GVC Holdings
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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.
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GVC Share Price and Events
7 Day Returns
1 Year Returns
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.
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for GVC Holdings.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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
Current Discount Checks
- 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?
| 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.
| 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?
| 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?
| 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 |
| 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.
Value checks
We assess GVC Holdings's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess GVC Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- 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)
- 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)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from GVC Holdings Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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.
Past performance checks
We assess GVC Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from GVC Holdings Company Filings, last reported 4 months ago.
| 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.
Financial health checks
We assess GVC Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) GVC Holdings has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
£2,000 of
GVC Holdings
shares you are expected to receive
£105
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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 |
| 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.
Income/ dividend checks
We assess GVC Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the GVC Holdings management team is about average.
Management Team
Kenny Alexander
CEO & Executive Director
£21M
49
12.2 yrs
Robert Willis
Co-Founder
48
Rob Wood
Chief Financial Officer
0.2 yrs
Shay Segev
Chief Operating Officer
3.2 yrs
Paul Tymms
Head of Investor Relations
Nick Batram
Director of Investor Relations & External Communications
Per Gustafsson
Vice President of Business Development
Adam Lewis
Chief Marketing Officer
6.2 yrs
Jon Salmon
Head of CasinoClub
9.3 yrs
Liron Snir
Chief Product Officer
3.2 yrs
Board of Directors Tenure
Average tenure and age of the GVC Holdings board of directors in years:
- 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
Non Executive Chairman
£10M
50
10.7 yrs
Kenny Alexander
CEO & Executive Director
£21M
49
12.3 yrs
Jane Anscombe
Non-Executive Director
£67K
1.9 yrs
Pierre Bruno Bouchut
Independent Non-executive Director
63
0.7 yrs
Stephen Morana
Senior Independent Director
£95K
47
0.9 yrs
Peter Isola
Non-Executive Director
£100K
59
3.3 yrs
Virginia McDowell
Independent Non-Executive Director
60
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 | ||
Management checks
We assess GVC Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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 - – Full articleCan 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 - – Full articleHave 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 - – Full articleDid 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 - – Full articleDoes 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 - – Full articleKnow 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 - – Full articleHere’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 - – Full articleGVC 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 - – Full articleShould 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 - – Full articleHow 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 - – Full articleGVC 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
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.
