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Great Canadian Gaming

TSX:GC
Snowflake Description

Proven track record with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GC
TSX
CA$1B
Market Cap
  1. Home
  2. CA
  3. Consumer Services
Company description

Great Canadian Gaming Corporation operates as a gaming and entertainment company in Canada. The last earnings update was 33 days ago. More info.


Add to Portfolio Compare Print
  • Great Canadian Gaming has significant price volatility in the past 3 months.
GC Share Price and Events
7 Day Returns
-8.6%
TSX:GC
0.3%
CA Hospitality
2.5%
CA Market
1 Year Returns
-54.4%
TSX:GC
-25.6%
CA Hospitality
-24.8%
CA Market
GC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Great Canadian Gaming (GC) -8.6% -38% -46.6% -54.4% -8% -5.9%
CA Hospitality 0.3% -28.2% -34.6% -25.6% -12.1% -23.1%
CA Market 2.5% -20.8% -24.7% -24.8% -22.2% -17%
1 Year Return vs Industry and Market
  • GC underperformed the Hospitality industry which returned -25.6% over the past year.
  • GC underperformed the Market in Canada which returned -24.8% over the past year.
Price Volatility
GC
Industry
5yr Volatility vs Market

Value

 Is Great Canadian 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 Great Canadian 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 Great Canadian Gaming.

TSX:GC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

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 TSX:GC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 26.5%) (147.35%))
1.421
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.42
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (1.421 * 5.44%)
9.17%

Discounted Cash Flow Calculation for TSX:GC using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Great Canadian Gaming is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:GC DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.17%)
2020 -63.00 Analyst x1 -57.71
2021 103.00 Analyst x1 86.42
2022 77.70 Est @ -24.56% 59.71
2023 64.67 Est @ -16.76% 45.53
2024 57.37 Est @ -11.3% 36.99
2025 53.07 Est @ -7.48% 31.35
2026 50.53 Est @ -4.8% 27.33
2027 49.04 Est @ -2.93% 24.30
2028 48.25 Est @ -1.62% 21.90
2029 47.91 Est @ -0.7% 19.92
Present value of next 10 years cash flows CA$295.00
TSX:GC DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$47.91 × (1 + 1.44%) ÷ (9.17% – 1.44%)
CA$628.54
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$628.54 ÷ (1 + 9.17%)10
CA$261.34
TSX:GC Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$295.00 + CA$261.34
CA$556.34
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$556.34 / 55.30
CA$10.06
TSX:GC Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$10.06
Current discount Discount to share price of CA$22.46
= -1 x (CA$22.46 - CA$10.06) / CA$10.06
-123.2%

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

  • The current share price of Great Canadian 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 Great Canadian Gaming's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Great Canadian Gaming's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:GC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$3.00
TSX:GC Share Price ** TSX (2020-04-03) in CAD CA$22.46
Canada Hospitality Industry PE Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 9.57x
Canada Market PE Ratio Median Figure of 497 Publicly-Listed Companies 10.31x

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

** Primary Listing of Great Canadian Gaming.

TSX:GC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:GC Share Price ÷ EPS (both in CAD)

= 22.46 ÷ 3.00

7.49x

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

  • Great Canadian Gaming is good value based on earnings compared to the CA Hospitality industry average.
  • Great Canadian Gaming is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does Great Canadian Gaming's expected growth come at a high price?
Raw Data
TSX:GC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 7.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
Not available
North America Hospitality Industry PEG Ratio Median Figure of 52 Publicly-Listed Hospitality Companies 0.61x
Canada Market PEG Ratio Median Figure of 233 Publicly-Listed Companies 0.68x

*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 Great Canadian Gaming, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Great Canadian Gaming's assets?
Raw Data
TSX:GC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$9.53
TSX:GC Share Price * TSX (2020-04-03) in CAD CA$22.46
Canada Hospitality Industry PB Ratio Median Figure of 19 Publicly-Listed Hospitality Companies 0.78x
Canada Market PB Ratio Median Figure of 2,360 Publicly-Listed Companies 0.99x
TSX:GC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:GC Share Price ÷ Book Value per Share (both in CAD)

= 22.46 ÷ 9.53

2.36x

* Primary Listing of Great Canadian Gaming.

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

  • Great Canadian Gaming is overvalued based on assets compared to the CA Hospitality industry average.
X
Value checks
We assess Great Canadian 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. Great Canadian Gaming has a total score of 2/6, 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.

Future Performance

 How is Great Canadian Gaming expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

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
5.1%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Great Canadian Gaming expected to grow at an attractive rate?
  • Unable to compare Great Canadian Gaming's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Great Canadian Gaming's earnings growth to the Canada market average as no estimate data is available.
  • Great Canadian Gaming's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:GC Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:GC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 5.1%
North America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
Canada Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 7.3%
Canada Market Earnings Growth Rate Market Cap Weighted Average 5.1%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.4%

*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
TSX:GC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:GC Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,725 1
2021-12-31 1,359 503 4
2020-12-31 1,124 326 4
2020-04-05
TSX:GC Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,356 461 174
2019-09-30 1,371 419 160
2019-06-30 1,363 440 161
2019-03-31 1,303 431 154
2018-12-31 1,180 422 146
2018-09-30 999 357 133
2018-06-30 826 296 109
2018-03-31 692 231 95
2017-12-31 614 192 84
2017-09-30 606 189 87
2017-06-30 598 188 87
2017-03-31 578 182 83

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Great Canadian Gaming is high growth as no earnings estimate data is available.
  • Great Canadian Gaming's revenue is expected to grow by 5.1% yearly, however this is not considered high growth (20% yearly).
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
TSX:GC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Great Canadian Gaming Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GC Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-05
TSX:GC Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 3.00
2019-09-30 2.71
2019-06-30 2.70
2019-03-31 2.55
2018-12-31 2.40
2018-09-30 2.17
2018-06-30 1.78
2018-03-31 1.55
2017-12-31 1.38
2017-09-30 1.42
2017-06-30 1.43
2017-03-31 1.36

*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.
  • Great Canadian Gaming is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Great Canadian 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 North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada 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.
Great Canadian Gaming has a total score of 2/6, 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.

Past Performance

  How has Great Canadian 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 Great Canadian 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.
  • Great Canadian Gaming's year on year earnings growth rate has been positive over the past 5 years.
  • Great Canadian Gaming's 1-year earnings growth is less than its 5-year average (19.4% vs 19.6%)
  • Great Canadian Gaming's earnings growth has exceeded the CA Hospitality industry average in the past year (19.4% vs -4.2%).
Earnings and Revenue History
Great Canadian 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 Great Canadian Gaming Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:GC Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,355.60 174.40 382.40
2019-09-30 1,370.90 160.10 403.30
2019-06-30 1,362.50 161.20 410.50
2019-03-31 1,303.30 153.80 408.40
2018-12-31 1,179.80 146.10 372.50
2018-09-30 999.40 132.70 309.70
2018-06-30 826.30 108.80 253.60
2018-03-31 692.10 94.90 206.70
2017-12-31 614.30 84.30 183.90
2017-09-30 606.30 87.00 182.30
2017-06-30 598.10 87.00 175.80
2017-03-31 577.60 83.10 164.30
2016-12-31 566.40 75.70 160.70
2016-09-30 548.90 77.70 154.60
2016-06-30 513.80 72.60 142.50
2016-03-31 485.40 68.90 135.20
2015-12-31 462.90 74.60 124.10
2015-09-30 453.10 78.60 111.70
2015-06-30 449.10 76.70 110.40
2015-03-31 451.70 77.50 109.80
2014-12-31 446.50 78.40 106.40
2014-09-30 432.40 64.00 110.30
2014-06-30 423.20 57.40 108.30
2014-03-31 410.60 48.80 106.20
2013-12-31 407.30 63.10 105.90
2013-09-30 408.50 58.40 98.90
2013-06-30 407.20 44.20 98.50

*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.
  • Whilst Great Canadian Gaming has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Great Canadian Gaming used its assets more efficiently than the CA Hospitality industry average last year based on Return on Assets.
  • Great Canadian Gaming has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Great Canadian 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.
Great Canadian Gaming has a total score of 4/6, 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.

Health

 How is Great Canadian 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 Great Canadian Gaming's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Great Canadian Gaming is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Great Canadian Gaming's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Great Canadian 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.
  • Debt is not covered by short term assets, assets are 0.5x debt.
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 Great Canadian Gaming Company Filings, last reported 3 months ago.

TSX:GC Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 661.20 869.80 329.70
2019-09-30 732.50 670.60 309.80
2019-06-30 745.10 666.10 407.60
2019-03-31 648.50 603.90 304.00
2018-12-31 622.70 631.60 336.80
2018-09-30 720.30 705.70 579.50
2018-06-30 650.40 704.30 495.90
2018-03-31 551.20 607.90 391.70
2017-12-31 470.20 482.60 322.30
2017-09-30 454.90 482.30 289.40
2017-06-30 439.40 481.90 270.60
2017-03-31 415.90 481.60 247.60
2016-12-31 389.30 478.30 228.70
2016-09-30 370.90 478.00 195.90
2016-06-30 337.10 477.60 159.00
2016-03-31 392.30 477.30 214.80
2015-12-31 379.60 443.00 207.50
2015-09-30 392.40 442.80 291.30
2015-06-30 369.70 442.50 291.40
2015-03-31 426.00 442.30 339.50
2014-12-31 400.30 442.00 330.60
2014-09-30 372.20 441.70 271.60
2014-06-30 349.00 441.50 243.80
2014-03-31 327.70 441.20 204.70
2013-12-31 307.50 441.00 192.60
2013-09-30 308.70 440.70 169.30
2013-06-30 304.70 440.40 169.70
  • Great Canadian Gaming's level of debt (131.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (110.3% vs 131.5% today).
  • Debt is well covered by operating cash flow (53%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.9x coverage).
X
Financial health checks
We assess Great Canadian 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. Great Canadian 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.

Dividends

 What is Great Canadian 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 Great Canadian Gaming dividends.
If you bought CA$2,000 of Great Canadian Gaming shares you are expected to receive CA$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 Great Canadian Gaming's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Great Canadian 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
TSX:GC 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 4 Analyst Estimates (S&P Global) See Below
Canada Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 4.5%
Canada Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 4.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.5%

Industry and Market average data is calculated daily.

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

TSX:GC Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2020-04-05

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

  • Unable to perform a dividend volatility check as Great Canadian Gaming has not reported any payouts.
  • Unable to verify if Great Canadian Gaming's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Great Canadian Gaming's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Great Canadian 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 Great Canadian Gaming's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - 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 Great Canadian Gaming afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Great Canadian 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.

Management

 What is the CEO of Great Canadian 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
Rod Baker
COMPENSATION CA$10,643,072
AGE 53
TENURE AS CEO 8.5 years
CEO Bio

Mr. Rodney N. Baker, also known as Rod, has been the Chief Executive Officer of Great Canadian Gaming Corporation since October 11, 2011 and has been as its President from January 1, 2010 and also served as its Corporate Secretary. Mr. Baker served as an Interim Chief Executive Officer of Great Canadian Gaming Corp., from September 6, 2011 to October 11, 2011. He has a background in corporate restructuring, has assisted Great Canadian in a senior advisory role for eighteen months. He has been President of 2201358 Ontario Inc. since March 2009. Mr. Baker has been President of Ridgeline Corporation since October 1994. His contributions have greatly improved the Great Canadian Gaming Corp.'s financial position. Mr. Baker assumes oversight and management of Great Canadian’s operations and both evaluate and advance available business opportunities. He has been a Non-Independent Director of Great Canadian Gaming Corporation. since June 23, 2010.

CEO Compensation
  • Rod's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Rod's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Great Canadian Gaming management team in years:

1.8
Average Tenure
47.5
Average Age
  • The average tenure for the Great Canadian Gaming management team is less than 2 years, this suggests a new team.
Management Team

Rod Baker

TITLE
President
COMPENSATION
CA$11M
AGE
53
TENURE
8.5 yrs

Matt Newsome

TITLE
Vice President of Finance
COMPENSATION
CA$419K
AGE
40
TENURE
2.3 yrs

Matthew Anfinson

TITLE
Chief Operating Officer
COMPENSATION
CA$2M
AGE
39
TENURE
0.3 yrs

Terrance Doyle

TITLE
President of Strategic Growth & Chief Compliance Officer
COMPENSATION
CA$6M
AGE
46
TENURE
1.1 yrs

John Russo

TITLE
General Counsel
COMPENSATION
CA$771K
AGE
49
TENURE
1.4 yrs

Jackie Gorton

TITLE
Vice President of Technology & Enterprise Risk Management
TENURE
3.4 yrs

Walter Soo

TITLE
Executive Vice-President of Player & Gaming Development
COMPENSATION
CA$534K
TENURE
5.1 yrs

Craig DeMarta

TITLE
Executive Vice President of Operations – GTA
AGE
62
TENURE
1.3 yrs

G. Oliver

TITLE
Vice President of Great Canadian Casinos Inc
COMPENSATION
CA$78K

Andrea Lieuwen

TITLE
Financial Controller of River Rock Casino Resort
Board of Directors Tenure

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

8.3
Average Tenure
69
Average Age
  • The tenure for the Great Canadian Gaming board of directors is about average.
Board of Directors

Peter Meredith

TITLE
Independent Chairman
COMPENSATION
CA$263K
AGE
75
TENURE
4.8 yrs

Rod Baker

TITLE
President
COMPENSATION
CA$11M
AGE
53
TENURE
9.8 yrs

Thomas Gaffney

TITLE
Independent Director
COMPENSATION
CA$188K
AGE
69
TENURE
13.8 yrs

Larry Campbell

TITLE
Independent Director
COMPENSATION
CA$188K
AGE
71
TENURE
11.8 yrs

Mark Davis

TITLE
Independent Director
COMPENSATION
CA$188K
AGE
60
TENURE
6.8 yrs

Karen Keilty

TITLE
Independent Director
COMPENSATION
CA$188K
AGE
59
TENURE
5.3 yrs

Jacob Brouwer

TITLE
Member of the Advisory Board
COMPENSATION
CA$13K
AGE
92

Gordon Flatt

TITLE
Member of the Advisory Board
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
26. Nov 19 Sell Chuck Keeling Individual 25. Nov 19 25. Nov 19 -18,095 CA$42.35 CA$-766,323
14. Nov 19 Buy Karen Keilty Individual 13. Nov 19 13. Nov 19 1,000 CA$38.79 CA$38,790
25. Oct 19 Buy Garth Essery Individual 22. Oct 19 22. Oct 19 140 CA$41.44 CA$5,802
23. May 19 Buy Jacqueline Gorton Individual 21. May 19 21. May 19 500 CA$43.00 CA$21,502
09. May 19 Buy John Russo Individual 09. May 19 09. May 19 1,000 CA$43.41 CA$43,410
16. May 19 Buy David Desmarais Individual 16. May 19 16. May 19 500 CA$43.22 CA$21,605
14. May 19 Buy Christopher Roberts Individual 13. May 19 13. May 19 2,500 CA$41.37 CA$103,425
25. Apr 19 Sell Craig Betts Individual 25. Apr 19 25. Apr 19 -1,045 CA$52.82 CA$-55,197
X
Management checks
We assess Great Canadian 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. Great Canadian 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.

News

Simply Wall St News

How Great Canadian Gaming Corporation (TSE:GC) Can Impact Your Portfolio Volatility

Anyone researching Great Canadian Gaming Corporation (TSE:GC) might want to consider the historical volatility of the share price. … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market. … What this means for you: Beta only tells us that the Great Canadian Gaming share price is sensitive to broader market movements.

Simply Wall St -

Great Canadian Gaming Corporation's (TSE:GC) Earnings Grew 45%, Did It Beat Long-Term Trend?

Let's see whether it is only due to an industry uplift, or if Great Canadian Gaming has experienced some company-specific growth. … Furthermore, its return on assets (ROA) of 8.9% exceeds the CA Hospitality industry of 5.0%, indicating Great Canadian Gaming has used its assets more efficiently. … While Great Canadian Gaming has a good historical track record with positive growth and profitability, there's no certainty that this will extrapolate into the future.

Simply Wall St -

Should You Be Excited About Great Canadian Gaming Corporation's (TSE:GC) 36% Return On Equity?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Great Canadian Gaming: 36% = CA$155m ÷ CA$649m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does Great Canadian Gaming Have A Good Return On Equity? … Great Canadian Gaming's Debt And Its 36% ROE Great Canadian Gaming has a debt to equity ratio of 0.93, which is far from excessive.

Simply Wall St -

Does Great Canadian Gaming Corporation's (TSE:GC) CEO Pay Matter?

At the time of writing our data says that Great Canadian Gaming Corporation has a market cap of CA$2.6b, and is paying total annual CEO compensation of CA$6.2m. … Most shareholders would probably be pleased with Great Canadian Gaming Corporation for providing a total return of 140% over three years. … We examined the amount Great Canadian Gaming Corporation pays its CEO, and compared it to the amount paid by similar sized companies.

Simply Wall St -

At CA$44.32, Is Great Canadian Gaming Corporation (TSE:GC) Worth Looking At Closely?

I find that Great Canadian Gaming’s ratio of 17.27x is trading slightly below its industry peers’ ratio of 17.32x, which means if you buy Great Canadian Gaming today, you’d be paying a fair price for it. … Given that Great Canadian Gaming’s share is fairly volatile (i.e. its price movements are magnified relative to the rest of the market) this could mean the price can sink lower, giving us an opportunity to buy later on. … GC’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Need To Know: Great Canadian Gaming Corporation (TSE:GC) Insiders Have Been Selling Shares

For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' See our latest analysis for Great Canadian Gaming Great Canadian Gaming Insider Transactions Over The Last Year In the last twelve months, the biggest single sale by an insider was when the , Christopher Roberts, sold CA$1.3m worth of shares at a price of CA$51.27 per share. … Over the last year we saw more insider selling of Great Canadian Gaming shares, than buying. … Great Canadian Gaming Insiders Bought Stock Recently Over the last three months, we've seen significantly more insider buying, than insider selling, at Great Canadian Gaming.

Simply Wall St -

Read This Before Buying Great Canadian Gaming Corporation (TSE:GC) Shares

So we'll take a look at whether insiders have been buying or selling shares in Great Canadian Gaming Corporation (TSE:GC). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' Check out our latest analysis for Great Canadian Gaming Great Canadian Gaming Insider Transactions Over The Last Year The , Christopher Roberts, made the biggest insider sale in the last 12 months. … Great Canadian Gaming Insiders Bought Stock Recently At Great Canadian Gaming,over the last quarter, we have observed quite a lot more insider buying than insider selling.

Simply Wall St -

Announcing: Great Canadian Gaming (TSE:GC) Stock Increased An Energizing 148% In The Last Five Years

It hasn't been the best quarter for Great Canadian Gaming Corporation (TSE:GC) shareholders, since the share price has fallen 17% in that time. … During five years of share price growth, Great Canadian Gaming achieved compound earnings per share (EPS) growth of 29% per year. … A Different Perspective We regret to report that Great Canadian Gaming shareholders are down 25% for the year.

Simply Wall St -

Before You Buy Great Canadian Gaming Corporation (TSE:GC), Consider Its Volatility

If you own shares in Great Canadian Gaming Corporation (TSE:GC) then it's worth thinking about how it contributes to the volatility of your portfolio, overall. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … What this means for you: Beta only tells us that the Great Canadian Gaming share price is sensitive to broader market movements.

Simply Wall St -

Can We See Significant Institutional Ownership On The Great Canadian Gaming Corporation (TSE:GC) Share Register?

A look at the shareholders of Great Canadian Gaming Corporation (TSE:GC) can tell us which group is most powerful. … Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. … Great Canadian Gaming has a market capitalization of CA$2.9b, so we would expect some institutional investors to have noticed the stock.

Simply Wall St -

Company Info

Description

Great Canadian Gaming Corporation operates as a gaming and entertainment company in Canada. As of March 3, 2020, it operated 25 gaming, entertainment, and hospitality facilities in Ontario, British Columbia, New Brunswick, and Nova Scotia. Its facilities include approximately 16,000 slot machines, 575 table games, 71 dining amenities, and 500 hotel rooms. The company was founded in 1982 and is based in North York, Canada.

Details
Name: Great Canadian Gaming Corporation
GC
Exchange: TSX
Founded: 1982
CA$1,241,954,336
55,296,275
Website: http://www.gcgaming.com
Address: Great Canadian Gaming Corporation
39 Wynford Drive,
North York,
Ontario, M3C 3K5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX GC Common Shares The Toronto Stock Exchange CA CAD 08. Jun 1998
OTCPK GCGM.F Common Shares Pink Sheets LLC US USD 08. Jun 1998
DB K3W Common Shares Deutsche Boerse AG DE EUR 08. Jun 1998
Number of employees
Current staff
Staff numbers
9,700
Great Canadian Gaming employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 11:42
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/03/03
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.