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Aspire Global

OM:ASPIRE
Snowflake Description

Solid track record and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ASPIRE
OM
SEK2B
Market Cap
  1. Home
  2. SE
  3. Consumer Services
Company description

Aspire Global plc provides managed online gaming solutions to operators and white labels in Malta, the United Kingdom, Belgium, Portugal, Italy, and Denmark. The last earnings update was 70 days ago. More info.


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ASPIRE Share Price and Events
7 Day Returns
-0.3%
OM:ASPIRE
3.3%
SE Hospitality
-1.1%
SE Market
1 Year Returns
39.8%
OM:ASPIRE
-0.5%
SE Hospitality
4.3%
SE Market
ASPIRE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aspire Global (ASPIRE) -0.3% 1.3% 2% 39.8% - -
SE Hospitality 3.3% 6.4% 6.1% -0.5% 31.7% 58.7%
SE Market -1.1% -0.4% -0.3% 4.3% 14% 19.7%
1 Year Return vs Industry and Market
  • ASPIRE outperformed the Hospitality industry which returned -0.5% over the past year.
  • ASPIRE outperformed the Market in Sweden which returned 4.3% over the past year.
Price Volatility
ASPIRE
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Aspire Global's competitors could be found in our database.

ASPIRE Value

 Is Aspire Global 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 Aspire Global 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 Aspire Global.

OM:ASPIRE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.5%
Perpetual Growth Rate 10-Year SE Government Bond Rate 0.4%

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 OM:ASPIRE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year SE Govt Bond Rate 0.4%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 35%) (16.38%))
1.013
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.43% + (1.013 * 5.96%)
6.47%

Discounted Cash Flow Calculation for OM:ASPIRE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aspire Global 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.

OM:ASPIRE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 6.47%)
2020 21.00 Analyst x1 19.72
2021 24.00 Analyst x1 21.17
2022 25.57 Est @ 6.56% 21.19
2023 26.78 Est @ 4.72% 20.84
2024 27.70 Est @ 3.44% 20.25
2025 28.41 Est @ 2.54% 19.50
2026 28.95 Est @ 1.91% 18.66
2027 29.37 Est @ 1.46% 17.78
2028 29.71 Est @ 1.16% 16.90
2029 29.99 Est @ 0.94% 16.02
Present value of next 10 years cash flows €192.02
OM:ASPIRE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €29.99 × (1 + 0.43%) ÷ (6.47% – 0.43%)
€498.81
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €498.81 ÷ (1 + 6.47%)10
€266.42
OM:ASPIRE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €192.02 + €266.42
€458.44
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €458.44 / 46.33
€9.9
OM:ASPIRE Discount to Share Price
Calculation Result
Exchange Rate EUR/SEK
(Reporting currency to currency of OM:ASPIRE)
10.556
Value per Share
(SEK)
= Value per Share in EUR x Exchange Rate (EUR/SEK)
= €9.9 x 10.556
SEK104.45
Value per share (SEK) From above. SEK104.45
Current discount Discount to share price of SEK43.05
= -1 x (SEK43.05 - SEK104.45) / SEK104.45
58.8%

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

Current Discount
Amount off the current price Aspire Global is available for.
Intrinsic value
>50%
Share price is SEK43.05 vs Future cash flow value of SEK104.45
Current Discount Checks
For Aspire Global to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aspire Global's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aspire Global's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Aspire Global's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aspire Global's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OM:ASPIRE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €0.42
OM:ASPIRE Share Price ** OM (2019-07-22) in SEK SEK43.05
OM:ASPIRE Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.095 €4.08
Sweden Hospitality Industry PE Ratio Median Figure of 20 Publicly-Listed Hospitality Companies 14.82x
Sweden Market PE Ratio Median Figure of 324 Publicly-Listed Companies 16.16x

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

** Primary Listing of Aspire Global.

OM:ASPIRE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:ASPIRE Share Price ÷ EPS (both in EUR)

= 4.08 ÷ 0.42

9.8x

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

  • Aspire Global is good value based on earnings compared to the SE Hospitality industry average.
  • Aspire Global is good value based on earnings compared to the Sweden market.
Price based on expected Growth
Does Aspire Global's expected growth come at a high price?
Raw Data
OM:ASPIRE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 9.8x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
7.6%per year
Sweden Hospitality Industry PEG Ratio Median Figure of 18 Publicly-Listed Hospitality Companies 0.82x
Sweden Market PEG Ratio Median Figure of 234 Publicly-Listed Companies 1.23x

*Line of best fit is calculated by linear regression .

OM:ASPIRE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 9.8x ÷ 7.6%

1.28x

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

  • Aspire Global is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aspire Global's assets?
Raw Data
OM:ASPIRE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €0.95
OM:ASPIRE Share Price * OM (2019-07-22) in SEK SEK43.05
OM:ASPIRE Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.095 €4.08
Sweden Hospitality Industry PB Ratio Median Figure of 22 Publicly-Listed Hospitality Companies 3.04x
Sweden Market PB Ratio Median Figure of 575 Publicly-Listed Companies 2.57x
OM:ASPIRE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:ASPIRE Share Price ÷ Book Value per Share (both in EUR)

= 4.08 ÷ 0.95

4.3x

* Primary Listing of Aspire Global.

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

  • Aspire Global is overvalued based on assets compared to the SE Hospitality industry average.
X
Value checks
We assess Aspire Global'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. Aspire Global has a total score of 4/6, 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.

ASPIRE Future Performance

 How is Aspire Global expected to perform in the next 1 to 3 years based on estimates from 2 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
7.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aspire Global expected to grow at an attractive rate?
  • Aspire Global's earnings growth is expected to exceed the low risk savings rate of 0.4%.
Growth vs Market Checks
  • Aspire Global's earnings growth is positive but not above the Sweden market average.
  • Aspire Global's revenue growth is expected to exceed the Sweden market average.
Annual Growth Rates Comparison
Raw Data
OM:ASPIRE Future Growth Rates Data Sources
Data Point Source Value (per year)
OM:ASPIRE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 7.6%
OM:ASPIRE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 16.8%
Sweden Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
Sweden Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 10.4%
Sweden Market Earnings Growth Rate Market Cap Weighted Average 8.1%
Sweden Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*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
OM:ASPIRE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OM:ASPIRE Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 217 1
2021-12-31 190 28 22 2
2020-12-31 153 26 20 2
2019-12-31 134 24 18 2
OM:ASPIRE Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 117 26 18
2018-12-31 102 23 16
2018-09-30 89 20 13
2018-06-30 80 21 11
2018-03-31 73 14 9
2017-12-31 71 16 10
2017-09-30 67 18 12
2017-06-30 63 15 11
2017-03-31 61 16 11
2016-12-31 60 13 12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aspire Global's earnings are expected to grow by 7.6% yearly, however this is not considered high growth (20% yearly).
  • Aspire Global's revenue is expected to grow by 16.8% 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
OM:ASPIRE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Aspire Global Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:ASPIRE Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 0.48 0.52 0.44 2.00
2020-12-31 0.44 0.48 0.40 2.00
2019-12-31 0.40 0.43 0.36 2.00
OM:ASPIRE Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 0.42
2018-12-31 0.36
2018-09-30 0.29
2018-06-30 0.26
2018-03-31 0.21
2017-12-31 0.23
2017-09-30 0.29
2017-06-30 0.26
2017-03-31 0.27
2016-12-31 0.28

*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.
  • Aspire Global is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Aspire Global'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 Sweden market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Sweden 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.
Aspire Global has a total score of 3/6, 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.

ASPIRE Past Performance

  How has Aspire Global 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 Aspire Global'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.
  • Aspire Global's year on year earnings growth rate has been positive over the past 5 years.
  • Aspire Global's 1-year earnings growth exceeds its 5-year average (98.7% vs 1.4%)
  • Aspire Global's earnings growth has exceeded the SE Hospitality industry average in the past year (98.7% vs 20.6%).
Earnings and Revenue History
Aspire Global'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 Aspire Global Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OM:ASPIRE Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 116.96 18.45 87.71
2018-12-31 102.48 16.17 76.88
2018-09-30 89.11 12.87 66.45
2018-06-30 80.10 11.49 59.84
2018-03-31 72.88 9.29 55.35
2017-12-31 70.78 9.79 53.49
2017-09-30 66.85 12.13 50.84
2017-06-30 62.87 11.02 48.34
2017-03-31 60.88 11.34 47.15
2016-12-31 60.17 11.55 46.18
2015-12-31 64.10 17.87 44.99
2014-12-31 57.71 12.58 45.39

*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.
  • Aspire Global made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Aspire Global used its assets more efficiently than the SE Hospitality industry average last year based on Return on Assets.
  • Aspire Global's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aspire Global'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.
Aspire Global has a total score of 5/6, 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.

ASPIRE Health

 How is Aspire Global'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 Aspire Global's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aspire Global is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aspire Global's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aspire Global'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 covered by short term assets, assets are 2.9x 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 Aspire Global Company Filings, last reported 3 months ago.

OM:ASPIRE Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 42.72 27.78 57.54
2018-12-31 38.46 27.66 53.72
2018-09-30 33.54 27.69 49.32
2018-06-30 28.60 27.22 46.84
2018-03-31 27.44 0.39 14.18
2017-12-31 25.38 0.44 13.41
2017-09-30 24.03 0.47 14.48
2017-06-30 15.79 0.52 6.20
2017-03-31 24.46 0.57 8.30
2016-12-31 26.81 0.57 12.26
2015-12-31 16.58 0.64 13.69
2014-12-31 14.02 0.66 5.33
  • Aspire Global's level of debt (65%) compared to net worth is high (greater than 40%).
  • Unable to establish if Aspire Global's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (94.5%, greater than 20% of total debt).
  • Aspire Global earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Aspire Global'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. Aspire Global has a total score of 4/6, 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.

ASPIRE Dividends

 What is Aspire Global'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
2.89%
Current annual income from Aspire Global dividends. Estimated to be 4.39% next year.
If you bought SEK2,000 of Aspire Global shares you are expected to receive SEK58 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?
  • Aspire Global's pays a higher dividend yield than the bottom 25% of dividend payers in Sweden (1.91%).
  • Aspire Global's dividend is below the markets top 25% of dividend payers in Sweden (4.36%).
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
OM:ASPIRE 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 2 Analyst Estimates (S&P Global) See Below
Sweden Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 3.5%
Sweden Market Average Dividend Yield Market Cap Weighted Average of 244 Stocks 3.5%
Sweden Minimum Threshold Dividend Yield 10th Percentile 1.2%
Sweden Bottom 25% Dividend Yield 25th Percentile 1.9%
Sweden Top 25% Dividend Yield 75th Percentile 4.4%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OM:ASPIRE Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.21 2.00
2020-12-31 0.17 2.00
2019-12-31 0.15 2.00
OM:ASPIRE Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-05-14 0.118 2.789
2018-04-09 0.078 2.250
2017-11-21 0.000 0.000
2017-08-31 0.000 0.000

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

  • It is too early to tell whether Aspire Global has stable dividend payments.
  • Aspire Global only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Aspire Global's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.6x coverage).
X
Income/ dividend checks
We assess Aspire Global's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.2%) - 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 Aspire Global afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aspire Global has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ASPIRE Management

 What is the CEO of Aspire Global'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
Isaac Maimon
COMPENSATION €0
AGE 41
TENURE AS CEO 6.5 years
CEO Bio

Mr. Tsachi Maimon, also known as Isaac, has been the Chief Executive Officer at Aspire Global plc since 2013 and its Director since 2015.

CEO Compensation
  • Insufficient data for Isaac to compare compensation growth.
  • Isaac's remuneration is lower than average for companies of similar size in Sweden.
Management Team Tenure

Average tenure and age of the Aspire Global management team in years:

4.5
Average Tenure
41.5
Average Age
  • The tenure for the Aspire Global management team is about average.
Management Team

Isaac Maimon

TITLE
CEO & Director
AGE
41
TENURE
6.5 yrs

Motti Gil

TITLE
CFO & Chief Officer of Responsible Gaming
AGE
46
TENURE
3.5 yrs

Dima Reiderman

TITLE
Chief Operations Offiicer
AGE
38
TENURE
4.5 yrs

Ziv Shtaeinberg

TITLE
Chief Technology Officer
AGE
44
TENURE
0.5 yrs

Jov Spiero

TITLE
Vice President of Sales
AGE
42
TENURE
5.5 yrs

Arnaud Serour

TITLE
VP of Operations & Head of B2C
AGE
36
Board of Directors Tenure

Average tenure and age of the Aspire Global board of directors in years:

2.1
Average Tenure
49
Average Age
  • The average tenure for the Aspire Global board of directors is less than 3 years, this suggests a new board.
Board of Directors

Carl Klingberg

TITLE
Chairman of the Board
AGE
58
TENURE
2.1 yrs

Isaac Maimon

TITLE
CEO & Director
AGE
41
TENURE
4.5 yrs

Barak Matalon

TITLE
Director
AGE
49
TENURE
14.5 yrs

Fredrik Burvall

TITLE
Director
AGE
47
TENURE
2 yrs

Aharon Aran

TITLE
Director
AGE
70
TENURE
1.2 yrs
Who owns this company?
Recent Insider Trading
  • Aspire Global individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (SEK) Value (SEK)
17. May 19 Sell Joel Momigliano Individual 14. May 19 14. May 19 -17,332 SEK49.00 SEK-849,268
07. Dec 18 Sell Galit Shani-Michel Individual 03. Dec 18 03. Dec 18 -20,000 SEK49.00 SEK-980,000
X
Management checks
We assess Aspire Global'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. Aspire Global 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.

ASPIRE News

Simply Wall St News

Does Aspire Global (STO:ASPIRE) Deserve A Spot On Your Watchlist?

View our latest analysis for Aspire Global Aspire Global's Improving Profits Even with very modest growth rates, a company will usually do well if it improves earnings per share (EPS) year after year. … So we're pleased to report that Aspire Global insiders own a meaningful share of the business. … Aspire Global's earnings per share growth have been levitating higher, like a mountain goat scaling the Alps.

Simply Wall St -

Aspire Global (STO:ASPIRE) Seems To Use Debt Rather Sparingly

While Aspire Global has net cash on its balance sheet, it's still worth taking a look at its ability to convert earnings before interest and tax (EBIT) to free cash flow, to help us understand how quickly it is building (or eroding) that cash balance. … Over the last three years, Aspire Global actually produced more free cash flow than EBIT. … If you're interested in investing in businesses that can grow profits without the burden of debt, then check out this free list of growing businesses that have net cash on the balance sheet.

Simply Wall St -

A Closer Look At Aspire Global plc's (STO:ASPIRE) Impressive ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Aspire Global: 43% = €18m ÷ €43m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Aspire Global's Debt And Its 43% Return On Equity Aspire Global has a debt to equity ratio of 0.65, which is far from excessive. … A company that can achieve a high return on equity without debt could be considered a high quality business.

Simply Wall St -

A Closer Look At Aspire Global plc's (STO:ASPIRE) Impressive ROE

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Aspire Global: 43% = €18m ÷ €43m (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Aspire Global's Debt And Its 43% Return On Equity Aspire Global has a debt to equity ratio of 0.65, which is far from excessive. … In my book the highest quality companies have high return on equity, despite low debt.

Simply Wall St -

Are Aspire Global plc's (STO:ASPIRE) Interest Costs Too High?

ASPIRE’s Debt (And Cash Flows) Over the past year, ASPIRE has ramped up its debt from €392k to €31m , which accounts for long term debt. … Additionally, ASPIRE has generated cash from operations of €26m in the last twelve months, leading to an operating cash to total debt ratio of 85%, indicating that ASPIRE’s debt is appropriately covered by operating cash. … I recommend you continue to research Aspire Global to get a more holistic view of the small-cap by looking at: Future Outlook: What are well-informed industry analysts predicting for ASPIRE’s future growth?

Simply Wall St -

Does Aspire Global plc's (STO:ASPIRE) Stock Price Account For Its Growth?

Looking at Aspire Global plc’s (STO:ASPIRE) fundamentals some investors are wondering if its last closing price of SEK43.7 represents a good value for money for this high growth stock. … See our latest analysis for Aspire Global? … Analysts are predicting good growth prospects for Aspire Global over the next couple of years

Simply Wall St -

Are Insiders Selling Aspire Global plc (STO:ASPIRE) Stock?

So shareholders might well want to know whether insiders have been buying or selling shares in Aspire Global plc (STO:ASPIRE). … That means that an insider was selling shares at around the current price of kr42.40. … While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price.

Simply Wall St -

What Should We Expect From Aspire Global plc's (STO:ASPIRE) Earnings In The Years Ahead?

Aspire Global plc's (STO:ASPIRE) most recent earnings announcement in December 2018a … showed

Simply Wall St -

How Does Aspire Global plc (STO:ASPIRE) Fare As A Dividend Stock?

Aspire Global plc (STO:ASPIRE) has begun paying dividends recently. … Let's dig deeper into whether Aspire Global should have a place in your portfolio. … Check out our latest analysis for Aspire Global

Simply Wall St -

Why We Think Aspire Global plc (STO:ASPIRE) Could Be Worth Looking At

Aspire Global plc (STO:ASPIRE) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of ASPIRE, it

Simply Wall St -

ASPIRE Company Info

Description

Aspire Global plc provides managed online gaming solutions to operators and white labels in Malta, the United Kingdom, Belgium, Portugal, Italy, and Denmark. It operates through Business to Business and Business to Customer segments. The company offers a full-service solution to partners for launching and operating online casinos, bingos, sportsbooks; third party service, such as game providers and providers of payment service solutions; marketing customer support services; licenses and regulatory services; and CRM services, as well as data analysis and business intelligence services. It also manages casino networks under various proprietary brands. The company was formerly known as NeoPoint Technologies Limited and changed its name to Aspire Global plc. Aspire Global plc was founded in 2005 and is headquartered in Ta' Xbiex, Malta.

Details
Name: Aspire Global plc
ASPIRE
Exchange: OM
Founded: 2005
SEK1,994,500,300
46,329,856
Website: http://www.aspireglobal.com
Address: Aspire Global plc
Quantum House,
Level G,
Ta' Xbiex,
XBX 1120,
Malta
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM ASPIRE Ordinary Shares OMX Nordic Exchange Stockholm SE SEK 11. Jul 2017
LSE 0EAZ Ordinary Shares London Stock Exchange GB SEK 11. Jul 2017
OM ASPIRE GBP0.0025 OMX Nordic Exchange Stockholm SE SEK 07. Jul 2017
Number of employees
Current staff
Staff numbers
187
Aspire Global employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 22:25
End of day share price update: 2019/07/22 00:00
Last estimates confirmation: 2019/07/10
Last earnings filing: 2019/05/13
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.