NYSE:WBAI

Stock Analysis Report

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Executive Summary

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


Snowflake Analysis

Adequate balance sheet and overvalued.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: WBAI's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-1.0%

WBAI

4.3%

US Hospitality

1.3%

US Market


1 Year Return

-72.4%

WBAI

-14.1%

US Hospitality

15.8%

US Market

Return vs Industry: WBAI underperformed the US Hospitality industry which returned -15.5% over the past year.

Return vs Market: WBAI underperformed the US Market which returned 13.8% over the past year.


Shareholder returns

WBAIIndustryMarket
7 Day-1.0%4.3%1.3%
30 Day-20.1%-0.4%-4.1%
90 Day-33.0%19.8%8.4%
1 Year-72.4%-72.4%-12.6%-14.1%18.4%15.8%
3 Year-73.9%-73.9%-8.7%-14.5%38.2%29.0%
5 Year-83.7%-83.7%22.0%9.4%84.9%64.0%

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?

1.77x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

Significantly Below Fair Value: 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 US 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

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 good value based on its PB Ratio (1.8x) compared to the US Hospitality industry average (2.2x).


Next Steps

Future Growth

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

63.3%

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?

-23.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WBAI is currently unprofitable.

Growing Profit Margin: WBAI is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: WBAI is unprofitable, and losses have increased over the past 5 years at a rate of 23.6% 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 (-49.7%).


Return on Equity

High ROE: WBAI has a negative Return on Equity (-110.88%), as it is currently unprofitable.


Next Steps

Financial Health

How is 500.com's financial position?


Financial Position Analysis

Short Term Liabilities: WBAI's short term assets (CN¥375.8M) exceed its short term liabilities (CN¥73.5M).

Long Term Liabilities: WBAI's short term assets (CN¥375.8M) exceed its long term liabilities (CN¥22.5M).


Debt to Equity History and Analysis

Debt Level: WBAI is debt free.

Reducing Debt: WBAI has no debt compared to 5 years ago when its debt to equity ratio was 0.2%.


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: 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 current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate WBAI'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 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

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

5.8yrs

Average board tenure


CEO

Zhaofu Tian (45 yo)

0.75

Tenure

Mr. Zhaofu Tian has been the Interim Chief Executive of 500.com Limited since December 30, 2019 and its Chief Technology Officer since October 2012. Mr. Tian has over experience in the information technolo ...


Board Members

NamePositionTenureCompensationOwnership
Qian Sun
Independent Director6.92yrsno datano data
Yan Ki Wong
Independent Director4.83yrsno datano data
Honghui Deng
Independent Director9.33yrsno datano data
Yu Wei
Independent Director6.83yrsno datano data
Bo Yu
Director3.67yrsno datano data
Shengwu Wu
Chairman of the Board0.75yrno datano data

5.8yrs

Average Tenure

49.5yo

Average Age

Experienced Board: WBAI's board of directors are considered experienced (5.8 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

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$126.424m
  • Shares outstanding: 43.00m
  • 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)YesSPONSORED ADS EACH REPR 10 SHS AUSUSDNov 2013
50CADB (Deutsche Boerse AG)YesSPONSORED ADS EACH REPR 10 SHS ADEEURNov 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 Analysis2020/09/29 00:14
End of Day Share Price2020/09/25 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.