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IGT

International Game TechnologyNYSE:IGT Stock Report

Market Cap

US$5.6b

7D

-2.7%

1Y

111.1%

Updated

30 Nov, 2021

Data

Company Financials +
IGT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health3/6
Dividends2/6

IGT Stock Overview

International Game Technology PLC operates and provides gaming technology products and services worldwide.

International Game Technology Competitors

MGM Resorts International

NYSE:MGM

US$19.3b

Penn National Gaming

NasdaqGS:PENN

US$8.8b

Churchill Downs

NasdaqGS:CHDN

US$8.6b

Scientific Games

NasdaqGS:SGMS

US$6.2b

Price History & Performance

Summary of all time highs, changes and price drops for International Game Technology
Historical stock prices
Current Share PriceUS$27.02
52 Week HighUS$32.95
52 Week LowUS$11.87
Beta2.14
1 Month Change-8.38%
3 Month Change27.69%
1 Year Change111.09%
3 Year Change62.19%
5 Year Change7.52%
Change since IPO34.56%

Recent News & Updates

Oct 15
International Game Technology (NYSE:IGT) Takes On Some Risk With Its Use Of Debt

International Game Technology (NYSE:IGT) Takes On Some Risk With Its Use Of Debt

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Sep 24
International Game Technology (NYSE:IGT) Is Doing The Right Things To Multiply Its Share Price

International Game Technology (NYSE:IGT) Is Doing The Right Things To Multiply Its Share Price

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...

Aug 12
Calculating The Fair Value Of International Game Technology PLC (NYSE:IGT)

Calculating The Fair Value Of International Game Technology PLC (NYSE:IGT)

Does the August share price for International Game Technology PLC ( NYSE:IGT ) reflect what it's really worth? Today...

Shareholder Returns

IGTUS HospitalityUS Market
7D-2.7%-4.8%-0.9%
1Y111.1%4.5%23.3%

Return vs Industry: IGT exceeded the US Hospitality industry which returned 2.3% over the past year.

Return vs Market: IGT exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is IGT's price volatile compared to industry and market?
IGT volatility
IGT Average Weekly Movement6.0%
Hospitality Industry Average Movement6.5%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

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

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

About the Company

FoundedEmployeesCEOWebsite
201411,033Marco Salahttps://www.igt.com

International Game Technology PLC operates and provides gaming technology products and services worldwide. It operates in two segments, Global Lottery and Global Gaming. The company designs, sells, operates, and leases a suite of point-of-sale machines 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.

International Game Technology Fundamentals Summary

How do International Game Technology's earnings and revenue compare to its market cap?
IGT fundamental statistics
Market CapUS$5.58b
Earnings (TTM)-US$210.33m
Revenue (TTM)US$3.92b

1.4x

P/S Ratio

-26.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGT income statement (TTM)
RevenueUS$3.92b
Cost of RevenueUS$2.06b
Gross ProfitUS$1.86b
ExpensesUS$2.07b
Earnings-US$210.33m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.03
Gross Margin47.39%
Net Profit Margin-5.36%
Debt/Equity Ratio324.7%

How did IGT perform over the long term?

See historical performance and comparison

Dividends

3.0%

Current Dividend Yield

0%

Payout Ratio

Valuation

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

4.21x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: IGT ($27.19) is trading above our estimate of fair value ($26.88)

Significantly Below Fair Value: IGT is trading above our estimate of fair value.


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 overvalued based on its PB Ratio (4.2x) compared to the US Hospitality industry average (3.3x).


Future Growth

How is International Game Technology forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?

-1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGT's earnings are forecast to decline over the next 3 years (-1.5% per year).

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 (4.5% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: IGT's revenue (4.5% 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 high in 3 years time (26.5%)


Past Performance

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

-17.2%

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 17.2% 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 (79.7%).


Return on Equity

High ROE: IGT has a negative Return on Equity (-1.55%), as it is currently unprofitable.


Financial Health

How is International Game Technology's financial position?


Financial Position Analysis

Short Term Liabilities: IGT's short term assets ($2.4B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: IGT's short term assets ($2.4B) do not cover its long term liabilities ($7.5B).


Debt to Equity History and Analysis

Debt Level: IGT's net debt to equity ratio (303.2%) is considered high.

Reducing Debt: IGT's debt to equity ratio has increased from 240.1% to 324.7% 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, due to free cash flow being positive and growing by 21.2% per year.


Dividend

What is International Game Technology current dividend yield, its reliability and sustainability?

2.96%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IGT's dividend (2.94%) is higher than the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: IGT's dividend (2.94%) is low compared to the top 25% of dividend payers in the US market (3.58%).


Stability and Growth of Payments

Stable Dividend: IGT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: IGT has only been paying a dividend for 6 years, and since then payments have not increased.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as IGT has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: IGT's dividends in 3 years are forecast to be well covered by earnings (43.8% payout ratio).


Next Steps

Management

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

2.7yrs

Average management tenure


CEO

Marco Sala (62 yo)

6.58yrs

Tenure

US$5,825,817

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 ($USD5.83M) is about average for companies of similar size in the US market ($USD6.23M).

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


Leadership Team

Experienced Management: IGT's management team is considered experienced (2.7 years average tenure).


Board Members

Experienced Board: IGT's board of directors are considered experienced (5.6 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 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$5.579b
  • Shares outstanding: 205.19m
  • 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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 23:13
End of Day Share Price2021/11/30 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.