Market Cap
UK£1.2b
Last Updated
2019/12/15 20:49 UTC
Data Sources
Company Financials +
Executive Summary
Playtech Plc develops and sells software products for the online and land-based gambling industries worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Adequate balance sheet and fair value.
Similar Companies
Share Price & News
How has Playtech's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PTEC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.1%
PTEC
1.3%
GB Hospitality
2.3%
GB Market
1 Year Return
-5.6%
PTEC
17.9%
GB Hospitality
10.7%
GB Market
Return vs Industry: PTEC underperformed the UK Hospitality industry which returned 17.9% over the past year.
Return vs Market: PTEC underperformed the UK Market which returned 10.7% over the past year.
Shareholder returns
| PTEC | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.1% | 1.3% | 2.3% |
| 30 Day | -3.8% | -1.5% | 2.5% |
| 90 Day | -9.5% | 2.2% | 3.0% |
| 1 Year | -2.1%-5.6% | 21.3%17.9% | 16.4%10.7% |
| 3 Year | -44.7%-50.8% | 35.3%21.3% | 21.3%5.8% |
| 5 Year | -26.3%-40.6% | 57.8%32.9% | 41.0%8.7% |
Price Volatility Vs. Market
How volatile is Playtech's share price compared to the market and industry in the last 5 years?
Simply Wall St News
6 days ago | Simply Wall St
These 4 Measures Indicate That Playtech (LON:PTEC) Is Using Debt Reasonably Well2 weeks ago | Simply Wall St
Some Playtech (LON:PTEC) Shareholders Have Copped A Big 56% Share Price Drop1 month ago | Simply Wall St
Is Playtech plc (LON:PTEC) Struggling With Its 5.8% Return On Capital Employed?Valuation
Is Playtech undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PTEC (£3.86) is trading below our estimate of fair value (£9.68)
Significantly Below Fair Value: PTEC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: PTEC is poor value based on its PE Ratio (51.2x) compared to the Hospitality industry average (27.3x).
PE vs Market: PTEC is poor value based on its PE Ratio (51.2x) compared to the UK market (17.6x).
Price to Earnings Growth Ratio
PEG Ratio: PTEC is poor value based on its PEG Ratio (1.1x)
Price to Book Ratio
PB vs Industry: PTEC is good value based on its PB Ratio (1.1x) compared to the GB Hospitality industry average (1.6x).
Next Steps
Future Growth
How is Playtech forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
46.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PTEC's forecast earnings growth (46.3% per year) is above the savings rate (0.5%).
Earnings vs Market: PTEC's earnings (46.3% per year) are forecast to grow faster than the UK market (12.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PTEC's revenue (2.3% per year) is forecast to grow slower than the UK market (3.5% per year).
High Growth Revenue: PTEC's revenue (2.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PTEC's Return on Equity is forecast to be low in 3 years time (12.2%).
Next Steps
Past Performance
How has Playtech performed over the past 5 years?
2.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: PTEC has high quality earnings.
Growing Profit Margin: PTEC's current net profit margins (1.8%) are lower than last year (33%).
Past Earnings Growth Analysis
Earnings Trend: PTEC's earnings have grown by 2.7% per year over the past 5 years.
Accelerating Growth: PTEC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: PTEC had negative earnings growth (-89.6%) over the past year, making it difficult to compare to the Hospitality industry average (4.9%).
Return on Equity
High ROE: PTEC's Return on Equity (2.3%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is Playtech's financial position?
Financial Position Analysis
Short Term Liabilities: PTEC's short term assets (€1.2B) exceed its short term liabilities (€931.3M).
Long Term Liabilities: PTEC's short term assets (€1.2B) exceed its long term liabilities (€1.1B).
Debt to Equity History and Analysis
Debt Level: PTEC's debt to equity ratio (90.2%) is considered high.
Reducing Debt: PTEC's debt to equity ratio has increased from 0.3% to 90.2% over the past 5 years.
Debt Coverage: PTEC's debt is well covered by operating cash flow (25.1%).
Interest Coverage: PTEC's interest payments on its debt are well covered by EBIT (6.7x coverage).
Balance Sheet
Inventory Level: PTEC has a low level of unsold assets or inventory.
Debt Coverage by Assets: PTEC's debt is covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is Playtech's current dividend yield, its reliability and sustainability?
2.64%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: PTEC's dividend (2.64%) is higher than the bottom 25% of dividend payers in the UK market (1.9%).
High Dividend: PTEC's dividend (2.64%) is low compared to the top 25% of dividend payers in the UK market (5.06%).
Stability and Growth of Payments
Stable Dividend: PTEC's dividend payments have been volatile in the past 10 years.
Growing Dividend: PTEC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (200%), PTEC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PTEC's dividends in 3 years are forecast to be well covered by earnings (39.3% payout ratio).
Next Steps
Management
What is the CEO of Playtech's salary, the management and board of directors tenure and is there insider trading?
3.2yrs
Average management tenure
CEO
Mor Weizer (43yo)
12.6yrs
Tenure
€3,016,985
Compensation
Mr. Mor Weizer, also known as Mor, serves as the Chief Executive Officer of Playtech Inc. Mr. Weizer has been the Chief Executive Officer and Executive Director of Playtech plc since May 2, 2007. Mr. Weize ...
CEO Compensation Analysis
Compensation vs Market: Mor's total compensation ($USD3.36M) is above average for companies of similar size in the UK market ($USD1.85M).
Compensation vs Earnings: Mor's compensation has been consistent with company performance over the past year.
Management Age and Tenure
3.2yrs
Average Tenure
Experienced Management: PTEC's management team is considered experienced (3.2 years average tenure).
Board Age and Tenure
2.1yrs
Average Tenure
54yo
Average Age
Experienced Board: PTEC's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Lead Director Senior Independent Director |
| Shares | 5,000 |
| Max Price | UK£4.09 |
| Entity | Individual |
| Role | Chief Executive Officer CEO & Executive Director |
| Shares | 14,750 |
| Max Price | UK£4.25 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO & Executive Director |
| Shares | 4,500 |
| Max Price | UK£4.18 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Mor Weizer (43yo)
CEO & Executive Director
- Tenure: 12.6yrs
- Compensation: €3.02m
Ron Hoffman (42yo)
Chief Executive Officer of TradeTech Group
- Tenure: 2.9yrs
- Compensation: €1.35m
Shimon Akad
Chief Operating Officer
- Tenure: 0yrs
Chris McGinnis
Director of Investor Relations & Strategic Analysis
- Tenure: 0yrs
Andy Smith
CFO & Executive Director
- Tenure: 2.9yrs
- Compensation: €962.32k
Ian Ince
Head of Regulatory Affairs & Compliance
- Tenure: 0yrs
Francesco Rodano
Chief Policy Officer
- Tenure: 3.5yrs
James Newman
Director of Corporate Affairs
- Tenure: 0yrs
Alex Latner
General Counsel
- Tenure: 0yrs
Robert Penfold
Head of Internal Audit
- Tenure: 0yrs
Board Members
Alan Jackson (75yo)
Non-Executive Chairman of Board
- Tenure: 6.2yrs
- Compensation: €442.89k
Ian Penrose (53yo)
Non-Executive Director
- Tenure: 1.3yrs
- Compensation: €39.26k
John Jackson (72yo)
Senior Independent Director
- Tenure: 0.6yrs
- Compensation: €118.56k
John Krumins (55yo)
Independent Non-Executive Director
- Tenure: 0.7yrs
Mor Weizer (43yo)
CEO & Executive Director
- Tenure: 12.6yrs
- Compensation: €3.02m
Anna Massion (41yo)
Independent Non-Executive Director
- Tenure: 0.7yrs
Andy Smith
CFO & Executive Director
- Tenure: 2.9yrs
- Compensation: €962.32k
Claire Milne
Non-Executive Director
- Tenure: 3.4yrs
- Compensation: €118.56k
Company Information
Playtech plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Playtech plc
- Ticker: PTEC
- Exchange: LSE
- Founded: 1999
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: UK£1.165b
- Shares outstanding: 301.81m
- Website: https://www.playtech.com
Number of Employees
Location
- Playtech plc
- St George’s Court
- Ground Floor
- Douglas
- IM1 1EE
- Isle of Man
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PTEC | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Mar 2006 |
| PL8 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Mar 2006 |
| PYTC.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Mar 2006 |
| PTECL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Mar 2006 |
| PYTC.Y | OTCPK (Pink Sheets LLC) | UNSPONSORED ADS | US | USD | May 2010 |
Biography
Playtech Plc develops and sells software products for the online and land-based gambling industries worldwide. The company operates through Gaming B2B, Gaming B2C, and Financial segments. It operates an on ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/12/15 20:49 |
| End of Day Share Price | 2019/12/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.