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Atari

DB:IFGA
Snowflake Description

Excellent balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IFGA
DB
€98M
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Atari SA operates as a multi-platform, interactive entertainment, and licensing products company. The last earnings update was 115 days ago. More info.


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IFGA Share Price and Events
7 Day Returns
14.8%
DB:IFGA
1.8%
DE Entertainment
2.5%
DE Market
1 Year Returns
-40%
DB:IFGA
11.6%
DE Entertainment
-6.7%
DE Market
IFGA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Atari (IFGA) 14.8% 8.3% 8.6% -40% 123.5% 39.7%
DE Entertainment 1.8% 8.2% 18.1% 11.6% 32.9% 74.4%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • IFGA underperformed the Entertainment industry which returned 11.6% over the past year.
  • IFGA underperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
IFGA
Industry
5yr Volatility vs Market

IFGA Value

 Is Atari 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 Atari 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 Atari.

DB:IFGA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.7%
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:IFGA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6.7%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 33%) (0.62%))
0.975
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.975 * 6.65%)
6.71%

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

The calculations below outline how an intrinsic value for Atari 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:IFGA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.71%)
2019 6.70 Analyst x1 6.28
2020 5.10 Analyst x1 4.48
2021 6.00 Analyst x1 4.94
2022 6.69 Est @ 11.43% 5.16
2023 7.23 Est @ 8.07% 5.22
2024 7.64 Est @ 5.72% 5.17
2025 7.95 Est @ 4.07% 5.04
2026 8.18 Est @ 2.92% 4.86
2027 8.35 Est @ 2.11% 4.65
2028 8.48 Est @ 1.55% 4.43
Present value of next 10 years cash flows €50.23
DB:IFGA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €8.48 × (1 + 0.23%) ÷ (6.71% – 0.23%)
€131.07
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €131.07 ÷ (1 + 6.71%)10
€68.43
DB:IFGA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €50.23 + €68.43
€118.66
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €118.66 / 255.24
€0.46
DB:IFGA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:IFGA represents 0.99477x of ENXTPA:ATA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99477x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.46 x 0.99477
€0.46
Value per share (EUR) From above. €0.46
Current discount Discount to share price of €0.38
= -1 x (€0.38 - €0.46) / €0.46
17.8%

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

Current Discount
Amount off the current price Atari is available for.
Intrinsic value
18%
Share price is €0.38 vs Future cash flow value of €0.46247
Current Discount Checks
For Atari to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Atari's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Atari'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 Atari's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Atari's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:IFGA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in EUR €0.01
ENXTPA:ATA Share Price ** ENXTPA (2019-04-18) in EUR €0.38
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 17.2x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

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

** Primary Listing of Atari.

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

= ENXTPA:ATA Share Price ÷ EPS (both in EUR)

= 0.38 ÷ 0.01

33.62x

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

  • Atari is overvalued based on earnings compared to the DE Entertainment industry average.
  • Atari is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Atari's expected growth come at a high price?
Raw Data
DB:IFGA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 33.62x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
6.9%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 33.62x ÷ 6.9%

4.9x

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

  • Atari is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Atari's assets?
Raw Data
DB:IFGA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in EUR €0.09
ENXTPA:ATA Share Price * ENXTPA (2019-04-18) in EUR €0.38
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.59x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:IFGA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ENXTPA:ATA Share Price ÷ Book Value per Share (both in EUR)

= 0.38 ÷ 0.09

4.22x

* Primary Listing of Atari.

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

  • Atari is overvalued based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Atari'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. Atari has a total score of 0/6, 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.

IFGA Future Performance

 How is Atari expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
6.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Atari expected to grow at an attractive rate?
  • Atari's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Atari's earnings growth is positive but not above the Germany market average.
  • Atari's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:IFGA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:IFGA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 6.9%
DB:IFGA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 12.1%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
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:IFGA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:IFGA Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 28 4 1
2020-03-31 25 4 1
2019-03-31 23 5 1
DB:IFGA Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2018-09-30 20 4 3
2018-06-30 19 4 3
2018-03-31 18 4 2
2017-12-31 18 4 2
2017-09-30 18 4 1
2017-06-30 17 3 5
2017-03-31 15 3 8
2016-12-31 15 3 8
2016-09-30 14 3 9
2016-06-30 13 1 5
2016-03-31 12 -1 0
2015-12-31 10 0 1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Atari's earnings are expected to grow by 6.9% yearly, however this is not considered high growth (20% yearly).
  • Atari's revenue is expected to grow by 12.1% 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:IFGA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Atari Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IFGA Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 0.02 0.02 0.02 1.00
2020-03-31 0.01 0.01 0.01 1.00
2019-03-31 0.02 0.02 0.02 1.00
DB:IFGA Past Financials Data
Date (Data in EUR Millions) EPS *
2018-09-30 0.01
2018-06-30 0.01
2018-03-31 0.01
2017-12-31 0.01
2017-09-30 0.01
2017-06-30 0.02
2017-03-31 0.04
2016-12-31 0.04
2016-09-30 0.05
2016-06-30 0.02
2016-03-31 0.00
2015-12-31 0.01

*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 Atari will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Atari'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.
Atari 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.

IFGA Past Performance

  How has Atari 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 Atari'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.
  • Atari has delivered over 20% year on year earnings growth in the past 5 years.
  • Atari's 1-year earnings growth exceeds its 5-year average (114.3% vs 50.5%)
  • Atari's earnings growth has exceeded the DE Entertainment industry average in the past year (114.3% vs -6%).
Earnings and Revenue History
Atari'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 Atari Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:IFGA Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 20.30 3.00 7.90 5.80
2018-06-30 19.15 2.65 8.10 5.35
2018-03-31 18.00 2.30 8.30 4.90
2017-12-31 17.95 1.85 7.70 4.45
2017-09-30 17.90 1.40 7.10 4.00
2017-06-30 16.65 4.55 6.60 3.90
2017-03-31 15.40 7.70 6.10 3.80
2016-12-31 14.55 8.40 5.75 3.80
2016-09-30 13.70 9.10 5.40 3.80
2016-06-30 12.80 4.70 5.35 3.55
2016-03-31 11.90 0.30 5.30 3.30
2015-12-31 10.10 1.20 5.10 2.30
2015-09-30 8.30 2.10 4.90 1.30
2015-06-30 7.95 1.65 4.45 1.90
2015-03-31 7.60 1.20 4.00 2.50
2014-12-31 6.70 -1.20 3.25 3.20
2014-09-30 5.80 -3.60 2.50 3.90
2014-06-30 4.55 -3.05 1.90 2.55
2014-03-31 3.30 -2.50 1.30 1.20
2013-12-31 2.35 -3.55 0.40 0.60
2013-09-30 1.40 -4.60 -0.50
2013-06-30 1.30 -4.95 -0.30
2013-03-31 1.20 -5.30 -0.10
2012-12-31 11.00 -1.10 3.95 2.45
2012-09-30 20.80 3.10 8.00 4.90
2012-06-30 30.20 1.95 12.70 7.85

*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.
  • Atari has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Atari used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Atari's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Atari'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.
Atari has a total score of 4/6, 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.

IFGA Health

 How is Atari'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 Atari's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Atari is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Atari's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Atari'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 covered by short term assets, assets are 26.7x 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 Atari Company Filings, last reported 6 months ago.

DB:IFGA Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 23.10 0.60 8.80
2018-06-30 23.10 0.60 8.80
2018-03-31 13.80 0.60 3.10
2017-12-31 13.80 0.60 3.10
2017-09-30 7.80 2.00 1.10
2017-06-30 7.80 2.00 1.10
2017-03-31 7.40 2.00 1.10
2016-12-31 7.40 2.00 1.10
2016-09-30 1.50 4.50 0.90
2016-06-30 1.50 4.50 0.90
2016-03-31 -10.60 14.60 1.20
2015-12-31 -10.60 14.60 1.20
2015-09-30 -13.60 15.10 1.90
2015-06-30 -13.60 15.10 1.90
2015-03-31 -13.10 14.60 3.70
2014-12-31 -13.10 14.60 3.70
2014-09-30 -15.40 12.60 3.50
2014-06-30 -15.40 12.60 3.50
2014-03-31 -31.30 30.50 5.80
2013-12-31 -31.30 30.50 5.80
2013-09-30 -36.10 34.90 1.10
2013-06-30 -36.10 34.90 1.10
2013-03-31 -34.80 33.40 2.00
2012-12-31 -34.80 33.40 2.00
2012-09-30 -11.50 23.70 6.30
2012-06-30 -11.50 23.70 6.30
  • Atari's level of debt (2.6%) compared to net worth is satisfactory (less than 40%).
  • Atari had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (600%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Atari's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Atari'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. Atari has a total score of 5/6, 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.

IFGA Dividends

 What is Atari'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 Atari dividends.
If you bought €2,000 of Atari 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 Atari's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Atari'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:IFGA 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 1 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 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
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:IFGA Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31
2019-03-31

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

  • Unable to perform a dividend volatility check as Atari has not reported any payouts.
  • Unable to verify if Atari's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Atari's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Atari 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 Atari's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Atari afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Atari 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.

IFGA Management

 What is the CEO of Atari'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
Frédéric Chesnais
COMPENSATION €32,000
CEO Bio

Mr. Frédéric Chesnais has been Chairman of the Board and Chief Executive Officer of Atari, Inc., Atari Interactive Inc. and Atari société anonyme since February 2013. Mr. Chesnais founded Interactive Game Group, LLC in 2007 and serves as its Executive Producer. He served as the Chief Executive Officer of Atari Interactive Inc., a subsidiary of Atari. He served as an Executive Vice President at Atari société anonyme. He started his career as a Financial Consultant and practised as a Lawyer focused on merger and acquisitions. He then worked for Lazard from 1995 to 2000. He served as a Member of the Management Team of Atari Group (first as the Deputy Chief Operating Officer, later as the Chief Financial Officer) Chief Executive Officer of Atari Interactive from 2001 to 2007. In 2007, he left Atari to create his own videogame production company. In 2013, he became a Significant Shareholder of the Atari group through the purchase of Atari securities held by BlueBay. He has been the Chairman of Atari société anonyme since February 1, 2013. Mr. Chesnais is a Graduate of the French Institute of Political Sciences (Institut d’Etudes Politiques de Paris) and holds degrees in Finance and in law.

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

Frédéric Chesnais

TITLE
Chairman
COMPENSATION
€32K

David Ward

TITLE
Co-Founder and Managing Director of Infogrames UK Operations
COMPENSATION
€7K
AGE
70

Philippe Mularski

TITLE
Chief Financial Officer

Denis Bunma

TITLE
Director of Legal Affairs and Secretary to the Board

Bernadette Abbott

TITLE
Head of Human Resources
Board of Directors Tenure

Average tenure of the Atari board of directors in years:

6.1
Average Tenure
  • The tenure for the Atari board of directors is about average.
Board of Directors

Frédéric Chesnais

TITLE
Chairman
COMPENSATION
€32K
TENURE
6.2 yrs

Erick Euvrard

TITLE
Independent Director
COMPENSATION
€20K
TENURE
6.2 yrs

Franck Dangeard

TITLE
Board Observer
AGE
60
TENURE
3 yrs

Alyssa Walles

TITLE
Independent Director
COMPENSATION
€20K
TENURE
6 yrs

Alex Zyngier

TITLE
Non-Independent Director
COMPENSATION
€50K
AGE
49
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 Atari'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. Atari 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.

IFGA News

Simply Wall St News

IFGA Company Info

Description

Atari SA operates as a multi-platform, interactive entertainment, and licensing products company. The company provides online games on smartphones, tablets, and other connected devices. It owns and/or manages a portfolio of approximately 200 games and franchises under the Asteroids, Centipede, Missile Command, Pong, Test Drive, and RollerCoaster Tycoon brands. The company provides games in the categories of action, adventure, arcade, kids, casual, free to play, horror, racing, simulation, sports, and strategy, as well as licenses casino games in virtual and real money, hybrid casino games, skill-based games, E-sports, lottery tickets, etc. It also develops and distributes interactive entertainment for video game consoles from Microsoft, Nintendo, and Sony, as well as licenses its brand and franchises into other media, merchandising, and publishing categories. The company was formerly known as Infogrames Entertainment SA and changed its name to Atari SA in May 2009. Atari SA was founded in 1972 and is based in Paris, France.

Details
Name: Atari SA
IFGA
Exchange: DB
Founded: 1972
€97,503,177
255,243,921
Website: http://www.atari.com
Address: Atari SA
78 Rue Taitbout,
Paris,
Ile-de-France, 75009,
France
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ENXTPA ATA Common Shares Euronext Paris FR EUR 28. Dec 1993
OTCPK PONG.F Common Shares Pink Sheets LLC US USD 28. Dec 1993
DB IFGA Common Shares Deutsche Boerse AG DE EUR 28. Dec 1993
LSE 0KUV Common Shares London Stock Exchange GB EUR 28. Dec 1993
BATS-CHIXE ATAP Common Shares BATS 'Chi-X Europe' GB EUR 28. Dec 1993
Number of employees
Current staff
Staff numbers
23
Atari employees.
Industry
Interactive Home Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:44
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/03/19
Last earnings filing: 2018/12/24
Last earnings reported: 2018/09/30
Last annual earnings reported: 2018/03/31


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.