888 Holdings PLC
LSE:888
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%.
Valuation Backtest
888 Holdings PLC
Run backtest to discover the historical profit from buying and selling 888 Holdings PLC stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Company Details Progress Amid Market Challenges
2023-Q2 Earnings Call
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.
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 |
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
What is Free Cash Flow?
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.
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.
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
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.
Shareholder Return
Price
888 Holdings PLC
Average Annual Return | 7.75% |
Standard Deviation of Annual Returns | 64.48% |
Max Drawdown | -89% |
Market Capitalization | 397m GBX |
Shares Outstanding | 447 368 358 |
Percentage of Shares Shorted | 210% |
News
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.
Sentiment Analysis
888 Holdings PLC
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
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%.