International Game Technology
Market Cap
US$2.1b
Last Updated
2020/10/20 00:43 UTC
Data Sources
Company Financials +
Executive Summary
International Game Technology PLC operates and provides gaming technology products and services worldwide. More Details
Rewards
Risk Analysis
No risks detected for IGT from our risk checks.
Snowflake Analysis
Reasonable growth potential and fair value.
Similar Companies
Share Price & News
How has International Game Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IGT has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.5%
IGT
-2.5%
US Hospitality
-2.4%
US Market
1 Year Return
-27.1%
IGT
-16.2%
US Hospitality
18.2%
US Market
Return vs Industry: IGT underperformed the US Hospitality industry which returned -15.7% over the past year.
Return vs Market: IGT underperformed the US Market which returned 19.5% over the past year.
Shareholder returns
| IGT | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.5% | -2.5% | -2.4% |
| 30 Day | -15.9% | -1.9% | 4.2% |
| 90 Day | -2.8% | 11.3% | 6.3% |
| 1 Year | -23.7%-27.1% | -14.9%-16.2% | 20.9%18.2% |
| 3 Year | -50.4%-56.7% | -12.1%-17.7% | 41.2%31.8% |
| 5 Year | -23.1%-38.1% | 14.7%2.7% | 84.8%63.9% |
Price Volatility Vs. Market
How volatile is International Game Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Now The Time To Look At Buying International Game Technology PLC (NYSE:IGT)?1 month ago | Simply Wall St
International Game Technology PLC (NYSE:IGT): When Will It Breakeven?1 month ago | Simply Wall St
How Does International Game Technology's (NYSE:IGT) CEO Salary Compare to Peers?Valuation
Is International Game Technology undervalued compared to its fair value and its price relative to the market?
26.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IGT ($10.29) is trading below our estimate of fair value ($14.06)
Significantly Below Fair Value: IGT is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: IGT is unprofitable, so we can't compare its PE Ratio to the US Hospitality industry average.
PE vs Market: IGT 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 IGT's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: IGT is good value based on its PB Ratio (2x) compared to the US Hospitality industry average (2.4x).
Next Steps
Future Growth
How is International Game Technology forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?
104.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).
Earnings vs Market: IGT is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: IGT's is expected to become profitable in the next 3 years.
Revenue vs Market: IGT's revenue (12.7% per year) is forecast to grow faster than the US market (10% per year).
High Growth Revenue: IGT's revenue (12.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IGT's Return on Equity is forecast to be low in 3 years time (4.1%).
Next Steps
Past Performance
How has International Game Technology performed over the past 5 years?
-9.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IGT is currently unprofitable.
Growing Profit Margin: IGT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: IGT is unprofitable, and losses have increased over the past 5 years at a rate of 9.5% per year.
Accelerating Growth: Unable to compare IGT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: IGT is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-49.7%).
Return on Equity
High ROE: IGT has a negative Return on Equity (-29.21%), as it is currently unprofitable.
Next Steps
Financial Health
How is International Game Technology's financial position?
Financial Position Analysis
Short Term Liabilities: IGT's short term assets ($3.1B) exceed its short term liabilities ($2.5B).
Long Term Liabilities: IGT's short term assets ($3.1B) do not cover its long term liabilities ($9.2B).
Debt to Equity History and Analysis
Debt Level: IGT's debt to equity ratio (482.1%) is considered high.
Reducing Debt: IGT's debt to equity ratio has increased from 248.6% to 482.1% 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: Whilst unprofitable IGT has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: IGT is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 20.8% per year.
Next Steps
Dividend
What is International Game Technology current dividend yield, its reliability and sustainability?
2.74%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate IGT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate IGT'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 IGT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if IGT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: IGT is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of IGT's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.2yrs
Average management tenure
CEO
Marco Sala (61 yo)
5.5yrs
Tenure
US$6,573,026
Compensation
Mr. Marco Sala has been Chief Executive Officer of International Game Technology PLC since April 7, 2015. Mr. Sala serves as a Director of De Agostini S.p.A. since June 27, 2020. He served as the Vice Gene ...
CEO Compensation Analysis
Compensation vs Market: Marco's total compensation ($USD6.57M) is above average for companies of similar size in the US market ($USD4.44M).
Compensation vs Earnings: Marco's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.5yrs | US$6.57m | 0.54% $ 11.4m | |
| Senior VP & Chief Accounting Officer | no data | no data | 0.0055% $ 116.8k | |
| Executive Vice President of Strategy & Corporate Development | 0.67yr | no data | 0.0091% $ 192.5k | |
| Executive Vice President of New Business & Strategic Initiatives | 0.75yr | no data | 0.11% $ 2.3m | |
| Senior Vice President of Corporate Public Affairs | 1.67yrs | no data | 0.0091% $ 191.0k | |
| Executive VP | 0.50yr | no data | no data | |
| Senior Vice President of Investor Relations | no data | no data | no data | |
| Senior VP & General Counsel | no data | no data | no data | |
| Senior Vice President of Global Brand | 1.67yrs | no data | no data | |
| Senior Vice President of Sales | 3.5yrs | no data | no data | |
| Global Head of People & Transformation | 0.50yr | no data | no data | |
| Chief Executive Officer of Global Gaming | no data | no data | 0.11% $ 2.3m |
1.2yrs
Average Tenure
57yo
Average Age
Experienced Management: IGT's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 5.5yrs | US$6.57m | 0.54% $ 11.4m | |
| Executive VP | 0.50yr | no data | no data | |
| Vice Chairperson & Lead Independent Director | 1.92yrs | US$296.12k | 0.049% $ 1.0m | |
| Chairperson of IGT Global Solutions Corporation | no data | no data | 0.019% $ 393.3k | |
| Chairperson of the Board | 1.92yrs | US$266.16k | 0.050% $ 1.1m | |
| Independent Non-Executive Director | 5.5yrs | US$246.41k | 0.020% $ 413.6k | |
| Independent Non-Executive Director | 5.5yrs | US$222.69k | 0.013% $ 278.5k | |
| Non-Executive Director | 5.5yrs | US$192.69k | 0.016% $ 336.0k | |
| Independent Non-Executive Director | 5.5yrs | US$199.41k | 0.014% $ 300.2k | |
| Independent Director | 3.58yrs | US$192.69k | 0.0047% $ 98.4k | |
| Independent Non-Executive Director | 1.25yrs | US$42.44k | no data | |
| Independent Director | 0.58yr | no data | no data |
3.6yrs
Average Tenure
63.5yo
Average Age
Experienced Board: IGT's board of directors are considered experienced (3.6 years average tenure).
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.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
International Game Technology PLC's company bio, employee growth, exchange listings and data sources
Key Information
- Name: International Game Technology PLC
- Ticker: IGT
- Exchange: NYSE
- Founded: 2014
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Market Cap: US$2.108b
- Shares outstanding: 204.86m
- Website: https://www.igt.com
Number of Employees
Location
- International Game Technology PLC
- Marble Arch House
- 2nd Floor
- London
- Greater London
- W1H 5BT
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 7IG | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Apr 2015 |
| IGT | NYSE (New York Stock Exchange) | Yes | Ordinary Shares | US | USD | Apr 2015 |
Biography
International Game Technology PLC operates and provides gaming technology products and services worldwide. The company operates through four segments: North America Gaming and Interactive, North America Lo ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/20 00:43 |
| End of Day Share Price | 2020/10/19 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.