Upcoming Dividend • May 14
Upcoming dividend of UK£0.019 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 19 June 2026. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.6%). Announcement • Apr 26
everplay group plc, Annual General Meeting, May 21, 2026 everplay group plc, Annual General Meeting, May 21, 2026. Location: the offices of peel hunt, 7th floor, 100 liverpool street, ec2m 2at, london United Kingdom New Risk • Apr 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 19% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Recent Insider Transactions • Mar 29
Group CEO & Director recently bought UK£50k worth of stock On the 25th of March, Mikkel Weider bought around 22k shares on-market at roughly UK£2.34 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth UK£100k. This was Mikkel's only on-market trade for the last 12 months. Reported Earnings • Mar 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: UK£0.19 (up from UK£0.14 in FY 2024). Revenue: UK£166.0m (flat on FY 2024). Net income: UK£27.2m (up 35% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Mar 25
Everplay Group plc Recommends A Final Dividend for the Year Ended 31 December 2025, Payable on 19 June 2026 everplay group plc recommended the payment of a final dividend of 1.9 pence per fully paid ordinary share for the year ended 31 December 2025. The proposed final dividend is subject to shareholder approval at the upcoming Annual General Meeting and, including the 1.0p interim dividend, takes the total dividend for FY2025 to 2.9p per share (2024: 2.7 pence). Ex-dividend date: 21 May 2026, Record date: 22 May 2026 and Payment date: 19 June 2026. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£2.35, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Entertainment industry in the United Kingdom. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£3.30 per share. Announcement • Feb 25
everplay group plc to Report Fiscal Year 2025 Results on Mar 24, 2026 everplay group plc announced that they will report fiscal year 2025 results on Mar 24, 2026 Recent Insider Transactions • Feb 12
Non-Executive Chair recently bought UK£100k worth of stock On the 9th of February, Frank Sagnier bought around 33k shares on-market at roughly UK£3.01 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Frank's only on-market trade for the last 12 months. Buy Or Sell Opportunity • Feb 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to UK£3.12. The fair value is estimated to be UK£3.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Buy Or Sell Opportunity • Jan 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to UK£3.39. The fair value is estimated to be UK£4.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Announcement • Dec 12
everplay group plc (AIM:EVPL) acquired 20% stake in Super Media Group for £2 million. everplay group plc (AIM:EVPL) acquired 20% stake in Super Media Group for £2 million on December 11, 2025. A cash consideration of £2 million will be paid by everplay group plc. As part of consideration, £2 million is paid towards common equity of Super Media Group.
Neil Patel, Benjamin Cryer and Kate Bannatyne of Peel Hunt LLP acted as financial advisor and Joint Corporate Broker for everplay group plc. Philip Noblet and Will Brown of Jefferies International Limited acted as Joint Corporate Broker for everplay group plc. Jeremy Garcia and Fiona Hetherington of Vigo Consulting provided Financial Public Relations to everplay group plc.
everplay group plc (AIM:EVPL) completed the acquisition of 20% stake in Super Media Group on December 11, 2025. Buy Or Sell Opportunity • Dec 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to UK£3.34. The fair value is estimated to be UK£4.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Recent Insider Transactions • Sep 08
Non Executive Director recently sold UK£12m worth of stock On the 5th of September, Deborah Bestwick sold around 3m shares on-market at roughly UK£3.70 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£18m more than they bought in the last 12 months. Announcement • Sep 04
everplay group plc Declares Interim Ordinary Dividend, Payable on 10 October 2025 The Board of everplay group plc has declared an interim ordinary dividend of one pence per share payable on 10 October 2025 to those shareholders on the register as at 12 September 2025. The ex-dividend date is 11 September 2025. Reported Earnings • Sep 03
First half 2025 earnings released: EPS: UK£0.074 (vs UK£0.063 in 1H 2024) First half 2025 results: EPS: UK£0.074 (up from UK£0.063 in 1H 2024). Revenue: UK£72.4m (down 10% from 1H 2024). Net income: UK£10.6m (up 18% from 1H 2024). Profit margin: 15% (up from 11% in 1H 2024). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Price Target Changed • Sep 02
Price target increased by 9.1% to UK£4.29 Up from UK£3.93, the current price target is an average from 10 analysts. New target price is 7.9% above last closing price of UK£3.97. Stock is up 54% over the past year. The company is forecast to post earnings per share of UK£0.19 for next year compared to UK£0.14 last year. Announcement • Aug 21
everplay Group plc Announces Hell Let Loose: Vietnam everplay group plc announced Hell Let Loose: Vietnam, which is due to launch in 2026 on Xbox, PlayStation, Epic Game Store and Steam. Team17 launched Hell Let Loose, a first-person, multiplayer shooter game set during World War II which requires players to work together to defeat the enemy, and subsequently acquired the IP in 2022. Hell Let Loose continues to be a highly successful title for the Group having generated in excess of $100 million lifetime revenues. Community engagement remains exceptionally strong, with reported revenues reaching record levels in 2024 and CCUs peaking at over 144k in 2025. Hell Let Loose: Vietnam will offer players the same high-calibre gameplay, with an authentic, atmospheric and historically sensitive experience of events that occurred during the Vietnam War between 1965 and 1973. Retaining the gameplay base that players loved from the first title, this brand new experience will see players utilising combined arms, with air, water, armour, infantry and support weapons, encapsulating the theatre of war loved by fans of the original title. Developed in partnership with Expression Games using the Unreal Engine 5, new features will include fully operational helicopters for troops deployment and fire support, iconic US patrol boats and more dramatic terrains and tactical warfare combat set across six new Vietnam set maps. The Group is also happy to confirm that players of the original Hell Let Loose game can expect more new content and continuous support throughout 2026 and beyond. The development of Hell Let Loose: Vietnam is directly aligned with everplay's stated strategy to increase the weighting of its first-party IP and support its core evergreen franchises through lifecycle management, to drive long-term value and growth through the development of sequels, additional content and other commercial opportunities. Hell Let Loose:V Vietnam was revealed at the Future Game Show. Team17 continues to work in partnership with Expression Games on the Hell Let Loose franchise, and Hell Let Loose: Vietnam are available to wishlist now on Xbox, PlayStation, Epic game Store and Steam. Announcement • Jul 16
everplay group plc to Report First Half, 2025 Results on Sep 02, 2025 everplay group plc announced that they will report first half, 2025 results on Sep 02, 2025 Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to UK£3.78, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Entertainment industry in the United Kingdom. Total loss to shareholders of 3.7% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£4.07 per share. New Risk • Jun 24
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 17% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Board Change • Jun 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Peter Whiting was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 12
everplay group plc, Annual General Meeting, Jun 03, 2025 everplay group plc, Annual General Meeting, Jun 03, 2025. Location: the shaftesbury room, soho works, 72 74 dean st, w1d 3sg, london United Kingdom Buy Or Sell Opportunity • May 09
Now 21% undervalued Over the last 90 days, the stock has risen 7.8% to UK£2.62. The fair value is estimated to be UK£3.30, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Apr 24
Now 21% undervalued Over the last 90 days, the stock has risen 2.7% to UK£2.66. The fair value is estimated to be UK£3.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Apr 02
Now 22% undervalued Over the last 90 days, the stock has risen 22% to UK£2.79. The fair value is estimated to be UK£3.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • Mar 28
everplay group plc announces Annual dividend, payable on July 04, 2025 everplay group plc announced Annual dividend of GBP 0.0270 per share payable on July 04, 2025, ex-date on June 05, 2025 and record date on June 06, 2025. New Risk • Mar 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Mar 26
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat Full year 2024 results: EPS: UK£0.14 (up from UK£0.026 loss in FY 2023). Revenue: UK£166.6m (up 4.7% from FY 2023). Net income: UK£20.2m (up UK£23.9m from FY 2023). Profit margin: 12% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Mar 04
everplay group plc to Report Fiscal Year 2024 Results on Mar 26, 2025 everplay group plc announced that they will report fiscal year 2024 results on Mar 26, 2025 Recent Insider Transactions • Nov 10
Non Executive Director recently sold UK£6.4m worth of stock On the 7th of November, Deborah Bestwick sold around 3m shares on-market at roughly UK£2.10 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of UK£5.9m more than they bought in the last 12 months. Announcement • Oct 31
Team17 Group plc Announces CFO Changes Team17Group plc announced the appointment of Rashid Varachia to the Board as Chief Financial Officer, with immediate effect. Mark Crawford, the Group's current Chief Financial Officer, is stepping down on 31 October 2024 to pursue other business interests and is working with the Companyto ensure an orderly handover. Rashid is an experienced Chief Financial Officer with significant video games, M&A and capital markets experience. He joins Team17 from Jagex, a developer and publisher of role-playing and online living games, including the iconic RuneScape franchise, where he has held the role of Chief Financial Officer since August 2021. During his tenure he helped deliver considerable organic growth and several successful acquisitions. In May 2024, Rashid was instrumental in the sale of Jagex to CVC Capital Partners and Haveli Investments. Prior to Jagex, Rashid was Chief Financial Officer at Codemasters, the award-winning British video game developer and publisher specialising in high-quality racing games. Rashid joined Codemasters in 2012 as Vice President of Finance, before being appointed Chief Financial Officer in 2015. In 2018 he was an integral part of the team that oversaw Codemasters' £280 million listing on the London Stock Exchange and in 2021 led the sale of the business to Electronic Arts Inc. for $1.2 billion. Rashid is a Chartered Certified Accountant who trained with KPMG UK. Rashid Ismail Varachia (ACCA), aged53, is currently or has previously been a director of the following companies within the past five years: Current Directorships: Finchall Associates Limited. Past Directorships (5 years): June UK Ltd; June UK Finco Limited; June UK Midco Limited; June UK Bidco Limited; Jagex Limited; Codemasters Group Limited; Codemasters Software Limited; Codemasters Limited; Codemasters Holdings Limited; Codemasters Development Company Limited; Codemasters Group Holdings Limited; Csc3 Limited; Csc1 Limited; Digital Computers Limited; Sensible Limited; Iotech Studios Limited; Iotech Engine Limited; Sms Virgo Limited; Sms Phoenix Ltd; Sms Hydra Ltd.; Sms Apollo Ltd; Middleware Limited; Slightly Mad Studios Limited. Announcement • Oct 30
Team17 Group plc Appoints Rashid Varachia to the Board as Chief Operating Officer Team17 Group plc announced the appointment of Rashid Varachia to the Board as newly-created position of Chief Operating Officer, with immediate effect. Rashid is an experienced Chief Financial Officer with significant video games, M&A and capital markets experience. He joins Team17 from Jagex, a developer and publisher of role-playing and online living games, including the iconic RuneScape franchise, where he has held the role of Chief Financial Officer since August 2021. During his tenure he helped deliver considerable organic growth and several successful acquisitions. In May 2024, Rashid was instrumental in the sale of Jagex to CVC Capital Partners and Haveli Investments. Prior to Jagex, Rashid was Chief Financial Officer at Codemasters, the award-winning British video game developer and publisher specialising in high-quality racing games. Rashid joined Codemasters in 2012 as Vice President of Finance, before being appointed Chief Financial Officer in 2015. In 2018 he was an integral part of the team that oversaw Codemasters' £280 million listing on the London Stock Exchange and in 2021 led the sale of the business to Electronic Arts Inc. for $1.2 billion. Rashid is a Chartered Certified Accountant who trained with KPMG UK. Reported Earnings • Sep 20
First half 2024 earnings released: EPS: UK£0.063 (vs UK£0.039 in 1H 2023) First half 2024 results: EPS: UK£0.063 (up from UK£0.039 in 1H 2023). Revenue: UK£80.6m (up 12% from 1H 2023). Net income: UK£9.01m (up 62% from 1H 2023). Profit margin: 11% (up from 7.7% in 1H 2023). Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Aug 28
Team17 Group plc to Report Q2, 2024 Results on Sep 17, 2024 Team17 Group plc announced that they will report Q2, 2024 results on Sep 17, 2024 Price Target Changed • Jun 09
Price target increased by 7.7% to UK£3.50 Up from UK£3.25, the current price target is an average from 12 analysts. New target price is 10% above last closing price of UK£3.17. Stock is down 12% over the past year. The company is forecast to post earnings per share of UK£0.14 next year compared to a net loss per share of UK£0.026 last year. Announcement • May 25
Team17 Group plc, Annual General Meeting, Jun 19, 2024 Team17 Group plc, Annual General Meeting, Jun 19, 2024. Location: ukie, 18a blackbull yard, hatton wall, ec1n 8jh, london United Kingdom Reported Earnings • Apr 17
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: UK£0.026 loss per share (down from UK£0.17 profit in FY 2022). Revenue: UK£159.1m (up 16% from FY 2022). Net loss: UK£3.75m (down 116% from profit in FY 2022). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 32% per year. Major Estimate Revision • Mar 12
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from UK£0.083 to UK£0.092. Revenue forecast steady at UK£147.8m. Net income forecast to shrink 9.1% next year vs 33% growth forecast for Entertainment industry in the United Kingdom . Consensus price target down from UK£3.54 to UK£3.25. Share price was steady at UK£2.40 over the past week. Price Target Changed • Mar 11
Price target decreased by 11% to UK£3.25 Down from UK£3.66, the current price target is an average from 12 analysts. New target price is 34% above last closing price of UK£2.43. Stock is down 39% over the past year. The company is forecast to post earnings per share of UK£0.092 for next year compared to UK£0.16 last year. Buy Or Sell Opportunity • Jan 31
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 3.9% to UK£2.78. The fair value is estimated to be UK£2.24, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to UK£2.50, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Entertainment industry in Europe. Total loss to shareholders of 69% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£2.34 per share. Announcement • Jan 25
Team17 Group plc to Report Fiscal Year 2023 Results on Apr 09, 2024 Team17 Group plc announced that they will report fiscal year 2023 results on Apr 09, 2024 Board Change • Jan 02
Less than half of directors are independent Following Non-Executive Chair Frank Sagnier's arrival on 01 January 2024, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Peter Whiting was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£1.79, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Entertainment industry in Europe. Total loss to shareholders of 77% over the past three years. Recent Insider Transactions • Nov 30
Insider recently bought UK£205k worth of stock On the 24th of November, Frank Sagnier bought around 108k shares on-market at roughly UK£1.90 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought UK£490k more in shares than they have sold in the last 12 months. Major Estimate Revision • Nov 28
Consensus EPS estimates fall by 19%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from UK£142.3m to UK£145.6m. EPS estimate fell from UK£0.21 to UK£0.17 per share. Net income forecast to grow 33% next year vs 35% growth forecast for Entertainment industry in the United Kingdom. Consensus price target down from UK£5.41 to UK£4.75. Share price fell 45% to UK£1.82 over the past week. Price Target Changed • Nov 27
Price target decreased by 9.5% to UK£4.90 Down from UK£5.41, the current price target is an average from 12 analysts. New target price is 165% above last closing price of UK£1.85. Stock is down 59% over the past year. The company is forecast to post earnings per share of UK£0.19 for next year compared to UK£0.16 last year. New Risk • Nov 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (13% net profit margin). Announcement • Nov 24
Team17 Group plc Provides Revenue Guidance for the Financial Year Ending 31 December 2023 Team17 Group plc provided revenue guidance for the financial year ending 31 December 2023. The company currently expects fiscal year 2023 revenues to be modestly ahead of current market expectations. Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment deteriorates as stock falls 48% After last week's 48% share price decline to UK£1.80, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Entertainment industry in Europe. Total loss to shareholders of 77% over the past three years. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£3.05, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Entertainment industry in Europe. Total loss to shareholders of 56% over the past three years. Major Estimate Revision • Sep 29
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from UK£0.185 to UK£0.207. Revenue forecast steady at UK£141.1m. Net income forecast to grow 52% next year vs 51% growth forecast for Entertainment industry in the United Kingdom. Consensus price target down from UK£5.71 to UK£5.57. Share price fell 12% to UK£2.65 over the past week. Recent Insider Transactions • Sep 26
Independent Non-Executive Director recently bought UK£65k worth of stock On the 20th of September, Peter Whiting bought around 21k shares on-market at roughly UK£3.09 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Sep 20
First half 2023 earnings: Revenues exceed analysts expectations while EPS lags behind First half 2023 results: EPS: UK£0.039 (down from UK£0.065 in 1H 2022). Revenue: UK£69.7m (up 31% from 1H 2022). Net income: UK£5.56m (down 38% from 1H 2022). Profit margin: 8.0% (down from 17% in 1H 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.9%. Earnings per share (EPS) missed analyst estimates by 56%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Buying Opportunity • Sep 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be UK£3.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 6.4%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Announcement • Aug 22
Team17 Group plc Announces Board Changes, Effective 6 September 2023 Team17 Group plc announced Chris Bell, Non-Executive Chair, has decided to step down from his role at the end of the year to focus on his other business interests. The Company announced that Frank Sagnier has been appointed Non-Executive Chair designate and will formally join the Company on 6 September 2023. Chris will continue in his role until 31 December 2023, working with Frank to facilitate an orderly handover. Frank will officially assume the role of Chair from 1 January 2024 upon Chris' departure. Frank brings over 25 years of gaming sector experience to the Board, having held plc, private equity and senior roles with Codemasters, Electronic Arts, Acclaim Entertainment, Double Fusion, and Funcom. Frank began his career in advertising at Grey before moving to marketing roles at Warner Bros. Entertainment and Acclaim Entertainment. In 1999, he joined Electronic Arts ("EA"), where he was responsible for marketing and third-party game development and publishing across Europe. In 2014, Frank was appointed CEO of Codemasters. During his tenure he led the transformation and restructuring of the business, building one of the most iconic racing games development studios and publishers of the F1 racing brand, before leading the company's successful IPO in 2018. Codemasters was later acquired by EA in 2021, in a deal worth $1.2 billion. Frank will Chair the Nomination Committee and be a member of the Audit and Remuneration Committees. Announcement • Jul 21
Team17 Group plc Announces Board and Committee Changes Team17 announced the appointment of Peter Whiting as an independent Non-Executive Director ("NED") who will join the Board on 1 August 2023. Peter is a highly experienced NED, having spent over ten years in several non-executive roles across a wide range of companies. Beginning his career as an equity research analyst at Panmure Gordon, Peter later moved to UBS where he specialised in the UK Technology, Engineering and Automotive sectors, before going on to become Chief Operating Officer of UBS European Equity Research. Since leaving UBS in 2011, Peter has served as a NED on a variety of boards, including current roles with FDM Group (Holdings) plc, D4t4 Solutions plc and Kooth plc and previously at companies including Aptitude Software plc and Keystone Law plc. Peter will also assume the role of Chair of the Remuneration Committee, a role in which he has significant prior experience. The Company also announced that Martin Hellawell, Senior Independent Non-Executive Director, will step down from his position on the Board in order to focus on his other business commitments. Martin joined Team17 in September 2019 and has supported the senior management team through a significant period of growth. Martin will formally leave the Board on 31 July 2023. Peter Frederick Whiting, aged 57, holds or has held in the past 5 years the following directorships and partnerships: Current: Kooth plc; D4t4 Solutions plc; FDM Group (Holdings) plc; Whitingpod Limited and Whitingpod Investments Limited. Past (5 years): Aptitude Software plc; Keystone Law plc; TruFin plc and Kenilworth Lawn Tennis & Squash Club Limited. Reported Earnings • May 30
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: UK£0.17 (down from UK£0.18 in FY 2021). Revenue: UK£137.4m (up 52% from FY 2021). Net income: UK£23.5m (down 1.1% from FY 2021). Profit margin: 17% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. CFO & Executive Director Mark Crawford was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 09
Consensus EPS estimates fall by 13% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from UK£0.216 to UK£0.187 per share. Revenue forecast steady at UK£139.6m. Net income forecast to grow 15% next year vs 15% growth forecast for Entertainment industry in the United Kingdom. Consensus price target broadly unchanged at UK£5.76. Share price was steady at UK£3.75 over the past week. Reported Earnings • Mar 29
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: UK£0.17 (down from UK£0.18 in FY 2021). Revenue: UK£137.4m (up 52% from FY 2021). Net income: UK£23.5m (down 1.1% from FY 2021). Profit margin: 17% (down from 26% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jan 18
Team17 Group plc Provides Earnings Guidance for the Fiscal Year 2022 Team17 Group plc provided earnings guidance for the fiscal year 2022. The company's revenue for fiscal year 2022 will be significantly ahead of market expectations and show strong growth compared with fiscal year 2021, benefitting from the performance of a stronger, broader portfolio supported by the acquisitions and investment in people made over the last two years. Buying Opportunity • Dec 17
Now 21% undervalued Over the last 90 days, the stock is up 1.2%. The fair value is estimated to be UK£5.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Buying Opportunity • Nov 23
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be UK£5.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment improved over the past week After last week's 21% share price gain to UK£4.12, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Entertainment industry in Europe. Total returns to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£6.27 per share. Reported Earnings • Sep 14
First half 2022 earnings released: EPS: UK£0.065 (vs UK£0.086 in 1H 2021) First half 2022 results: EPS: UK£0.065 (down from UK£0.086 in 1H 2021). Revenue: UK£53.2m (up 33% from 1H 2021). Net income: UK£8.91m (down 20% from 1H 2021). Profit margin: 17% (down from 28% in 1H 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Entertainment industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 9% per year. Price Target Changed • Jul 22
Price target decreased to UK£6.21 Down from UK£7.02, the current price target is an average from 10 analysts. New target price is 48% above last closing price of UK£4.20. Stock is down 45% over the past year. The company is forecast to post earnings per share of UK£0.19 for next year compared to UK£0.18 last year. Price Target Changed • Jul 14
Price target decreased to UK£6.64 Down from UK£7.15, the current price target is an average from 11 analysts. New target price is 68% above last closing price of UK£3.96. Stock is down 50% over the past year. The company is forecast to post earnings per share of UK£0.20 for next year compared to UK£0.18 last year. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 16% share price gain to UK£4.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 26x in the Entertainment industry in the United Kingdom. Total returns to shareholders of 79% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at UK£8.32 per share. Price Target Changed • Apr 07
Price target decreased to UK£7.89 Down from UK£8.67, the current price target is an average from 10 analysts. New target price is 53% above last closing price of UK£5.15. Stock is down 35% over the past year. The company is forecast to post earnings per share of UK£0.21 for next year compared to UK£0.18 last year. 