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Intralot Integrated Lottery Systems and Services

DB:9IL
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
9IL
DB
€20M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Intralot S.A. Integrated Lottery Systems and Services supplies integrated gaming and transaction processing systems, game content, sports betting management, and interactive gaming services to state-licensed gaming organizations worldwide. The last earnings update was 129 days ago. More info.


Add to Portfolio Compare Print
  • Intralot Integrated Lottery Systems and Services has significant price volatility in the past 3 months.
9IL Share Price and Events
7 Day Returns
12.7%
DB:9IL
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-75.6%
DB:9IL
-48.1%
DE Hospitality
-20.9%
DE Market
9IL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Intralot Integrated Lottery Systems and Services (9IL) 12.7% -6.2% -64.7% -75.6% -89.4% -91.4%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • 9IL underperformed the Hospitality industry which returned -48.1% over the past year.
  • 9IL underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
9IL
Industry
5yr Volatility vs Market

9IL Value

 Is Intralot Integrated Lottery Systems and Services 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 Intralot Integrated Lottery Systems and Services 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 Intralot Integrated Lottery Systems and Services.

DB:9IL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 27%
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:9IL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 13.7%
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- 29%) (3906.35%))
15.386
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 13.68%)
26.97%

Discounted Cash Flow Calculation for DB:9IL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Intralot Integrated Lottery Systems and Services 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:9IL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 26.97%)
2020 19.07 Est @ -2.25% 15.02
2021 18.75 Est @ -1.7% 11.63
2022 18.50 Est @ -1.3% 9.04
2023 18.31 Est @ -1.03% 7.05
2024 18.16 Est @ -0.84% 5.50
2025 18.03 Est @ -0.7% 4.30
2026 17.92 Est @ -0.61% 3.37
2027 17.82 Est @ -0.54% 2.64
2028 17.73 Est @ -0.5% 2.07
2029 17.65 Est @ -0.47% 1.62
Present value of next 10 years cash flows €62.00
DB:9IL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €17.65 × (1 + -0.39%) ÷ (26.97% – -0.39%)
€64.26
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €64.26 ÷ (1 + 26.97%)10
€5.90
DB:9IL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €62.00 + €5.90
€67.90
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €67.90 / 147.76
€0.46
DB:9IL Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:9IL represents 0.97744x of ATSE:INLOT
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.97744x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (EUR) x Listing Adjustment Factor
= € 0.46 x 0.97744
€0.45
Value per share (EUR) From above. €0.45
Current discount Discount to share price of €0.13
= -1 x (€0.13 - €0.45) / €0.45
71.1%

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

Current Discount
Amount off the current price Intralot Integrated Lottery Systems and Services is available for.
Intrinsic value
>50%
Share price is €0.13 vs Future cash flow value of €0.44917
Current Discount Checks
For Intralot Integrated Lottery Systems and Services to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Intralot Integrated Lottery Systems and Services's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Intralot Integrated Lottery Systems and Services's share price is below the future cash flow value, and at a substantial discount (> 40%).
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 Intralot Integrated Lottery Systems and Services's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Intralot Integrated Lottery Systems and Services's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:9IL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in EUR €-0.56
ATSE:INLOT Share Price ** ATSE (2020-04-03) in EUR €0.13
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

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

** Primary Listing of Intralot Integrated Lottery Systems and Services.

DB:9IL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ATSE:INLOT Share Price ÷ EPS (both in EUR)

= 0.13 ÷ -0.56

-0.24x

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

  • Intralot Integrated Lottery Systems and Services is loss making, we can't compare its value to the DE Hospitality industry average.
  • Intralot Integrated Lottery Systems and Services is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Intralot Integrated Lottery Systems and Services's expected growth come at a high price?
Raw Data
DB:9IL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.24x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*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 Intralot Integrated Lottery Systems and Services, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Intralot Integrated Lottery Systems and Services's assets?
Raw Data
DB:9IL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in EUR €-0.12
ATSE:INLOT Share Price * ATSE (2020-04-03) in EUR €0.13
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:9IL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ATSE:INLOT Share Price ÷ Book Value per Share (both in EUR)

= 0.13 ÷ -0.12

-1.14x

* Primary Listing of Intralot Integrated Lottery Systems and Services.

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

  • Intralot Integrated Lottery Systems and Services has negative assets, we can't compare the value of its assets to the DE Hospitality industry average.
X
Value checks
We assess Intralot Integrated Lottery Systems and Services'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. Intralot Integrated Lottery Systems and Services 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.

9IL Future Performance

 How is Intralot Integrated Lottery Systems and Services expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 Intralot Integrated Lottery Systems and Services 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
28.9%
Expected Hospitality industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Intralot Integrated Lottery Systems and Services expected to grow at an attractive rate?
  • Unable to compare Intralot Integrated Lottery Systems and Services's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Intralot Integrated Lottery Systems and Services's earnings growth to the Germany market average as no estimate data is available.
  • Unable to compare Intralot Integrated Lottery Systems and Services's revenue growth to the Germany market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
DB:9IL Future Growth Rates Data Sources
Data Point Source Value (per year)
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*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:9IL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:9IL Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
DB:9IL Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-09-30 830 103 -82
2019-06-30 840 101 -82
2019-03-31 853 72 -63
2018-12-31 871 89 -59
2018-09-30 733 94 -54
2018-06-30 805 114 -52
2018-03-31 872 151 -64
2017-12-31 931 154 -64
2017-09-30 829 167 -64
2017-06-30 889 159 -75
2017-03-31 956 166 -71
2016-12-31 992 168 -74

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Intralot Integrated Lottery Systems and Services is high growth as no earnings estimate data is available.
  • Unable to determine if Intralot Integrated Lottery Systems and Services is high growth as no revenue estimate data is available.
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:9IL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Intralot Integrated Lottery Systems and Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9IL Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
DB:9IL Past Financials Data
Date (Data in EUR Millions) EPS *
2019-09-30 -0.56
2019-06-30 -0.55
2019-03-31 -0.42
2018-12-31 -0.38
2018-09-30 -0.35
2018-06-30 -0.33
2018-03-31 -0.41
2017-12-31 -0.41
2017-09-30 -0.40
2017-06-30 -0.47
2017-03-31 -0.45
2016-12-31 -0.47

*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.
  • Unable to establish if Intralot Integrated Lottery Systems and Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Intralot Integrated Lottery Systems and Services's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Consumer Services companies here
  2. Intralot Integrated Lottery Systems and Services's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Intralot Integrated Lottery Systems and Services'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.
Intralot Integrated Lottery Systems and Services has a total score of 0/6, 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.

9IL Past Performance

  How has Intralot Integrated Lottery Systems and Services 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 Intralot Integrated Lottery Systems and Services'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.
  • Intralot Integrated Lottery Systems and Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Intralot Integrated Lottery Systems and Services's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Intralot Integrated Lottery Systems and Services's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Intralot Integrated Lottery Systems and Services'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 Intralot Integrated Lottery Systems and Services Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:9IL Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 829.71 -82.40 123.69 3.14
2019-06-30 839.84 -81.75 120.82 3.10
2019-03-31 852.81 -62.68 116.88 3.34
2018-12-31 870.83 -58.57 112.59 3.72
2018-09-30 732.56 -54.41 96.81 4.85
2018-06-30 804.96 -52.35 102.96 6.29
2018-03-31 872.36 -64.34 109.95 5.98
2017-12-31 930.60 -63.82 115.48 6.15
2017-09-30 828.78 -63.61 118.71 5.38
2017-06-30 889.38 -74.57 122.18 4.67
2017-03-31 955.52 -70.85 123.50 4.47
2016-12-31 991.55 -74.22 126.01 4.64
2016-09-30 1,297.99 -38.35 145.70 4.93
2016-06-30 1,253.40 -34.23 142.69 4.41
2016-03-31 1,214.44 -44.49 143.96 5.78
2015-12-31 1,235.47 -41.71 146.34 6.06
2015-09-30 1,418.62 -54.16 159.97 5.65
2015-06-30 1,566.60 -48.18 168.33 7.10
2015-03-31 1,733.47 -47.77 180.25 7.27
2014-12-31 1,853.16 -49.55 185.65 7.22
2014-09-30 1,788.98 -37.16 170.52 8.07
2014-06-30 1,727.70 -31.19 169.51 7.91
2014-03-31 1,629.38 -17.92 163.29 7.17
2013-12-31 1,539.43 -4.57 162.28 6.98
2013-09-30 1,453.02 5.48 164.73 8.56
2013-06-30 1,403.90 3.20 168.26 8.42

*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.
  • It is difficult to establish if Intralot Integrated Lottery Systems and Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
  • It is difficult to establish if Intralot Integrated Lottery Systems and Services has efficiently used its assets last year compared to the DE Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Intralot Integrated Lottery Systems and Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Intralot Integrated Lottery Systems and Services'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.
Intralot Integrated Lottery Systems and Services has a total score of 0/6, 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.

9IL Health

 How is Intralot Integrated Lottery Systems and Services'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 Intralot Integrated Lottery Systems and Services's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Intralot Integrated Lottery Systems and Services is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Intralot Integrated Lottery Systems and Services's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Intralot Integrated Lottery Systems and Services'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.
  • Intralot Integrated Lottery Systems and Services has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
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 Intralot Integrated Lottery Systems and Services Company Filings, last reported 6 months ago.

DB:9IL Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 -9.32 747.37 133.72
2019-06-30 -4.28 763.48 128.71
2019-03-31 22.96 763.52 133.72
2018-12-31 34.45 774.23 163.10
2018-09-30 40.62 745.89 152.03
2018-06-30 61.49 763.04 195.68
2018-03-31 60.08 749.30 224.21
2017-12-31 89.79 745.92 238.96
2017-09-30 142.78 983.60 489.98
2017-06-30 152.98 662.81 147.21
2017-03-31 171.58 667.81 160.55
2016-12-31 196.49 657.17 164.40
2016-09-30 189.15 924.00 392.79
2016-06-30 208.26 720.86 213.09
2016-03-31 179.29 730.97 253.54
2015-12-31 207.38 745.46 276.61
2015-09-30 225.70 744.82 272.32
2015-06-30 264.92 741.52 340.23
2015-03-31 334.81 764.14 388.71
2014-12-31 317.54 778.32 417.32
2014-09-30 329.92 589.72 200.01
2014-06-30 318.96 594.52 207.11
2014-03-31 331.34 538.57 150.26
2013-12-31 343.74 515.95 147.49
2013-09-30 371.44 561.07 153.79
2013-06-30 382.51 531.31 163.08
  • Intralot Integrated Lottery Systems and Services has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
  • Irrelevant to check if Intralot Integrated Lottery Systems and Services's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Whilst loss making Intralot Integrated Lottery Systems and Services has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
  • Whilst loss making Intralot Integrated Lottery Systems and Services has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 8.4% per year.
X
Financial health checks
We assess Intralot Integrated Lottery Systems and Services'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. Intralot Integrated Lottery Systems and Services 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.

9IL Dividends

 What is Intralot Integrated Lottery Systems and Services'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 Intralot Integrated Lottery Systems and Services dividends.
If you bought €2,000 of Intralot Integrated Lottery Systems and Services 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 Intralot Integrated Lottery Systems and Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Intralot Integrated Lottery Systems and Services'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:9IL 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 0 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

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

DB:9IL Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
DB:9IL Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2015-08-14 0.000 0.000
2015-05-28 0.000 0.000
2015-03-31 0.000 0.000
2014-11-10 0.000 0.000
2013-03-28 0.003 0.138
2012-03-30 0.004 0.310
2012-03-29 0.004 0.503
2011-03-30 0.005 0.459
2011-03-29 0.005 0.184
2010-06-10 0.150 5.370

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

  • Unable to perform a dividend volatility check as Intralot Integrated Lottery Systems and Services has not reported any payouts.
  • Unable to verify if Intralot Integrated Lottery Systems and Services's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Intralot Integrated Lottery Systems and Services's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Intralot Integrated Lottery Systems and Services 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 Intralot Integrated Lottery Systems and Services's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 Intralot Integrated Lottery Systems and Services afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Intralot Integrated Lottery Systems and Services 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.

9IL Management

 What is the CEO of Intralot Integrated Lottery Systems and Services'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
Christos Dimitriadis
TENURE AS CEO 0.1 years
CEO Bio

Mr. Christos K. Dimitriadis, Ph.D., CISA, CISM, CRISC, has been Group Chief Executive Officer and Executive Director at Intralot S.A. Integrated Lottery Systems and Services since March 09, 2020 and had been its Group Chief Services and Delivery Officer since 2019 until March 09, 2020. Mr. Dimitriadis joined Intralot in 2007. Mr. Dimitriadis has been International President at ISACA since 2015. Mr. Dimitriadis serves as Group Director of Information Security for INTRALOT (Greece). He has been working in the area of information security for 14 years, having run technology transformation projects and developed innovation frameworks. He has served ISACA as International Vice President for three terms. He has been a Director at ISACA since 2015 and had been its Chairman. He has also served as a Member of the Permanent Stakeholders Group (PSG) of the European Network and Information Security Agency (ENISA) from 2012 to 2015. He chaired the Knowledge Board, the COBIT for Security Task Force, and has been a member of the Relations Board and Business Model for Information Security Workgroup. He holds 3 patents and 6 awards. He holds two patents in fraud prevention and game design and has authored more than 110 publications. He has received innovation awards from the European Lotteries Association, and the John W. Lainhart IV award for major contributions to ISACA’s common body of knowledge. He has also received the ISACA President Award for Illustrious Service in 2014. Mr. Dimitriadis holds a Degree in Electrical and Computer Engineering from the University of Patras and a Ph.D. in Information Security and Technology from the University of Piraeus.

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

Average tenure and age of the Intralot Integrated Lottery Systems and Services management team in years:

1
Average Tenure
51
Average Age
  • The average tenure for the Intralot Integrated Lottery Systems and Services management team is less than 2 years, this suggests a new team.
Management Team

Sokratis Kokkalis

TITLE
Executive Chairman
AGE
80
TENURE
0.1 yrs

Christos Dimitriadis

TITLE
Group CEO & Executive Director
TENURE
0.1 yrs

Andreas Chrysos

TITLE
Group Chief Financial Officer
TENURE
1.3 yrs

Maria Stergiou

TITLE
Group Chief Sales & Operations Officer
TENURE
1 yrs

Nikolaos Pavlakis

TITLE
Group Accounting Director

Athanasios Chronas

TITLE
Chief Legal & Compliance Counsel
AGE
55

Christos Moumouris

TITLE
Managing Director of Asia Pacific
AGE
50

Lampros Klironomos

TITLE
Head of Internal Audit Department
TENURE
7.5 yrs

Sokrates Kokkalis

TITLE
Group Deputy CEO and Group Chief Products & Services Officer
AGE
35

Nikos Nikolakopoulos

TITLE
Group Deputy CEO & Director
AGE
51
Board of Directors Tenure

Average tenure and age of the Intralot Integrated Lottery Systems and Services board of directors in years:

1.3
Average Tenure
76
Average Age
  • The average tenure for the Intralot Integrated Lottery Systems and Services board of directors is less than 3 years, this suggests a new board.
Board of Directors

Sokratis Kokkalis

TITLE
Executive Chairman
AGE
80

Christos Dimitriadis

TITLE
Group CEO & Executive Director
TENURE
0.1 yrs

Constantinos Antonopoulos

TITLE
Vice Chairman

Nikos Nikolakopoulos

TITLE
Group Deputy CEO & Director
AGE
51
TENURE
1.3 yrs

Chrysostomos Sfatos

TITLE
Group Deputy CEO & Director
TENURE
1.3 yrs

Sotirios Filos

TITLE
Independent Non-Executive Director
AGE
83

Anastasios Tsoufis

TITLE
Independent Non-Executive Director
AGE
83

Ioannis Tsoukaridis

TITLE
Independent Non-Executive Director
AGE
72
TENURE
6 yrs

Alexandros-Stergios Manos

TITLE
Non-Executive Director
AGE
48
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 (€)
X
Management checks
We assess Intralot Integrated Lottery Systems and Services'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. Intralot Integrated Lottery Systems and Services 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.

9IL News

Simply Wall St News

9IL Company Info

Description

Intralot S.A. Integrated Lottery Systems and Services supplies integrated gaming and transaction processing systems, game content, sports betting management, and interactive gaming services to state-licensed gaming organizations worldwide. The company supplies hardware and software, including gaming machines, central computer systems, gaming software, communication systems, etc., as well as offers installation, technical support, and maintenance services to lotteries. It is also involved in the design, organization, and/or management of games; advertising and sales promotion activities; establishment of sales network; and provision of risk management for fixed odds games, etc., as well as game operating services. The company was founded in 1992 and is headquartered in Athens, Greece.

Details
Name: Intralot S.A. Integrated Lottery Systems and Services
9IL
Exchange: DB
Founded: 1992
€19,652,304
147,761,688
Website: http://www.intralot.com
Address: Intralot S.A. Integrated Lottery Systems and Services
64, Kifissias Avenue & 3, H. Sabbagh / S. Khoury Street,
Athens,
151 25,
Greece
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ATSE INLOT Ordinary Shares The Athens Stock Exchange GR EUR 09. Nov 1999
OTCPK IRLT.F Ordinary Shares Pink Sheets LLC US USD 09. Nov 1999
DB 9IL Ordinary Shares Deutsche Boerse AG DE EUR 09. Nov 1999
LSE 0KA1 Ordinary Shares London Stock Exchange GB EUR 09. Nov 1999
OTCPK IRLT.Y ADR Pink Sheets LLC US USD 20. Nov 2008
Number of employees
Current staff
Staff numbers
2,333
Intralot Integrated Lottery Systems and Services employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 00:31
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/11/29
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.