NYSE:WBAI

Stock Analysis Report

Executive Summary

500.com Limited, through its subsidiaries, provides online gaming services primarily in the People’s Republic of China and Europe.

Snowflake

Fundamentals

Adequate balance sheet with weak fundamentals.

Share Price & News

How has 500.com's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.2%

WBAI

2.0%

US Hospitality

1.3%

US Market


1 Year Return

24.9%

WBAI

2.1%

US Hospitality

5.9%

US Market

Return vs Industry: WBAI exceeded the US Hospitality industry which returned 2.1% over the past year.

Return vs Market: WBAI exceeded the US Market which returned 5.9% over the past year.


Shareholder returns

WBAIIndustryMarket
7 Day-1.2%2.0%1.3%
30 Day19.5%-6.0%-1.9%
90 Day-2.0%-6.3%-1.8%
1 Year24.9%24.9%4.5%2.1%8.3%5.9%
3 Year-39.8%-39.8%43.0%33.7%45.6%36.2%
5 Year-62.8%-62.8%41.1%25.5%66.1%47.9%

Price Volatility Vs. Market

How volatile is 500.com's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 500.com undervalued compared to its fair value and its price relative to the market?

3.55x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate WBAI's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate WBAI's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WBAI is unprofitable, so we can't compare its PE Ratio to the Hospitality industry average.

PE vs Market: WBAI is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate WBAI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WBAI is overvalued based on its PB Ratio (3.6x) compared to the US Hospitality industry average (2.1x).


Next Steps

Future Growth

How is 500.com forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.7%

Forecasted Consumer Services industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 500.com has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has 500.com performed over the past 5 years?

-43.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: WBAI is unprofitable, and losses have increased over the past 5 years at a rate of -43.5% per year.

Accelerating Growth: Unable to compare WBAI's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: WBAI is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (-13.9%).


Return on Equity

High ROE: WBAI has a negative Return on Equity (-60.25%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: WBAI is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: WBAI is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is 500.com's financial position?


Financial Position Analysis

Short Term Liabilities: WBAI's short term assets (CN¥518.5M) exceeds its short term liabilities (CN¥81.1M)

Long Term Liabilities: WBAI's short term assets (518.5M) exceeds its long term liabilities (56.3M)


Debt to Equity History and Analysis

Debt Level: WBAI is debt free.

Reducing Debt: WBAI had no debt 5 years ago.


Balance Sheet

Inventory Level: WBAI has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if WBAI's debt is covered by short term assets.


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: Insufficient data to determine if WBAI has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if WBAI has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is 500.com's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate WBAI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate WBAI's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if WBAI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WBAI's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of WBAI's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of 500.com's salary, the management and board of directors tenure and is there insider trading?

4.4yrs

Average management tenure


CEO

Zhengming Pan (40yo)

4.4yrs

Tenure

0

Mr. Zhengming Pan has been Chief Executive Officer of 500.com Limited since May 15, 2015. Mr. Pan served as the Chief Financial Officer of 500.com Limited since April 2011 until August 2014 and served as i ...


Management Age and Tenure

4.4yrs

Average Tenure

44yo

Average Age

Experienced Management: WBAI's management team is considered experienced (4.4 years average tenure).


Board Age and Tenure

4.4yrs

Average Tenure

50yo

Average Age

Experienced Board: WBAI's board of directors are considered experienced (4.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCN¥5,169,46603 Jun 19
Tsinghua Holdings Corporation Limited
EntityCompany
Shares346,944
Max PriceCN¥14.90
BuyCN¥1,736,98901 Mar 19
Tsinghua Holdings Corporation Limited
EntityCompany
Shares544,495
Max PriceCN¥14.88

Ownership Breakdown


Management Team

  • Zhengming Pan (40yo)

    President

    • Tenure: 4.4yrs
  • Zhaofu Tian (44yo)

    Chief Technology Officer

    • Tenure: 7yrs
  • Yuan Qiang (46yo)

    Chief Financial Officer

    • Tenure: 1.8yrs

Board Members

  • Glen Sun (46yo)

    Independent Director

    • Tenure: 6yrs
  • Angel Wong (47yo)

    Independent Director

    • Tenure: 3.9yrs
  • Zhengming Pan (40yo)

    President

    • Tenure: 4.4yrs
  • Honghui Deng (50yo)

    Independent Director

    • Tenure: 8.4yrs
  • Yu Wei (50yo)

    Independent Director

    • Tenure: 5.9yrs
  • Xudong Chen (51yo)

    Chairman of the Board

    • Tenure: 0.3yrs
  • Bo Yu (51yo)

    Director

    • Tenure: 2.8yrs

Company Information

500.com Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 500.com Limited
  • Ticker: WBAI
  • Exchange: NYSE
  • Founded: 2001
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: US$480.034m
  • Shares outstanding: 42.98m
  • Website: https://www.500.com

Number of Employees


Location

  • 500.com Limited
  • Building No. 7
  • 12th Floor, West Side, Block B
  • Shenzhen
  • Guangdong Province
  • 518115
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
WBAINYSE (New York Stock Exchange)YesSPONS ADR REP 10 SHS CL 'A'USUSDNov 2013
50CADB (Deutsche Boerse AG)YesSPONS ADR REP 10 SHS CL 'A'DEEURNov 2013

Biography

500.com Limited, through its subsidiaries, provides online gaming services primarily in the People’s Republic of China and Europe. It operates online gaming sites, such as Multilotto.com or Multilotto.net  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:30
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.