Loading...

GVC Holdings

LSE:GVC
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GVC
LSE
£4B
Market Cap
  1. Home
  2. GB
  3. Consumer Services
Company description

GVC Holdings PLC, together with its subsidiaries, operates as an online gaming company in Germany, the United Kingdom, rest of Europe, and internationally. The last earnings update was 20 days ago. More info.


Add to Portfolio Compare Print
GVC Share Price and Events
7 Day Returns
3.7%
LSE:GVC
2.6%
GB Hospitality
1.5%
GB Market
1 Year Returns
-38.9%
LSE:GVC
-9.1%
GB Hospitality
-6.3%
GB Market
GVC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GVC Holdings (GVC) 3.7% -6.4% -6.5% -38.9% 5.2% 36.9%
GB Hospitality 2.6% -0.3% -2.5% -9.1% 9.8% 29.5%
GB Market 1.5% -2.1% 1.8% -6.3% 15.4% 2%
1 Year Return vs Industry and Market
  • GVC underperformed the Hospitality industry which returned -9.1% over the past year.
  • GVC underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -6.3% over the past year.
Price Volatility
GVC
Industry
5yr Volatility vs Market

GVC Value

 Is GVC 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 GVC 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 GVC Holdings.

LSE:GVC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.7%
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:GVC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6.7%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.93
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.932 (1 + (1- 19%) (63.29%))
1.274
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.274 * 6.65%)
9.7%

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

The calculations below outline how an intrinsic value for GVC 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:GVC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.7%)
2019 240.30 Analyst x3 219.05
2020 448.93 Analyst x4 373.05
2021 556.57 Analyst x3 421.60
2022 642.09 Est @ 15.37% 443.38
2023 713.51 Est @ 11.12% 449.13
2024 771.70 Est @ 8.15% 442.81
2025 818.59 Est @ 6.08% 428.19
2026 856.42 Est @ 4.62% 408.37
2027 887.28 Est @ 3.6% 385.67
2028 912.93 Est @ 2.89% 361.73
Present value of next 10 years cash flows £3,932.98
LSE:GVC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £912.93 × (1 + 1.23%) ÷ (9.7% – 1.23%)
£10,907.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £10,907.32 ÷ (1 + 9.7%)10
£4,321.84
LSE:GVC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £3,932.98 + £4,321.84
£8,254.82
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £8,254.82 / 581.89
£14.19
LSE:GVC Discount to Share Price
Calculation Result
Value per share (GBP) From above. £14.19
Current discount Discount to share price of £6.07
= -1 x (£6.07 - £14.19) / £14.19
57.2%

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

Current Discount
Amount off the current price GVC Holdings is available for.
Intrinsic value
>50%
Share price is £6.07 vs Future cash flow value of £14.19
Current Discount Checks
For GVC Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • GVC Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • GVC 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 GVC Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GVC Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:GVC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in GBP £-0.12
LSE:GVC Share Price ** LSE (2019-05-21) in GBP £6.07
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 34 Publicly-Listed Hospitality Companies 17.83x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.22x

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

** Primary Listing of GVC Holdings.

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

= LSE:GVC Share Price ÷ EPS (both in GBP)

= 6.07 ÷ -0.12

-49.88x

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

  • GVC Holdings is loss making, we can't compare its value to the GB Hospitality industry average.
  • GVC Holdings is loss making, we can't compare the value of its earnings to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does GVC Holdings's expected growth come at a high price?
Raw Data
LSE:GVC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -49.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
66.5%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 28 Publicly-Listed Hospitality Companies 2.02x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 575 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for GVC Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GVC Holdings's assets?
Raw Data
LSE:GVC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in GBP £5.93
LSE:GVC Share Price * LSE (2019-05-21) in GBP £6.07
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 54 Publicly-Listed Hospitality Companies 1.4x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,368 Publicly-Listed Companies 1.5x
LSE:GVC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:GVC Share Price ÷ Book Value per Share (both in GBP)

= 6.07 ÷ 5.93

1.02x

* Primary Listing of GVC Holdings.

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

  • GVC Holdings is good value based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess GVC 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. GVC Holdings has a total score of 3/6, 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.

GVC Future Performance

 How is GVC Holdings expected to perform in the next 1 to 3 years based on estimates from 10 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
66.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GVC Holdings expected to grow at an attractive rate?
  • GVC Holdings's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • GVC Holdings's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • GVC 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:GVC Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:GVC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 66.5%
LSE:GVC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 8%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 12.1%
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 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*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:GVC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:GVC Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 3,769 708 458 8
2020-12-31 3,639 611 367 10
2019-12-31 3,532 435 192 10
LSE:GVC Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2018-12-31 2,935 297 -63
2018-09-30 2,228 228 26
2018-06-30 1,523 153 115
2018-03-31 1,152 146 47
2017-12-31 790 149 -21
2017-06-30 674 79 -101
2017-03-31 642 45 -123
2016-12-31 618 12 -148
2016-09-30 575 -4 -93
2016-06-30 425 -19 -64
2016-03-31 298 6 -20

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GVC Holdings's earnings are expected to grow significantly at over 20% yearly.
  • GVC Holdings's revenue is expected to grow by 8% 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:GVC 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 10 Analyst Estimates (S&P Global) See Below

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

LSE:GVC Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.49 0.54 0.43 2.00
2020-12-31 0.39 0.82 0.14 3.00
2019-12-31 -0.17 -0.14 -0.19 2.00
LSE:GVC Past Financials Data
Date (Data in GBP Millions) EPS *
2018-12-31 -0.12
2018-09-30 0.06
2018-06-30 0.31
2018-03-31 0.14
2017-12-31 -0.07
2017-06-30 -0.34
2017-03-31 -0.44
2016-12-31 -0.54
2016-09-30 -0.43
2016-06-30 -0.41
2016-03-31 -0.19

*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.
  • GVC Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GVC 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.
GVC Holdings has a total score of 4/6, 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.

GVC Past Performance

  How has GVC 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 GVC 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.
  • GVC Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare GVC Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GVC Holdings's 1-year growth to the GB Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
GVC 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 GVC Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:GVC Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,935.20 -62.50 992.70
2018-09-30 2,228.10 26.10 872.70
2018-06-30 1,523.44 114.62 659.87
2018-03-31 1,152.08 47.07 431.26
2017-12-31 789.90 -20.70 298.50
2017-06-30 674.27 -101.40 379.16
2017-03-31 641.62 -123.42 301.43
2016-12-31 618.15 -147.83 227.68
2016-09-30 574.73 -92.54 186.84
2016-06-30 424.61 -63.57 131.82
2016-03-31 298.42 -20.32 94.69
2015-12-31 181.54 18.19 60.17
2015-09-30 179.41 23.78 72.47
2015-06-30 170.02 28.19 81.34
2015-03-31 168.06 29.05 68.59
2014-12-31 174.60 31.50 58.14
2014-09-30 165.96 26.80 29.37
2014-06-30 161.55 22.68 0.50
2014-03-31 153.68 16.80 0.56
2013-12-31 141.29 10.23 0.61
2013-09-30 114.46 7.95 0.50
2013-06-30 88.85 5.74 0.41
2013-03-31 69.28 7.20 0.23
2012-12-31 48.94 8.40 0.06
2012-09-30 45.59 5.31 0.05
2012-06-30 43.75 2.42 0.03

*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.
  • It is difficult to establish if GVC Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • GVC Holdings used its assets less efficiently than the GB Hospitality industry average last year based on Return on Assets.
  • It is difficult to establish if GVC Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess GVC 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.
GVC Holdings has a total score of 0/6, 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.

GVC Health

 How is GVC 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 GVC Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GVC Holdings's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • GVC Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GVC 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.
  • Debt is not covered by short term assets, assets are 0.4x 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 GVC Holdings Company Filings, last reported 4 months ago.

LSE:GVC Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 3,488.00 2,235.40 427.90
2018-09-30 3,488.00 2,235.40 427.90
2018-06-30 3,738.50 2,215.20 479.40
2018-03-31 3,738.50 2,215.20 479.40
2017-12-31 1,136.40 262.50 276.60
2017-06-30 1,172.85 218.21 190.19
2017-03-31 1,140.00 212.10 184.86
2016-12-31 1,194.66 344.98 303.35
2016-09-30 1,206.18 348.31 306.27
2016-06-30 1,202.24 341.08 257.46
2016-03-31 1,138.02 322.85 243.70
2015-12-31 94.34 17.31 20.77
2015-09-30 94.48 17.33 20.80
2015-06-30 97.13 5.53 15.19
2015-03-31 99.15 5.64 15.50
2014-12-31 116.08 5.59 13.85
2014-09-30 116.28 5.60 13.87
2014-06-30 114.99 7.83 12.80
2014-03-31 118.77 8.08 13.22
2013-12-31 117.29 8.17 15.64
2013-09-30 117.95 8.22 15.72
2013-06-30 116.84 6.86 24.20
2013-03-31 115.27 6.77 23.88
2012-12-31 47.43 0.00 5.38
2012-09-30 46.58 0.00 5.28
2012-06-30 46.86 0.00 3.24
  • GVC Holdings's level of debt (64.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7% vs 64.1% today).
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.

  • Whilst loss making GVC Holdings has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making GVC Holdings has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -83.8% per year.
X
Financial health checks
We assess GVC 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. GVC Holdings has a total score of 2/6, 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.

GVC Dividends

 What is GVC 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
5.27%
Current annual income from GVC Holdings dividends. Estimated to be 6.16% next year.
If you bought £2,000 of GVC Holdings shares you are expected to receive £105 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?
  • GVC Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2%).
  • GVC Holdings's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.27%).
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:GVC 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 10 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 5.3%

Industry and Market average data is calculated daily.

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

LSE:GVC Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.41 10.00
2020-12-31 0.37 13.00
2019-12-31 0.35 14.00
LSE:GVC Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-05 0.320 5.374
2018-09-13 0.320 4.219
2018-04-30 0.305 2.974
2018-03-09 0.302 3.285
2017-09-14 0.288 3.234
2016-12-15 0.000 0.000
2016-09-20 0.000 0.000
2016-04-29 0.000 0.000
2016-04-25 0.000 0.000
2015-10-08 0.402 9.661
2015-07-08 0.416 10.218
2015-06-22 0.425 9.381
2014-09-22 0.403 9.192
2014-07-15 0.448 10.330
2014-05-14 0.364 8.321
2013-07-01 0.342 10.060
2013-03-26 0.185 6.573
2013-03-25 0.187 7.074
2012-09-19 0.238 10.448
2012-04-25 0.171 11.139
2012-04-24 0.180 11.816
2011-10-31 0.163 12.236
2011-03-28 0.173 15.471
2011-03-25 0.176 14.826
2010-09-28 0.166 15.063
2010-03-01 0.000 0.000
2009-09-28 0.346 17.397

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 fallen over the past 10 years.
Current Payout to shareholders
What portion of GVC Holdings's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.3x coverage).
X
Income/ dividend checks
We assess GVC 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 GVC Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GVC Holdings 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.

GVC Management

 What is the CEO of GVC 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
Kenny Alexander
COMPENSATION £20,662,000
AGE 49
TENURE AS CEO 12.2 years
CEO Bio

Mr. Kenneth Jack Alexander, also known as Kenny, has been the Chief Executive Officer of GVC Holdings PLC since joined in March 01, 2007 and its Director since February 2007. Mr. Alexander served as the Managing Director of Sportingbet PLC's European operations. He started his career as an Accountant at Grant Thornton and joined Sportingbet PLC in February, 2000 where he served as Finance Director for European operations. In April 2002, he was appointed Managing Director of Sportingbet's European Operations. In this position, he was directly responsible for 150 employees from 16 countries overseeing trading, marketing, ¢nance, IT, product development and customer service. In addition, he had overall responsibility for all Sportingbet's sports book and gaming sites in Europe. He was instrumental in developing Sportingbet's operations in new European markets including Turkey, Spain, Greece, Germany, France and Italy and driving cross-selling initiatives in these markets. He worked for Grant Thornton UK LLP. He is a Member of the Institute of Chartered Accountants of Scotland.

CEO Compensation
  • Kenny's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Kenny's remuneration is higher than average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure of the GVC Holdings management team in years:

4.7
Average Tenure
  • The tenure for the GVC Holdings management team is about average.
Management Team

Kenny Alexander

TITLE
CEO & Executive Director
COMPENSATION
£21M
AGE
49
TENURE
12.2 yrs

Robert Willis

TITLE
Co-Founder
AGE
48

Rob Wood

TITLE
Chief Financial Officer
TENURE
0.2 yrs

Shay Segev

TITLE
Chief Operating Officer
TENURE
3.2 yrs

Paul Tymms

TITLE
Head of Investor Relations

Nick Batram

TITLE
Director of Investor Relations & External Communications

Per Gustafsson

TITLE
Vice President of Business Development

Adam Lewis

TITLE
Chief Marketing Officer
TENURE
6.2 yrs

Jon Salmon

TITLE
Head of CasinoClub
TENURE
9.3 yrs

Liron Snir

TITLE
Chief Product Officer
TENURE
3.2 yrs
Board of Directors Tenure

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

1.9
Average Tenure
54.5
Average Age
  • The average tenure for the GVC Holdings board of directors is less than 3 years, this suggests a new board.
Board of Directors

Lee Feldman

TITLE
Non Executive Chairman
COMPENSATION
£10M
AGE
50
TENURE
10.7 yrs

Kenny Alexander

TITLE
CEO & Executive Director
COMPENSATION
£21M
AGE
49
TENURE
12.3 yrs

Jane Anscombe

TITLE
Non-Executive Director
COMPENSATION
£67K
TENURE
1.9 yrs

Pierre Bruno Bouchut

TITLE
Independent Non-executive Director
AGE
63
TENURE
0.7 yrs

Stephen Morana

TITLE
Senior Independent Director
COMPENSATION
£95K
AGE
47
TENURE
0.9 yrs

Peter Isola

TITLE
Non-Executive Director
COMPENSATION
£100K
AGE
59
TENURE
3.3 yrs

Virginia McDowell

TITLE
Independent Non-Executive Director
AGE
60
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by GVC Holdings insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
01. Apr 19 Buy Pierre Bruno Bouchut Individual 29. Mar 19 29. Mar 19 18,000 £5.49 £98,736
29. Mar 19 Buy Peter Isola Individual 26. Mar 19 26. Mar 19 19,335 £5.15 £99,479
29. Mar 19 Buy Stephen Morana Individual 26. Mar 19 26. Mar 19 19,425 £5.15 £99,990
29. Mar 19 Buy Virginia McDowell Individual 28. Mar 19 28. Mar 19 7,000 £5.44 £38,045
17. Dec 18 Buy J. Paul Bowtell Individual 14. Dec 18 14. Dec 18 100,000 £7.33 £732,710
31. Oct 18 Buy Jane Anscombe Individual 30. Oct 18 30. Oct 18 3,763 £9.30 £34,978
X
Management checks
We assess GVC 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. GVC 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.

GVC News

Simply Wall St News

How Should Investors Feel About GVC Holdings PLC's (LON:GVC) CEO Pay?

First, this article will compare CEO compensation with compensation at similar sized companies. … View our latest analysis for GVC Holdings How Does Kenny Alexander's Compensation Compare With Similar Sized Companies? … Thus we can conclude that Kenny Alexander receives more in total compensation than the median of a group of companies in the same market, and of similar size to GVC Holdings PLC.

Simply Wall St -

Can We See Significant Institutional Ownership On The GVC Holdings PLC (LON:GVC) Share Register?

Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … We'd expect to see both institutions and retail investors owning a portion of the company. … institutional investors have bought into the company.

Simply Wall St -

Have Insiders Been Buying GVC Holdings PLC (LON:GVC) Shares?

So we'll take a look at whether insiders have been buying or selling shares in GVC Holdings PLC (LON:GVC). … Happily, we note that in the last year insiders bought 168k shares for a total of UK£1.1m. … While GVC Holdings insiders bought shares last year, they didn't sell.

Simply Wall St -

Did Changing Sentiment Drive GVC Holdings's (LON:GVC) Share Price Down By 44%?

Given that GVC Holdings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Shareholders of unprofitable companies usually expect strong revenue growth. … Given the revenue growth, the share price drop of 44% seems quite harsh.

Simply Wall St -

Does GVC Holdings PLC's (LON:GVC) CEO Pay Compare Well With Peers?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … Check out our latest analysis for GVC Holdings … How Does Kenny Alexander's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Know This Before Buying GVC Holdings PLC (LON:GVC) For Its Dividend

Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. … Historically, GVC Holdings PLC (LON:GVC) has paid dividends to shareholders, and these days it yields 4.5%. … Let's dig deeper into whether GVC Holdings should have a place in your portfolio.

Simply Wall St -

Here’s why GVC Holdings PLC’s (LON:GVC) Returns On Capital Matters So Much

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … Return On Capital Employed (ROCE): What is it? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

GVC Holdings PLC (LON:GVC): Time For A Financial Health Check

Mid-caps stocks, like GVC Holdings PLC (LON:GVC) with a market capitalization of UK£4.2b, aren’t the focus of most investors who prefer to direct their investments towards either large-cap or small-cap stocks. … Today we will look at GVC’s financial liquidity and debt levels, which are strong indicators for whether the company can weather economic downturns or fund strategic acquisitions for future growth. … Don’t forget that this is a general and concentrated examination of GVC Holdings’s financial health, so you should conduct further analysis.

Simply Wall St -

Should You Be Worried About GVC Holdings PLC's (LON:GVC) 3.1% Return On Equity?

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 £0.031. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Much is GVC Holdings PLC's (LON:GVC) CEO Getting Paid?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Kenny Alexander's Compensation Compare With Similar Sized Companies. … As you can see, Kenny Alexander is paid more than the median CEO pay at companies of a similar size, in the same market

Simply Wall St -

GVC Company Info

Description

GVC Holdings PLC, together with its subsidiaries, operates as an online gaming company in Germany, the United Kingdom, rest of Europe, and internationally. It operates through Sports Labels, Games Labels, B2B, and Non-Core segments. The company provides online betting, casino, poker, and bingo services through mobile and web under the Bwin brand; sports betting, casinos, games, and poker through online and mobile under the Sportingbet brand; and online bingo, sportsbook, casino, and poker access under the Betboo brand, as well as operates an online casino Website for German-speaking markets under the CasinoClub brand. It also offers Gamebookers, a full-service sportsbook; partypoker, which operates online poker services; partycasino that provides online casino services; Gioco Digitale, a gaming site; Foxy Bingo that provides online bingo services; and Foxy Casino, which offers slot games, jackpots, and various table games. In addition, the company provides Danske Spil that provides onling gaming services; PMU that offers online poker services; and InterTrader, which provides market financial derivatives, such as spread betting. GVC Holdings PLC was founded in 2004 and is headquartered in Douglas, the United Kingdom.

Details
Name: GVC Holdings PLC
GVC
Exchange: LSE
Founded: 2004
£3,532,087,444
581,892,495
Website: http://www.gvc-plc.com
Address: GVC Holdings PLC
32 Athol Street,
Douglas,
Isle of Man, IM1 1JB,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE GVC Ordinary Shares London Stock Exchange GB GBP 21. Dec 2004
OTCPK GMVH.F Ordinary Shares Pink Sheets LLC US USD 21. Dec 2004
DB 6GI Ordinary Shares Deutsche Boerse AG DE EUR 21. Dec 2004
WBAG GVC Ordinary Shares Wiener Boerse AG AT EUR 21. Dec 2004
BATS-CHIXE GVCL Ordinary Shares BATS 'Chi-X Europe' GB GBP 21. Dec 2004
Number of employees
Current staff
Staff numbers
25,565
GVC Holdings employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 21:44
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/21
Last earnings filing: 2019/05/01
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.