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Gamenet Group

DB:8GG
Snowflake Description

Reasonable growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
8GG
DB
€391M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Gamenet Group S.p.A. engages in the gaming and betting business in Italy. The last earnings update was 105 days ago. More info.


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8GG Share Price and Events
7 Day Returns
0.6%
DB:8GG
-14.7%
DE Hospitality
-6.8%
DE Market
1 Year Returns
81.2%
DB:8GG
-9.7%
DE Hospitality
6.5%
DE Market
8GG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gamenet Group (8GG) 0.6% 0.5% 0.5% 81.2% - -
DE Hospitality -14.7% -10.6% -27.5% -9.7% -33.4% -39.1%
DE Market -6.8% -3.7% -3.6% 6.5% -2.6% -2.9%
1 Year Return vs Industry and Market
  • 8GG outperformed the Hospitality industry which returned -9.7% over the past year.
  • 8GG outperformed the Market in Germany which returned 6.5% over the past year.
Price Volatility
8GG
Industry
5yr Volatility vs Market

Value

 Is Gamenet Group 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 Gamenet Group 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 Gamenet Group.

DB:8GG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 12.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:8GG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 8.2%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.9
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.902 (1 + (1- 24%) (131.33%))
1.537
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.54
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.537 * 8.23%)
12.26%

Discounted Cash Flow Calculation for DB:8GG using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gamenet Group 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.

DB:8GG DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 12.26%)
2020 59.00 Analyst x2 52.56
2021 60.50 Analyst x2 48.01
2022 49.19 Est @ -18.7% 34.77
2023 42.69 Est @ -13.2% 26.88
2024 38.70 Est @ -9.36% 21.71
2025 36.12 Est @ -6.67% 18.05
2026 34.39 Est @ -4.79% 15.31
2027 33.20 Est @ -3.47% 13.16
2028 32.35 Est @ -2.54% 11.43
2029 31.74 Est @ -1.9% 9.99
Present value of next 10 years cash flows €251.00
DB:8GG DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €31.74 × (1 + -0.39%) ÷ (12.26% – -0.39%)
€249.94
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €249.94 ÷ (1 + 12.26%)10
€78.64
DB:8GG Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €251.00 + €78.64
€329.64
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €329.64 / 30.00
€10.99
DB:8GG Discount to Share Price
Calculation Result
Value per share (EUR) From above. €10.99
Current discount Discount to share price of €12.94
= -1 x (€12.94 - €10.99) / €10.99
-17.8%

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

  • The current share price of Gamenet Group 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 Gamenet Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gamenet Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:8GG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €0.58
DB:8GG Share Price ** DB (2020-02-24) in EUR €12.94
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 25.18x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 19.97x

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

** Primary Listing of Gamenet Group.

DB:8GG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= DB:8GG Share Price ÷ EPS (both in EUR)

= 12.94 ÷ 0.58

22.35x

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

  • Gamenet Group is good value based on earnings compared to the DE Hospitality industry average.
  • Gamenet Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Gamenet Group's expected growth come at a high price?
Raw Data
DB:8GG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
26.8%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 0.81x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.5x

*Line of best fit is calculated by linear regression .

DB:8GG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.35x ÷ 26.8%

0.83x

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

  • Gamenet Group is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Gamenet Group's assets?
Raw Data
DB:8GG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €0.76
DB:8GG Share Price * DB (2020-02-24) in EUR €12.94
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 2.22x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.77x
DB:8GG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= DB:8GG Share Price ÷ Book Value per Share (both in EUR)

= 12.94 ÷ 0.76

17x

* Primary Listing of Gamenet Group.

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

  • Gamenet Group is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Gamenet Group'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. Gamenet Group 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 Gamenet Group expected to perform in the next 1 to 3 years based on estimates from 3 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
26.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gamenet Group expected to grow at an attractive rate?
  • Gamenet Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Gamenet Group's earnings growth is expected to exceed the Germany market average.
  • Gamenet Group's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:8GG Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:8GG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 26.8%
DB:8GG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 2%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.7%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 2.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5.1%

*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
DB:8GG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:8GG Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 759 54 1
2021-12-31 785 49 3
2020-12-31 757 45 3
2019-12-31 731 29 1
DB:8GG Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 735 141 17
2019-06-30 706 135 23
2019-03-31 675 104 10
2018-12-31 646 84 6
2018-09-30 611 75 -4
2018-06-30 612 77 -3
2018-03-31 613 78 2
2017-12-31 619 70 2
2017-09-30 617 57 -4
2017-06-30 622 67 -3
2017-03-31 592 39 -2
2016-12-31 540 42 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gamenet Group's earnings are expected to grow significantly at over 20% yearly.
  • Gamenet Group's revenue is expected to grow by 2% 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
DB:8GG 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 3 Analyst Estimates (S&P Global) See Below

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

DB:8GG Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31
DB:8GG Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 0.58
2019-06-30 0.77
2019-03-31 0.35
2018-12-31 0.21
2018-09-30 -0.10
2018-06-30 -0.11
2018-03-31 0.08
2017-12-31 0.06
2017-09-30 -0.15
2017-06-30 -0.11
2017-03-31 -0.09
2016-12-31 -0.13

*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.
  • Gamenet Group is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Gamenet Group'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Gamenet Group has a total score of 4/6, 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 Gamenet Group 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 Gamenet Group'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.
  • Gamenet Group's year on year earnings growth rate has been positive over the past 5 years.
  • Gamenet Group has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Gamenet Group has become profitable in the last year making it difficult to compare the DE Hospitality industry average.
Earnings and Revenue History
Gamenet Group'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 Gamenet Group Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:8GG Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 735.21 16.88 15.77
2019-06-30 705.76 23.01 17.84
2019-03-31 675.32 10.49 20.80
2018-12-31 646.15 6.31 22.92
2018-09-30 610.80 -4.24 24.90
2018-06-30 612.25 -3.25 23.85
2018-03-31 612.76 2.49 22.17
2017-12-31 619.31 1.86 19.78
2017-09-30 617.28 -3.82 14.20
2017-06-30 622.27 -3.29 13.48
2017-03-31 591.88 -1.90 10.91
2016-12-31 540.01 -2.13 9.37
2016-09-30 479.01 2.91 11.67
2016-06-30 451.33 5.37 9.95
2016-03-31 455.66 6.23 8.78
2015-12-31 474.94 6.94 7.22
2015-09-30 512.04 4.96 3.27
2015-06-30 517.23 1.79 3.37
2015-03-31 524.67 4.32 3.26
2014-12-31 504.11 6.72 7.02
2014-09-30 533.66 6.24 6.28
2014-06-30 530.95 -42.02 5.55
2014-03-31 533.05 -38.83 4.95
2013-12-31 540.03 -33.13 4.44
2013-09-30 569.46 -32.44 5.04
2013-06-30 599.40 22.48 5.04
2013-03-31 636.28 23.45 5.14

*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 Gamenet Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%), this is metric is skewed due to its high level of debt.
  • Gamenet Group used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Gamenet Group's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Gamenet Group'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.
Gamenet Group has a total score of 2/6, 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 Gamenet Group'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 Gamenet Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gamenet Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Gamenet Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gamenet Group'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.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.4x 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 Gamenet Group Company Filings, last reported 4 months ago.

DB:8GG Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 26.41 481.31 90.79
2019-06-30 39.10 480.95 106.19
2019-03-31 54.88 482.96 78.29
2018-12-31 49.49 481.47 74.92
2018-09-30 37.27 474.03 287.30
2018-06-30 39.47 238.07 67.39
2018-03-31 64.61 222.67 44.92
2017-12-31 68.74 215.73 52.69
2017-09-30 67.54 207.84 41.80
2017-06-30 66.39 209.85 57.56
2017-03-31 66.17 223.50 32.65
2016-12-31 65.89 221.98 50.33
2016-09-30
2016-06-30 3.54 207.95 37.39
2016-03-31 21.73 202.48 36.51
2015-12-31 4.47 208.77 52.69
2015-09-30 23.31 202.57 31.21
2015-06-30 18.80 206.17 35.09
2015-03-31 18.32 211.69 22.30
2014-12-31 -8.01 211.59 33.03
2014-09-30 11.55 202.64 10.12
2014-06-30 10.63 206.24 18.12
2014-03-31 7.60 220.61 5.76
2013-12-31 6.46 212.40 7.20
2013-09-30 5.30 202.71 84.32
2013-06-30 52.65 110.17 5.10
2013-03-31 46.66 137.50 10.53
  • Gamenet Group's level of debt (1822.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1788.5% vs 1822.3% today).
  • Debt is well covered by operating cash flow (29.3%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Gamenet Group'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. Gamenet Group has a total score of 2/6, 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 Gamenet Group'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 Gamenet Group dividends.
If you bought €2,000 of Gamenet Group 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 Gamenet Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gamenet Group'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
DB:8GG 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 3 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 333 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

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

DB:8GG Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31
2019-12-31

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

  • Unable to perform a dividend volatility check as Gamenet Group has not reported any payouts.
  • Unable to verify if Gamenet Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gamenet Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gamenet Group 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 Gamenet Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Gamenet Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gamenet Group 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 Gamenet Group'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
Guglielmo Angelozzi
AGE 47
TENURE AS CEO 3.6 years
CEO Bio

Mr. Guglielmo Angelozzi serves Chief Executive Officer of Gamenet Group S.p.A. since September 13, 2017 and July 1, 2016 respectively and serves as Managing Director. Mr. Angelozzi serves as the Chief Executive Officer of Gamenet S.p.A. Mr. Angelozzi served as General Manager at Gamenet Group S.p.A. Mr. Angelozzi serves as the Chairman and Chief Executive Officer of Lottomatica Videolot Rete S.p.A. He began his career with Andersen Consulting (Now, Accenture) where he worked in a number of consulting projects in the Government (International Institutions) and ICT sectors. In 2003 he joined Bain & Company where he managed several projects in the Entertainment, Media, ICT and Pharmaceuticals sectors. In 2008 he joined Lottomatica (also known as IGT), where he served as Senior Vice President of Gaming Machines & Online and Chief Executive Officer of a number of Lottomatica's subsidiaries. He serves as a Director of Gamenet Group S.p.A. since June 21, 2016 and Gamenet S.p.A. He serves as Chairman of ACADI, the association of gaming State Concessionaires which is part of Confindustria. Mr. Angelozzi served as Vice Chairman of ACADI. He graduated in Engineering at Bologna University and achieved a Master’s in Business Administration from SDA Bocconi in Milan.

CEO Compensation
  • Insufficient data for Guglielmo to compare compensation growth.
  • Insufficient data for Guglielmo to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Gamenet Group management team in years:

5.8
Average Tenure
49
Average Age
  • The average tenure for the Gamenet Group management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Guglielmo Angelozzi

TITLE
CEO & Director
AGE
47
TENURE
3.6 yrs

Mario Bruno

TITLE
Chief Financial Officer
AGE
54
TENURE
8.1 yrs

Fabio De Santis

TITLE
Chief Technology Officer

Josef Mastragostino

TITLE
Head of Investor Relations
TENURE
2.3 yrs

Oronzo Gonnella

TITLE
Manager of Regulatory Compliance & Anti-Money Laundering
AGE
43
TENURE
8.1 yrs

Marco Ambrosino

TITLE
Head of Gaming Machines Business & Sales

Giovanni Barbieri

TITLE
Head of M&A
AGE
51

Maila Pietrangeli

TITLE
Head of Retail Business & Distribution Network Delivery

Gennaro Schettino

TITLE
Head of External Relations & Communication

Sabrina Lai

TITLE
Head of Group Integration
Board of Directors Tenure

Average tenure and age of the Gamenet Group board of directors in years:

3.7
Average Tenure
49
Average Age
  • The tenure for the Gamenet Group board of directors is about average.
Board of Directors

Guglielmo Angelozzi

TITLE
CEO & Director
AGE
47
TENURE
3.7 yrs

Maurizio De Magistris

TITLE
Chairman of Board of Statutory Auditors
AGE
61

Claudia Ricchetti

TITLE
Independent Director
AGE
54
TENURE
2.2 yrs

Camilla Ciambellotti

TITLE
Lead Independent Director
AGE
49
TENURE
2.1 yrs

Giacinto D'Onofrio

TITLE
Non-Executive Director
AGE
45
TENURE
3.7 yrs

Marco Conte

TITLE
Non-Executive Director
AGE
37
TENURE
3.7 yrs

Giacomo Morano

TITLE
Non-Executive Director
AGE
39
TENURE
3.7 yrs

Paolo Agrifoglio

TITLE
Director
AGE
53

Nikolaos Nikolakopoulos

TITLE
Director

Andrea Collalti

TITLE
Statutory Auditor
AGE
53
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 (€) Value (€)
18. Feb 20 Buy Apollo Global Management, Inc. Company 17. Jan 20 14. Feb 20 2,777,290 €13.30 €36,548,824
20. Dec 19 Sell Intralot S.A. Integrated Lottery Systems and Services Company 16. Dec 19 16. Dec 19 -4,800,000 €13.00 €-62,400,001
19. Dec 19 Sell TCP Lux Eurinvest Sàrl Company 16. Dec 19 16. Dec 19 -8,600,000 €13.00 €-111,800,003
16. Dec 19 Buy Apollo Global Management, Inc. Company 19. Nov 19 12. Dec 19 692,888 €13.00 €8,968,447
28. May 19 Sell TCP Lux Eurinvest Sàrl Company 22. May 19 22. May 19 -4,500,000 €8.35 €-37,574,998
X
Management checks
We assess Gamenet Group'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. Gamenet Group 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

Company Info

Description

Gamenet Group S.p.A. engages in the gaming and betting business in Italy. The company operates through four segments: Amusement With Prize (AWP), Video Lottery Terminal (VLT), Betting and Online, and Retail and Street Operations. Its AWPs are represented by traditional slot machines. The company engages in the betting and online games, such as poker, casino games, bingo, horse racing, bingo and prediction games, and other sports betting. As of December 31, 2018, its distribution network included 1,732 betting rights; 8,570 VLT licenses; 29,972 AWP operating permits; and 759 gaming halls, of which 70 are directly managed. The company was founded in 2006 and is based in Rome, Italy.

Details
Name: Gamenet Group S.p.A.
8GG
Exchange: DB
Founded: 2006
€390,600,000
30,000,000
Website: http://www.gamenetgroup.it
Address: Gamenet Group S.p.A.
Via degli Aldobrandeschi, 300,
Rome,
Rome, 00163,
Italy
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
DB 8GG Class A Shares Deutsche Boerse AG DE EUR 06. Dec 2017
LSE 0TDK Class A Shares London Stock Exchange GB EUR 06. Dec 2017
BATS-CHIXE GAMEM Class A Shares BATS 'Chi-X Europe' GB EUR 06. Dec 2017
Number of employees
Current staff
Staff numbers
713
Gamenet Group employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/27 23:46
End of day share price update: 2020/02/24 00:00
Last estimates confirmation: 2020/02/17
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


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.