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NetEnt

DB:KT0U
Snowflake Description

Undervalued with high growth potential and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
KT0U
DB
SEK6B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

NetEnt AB (publ) provides digital distributed games and gaming systems to online casino operators worldwide. The last earnings update was 54 days ago. More info.


Add to Portfolio Compare Print
  • NetEnt has significant price volatility in the past 3 months.
KT0U Share Price and Events
7 Day Returns
3.4%
DB:KT0U
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-25.3%
DB:KT0U
-48.1%
DE Hospitality
-20.9%
DE Market
KT0U Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
NetEnt (KT0U) 3.4% 11.4% -7.7% -25.3% -70.5% -92.9%
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
  • KT0U outperformed the Hospitality industry which returned -48.1% over the past year.
  • KT0U underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
KT0U
Industry
5yr Volatility vs Market

KT0U Value

 Is NetEnt 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 NetEnt 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 NetEnt.

DB:KT0U 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 5.2%
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:KT0U
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 22%) (41.41%))
1.023
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.023 * 5.44%)
5.18%

Discounted Cash Flow Calculation for DB:KT0U using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for NetEnt 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:KT0U DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 5.18%)
2020 670.00 Analyst x3 637.03
2021 794.67 Analyst x3 718.37
2022 945.33 Analyst x3 812.52
2023 1,049.72 Est @ 11.04% 857.84
2024 1,129.63 Est @ 7.61% 877.71
2025 1,188.51 Est @ 5.21% 878.01
2026 1,230.48 Est @ 3.53% 864.27
2027 1,259.46 Est @ 2.35% 841.09
2028 1,278.74 Est @ 1.53% 811.94
2029 1,290.96 Est @ 0.96% 779.36
Present value of next 10 years cash flows SEK8,078.00
DB:KT0U DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK1,290.96 × (1 + -0.39%) ÷ (5.18% – -0.39%)
SEK23,102.32
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK23,102.32 ÷ (1 + 5.18%)10
SEK13,947.00
DB:KT0U Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK8,078.00 + SEK13,947.00
SEK22,025.00
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK22,025.00 / 239.13
SEK92.1
DB:KT0U Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:KT0U represents 0.08886x of OM:NET B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08886x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 92.10 x 0.08886
€8.18
Value per share (EUR) From above. €8.18
Current discount Discount to share price of €2.20
= -1 x (€2.20 - €8.18) / €8.18
73.1%

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

Current Discount
Amount off the current price NetEnt is available for.
Intrinsic value
>50%
Share price is €2.2 vs Future cash flow value of €8.18
Current Discount Checks
For NetEnt to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • NetEnt's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • NetEnt'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 NetEnt's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are NetEnt's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:KT0U PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK1.79
OM:NET B Share Price ** OM (2020-04-03) in SEK SEK24.78
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 NetEnt.

DB:KT0U PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:NET B Share Price ÷ EPS (both in SEK)

= 24.78 ÷ 1.79

13.84x

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

  • NetEnt is good value based on earnings compared to the DE Hospitality industry average.
  • NetEnt is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does NetEnt's expected growth come at a high price?
Raw Data
DB:KT0U PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.84x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
22%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 1.17x

*Line of best fit is calculated by linear regression .

DB:KT0U PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.84x ÷ 22%

0.63x

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

  • NetEnt is good value based on expected growth next year.
Price based on value of assets
What value do investors place on NetEnt's assets?
Raw Data
DB:KT0U PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK4.00
OM:NET B Share Price * OM (2020-04-03) in SEK SEK24.78
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:KT0U PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:NET B Share Price ÷ Book Value per Share (both in SEK)

= 24.78 ÷ 4.00

6.19x

* Primary Listing of NetEnt.

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

  • NetEnt is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess NetEnt'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. NetEnt has a total score of 5/6, 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.

KT0U Future Performance

 How is NetEnt 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
22%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is NetEnt expected to grow at an attractive rate?
  • NetEnt's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • NetEnt's earnings growth is expected to exceed the Germany market average.
  • NetEnt's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:KT0U Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:KT0U Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 22%
DB:KT0U Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 11.8%
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:KT0U Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:KT0U Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 2,563 1,307 855 3
2021-12-31 2,360 1,169 732 3
2020-12-31 2,148 974 584 3
2020-04-06
DB:KT0U Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 1,767 575 429
2019-09-30 1,727 664 453
2019-06-30 1,738 773 532
2019-03-31 1,765 771 552
2018-12-31 1,779 828 577
2018-09-30 1,739 939 595
2018-06-30 1,693 760 582
2018-03-31 1,669 721 578
2017-12-31 1,631 666 547
2017-09-30 1,607 527 542
2017-06-30 1,560 674 520
2017-03-31 1,499 648 498

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • NetEnt's earnings are expected to grow significantly at over 20% yearly.
  • NetEnt's revenue is expected to grow by 11.8% 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:KT0U 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 3 Analyst Estimates (S&P Global) See Below

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

DB:KT0U Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 3.54 4.34 3.07 3.00
2021-12-31 3.03 3.51 2.72 3.00
2020-12-31 2.42 2.52 2.37 3.00
2020-04-06
DB:KT0U Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 1.79
2019-09-30 1.89
2019-06-30 2.22
2019-03-31 2.30
2018-12-31 2.40
2018-09-30 2.48
2018-06-30 2.42
2018-03-31 2.41
2017-12-31 2.28
2017-09-30 2.26
2017-06-30 2.17
2017-03-31 2.07

*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.
  • NetEnt is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess NetEnt'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.
NetEnt has a total score of 5/6, 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.

KT0U Past Performance

  How has NetEnt 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 NetEnt'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.
  • NetEnt's year on year earnings growth rate has been positive over the past 5 years.
  • NetEnt's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • NetEnt's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
NetEnt'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 NetEnt Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:KT0U Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,766.73 428.87 491.11
2019-09-30 1,726.86 452.89 519.98
2019-06-30 1,738.25 532.23 516.13
2019-03-31 1,765.19 551.62 526.92
2018-12-31 1,779.42 577.23 535.90
2018-09-30 1,738.63 595.35 506.49
2018-06-30 1,693.17 581.54 496.94
2018-03-31 1,668.55 578.05 480.90
2017-12-31 1,631.21 547.25 458.05
2017-09-30 1,607.00 542.44 444.13
2017-06-30 1,560.10 520.08 435.56
2017-03-31 1,499.48 497.72 424.37
2016-12-31 1,452.29 504.41 409.01
2016-09-30 1,375.24 470.16 398.04
2016-06-30 1,298.00 448.47 374.49
2016-03-31 1,217.19 421.52 352.00
2015-12-31 1,129.48 373.99 334.10
2015-09-30 1,047.56 335.43 307.97
2015-06-30 985.34 305.37 291.65
2015-03-31 919.38 271.32 272.20
2014-12-31 850.41 243.24 249.70
2014-09-30 789.59 219.62 230.92
2014-06-30 725.08 192.34 217.56
2014-03-31 668.63 179.43 201.57
2013-12-31 629.14 167.14 193.10
2013-09-30 593.81 147.59 187.55
2013-06-30 563.24 138.18 178.55

*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 NetEnt 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.
  • NetEnt used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • NetEnt's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess NetEnt'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.
NetEnt 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.

KT0U Health

 How is NetEnt'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 NetEnt's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • NetEnt is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • NetEnt's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of NetEnt'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 0.3x 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 NetEnt Company Filings, last reported 3 months ago.

DB:KT0U Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 956.68 2,238.25 265.46
2019-09-30 762.70 2,309.83 300.21
2019-06-30 640.66 0.00 193.03
2019-03-31 1,082.81 0.00 596.64
2018-12-31 956.02 0.00 500.85
2018-09-30 827.34 0.00 362.33
2018-06-30 680.04 0.00 195.49
2018-03-31 1,074.51 0.00 560.88
2017-12-31 911.38 0.00 387.04
2017-09-30 785.63 0.00 144.65
2017-06-30 648.76 0.00 168.92
2017-03-31 1,047.29 0.00 573.46
2016-12-31 923.08 0.00 494.50
2016-09-30 779.30 0.00 412.78
2016-06-30 648.33 0.00 275.36
2016-03-31 836.94 0.00 486.54
2015-12-31 714.16 0.00 402.06
2015-09-30 616.87 0.00 316.78
2015-06-30 500.24 0.00 219.27
2015-03-31 612.08 0.00 325.86
2014-12-31 546.20 0.00 258.06
2014-09-30 460.43 0.00 210.24
2014-06-30 368.62 0.00 119.05
2014-03-31 426.79 0.00 147.76
2013-12-31 380.67 0.00 105.83
2013-09-30 312.70 0.00 61.06
2013-06-30 275.74 0.00 37.58
  • NetEnt's level of debt (234%) compared to net worth is high (greater than 40%).
  • Unable to establish if NetEnt's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (25.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.1x coverage).
X
Financial health checks
We assess NetEnt'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. NetEnt 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.

KT0U Dividends

 What is NetEnt'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
4.04%
Current annual income from NetEnt dividends. Estimated to be 8.63% next year.
If you bought €2,000 of NetEnt shares you are expected to receive €81 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?
  • NetEnt's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • NetEnt's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
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:KT0U 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 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:KT0U Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.53 3.00
2021-12-31 2.13 3.00
2020-12-31 1.75 3.00
2020-04-06
DB:KT0U Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-12 1.000 4.440
2019-04-17 2.250 8.146
2019-02-12 2.250 6.502
2018-04-03 2.250 5.488
2018-02-15 2.250 4.909
2017-03-29 2.250 3.482
2017-02-16 2.250 3.054
2016-03-30 1.333 1.770
2016-02-11 1.333 1.675
2015-04-01 0.833 1.259
2015-02-12 0.833 1.917
2014-04-03 0.500 1.589
2014-02-12 0.500 1.910
2013-03-21 0.375 1.993
2013-02-15 0.375 2.537
2012-03-23 0.333 2.785
2012-02-09 0.333 3.106
2011-03-23 0.333 3.363
2011-02-10 0.333 3.225
2010-03-01 0.333 2.900
2010-01-15 0.333 2.701
2009-04-08 0.208 2.111

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of NetEnt's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.5x coverage).
X
Income/ dividend checks
We assess NetEnt'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 NetEnt afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. NetEnt has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

KT0U Management

 What is the CEO of NetEnt'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
Therese Hillman
AGE 39
TENURE AS CEO 2.1 years
CEO Bio

Ms. Therese Hillman has been Chief Executive Officer of NetEnt AB (publ) since May 22, 2018. Ms. Hillman has been a Director of Actic Sverige AB since 2018. She has been Director of MQ Holding AB since January 23, 2019. Ms. Hillman was Chief Financial Officer at NetEnt AB (publ) since January 9, 2017 until September 3, 2018. She served as Acting Chief Executive Officer of NetEnt AB (publ) from March 25, 2018 to May 22, 2018. Ms. Hillman served as the Chief Executive Officer of Gymgrossisten Sweden AB, a subsidiary of Qliro Group AB since 2011 until December 31, 2016 and served as its Chief Financial Officer. Ms. Hillman served as the Chief Executive Officer/Managing Director of Bodystore.com since 2011 and served as its Head of The Sports & Health Segment. She served as the Business Developer for Gymgrossisten since 2007 and served as its Head of Finance since 2007. She served as the Chief Operating Officer of Gymgrossisten.com since 2009. She worked as a trainee at Handelsbanken Capital Markets. She has been a Director of Actic Group AB (publ) since January 18, 2018. She served as an Independent Non-Executive Director of Kindred Group plc (Unibet Group plc) from May 12, 2015 to October 4, 2016. She holds Master of Science (MSc) in Accounting and Finance from Stockholm School of Economics and studied MBA courses at Darden School of Business at the University of Virginia. Ms. Hillman graduates from University of Virginia and North Georgia College and State University.

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

Average tenure and age of the NetEnt management team in years:

1.6
Average Tenure
46
Average Age
  • The average tenure for the NetEnt management team is less than 2 years, this suggests a new team.
Management Team

Therese Hillman

TITLE
Chief Executive Officer
AGE
39
TENURE
2.1 yrs

Lars Johansson

TITLE
Chief Financial Officer
AGE
60
TENURE
1.6 yrs

Tobias Palmborg

TITLE
Acting Chief ­Technology ­Officer
AGE
41

James Elliott

TITLE
General Counsel
AGE
46
TENURE
1.3 yrs

Pamela Williams

TITLE
Head of Compliance
AGE
42
TENURE
1.3 yrs

Björn Krantz

TITLE
Chief Operating Officer of Commercial Operations
AGE
49

Christian Lindhoff

TITLE
Chief Game Development Officer
AGE
47
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the NetEnt board of directors in years:

2
Average Tenure
46
Average Age
  • The average tenure for the NetEnt board of directors is less than 3 years, this suggests a new board.
Board of Directors

Fredrik Erbing

TITLE
Independent Chairman of the Board
COMPENSATION
SEK610K
AGE
52
TENURE
2 yrs

Pontus Lindwall

TITLE
Independent Director
COMPENSATION
SEK303K
AGE
54
TENURE
9.3 yrs

Per Hamberg

TITLE
Independent Director
COMPENSATION
SEK303K
AGE
46
TENURE
11 yrs

Maria Redin

TITLE
Independent Director
COMPENSATION
SEK337K
AGE
41
TENURE
8.3 yrs

Christoffer Lundstrom

TITLE
Director
AGE
46
TENURE
0.9 yrs

Jonathan Pettemerides

TITLE
Independent Director
AGE
39
TENURE
0.9 yrs

Lisa Gunnarsson

TITLE
Independent Director
AGE
41
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by NetEnt individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Feb 20 Buy Pontus Lindwall Individual 12. Feb 20 12. Feb 20 40,000 €2.67 €106,610
13. Feb 20 Buy Henrik Fagerlund Individual 13. Feb 20 13. Feb 20 10,000 €2.74 €27,442
12. Feb 20 Buy Therese Hillman Individual 12. Feb 20 12. Feb 20 5,400 €2.64 €14,264
15. Nov 19 Buy Peter Hamberg Individual 14. Nov 19 15. Nov 19 88,000 €2.36 €207,216
26. Oct 19 Buy Henrik Fagerlund Individual 05. Sep 19 25. Oct 19 20,000 €2.59 €51,783
24. Oct 19 Buy Peter Hamberg Individual 24. Oct 19 24. Oct 19 50,000 €2.53 €126,409
24. Oct 19 Buy Lars Johansson Individual 24. Oct 19 24. Oct 19 10,000 €2.49 €24,927
06. Sep 19 Buy Peter Hamberg Individual 05. Sep 19 05. Sep 19 60,000 €2.60 €156,019
06. Sep 19 Buy Peter Hamberg Individual 05. Sep 19 05. Sep 19 2,000 €2.60 €5,197
29. Apr 19 Buy Henrik Fagerlund Individual 29. Apr 19 29. Apr 19 3,000 €2.80 €8,396
26. Apr 19 Buy Henrik Fagerlund Individual 26. Apr 19 26. Apr 19 5,000 €2.85 €14,250
25. Apr 19 Buy Pontus Lindwall Individual 25. Apr 19 25. Apr 19 50,000 €2.72 €136,067
X
Management checks
We assess NetEnt'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. NetEnt 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.

KT0U News

Simply Wall St News

KT0U Company Info

Description

NetEnt AB (publ) provides digital distributed games and gaming systems to online casino operators worldwide. The company’s gaming solutions include NetEnt Live, NetEnt Engage, Pooled Jackpots, Branded Games, and Back Office. It has approximately 200 game titles in 24 languages, which can be played on computers, tablet, and mobiles, as well as physical gaming machines. The company was formerly known as Net Entertainment NE AB (publ) and changed its name to NetEnt AB (publ) in May 2015. NetEnt AB (publ) was founded in 1996 and is based in Stockholm, Sweden.

Details
Name: NetEnt AB (publ)
KT0U
Exchange: DB
Founded: 1996
SEK539,604,251
239,130,860
Website: http://www.netent.com
Address: NetEnt AB (publ)
Vasagatan 16,
Stockholm,
Stockholm County, 111 20,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM NET B Series B Stock OMX Nordic Exchange Stockholm SE SEK 11. Apr 2007
OTCPK NTAB.F Series B Stock Pink Sheets LLC US USD 11. Apr 2007
DB KT0U Series B Stock Deutsche Boerse AG DE EUR 11. Apr 2007
LSE 0XX7 Series B Stock London Stock Exchange GB SEK 11. Apr 2007
BATS-CHIXE NETBS Series B Stock BATS 'Chi-X Europe' GB SEK 11. Apr 2007
OTCPK NTNT.Y ADR Pink Sheets LLC US USD 31. Aug 2016
LSE 0RG0 SER'B'NPV (POST SPLIT) London Stock Exchange GB GBP 06. Apr 2020
OM NET B NPV B OMX Nordic Exchange Stockholm SE SEK 08. May 2018
OM NET B SER'B'NPV (POST SPLIT) OMX Nordic Exchange Stockholm SE SEK 06. Apr 2020
Number of employees
Current staff
Staff numbers
862
NetEnt employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 01:43
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/12
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.