We’ve recently updated our valuation analysis.

NeoGames Valuation

Is NGMS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NGMS?

Other financial metrics that can be useful for relative valuation.

NGMS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.4x
Enterprise Value/EBITDA49.2x
PEG Ration/a

Price to Sales Ratio vs Peers

How does NGMS's PS Ratio compare to its peers?

The above table shows the PS ratio for NGMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average1x
INSE Inspired Entertainment
1.1x2.7%US$306.5m
CNTY Century Casinos
0.5x9.1%US$220.4m
FLL Full House Resorts
1.5x27.5%US$256.4m
ACEL Accel Entertainment
0.8x8.4%US$736.5m
NGMS NeoGames
3.1x34.0%US$341.4m

Price-To-Sales vs Peers: NGMS is expensive based on its Price-To-Sales Ratio (3.1x) compared to the peer average (1x).


Price to Earnings Ratio vs Industry

How does NGMS's PE Ratio compare vs other companies in the US Hospitality Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.7%
n/an/an/a

Price-To-Sales vs Industry: NGMS is expensive based on its Price-To-Sales Ratio (3.1x) compared to the US Hospitality industry average (1.6x)


Price to Sales Ratio vs Fair Ratio

What is NGMS's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NGMS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.1x
Fair PS Ratio3.4x

Price-To-Sales vs Fair Ratio: NGMS is good value based on its Price-To-Sales Ratio (3.1x) compared to the estimated Fair Price-To-Sales Ratio (3.4x).


Share Price vs Fair Value

What is the Fair Price of NGMS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NGMS ($13.34) is trading below our estimate of fair value ($30.13)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NGMS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$13.34
US$22.20
+66.4%
14.9%US$25.00US$16.00n/a5
Nov ’23US$17.19
US$23.25
+35.3%
8.8%US$25.00US$20.00n/a4
Oct ’23US$12.90
US$23.25
+80.2%
8.8%US$25.00US$20.00n/a4
Sep ’23US$15.15
US$23.25
+53.5%
8.8%US$25.00US$20.00n/a4
Aug ’23US$16.64
US$24.00
+44.2%
3.4%US$25.00US$23.00n/a3
Jul ’23US$13.32
US$23.75
+78.3%
9.6%US$26.00US$20.00n/a4
Jun ’23US$13.88
US$23.75
+71.1%
9.6%US$26.00US$20.00n/a4
May ’23US$13.07
US$27.50
+110.4%
18.8%US$34.00US$20.00n/a4
Apr ’23US$15.40
US$30.50
+98.1%
21.9%US$38.00US$20.00n/a4
Mar ’23US$20.53
US$41.00
+99.7%
19.6%US$52.00US$33.00n/a3
Feb ’23US$24.48
US$41.00
+67.5%
19.6%US$52.00US$33.00n/a3
Jan ’23US$27.78
US$56.00
+101.6%
9.6%US$63.00US$50.00n/a3
Dec ’22US$30.36
US$56.00
+84.5%
9.6%US$63.00US$50.00n/a3
Nov ’22US$38.83
US$58.67
+51.1%
15.3%US$71.00US$50.00US$17.193
Oct ’22US$37.21
US$62.33
+67.5%
9.8%US$71.00US$58.00US$12.903
Sep ’22US$40.50
US$62.33
+53.9%
9.8%US$71.00US$58.00US$15.153
Aug ’22US$48.25
US$66.00
+36.8%
15.1%US$80.00US$58.00US$16.643
Jul ’22US$61.00
US$62.33
+2.2%
20.1%US$80.00US$53.00US$13.323
Jun ’22US$62.65
US$53.67
-14.3%
0.9%US$54.00US$53.00US$13.883
May ’22US$49.09
US$46.33
-5.6%
10.3%US$53.00US$42.00US$13.073
Apr ’22US$36.08
US$42.33
+17.3%
2.9%US$44.00US$41.00US$15.403
Mar ’22US$30.23
US$38.00
+25.7%
7.4%US$40.00US$34.00US$20.533
Feb ’22US$28.80
US$38.00
+31.9%
7.4%US$40.00US$34.00US$24.483
Jan ’22US$37.99
US$27.67
-27.2%
1.7%US$28.00US$27.00US$27.783

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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