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IGT

International Game Technology NYSE:IGT Stock Report

Last Price

US$21.24

Market Cap

US$4.3b

7D

13.8%

1Y

-10.5%

Updated

26 Jun, 2022

Data

Company Financials +
IGT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance3/6
Financial Health1/6
Dividends2/6

IGT Stock Overview

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean.

International Game Technology Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for International Game Technology
Historical stock prices
Current Share PriceUS$21.24
52 Week HighUS$32.95
52 Week LowUS$17.27
Beta1.96
1 Month Change1.00%
3 Month Change-13.13%
1 Year Change-10.49%
3 Year Change63.76%
5 Year Change16.07%
Change since IPO5.78%

Recent News & Updates

Jun 24
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

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

IGTUS HospitalityUS Market
7D13.8%4.6%6.6%
1Y-10.5%-30.2%-18.4%

Return vs Industry: IGT exceeded the US Hospitality industry which returned -30.1% over the past year.

Return vs Market: IGT exceeded the US Market which returned -18.5% over the past year.

Price Volatility

Is IGT's price volatile compared to industry and market?
IGT volatility
IGT Average Weekly Movement10.8%
Hospitality Industry Average Movement9.2%
Market Average Movement8.1%
10% most volatile stocks in US Market16.6%
10% least volatile stocks in US Market3.2%

Stable Share Price: IGT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: IGT's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201410,393Vince Saduskyhttps://www.igt.com

International Game Technology PLC operates and provides gaming technology products and services in North America, Europe, the Middle East, Africa, Asia-Pacific, Latin America, and the Caribbean. It operates in three segments: Global Lottery, Global Gaming, and Digital & Betting. 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$4.31b
Earnings (TTM)US$65.00m
Revenue (TTM)US$4.13b

66.3x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
IGT income statement (TTM)
RevenueUS$4.13b
Cost of RevenueUS$2.17b
Gross ProfitUS$1.96b
Other ExpensesUS$1.89b
EarningsUS$65.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin47.47%
Net Profit Margin1.58%
Debt/Equity Ratio353.2%

How did IGT perform over the long term?

See historical performance and comparison

Dividends

3.8%

Current Dividend Yield

126%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

IGT 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/Revenue2.7x
Enterprise Value/EBITDA7.9x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does IGT's PE Ratio compare to its peers?

IGT PE Ratio vs Peers
The above table shows the PE ratio for IGT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average48.1x

Price-To-Earnings vs Peers: IGT is expensive based on its Price-To-Earnings Ratio (66.3x) compared to the peer average (48.1x).


Price to Earnings Ratio vs Industry

How does IGT's PE Ratio compare vs other companies in the U.S. Hospitality Industry?

Price-To-Earnings vs Industry: IGT is expensive based on its Price-To-Earnings Ratio (66.3x) compared to the US Hospitality industry average (16.9x)


Price to Earnings Ratio vs Fair Ratio

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

IGT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio66.3x
Fair PE Ratio35.1x

Price-To-Earnings vs Fair Ratio: IGT is expensive based on its Price-To-Earnings Ratio (66.3x) compared to the estimated Fair Price-To-Earnings Ratio (35.1x).


Share Price vs Fair Value

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

Below Fair Value: IGT ($21.24) is trading below our estimate of fair value ($36.28)

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


Price to Earnings Growth Ratio

PEG Ratio: IGT is poor value based on its PEG Ratio (1.7x)


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Future Growth

How is International Game Technology forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


39.8%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGT's forecast earnings growth (39.8% per year) is above the savings rate (1.9%).

Earnings vs Market: IGT's earnings (39.8% per year) are forecast to grow faster than the US market (14% per year).

High Growth Earnings: IGT's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: IGT's revenue (3.7% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: IGT's revenue (3.7% 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 (19.2%).


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Past Performance

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

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IGT has high quality earnings.

Growing Profit Margin: IGT became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: IGT has become profitable over the past 5 years, growing earnings by 5.7% per year.

Accelerating Growth: IGT has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: IGT has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (119.6%).


Return on Equity

High ROE: IGT's Return on Equity (12.8%) is considered low.


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Financial Health

How is International Game Technology's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: IGT's short term assets ($2.9B) exceed its short term liabilities ($2.0B).

Long Term Liabilities: IGT's short term assets ($2.9B) do not cover its long term liabilities ($7.4B).


Debt to Equity History and Analysis

Debt Level: IGT's net debt to equity ratio (320.5%) is considered high.

Reducing Debt: IGT's debt to equity ratio has increased from 216.6% to 353.2% over the past 5 years.

Debt Coverage: IGT's debt is not well covered by operating cash flow (14.7%).

Interest Coverage: IGT's interest payments on its debt are not well covered by EBIT (2.7x coverage).


Balance Sheet


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Dividend

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

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.77%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: IGT's dividend (3.77%) is higher than the bottom 25% of dividend payers in the US market (1.57%).

High Dividend: IGT's dividend (3.77%) is low compared to the top 25% of dividend payers in the US market (4.24%).


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 7 years, and since then payments have not increased.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (126%), IGT's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (23.6%), IGT's dividend payments are well covered by cash flows.


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Management

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

2.2yrs

Average management tenure


CEO

Vince Sadusky (56 yo)

0.42

Tenure

US$389,000

Compensation

Mr. Vincent L. Sadusky, also known as Vince, serves as Chief Executive Officer and Executive Director at International Game Technology PLC since January 24, 2022. He had been the Director of Univision Comm...


Leadership Team

Experienced Management: IGT's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: IGT's board of directors are considered experienced (7.2 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
  • Implied Market Cap: US$4.311b
  • Shares outstanding: 202.97m
  • 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 Analysis2022/06/26 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.