OTCPK:GMGI

Stock Analysis Report

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Executive Summary

Golden Matrix Group, Inc., a gaming technology company, develops and owns online gaming IP, and builds social gaming platforms for its customers located primarily in the Asia Pacific region. More Details


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Golden Matrix Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GMGI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: GMGI's weekly volatility has decreased from 16% to 9% over the past year.


Market Performance


7 Day Return

15.4%

GMGI

4.7%

US Entertainment

2.8%

US Market


1 Year Return

940.7%

GMGI

35.3%

US Entertainment

19.7%

US Market

Return vs Industry: GMGI exceeded the US Entertainment industry which returned 35.3% over the past year.

Return vs Market: GMGI exceeded the US Market which returned 19.7% over the past year.


Shareholder returns

GMGIIndustryMarket
7 Day15.4%4.7%2.8%
30 Day28.4%8.2%8.0%
90 Day3.0%2.9%6.8%
1 Year940.7%940.7%35.8%35.3%22.4%19.7%
3 Year11,608.3%11,608.3%82.4%78.5%47.3%37.5%
5 Year-100.0%-100.0%101.4%92.3%93.6%72.3%

Long-Term Price Volatility Vs. Market

How volatile is Golden Matrix Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Golden Matrix Group undervalued compared to its fair value and its price relative to the market?

66.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GMGI ($7.03) is trading above our estimate of fair value ($2.24)

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


Price To Earnings Ratio

PE vs Industry: GMGI is poor value based on its PE Ratio (66.6x) compared to the US Entertainment industry average (26.8x).

PE vs Market: GMGI is poor value based on its PE Ratio (66.6x) compared to the US market (19.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: GMGI is overvalued based on its PB Ratio (54x) compared to the US Entertainment industry average (3.8x).


Next Steps

Future Growth

How is Golden Matrix Group forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

39.9%

Forecasted Media 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 Golden Matrix Group 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 Golden Matrix Group performed over the past 5 years?

41.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GMGI has high quality earnings.

Growing Profit Margin: GMGI became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GMGI has become profitable over the past 5 years, growing earnings by 41.3% per year.

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

Earnings vs Industry: GMGI has become profitable in the last year, making it difficult to compare its past year earnings growth to the Entertainment industry (33.7%).


Return on Equity

High ROE: GMGI's Return on Equity (81%) is considered outstanding.


Next Steps

Financial Health

How is Golden Matrix Group's financial position?


Financial Position Analysis

Short Term Liabilities: GMGI's short term assets ($3.7M) exceed its short term liabilities ($1.2M).

Long Term Liabilities: GMGI has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: GMGI's debt to equity ratio (8.7%) is considered satisfactory.

Reducing Debt: GMGI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: GMGI's debt is well covered by operating cash flow (743%).

Interest Coverage: GMGI's interest payments on its debt are well covered by EBIT (55.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Golden Matrix Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

High Dividend: Unable to evaluate GMGI'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 GMGI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if GMGI'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 GMGI'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?

2.7yrs

Average board tenure


CEO

Anthony Goodman (61 yo)

4.75yrs

Tenure

US$81,972

Compensation

Mr. Anthony Brian Goodman serves as President, Chief Executive Officer, Chairman of the Board, Secretary and Treasurer at Elray Gaming Inc since February 18, 2016. Mr. Goodman has been Chief Executive Offi...


CEO Compensation Analysis

Compensation vs Market: Anthony's total compensation ($USD81.97K) is below average for companies of similar size in the US market ($USD561.41K).

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


Board Members

NamePositionTenureCompensationOwnership
Anthony Goodman
Chairman4.75yrsUS$81.97k42.84%
$ 57.3m
Weiting Feng
CFO & Director4.75yrsUS$81.97k3.6%
$ 4.8m
Thomas McChesney
Lead Independent Director0.58yrno data0.92%
$ 1.2m
Barry Price
Head of Exploration Committee & Member of The Advisory Committee10.92yrsno datano data
Murray Smith
Director0.25yrno datano data
Aaron Johnston
Director0.25yrno datano data

2.7yrs

Average Tenure

67yo

Average Age

Experienced Board: GMGI's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

Golden Matrix Group, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Golden Matrix Group, Inc.
  • Ticker: GMGI
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Interactive Home Entertainment
  • Sector: Media
  • Market Cap: US$133.750m
  • Shares outstanding: 19.04m
  • Website: https://www.goldenmatrix.com

Number of Employees


Location

  • Golden Matrix Group, Inc.
  • 3651 Lindell Road
  • Suite D131
  • Las Vegas
  • Nevada
  • 89103
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GMGIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2009

Biography

Golden Matrix Group, Inc., a gaming technology company, develops and owns online gaming IP, and builds social gaming platforms for its customers located primarily in the Asia Pacific region. Its gaming IP ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/27 00:18
End of Day Share Price2020/11/25 00:00
Earnings2020/01/31
Annual Earnings2019/07/31


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.