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888 Holdings

LSE:888
Snowflake Description

Outstanding track record with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
888
LSE
£491M
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

888 Holdings plc, together with its subsidiaries, provides online gaming entertainment products and solutions. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • 888 Holdings has significant price volatility in the past 3 months.
888 Share Price and Events
7 Day Returns
-3.1%
LSE:888
3.2%
GB Hospitality
1.3%
GB Market
1 Year Returns
-57.9%
LSE:888
-7.7%
GB Hospitality
-5%
GB Market
888 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
888 Holdings (888) -3.1% -13% -22.2% -57.9% -41.3% 5.4%
GB Hospitality 3.2% 0.6% -1.6% -7.7% 11.1% 30.9%
GB Market 1.3% -1.6% 1.9% -5% 15.8% 2.5%
1 Year Return vs Industry and Market
  • 888 underperformed the Hospitality industry which returned -7.7% over the past year.
  • 888 underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Price Volatility
888
Industry
5yr Volatility vs Market

888 Value

 Is 888 Holdings 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 888 Holdings 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 888 Holdings.

LSE:888 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 6.9%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

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 LSE:888
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.94
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.937 (1 + (1- 10%) (0%))
0.958
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.96
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (0.958 * 5.96%)
6.93%

Discounted Cash Flow Calculation for LSE:888 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for 888 Holdings 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.

LSE:888 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.93%)
2019 59.53 Analyst x2 55.66
2020 66.04 Analyst x3 57.76
2021 70.04 Analyst x2 57.28
2022 73.18 Est @ 4.48% 55.96
2023 75.75 Est @ 3.51% 54.17
2024 77.88 Est @ 2.82% 52.09
2025 79.71 Est @ 2.34% 49.85
2026 81.31 Est @ 2.01% 47.55
2027 82.75 Est @ 1.77% 45.26
2028 84.08 Est @ 1.61% 43.01
Present value of next 10 years cash flows $518.59
LSE:888 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $84.08 × (1 + 1.23%) ÷ (6.93% – 1.23%)
$1,491.19
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $1,491.19 ÷ (1 + 6.93%)10
$762.68
LSE:888 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $518.59 + $762.68
$1,281.26
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $1,281.26 / 367.25
$3.49
LSE:888 Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:888)
0.785
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $3.49 x 0.785
£2.74
Value per share (GBP) From above. £2.74
Current discount Discount to share price of £1.34
= -1 x (£1.34 - £2.74) / £2.74
51.2%

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

Current Discount
Amount off the current price 888 Holdings is available for.
Intrinsic value
>50%
Share price is £1.34 vs Future cash flow value of £2.74
Current Discount Checks
For 888 Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 888 Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • 888 Holdings'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 888 Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 888 Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:888 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $0.26
LSE:888 Share Price ** LSE (2019-05-17) in GBP £1.34
LSE:888 Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.273 $1.7
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 34 Publicly-Listed Hospitality Companies 17.95x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 788 Publicly-Listed Companies 16.24x

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

** Primary Listing of 888 Holdings.

LSE:888 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:888 Share Price ÷ EPS (both in USD)

= 1.7 ÷ 0.26

6.49x

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

  • 888 Holdings is good value based on earnings compared to the GB Hospitality industry average.
  • 888 Holdings is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does 888 Holdings's expected growth come at a high price?
Raw Data
LSE:888 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
-16.2%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 28 Publicly-Listed Hospitality Companies 2.06x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

LSE:888 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.49x ÷ -16.2%

-0.4x

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

  • 888 Holdings earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 888 Holdings's assets?
Raw Data
LSE:888 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $0.44
LSE:888 Share Price * LSE (2019-05-17) in GBP £1.34
LSE:888 Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.273 $1.7
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 54 Publicly-Listed Hospitality Companies 1.39x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.51x
LSE:888 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:888 Share Price ÷ Book Value per Share (both in USD)

= 1.7 ÷ 0.44

3.87x

* Primary Listing of 888 Holdings.

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

  • 888 Holdings is overvalued based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess 888 Holdings'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. 888 Holdings 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.

888 Future Performance

 How is 888 Holdings 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
-16.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 888 Holdings expected to grow at an attractive rate?
  • 888 Holdings's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 1.2%.
Growth vs Market Checks
  • 888 Holdings's earnings are expected to decrease over the next 1-3 years, this is below the United Kingdom of Great Britain and Northern Ireland market average.
  • 888 Holdings's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:888 Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:888 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts -16.2%
LSE:888 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 5.4%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 12.2%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 5.8%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.8%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*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
LSE:888 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:888 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 637 114 63 3
2020-12-31 597 103 58 5
2019-12-31 562 94 47 4
LSE:888 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 541 42 95
2018-09-30 548 55 90
2018-06-30 556 68 86
2018-03-31 549 82 49
2017-12-31 542 96 13
2017-09-30 535 96 12
2017-06-30 529 97 12
2017-03-31 525 82 32
2016-12-31 521 68 52
2016-09-30 512 69 44
2016-06-30 504 70 36
2016-03-31 483 77 33

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 888 Holdings's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • 888 Holdings's revenue is expected to grow by 5.4% 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
LSE:888 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from 888 Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:888 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.17 0.20 0.14 2.00
2020-12-31 0.16 0.17 0.14 3.00
2019-12-31 0.13 0.14 0.12 2.00
LSE:888 Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 0.26
2018-09-30 0.25
2018-06-30 0.24
2018-03-31 0.14
2017-12-31 0.04
2017-09-30 0.03
2017-06-30 0.03
2017-03-31 0.09
2016-12-31 0.14
2016-09-30 0.12
2016-06-30 0.10
2016-03-31 0.09

*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.
  • 888 Holdings is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess 888 Holdings'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 United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland 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.
888 Holdings 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.

888 Past Performance

  How has 888 Holdings 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 888 Holdings'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.
  • 888 Holdings's year on year earnings growth rate has been positive over the past 5 years.
  • 888 Holdings's 1-year earnings growth exceeds its 5-year average (652.4% vs 6.4%)
  • 888 Holdings's earnings growth has exceeded the GB Hospitality industry average in the past year (652.4% vs 12.8%).
Earnings and Revenue History
888 Holdings'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 888 Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:888 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 540.60 94.80 191.20 32.80
2018-09-30 548.10 90.35 194.65 33.80
2018-06-30 555.60 85.90 198.10 34.80
2018-03-31 548.70 49.25 199.15 35.10
2017-12-31 541.80 12.60 200.20 35.40
2017-09-30 535.35 12.10 201.05 35.55
2017-06-30 528.90 11.60 201.90 35.70
2017-03-31 524.85 31.55 204.15 35.00
2016-12-31 520.80 51.50 206.40 34.30
2016-09-30 512.45 43.65 201.45 35.25
2016-06-30 504.10 35.80 196.50 36.20
2016-03-31 483.10 32.65 183.95 36.50
2015-12-31 462.10 29.50 171.40 36.80
2015-09-30 455.85 35.85 169.00 37.30
2015-06-30 449.60 42.20 166.60 37.80
2015-03-31 452.15 49.55 167.75 39.25
2014-12-31 454.70 56.90 168.90 40.70
2014-09-30 440.10 52.60 169.10 37.75
2014-06-30 425.50 48.30 169.30 34.80
2014-03-31 413.00 49.15 170.60 32.75
2013-12-31 400.50 50.00 171.90 30.70
2013-09-30 395.00 50.90 172.05 29.65
2013-06-30 389.50 51.80 172.20 28.60
2013-03-31 382.65 43.60 166.05 27.90
2012-12-31 375.80 35.40 159.90 27.20
2012-09-30 369.78 38.13 150.29 29.02
2012-06-30 363.76 40.86 140.67 30.83

*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.
  • 888 Holdings made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • 888 Holdings used its assets more efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • 888 Holdings has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess 888 Holdings'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.
888 Holdings 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.

888 Health

 How is 888 Holdings'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 888 Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 888 Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • 888 Holdings has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of 888 Holdings'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.
  • 888 Holdings 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 888 Holdings Company Filings, last reported 4 months ago.

LSE:888 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 160.30 0.00 133.00
2018-09-30 160.30 0.00 133.00
2018-06-30 131.80 0.00 143.60
2018-03-31 131.80 0.00 143.60
2017-12-31 113.20 0.00 179.60
2017-09-30 113.20 0.00 179.60
2017-06-30 94.80 0.00 153.00
2017-03-31 94.80 0.00 153.00
2016-12-31 163.60 0.00 172.60
2016-09-30 163.60 0.00 172.60
2016-06-30 145.50 0.00 143.00
2016-03-31 145.50 0.00 143.00
2015-12-31 162.20 0.00 178.60
2015-09-30 162.20 0.00 178.60
2015-06-30 160.30 0.00 141.60
2015-03-31 160.30 0.00 141.60
2014-12-31 185.10 0.00 163.10
2014-09-30 185.10 0.00 163.10
2014-06-30 170.80 0.00 119.80
2014-03-31 170.80 0.00 119.80
2013-12-31 174.70 0.00 119.70
2013-09-30 174.70 0.00 119.70
2013-06-30 159.80 0.00 92.90
2013-03-31 159.80 0.00 92.90
2012-12-31 148.20 0.00 85.00
2012-09-30 148.20 0.00 85.00
2012-06-30 137.80 0.00 69.18
  • 888 Holdings has no debt.
  • 888 Holdings has not taken on any debt in the past 5 years.
  • 888 Holdings has no debt, it does not need to be covered by operating cash flow.
  • 888 Holdings has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess 888 Holdings'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. 888 Holdings 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.

888 Dividends

 What is 888 Holdings'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
5.99%
Current annual income from 888 Holdings dividends. Estimated to be 7.73% next year.
If you bought £2,000 of 888 Holdings shares you are expected to receive £120 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?
  • 888 Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
  • 888 Holdings's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.21%).
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
LSE:888 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
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.3%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

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

LSE:888 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.15 2.00
2020-12-31 0.13 4.00
2019-12-31 0.12 3.00
LSE:888 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-12 0.102 5.152
2018-09-27 0.101 4.481
2018-03-20 0.099 2.867
2017-09-05 0.091 2.530
2017-03-21 0.089 2.614
2016-08-31 0.078 2.819
2016-03-22 0.075 2.495
2015-08-28 0.080 3.151
2015-03-24 0.080 3.232
2014-08-27 0.075 3.440
2014-03-25 0.070 3.219
2013-08-28 0.075 2.954
2013-03-13 0.090 3.650
2012-08-29 0.050 2.845
2011-08-31 0.000 0.000
2011-03-31 0.000 0.000
2010-08-31 0.000 0.000
2010-04-08 0.040 5.088
2010-03-23 0.040 2.624
2009-08-27 0.039 2.389

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of 888 Holdings's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess 888 Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - 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 888 Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 888 Holdings has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

888 Management

 What is the CEO of 888 Holdings'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
Itai Pazner
TENURE AS CEO 0.3 years
CEO Bio

Mr. Itai Pazner has been Chief Executive Officer of 888 Holdings plc since January 24, 2019 and served its Chief Operating Officer since October 2017 until January 24, 2019. Mr. Pazner has been a Director of 888 Holdings plc since March 08, 2019. Mr. Pazner has in-depth and widespread understanding of both 888 and the online gaming industry having spent the past 16 years with the Group including more than six years as Senior Vice President of the B2C Division.

CEO Compensation
  • Insufficient data for Itai to compare compensation growth.
  • Insufficient data for Itai to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Aviad Kobrine

TITLE
CFO & Director
COMPENSATION
$2M
AGE
54
TENURE
13.9 yrs

Itai Pazner

TITLE
CEO & Director
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the 888 Holdings board of directors in years:

3
Average Tenure
52
Average Age
  • The tenure for the 888 Holdings board of directors is about average.
Board of Directors

Brian Mattingley

TITLE
Non-Executive Chairman
COMPENSATION
$397K
AGE
66
TENURE
4 yrs

Aviad Kobrine

TITLE
CFO & Director
COMPENSATION
$2M
AGE
54
TENURE
13.8 yrs

Itai Pazner

TITLE
CEO & Director
TENURE
0.2 yrs

Zvika Zivlin

TITLE
Independent Non-Executive Director
COMPENSATION
$81K
AGE
52
TENURE
2 yrs

Itai Frieberger

TITLE
Director
COMPENSATION
$4M
AGE
47
TENURE
4 yrs

Anne de Kerckhove

TITLE
Independent Non-Executive Director
COMPENSATION
$14K
AGE
45
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • 888 Holdings insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
16. Apr 19 Sell Itai Frieberger Individual 15. Apr 19 15. Apr 19 -2,000,000 £1.52 £-3,040,000
X
Management checks
We assess 888 Holdings'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. 888 Holdings 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.

888 News

Simply Wall St News

888 Holdings plc (LON:888): What Are Investors Earning On Their Capital?

and want to begin learning the link between 888 Holdings plc (LON:888)’s return fundamentals and stock market performance. … Your equity share is granted in return for the capital provided to the business to operate, and in order for an investment to be successful the business has to create earnings from the funds that make up this capital. … Thus, to understand how your money can grow by investing in 888 Holdings, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)

Simply Wall St -

888 Holdings plc (LON:888) Delivered A Better ROE Than The Industry, Here’s Why

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.65. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Why You Need To Look At This Factor Before Buying 888 Holdings plc (LON:888)

If you're interested in 888 Holdings plc (LON:888), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

What Do You Get For Owning 888 Holdings plc (LON:888)?

You need to pay attention to this because your return on investment is linked to dividends and internal investments to improve the business, which can only occur if the company is expected to produce adequate earnings with the capital that has been provided. … Therefore, looking at how efficiently 888 Holdings is able to use capital to create earnings will help us understand your potential return. … Investors use many different metrics but the analysis below focuses on return on capital employed (ROCE).

Simply Wall St -

Was 888 Holdings plc's (LON:888) Earnings Decline Part Of A Broader Industry Downturn?

When 888 Holdings plc (LON:888) released its most recent earnings update (31 December 2017), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were 888 Holdings's average earnings over the past couple of years, and its industry performance. … 888's trailing twelve-month earnings (from 31 December 2017) of UK£12.60m has

Simply Wall St -

You Should Consider 888 Holdings plc (LON:888) Because Of These Reasons

As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … financial health as well as

Simply Wall St -

What Are Analysts Saying About 888 Holdings plc's (LON:888) Earnings Trajectory?

Below is my commentary, albeit very simple and high-level, on how market analysts predict 888 Holdings's earnings growth trajectory over the next couple of years and whether the future looks brighter. … Check out our latest analysis for 888 Holdings Analysts' expectations for this coming year seems buoyant, with earnings growth more than doubling. … This means, we can expect 888 Holdings will grow its earnings by 42.34% every year for the next couple of years.

Simply Wall St -

What Do Analysts Think About 888 Holdings plc's (LON:888) Profit Growth?

Check out our latest analysis for 888 Holdings Breaking Down 888's Profit Margin Attractive margins generally indicate a desirable ability to translate sales revenue in to earnings, and return for shareholders. … Margin Calculation for 888 Profit Margin = Net Income ÷ Revenue ∴ Profit Margin = 12.60 Million ÷ 541.80 Million = 2.33% The past five years have seen 888 Holdings's margin contract, as a result of 8.44% in average revenue growth outstripping 5.11% in average net income growth, which suggests that a smaller percentage of revenue falls to the bottom line despite the fact revenue has increased over the previous 5 years. … This suggests future earnings growth is driven further by enhanced cost efficiency alongside revenue increases, which is enlarging the incremental amount of net income that is retained from the forecasted revenue growth.

Simply Wall St -

Is 888 Holdings plc's (LON:888) ROE Of 11.13% Sustainable?

See our latest analysis for 888 Holdings Breaking down Return on Equity Return on Equity (ROE) is a measure of 888 Holdings’s profit relative to its shareholders’ equity. … Return on Equity = Net Profit ÷ Shareholders Equity ROE is assessed against cost of equity, which is measured using the Capital Asset Pricing Model (CAPM) – but let’s not dive into the details of that today. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity LSE:888 Last Perf May 2nd 18 The first component is profit margin, which measures how much of sales is retained after the company pays for all its expenses.

Simply Wall St -

888 Holdings plc (LON:888): Is Now A Good Time To Buy?

888 Holdings is poised for extremely high earnings growth in the near future. … 888 Holdings is available at price-to-earnings ratio of 107.43x, showing us it is overvalued based on current earnings compared to the hospitality industry average of 18.78x , and overvalued compared to the GB market average ratio of 16.62x. … A PE ratio of 107.43x and expected year-on-year earnings growth of 47.48% give 888 Holdings a quite high PEG ratio of 2.26x.

Simply Wall St -

888 Company Info

Description

888 Holdings plc, together with its subsidiaries, provides online gaming entertainment products and solutions. It operates through Business to Customer and Business to Business segments. The company owns proprietary software solutions that provide a range of virtual online gaming services over the Internet, including casino and games, poker, bingo, sport, and Mytopia social games to the end users and business partners. It also provides payment services, customer support, and online advertising services, as well as licenses its brand on third party platforms. The company serves clients in the United Kingdom, rest of Europe, the Americas, and internationally. 888 Holdings plc was founded in 1997 and is headquartered in Gibraltar.

Details
Name: 888 Holdings plc
888
Exchange: LSE
Founded: 1997
£491,384,420
367,252,930
Website: http://corporate.888.com
Address: 888 Holdings plc
Europort,
Suite 601/701,
Gibraltar,
Gibraltar
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE 888 Ordinary Shares London Stock Exchange GB GBP 29. Sep 2005
OTCPK EIHD.F Ordinary Shares Pink Sheets LLC US USD 29. Sep 2005
DB C8V Ordinary Shares Deutsche Boerse AG DE EUR 29. Sep 2005
BATS-CHIXE 888L Ordinary Shares BATS 'Chi-X Europe' GB GBP 29. Sep 2005
Number of employees
Current staff
Staff numbers
1,364
888 Holdings employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/19 21:08
End of day share price update: 2019/05/17 00:00
Last estimates confirmation: 2019/05/07
Last earnings filing: 2019/04/08
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.