888 Holdings plc, together with its subsidiaries, provides online betting and gaming products and solutions.
888 Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£3.88|
|52 Week High||UK£2.40|
|52 Week Low||UK£4.94|
|1 Month Change||-15.37%|
|3 Month Change||2.65%|
|1 Year Change||45.99%|
|3 Year Change||112.15%|
|5 Year Change||77.80%|
|Change since IPO||128.00%|
Recent News & Updates
888 Holdings plc (LON:888) Shares Could Be 24% Below Their Intrinsic Value Estimate
Today we will run through one way of estimating the intrinsic value of 888 Holdings plc ( LON:888 ) by taking the...
|888||GB Hospitality||GB Market|
Return vs Industry: 888 matched the UK Hospitality industry which returned 46.1% over the past year.
Return vs Market: 888 exceeded the UK Market which returned 23.2% over the past year.
Stable Share Price: 888 is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 888's weekly volatility (5%) has been stable over the past year.
About the Company
888 Holdings plc, together with its subsidiaries, provides online betting and gaming 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, sport, and bingo games.
888 Holdings Fundamentals Summary
|888 fundamental statistics|
Is 888 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|888 income statement (TTM)|
|Cost of Revenue||US$152.00m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.044|
|Net Profit Margin||1.65%|
How did 888 perform over the long term?See historical performance and comparison
2.8%Current Dividend Yield
Is 888 Holdings undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 888 (£3.88) is trading below our estimate of fair value (£5.13)
Significantly Below Fair Value: 888 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 888 is poor value based on its PE Ratio (120.3x) compared to the UK Hospitality industry average (35.9x).
PE vs Market: 888 is poor value based on its PE Ratio (120.3x) compared to the UK market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: 888 is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: 888 is overvalued based on its PB Ratio (12.3x) compared to the GB Hospitality industry average (2.4x).
How is 888 Holdings forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 888's forecast earnings growth (28.6% per year) is above the savings rate (0.9%).
Earnings vs Market: 888's earnings (28.6% per year) are forecast to grow faster than the UK market (12.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 888's revenue (3.5% per year) is forecast to grow slower than the UK market (5% per year).
High Growth Revenue: 888's revenue (3.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 888's Return on Equity is forecast to be high in 3 years time (39.9%)
How has 888 Holdings performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 888 has a large one-off loss of $92.7M impacting its June 30 2021 financial results.
Growing Profit Margin: 888's current net profit margins (1.7%) are lower than last year (10.2%).
Past Earnings Growth Analysis
Earnings Trend: 888's earnings have declined by 1.5% per year over the past 5 years.
Accelerating Growth: 888's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 888 had negative earnings growth (-75.5%) over the past year, making it difficult to compare to the Hospitality industry average (170.2%).
Return on Equity
High ROE: 888's Return on Equity (10.2%) is considered low.
How is 888 Holdings's financial position?
Financial Position Analysis
Short Term Liabilities: 888's short term assets ($291.3M) do not cover its short term liabilities ($308.7M).
Long Term Liabilities: 888's short term assets ($291.3M) exceed its long term liabilities ($34.7M).
Debt to Equity History and Analysis
Debt Level: 888 is debt free.
Reducing Debt: 888 had no debt 5 years ago.
Debt Coverage: 888 has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: 888 has no debt, therefore coverage of interest payments is not a concern.
What is 888 Holdings's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 888's dividend (2.79%) is higher than the bottom 25% of dividend payers in the UK market (1.4%).
High Dividend: 888's dividend (2.79%) is low compared to the top 25% of dividend payers in the UK market (4.06%).
Stability and Growth of Payments
Stable Dividend: 888 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 888's dividend payments have increased, but the company has only paid a dividend for 9 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (333.8%), 888's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 888's dividends in 3 years are forecast to be covered by earnings (50.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Itai Pazner (48 yo)
Mr. Itai Pazner has been Chief Executive Officer of 888 Holdings plc since January 24, 2019 and served its Chief Operating Officer since October 2017 until January 24, 2019. Mr. Pazner has been an Executiv...
CEO Compensation Analysis
Compensation vs Market: Itai's total compensation ($USD2.57M) is above average for companies of similar size in the UK market ($USD1.45M).
Compensation vs Earnings: Itai's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Experienced Management: 888's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Experienced Board: 888's board of directors are not considered experienced ( 1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: 888 insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
888 Holdings plc's employee growth, exchange listings and data sources
- Name: 888 Holdings plc
- Ticker: 888
- Exchange: LSE
- Founded: 1997
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: UK£1.442b
- Shares outstanding: 372.01m
- Website: https://corporate.888.com
Number of Employees
- 888 Holdings plc
- Suite 601/701
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/24 17:41|
|End of Day Share Price||2021/10/22 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.