International Game Technology
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International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The last earnings update was 16 days ago. More info.
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IGT Share Price and Events
7 Day Returns
1 Year Returns
IGT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| International Game Technology (IGT) | -7.9% | -5.7% | -3.8% | -46.8% | -32.4% | - |
| US Hospitality | -0.4% | 2.9% | 1.9% | -6.8% | 50.6% | 17.9% |
| US Market | 1.4% | 3.8% | 3.5% | 4.9% | 44.8% | 40.1% |
1 Year Return vs Industry and Market
- IGT underperformed the Hospitality industry which returned -6.8% over the past year.
- IGT underperformed the Market in United States of America which returned 4.9% over the past year.
Value
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
International Game Technology
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for International Game Technology.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 11 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 16% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6.7% |
| Hospitality Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.922 (1 + (1- 19%) (335.57%)) |
2.626 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 6.65%) |
16.03% |
Discounted Cash Flow Calculation for NYSE:IGT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for International Game Technology 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.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 16.03%) |
|
|---|---|---|---|
| 2019 | 408.05 | Analyst x8 | 351.67 |
| 2020 | 516.17 | Analyst x7 | 383.40 |
| 2021 | 459.36 | Analyst x2 | 294.06 |
| 2022 | 425.64 | Est @ -7.34% | 234.83 |
| 2023 | 407.25 | Est @ -4.32% | 193.65 |
| 2024 | 398.28 | Est @ -2.2% | 163.22 |
| 2025 | 395.39 | Est @ -0.72% | 139.65 |
| 2026 | 396.63 | Est @ 0.31% | 120.73 |
| 2027 | 400.74 | Est @ 1.04% | 105.13 |
| 2028 | 406.93 | Est @ 1.55% | 92.01 |
| Present value of next 10 years cash flows | $2,078.35 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $406.93 × (1 + 2.73%) ÷ (16.03% – 2.73%) |
$3,143.18 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $3,143.18 ÷ (1 + 16.03%)10 |
$710.67 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $2,078.35 + $710.67 |
$2,789.02 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $2,789.02 / 204.39 |
$13.65 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $13.65 |
| Current discount | Discount to share price of
$12.30
= -1 x ($12.30 - $13.65) / $13.65 |
9.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- International Game Technology's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- International Game Technology's share price is below the future cash flow value, but not 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 International Game Technology's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
International Game Technology's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $0.00 |
| NYSE:IGT Share Price ** | NYSE (2019-06-25) in USD | $12.3 |
| United States of America Hospitality Industry PE Ratio | Median Figure of 74 Publicly-Listed Hospitality Companies | 22.64x |
| United States of America Market PE Ratio | Median Figure of 3,095 Publicly-Listed Companies | 17.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of International Game Technology.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:IGT Share Price ÷ EPS (both in USD) = 12.3 ÷ 0.00 |
-2577x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- International Game Technology is loss making, we can't compare its value to the US Hospitality industry average.
- International Game Technology is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does
International Game Technology's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -2577x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts |
56.4%per year |
| United States of America Hospitality Industry PEG Ratio | Median Figure of 55 Publicly-Listed Hospitality Companies | 1.91x |
| United States of America Market PEG Ratio | Median Figure of 2,133 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for International Game Technology, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
International Game Technology's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $8.86 |
| NYSE:IGT Share Price * | NYSE (2019-06-25) in USD | $12.3 |
| United States of America Hospitality Industry PB Ratio | Median Figure of 112 Publicly-Listed Hospitality Companies | 2.19x |
| United States of America Market PB Ratio | Median Figure of 5,255 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:IGT Share Price ÷ Book Value per Share (both in USD) = 12.3 ÷ 8.86 |
1.39x |
* Primary Listing of International Game Technology.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- International Game Technology is good value based on assets compared to the US Hospitality industry average.
Value checks
We assess International Game Technology's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check) International Game Technology has a total score of 1/6, 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.
Future Performance
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!
Earnings growth vs Low Risk Savings
- International Game Technology's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- International Game Technology's earnings growth is expected to exceed the United States of America market average.
- International Game Technology's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:IGT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts | 56.4% |
| NYSE:IGT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts | 1.4% |
| United States of America Hospitality Industry Earnings Growth Rate | Market Cap Weighted Average | 16.6% |
| United States of America Hospitality Industry Revenue Growth Rate | Market Cap Weighted Average | 7.3% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 4,900 | 1,167 | 364 | 4 |
| 2020-12-31 | 4,855 | 1,109 | 136 | 11 |
| 2019-12-31 | 4,764 | 1,000 | 127 | 11 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 4,767 | 78 | -1 |
| 2018-12-31 | 4,830 | 9 | -144 |
| 2018-09-30 | 4,911 | 538 | 160 |
| 2018-06-30 | 4,974 | 482 | -719 |
| 2018-03-31 | 4,992 | 470 | -1,171 |
| 2017-12-31 | 4,937 | 686 | -1,122 |
| 2017-09-30 | 4,915 | 42 | -915 |
| 2017-06-30 | 4,959 | 81 | -113 |
| 2017-03-31 | 5,025 | 369 | 249 |
| 2016-12-31 | 5,154 | 338 | 211 |
| 2016-09-30 | 5,198 | 936 | 52 |
| 2016-06-30 | 5,134 | 1,093 | 61 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 11 Analyst Estimates (S&P Global) | See Below |
All data from International Game Technology Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | ||||
| 2020-12-31 | 0.66 | 1.05 | 0.45 | 5.00 |
| 2019-12-31 | 0.59 | 0.75 | 0.45 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.00 |
| 2018-12-31 | -0.71 |
| 2018-09-30 | 0.79 |
| 2018-06-30 | -3.53 |
| 2018-03-31 | -5.75 |
| 2017-12-31 | -5.52 |
| 2017-09-30 | -4.51 |
| 2017-06-30 | -0.56 |
| 2017-03-31 | 1.23 |
| 2016-12-31 | 1.05 |
| 2016-09-30 | 0.26 |
| 2016-06-30 | 0.30 |
*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.
- International Game Technology is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess International Game Technology's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
International Game Technology 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.
Past Performance
How has International Game Technology 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
Past Earnings growth analysis
- International Game Technology does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
- Unable to compare International Game Technology's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare International Game Technology's 1-year growth to the US Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
All data from International Game Technology Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 4,767.50 | -0.98 | 831.58 | 257.12 |
| 2018-12-31 | 4,829.54 | -144.38 | 843.73 | 262.26 |
| 2018-09-30 | 4,910.79 | 160.38 | 816.13 | 269.44 |
| 2018-06-30 | 4,974.44 | -719.16 | 815.51 | 285.21 |
| 2018-03-31 | 4,991.60 | -1,170.55 | 829.61 | 301.77 |
| 2017-12-31 | 4,937.23 | -1,122.20 | 812.85 | 313.12 |
| 2017-09-30 | 4,914.51 | -914.99 | 844.12 | 329.32 |
| 2017-06-30 | 4,958.95 | -113.28 | 889.77 | 337.67 |
| 2017-03-31 | 5,024.92 | 249.32 | 918.82 | 341.45 |
| 2016-12-31 | 5,153.90 | 211.34 | 945.82 | 343.53 |
| 2016-09-30 | 5,197.64 | 51.52 | 952.28 | 340.90 |
| 2016-06-30 | 5,133.56 | 60.56 | 934.25 | 339.41 |
| 2016-03-31 | 5,122.38 | -129.03 | 927.23 | 339.64 |
| 2015-12-31 | 4,689.06 | -75.57 | 795.25 | 277.40 |
| 2015-09-30 | 4,215.90 | -299.69 | 659.51 | 219.94 |
| 2015-06-30 | 3,952.25 | -230.66 | 539.99 | 164.19 |
| 2015-03-31 | 3,623.28 | -58.59 | 406.96 | 104.48 |
| 2014-12-31 | 3,812.31 | 86.16 | 413.00 | 108.18 |
| 2014-09-30 | 3,896.24 | 238.39 | 495.37 | 81.09 |
| 2014-06-30 | 4,040.62 | 206.38 | 598.38 | 50.97 |
| 2014-03-31 | 4,158.61 | 244.18 | 680.03 | 26.16 |
| 2013-12-31 | 3,829.63 | 201.61 | 402.26 | 104.85 |
| 2013-09-30 | 4,198.71 | 320.66 | 711.03 | |
| 2013-06-30 | 4,045.80 | 329.77 | 761.90 | |
| 2013-03-31 | 3,963.02 | 320.65 | 772.06 | |
| 2012-12-31 | 4,055.22 | 307.38 | 711.12 | |
| 2012-09-30 | 3,970.11 | 278.63 | 743.47 | |
| 2012-06-30 | 3,919.66 | 287.16 | 729.77 |
*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.
- International Game Technology has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- International Game Technology used its assets less efficiently than the US Hospitality industry average last year based on Return on Assets.
- It is difficult to establish if International Game Technology improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess International Game Technology's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
International Game Technology has a total score of 0/6, 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.
Health
How is International Game Technology'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 International Game Technology's finances.
The net worth of a company is the difference between its assets and liabilities.
- International Game Technology's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- International Game Technology's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.3x 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.
All data from International Game Technology Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 2,624.96 | 8,003.92 | 290.36 |
| 2018-12-31 | 2,710.90 | 8,011.66 | 250.67 |
| 2018-09-30 | 2,711.29 | 8,017.54 | 447.55 |
| 2018-06-30 | 2,716.27 | 8,143.96 | 613.78 |
| 2018-03-31 | 2,696.54 | 8,094.24 | 569.62 |
| 2017-12-31 | 2,734.83 | 8,375.67 | 1,057.42 |
| 2017-09-30 | 2,645.75 | 7,635.02 | 300.08 |
| 2017-06-30 | 3,435.98 | 7,493.55 | 494.68 |
| 2017-03-31 | 3,603.23 | 7,861.57 | 463.30 |
| 2016-12-31 | 3,648.81 | 7,863.16 | 294.09 |
| 2016-09-30 | 3,420.81 | 8,286.81 | 349.90 |
| 2016-06-30 | 3,409.02 | 8,219.87 | 390.01 |
| 2016-03-31 | 3,291.82 | 8,228.01 | 505.80 |
| 2015-12-31 | 3,366.14 | 8,334.17 | 627.48 |
| 2015-09-30 | 3,519.66 | 8,748.01 | 551.92 |
| 2015-06-30 | 3,560.25 | 8,940.96 | 557.09 |
| 2015-03-31 | 2,778.22 | 3,104.09 | 317.04 |
| 2014-12-31 | 2,947.72 | 2,959.47 | 317.11 |
| 2014-09-30 | 3,480.04 | 3,648.09 | 575.05 |
| 2014-06-30 | 3,430.41 | 3,872.13 | 504.58 |
| 2014-03-31 | 3,491.26 | 3,840.72 | 353.15 |
| 2013-12-31 | 3,585.39 | 3,933.91 | 577.18 |
| 2013-09-30 | 3,574.99 | 4,017.17 | 577.66 |
| 2013-06-30 | 3,486.97 | 3,823.80 | 449.74 |
| 2013-03-31 | 3,612.73 | 3,737.55 | 456.44 |
| 2012-12-31 | 3,483.77 | 3,903.46 | 600.91 |
| 2012-09-30 | 3,389.70 | 3,539.67 | 251.76 |
| 2012-06-30 | 3,368.65 | 3,488.52 | 140.39 |
- International Game Technology's level of debt (306.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (112.8% vs 306.5% today).
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.
- International Game Technology has less than a year of cash runway based on current free cash flow.
- International Game Technology has less than a year of cash runway if free cash flow continues to grow at historical rates of 75.5% each year.
Financial health checks
We assess International Game Technology's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) International Game Technology has a total score of 0/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is International Game Technology'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
If you bought
$2,000 of
International Game Technology
shares you are expected to receive
$130
in your first year as a dividend.
Dividend Amount
- International Game Technology's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- International Game Technology's dividend is above the markets top 25% of dividend payers in United States of America (3.73%).
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.
| 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 11 Analyst Estimates (S&P Global) | See Below |
| United States of America Hospitality Industry Average Dividend Yield | Market Cap Weighted Average of 47 Stocks | 2.8% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2012 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.80 | 4.00 |
| 2020-12-31 | 0.83 | 7.00 |
| 2019-12-31 | 0.82 | 7.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-07 | 0.800 | 5.907 |
| 2018-10-31 | 0.800 | 4.977 |
| 2018-05-25 | 0.800 | 3.784 |
| 2018-05-21 | 0.800 | 2.871 |
| 2018-03-15 | 0.800 | 2.884 |
| 2018-03-08 | 0.800 | 2.673 |
| 2017-08-01 | 0.800 | 3.256 |
| 2017-05-25 | 0.800 | 4.324 |
| 2017-04-26 | 0.800 | 3.752 |
| 2017-04-20 | 0.800 | 3.618 |
| 2017-03-09 | 0.800 | 3.432 |
| 2016-07-26 | 0.800 | 3.143 |
| 2016-05-26 | 0.800 | 4.173 |
| 2015-11-10 | 0.800 | 5.028 |
| 2015-08-11 | 0.800 | 4.768 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Whilst dividend payments have been stable, International Game Technology has been paying a dividend for less than 10 years.
- International Game Technology has only been paying a dividend for 4 years, and since then there has been no growth.
Income/ dividend checks
We assess International Game Technology's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can International Game Technology afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) International Game Technology 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.
Management
CEO
| COMPENSATION | $13,017,276 |
| AGE | 59 |
| TENURE AS CEO | 4.2 years |
CEO Bio
Mr. Marco Sala serves as Chief Executive Officer of International Game Technology. Mr. Sala has been Chief Executive Officer of International Game Technology PLC since April 7, 2015. Mr. Sala served as the Vice General Director and Deputy General Manager of Banco di Desio e della Brianza S.p.A. Prior to joining Lottomatica, Mr. Sala served as Head of the Business Directories for Seat Pagine Gialle, a position that included responsibility for Thomson (Great Britain), Euredit (France) and Kompas (Italy) going concerns. He served as Chief Executive Officer of GTECH S.p.A. (formerly Lottomatica Group) from April 2009 to April 2015. He joined GTECH S.p.A as Co-General Manager in 2003. Since August 2006, he served as Managing Director with responsibility for its Italian Operations and other European activities. Prior to joining GTECH, he served as Chief Executive Officer of Buffetti. Prior to Buffetti, he served as Head of the Italian Business Directories Division for SEAT Pagine Gialle. He was Head of Business Directories with responsibility for a number of international companies such as Thomson (Great Britain), Euredit (France) and Kompass (Italy). Mr. Sala served as General Manager and Managing Director of International Game Technology and International Game Technology PLC. Since November 2005, he served as Chief Executive Officer of the De Agostini Group, an Italian Financial group with ownership in the publishing sector (De Agostini Editore), games and lotteries (Lottomatica/GTECH), media and communications (Antena Tres - Spanish television leader, Zodiak Media Group), in the financial investments (DeA Capital). Mr. Sala has also held senior management positions with Magneti Marelli (a Fiat Group company) as Head of the Lubricants Division and served as its Head of the Spare Parts Division. He joined Kraft Foods in March 1985, he held a twelve-year career with Kraft Foods that included various roles in the Marketing Department and also Sales Director of the Fresh Food Division. He serves as Chairman of the Board of Directors of DeA Capital, companies listed on the Milan stock market, chairman of Zodiak Media, Deputy Chairman of the Supervisory Board of Générale de Santé and he is member of the Executive Committee and Board of Directors of Assicurazioni Generali S.p.A. He also serves as member of the Advisory Boards of Investitori Associati IV, Wisequity II e Macchine Italia and Palamon Capital Partners. Since 2006, he has been a Member of the Global Clinton Initiative. He serves as a Non-Executive Director at Greek Organisation of Football Prognostics S.A.( formerly known as Opap SA). He serves as a Director of GTECH Corporation; International Game Technology; and Invest Games S.A. He served as a Director of GTECH Holdings Corporation. He has been an Executive Director of International Game Technology PLC since April 7, 2015. He was a Member of the Boards of Directors of Enel, INAAssitalia, Toro Assicurazioni and of the Advisory Board of Lehman Brothers Merchant Banking. Mr. Sala graduated in Business and Economics from Bocconi University.
CEO Compensation
- Marco's compensation has increased whilst company is loss making.
- Marco's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the International Game Technology management team in years:
- The tenure for the International Game Technology management team is about average.
Management Team
Marco Sala
CEO & Executive Director
$13M
59
4.2 yrs
Alberto Fornaro
Executive VP & CFO
53
7.8 yrs
Renato Ascoli
Chief Executive Officer of North America
57
Walter Bugno
Chief Executive Officer of International
58
Fabio Celadon
Senior Vice President of Gaming Portfolio
46
Scott Gunn
Senior Vice President of Corporate Public Affairs
52
0.3 yrs
Jim Hurley
Senior Vice President of Investor Relations
Christopher Spears
Senior Vice President & General Counsel
Wendy Montgomery
Senior Vice President of Global Brand
55
0.3 yrs
Ken Bossingham
Senior Vice President of Sales
54
2.2 yrs
Board of Directors Tenure
Average tenure and age of the International Game Technology board of directors in years:
- The tenure for the International Game Technology board of directors is about average.
Board of Directors
Lorenzo Pellicioli
Chairperson of the Board
$387K
67
0.6 yrs
Marco Sala
CEO & Executive Director
$13M
59
4.2 yrs
Jim McCann
Vice Chairperson & Lead Independent Director
$409K
67
0.6 yrs
Gianmario Tondato Ruos
Independent Non-Executive Director
$417K
58
4.2 yrs
Vince Sadusky
Independent Non-Executive Director
$441K
53
4.2 yrs
Marco Drago
Non-Executive Director
$387K
72
4.2 yrs
Alberto Dessy
Independent Non-Executive Director
$398K
65
4.2 yrs
Paget Alves
Independent Non-Executive Director
$394K
63
4.2 yrs
Heather McGregor
Independent Director
$394K
56
2.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess International Game Technology's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) International Game Technology 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.
News
Simply Wall St News
Is International Game Technology PLC (NYSE:IGT) A Risky Dividend Stock?
Although International Game Technology pays a dividend, it was loss-making during the past year. … Unfortunately, while International Game Technology pays a dividend, it also reported negative free cash flow last year. … Given International Game Technology is paying a dividend but reported a loss over the past year, we need to check its balance sheet for signs of financial distress.
Simply Wall St - – Full articleIs International Game Technology PLC's (NYSE:IGT) CEO Overpaid Relative To Its Peers?
Check out our latest analysis for International Game Technology How Does Marco Sala's Compensation Compare With Similar Sized Companies? … At the time of writing our data says that International Game Technology PLC has a market cap of US$2.7b, and is paying total annual CEO compensation of US$13m. … We compared the total CEO remuneration paid by International Game Technology PLC, and compared it to remuneration at a group of similar sized companies.
Simply Wall St - – Full articleWhat You Must Know About International Game Technology PLC's (NYSE:IGT) Beta Value
If you're interested in International Game Technology PLC (NYSE:IGT), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … The first thing to understand about beta is that the beta of the overall market is one.
Simply Wall St - – Full articleShould You Investigate International Game Technology PLC (NYSE:IGT) At US$13.70?
International Game Technology PLC (NYSE:IGT), which is in the hospitality business, and is based in United Kingdom,. … A question to answer is whether International Game Technology's current trading price of $13.7 reflective of the actual value of the? … Let’s take a look at International Game Technology’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change
Simply Wall St - – Full articleIs International Game Technology PLC's (NYSE:IGT) 11% ROE Worse Than Average?
This article is for those who would like to learn about Return On Equity (ROE). … Another way to think of that is that for every $1 worth of equity in the company, it was able to earn $0.11. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleWhy International Game Technology PLC’s (NYSE:IGT) Return On Capital Employed Looks Uninspiring
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … Analysts use this formula to calculate return on capital employed:
Simply Wall St - – Full articleShould You Worry About International Game Technology PLC's (NYSE:IGT) CEO Salary Level?
First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Marco Sala's Compensation Compare With Similar Sized Companies. … Our data indicates that International Game Technology PLC is worth US$3.3b, and total annual CEO compensation is US$8.5m.
Simply Wall St - – Full articleWhat Does International Game Technology PLC's (NYSE:IGT) Share Price Indicate?
International Game Technology PLC (NYSE:IGT), which is in the hospitality business, and is based in United Kingdom,. … As a mid-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Today I will analyse the most recent data on International Game Technology’s outlook and valuation to see if the opportunity still exists
Simply Wall St - – Full articleInternational Game Technology PLC (NYSE:IGT): 4 Days To Buy Before The Ex-Dividend Date
Below, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … How I analyze a dividend stock? … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:?
Simply Wall St - – Full articleA Look At The Intrinsic Value Of International Game Technology PLC (NYSE:IGT)
by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model
Simply Wall St - – Full articleCompany Info
Description
International Game Technology PLC operates and provides technology products and services across lotteries, electronic gaming machines, sports betting, and interactive gaming markets worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lottery, International, and Italy. It designs, sells, and operates a suite of point-of-sale terminals that reconciles lottery funds between the retailer and lottery authority; provides online lottery transaction processing systems; produces instant ticket games; and offers printing services, such as instant ticket marketing plans and graphic design, programming, packaging, shipping, and delivery services. The company also provides video lottery terminals (VLT), VLT central systems, and VLT games; and amusement with prize machines and games to licensed operators. In addition, it provides sports betting platform that offers betting on sports and motor sports events, as well as non-sporting events; interactive and social gaming, which enables game play through the Internet; gaming management systems for casino management, customer relationship management, patron management, and server-based gaming; and designs, develops, manufactures, and provides cabinets, games, systems, and software. Further, the company processes commercial transactions, such as prepaid cellular telephone recharges, bill payments, e-vouchers and retail-based programs, electronic tax payments, prepaid card recharges, and stamp duty and money transfers services. Additionally, it designs, manufactures, and distributes poker, online casino table games, slot games, bingo, virtual reality, and player account management systems services. The company was formerly known as GTECH S.p.A. and changed its name to International Game Technology PLC in April 2015. The company was incorporated in 2014 and is headquartered in London, the United Kingdom.
Details
| Name: | International Game Technology PLC |
| IGT | |
| Exchange: | NYSE |
| Founded: | 2014 |
| $2,514,011,796 | |
| 204,391,203 | |
| Website: | http://www.igt.com |
| Address: |
International Game Technology PLC Marble Arch House, 2nd Floor, London, Greater London, W1H 5BT, United Kingdom |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | IGT | Ordinary Shares | New York Stock Exchange | US | USD | 07. Apr 2015 | |
| DB | 7IG | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 07. Apr 2015 |
Number of employees
Current staff
Industry
| Casinos and Gaming | |
| Consumer Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/26 01:22 |
| End of day share price update: | 2019/06/25 00:00 |
| Last estimates confirmation: | 2019/06/18 |
| Last earnings filing: | 2019/06/10 |
| 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.
