DB:PSG

Stock Analysis Report

Gaming Partners International

Executive Summary

Gaming Partners International Corporation, together with its subsidiaries, manufactures and supplies casino table game equipment in the Americas, the Asia-Pacific, Europe, and Africa.

Snowflake

Fundamentals

Flawless balance sheet with moderate growth potential.

Share Price & News

How has Gaming Partners International's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.2%

PSG

14.2%

DE Hospitality

3.9%

DE Market


1 Year Return

65.7%

PSG

-16.8%

DE Hospitality

3.4%

DE Market


Shareholder returns

PSGIndustryMarket
7 Day0.2%14.2%3.9%
30 Day5.6%22.3%2.1%
90 Day8.3%26.9%3.7%
1 Year67.2%65.7%-11.1%-16.8%6.7%3.4%
3 Year61.7%56.8%16.3%0.7%18.9%8.6%
5 Year115.2%108.6%36.2%9.2%41.8%22.5%

Price Volatility Vs. Market

How volatile is Gaming Partners International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Gaming Partners International undervalued compared to its fair value and its price relative to the market?

29.48x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: PSG (€12.18) is trading above our estimate of fair value (€0.02)

Significantly Undervalued: PSG is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PSG is poor value based on its PE Ratio (29.5x) compared to the Hospitality industry average (32.3x).

PE vs Market: PSG is poor value based on its PE Ratio (29.5x) compared to the German market (19.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate PSG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PSG is good value based on its PB Ratio (1.7x) compared to the DE Hospitality industry average (2.6x).


Next Steps

Future Growth

How is Gaming Partners International forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PSG's forecast earnings growth (21.4% per year) is above the savings rate (0.2%).

Earnings vs Market: PSG's earnings (21.4% per year) are forecast to grow faster than the German market (12.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: Insufficient data to determine if PSG's revenue is forecast to grow faster than the German market.

High Growth Revenue: Insufficient data to determine if PSG's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has Gaming Partners International performed over the past 5 years?

14.6%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PSG's earnings have grown by 14.6% per year over the past 5 years.

Accelerating Growth: PSG's earnings growth over the past year (2.5%) is below its 5-year average (14.6% per year).

Earnings vs Industry: PSG earnings growth over the past year (2.5%) exceeded the Hospitality industry -28.4%.


Return on Equity

High ROE: PSG's Return on Equity (5.8%) is considered low.


Return on Assets

ROA vs Industry: PSG's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: PSG's Return on Capital Employed has declined over the past 3 years.


Next Steps

Financial Health

How is Gaming Partners International's financial position?


Financial Position Analysis

Short Term Liabilities: PSG's short term assets ($39.1M) exceeds its short term liabilities ($14.8M)

Long Term Liabilities: PSG's short term assets (39.1M) exceeds its long term liabilities (1.0M)


Debt to Equity History and Analysis

Debt Level: PSG is debt free.

Reducing Debt: PSG had no debt 5 years ago.

Debt Coverage: PSG has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PSG has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is Gaming Partners International's current dividend yield, its reliability and sustainability?

0.87%

Current Dividend Yield


Dividend Yield vs Market

company0.9%marketbottom25%1.5%markettop25%3.8%industryaverage6.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PSG's dividend (0.87%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.46%).

High Dividend: PSG's dividend (0.87%) is low compared to the top 25% of dividend payers in the German market (3.83%).

Stable Dividend: Whilst dividend payments have been stable, PSG has been paying a dividend for less than 10 years.

Growing Dividend: PSG has only been paying a dividend for 8 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Gaming Partners International's salary, the management and board of directors tenure and is there insider trading?

12.3yrs

Average board tenure


CEO

Alain Thieffry (62yo)

0.7yrs

Tenure

US$135,510

Compensation

Mr. Alain M. Thieffry has been Chief Financial Officer of Gaming Partners International Corporation since January 2016. He is also its Chief Executive Officer, Treasurer and Secretary at Gaming Partners In ...


CEO Compensation Analysis

Information is not available.

Compensation vs Earnings: Alain's compensation has increased by more than 20% in the past year.


Board Age and Tenure

12.3yrs

Average Tenure

62.5yo

Average Age

Experienced Board: PSG's board of directors are seasoned and experienced ( 12.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Alain Thieffry (62yo)

    Chairman

    • Tenure: 0.7yrs
    • Compensation: US$135.51k
  • Alexandre Thieffry

    Executive Vice President of Finance

    • Tenure: 3.3yrs
  • Benjamin Comin

    Corporate Counsel

    • Tenure: 0yrs

Board Members

  • Eric Endy (63yo)

    Independent Director

    • Tenure: 26.3yrs
    • Compensation: US$29.00k
  • Alain Thieffry (62yo)

    Chairman

    • Tenure: 0.7yrs
    • Compensation: US$135.51k
  • Martin Berkowitz (70yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$169.77k
  • Robert Kelly (62yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: US$247.68k
  • Chuck Henry (80yo)

    Independent Director

    • Tenure: 12.9yrs
    • Compensation: US$123.62k
  • Jean-Francois Lendais (54yo)

    Director

    • Tenure: 9yrs
    • Compensation: US$36.87k

Company Information

Gaming Partners International Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gaming Partners International Corporation
  • Ticker: PSG
  • Exchange: DB
  • Founded: 1963
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: US$111.177m
  • Listing Market Cap: US$99.437m
  • Shares outstanding: 8.09m
  • Website: https://www.gpigaming.com

Number of Employees


Location

  • Gaming Partners International Corporation
  • 3945 West Cheyenne Avenue
  • Suite 208
  • North Las Vegas
  • Nevada
  • 89032
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GPICNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDMar 1994
PSGDB (Deutsche Boerse AG)YesCommon StockDEEURMar 1994

Biography

Gaming Partners International Corporation, together with its subsidiaries, manufactures and supplies casino table game equipment in the Americas, the Asia-Pacific, Europe, and Africa. It offers American-st ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/05/02 21:20
End of Day Share Price2019/04/30 00:00
Earnings2018/12/31
Annual Earnings2018/12/31


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.