NGM:ANGL

Stock Analysis Report

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Executive Summary

Angler Gaming plc invests in niche gaming companies and startups that offer gaming services through the internet in Malta. More Details


Snowflake Analysis

Flawless balance sheet and undervalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: ANGL is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ANGL's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

-0.9%

ANGL

4.1%

SE Hospitality

1.0%

SE Market


1 Year Return

129.4%

ANGL

74.3%

SE Hospitality

15.2%

SE Market

Return vs Industry: ANGL exceeded the Swedish Hospitality industry which returned 74.3% over the past year.

Return vs Market: ANGL exceeded the Swedish Market which returned 15.2% over the past year.


Shareholder returns

ANGLIndustryMarket
7 Day-0.9%4.1%1.0%
30 Day0%14.2%7.2%
90 Day0.9%27.9%10.9%
1 Year142.2%129.4%81.5%74.3%18.3%15.2%
3 Year88.5%56.3%132.2%108.9%47.0%29.5%
5 Year757.1%610.7%217.2%178.2%86.7%46.8%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

28.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ANGL (SEK22.6) is trading below our estimate of fair value (SEK31.43)

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


Price To Earnings Ratio

PE vs Industry: ANGL is good value based on its PE Ratio (17.5x) compared to the SE Hospitality industry average (22.1x).

PE vs Market: ANGL is good value based on its PE Ratio (17.5x) compared to the Swedish market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: ANGL is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: ANGL is overvalued based on its PB Ratio (13x) compared to the SE Hospitality industry average (4x).


Next Steps

Future Growth

How is Angler Gaming forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

19.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ANGL's forecast earnings growth (19.8% per year) is above the savings rate (0.4%).

Earnings vs Market: ANGL's earnings (19.8% per year) are forecast to grow faster than the Swedish market (11.8% per year).

High Growth Earnings: ANGL's earnings are forecast to grow, but not significantly.

Revenue vs Market: ANGL's revenue (23.7% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: ANGL's revenue (23.7% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ANGL's Return on Equity is forecast to be very high in 3 years time (50%).


Next Steps

Past Performance

How has Angler Gaming performed over the past 5 years?

44.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ANGL has a high level of non-cash earnings.

Growing Profit Margin: ANGL's current net profit margins (24.4%) are higher than last year (19%).


Past Earnings Growth Analysis

Earnings Trend: ANGL's earnings have grown significantly by 44.2% per year over the past 5 years.

Accelerating Growth: ANGL's earnings growth over the past year (84.5%) exceeds its 5-year average (44.2% per year).

Earnings vs Industry: ANGL earnings growth over the past year (84.5%) exceeded the Hospitality industry 5.7%.


Return on Equity

High ROE: ANGL's Return on Equity (74.3%) is considered outstanding.


Next Steps

Financial Health

How is Angler Gaming's financial position?


Financial Position Analysis

Short Term Liabilities: ANGL's short term assets (€14.8M) exceed its short term liabilities (€3.1M).

Long Term Liabilities: ANGL has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: ANGL is debt free.

Reducing Debt: ANGL had no debt 5 years ago.

Debt Coverage: ANGL has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ANGL has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

3.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ANGL's dividend (3.12%) is higher than the bottom 25% of dividend payers in the Swedish market (0.94%).

High Dividend: ANGL's dividend (3.12%) is low compared to the top 25% of dividend payers in the Swedish market (3.42%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ANGL has been paying a dividend for less than 10 years.

Growing Dividend: ANGL's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (54.6%), ANGL's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ANGL's dividends in 3 years are forecast to be covered by earnings (54.4% payout ratio).


Next Steps

Management

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

4.8yrs

Average board tenure


CEO

Thomas Kalita (51 yo)

1.75yrs

Tenure

Mr. Thomas Kalita serves as Chief Executive Officer and Director of Angler Gaming plc since April 12, 2019. He served as the Chief Executive Officer of Betsson Malta LTD of Betsson AB. until May 31, 2009.


Board Members

NamePositionTenureCompensationOwnership
Olga Finkel
Company Secretary & Chairman of the Board0.58yrno datano data
Thomas Kalita
CEO & Director1.75yrsno data10.54%
€ 178.6m
Michael Bennett
Director9yrsno data0.17%
€ 3.0m
Ralf Feldt
Independent Director4.75yrsno data0.080%
€ 1.4m
James Scicluna
Independent Director4.75yrsno datano data

4.8yrs

Average Tenure

51yo

Average Age

Experienced Board: ANGL's board of directors are considered experienced (4.8 years average tenure).


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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Angler Gaming plc's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Angler Gaming plc
  • Ticker: ANGL
  • Exchange: NGM
  • Founded: 2012
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: kr1.695b
  • Shares outstanding: 74.98m
  • Website: https://www.anglergaming.com

Number of Employees


Location

  • Angler Gaming plc
  • Quantum House
  • Level G
  • Ta' Xbiex
  • Malta

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ANGLNGM (Nordic Growth Market)YesOrdinary SharesSESEKJul 2012
ANGM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2012

Biography

Angler Gaming plc invests in niche gaming companies and startups that offer gaming services through the internet in Malta. The company owns and administers shareholding in Internet gambling companies, whic...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 20:11
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.