OM:LEO

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Executive Summary

LeoVegas AB (publ), a mobile gaming company, engages in the mobile casino business in Nordic countries, rest of Europe, and internationally. More Details


Snowflake Analysis

Very undervalued with high growth potential.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: LEO is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: LEO's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

4.5%

LEO

2.1%

SE Hospitality

-0.4%

SE Market


1 Year Return

21.7%

LEO

74.0%

SE Hospitality

13.3%

SE Market

Return vs Industry: LEO underperformed the Swedish Hospitality industry which returned 79.1% over the past year.

Return vs Market: LEO exceeded the Swedish Market which returned 15.4% over the past year.


Shareholder returns

LEOIndustryMarket
7 Day4.5%2.1%-0.4%
30 Day11.2%7.1%4.0%
90 Day5.1%19.2%7.8%
1 Year27.0%21.7%80.9%74.0%16.4%13.3%
3 Year-60.1%-63.8%114.0%94.4%45.2%27.9%
5 Yearn/a164.0%136.3%85.8%46.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LEO (SEK37.06) is trading below our estimate of fair value (SEK98.06)

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


Price To Earnings Ratio

PE vs Industry: LEO is good value based on its PE Ratio (21.2x) compared to the SE Hospitality industry average (23.4x).

PE vs Market: LEO is good value based on its PE Ratio (21.2x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: LEO is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: LEO is good value based on its PB Ratio (3.7x) compared to the SE Hospitality industry average (4x).


Next Steps

Future Growth

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

30.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LEO's forecast earnings growth (30.9% per year) is above the savings rate (0.4%).

Earnings vs Market: LEO's earnings (30.9% per year) are forecast to grow faster than the Swedish market (12% per year).

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

Revenue vs Market: LEO's revenue (9.5% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: LEO's revenue (9.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LEO's Return on Equity is forecast to be high in 3 years time (31.8%)


Next Steps

Past Performance

How has LeoVegas performed over the past 5 years?

24.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LEO has high quality earnings.

Growing Profit Margin: LEO's current net profit margins (4.7%) are lower than last year (9.9%).


Past Earnings Growth Analysis

Earnings Trend: LEO's earnings have grown significantly by 24.3% per year over the past 5 years.

Accelerating Growth: LEO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: LEO had negative earnings growth (-49.8%) over the past year, making it difficult to compare to the Hospitality industry average (3.8%).


Return on Equity

High ROE: LEO's Return on Equity (17.4%) is considered low.


Next Steps

Financial Health

How is LeoVegas's financial position?


Financial Position Analysis

Short Term Liabilities: LEO's short term assets (€96.1M) exceed its short term liabilities (€95.9M).

Long Term Liabilities: LEO's short term assets (€96.1M) exceed its long term liabilities (€57.1M).


Debt to Equity History and Analysis

Debt Level: LEO's debt to equity ratio (47.6%) is considered high.

Reducing Debt: Insufficient data to determine if LEO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: LEO's debt is well covered by operating cash flow (105.7%).

Interest Coverage: LEO's interest payments on its debt are well covered by EBIT (12.9x coverage).


Balance Sheet


Next Steps

Dividend

What is LeoVegas's current dividend yield, its reliability and sustainability?

3.46%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LEO's dividend (3.46%) is higher than the bottom 25% of dividend payers in the Swedish market (0.93%).

High Dividend: LEO's dividend (3.46%) is low compared to the top 25% of dividend payers in the Swedish market (3.54%).


Stability and Growth of Payments

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

Growing Dividend: LEO's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.1%), LEO's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LEO's dividends in 3 years are forecast to be well covered by earnings (36.7% payout ratio).


Next Steps

Management

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

2.0yrs

Average management tenure


CEO

Gustaf Hagman (46 yo)

6yrs

Tenure

€321,000

Compensation

Mr. Gustaf Hagman Co-Founded LeoVegas AB (publ) in 2011 and has been its Group Chief Executive Officer and President since 2015. Mr. Hagman served as the Chief Executive Officer of LeoVegas AB (publ) from ...


CEO Compensation Analysis

Compensation vs Market: Gustaf's total compensation ($USD388.10K) is about average for companies of similar size in the Swedish market ($USD506.14K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gustaf Hagman
Co-Founder6yrs€321.00k8.26%
€ 309.8m
Mårten Forste
Chief Operating Officer0.92yr€78.00k0.26%
€ 9.8m
Stefan Nelson
Chief Financial Officer2.42yrsno data0.030%
€ 1.1m
Philip Doftvik
Director of Investor Relations & Corporate Financeno datano datano data
Mattias Wedar
Chief Product & Technical Officer2yrsno data0.016%
€ 597.6k
Avshalom Lazar
Chief Compliance & Legal Officer1.75yrsno datano data
Dersim Sylwan
Chief Marketing Officer1yrno datano data
Tamara Micallef
Group Head of Complianceno datano datano data
Aleksandra Sygiel
Head of Business Developmentno datano datano data
Klas Axell
Head of Platform & Architectureno datano datano data
Melvin Ritsema
Managing Directorno datano datano data
Viktor Fritzen
Senior Advisor2.42yrsno datano data

2.0yrs

Average Tenure

44yo

Average Age

Experienced Management: LEO's management team is considered experienced (2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Anna Frick
Independent Director6yrs€36.00k0.0051%
€ 191.9k
Torsten Söderberg
Director0.67yrno data4.36%
€ 163.6m
Per Norman
Chairman0.67yrno datano data
Fredrik Rüden
Independent Director1.67yrs€22.00kno data
Hélène Westholm
Director0.67yrno datano data
Carl Larsson
Director0.67yrno datano data
Mathias Hallberg
Director0.67yrno datano data

0.7yrs

Average Tenure

50yo

Average Age

Experienced Board: LEO's board of directors are not considered experienced ( 0.7 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

Ownership Breakdown

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


Top Shareholders

Company Information

LeoVegas AB (publ)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: LeoVegas AB (publ)
  • Ticker: LEO
  • Exchange: OM
  • Founded: 2010
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: kr3.749b
  • Shares outstanding: 101.65m
  • Website: https://www.leovegasgroup.com

Number of Employees


Location

  • LeoVegas AB (publ)
  • Luntmakargatan 18
  • Stockholm
  • Stockholm County
  • 111 37
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LEOOM (OMX Nordic Exchange Stockholm)YesCommon SharesSESEKMar 2016
3LVDB (Deutsche Boerse AG)YesCommon SharesDEEURMar 2016
0GDHLSE (London Stock Exchange)YesCommon SharesGBSEKMar 2016
LEOSBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBSEKMar 2016

Biography

LeoVegas AB (publ), a mobile gaming company, engages in the mobile casino business in Nordic countries, rest of Europe, and internationally. It offers casino games, such as slots, jackpots, and table games...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/15 19:41
End of Day Share Price2021/01/15 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.