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888 Holdings PLC
LSE:888

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888 Holdings PLC Logo
888 Holdings PLC
LSE:888
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Price: 88.5 GBX -0.56%
Updated: Mar 28, 2024

Intrinsic Value

888 Holdings Plc engages in the provision of online gaming entertainment and solutions. [ Read More ]

The intrinsic value of one 888 Holdings PLC stock under the Base Case scenario is 438.5 GBX. Compared to the current market price of 88.5 GBX, 888 Holdings PLC is Undervalued by 80%.

Key Points:
Intrinsic Value
Base Case
438.5 GBX
Undervaluation 80%
Intrinsic Value
Price
Base Case Scenario

Valuation Backtest
888 Holdings PLC

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Fundamental Analysis

Company Details Progress Amid Market Challenges
2023-Q2 Earnings Call

Company Details Progress Amid Market Challenges

The company is navigating a complex industry with aggressive actions to improve its financial health and operations. They've made notable strides by delivering an additional £66 million in cash synergies, targeting a run rate of £115 million a year ahead of schedule by 2024. Adjusted EBITDA grew by 9% year-on-year to £156 million, although just under the 20% margin guidance. The focus on a more sustainable, locally regulated revenue mix is showing effects with a 7% revenue decline in H1 2023 but sets a strong growth base. The company reduced leverage from 5.6x to 5.1x and aims to close the year just below 5x, with a goal of falling below 3.5x by 2025. For 2023, they anticipate delivering an adjusted EBITDA margin of 20% and remain dedicated to disciplined capital allocation and debt reduction.

Financials

Balance Sheet Decomposition
888 Holdings PLC

Current Assets 445.8m
Cash & Short-Term Investments 318m
Receivables 124.4m
Other Current Assets 3.4m
Non-Current Assets 2.4B
Long-Term Investments 40.3m
PP&E 181m
Intangibles 2.1B
Other Non-Current Assets 22.6m
Current Liabilities 636.5m
Accounts Payable 358.8m
Other Current Liabilities 277.7m
Non-Current Liabilities 2B
Long-Term Debt 1.7B
Other Non-Current Liabilities 321.6m
Efficiency

Earnings Waterfall
888 Holdings PLC

Revenue
1.8B GBP
Cost of Revenue
-617.9m GBP
Gross Profit
1.2B GBP
Operating Expenses
-1.1B GBP
Operating Income
115m GBP
Other Expenses
-280m GBP
Net Income
-165m GBP

Free Cash Flow Analysis
888 Holdings PLC

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
Components
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Table
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Fundamental Scores

Profitability Score
Profitability Due Diligence

888 Holdings PLC's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Exceptional 3-Years Revenue Growth
Positive 3-Year Average ROIC
Exceptional 1-Year Revenue Growth
52/100
Profitability
Score

888 Holdings PLC's profitability score is 52/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

888 Holdings PLC's solvency score is 17/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Short-Term Solvency
Positive Net Debt
High D/E
17/100
Solvency
Score

888 Holdings PLC's solvency score is 17/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
888 Holdings PLC

Wall Street analysts forecast 888 Holdings PLC stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for 888 Holdings PLC is 135.95 GBX with a low forecast of 82.82 GBX and a high forecast of 183.75 GBX.

Lowest
Price Target
82.82 GBX
6% Downside
Average
Price Target
135.95 GBX
54% Upside
Highest
Price Target
183.75 GBX
108% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Shareholder Return

Price
888 Holdings PLC

1M 1M
+1%
6M 6M
-9%
1Y 1Y
+63%
3Y 3Y
-78%
5Y 5Y
-37%
10Y 10Y
+0%
Annual Price Range
88.5
52w Low
51.65
52w High
130.1
Price Metrics
Average Annual Return 7.75%
Standard Deviation of Annual Returns 64.48%
Max Drawdown -89%
Shares Statistics
Market Capitalization 397m GBX
Shares Outstanding 447 368 358
Percentage of Shares Shorted 210%

Return Decomposition
Main factors of price return

What is price return decomposition?

News

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Last Important Events
888 Holdings PLC

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

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Sentiment Analysis
888 Holdings PLC

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Last 7 Days 7D
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Last 90 Days 90D

Company Profile

888 Holdings PLC Logo
888 Holdings PLC

Country

Gibraltar

Industry

Hotels, Restaurants & Leisure

Market Cap

397m GBP

Dividend Yield

0%

Description

888 Holdings Plc engages in the provision of online gaming entertainment and solutions. The company employs 1,764 full-time employees The company went IPO on 2005-09-29. The firm is the owner of software solutions providing a range of virtual online gaming services over the Internet, including casino and games, poker, bingo, sport, emerging offerings and brand licensing revenue on third party platforms. Its segments include B2C (Business to Customer) and B2B (Business to Business). The B2C (Business to Customer) segment includes casino and games, poker, bingo and emerging offering. The B2B (Business to Business) segment offers total gaming services under the Dragonfish trading brand. Dragonfish offers to its business partners use of technology, software, operations, e-payments and marketing services, through the provision of offline/online marketing, management of affiliates, search engine optimization (SEO), customer relationship management (CRM) and business analytics. The firm provides payment services, customer support and online advertising.

Contact

Suite 601/701, Europort Road, Europort
+35020049800.0
https://corporate.888.com/

IPO

2005-09-29

Employees

1 764

Officers

Chief Executive Officer
Mr. Per Widerstrom
Chief Financial Officer
Mr. Sean Wilkins ACMA, BA
Chief Operations Officer
Ms. Elena Chambers
Chief Product & Technology Officer
Ms. Anna Barsby
Director of Investor Relations
James Finney
Chief People Officer
Mr. Mark Skinner
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Chief Strategy Officer
Mr. Vaughan Christopher Hugh Lewis
President of 888 US
Mr. Howard Mittman
UK & Ireland MD
Mr. Phil Walker
Chief Risk Officer
Mr. Harinder Gill
Show Less

See Also

Discover More
What is the Intrinsic Value of one 888 Holdings PLC stock?

The intrinsic value of one 888 Holdings PLC stock under the Base Case scenario is 438.5 GBX.

Is 888 Holdings PLC stock undervalued or overvalued?

Compared to the current market price of 88.5 GBX, 888 Holdings PLC is Undervalued by 80%.