GAN Limited provides enterprise Software-as-a-Service solutions for online casino gaming and online sports betting applications.
High growth potential with adequate balance sheet.
Share Price & News
How has GAN's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GAN's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: GAN exceeded the UK Hospitality industry which returned -18% over the past year.
Return vs Market: GAN exceeded the UK Market which returned -17.2% over the past year.
Price Volatility Vs. Market
How volatile is GAN's share price compared to the market and industry in the last 5 years?
Simply Wall St News
11 months ago | Simply Wall StThe GAN (LON:GAN) Share Price Is Up 109% And Shareholders Are Boasting About It
1 year ago | Simply Wall StRead This Before Buying GAN plc (LON:GAN) Shares
1 year ago | Simply Wall StIs GAN plc's (LON:GAN) CEO Pay Fair?
Is GAN undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: GAN (£2.25) is trading above our estimate of fair value (£0.56)
Significantly Below Fair Value: GAN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GAN is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.
PE vs Market: GAN is unprofitable, so we can't compare its PE Ratio to the UK market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GAN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GAN is overvalued based on its PB Ratio (89.6x) compared to the GB Hospitality industry average (1x).
How is GAN forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GAN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).
Earnings vs Market: GAN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GAN's is expected to become profitable in the next 3 years.
Revenue vs Market: GAN's revenue (25.5% per year) is forecast to grow faster than the UK market (3.3% per year).
High Growth Revenue: GAN's revenue (25.5% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GAN's Return on Equity is forecast to be high in 3 years time
How has GAN performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GAN is currently unprofitable.
Growing Profit Margin: GAN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GAN is unprofitable, and losses have increased over the past 5 years at a rate of -2.5% per year.
Accelerating Growth: Unable to compare GAN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GAN is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-10.9%).
Return on Equity
High ROE: GAN has a negative Return on Equity (-22.46%), as it is currently unprofitable.
How is GAN's financial position?
Financial Position Analysis
Short Term Liabilities: GAN's short term assets (£17.0M) exceed its short term liabilities (£12.3M).
Long Term Liabilities: GAN's short term assets (£17.0M) exceed its long term liabilities (£572.0K).
Debt to Equity History and Analysis
Debt Level: GAN is debt free.
Reducing Debt: GAN had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Insufficient data to determine if GAN has enough cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if GAN has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
What is GAN's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GAN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate GAN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if GAN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GAN's dividend payments have been increasing.
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: No need to calculate the sustainability of GAN's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Dermot Smurfit (44yo)
Mr. Dermot Stopford Smurfit, Jr. serves as the Chief Executive Officer at GAN plc (formerly known as GameAccount Network Plc) (formerly, GameAccount Global Limited). Mr. Smurfit joined GameAccount Network ...
CEO Compensation Analysis
Compensation vs Market: Dermot's total compensation ($USD648.44K) is below average for companies of similar size in the UK market ($USD1.21M).
Compensation vs Earnings: Dermot's compensation has increased whilst the company is unprofitable.
|CEO & Director||no data||UK£525.00k||9.44% £87.3m|
|Chief Financial Officer||0.33yr||no data||no data|
|Chief Information Officer||no data||no data||no data|
|Vice President of Analytics & Investor Relations||1.33yrs||no data||no data|
|Head of Investor Relations||0.67yr||no data||no data|
|Chief Games Officer||8.33yrs||no data||no data|
|Head of Finance||no data||no data||no data|
|Managing Director of Digital||2.08yrs||no data||no data|
|Chief Commercial Officer||2.25yrs||no data||no data|
Experienced Management: GAN's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
|CEO & Director||no data||UK£525.00k||9.44% £87.3m|
|Non Executive Director||11.92yrs||UK£34.00k||1.4% £13.0m|
|Non-Executive Director||1.42yrs||UK£3.00k||no data|
|Non-Executive Chairman||3.17yrs||UK£97.00k||0.11% £1.0m|
Experienced Board: GAN's board of directors are considered experienced (3.2 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GAN insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 19.7%.
GAN Limited's company bio, employee growth, exchange listings and data sources
- Name: GAN Limited
- Ticker: GAN
- Exchange: AIM
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: US$1.142b
- Listing Market Cap: US$924.760m
- Shares outstanding: 86.20m
- Website: https://www.gan.com
Number of Employees
- GAN Limited
- Axe & Bottle Court
- 70 Newcomen Street
- Greater London
- SE1 1YT
- United Kingdom
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GAN||AIM (London Stock Exchange AIM Market)||Yes||Ordinary Shares||GB||GBP||Nov 2013|
|GAN||NasdaqCM (Nasdaq Capital Market)||Yes||Ordinary Shares||US||USD||Nov 2013|
|GAME||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Nov 2013|
GAN Limited provides enterprise Software-as-a-Service solutions for online casino gaming and online sports betting applications. It offers a proprietary internet gambling enterprise software system, GameSTACK, which it licenses principally to the land-based U.S. casino operators as a turnkey technology solution for regulated real-money internet gambling, encompassing internet gaming, internet sports gaming, and virtual simulated gaming. It also offer a range of professional and managed services designed to deploy and provide ongoing operational support for its software systems. The company is based in London, the United Kingdom.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/05/06 21:55|
|End of Day Share Price||2020/05/05 00:00|
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.