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Gaming Innovation Group

Market Cap

kr1.8b

Last Updated

2021/09/18 16:21 UTC

Data Sources

Company Financials +

Executive Summary

Gaming Innovation Group Inc., together with its subsidiaries, provides gaming, betting, media, and turnkey platform solutions and services in Nordic countries, other European countries, and internationally. More Details


Snowflake Analysis

High growth potential and slightly overvalued.


Similar Companies

Share Price & News

How has Gaming Innovation Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

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.


Market Performance


7 Day Return

-6.2%

GIG

-0.5%

NO Hospitality

-0.5%

NO Market


1 Year Return

136.7%

GIG

46.7%

NO Hospitality

20.4%

NO Market

Return vs Industry: GIG exceeded the Norwegian Hospitality industry which returned 46.7% over the past year.

Return vs Market: GIG exceeded the Norwegian Market which returned 20.4% over the past year.


Shareholder returns

GIGIndustryMarket
7 Day-6.2%-0.5%-0.5%
30 Day-5.1%1.8%1.4%
90 Day2.2%-0.6%3.3%
1 Year136.7%136.7%47.7%46.7%27.2%20.4%
3 Year-34.2%-34.2%32.1%23.6%17.4%4.0%
5 Year-51.9%-51.9%46.8%29.7%80.7%47.8%

Long-Term Price Volatility Vs. Market

How volatile is Gaming Innovation Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gaming Innovation Group undervalued compared to its fair value and its price relative to the market?

35.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GIG (NOK18.7) is trading below our estimate of fair value (NOK28.84)

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


Price To Earnings Ratio

PE vs Industry: GIG is unprofitable, so we can't compare its PE Ratio to the European Hospitality industry average.

PE vs Market: GIG is unprofitable, so we can't compare its PE Ratio to the Norwegian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GIG's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GIG is overvalued based on its PB Ratio (13.5x) compared to the XE Hospitality industry average (1.8x).


Future Growth

How is Gaming Innovation Group forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

79.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GIG is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.2%).

Earnings vs Market: GIG is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: GIG's is expected to become profitable in the next 3 years.

Revenue vs Market: GIG's revenue (10.5% per year) is forecast to grow faster than the Norwegian market (5.8% per year).

High Growth Revenue: GIG's revenue (10.5% 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 very high in 3 years time (44.1%).


Past Performance

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

-46.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GIG is currently unprofitable.

Growing Profit Margin: GIG is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: GIG is unprofitable, and losses have increased over the past 5 years at a rate of 46.1% per year.

Accelerating Growth: Unable to compare GIG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GIG is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (8.7%).


Return on Equity

High ROE: GIG has a negative Return on Equity (-34.93%), as it is currently unprofitable.


Financial Health

How is Gaming Innovation Group's financial position?


Financial Position Analysis

Short Term Liabilities: GIG's short term assets (€19.7M) do not cover its short term liabilities (€21.5M).

Long Term Liabilities: GIG's short term assets (€19.7M) do not cover its long term liabilities (€50.8M).


Debt to Equity History and Analysis

Debt Level: GIG's debt to equity ratio (323.1%) is considered high.

Reducing Debt: GIG's debt to equity ratio has increased from 11.3% to 323.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: GIG has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if GIG has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

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


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.


Current Payout to Shareholders

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


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of GIG's dividend in 3 years as they are not forecast to pay a notable one for the Norwegian market.


Next Steps

Management

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

2.8yrs

Average management tenure


CEO

Richard Brown (36 yo)

2yrs

Tenure

€318,800

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 ($USD374.22K) is about average for companies of similar size in the Norwegian market ($USD518.00K).

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 (2.8 years average tenure).


Board Members

Experienced Board: GIG's board of directors are not considered experienced ( 2 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: GIG insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.4%.


Top Shareholders

Company Information

Gaming Innovation Group Inc.'s company bio, 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
  • Market Cap: kr1.808b
  • Shares outstanding: 96.68m
  • 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


Biography

Gaming Innovation Group Inc., together with its subsidiaries, provides gaming, betting, media, and turnkey platform solutions and services in Nordic countries, other European countries, and internationally...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/18 16:21
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.