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IGG

DB:I91
Snowflake Description

Flawless balance sheet with solid track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
I91
DB
HK$14B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

IGG Inc, an investment holding company, engages in the development and operation of mobile and online games in Asia, North America, Europe, and internationally. The last earnings update was 23 days ago. More info.


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I91 Share Price and Events
7 Day Returns
-0.3%
DB:I91
0.7%
DE Entertainment
1.8%
DE Market
1 Year Returns
10.4%
DB:I91
12.5%
DE Entertainment
-6%
DE Market
I91 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
IGG (I91) -0.3% -3.3% -8.6% 10.4% 205.5% 81.4%
DE Entertainment 0.7% 5.7% 13.9% 12.5% 35.7% 73.7%
DE Market 1.8% 4.6% 7.4% -6% 10.1% 15.3%
1 Year Return vs Industry and Market
  • I91 underperformed the Entertainment industry which returned 12.5% over the past year.
  • I91 outperformed the Market in Germany which returned -6% over the past year.
Price Volatility
I91
Industry
5yr Volatility vs Market
Related Companies

Value

 Is IGG 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 IGG 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 IGG.

DB:I91 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6%
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:I91
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.958 (1 + (1- 17%) (0%))
0.972
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.97
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.972 * 5.96%)
6.02%

Discounted Cash Flow Calculation for DB:I91 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for IGG 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:I91 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.02%)
2019 174.00 Analyst x3 164.12
2020 209.58 Analyst x4 186.45
2021 234.50 Analyst x2 196.78
2022 237.62 Est @ 1.33% 188.07
2023 239.99 Est @ 1% 179.17
2024 241.84 Est @ 0.77% 170.29
2025 243.30 Est @ 0.61% 161.60
2026 244.50 Est @ 0.49% 153.17
2027 245.51 Est @ 0.41% 145.07
2028 246.39 Est @ 0.36% 137.32
Present value of next 10 years cash flows $1,682.04
DB:I91 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $246.39 × (1 + 0.23%) ÷ (6.02% – 0.23%)
$4,263.53
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $4,263.53 ÷ (1 + 6.02%)10
$2,376.20
DB:I91 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $1,682.04 + $2,376.20
$4,058.24
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $4,058.24 / 1,278.64
$28.81
DB:I91 Discount to Share Price
Calculation Result
Exchange Rate USD/HKD
(Reporting currency to currency of SEHK:799)
7.845
Value per Share
(HKD)
= Value per Share in USD x Exchange Rate (USD/HKD)
= $3.17 x 7.845
HK$24.9
Non-primary Listing Adjustment Factor 1 share in DB:I91 represents 0.11017x of SEHK:799
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.11017x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (HKD) x Listing Adjustment Factor
= HK$ 24.90 x 0.11017
€2.74
Value per share (EUR) From above. €2.74
Current discount Discount to share price of €1.17
= -1 x (€1.17 - €2.74) / €2.74
57.3%

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

Current Discount
Amount off the current price IGG is available for.
Intrinsic value
>50%
Share price is €1.17 vs Future cash flow value of €2.74
Current Discount Checks
For IGG to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • IGG's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • IGG'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 IGG's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are IGG's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:I91 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.15
SEHK:799 Share Price ** SEHK (2019-04-18) in HKD HK$10.62
SEHK:799 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $1.35
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 19.8x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.59x

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

** Primary Listing of IGG.

DB:I91 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SEHK:799 Share Price ÷ EPS (both in USD)

= 1.35 ÷ 0.15

9.23x

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

  • IGG is good value based on earnings compared to the DE Entertainment industry average.
  • IGG is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does IGG's expected growth come at a high price?
Raw Data
DB:I91 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.23x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
7.8%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.67x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:I91 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.23x ÷ 7.8%

1.19x

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

  • IGG is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on IGG's assets?
Raw Data
DB:I91 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.22
SEHK:799 Share Price * SEHK (2019-04-18) in HKD HK$10.62
SEHK:799 Share Price converted to USD reporting currency Exchange rate (HKD/ USD) 0.127 $1.35
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.56x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:I91 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SEHK:799 Share Price ÷ Book Value per Share (both in USD)

= 1.35 ÷ 0.22

6.09x

* Primary Listing of IGG.

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

  • IGG is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess IGG'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 Entertainment 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 Entertainment industry average (and greater than 0)? (1 check)
  5. IGG 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 IGG expected to perform in the next 1 to 3 years based on estimates from 14 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
7.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is IGG expected to grow at an attractive rate?
  • IGG's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • IGG's earnings growth is positive but not above the Germany market average.
  • IGG's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:I91 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:I91 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 7.8%
DB:I91 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 7.1%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 23%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*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:I91 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:I91 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 919 229 235 8
2020-12-31 880 236 219 14
2019-12-31 812 203 193 14
DB:I91 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 749 239 189
2018-09-30 736 224 184
2018-06-30 722 209 178
2018-03-31 665 190 167
2017-12-31 607 172 156
2017-09-30 538 157 140
2017-06-30 470 141 123
2017-03-31 396 108 98
2016-12-31 322 74 73
2016-09-30 273 60 58
2016-06-30 225 45 43
2016-03-31 212 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • IGG's earnings are expected to grow by 7.8% yearly, however this is not considered high growth (20% yearly).
  • IGG's revenue is expected to grow by 7.1% 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:I91 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 14 Analyst Estimates (S&P Global) See Below

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

DB:I91 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.18 0.19 0.16 6.00
2020-12-31 0.17 0.21 0.13 11.00
2019-12-31 0.15 0.16 0.14 11.00
DB:I91 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.15
2018-09-30 0.14
2018-06-30 0.13
2018-03-31 0.13
2017-12-31 0.12
2017-09-30 0.10
2017-06-30 0.09
2017-03-31 0.07
2016-12-31 0.05
2016-09-30 0.04
2016-06-30 0.03
2016-03-31 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.
  • IGG is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess IGG'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.
IGG 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.

Past Performance

  How has IGG 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 IGG's growth in the last year to its industry (Entertainment).
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.
  • IGG has delivered over 20% year on year earnings growth in the past 5 years.
  • IGG's 1-year earnings growth is less than its 5-year average (21.2% vs 37.6%)
  • IGG's earnings growth has exceeded the DE Entertainment industry average in the past year (21.2% vs -6%).
Earnings and Revenue History
IGG'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 IGG Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:I91 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 748.79 189.18 231.25 63.60
2018-09-30 735.50 183.55 233.22 58.74
2018-06-30 722.22 177.93 235.20 53.89
2018-03-31 664.74 166.98 213.83 50.29
2017-12-31 607.25 156.03 192.46 46.70
2017-09-30 538.41 139.62 162.86 44.08
2017-06-30 469.58 123.22 133.25 41.46
2017-03-31 395.83 97.92 118.47 38.71
2016-12-31 322.09 72.62 103.69 35.96
2016-09-30 273.44 57.71 89.77 33.12
2016-06-30 224.79 42.80 75.85 30.29
2016-03-31 211.98 40.60 69.76 29.44
2015-12-31 202.55 41.49 63.49 26.94
2015-09-30 213.71 48.45 67.34 25.47
2015-06-30 216.51 58.24 67.09 23.18
2015-03-31 214.14 66.68 62.03 19.55
2014-12-31 204.61 66.37 59.74 17.20
2014-09-30 180.77 60.67 54.97 14.54
2014-06-30 151.12 47.04 48.99 12.38
2014-03-31 117.62 24.49 43.72 10.80
2013-12-31 87.99 6.95 34.10 9.33
2013-09-30 63.90 -6.91 26.49 8.51
2012-12-31 43.15 -13.11 19.16 6.33

*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.
  • IGG made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • IGG used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • IGG has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess IGG'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 Entertainment 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.
IGG has a total score of 5/6, 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 IGG'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 IGG's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • IGG is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • IGG's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of IGG'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.
  • IGG has no debt, it does not need to be covered by short term assets.
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 IGG Company Filings, last reported 3 months ago.

DB:I91 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 281.38 0.00 288.46
2018-09-30 281.38 0.00 288.46
2018-06-30 261.60 0.00 282.88
2018-03-31 261.60 0.00 282.88
2017-12-31 227.82 0.00 222.36
2017-09-30 227.82 0.00 222.36
2017-06-30 241.08 0.00 237.33
2017-03-31 241.08 0.00 237.33
2016-12-31 195.66 0.00 184.33
2016-09-30 195.66 0.00 184.33
2016-06-30 169.86 0.00 158.75
2016-03-31 169.86 0.00 158.75
2015-12-31 191.25 0.00 185.50
2015-09-30 191.25 0.00 185.50
2015-06-30 182.96 0.00 173.10
2015-03-31 187.28 0.00 181.09
2014-12-31 187.28 0.00 181.09
2014-09-30 166.62 0.00 157.54
2014-06-30 166.62 0.00 157.54
2014-03-31 135.77 0.00 135.49
2013-12-31 135.77 0.00 135.49
2013-09-30
2012-12-31 10.76 0.00 15.14
  • IGG has no debt.
  • IGG has not taken on any debt in the past 5 years.
  • IGG has no debt, it does not need to be covered by operating cash flow.
  • IGG has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess IGG'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. IGG 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 IGG'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
3.25%
Current annual income from IGG dividends. Estimated to be 4.11% next year.
If you bought €2,000 of IGG shares you are expected to receive €65 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?
  • IGG's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.43%).
  • IGG's dividend is below the markets top 25% of dividend payers in Germany (3.71%).
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:I91 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 14 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
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 3.7%

Industry and Market average data is calculated daily.

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

DB:I91 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.07 5.00
2020-12-31 0.05 8.00
2019-12-31 0.05 7.00
DB:I91 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-29 0.044 3.194
2019-03-06 0.044 3.154
2018-08-17 0.074 5.800
2018-08-08 0.074 5.985
2018-03-29 0.064 4.577
2018-03-12 0.064 4.412
2017-09-07 0.062 5.172
2017-08-28 0.062 3.984
2017-03-22 0.023 1.539
2016-09-08 0.028 3.792
2016-03-29 0.026 5.704
2015-09-11 0.010 2.333
2015-08-27 0.010 2.684
2015-03-12 0.014 2.265
2015-03-09 0.014 2.977
2014-11-10 0.014 3.631
2014-08-08 0.014 2.749
2014-03-28 0.002 0.289

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

  • IGG has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but IGG only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of IGG's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess IGG'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 IGG afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. IGG 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.

Management

 What is the CEO of IGG'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
Duke Cai
COMPENSATION $2,453,000
AGE 40
CEO Bio

Mr. Zongjian Cai, also known as Duke, co-founded IGG Inc. in 2005 and serves as its Chief Executive Officer. Mr. Cai has been an Executive Director of IGG Inc. since October 31, 2007 and also serves as its Chairman. Mr. Cai is primarily responsible for the corporate strategic planning and overall business development of the Group. Mr. Cai has approximately 15 years of experience in online game industry. He worked at Fujian NetDragon Computer Information Network Technology Co., Ltd., as a vice president from May 2000 to November 2003 by whom 17173.com was developed. Mr. Cai also worked as the chief executive officer of 17173.com, which is acquired by Sohu.com Inc. from November 2003 to January 2005 and a consultant for both Beijing Sohu New Era Information Technology Co., Ltd., and 17173.com from January 2005 to June 2005. Mr. Cai graduated from Fuzhou University with a college diploma in computer and accounting in June 1998.

CEO Compensation
  • Duke 's compensation has increased by more than 20% in the past year.
  • Duke 's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the IGG management team in years:

4.4
Average Tenure
45.5
Average Age
  • The tenure for the IGG management team is about average.
Management Team

Duke Cai

TITLE
Co-Founder
COMPENSATION
$2M
AGE
40

Kevin Xu

TITLE
Co-Founder
COMPENSATION
$2M
AGE
43
TENURE
14.3 yrs

Jessie Shen

TITLE
CFO, Joint Secretary & Executive Director
COMPENSATION
$1M
AGE
47
TENURE
4.4 yrs

Hong Zhang

TITLE
CTO, Senior VP of Global Operations & Executive Director
COMPENSATION
$1M
AGE
46

Feng Chen

TITLE
Senior VP of Corporate Strategy & Executive Director
COMPENSATION
$64K
AGE
45
TENURE
2.3 yrs

Yvonne Kwong

TITLE
Joint Secretary
AGE
63
Board of Directors Tenure

Average tenure and age of the IGG board of directors in years:

3.7
Average Tenure
47
Average Age
  • The tenure for the IGG board of directors is about average.
Board of Directors

Duke Cai

TITLE
Co-Founder
COMPENSATION
$2M
AGE
40

Kevin Xu

TITLE
Co-Founder
COMPENSATION
$2M
AGE
43
TENURE
3.7 yrs

Jessie Shen

TITLE
CFO, Joint Secretary & Executive Director
COMPENSATION
$1M
AGE
47
TENURE
2.8 yrs

Hong Zhang

TITLE
CTO, Senior VP of Global Operations & Executive Director
COMPENSATION
$1M
AGE
46
TENURE
3.7 yrs

Feng Chen

TITLE
Senior VP of Corporate Strategy & Executive Director
COMPENSATION
$64K
AGE
45
TENURE
2.8 yrs

Horn Kee Leong

TITLE
Independent Non-Executive Director
COMPENSATION
$52K
AGE
66
TENURE
5.6 yrs

Zhao Lu

TITLE
Independent Non-Executive Director
COMPENSATION
$31K
AGE
50
TENURE
5.6 yrs

Edmond Chi

TITLE
Non-Executive Director
COMPENSATION
$93K
AGE
61
TENURE
3.7 yrs

Dajian Yu

TITLE
Independent Non-Executive Director
COMPENSATION
$31K
AGE
69
TENURE
5.6 yrs

Meijia Chen

TITLE
Director of IGG HK
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 (€)
18. Oct 18 Buy Dajian Yu Individual 12. Oct 18 12. Oct 18 30,000 €0.93 €28,039
11. Oct 18 Buy Dajian Yu Individual 08. Oct 18 08. Oct 18 15,000 €1.04 €15,556
20. Jun 18 Sell J.P. Morgan Asset Management, Inc. Company 15. Jun 18 15. Jun 18 -3,942,000 €1.22 €-4,807,357
X
Management checks
We assess IGG'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. IGG 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

IGG Inc, an investment holding company, engages in the development and operation of mobile and online games in Asia, North America, Europe, and internationally. The company offers free-to-play mobile, browser, and client-based online games in 20 languages. It also licenses online games; researches and develops games; and provides customer support services. The company was founded in 2006 and is headquartered in Singapore.

Details
Name: IGG Inc
I91
Exchange: DB
Founded: 2006
HK$1,539,191,645
1,278,640,299
Website: http://www.igg.com
Address: IGG Inc
80 Pasir Panjang Road,
No 18-84 Mapletree Business City,
Singapore,
117372,
Singapore
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SEHK 799 Ordinary Shares The Stock Exchange of Hong Kong Ltd. HK HKD 18. Oct 2013
OTCPK IGGG.F Ordinary Shares Pink Sheets LLC US USD 18. Oct 2013
DB I91 Ordinary Shares Deutsche Boerse AG DE EUR 18. Oct 2013
SHSC 799 Ordinary Shares Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect HK HKD 18. Oct 2013
SZSC 799 Ordinary Shares The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect HK HKD 18. Oct 2013
Number of employees
Current staff
Staff numbers
1,421
IGG employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/21 21:38
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/25
Last earnings filing: 2019/03/29
Last earnings reported: 2018/12/31
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.