Canadian Gaming (K3W) 1.6% 3.5% -10.4% -1.9% - -
DE Hospitality -2.7% -3.6% -8% -52.3% -25.6% -30.6%
DE Market 1.6% 1.5% 3% -7.4% 14.7% 9.4%
1 Year Return vs Industry and Market
  • K3W outperformed the Hospitality industry which returned -52.3% over the past year.
  • K3W outperformed the Market in Germany which returned -7.4% over the past year.
Price Volatility
K3W
Industry
5yr Volatility vs Market

Value

 Is Great Canadian 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 Great Canadian 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 Great Canadian Gaming.

DB:K3W Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 5 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
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:K3W
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
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))
= 0.924 (1 + (1- 26.5%) (58.64%))
1.216
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.216 * 5.96%)
7.47%

Discounted Cash Flow Calculation for DB:K3W using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Great Canadian 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.

DB:K3W DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 7.47%)
2019 -78.00 Analyst x1 -72.58
2020 90.00 Analyst x1 77.92
2021 69.09 Est @ -23.23% 55.65
2022 57.90 Est @ -16.19% 43.40
2023 51.38 Est @ -11.27% 35.83
2024 47.36 Est @ -7.82% 30.73
2025 44.80 Est @ -5.4% 27.05
2026 43.14 Est @ -3.71% 24.23
2027 42.04 Est @ -2.53% 21.98
2028 41.33 Est @ -1.7% 20.10
Present value of next 10 years cash flows CA$264.31
DB:K3W DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CA$41.33 × (1 + 0.23%) ÷ (7.47% – 0.23%)
CA$571.61
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$571.61 ÷ (1 + 7.47%)10
CA$278.00
DB:K3W Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$264.31 + CA$278.00
CA$542.31
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$542.31 / 59.25
CA$9.15
DB:K3W Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:K3W represents 0.66003x of TSX:GC
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.66003x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 9.15 x 0.66003
€6.04
Value per share (EUR) From above. €6.04
Current discount Discount to share price of €29.33
= -1 x (€29.33 - €6.04) / €6.04
-385.4%

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

  • The current share price of Great Canadian Gaming is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 Great Canadian Gaming's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Great Canadian Gaming's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:K3W PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CAD CA$2.57
TSX:GC Share Price ** TSX (2019-06-24) in CAD CA$44.43
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18x
Germany Market PE Ratio Median Figure of 425 Publicly-Listed Companies 20.07x

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

** Primary Listing of Great Canadian Gaming.

DB:K3W PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GC Share Price ÷ EPS (both in CAD)

= 44.43 ÷ 2.57

17.32x

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

  • Great Canadian Gaming is good value based on earnings compared to the DE Hospitality industry average.
  • Great Canadian Gaming is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Great Canadian Gaming's expected growth come at a high price?
Raw Data
DB:K3W PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.32x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
Not available
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.27x
Germany Market PEG Ratio Median Figure of 272 Publicly-Listed Companies 1.46x

*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 Great Canadian Gaming, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Great Canadian Gaming's assets?
Raw Data
DB:K3W PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CAD CA$8.74
TSX:GC Share Price * TSX (2019-06-24) in CAD CA$44.43
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.13x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.8x
DB:K3W PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GC Share Price ÷ Book Value per Share (both in CAD)

= 44.43 ÷ 8.74

5.08x

* Primary Listing of Great Canadian Gaming.

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

  • Great Canadian Gaming is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Great Canadian 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. Great Canadian Gaming has a total score of 2/6, 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 Great Canadian Gaming expected to perform in the next 1 to 3 years based on estimates from 5 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
11.3%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is Great Canadian Gaming expected to grow at an attractive rate?
  • Great Canadian Gaming's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Great Canadian Gaming's earnings growth is positive but not above the Germany market average.
  • Great Canadian Gaming's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:K3W Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:K3W Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 11.3%
DB:K3W Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 6.2%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.4%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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:K3W Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:K3W Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,636 1
2021-12-31 1,510 1
2020-12-31 1,501 253 5
2019-12-31 1,369 243 5
DB:K3W Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-03-31 1,303 431 155
2018-12-31 1,221 422 151
2018-09-30 1,030 357 137
2018-06-30 846 296 111
2018-03-31 702 231 96
2017-12-31 614 192 84
2017-09-30 606 189 87
2017-06-30 598 188 87
2017-03-31 578 182 83
2016-12-31 566 177 76
2016-09-30 549 166 78
2016-06-30 514 148 73

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Great Canadian Gaming's earnings are expected to grow by 11.3% yearly, however this is not considered high growth (20% yearly).
  • Great Canadian Gaming's revenue is expected to grow by 6.2% 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:K3W 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 5 Analyst Estimates (S&P Global) See Below

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

DB:K3W Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 3.08 3.48 2.67 2.00
2019-12-31 2.74 2.90 2.57 2.00
DB:K3W Past Financials Data
Date (Data in CAD Millions) EPS *
2019-03-31 2.57
2018-12-31 2.49
2018-09-30 2.24
2018-06-30 1.82
2018-03-31 1.57
2017-12-31 1.38
2017-09-30 1.42
2017-06-30 1.43
2017-03-31 1.36
2016-12-31 1.22
2016-09-30 1.23
2016-06-30 1.12

*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 Great Canadian Gaming will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Great Canadian 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 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.
Great Canadian Gaming has a total score of 2/6, 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 Great Canadian 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 Great Canadian 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.
  • Great Canadian Gaming's year on year earnings growth rate has been positive over the past 5 years.
  • Great Canadian Gaming's 1-year earnings growth exceeds its 5-year average (61.5% vs 17.5%)
  • Great Canadian Gaming's earnings growth has exceeded the DE Hospitality industry average in the past year (61.5% vs -2.6%).
Earnings and Revenue History
Great Canadian 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 Great Canadian Gaming Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:K3W Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 1,302.60 154.60 407.70
2018-12-31 1,221.00 151.20 383.10
2018-09-30 1,030.00 136.70 315.80
2018-06-30 846.40 111.00 256.60
2018-03-31 702.10 95.70 210.20
2017-12-31 614.30 84.30 183.90
2017-09-30 606.30 87.00 182.30
2017-06-30 598.10 87.00 175.80
2017-03-31 577.60 83.10 164.30
2016-12-31 566.40 75.70 160.70
2016-09-30 548.90 77.70 154.60
2016-06-30 513.80 72.60 142.50
2016-03-31 485.40 68.90 135.20
2015-12-31 462.90 74.60 124.10
2015-09-30 453.10 78.60 111.70
2015-06-30 449.10 76.70 110.40
2015-03-31 451.70 77.50 109.80
2014-12-31 446.50 78.40 106.40
2014-09-30 432.40 64.00 110.30
2014-06-30 423.20 57.40 108.30
2014-03-31 410.60 48.80 106.20
2013-12-31 407.30 63.10 105.90
2013-09-30 408.50 58.40 98.90
2013-06-30 407.20 44.20 98.50
2013-03-31 406.40 35.60 99.30
2012-12-31 408.70 -27.60 100.90
2012-09-30 401.60 -27.80 102.40
2012-06-30 400.80 -19.00 102.00

*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.
  • Great Canadian Gaming has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Great Canadian Gaming used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Great Canadian Gaming has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Great Canadian 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.
Great Canadian 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 Great Canadian 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 Great Canadian Gaming's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Great Canadian Gaming is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Great Canadian Gaming's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Great Canadian 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 not covered by short term assets, assets are 0.7x 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 Great Canadian Gaming Company Filings, last reported 2 months ago.

DB:K3W Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 648.50 603.90 304.00
2018-12-31 622.70 631.60 336.80
2018-09-30 720.30 705.70 579.50
2018-06-30 650.40 704.30 495.90
2018-03-31 551.20 607.90 391.70
2017-12-31 470.20 482.60 322.30
2017-09-30 454.90 482.30 289.40
2017-06-30 439.40 481.90 270.60
2017-03-31 415.90 481.60 247.60
2016-12-31 389.30 478.30 228.70
2016-09-30 370.90 478.00 195.90
2016-06-30 337.10 477.60 159.00
2016-03-31 392.30 477.30 214.80
2015-12-31 379.60 443.00 207.50
2015-09-30 392.40 442.80 291.30
2015-06-30 369.70 442.50 291.40
2015-03-31 426.00 442.30 339.50
2014-12-31 400.30 442.00 330.60
2014-09-30 372.20 441.70 271.60
2014-06-30 349.00 441.50 243.80
2014-03-31 327.70 441.20 204.70
2013-12-31 307.50 441.00 192.60
2013-09-30 308.70 440.70 169.30
2013-06-30 304.70 440.40 169.70
2013-03-31 307.20 440.20 120.90
2012-12-31 280.30 439.90 121.10
2012-09-30 276.50 439.70 83.20
2012-06-30 368.10 397.10 140.00
  • Great Canadian Gaming's level of debt (93.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (134.5% vs 93.1% today).
  • Debt is well covered by operating cash flow (71.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Great Canadian 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. Great Canadian Gaming has a total score of 4/6, 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 Great Canadian 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 Great Canadian Gaming dividends.
If you bought €2,000 of Great Canadian Gaming shares you are expected to receive €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 Great Canadian Gaming's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Great Canadian 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
DB:K3W 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 5 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 328 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
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:K3W Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Great Canadian Gaming has not reported any payouts.
  • Unable to verify if Great Canadian Gaming's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Great Canadian Gaming's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Great Canadian 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 Great Canadian Gaming'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 Great Canadian Gaming afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Great Canadian 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 Great Canadian 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
Rod Baker
COMPENSATION CA$6,202,291
AGE 52
TENURE AS CEO 7.7 years
CEO Bio

Mr. Rodney N. Baker, also known as Rod, has been the Chief Executive Officer of Great Canadian Gaming Corporation since October 11, 2011 and has been as its President from January 1, 2010 and also served as its Corporate Secretary. Mr. Baker served as an Interim Chief Executive Officer of Great Canadian Gaming Corp., from September 6, 2011 to October 11, 2011. He has a background in corporate restructuring, has assisted Great Canadian in a senior advisory role for eighteen months. He has been President of 2201358 Ontario Inc. since March 2009. Mr. Baker has been President of Ridgeline Corporation since October 1994. His contributions have greatly improved the Great Canadian Gaming Corp.'s financial position. Mr. Baker assumes oversight and management of Great Canadian’s operations and both evaluate and advance available business opportunities. He has been a Non-Independent Director of Great Canadian Gaming Corporation. since June 23, 2010.

CEO Compensation
  • Rod's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rod's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Great Canadian Gaming management team in years:

1
Average Tenure
46.5
Average Age
  • The average tenure for the Great Canadian Gaming management team is less than 2 years, this suggests a new team.
Management Team

Rod Baker

TITLE
President
COMPENSATION
CA$6M
AGE
52
TENURE
7.7 yrs

Matt Newsome

TITLE
Vice President of Finance
COMPENSATION
CA$510K
AGE
39
TENURE
1.4 yrs

Terrance Doyle

TITLE
President of Strategic Growth & Chief Compliance Officer
COMPENSATION
CA$3M
AGE
45
TENURE
0.3 yrs

John Russo

TITLE
General Counsel
COMPENSATION
CA$1M
AGE
48
TENURE
0.6 yrs

Raj Mutti

TITLE
Executive Vice President of Operations - West
COMPENSATION
CA$443K
AGE
36
TENURE
0.5 yrs

Jackie Gorton

TITLE
Vice President of Technology Services & Business Intelligence
TENURE
2.6 yrs

Walter Soo

TITLE
Executive Vice-President of Player & Gaming Development
COMPENSATION
CA$534K
TENURE
4.3 yrs

Craig DeMarta

TITLE
Executive Vice President of Operations – GTA
AGE
61
TENURE
0.5 yrs

Ron Urquhart

TITLE
Vice President of Operations

G. Oliver

TITLE
Vice President of Great Canadian Casinos Inc
COMPENSATION
CA$78K
Board of Directors Tenure

Average tenure and age of the Great Canadian Gaming board of directors in years:

6
Average Tenure
63.5
Average Age
  • The tenure for the Great Canadian Gaming board of directors is about average.
Board of Directors

Peter Meredith

TITLE
Chairman
COMPENSATION
CA$266K
AGE
74
TENURE
4 yrs

Rod Baker

TITLE
President
COMPENSATION
CA$6M
AGE
52
TENURE
9 yrs

Thomas Gaffney

TITLE
Independent Director
COMPENSATION
CA$144K
AGE
68
TENURE
13 yrs

Larry Campbell

TITLE
Independent Director
COMPENSATION
CA$144K
AGE
70
TENURE
11 yrs

Mark Davis

TITLE
Independent Director
COMPENSATION
CA$194K
AGE
59
TENURE
6 yrs

Karen Keilty

TITLE
Independent Director
COMPENSATION
CA$194K
AGE
58
TENURE
4.5 yrs

Jacob Brouwer

TITLE
Member of the Advisory Board
COMPENSATION
CA$13K
AGE
91

Gordon Flatt

TITLE
Member of the Advisory Board

Chris Hart

TITLE
Director
COMPENSATION
CA$58K
AGE
59
TENURE
0.6 yrs

John Custode

TITLE
Executive Director AML
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Great Canadian Gaming individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
23. May 19 Buy Jackie Gorton Individual 21. May 19 21. May 19 500 €28.70 €14,351
09. May 19 Buy John Russo Individual 09. May 19 09. May 19 1,000 €28.64 €28,637
16. May 19 Buy David Desmarais Individual 16. May 19 16. May 19 500 €28.78 €14,386
14. May 19 Buy Christopher Roberts Individual 13. May 19 13. May 19 2,500 €27.34 €68,351
25. Apr 19 Sell Craig Betts Individual 25. Apr 19 25. Apr 19 -1,045 €35.14 €-36,723
07. Jan 19 Sell Patrick Ennis Individual 07. Jan 19 07. Jan 19 -6,667 €33.62 €-217,461
03. Dec 18 Sell Christopher Roberts Individual 29. Nov 18 29. Nov 18 -25,000 €33.91 €-847,856
18. Nov 18 Sell Michael Young Individual 16. Nov 18 16. Nov 18 -1,000 €34.06 €-34,060
18. Nov 18 Sell Chuck Keeling Individual 13. Nov 18 13. Nov 18 -400 €33.83 €-13,532
15. Nov 18 Sell Chuck Keeling Individual 13. Nov 18 14. Nov 18 -11,600 €34.18 €-393,980
12. Nov 18 Sell Radoslaw Kielar Individual 07. Nov 18 07. Nov 18 -1,667 €34.57 €-57,632
27. Sep 18 Buy Darren Gwozd Individual 27. Sep 18 27. Sep 18 1,200 €30.53 €36,633
X
Management checks
We assess Great Canadian 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. Great Canadian 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

Company Info

Description

Great Canadian Gaming Corporation operates gaming properties in Canada and the United States. The company’s gaming properties include casinos, horse racetrack casinos, community gaming centers, and commercial bingo halls. As of December 19, 2018, it had 29 gaming, entertainment, and hospitality facilities in Ontario, British Columbia, New Brunswick, Nova Scotia, and Washington State. The company was founded in 1982 and is based in Coquitlam, Canada.

Details
Name: Great Canadian Gaming Corporation
K3W
Exchange: DB
Founded: 1982
CA$1,749,936,230
59,245,679
Website: http://www.gcgaming.com
Address: Great Canadian Gaming Corporation
95 Schooner Street,
Coquitlam,
British Columbia, V3K 7A8,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GC Common Shares The Toronto Stock Exchange CA CAD 08. Jun 1998
OTCPK GCGM.F Common Shares Pink Sheets LLC US USD 08. Jun 1998
DB K3W Common Shares Deutsche Boerse AG DE EUR 08. Jun 1998
Number of employees
Current staff
Staff numbers
9,850
Great Canadian Gaming employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/24 22:52
End of day share price update: 2019/06/24 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/05/06
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.