Elys Game Technology (NasdaqCM:ELYS) - Share price, News & Analysis

ELYS fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	5/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

ELYS Stock Overview

Elys Game Technology, Corp. provides online and land-based gaming services in Europe and North America.

Rewards

Trading at 97.8% below our estimate of its fair value

Earnings are forecast to grow 121.41% per year

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($30M)

Elys Game Technology Competitors

GAN

NasdaqCM:GAN

US$147.5m

Flutter Entertainment

LSE:FLTR

UK£15.6b

Kindred Group

OM:KIND SDB

kr21.7b

888 Holdings

LSE:888

UK£853.6m

Price History & Performance

Summary of all time highs, changes and price drops for Elys Game Technology
Historical stock prices
Current Share Price	US$1.17
52 Week High	US$6.72
52 Week Low	US$1.10
Beta	3.42
1 Month Change	-44.81%
3 Month Change	-64.87%
1 Year Change	-72.01%
3 Year Change	-65.59%
5 Year Change	-69.21%
Change since IPO	186.77%

Shareholder Returns

	ELYS	US Hospitality	US Market
7D	-6.4%	-0.0005%	0.7%
1Y	-72.0%	-23.1%	-10.8%

Return vs Industry: ELYS underperformed the US Hospitality industry which returned -22.2% over the past year.

Return vs Market: ELYS underperformed the US Market which returned -10.4% over the past year.

Price Volatility

Is ELYS's price volatile compared to industry and market?
ELYS volatility
ELYS Average Weekly Movement	12.2%
Hospitality Industry Average Movement	9.2%
Market Average Movement	7.8%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	2.9%

Stable Share Price: ELYS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: ELYS's weekly volatility (12%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1998	89	Mike Ciavarella	https://elysgame.com

Elys Game Technology, Corp. provides online and land-based gaming services in Europe and North America. It offers lottery, online casino games, sports betting, poker, bingo, virtual sports betting, and horse racing, as well as skilled and interactive games and slots; virtual sports products; and operates betting platform software services for leisure betting establishments. The company provides its products through physical, land-based retail locations; website, newgioco.it or commercial webskins linked to its website; and mobile devices under the Newgioco brand name, as well as under the trade names of NewAleabet, OriginalBet, LovingBet, and Elys.

Elys Game Technology Fundamentals Summary

How do Elys Game Technology's earnings and revenue compare to its market cap?
ELYS fundamental statistics
Market Cap	US$30.07m
Earnings (TTM)	-US$15.06m
Revenue (TTM)	US$45.55m

0.6x

P/S Ratio

-1.8x

P/E Ratio

Is ELYS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ELYS income statement (TTM)
Revenue	US$45.55m
Cost of Revenue	US$36.27m
Gross Profit	US$9.27m
Other Expenses	US$24.34m
Earnings	-US$15.06m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	-0.64
Gross Margin	20.36%
Net Profit Margin	-33.07%
Debt/Equity Ratio	1.4%

How did ELYS perform over the long term?

See historical performance and comparison

Valuation

Is Elys Game Technology undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: ELYS ($1.17) is trading below our estimate of fair value ($52.69)

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

Price To Earnings Ratio

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

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

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: ELYS is good value based on its PB Ratio (1.6x) compared to the US Hospitality industry average (2.6x).

Future Growth

How is Elys Game Technology forecast to perform in the next 1 to 3 years based on estimates from 2 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

121.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ELYS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

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

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

Revenue vs Market: ELYS's revenue (26% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: ELYS's revenue (26% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ELYS's Return on Equity is forecast to be high in 3 years time

Past Performance

How has Elys Game Technology performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-46.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ELYS is currently unprofitable.

Growing Profit Margin: ELYS is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: ELYS is unprofitable, and losses have increased over the past 5 years at a rate of 46% per year.

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

Earnings vs Industry: ELYS is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (86.7%).

Return on Equity

High ROE: ELYS has a negative Return on Equity (-84.91%), as it is currently unprofitable.

Financial Health

How is Elys Game Technology's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: ELYS's short term assets ($11.4M) exceed its short term liabilities ($9.8M).

Long Term Liabilities: ELYS's short term assets ($11.4M) do not cover its long term liabilities ($17.0M).

Debt to Equity History and Analysis

Debt Level: ELYS has more cash than its total debt.

Reducing Debt: ELYS's debt to equity ratio has reduced from 86.1% to 1.4% 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: ELYS has less than a year of cash runway based on its current free cash flow.

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

Dividend

What is Elys Game Technology 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
Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate ELYS'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 ELYS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ELYS'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 ELYS has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Consumer Services industry.

Management

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

0.3yrs

Average management tenure

CEO

Mike Ciavarella (59 yo)

0.83

Tenure

US$987,208

Compensation

Mr. Michele Ciavarella, also known as Mike, B.Sc., has been the Executive Chairman of Elys Game Technology, Corp. (formerly, Newgioco Group, Inc. and Empire Global Corp.) since December 30, 2020 and has be...

CEO Compensation Analysis

Compensation vs Market: Mike's total compensation ($USD987.21K) is about average for companies of similar size in the US market ($USD770.21K).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: ELYS's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.

Board Members

Experienced Board: ELYS's board of directors are not considered experienced ( 2.9 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 been diluted in the past year, with total shares outstanding growing by 7.6%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/16 00:00
End of Day Share Price	2022/05/16 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31