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Integrity Gaming

OTCPK:IGAM.F
Snowflake Description

Mediocre balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IGAM.F
OTCPK
CA$17M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Integrity Gaming Corp. operates slot routes in the United States. The last earnings update was 79 days ago. More info.


Add to Portfolio Compare Print
  • Integrity Gaming has significant price volatility in the past 3 months.
IGAM.F Share Price and Events
7 Day Returns
0%
OTCPK:IGAM.F
-0.3%
US Hospitality
0.5%
US Market
1 Year Returns
50.3%
OTCPK:IGAM.F
-9.2%
US Hospitality
2%
US Market
IGAM.F Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Integrity Gaming (IGAM.F) 0% 11.8% - 50.3% - -
US Hospitality -0.3% 8% 6.1% -9.2% 46.6% 13.9%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • IGAM.F outperformed the Hospitality industry which returned -9.2% over the past year.
  • IGAM.F outperformed the Market in United States of America which returned 2% over the past year.
Price Volatility
IGAM.F
Industry
5yr Volatility vs Market

IGAM.F Value

 Is Integrity Gaming undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Integrity Gaming to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Integrity Gaming.

OTCPK:IGAM.F Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:IGAM.F
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.97
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.967 (1 + (1- 26.5%) (223.3%))
2.555
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (2 * 7.27%)
17.27%

Discounted Cash Flow Calculation for OTCPK:IGAM.F using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Integrity Gaming is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:IGAM.F DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (USD, Millions) 1.15 1.37 1.61 1.89 2.19
Source Est @ 20%, capped from 46.1% Est @ 19%, capped from 46.1% Est @ 18%, capped from 46.1% Est @ 17%, capped from 46.1% Est @ 16%, capped from 46.1%
Present Value
Discounted (@ 17.27%)
0.98 0.99 1.00 1.00 0.99
Present value of next 5 years cash flows $4.95
OTCPK:IGAM.F DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= $2.19 × (1 + 2.73%) ÷ (17.27% – 2.73%)
$15.45
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= $15.45 ÷ (1 + 17.27%)5
$6.97
OTCPK:IGAM.F Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= $4.95 + $6.97
$11.92
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $11.92 / 38.41
$0.31
OTCPK:IGAM.F Discount to Share Price
Calculation Result
Exchange Rate USD/CAD
(Reporting currency to currency of TSXV:IGAM)
1.323
Value per Share
(CAD)
= Value per Share in USD x Exchange Rate (USD/CAD)
= $0.31 x 1.323
CA$0.41
Non-primary Listing Adjustment Factor 1 share in OTCPK:IGAM.F represents 0.7866x of TSXV:IGAM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.7866x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CAD) x Listing Adjustment Factor
= CA$ 0.41 x 0.7866
$0.32
Value per share (USD) From above. $0.32
Current discount Discount to share price of $0.36
= -1 x ($0.36 - $0.32) / $0.32
-10.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Integrity Gaming is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Integrity Gaming's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Integrity Gaming's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:IGAM.F PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $-0.22
TSXV:IGAM Share Price ** TSXV (2019-02-07) in CAD CA$0.46
TSXV:IGAM Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.756 $0.34
United States of America Hospitality Industry PE Ratio Median Figure of 73 Publicly-Listed Hospitality Companies 18.99x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Integrity Gaming.

OTCPK:IGAM.F PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSXV:IGAM Share Price ÷ EPS (both in USD)

= 0.34 ÷ -0.22

-1.57x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Integrity Gaming is loss making, we can't compare its value to the US Hospitality industry average.
  • Integrity Gaming is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Integrity Gaming's expected growth come at a high price?
Raw Data
OTCPK:IGAM.F PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -1.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Hospitality Industry PEG Ratio Median Figure of 53 Publicly-Listed Hospitality Companies 1.57x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Integrity Gaming, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Integrity Gaming's assets?
Raw Data
OTCPK:IGAM.F PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $-0.14
TSXV:IGAM Share Price * TSXV (2019-02-07) in CAD CA$0.46
TSXV:IGAM Share Price converted to USD reporting currency Exchange rate (CAD/ USD) 0.756 $0.34
United States of America Hospitality Industry PB Ratio Median Figure of 105 Publicly-Listed Hospitality Companies 2.08x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
OTCPK:IGAM.F PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSXV:IGAM Share Price ÷ Book Value per Share (both in USD)

= 0.34 ÷ -0.14

-2.49x

* Primary Listing of Integrity Gaming.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Integrity Gaming has negative assets, we can't compare the value of its assets to the US Hospitality industry average.
X
Value checks
We assess Integrity Gaming's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Integrity Gaming has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IGAM.F Future Performance

 How is Integrity Gaming expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Integrity Gaming 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.3%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Integrity Gaming expected to grow at an attractive rate?
  • Unable to compare Integrity Gaming's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Integrity Gaming's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Integrity Gaming's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:IGAM.F Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 11.3%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 6.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:IGAM.F Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:IGAM.F Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
OTCPK:IGAM.F Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 16 1 -8
2018-06-30 17 2 -8
2018-03-31 17 2 -8
2017-12-31 16 2 -8
2017-09-30 16 2 -8
2017-06-30 16 1 -8
2017-03-31 15 1 -8
2016-12-31 15 2 -6
2016-09-30 15 1 -5
2016-06-30 14 1 -0
2016-03-31 11 1 -1
2015-12-31 8 -1 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Integrity Gaming is high growth as no earnings estimate data is available.
  • Unable to determine if Integrity Gaming is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:IGAM.F Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Integrity Gaming Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IGAM.F Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
OTCPK:IGAM.F Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 -0.22
2018-06-30 -0.24
2018-03-31 -0.23
2017-12-31 -0.24
2017-09-30 -0.22
2017-06-30 -0.24
2017-03-31 -0.23
2016-12-31 -0.19
2016-09-30 -0.13
2016-06-30 -0.01
2016-03-31 -0.04
2015-12-31 -0.12

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Integrity Gaming will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of IGAM.F’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Integrity Gaming's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  3. While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Integrity Gaming's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Integrity Gaming's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Integrity Gaming has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IGAM.F Past Performance

  How has Integrity Gaming performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Integrity Gaming's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Integrity Gaming does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Integrity Gaming's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Integrity Gaming's 1-year growth to the US Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Integrity Gaming's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Integrity Gaming Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:IGAM.F Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 16.26 -7.69 5.82
2018-06-30 16.74 -8.45 6.20
2018-03-31 16.65 -8.22 6.07
2017-12-31 16.37 -8.47 6.12
2017-09-30 16.33 -7.51 5.49
2017-06-30 16.33 -8.40 5.71
2017-03-31 15.47 -7.97 5.93
2016-12-31 15.00 -6.46 5.97
2016-09-30 14.50 -4.50 6.60
2016-06-30 13.67 -0.48 6.60
2016-03-31 11.19 -1.07 5.90
2015-12-31 8.16 -2.91 4.78
2015-09-30 5.18 -3.33 4.66
2015-06-30 2.66 -5.73 2.67
2015-03-31 2.13 -12.43 2.21
2014-12-31 1.63 -12.06 2.33
2014-09-30 1.21 -11.93 1.51
2014-06-30 0.80 -11.16 2.03
2014-03-31 0.46 -2.94 1.41
2013-12-31 0.32 -1.85 0.96

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Integrity Gaming has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Integrity Gaming has efficiently used its assets last year compared to the US Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Integrity Gaming improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Integrity Gaming's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Integrity Gaming has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IGAM.F Health

 How is Integrity Gaming's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Integrity Gaming's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Integrity Gaming is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Integrity Gaming's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Integrity Gaming's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Integrity Gaming has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Integrity Gaming Company Filings, last reported 4 months ago.

OTCPK:IGAM.F Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 -4.86 29.50 1.77
2018-06-30 -3.63 29.59 1.55
2018-03-31 -2.13 29.70 2.21
2017-12-31 -1.27 29.85 2.90
2017-09-30 2.54 27.00 1.04
2017-06-30 4.47 27.62 2.31
2017-03-31 5.74 28.24 2.60
2016-12-31 6.82 29.16 3.37
2016-09-30 9.65 29.36 2.52
2016-06-30 12.45 21.51 1.42
2016-03-31 13.25 22.62 2.45
2015-12-31 13.24 23.78 2.28
2015-09-30 13.81 19.57 0.43
2015-06-30 4.24 14.11 1.05
2015-03-31 2.05 12.09 1.60
2014-12-31 2.82 8.33 3.56
2014-09-30 3.78 8.50 4.44
2014-06-30 4.52 8.55 5.26
2014-03-31 -1.38 4.68 0.20
2013-12-31 -0.37 4.50 0.43
  • Integrity Gaming has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Integrity Gaming's debt level has increased considering it has negative shareholder equity.
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.

  • Integrity Gaming has sufficient cash runway for 1.2 years based on current free cash flow.
  • Integrity Gaming has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 35.8% each year.
X
Financial health checks
We assess Integrity Gaming's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Integrity Gaming has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IGAM.F Dividends

 What is Integrity Gaming's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Integrity Gaming dividends.
If you bought $2,000 of Integrity Gaming shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Integrity Gaming's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Integrity Gaming's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:IGAM.F Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 45 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:IGAM.F Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Integrity Gaming has not reported any payouts.
  • Unable to verify if Integrity Gaming's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Integrity Gaming's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Integrity Gaming has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Integrity Gaming's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Integrity Gaming afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Integrity Gaming has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IGAM.F Management

 What is the CEO of Integrity Gaming's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Miodunski
COMPENSATION $13,000
AGE 67
TENURE AS CEO 0.7 years
CEO Bio

Mr. Robert L. Miodunski, also known as Bob, has been an Independent Director of Golden Entertainment, Inc. since July 29, 2015. He has been the Interim Chief Executive Officer of Poydras Gaming Finance Corp. (also known as Integrity Gaming Corp.) since June 25, 2018. He served as Chief Executive Officer and President of AGS, LLC (formerly, American Gaming Systems, Inc.) until January 29, 2014. Mr. Miodunski is a veteran gaming executive. Mr. Miodunski served as the Chairman, Chief Executive Officer and President of AGS Capital LLC since July 2010. He served as Interim Chief Executive Officer and Interim President of AGS, LLC since July 7, 2010. Mr. Miodunski served as the Chief Executive Officer and President of Bally Gaming, Inc. He served as a Consultant of Bally Technologies, Inc. (formerly, Alliance Gaming Corp.) since September 30, 2004 to 2010. He joined Alliance and served as its Senior Vice President-Route Group (Nevada) since March 1994. Since November 1999, he served as Chief Operating Officer of Alliance Gaming Corp. Mr. Miodunski served as the President and Chief Executive Officer of Alliance Gaming Corporation from April 2001 to September 30, 2004 and served as its President from April 2000 to April 2001. From 1994 to 1999, Mr. Miodunski served as President of United Coin Machine Company (UCMC), a subsidiary of Alliance Gaming, operating 7300 gaming devices in 600 locations throughout Nevada. From January 1991 to March 1994, Mr. Miodunski served as President of Mulholland-Harper Company. From 1984 to 1990, Mr. Miodunski held various positions with Federal Signal Company and served as Vice President and General Manager of the Midwest Region of the Sign Group. He served as the Chairman and Director of AGS, LLC since July 7, 2010 until January 29, 2014. He has been an Independent Director at Poydras Gaming Finance Corp. since April 23, 2015 and served as its Lead Independent Director until August 23, 2017. He served as a Director of Bally Technologies, Inc. from February 2000 to September 30, 2004 and AGS Capital LLC until February 03, 2014. Mr. Miodunski served as a Director of Entertainment Gaming Asia Inc. (also known as, Elixir Gaming Technologies, Inc. and Vendingdata Corp.) from November 10, 2005 to May 12, 2008. He holds a mechanical engineering degree from the University of Missouri and an MBA from the University of Dallas. Mr. Miodunski’s includes over 20 years of experience in the gaming industry.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year.
  • Bob's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure of the Integrity Gaming management team in years:

1.1
Average Tenure
  • The average tenure for the Integrity Gaming management team is less than 2 years, this suggests a new team.
Management Team

Bob Miodunski

TITLE
Interim CEO & Director
COMPENSATION
$13K
AGE
67
TENURE
0.7 yrs

Adam Kniec

TITLE
CFO & Corporate Secretary
COMPENSATION
$182K
AGE
49
TENURE
3.3 yrs

Lynn Wallis

TITLE
Controller
TENURE
1.1 yrs

Philip Bowden

TITLE
Executive Vice President of Integrity Gaming LLC
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Integrity Gaming board of directors in years:

4.3
Average Tenure
57.5
Average Age
  • The tenure for the Integrity Gaming board of directors is about average.
Board of Directors

David Danziger

TITLE
Chairman of the Board
COMPENSATION
$18K
AGE
61
TENURE
1.5 yrs

Bob Miodunski

TITLE
Interim CEO & Director
COMPENSATION
$13K
AGE
67
TENURE
3.8 yrs

David Oishi

TITLE
Independent Director
COMPENSATION
$12K
AGE
54
TENURE
9.6 yrs

Prakash Hariharan

TITLE
Independent Director
COMPENSATION
$8K
AGE
46
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Integrity Gaming insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
11. Feb 19 Sell Adam Kniec Individual 08. Feb 19 08. Feb 19 -50,000 $0.35 $-17,318
08. Feb 19 Buy Steven Morfey Individual 08. Feb 19 08. Feb 19 4,000 $0.34 $1,370
07. Feb 19 Buy Steven Morfey Individual 07. Feb 19 07. Feb 19 1,500 $0.34 $514
05. Feb 19 Buy Steven Morfey Individual 05. Feb 19 05. Feb 19 18,500 $0.35 $6,405
31. Jan 19 Buy Steven Morfey Individual 31. Jan 19 31. Jan 19 500 $0.35 $173
30. Jan 19 Buy Steven Morfey Individual 30. Jan 19 30. Jan 19 73,000 $0.34 $25,162
28. Jan 19 Buy Steven Morfey Individual 28. Jan 19 28. Jan 19 100,000 $0.34 $34,309
24. Jan 19 Buy Steven Morfey Individual 24. Jan 19 24. Jan 19 100,000 $0.34 $34,093
22. Jan 19 Buy Steven Morfey Individual 21. Jan 19 22. Jan 19 184,500 $0.34 $63,052
16. Jan 19 Buy Steven Morfey Individual 15. Jan 19 15. Jan 19 1,001,500 $0.34 $343,297
X
Management checks
We assess Integrity Gaming's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Integrity Gaming has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IGAM.F News

Simply Wall St News

IGAM.F Company Info

Map
Description

Integrity Gaming Corp. operates slot routes in the United States. The company leases and distributes slot machines, electronic table games, and casino equipment and supplies to tribal casino operators, as well as offers project financing to owners, operators, and managers of casinos and other regulated gaming venues. As of May 22, 2018, it operated slot routes with approximately 2,700 gaming machines across 30 casinos in Oklahoma and Texas. Integrity Gaming Corp. is headquartered in Vancouver, Canada. As of February 8, 2019, Integrity Gaming Corp. operates as a subsidiary of PlayAGS, Inc.

Details
Name: Integrity Gaming Corp.
IGAM.F
Exchange: OTCPK
Founded:
CA$13,210,496
38,412,928
Website: http://www.integritygaming.com
Address: Integrity Gaming Corp.
800 West Pender Street,
Suite 1430,
Vancouver,
British Columbia, V6C 2V6,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSXV IGAM New Common shares TSX Venture Exchange CA CAD 13. May 2014
OTCPK IGAM.F New Common shares Pink Sheets LLC US USD 13. May 2014
DB 2PY1 New Common shares Deutsche Boerse AG DE EUR 13. May 2014
Number of employees
Current staff
Staff numbers
0
Integrity Gaming employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/14 01:12
End of day share price update: 2019/02/07 00:00
Last estimates confirmation: 2018/04/24
Last earnings filing: 2018/11/27
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.