Loading...

William Hill

LSE:WMH
Snowflake Description

Reasonable growth potential average dividend payer.

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

William Hill plc provides sports betting and gaming services in the United Kingdom and internationally. The last earnings update was 83 days ago. More info.


Add to Portfolio Compare Print
  • William Hill has significant price volatility in the past 3 months.
WMH Share Price and Events
7 Day Returns
-2.8%
LSE:WMH
0.3%
GB Hospitality
0.5%
GB Market
1 Year Returns
-58.9%
LSE:WMH
-8.7%
GB Hospitality
-5.4%
GB Market
WMH Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
William Hill (WMH) -2.8% -20.2% -27.4% -58.9% -57.3% -62.4%
GB Hospitality 0.3% -0.1% -2.9% -8.7% 9.7% 28.7%
GB Market 0.5% -1.7% 2.1% -5.4% 13.8% 1.8%
1 Year Return vs Industry and Market
  • WMH underperformed the Hospitality industry which returned -8.7% over the past year.
  • WMH underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned -5.4% over the past year.
Price Volatility
WMH
Industry
5yr Volatility vs Market

WMH Value

 Is William Hill 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 William Hill 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 William Hill.

LSE:WMH Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.6%
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.

Calculation of Discount Rate/ Cost of Equity for LSE:WMH
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))
= 0.927 (1 + (1- 19%) (61.76%))
1.262
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.262 * 6.65%)
9.62%

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

The calculations below outline how an intrinsic value for William Hill 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:WMH DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 9.62%)
2019 37.70 Analyst x2 34.39
2020 79.38 Analyst x5 66.06
2021 95.40 Analyst x2 72.43
2022 98.19 Est @ 2.93% 68.01
2023 100.57 Est @ 2.42% 63.54
2024 102.64 Est @ 2.06% 59.16
2025 104.50 Est @ 1.81% 54.94
2026 106.21 Est @ 1.64% 50.94
2027 107.81 Est @ 1.51% 47.18
2028 109.35 Est @ 1.43% 43.65
Present value of next 10 years cash flows £560.30
LSE:WMH DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= £109.35 × (1 + 1.23%) ÷ (9.62% – 1.23%)
£1,319.13
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £1,319.13 ÷ (1 + 9.62%)10
£526.56
LSE:WMH Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £560.30 + £526.56
£1,086.86
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £1,086.86 / 873.55
£1.24
LSE:WMH Discount to Share Price
Calculation Result
Value per share (GBP) From above. £1.24
Current discount Discount to share price of £1.33
= -1 x (£1.33 - £1.24) / £1.24
-7.2%

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

  • The current share price of William Hill is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
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 William Hill's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are William Hill's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:WMH PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-01-01) in GBP £-0.84
LSE:WMH Share Price ** LSE (2019-05-23) in GBP £1.33
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PE Ratio Median Figure of 34 Publicly-Listed Hospitality Companies 18.11x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 789 Publicly-Listed Companies 16.47x

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

** Primary Listing of William Hill.

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

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

= 1.33 ÷ -0.84

-1.6x

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

  • William Hill is loss making, we can't compare its value to the GB Hospitality industry average.
  • William Hill 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 William Hill's expected growth come at a high price?
Raw Data
LSE:WMH PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.6x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
116.4%per year
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PEG Ratio Median Figure of 28 Publicly-Listed Hospitality Companies 2.05x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 574 Publicly-Listed Companies 1.46x

*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 William Hill, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on William Hill's assets?
Raw Data
LSE:WMH PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-01-01) in GBP £0.35
LSE:WMH Share Price * LSE (2019-05-23) in GBP £1.33
United Kingdom of Great Britain and Northern Ireland Hospitality Industry PB Ratio Median Figure of 54 Publicly-Listed Hospitality Companies 1.38x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,369 Publicly-Listed Companies 1.5x
LSE:WMH PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 1.33 ÷ 0.35

3.84x

* Primary Listing of William Hill.

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

  • William Hill is overvalued based on assets compared to the GB Hospitality industry average.
X
Value checks
We assess William Hill'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. William Hill has a total score of 0/6, 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.

WMH Future Performance

 How is William Hill expected to perform in the next 1 to 3 years based on estimates from 11 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
116.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is William Hill expected to grow at an attractive rate?
  • William Hill's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • William Hill's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • William Hill's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:WMH Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:WMH Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 116.4%
LSE:WMH Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 3.6%
United Kingdom of Great Britain and Northern Ireland Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 12%
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 10.9%
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:WMH Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:WMH Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,798 286 146 7
2020-12-31 1,739 231 101 11
2019-12-31 1,645 192 75 10
LSE:WMH Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-01-01 1,621 198 -716
2018-10-01 1,619 242 -729
2018-06-26 1,735 286 -968
2018-03-26 1,723 288 -525
2017-12-26 1,593 290 142
2017-09-26 1,580 253 152
2017-06-27 1,568 215 161
2017-03-27 1,586 240 163
2016-12-27 1,604 266 165
2016-09-27 1,601 287 185
2016-06-28 1,597 308 205
2016-03-28 1,594 304 198

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • William Hill's earnings are expected to grow significantly at over 20% yearly.
  • William Hill's revenue is expected to grow by 3.6% 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:WMH 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 11 Analyst Estimates (S&P Global) See Below

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

LSE:WMH Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.18 0.18 0.17 2.00
2020-12-31 0.13 0.15 0.10 6.00
2019-12-31 0.09 0.11 0.08 3.00
LSE:WMH Past Financials Data
Date (Data in GBP Millions) EPS *
2019-01-01 -0.84
2018-10-01 -0.85
2018-06-26 -1.13
2018-03-26 -0.61
2017-12-26 0.17
2017-09-26 0.18
2017-06-27 0.19
2017-03-27 0.19
2016-12-27 0.19
2016-09-27 0.21
2016-06-28 0.23
2016-03-28 0.22

*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.
  • William Hill is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess William Hill'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.
William Hill 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.

WMH Past Performance

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

LSE:WMH Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-01-01 1,621.30 -716.10
2018-10-01 1,619.10 -729.00 -0.20
2018-06-26 1,735.20 -967.50 -0.90
2018-03-26 1,723.15 -525.35 -0.70
2017-12-26 1,592.80 142.40
2017-09-26 1,580.35 151.60 -0.40
2017-06-27 1,567.90 160.80 -0.80
2017-03-27 1,585.85 162.65 -0.90
2016-12-27 1,603.80 164.50 -1.00
2016-09-27 1,600.50 184.80 -1.05
2016-06-28 1,597.20 205.10 -1.10
2016-03-28 1,594.05 197.50 -1.15
2015-12-29 1,590.90 189.90 -1.20
2015-09-29 1,601.55 183.55 65.30
2015-06-30 1,612.20 177.20 131.80
2015-03-31 1,610.75 191.75 132.25
2014-12-30 1,609.30 206.30 132.70
2014-09-30 1,574.70 198.85 66.70
2014-07-01 1,540.10 191.40 0.70
2014-04-01 1,513.30 201.30 0.70
2013-12-31 1,486.50 211.20 0.70
2013-09-30 1,443.60 210.10 0.85
2013-07-02 1,400.70 209.00 1.00
2013-04-02 1,338.80 199.40 1.20
2013-01-01 1,276.90 189.80 1.40
2012-10-01 1,236.80 159.00 8.65
2012-06-26 1,196.70 128.20 15.90

*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 William Hill has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if William Hill has efficiently used its assets last year compared to the GB Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if William Hill 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 William Hill'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.
William Hill 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.

WMH Health

 How is William Hill'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 William Hill's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • William Hill is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • William Hill's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of William Hill'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 0.8x 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 William Hill Company Filings, last reported 4 months ago.

LSE:WMH Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-01-01 298.90 719.70 510.50
2018-10-01 298.90 719.70 510.50
2018-06-26 238.50 721.40 544.90
2018-03-26 238.50 721.40 544.90
2017-12-26 1,062.70 720.50 317.00
2017-09-26 1,062.70 720.50 317.00
2017-06-27 1,237.80 719.50 227.00
2017-03-27 1,237.80 719.50 227.00
2016-12-27 1,225.50 718.60 215.50
2016-09-27 1,225.50 718.60 215.50
2016-06-28 1,220.30 1,017.30 535.90
2016-03-28 1,220.30 1,017.30 535.90
2015-12-29 1,215.80 668.60 282.10
2015-09-29 1,215.80 668.60 282.10
2015-06-30 1,128.10 667.30 227.60
2015-03-31 1,128.10 667.30 227.60
2014-12-30 1,160.30 716.10 222.10
2014-09-30 1,160.30 716.10 222.10
2014-07-01 1,079.30 835.00 219.30
2014-04-01 1,079.30 835.00 219.30
2013-12-31 1,023.30 895.90 206.70
2013-09-30 1,023.30 895.90 206.70
2013-07-02 1,043.10 894.50 170.20
2013-04-02 1,043.10 894.50 170.20
2013-01-01 1,037.00 402.70 151.70
2012-10-01 1,037.00 402.70 151.70
2012-06-26 964.00 471.60 197.30
  • William Hill's level of debt (240.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (87.3% vs 240.8% today).
  • Debt is well covered by operating cash flow (27.5%, greater than 20% of total debt).
  • William Hill is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess William Hill'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. William Hill 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.

WMH Dividends

 What is William Hill'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
9%
Current annual income from William Hill dividends. Estimated to be 6.49% next year.
If you bought £2,000 of William Hill shares you are expected to receive £180 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?
  • William Hill's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (1.98%).
  • William Hill's dividend is above the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.3%).
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:WMH 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 11 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 706 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:WMH Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.09 9.00
2020-12-31 0.09 14.00
2019-12-31 0.08 12.00
LSE:WMH Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.120 7.718
2018-03-05 0.132 5.656
2018-02-23 0.132 4.061
2017-02-24 0.125 4.525
2016-05-12 0.125 4.270
2015-02-27 0.122 3.315
2014-03-04 0.116 3.290
2013-08-02 0.115 2.955
2013-03-01 0.112 2.620
2012-03-14 0.096 3.107
2012-02-24 0.096 4.139
2011-02-28 0.083 3.926
2011-02-25 0.083 4.348
2010-08-26 0.075 4.379
2010-03-01 0.100 5.390
2010-02-26 0.100 5.128
2009-08-04 0.050 2.734

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 increased over the past 10 years.
Current Payout to shareholders
What portion of William Hill'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 covered by earnings (1.9x coverage).
X
Income/ dividend checks
We assess William Hill'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 William Hill afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. William Hill 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.

WMH Management

 What is the CEO of William Hill'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
Philip Bowcock
COMPENSATION £1,031,314
AGE 49
TENURE AS CEO 2.8 years
CEO Bio

Mr. Philip Bowcock has been the Chief Executive Officer of William Hill plc since March 10, 2017. Mr. Bowcock served as an Interim Chief Executive Officer at William Hill plc from July 21, 2016 to March 10, 2017 and as served as its Chief Financial Officer since November 1, 2015 until August 17, 2016. He served as the Chief Financial Officer and Executive Director of Cineworld Group plc from December 1, 2011 to June 9, 2015. Mr. Bowcock served as Director of Finance at The Deltic Group since March 16, 2009 and served as its Company Secretary. He has a long track record in the leisure industry and a strong commercial background in multi-site international businesses. Mr. Bowcock's previous experience spans senior financial roles in property, retail and leisure activities, having acted as a Financial Controller at Barratt Developments plc, Finance Director for Tesco's UK property portfolio and Vice President Finance at Hilton Group. He has been a Director at William Hill plc since November 1, 2015. He serves as a Director of The Deltic Group. He qualified as a Chartered Management Accountant in 1996.

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

Average tenure and age of the William Hill management team in years:

1.6
Average Tenure
49
Average Age
  • The average tenure for the William Hill management team is less than 2 years, this suggests a new team.
Management Team

Philip Bowcock

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
49
TENURE
2.8 yrs

Ruth Prior

TITLE
CFO & Executive Director
COMPENSATION
£654K
AGE
51
TENURE
1.6 yrs

Paul Durkan

TITLE
Chief Information Officer
TENURE
1.7 yrs

Lyndsay Wright

TITLE
Director of Investor Relations

Harry Willits

TITLE
Group General Counsel
TENURE
1.3 yrs

Crispin Nieboer

TITLE
Group Corporate Development Director
TENURE
1.3 yrs

Karen Myers

TITLE
Group Human Resource Director
TENURE
4.1 yrs

Nicola Frampton

TITLE
Managing Director of UK Retail

Ulrik Bengtsson

TITLE
Chief Digital Officer
AGE
46
TENURE
1.1 yrs

Patrick Jonker

TITLE
Online International Managing Director
Board of Directors Tenure

Average tenure and age of the William Hill board of directors in years:

1.6
Average Tenure
51
Average Age
  • The average tenure for the William Hill board of directors is less than 3 years, this suggests a new board.
Board of Directors

Roger Devlin

TITLE
Chairman
COMPENSATION
£271K
AGE
60
TENURE
1.1 yrs

Philip Bowcock

TITLE
CEO & Executive Director
COMPENSATION
£1M
AGE
49
TENURE
3.5 yrs

Ruth Prior

TITLE
CFO & Executive Director
COMPENSATION
£654K
AGE
51
TENURE
1.6 yrs

Georgina Harvey

TITLE
Independent Non-Executive Director
COMPENSATION
£74K
AGE
53
TENURE
7.5 yrs

Robin Terrell

TITLE
Independent Non-Executive Director
COMPENSATION
£56K
TENURE
2.3 yrs

Mark Brooker

TITLE
Senior Independent Non-Executive Director
COMPENSATION
£76K
TENURE
0.5 yrs

Gordon Wilson

TITLE
Independent Non-Executive Director
AGE
51
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (£) Value (£)
12. Sep 18 Buy Roger Devlin Individual 10. Sep 18 10. Sep 18 77,490 £2.57 £198,987
05. Sep 18 Buy Ruth Prior Individual 05. Sep 18 05. Sep 18 38,998 £2.58 £100,482
X
Management checks
We assess William Hill'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. William Hill 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.

WMH News

Simply Wall St News

An Intrinsic Calculation For William Hill plc (LON:WMH) Shows It's 25.06% Undervalued

Today I will be providing a simple run through of a valuation method used to estimate the attractiveness of William Hill plc (LON:WMH) as an investment opportunity. … by projecting its future cash flows and then discounting them to today's value. … Discounted Cash Flows (DCF).

Simply Wall St -

William Hill plc (LON:WMH): Assessing Capital Returns

and want to better understand how you can grow your money by investing in William Hill plc (LON:WMH). … This share represents a portion of capital used by the company to operate the business, and it is important the company is able to use the capital base efficiently to create adequate cash flows for you as an investor. … To understand William Hill’s capital returns we will look at a useful metric called return on capital employed.

Simply Wall St -

A Look At The Intrinsic Value Of William Hill plc (LON:WMH)

by taking the expected future cash flows and discounting them to today's value. … Discounted Cash Flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model

Simply Wall St -

William Hill plc (LON:WMH): Assessing Capital Returns

and want to begin learning the link between William Hill plc (LON:WMH)’s return fundamentals and stock market performance. … Thus, to understand how your money can grow by investing in William Hill, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE) … Check out our latest analysis for William Hill

Simply Wall St -

Is William Hill plc (LON:WMH) A Financially Sound Company?

Small-cap and large-cap companies receive a lot of attention from investors, but mid-cap stocks like William Hill plc (LON:WMH), with a market cap of UK£2.54b, are often out of the spotlight. … This article will examine WMH’s financial liquidity and debt levels to get an idea of whether the company can deal with cyclical downturns and maintain funds to accommodate strategic spending for future growth. … Check out our latest analysis for William Hill

Simply Wall St -

Should You Buy William Hill plc (LON:WMH) For Its Dividend?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … In the past 10 years William Hill plc (LON:WMH) has returned an average of 4.00% per year to investors in the form of dividend payouts. … Let's take a look at William Hill in more detail.

Simply Wall St -

Why William Hill plc (LON:WMH) Could Be A Buy

A question to answer is whether William Hill's current trading price of £3.05 reflective of the actual value of the? … Let’s take a look at William Hill’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … 11.80% below my intrinsic value, which means if you buy William Hill today, you’d be paying a

Simply Wall St -

What You Must Know About William Hill plc's (LON:WMH) Financial Strength

At this current level of debt, the current cash and short-term investment levels stands at UK£317.00M , ready to deploy into the business. … Moreover, WMH has produced UK£290.10M in operating cash flow over the same time period, resulting in an operating cash to total debt ratio of 40.26%, meaning that WMH’s current level of operating cash is high enough to cover debt. … Next Steps: WMH’s high cash coverage means that, although its debt levels are high, the company is able to utilise its borrowings efficiently in order to generate cash flow.

Simply Wall St -

Is There Now An Opportunity In William Hill plc (LON:WMH)?

It’s trading around 7.58% below my intrinsic value, which means if you buy William Hill today, you’d be paying a reasonable price for it. … Furthermore, it seems like William Hill’s share price is quite stable, which means there may be less chances to buy low in the future now that it’s fairly valued. … WMH’s future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Be Careful About Buying William Hill plc (LON:WMH) For The 4.01% Dividend

In the past 10 years William Hill plc (LSE:WMH) has returned an average of 4.00% per year to investors in the form of dividend payouts. … View our latest analysis for William Hill 5 checks you should use to assess a dividend stock When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas: Is it the top 25% annual dividend yield payer? … In terms of its peers, William Hill generates a yield of 4.01%, which is high for Hospitality stocks but still below the market's top dividend payers.Next Steps: Now you know to keep in mind the reason why investors should be careful investing in William Hill for the dividend.

Simply Wall St -

WMH Company Info

Description

William Hill plc provides sports betting and gaming services in the United Kingdom and internationally. It operates through Retail, Online, US Existing, US Expansion, and Other segments. The company operates licensed betting offices that offer sports betting services on football, horseracing, and other sports, as well as gaming on machines. It also operates online betting and gaming business that provides in-play and pre-match sports betting services and a range of gaming products; and offers casino, poker sites, and other gaming products, as well as telephone betting services. Further, the company is involved in on-course betting operations. William Hill plc was founded in 1934 and is headquartered in London, the United Kingdom.

Details
Name: William Hill plc
WMH
Exchange: LSE
Founded: 1934
£1,165,321,573
873,554,403
Website: http://www.williamhillplc.com
Address: William Hill plc
1 Bedford Avenue,
London,
Greater London, WC1B 3AU,
United Kingdom
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE WMH Ordinary Shares London Stock Exchange GB GBP 17. Jun 2002
OTCPK WIMH.F Ordinary Shares Pink Sheets LLC US USD 17. Jun 2002
DB WHI Ordinary Shares Deutsche Boerse AG DE EUR 17. Jun 2002
BATS-CHIXE WMHL Ordinary Shares BATS 'Chi-X Europe' GB GBP 17. Jun 2002
OTCPK WIMH.Y ADR-ORD SHS Pink Sheets LLC US USD 28. Jul 2008
Number of employees
Current staff
Staff numbers
15,500
William Hill employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/23 20:39
End of day share price update: 2019/05/23 00:00
Last estimates confirmation: 2019/05/17
Last earnings filing: 2019/03/01
Last earnings reported: 2019/01/01
Last annual earnings reported: 2019/01/01


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.