Playtech
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Playtech Plc develops and sells software products for the online and land-based gambling industries worldwide. The last earnings update was 89 days ago. More info.
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PTEC Share Price and Events
7 Day Returns
1 Year Returns
PTEC Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Playtech (PTEC) | 3.9% | -7% | 11.8% | -50.4% | -51.7% | -36% |
| GB Hospitality | 3.2% | 0.5% | -1.3% | -7.6% | 11% | 30.7% |
| GB Market | 1.3% | -1.6% | 1.9% | -5% | 15.8% | 2.5% |
1 Year Return vs Industry and Market
- PTEC underperformed the Hospitality industry which returned -7.6% over the past year.
- PTEC underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5% over the past year.
Value
Is Playtech 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
Playtech
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 Playtech.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 6 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.6% |
| 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% |
| 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- 21%) (57.3%)) |
1.237 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.24 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.237 * 5.96%) |
8.6% |
Discounted Cash Flow Calculation for LSE:PTEC using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Playtech 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 (EUR, Millions) | Source |
Present Value Discounted (@ 8.6%) |
|
|---|---|---|---|
| 2019 | 191.55 | Analyst x2 | 176.39 |
| 2020 | 242.43 | Analyst x3 | 205.57 |
| 2021 | 256.20 | Analyst x1 | 200.04 |
| 2022 | 260.11 | Est @ 1.53% | 187.02 |
| 2023 | 263.85 | Est @ 1.44% | 174.68 |
| 2024 | 267.47 | Est @ 1.37% | 163.06 |
| 2025 | 271.03 | Est @ 1.33% | 152.15 |
| 2026 | 274.55 | Est @ 1.3% | 141.92 |
| 2027 | 278.05 | Est @ 1.28% | 132.36 |
| 2028 | 281.56 | Est @ 1.26% | 123.42 |
| Present value of next 10 years cash flows | €1,656.61 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €281.56 × (1 + 1.23%) ÷ (8.6% – 1.23%) |
€3,867.03 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €3,867.03 ÷ (1 + 8.6%)10 |
€1,695.05 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €1,656.61 + €1,695.05 |
€3,351.66 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €3,351.66 / 307.17 |
€10.91 |
| Calculation | Result | |
|---|---|---|
| Exchange Rate | EUR/GBP
(Reporting currency to currency of LSE:PTEC) |
0.877 |
| Value per Share (GBP) |
= Value per Share in EUR x Exchange Rate (EUR/GBP)
= €10.91 x 0.877 |
£9.57 |
| Value per share (GBP) | From above. | £9.57 |
| Current discount | Discount to share price of
£4.05
= -1 x (£4.05 - £9.57) / £9.57 |
57.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Playtech's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Playtech'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 Playtech's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Playtech'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 EUR | €0.39 |
| LSE:PTEC Share Price ** | LSE (2019-05-20) in GBP | £4.05 |
| LSE:PTEC Share Price converted to EUR reporting currency | Exchange rate (GBP/ EUR) 1.14 | €4.61 |
| United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio | Median Figure of 34 Publicly-Listed Hospitality Companies | 17.95x |
| United Kingdom of Great Britain and Northern Ireland Market PE Ratio | Median Figure of 788 Publicly-Listed Companies | 16.24x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Playtech.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = LSE:PTEC Share Price ÷ EPS (both in EUR) = 4.61 ÷ 0.39 |
11.73x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Playtech is good value based on earnings compared to the GB Hospitality industry average.
- Playtech is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does
Playtech's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 11.73x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts |
21.1%per year |
| United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio | Median Figure of 28 Publicly-Listed Hospitality Companies | 2.06x |
| United Kingdom of Great Britain and Northern Ireland Market PEG Ratio | Median Figure of 574 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 11.73x ÷ 21.1% |
0.56x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Playtech is good value based on expected growth next year.
Price based on value of assets
What value do investors place on
Playtech's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €4.26 |
| LSE:PTEC Share Price * | LSE (2019-05-20) in GBP | £4.05 |
| LSE:PTEC Share Price converted to EUR reporting currency | Exchange rate (GBP/ EUR) 1.14 | €4.61 |
| United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio | Median Figure of 54 Publicly-Listed Hospitality Companies | 1.39x |
| United Kingdom of Great Britain and Northern Ireland Market PB Ratio | Median Figure of 1,368 Publicly-Listed Companies | 1.51x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = LSE:PTEC Share Price ÷ Book Value per Share (both in EUR) = 4.61 ÷ 4.26 |
1.08x |
* Primary Listing of Playtech.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Playtech is good value based on assets compared to the GB Hospitality industry average.
Value checks
We assess Playtech'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) Playtech has a total score of 6/6, 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.
Future Performance
How is Playtech expected to perform in the next 1 to 3 years based on estimates from 6 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!
Earnings growth vs Low Risk Savings
- Playtech's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
- Playtech's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
- Playtech'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:PTEC Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts | 21.1% |
| LSE:PTEC Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts | 11.1% |
| 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 | 10.8% |
| United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (4 months ago) | See Below |
| Future Estimates | Average of up to 6 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1,760 | 426 | 241 | 3 |
| 2020-12-31 | 1,660 | 409 | 214 | 6 |
| 2019-12-31 | 1,608 | 380 | 190 | 5 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 1,240 | 387 | 124 |
| 2018-09-30 | 1,031 | 384 | 197 |
| 2018-06-30 | 822 | 382 | 271 |
| 2018-03-31 | 815 | 344 | 260 |
| 2017-12-31 | 807 | 307 | 248 |
| 2017-09-30 | 800 | 303 | 241 |
| 2017-06-30 | 792 | 299 | 234 |
| 2017-03-31 | 750 | 275 | 213 |
| 2016-12-31 | 709 | 251 | 193 |
| 2016-09-30 | 695 | 228 | 147 |
| 2016-06-30 | 682 | 205 | 101 |
| 2016-03-31 | 656 | 203 | 118 |
*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 6 Analyst Estimates (S&P Global) | See Below |
All data from Playtech Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 0.76 | 0.77 | 0.76 | 2.00 |
| 2020-12-31 | 0.65 | 0.68 | 0.61 | 3.00 |
| 2019-12-31 | 0.60 | 0.60 | 0.60 | 1.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.39 |
| 2018-09-30 | 0.63 |
| 2018-06-30 | 0.86 |
| 2018-03-31 | 0.82 |
| 2017-12-31 | 0.79 |
| 2017-09-30 | 0.77 |
| 2017-06-30 | 0.75 |
| 2017-03-31 | 0.68 |
| 2016-12-31 | 0.61 |
| 2016-09-30 | 0.46 |
| 2016-06-30 | 0.32 |
| 2016-03-31 | 0.38 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Playtech'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)
Playtech 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.
Past Performance
How has Playtech 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
- Playtech's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Playtech's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Playtech's 1-year earnings growth is negative, it can't be compared to the GB Hospitality industry average.
Earnings and Revenue History
All data from Playtech Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 1,240.44 | 123.81 | 923.10 | |
| 2018-09-30 | 1,031.23 | 197.36 | 743.69 | |
| 2018-06-30 | 822.03 | 270.92 | 548.19 | |
| 2018-03-31 | 814.57 | 259.53 | 526.83 | |
| 2017-12-31 | 807.12 | 248.14 | 521.54 | |
| 2017-09-30 | 799.76 | 241.02 | 495.69 | |
| 2017-06-30 | 792.41 | 233.91 | 469.83 | |
| 2017-03-31 | 750.48 | 213.47 | 441.55 | |
| 2016-12-31 | 708.56 | 193.03 | 413.27 | |
| 2016-09-30 | 695.17 | 146.85 | 410.62 | |
| 2016-06-30 | 681.79 | 100.67 | 407.98 | |
| 2016-03-31 | 655.94 | 118.24 | 395.54 | |
| 2015-12-31 | 630.09 | 135.81 | 383.10 | |
| 2015-09-30 | 579.37 | 142.22 | 348.92 | |
| 2015-06-30 | 528.65 | 148.63 | 314.73 | |
| 2015-03-31 | 492.82 | 144.48 | 286.80 | |
| 2014-12-31 | 456.98 | 140.33 | 258.87 | |
| 2014-09-30 | 430.86 | 145.44 | 244.64 | |
| 2014-06-30 | 404.73 | 150.55 | 230.42 | |
| 2014-03-31 | 385.97 | 319.56 | 221.83 | |
| 2013-12-31 | 367.21 | 488.58 | 213.24 | |
| 2013-09-30 | 353.89 | 481.41 | 205.83 | |
| 2013-06-30 | 340.58 | 474.25 | 198.42 | |
| 2013-03-31 | 329.04 | 280.50 | 192.11 | |
| 2012-12-31 | 317.50 | 86.76 | 185.79 | |
| 2012-09-30 | 301.21 | 76.37 | 177.13 | |
| 2012-06-30 | 284.92 | 65.99 | 168.46 |
*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.
- Playtech has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Playtech used its assets less efficiently than the GB Hospitality industry average last year based on Return on Assets.
- Playtech's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Playtech'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)
Playtech 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.
Health
How is Playtech'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 Playtech's finances.
The net worth of a company is the difference between its assets and liabilities.
- Playtech's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Playtech's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.2x 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 Playtech Company Filings, last reported 4 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 1,350.51 | 811.55 | 622.20 |
| 2018-09-30 | 1,350.51 | 811.55 | 622.20 |
| 2018-06-30 | 1,438.00 | 1,295.14 | 936.57 |
| 2018-03-31 | 1,438.00 | 1,295.14 | 936.57 |
| 2017-12-31 | 1,358.45 | 476.46 | 583.96 |
| 2017-09-30 | 1,358.45 | 476.46 | 583.96 |
| 2017-06-30 | 1,108.17 | 471.29 | 536.43 |
| 2017-03-31 | 1,108.17 | 471.29 | 536.43 |
| 2016-12-31 | 1,099.72 | 466.23 | 544.84 |
| 2016-09-30 | 1,099.72 | 466.23 | 544.84 |
| 2016-06-30 | 1,239.10 | 461.30 | 777.58 |
| 2016-03-31 | 1,239.10 | 461.30 | 777.58 |
| 2015-12-31 | 1,260.70 | 456.43 | 857.90 |
| 2015-09-30 | 1,260.70 | 456.43 | 857.90 |
| 2015-06-30 | 1,245.07 | 251.68 | 780.25 |
| 2015-03-31 | 1,245.07 | 251.68 | 780.25 |
| 2014-12-31 | 873.18 | 247.04 | 692.35 |
| 2014-09-30 | 873.18 | 247.04 | 692.35 |
| 2014-06-30 | 780.86 | 0.00 | 365.97 |
| 2014-03-31 | 780.86 | 0.00 | 365.97 |
| 2013-12-31 | 921.02 | 0.00 | 533.24 |
| 2013-09-30 | 921.02 | 0.00 | 533.24 |
| 2013-06-30 | 875.50 | 0.00 | 576.22 |
| 2013-03-31 | 875.50 | 0.00 | 576.22 |
| 2012-12-31 | 514.18 | 69.22 | 127.37 |
| 2012-09-30 | 514.18 | 69.22 | 127.37 |
| 2012-06-30 | 462.13 | 75.60 | 139.32 |
- Playtech's level of debt (60.1%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (0% vs 60.1% today).
- Debt is well covered by operating cash flow (47.7%, greater than 20% of total debt).
- Playtech earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Playtech'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) Playtech has a total score of 3/6, 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.
Dividends
What is Playtech'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
Playtech
shares you are expected to receive
£105
in your first year as a dividend.
Dividend Amount
- Playtech's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.99%).
- Playtech's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.21%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| 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 6 Analyst Estimates (S&P Global) | See Below |
| United Kingdom of Great Britain and Northern Ireland Hospitality Industry Average Dividend Yield | Market Cap Weighted Average of 32 Stocks | 3.2% |
| United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield | Market Cap Weighted Average of 705 Stocks | 4.3% |
| United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield | 25th Percentile | 2% |
| United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield | 75th Percentile | 5.2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.31 | 3.00 |
| 2020-12-31 | 0.30 | 7.00 |
| 2019-12-31 | 0.28 | 7.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-21 | 0.241 | 4.918 |
| 2019-02-20 | 0.241 | 5.472 |
| 2018-02-22 | 0.360 | 5.984 |
| 2017-04-21 | 0.327 | 3.207 |
| 2017-02-23 | 0.327 | 3.065 |
| 2016-04-14 | 0.285 | 2.800 |
| 2015-04-17 | 0.264 | 2.348 |
| 2014-02-20 | 0.232 | 2.689 |
| 2013-08-29 | 0.232 | 2.714 |
| 2013-03-14 | 0.308 | 4.085 |
| 2012-11-14 | 0.156 | 2.781 |
| 2012-08-30 | 0.156 | 3.189 |
| 2012-03-15 | 0.165 | 3.744 |
| 2011-05-11 | 0.192 | 5.706 |
| 2010-08-26 | 0.188 | 4.152 |
| 2010-03-17 | 0.188 | 3.362 |
| 2010-01-26 | 0.188 | 3.343 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Playtech has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Playtech only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of
Playtech's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.6x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).
Income/ dividend checks
We assess Playtech'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 Playtech afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Playtech has a total score of 4/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €4,191,576 |
| AGE | 42 |
| TENURE AS CEO | 12 years |
CEO Bio
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. Weizer has considerable international sales and management experience in a hi-tech environment and extensive knowledge of the online gambling industry. Mr. Weizer served as the Chief Executive Officer of one of Playtech's subsidiaries, Techplay Marketing Ltd which oversaw licensee relationship management, product management for new licensees and the group's marketing activities. Mr. Weizer worked in a variety of roles, including as an auditor and financial consultant for PricewaterhouseCoopers and a system analyst for Tadiran Electronic Systems Limited. Mr. Weizer worked for Oracle for over four years, initially as a Development Consultant and then as a Product Manager, which involved creating sales and consulting channels on behalf of Oracle Israel and Oracle Europe, the Middle East and Africa. Mr. Weizer has been Chairman of the Board of Directors at Snaitech S.p.A. since July 2018. Mr. Weizer has been a Director of Playtech Inc. and Snaitech S.p.A. Mr. Weizer served as a Non-Executive Director of Sportech plc from March 23, 2011 to June 20, 2013. Mr. Weizer is a Qualified Accountant.
CEO Compensation
- Mor's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
- Mor'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 Playtech management team in years:
- The tenure for the Playtech management team is about average.
Management Team
Mor Weizer
CEO & Executive Director
€4M
42
12 yrs
Andy Smith
CFO & Executive Director
€1M
2.3 yrs
Shimon Akad
Chief Operating Officer
Chris McGinnis
Director of Investor Relations & Strategic Analysis
Ian Ince
Head of Regulatory Affairs & Compliance
Alex Latner
General Counsel
James Newman
Director of Corporate Affairs
Francesco Rodano
Chief Policy Officer
2.9 yrs
Robert Penfold
Head of Internal Audit
Ron Hoffman
Chief Executive Officer of TradeTech Group
€1M
41
2.3 yrs
Board of Directors Tenure
Average tenure and age of the Playtech board of directors in years:
- The average tenure for the Playtech board of directors is less than 3 years, this suggests a new board.
Board of Directors
Alan Jackson
Non-Executive Chairman of Board
€449K
74
5.6 yrs
Mor Weizer
CEO & Executive Director
€4M
42
12 yrs
Andy Smith
CFO & Executive Director
€1M
2.3 yrs
Claire Milne
Non-Executive Director
€117K
2.8 yrs
Sue Ball
Non-Executive Director
57
0.8 yrs
Ian Penrose
Non-Executive Director
52
0.7 yrs
John Jackson
Senior Independent Director
€117K
71
Anna Massion
Independent Non-Executive Director
0.1 yrs
John Krumins
Independent Non-Executive Director
54
0.1 yrs
Who owns this company?
Recent Insider Trading
- More shares have been bought than sold by Playtech insiders in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (£) | Value (£) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 01. Mar 19 | Buy | Andrew Smith | Individual | 28. Feb 19 | 28. Feb 19 | 4,500 | £4.18 | £18,810 | ||
| 01. Mar 19 | Buy | Moran Weizer | Individual | 28. Feb 19 | 28. Feb 19 | 14,750 | £4.25 | £62,687 | ||
| 06. Jul 18 | Buy | Andrew Smith | Individual | 05. Jul 18 | 05. Jul 18 | 15,000 | £5.41 | £81,090 | ||
| 06. Jul 18 | Buy | Ron Hoffman | Individual | 05. Jul 18 | 05. Jul 18 | 13,300 | £5.44 | £72,332 | ||
| 06. Jul 18 | Buy | Moran Weizer | Individual | 05. Jul 18 | 05. Jul 18 | 55,000 | £5.39 | £296,582 | ||
| 06. Jul 18 | Buy | Alan Jackson | Individual | 05. Jul 18 | 05. Jul 18 | 10,000 | £5.40 | £54,010 | ||
Management checks
We assess Playtech'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) Playtech 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.
News
Simply Wall St News
Should You Be Excited About Playtech plc's (LON:PTEC) 19% Return On Equity?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every £1 worth of equity in the company, it was able to earn £0.19. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHow Much is Playtech plc's (LON:PTEC) CEO Getting Paid?
This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … How Does Mor Weizer's Compensation Compare With Similar Sized Companies. … It would therefore appear that Playtech plc pays Mor Weizer more than the median CEO remuneration at companies of a similar size, in the same market
Simply Wall St - – Full articlePlaytech plc (LON:PTEC): Time For A Financial Health Check
Playtech plc (LON:PTEC) is a small-cap stock with a market capitalization of UK£1.4b. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is.
Simply Wall St - – Full articleAn Examination Of Playtech plc (LON:PTEC)
Attractive stocks have exceptional fundamentals. … In the case of Playtech plc (LON:PTEC), there's … track record
Simply Wall St - – Full articleDoes Playtech plc's (LON:PTEC) PE Ratio Warrant A Buy?
Although some investors may jump to the conclusion that this is a great buying opportunity, understanding the assumptions behind the P/E ratio might change your mind. … I will explain what the P/E ratio is as well as what you should look out for when using it … Breaking down the Price-Earnings ratio
Simply Wall St - – Full articleWhat You Must Know About Playtech plc's (LON:PTEC) Financial Health
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as Playtech plc (LON:PTEC) with a market-capitalization of €1.72b, rarely draw their attention. … Let’s take a look at PTEC’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Note that this information is centred entirely on financial health and is a top-level understanding, so I encourage you to look further.
Simply Wall St - – Full articleDoes Playtech plc's (LON:PTEC) 28.55% Earnings Growth Make It An Outperformer?
For long-term investors, assessing earnings trend over time and against industry benchmarks is more beneficial than examining a single earnings announcement at a point in time. … Investors may find my commentary, albeit very high-level and brief, on Playtech plc (LON:PTEC) useful as an attempt to give more color around how Playtech is currently performing. … PTEC's trailing twelve-month earnings (from 31 December 2017) of €248.14m has
Simply Wall St - – Full articleDoes Playtech plc (LON:PTEC) Generate Enough Cash?
If you are currently a shareholder in Playtech plc (LON:PTEC), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … Playtech generates cash through its day-to-day business, which needs to be reinvested into the company in order for it to continue operating. … The two ways to assess whether Playtech’s FCF is sufficient, is to compare the FCF yield to the market index yield, as well as determine whether the top-line operating cash flows will continue to grow.
Simply Wall St - – Full articleShould You Be Tempted To Sell Playtech plc (LON:PTEC) At Its Current PE Ratio?
But can investors make a closing judgement of the company’s value based on this low multiple. … The answer is no, since important variables like the company’s potential to grow and debt levels are ignored in the PE’s calculation … Below, I will lay out some important considerations to help determine which multiple best suits
Simply Wall St - – Full articleHave Investors Priced In Playtech plc's (LON:PTEC) Growth?
Playtech plc (LON:PTEC) is a stock well-positioned for future growth, but many investors are wondering whether its last closing price of £7.65 is based on unrealistic expectations. … Let’s take a look at some key metrics to determine whether there's any value here for current and potential future investors. … According to the analysts covering the company, the following few years should bring about good growth prospects for Playtech
Simply Wall St - – Full articleCompany Info
Description
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 online trading platform to retail customers, which enable them to trade contracts for differences on various instruments, such as foreign exchange, commodities, equities, and indices; and provides B2B clearing and execution services for retail brokers and professional clients. The company also offers online gaming applications, including online casino, poker, bingo, sports betting, live gaming, casual, and fixed odds games. In addition, it owns the intellectual property rights and licenses the software; provides marketing and advertising, turnkey, and operational and hosting services; offers advisory services for processing and cashier to online gaming operators; operates betting shops; and distributes lottery software. Playtech Plc was founded in 1999 and is headquartered in Douglas, the Isle of Man.
Details
| Name: | Playtech plc |
| PTEC | |
| Exchange: | LSE |
| Founded: | 1999 |
| £1,242,804,410 | |
| 307,168,663 | |
| Website: | http://www.playtech.com |
| Address: |
Playtech plc St George’s Court, Ground Floor, Douglas, IM1 1EE, Isle of Man |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| LSE | PTEC | Ordinary Shares | London Stock Exchange | GB | GBP | 28. Mar 2006 | |
| OTCPK | PYTC.F | Ordinary Shares | Pink Sheets LLC | US | USD | 28. Mar 2006 | |
| DB | PL8 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 28. Mar 2006 | |
| BST | PL8 | Ordinary Shares | Boerse-Stuttgart | DE | EUR | 28. Mar 2006 | |
| BATS-CHIXE | PTECL | Ordinary Shares | BATS 'Chi-X Europe' | GB | GBP | 28. Mar 2006 | |
| OTCPK | PYTC.Y | UNSPONSORED ADS | Pink Sheets LLC | US | USD | 28. May 2010 |
Number of employees
Current staff
Industry
| Casinos and Gaming | |
| Consumer Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/20 21:01 |
| End of day share price update: | 2019/05/20 00:00 |
| Last estimates confirmation: | 2019/05/14 |
| Last earnings filing: | 2019/02/20 |
| 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.
