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GIG

Gaming Innovation Group OB:GIG Stock Report

Last Price

kr22.52

Market Cap

kr2.8b

7D

-0.5%

1Y

18.5%

Updated

21 Sep, 2022

Data

Company Financials +
GIG fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance2/6
Financial Health1/6
Dividends0/6

GIG Stock Overview

Gaming Innovation Group Inc., an iGaming technology company, together with its subsidiaries, provides solutions, products, and services to iGaming operators in Nordic countries, other European countries, and internationally.

Gaming Innovation Group Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Gaming Innovation Group
Historical stock prices
Current Share Pricekr22.52
52 Week Highkr23.50
52 Week Lowkr14.32
Beta0.96
1 Month Change8.37%
3 Month Change40.75%
1 Year Change18.53%
3 Year Change166.19%
5 Year Change-52.69%
Change since IPO86.12%

Recent News & Updates

Aug 23
Gaming Innovation Group's (OB:GIG) Performance Is Even Better Than Its Earnings Suggest

Gaming Innovation Group's (OB:GIG) Performance Is Even Better Than Its Earnings Suggest

Gaming Innovation Group Inc.'s ( OB:GIG ) earnings announcement last week was disappointing for investors, despite the...

Shareholder Returns

GIGNO HospitalityNO Market
7D-0.5%-2.9%-4.2%
1Y18.5%-34.9%2.5%

Return vs Industry: GIG exceeded the Norwegian Hospitality industry which returned -34.2% over the past year.

Return vs Market: GIG exceeded the Norwegian Market which returned 3.9% over the past year.

Price Volatility

Is GIG's price volatile compared to industry and market?
GIG volatility
GIG Average Weekly Movement6.8%
Hospitality Industry Average Movement5.2%
Market Average Movement6.6%
10% most volatile stocks in NO Market11.7%
10% least volatile stocks in NO Market3.6%

Stable Share Price: GIG is not significantly more volatile than the rest of Norwegian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: GIG's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2012608Richard Brownhttps://www.gig.com

Gaming Innovation Group Inc., an iGaming technology company, together with its subsidiaries, provides solutions, products, and services to iGaming operators in Nordic countries, other European countries, and internationally. The company offers media services, such as operating various content rich websites, which empower potential players and connect them with their partners’ casino or sports betting sites; and platform services, including providing gaming, betting, media, and turnkey platform solutions and services to operators and their customers, as well as specializes in taking land-based operators online through its omnichannel solution, which brings together the offline and online worlds through a shared loyalty system, wallet, and dual registration. It also provides Sportsbook, a sports betting omnichannel solution that offers a various digital content and sports events to players.

Gaming Innovation Group Fundamentals Summary

How do Gaming Innovation Group's earnings and revenue compare to its market cap?
GIG fundamental statistics
Market Capkr2.77b
Earnings (TTM)kr15.31m
Revenue (TTM)kr964.63m

180.7x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GIG income statement (TTM)
Revenue€94.73m
Cost of Revenue€5.42m
Gross Profit€89.32m
Other Expenses€87.81m
Earnings€1.50m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

Nov 09, 2022

Earnings per share (EPS)0.012
Gross Margin94.28%
Net Profit Margin1.59%
Debt/Equity Ratio77.4%

How did GIG perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is GIG undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GIG?

Other financial metrics that can be useful for relative valuation.

GIG key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3.4x
Enterprise Value/EBITDA24.6x
PEG Ratio2.5x

Price to Sales Ratio vs Peers

How does GIG's PS Ratio compare to its peers?

GIG PS Ratio vs Peers
The above table shows the PS ratio for GIG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.7x
SATS Sats
0.4x5.3%kr1.5b
HKY Havila Kystruten
12xn/akr876.3m
PBH PointsBet Holdings
2.1x27.9%AU$626.6m
CNTY Century Casinos
0.5x6.2%US$222.5m
GIG Gaming Innovation Group
2.9x15.1%kr2.8b

Price-To-Sales vs Peers: GIG is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (3.7x).


Price to Earnings Ratio vs Industry

How does GIG's PE Ratio compare vs other companies in the European Hospitality Industry?

Price-To-Sales vs Industry: GIG is expensive based on its Price-To-Sales Ratio (2.9x) compared to the European Hospitality industry average (1.5x)


Price to Sales Ratio vs Fair Ratio

What is GIG's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GIG PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.9x
Fair PS Ratio2.8x

Price-To-Sales vs Fair Ratio: GIG is expensive based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (2.8x).


Share Price vs Fair Value

What is the Fair Price of GIG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GIG (NOK22.52) is trading below our estimate of fair value (NOK81.32)

Significantly Below Fair Value: GIG is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Gaming Innovation Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


72.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GIG's forecast earnings growth (72.9% per year) is above the savings rate (1.1%).

Earnings vs Market: GIG's earnings (72.9% per year) are forecast to grow faster than the Norwegian market (-2.3% per year).

High Growth Earnings: GIG's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: GIG's revenue (15.1% per year) is forecast to grow faster than the Norwegian market (0.4% per year).

High Growth Revenue: GIG's revenue (15.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GIG's Return on Equity is forecast to be high in 3 years time (33.9%)


Discover growth companies

Past Performance

How has Gaming Innovation Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-6.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GIG has a large one-off loss of €1.7M impacting its June 30 2022 financial results.

Growing Profit Margin: GIG became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GIG has become profitable over the past 5 years, growing earnings by -6% per year.

Accelerating Growth: GIG has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GIG has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (19.4%).


Return on Equity

High ROE: GIG's Return on Equity (2.4%) is considered low.


Discover strong past performing companies

Financial Health

How is Gaming Innovation Group's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GIG's short term assets (€33.4M) do not cover its short term liabilities (€42.6M).

Long Term Liabilities: GIG's short term assets (€33.4M) do not cover its long term liabilities (€79.7M).


Debt to Equity History and Analysis

Debt Level: GIG's net debt to equity ratio (59.1%) is considered high.

Reducing Debt: GIG's debt to equity ratio has increased from 40.6% to 77.4% over the past 5 years.

Debt Coverage: GIG's debt is well covered by operating cash flow (45.8%).

Interest Coverage: GIG's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet


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Dividend

What is Gaming Innovation Group current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate GIG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate GIG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if GIG's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GIG's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as GIG has not reported any payouts.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Richard Brown (37 yo)

3yrs

Tenure

€501,000

Compensation

Mr. Richard Brown has been Chief Executive Officer of Gaming Innovation Group Inc. since November 06, 2019. Mr. Brown is responsible for the positioning of GiG and for aligning people, technology, product...


CEO Compensation Analysis

Compensation vs Market: Richard's total compensation ($USD494.67K) is about average for companies of similar size in the Norwegian market ($USD446.51K).

Compensation vs Earnings: Richard's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: GIG's management team is considered experienced (3 years average tenure).


Board Members

Experienced Board: GIG's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

OB:GIG Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
08 Jul 22Buykr1,557,127Juroszek Investments Sp. z o.o.Company93,055kr16.73
01 Apr 22Buykr242,775,058SkyCity Entertainment Group LimitedCompany13,487,500kr18.00

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 27%.


Top Shareholders

Top 25 shareholders own 65.99% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
10.98%
SkyCity Entertainment Group Limited
13,487,500€303.7m0%no data
6.19%
Andre Lavold
7,603,559€171.2m0%no data
5.14%
Myrlid AS
6,310,687€142.1m0%no data
3.99%
Henrik Ekdahl
4,896,125€110.3m0%no data
3.97%
Nordea Investment Management AB
4,877,562€109.8m0.02%0.01%
3.66%
Jesper Ribacka
4,500,000€101.3m0%no data
2.96%
Swedbank Robur Fonder AB
3,639,823€82.0m0%0.01%
2.44%
Symmetry Invest A / S
3,000,000€67.6m0%100%
2.4%
Formue Nord A/S
2,945,160€66.3m0%57.56%
2.11%
Hans Hansen
2,589,156€58.3m0%no data
2.04%
G. F. Invest AS
2,500,000€56.3m0%100%
2.02%
Stenshagen Invest AS
2,478,585€55.8m0%3.03%
1.98%
Bng Special Situations Fund
2,434,292€54.8m0%no data
1.68%
Saxo Bank A/S, Asset Management Arm
2,060,165€46.4m0%0.52%
1.64%
Kvasshøgdi AS
2,009,437€45.3m0%no data
1.59%
Riskornet Ab
1,948,483€43.9m0%no data
1.55%
Ben Clemes
1,907,146€42.9m0%no data
1.53%
Nordnet AB (publ), Asset Management Arm
1,875,921€42.2m0%0.64%
1.36%
Avanza Fonder AB
1,674,137€37.7m0%0.11%
1.2%
Nordnet Pensionsförsäkring Ab, Asset Management Arm
1,474,154€33.2m0%0.96%
1.17%
Digeelva Invest AS
1,432,653€32.3m0%no data
1.12%
IBG LLC, Asset Management Arm
1,374,517€31.0m0%0.95%
1.1%
Frode Fagerli
1,349,000€30.4m0%no data
1.09%
Mikael Harstad
1,342,136€30.2m0%no data
1.08%
Jörgen Hartzberg
1,321,044€29.7m0%no data

Company Information

Gaming Innovation Group Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Gaming Innovation Group Inc.
  • Ticker: GIG
  • Exchange: OB
  • Founded: 2012
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Implied Market Cap: kr2.765b
  • Shares outstanding: 122.79m
  • Website: https://www.gig.com

Number of Employees


Location

  • Gaming Innovation Group Inc.
  • @GiG Beach
  • Golden Mile Business Centre
  • St. Julian's
  • STJ 3148
  • Malta


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GIGOB (Oslo Bors)YesCommon StockNONOKMay 2015
GIGSEKOM (OMX Nordic Exchange Stockholm)YesCommon StockSESEKMay 2015
GIGOBATS-CHIXE (BATS 'Chi-X Europe')YesCommon StockGBNOKMay 2015
GI11DB (Deutsche Boerse AG)YesCommon StockDEEURMay 2015

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/21 00:00
End of Day Share Price2022/09/21 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.