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Gaming Innovation Group

DB:GI11
Snowflake Description

Reasonable growth potential and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GI11
DB
NOK397M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Gaming Innovation Group Inc., through its subsidiaries, provides and facilitates a platform for Internet gambling, gaming, and betting in Nordic countries, other European countries, and internationally. The last earnings update was 48 days ago. More info.


Add to Portfolio Compare Print
  • Gaming Innovation Group has significant price volatility in the past 3 months.
GI11 Share Price and Events
7 Day Returns
-3.9%
DB:GI11
-6.9%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-80.2%
DB:GI11
-48.1%
DE Hospitality
-20.9%
DE Market
GI11 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Gaming Innovation Group (GI11) -3.9% 2.9% -48.5% -80.2% - -
DE Hospitality -6.9% -31.2% -57.5% -48.1% -63.2% -70.6%
DE Market -0.6% -16.6% -26% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • GI11 underperformed the Hospitality industry which returned -48.1% over the past year.
  • GI11 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
GI11
Industry
5yr Volatility vs Market

Value

 Is Gaming Innovation 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 Gaming Innovation 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 Gaming Innovation Group.

DB:GI11 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.9%
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:GI11
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 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- 35%) (227.46%))
1.629
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.63
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.629 * 6.96%)
10.95%

Discounted Cash Flow Calculation for DB:GI11 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Gaming Innovation 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:GI11 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 10.95%)
2020 35.00 Analyst x1 31.55
2021 12.00 Analyst x1 9.75
2022 13.00 Analyst x1 9.52
2023 13.65 Est @ 5.04% 9.01
2024 14.12 Est @ 3.41% 8.40
2025 14.44 Est @ 2.27% 7.74
2026 14.65 Est @ 1.47% 7.08
2027 14.79 Est @ 0.91% 6.44
2028 14.86 Est @ 0.52% 5.84
2029 14.90 Est @ 0.25% 5.27
Present value of next 10 years cash flows €100.00
DB:GI11 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €14.90 × (1 + -0.39%) ÷ (10.95% – -0.39%)
€130.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €130.95 ÷ (1 + 10.95%)10
€46.35
DB:GI11 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €100.00 + €46.35
€146.35
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €146.35 / 90.01
€1.63
DB:GI11 Discount to Share Price
Calculation Result
Exchange Rate EUR/NOK
(Reporting currency to currency of OB:GIG)
11.365
Value per Share
(NOK)
= Value per Share in EUR x Exchange Rate (EUR/NOK)
= €1.63 x 11.365
NOK18.48
Non-primary Listing Adjustment Factor 1 share in DB:GI11 represents 0.08844x of OB:GIG
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08844x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (NOK) x Listing Adjustment Factor
= NOK 18.48 x 0.08844
€1.63
Value per share (EUR) From above. €1.63
Current discount Discount to share price of €0.39
= -1 x (€0.39 - €1.63) / €1.63
76.1%

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

Current Discount
Amount off the current price Gaming Innovation Group is available for.
Intrinsic value
>50%
Share price is €0.39 vs Future cash flow value of €1.63
Current Discount Checks
For Gaming Innovation Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Gaming Innovation Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Gaming Innovation Group'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 Gaming Innovation Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Gaming Innovation Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GI11 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €-0.72
OB:GIG Share Price ** OB (2020-04-03) in NOK NOK4.41
OB:GIG Share Price converted to EUR reporting currency Exchange rate (NOK/ EUR) 0.088 €0.39
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 16.45x

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

** Primary Listing of Gaming Innovation Group.

DB:GI11 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:GIG Share Price ÷ EPS (both in EUR)

= 0.39 ÷ -0.72

-0.54x

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

  • Gaming Innovation Group is loss making, we can't compare its value to the DE Hospitality industry average.
  • Gaming Innovation Group is loss making, we can't compare the value of its earnings to the Germany market.
Price based on expected Growth
Does Gaming Innovation Group's expected growth come at a high price?
Raw Data
DB:GI11 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -0.54x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
108.4%per year
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 1.16x

*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 Gaming Innovation Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Gaming Innovation Group's assets?
Raw Data
DB:GI11 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €0.25
OB:GIG Share Price * OB (2020-04-03) in NOK NOK4.41
OB:GIG Share Price converted to EUR reporting currency Exchange rate (NOK/ EUR) 0.088 €0.39
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:GI11 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:GIG Share Price ÷ Book Value per Share (both in EUR)

= 0.39 ÷ 0.25

1.57x

* Primary Listing of Gaming Innovation Group.

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

  • Gaming Innovation Group is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Gaming Innovation 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. Gaming Innovation Group has a total score of 3/6, 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 Gaming Innovation Group expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
108.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Gaming Innovation Group expected to grow at an attractive rate?
  • Gaming Innovation Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Gaming Innovation Group's earnings growth is expected to exceed the Germany market average.
  • Gaming Innovation Group's revenues are expected to decrease over the next 1-3 years, this is below the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GI11 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GI11 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 108.4%
DB:GI11 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts -15.5%
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 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
DB:GI11 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GI11 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 67 1
2022-12-31 64 21 12 1
2021-12-31 63 22 10 1
2020-12-31 74 16 -3 1
DB:GI11 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 123 10 -65
2019-09-30 133 12 -34
2019-06-30 141 8 -28
2019-03-31 146 13 -27
2018-12-31 151 12 -23
2018-09-30 151 12 -3
2018-06-30 145 14 -1
2018-03-31 135 9 3
2017-12-31 120 13 0
2017-09-30 102 12 -1
2017-06-30 86 12 -1
2017-03-31 69 10 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Gaming Innovation Group's earnings are expected to grow significantly at over 20% yearly.
  • Gaming Innovation Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
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:GI11 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 1 Analyst Estimates (S&P Global) See Below

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

DB:GI11 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
DB:GI11 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 -0.72
2019-09-30 -0.38
2019-06-30 -0.31
2019-03-31 -0.30
2018-12-31 -0.25
2018-09-30 -0.04
2018-06-30 -0.01
2018-03-31 0.03
2017-12-31 0.00
2017-09-30 -0.01
2017-06-30 -0.02
2017-03-31 -0.02

*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.
  • Gaming Innovation Group is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Gaming Innovation 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.
Gaming Innovation 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 Gaming Innovation 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 Gaming Innovation 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.
  • Gaming Innovation Group does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Gaming Innovation Group's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Gaming Innovation Group's 1-year growth to the DE Hospitality industry average as it is not currently profitable.
Earnings and Revenue History
Gaming Innovation 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 Gaming Innovation Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GI11 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 123.01 -64.71 31.11
2019-09-30 133.49 -33.93 74.39
2019-06-30 140.54 -28.20 77.93
2019-03-31 146.46 -26.52 82.17
2018-12-31 151.37 -22.76 85.45
2018-09-30 151.44 -3.40 71.26
2018-06-30 144.99 -1.28 73.87
2018-03-31 134.69 2.93 71.83
2017-12-31 120.42 -0.42 70.89
2017-09-30 101.99 -1.23 54.38
2017-06-30 85.68 -1.45 46.28
2017-03-31 68.79 -1.11 38.76
2016-12-31 53.60 2.39 31.17
2016-09-30 38.50 -2.42 19.72
2016-06-30 28.80 -1.58 16.46
2016-03-31 22.71 -0.85 13.95
2015-12-31 17.75 -2.16 11.53
2015-09-30 12.08 0.30 5.23
2015-06-30 10.95 0.31 4.50
2015-03-31 9.93 -0.47 4.19
2014-12-31 9.59 -0.15 4.05

*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 Gaming Innovation Group has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Gaming Innovation Group 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 Gaming Innovation Group 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 Gaming Innovation 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.
Gaming Innovation Group 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.

Health

 How is Gaming Innovation 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 Gaming Innovation Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Gaming Innovation Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Gaming Innovation Group's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Gaming Innovation 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 0.5x 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 Gaming Innovation Group Company Filings, last reported 3 months ago.

DB:GI11 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 22.28 66.94 10.30
2019-09-30 69.53 64.74 10.94
2019-06-30 78.36 68.40 15.20
2019-03-31 84.72 64.95 13.13
2018-12-31 88.07 66.80 14.67
2018-09-30 104.19 63.74 13.87
2018-06-30 106.31 63.85 16.02
2018-03-31 110.21 63.29 10.71
2017-12-31 108.78 67.48 12.08
2017-09-30 106.33 66.53 25.75
2017-06-30 102.62 41.40 25.19
2017-03-31 103.08 47.03 51.31
2016-12-31 105.17 6.07 6.04
2016-09-30 99.77 6.38 8.30
2016-06-30 45.44 5.18 3.09
2016-03-31 31.18 3.13 4.31
2015-12-31 27.85 3.57 2.09
2015-09-30 28.84 2.65 1.10
2015-06-30 27.00 2.74 1.15
2015-03-31 2.70 0.00 1.28
2014-12-31 2.70 0.00 1.28
  • Gaming Innovation Group's level of debt (292.5%) compared to net worth is high (greater than 40%).
  • Unable to establish if Gaming Innovation Group's debt level has increased without past 5-year debt data.
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.

  • Gaming Innovation Group has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Gaming Innovation Group has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Gaming Innovation 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. Gaming Innovation Group has a total score of 1/6, 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 Gaming Innovation 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 Gaming Innovation Group dividends.
If you bought €2,000 of Gaming Innovation 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 Gaming Innovation Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Gaming Innovation 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:GI11 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 1 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 315 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:GI11 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31

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

  • Unable to perform a dividend volatility check as Gaming Innovation Group has not reported any payouts.
  • Unable to verify if Gaming Innovation Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Gaming Innovation Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Gaming Innovation 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 Gaming Innovation Group'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 Gaming Innovation Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Gaming Innovation 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 Gaming Innovation 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
Richard Brown
COMPENSATION €481,600
TENURE AS CEO 0.6 years
CEO Bio

Mr. Richard Brown has been Chief Executive Officer of Gaming Innovation Group Inc since November 06, 2019. Mr. Brown is responsible for the positioning of GiG and for aligning people, technology, product and process development to drive innovation and execution across all verticals. Mr. Brown was Chief Operating Officer of Gaming Innovation Group Inc. since November 2018. He served as Interim CEO of Gaming Innovation Group Inc. since September 5, 2019 until November 06, 2019. Mr. Brown joined GiG in February 2017 as Managing Director for GiG's media business, after nearly two years, he progressed to Chief Digital Officer. Before this, he worked in various senior and directorial roles in companies such as Highlight Media Group, Web Guide Partner and THG Sports delivering exceptional results in line with strategic goals. Richard is responsible for delivering organizational excellence, and aligning the business to the strategic initiatives.

CEO Compensation
  • Richard's compensation has increased whilst company is loss making.
  • Richard's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Gaming Innovation Group management team in years:

1.4
Average Tenure
  • The average tenure for the Gaming Innovation Group management team is less than 2 years, this suggests a new team.
Management Team

Richard Brown

TITLE
Chief Executive Officer
COMPENSATION
€482K
TENURE
0.6 yrs

Frode Fagerli

TITLE
Founder & Head of Affiliation
COMPENSATION
€2K

Justin Psaila

TITLE
Chief Financial Officer
COMPENSATION
€180K

Tore Formo

TITLE
Group Chief Financial Officer
COMPENSATION
€177K
AGE
55

Anna-Lena Åström

TITLE
Head of Investor Relations & Corporate Communications
TENURE
2 yrs

Tim Parker

TITLE
Chief Marketing Officer
COMPENSATION
€133K
TENURE
1.4 yrs

Ben Clemes

TITLE
Chief Commercial Officer
COMPENSATION
€139K

Cristina Niculae

TITLE
Chief Strategy Officer
COMPENSATION
€100K
TENURE
1.4 yrs

Mike Broughton

TITLE
CTO & Partner
COMPENSATION
€108K

Edgars Peics

TITLE
Chief Technology Officer
COMPENSATION
€145K
Board of Directors Tenure

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

1.3
Average Tenure
52
Average Age
  • The average tenure for the Gaming Innovation Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Petter Nylander

TITLE
Chairman of the Board
COMPENSATION
€5K
AGE
55
TENURE
1.3 yrs

Paul Fischbein

TITLE
Director
COMPENSATION
€3K
AGE
46
TENURE
1.3 yrs

Helge Nielsen

TITLE
Director
COMPENSATION
€42K
AGE
67

Henrik Ekdahl

TITLE
Director
COMPENSATION
€10K
TENURE
2.9 yrs

Robert Burén

TITLE
Director
COMPENSATION
€3K
AGE
49
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Gaming Innovation Group individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Feb 20 Buy Henrik Ekdahl Individual 20. Feb 20 20. Feb 20 200,000 €0.52 €103,122
20. Nov 19 Sell Helge Nielsen Individual 20. Nov 19 20. Nov 19 -24,736 €0.45 €-11,233
20. Nov 19 Buy Tim Parker Individual 20. Nov 19 20. Nov 19 45,500 €0.46 €20,888
20. Nov 19 Buy Barnebarnene AS Company 20. Nov 19 20. Nov 19 26,000 €0.45 €11,807
20. Nov 19 Buy Richard Brown Individual 20. Nov 19 20. Nov 19 21,000 €0.46 €9,558
05. Sep 19 Buy Henrik Ekdahl Individual 05. Sep 19 05. Sep 19 55,000 €0.80 €44,211
27. Aug 19 Buy Frode Fagerli Individual 27. Aug 19 27. Aug 19 10,000 €0.89 €8,857
16. Aug 19 Buy Henrik Ekdahl Individual 16. Aug 19 16. Aug 19 26,800 €0.93 €24,945
X
Management checks
We assess Gaming Innovation 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. Gaming Innovation 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

Gaming Innovation Group Inc., through its subsidiaries, provides and facilitates a platform for Internet gambling, gaming, and betting in Nordic countries, other European countries, and internationally. It operates in two segments, Business-to-Business (B2B) and Business-to-Consumer (B2C). The company offers profile management system with integrated KYC tools to verify end users, which comprises of payment gateway, gaming tools, and regulatory adaption engine, as well as bonus, affiliate, and content management systems. It also designs, hosts, and distributes in-house-developed and third-party games, such as casino; and offers sportsbook solutions that helps the customers to offer betting experience to their end users. In addition, it provides iGaming end user leads for casino and sportsbook customers using the techniques and technology in social media, adwords, permission marketing, and display advertising; and digital agency, which comprises of ad-tech, publishing, and paid media channels. Additionally, it offers front end development, compliance standards, payments, and product management services. Further, the company offers B2C casino, sports betting, and poker services through its own brands, such as Guts.com, Betspin.com, Rizk.com, SuperLenny.com, Kaboo.com, Thrills.com, and Highroller.com. The company was founded in 2012 and is headquartered in St Julians, Malta.

Details
Name: Gaming Innovation Group Inc.
GI11
Exchange: DB
Founded: 2012
NOK34,925,022
90,005,626
Website: http://www.gig.com
Address: Gaming Innovation Group Inc.
@GiG Beach,
Golden Mile Business Centre,
St Julians,
STJ 3148,
Malta
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB GIG Common Stock Oslo Bors NO NOK 23. May 2015
DB GI11 Common Stock Deutsche Boerse AG DE EUR 23. May 2015
OM GIGSEK Common Stock OMX Nordic Exchange Stockholm SE SEK 23. May 2015
BATS-CHIXE GIGO Common Stock BATS 'Chi-X Europe' GB NOK 23. May 2015
Number of employees
Current staff
Staff numbers
648
Gaming Innovation Group employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 03:27
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/02/27
Last earnings filing: 2020/02/18
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.