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Newgioco Group

Nasdaq:NWGI
Snowflake Description

High growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NWGI
Nasdaq
$18M
Market Cap
  1. Home
  2. US
  3. Consumer Services
Company description

Newgioco Group, Inc., a vertically integrated leisure betting technology company, provides online and land-based gaming services in Europe. The last earnings update was 141 days ago. More info.


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NWGI Share Price and Events
7 Day Returns
-5.5%
NasdaqCM:NWGI
-14.3%
US Hospitality
-4.1%
US Market
1 Year Returns
-37.4%
NasdaqCM:NWGI
-50.9%
US Hospitality
-14.9%
US Market
NWGI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Newgioco Group (NWGI) -5.5% -38.4% -57.5% -37.4% -56.6% -55.2%
US Hospitality -14.3% -41.1% -53.1% -50.9% -43.2% -42.5%
US Market -4.1% -19.1% -23.4% -14.9% 3.5% 14.5%
1 Year Return vs Industry and Market
  • NWGI outperformed the Hospitality industry which returned -50.9% over the past year.
  • NWGI underperformed the Market in United States of America which returned -14.9% over the past year.
Price Volatility
NWGI
Industry
5yr Volatility vs Market

Value

 Is Newgioco 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 Newgioco 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 Newgioco Group.

NasdaqCM:NWGI 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 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

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 NasdaqCM:NWGI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.8
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.805 (1 + (1- 26.5%) (56.85%))
1.094
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.09
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (1.094 * 5.44%)
7.69%

Discounted Cash Flow Calculation for NasdaqCM:NWGI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Newgioco 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.

NasdaqCM:NWGI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.69%)
2020 5.60 Analyst x1 5.20
2021 9.70 Analyst x1 8.36
2022 10.40 Analyst x1 8.33
2023 15.00 Analyst x1 11.15
2024 19.90 Analyst x1 13.74
2025 23.57 Est @ 18.44% 15.11
2026 26.74 Est @ 13.43% 15.91
2027 29.39 Est @ 9.92% 16.24
2028 31.58 Est @ 7.47% 16.21
2029 33.40 Est @ 5.75% 15.92
Present value of next 10 years cash flows $126.00
NasdaqCM:NWGI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $33.40 × (1 + 1.74%) ÷ (7.69% – 1.74%)
$570.83
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $570.83 ÷ (1 + 7.69%)10
$272.04
NasdaqCM:NWGI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $126.00 + $272.04
$398.04
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $398.04 / 10.77
$36.95
NasdaqCM:NWGI Discount to Share Price
Calculation Result
Value per share (USD) From above. $36.95
Current discount Discount to share price of $1.70
= -1 x ($1.70 - $36.95) / $36.95
95.4%

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

Current Discount
Amount off the current price Newgioco Group is available for.
Intrinsic value
>50%
Share price is $1.7 vs Future cash flow value of $36.95
Current Discount Checks
For Newgioco Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Newgioco Group's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Newgioco 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 Newgioco Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Newgioco Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:NWGI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $-0.73
NasdaqCM:NWGI Share Price ** NasdaqCM (2020-04-02) in USD $1.7
United States of America Hospitality Industry PE Ratio Median Figure of 65 Publicly-Listed Hospitality Companies 11.98x
United States of America Market PE Ratio Median Figure of 2,944 Publicly-Listed Companies 12.5x

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

** Primary Listing of Newgioco Group.

NasdaqCM:NWGI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:NWGI Share Price ÷ EPS (both in USD)

= 1.7 ÷ -0.73

-2.35x

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

  • Newgioco Group is loss making, we can't compare its value to the US Hospitality industry average.
  • Newgioco Group is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Newgioco Group's expected growth come at a high price?
Raw Data
NasdaqCM:NWGI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
89.7%per year
United States of America Hospitality Industry PEG Ratio Median Figure of 50 Publicly-Listed Hospitality Companies 0.55x
United States of America Market PEG Ratio Median Figure of 2,008 Publicly-Listed Companies 0.91x

*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 Newgioco Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Newgioco Group's assets?
Raw Data
NasdaqCM:NWGI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $0.71
NasdaqCM:NWGI Share Price * NasdaqCM (2020-04-02) in USD $1.7
United States of America Hospitality Industry PB Ratio Median Figure of 106 Publicly-Listed Hospitality Companies 1.19x
United States of America Market PB Ratio Median Figure of 5,142 Publicly-Listed Companies 1.22x
NasdaqCM:NWGI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:NWGI Share Price ÷ Book Value per Share (both in USD)

= 1.7 ÷ 0.71

2.41x

* Primary Listing of Newgioco Group.

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

  • Newgioco Group is overvalued based on assets compared to the US Hospitality industry average.
X
Value checks
We assess Newgioco 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. Newgioco Group has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

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

Future Performance

 How is Newgioco 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
89.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Newgioco Group expected to grow at an attractive rate?
  • Newgioco Group's earnings growth is expected to exceed the low risk savings rate of 1.7%.
Growth vs Market Checks
  • Newgioco Group's earnings growth is expected to exceed the United States of America market average.
  • Newgioco Group's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:NWGI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqCM:NWGI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 89.7%
NasdaqCM:NWGI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 23.9%
United States of America Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 16.8%
United States of America Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 8.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.2%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

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

Analysts growth expectations
Raw Data
NasdaqCM:NWGI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:NWGI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 114 1
2023-12-31 94 1
2022-12-31 78 9 6 1
2021-12-31 66 7 4 1
2020-12-31 36 4 1 1
2020-04-03
2019-12-31 35 -1 -5 1
NasdaqCM:NWGI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 34 0 -7
2019-06-30 36 0 -7
2019-03-31 35 0 -7
2018-12-31 35 2 -3
2018-09-30 35 4 0
2018-06-30 32 5 2
2018-03-31 28 5 3
2017-12-31 23 3 1
2017-09-30 16 1 -2
2017-06-30 14 1 -2
2017-03-31 11 1 -2
2016-12-31 9 1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Newgioco Group's earnings are expected to grow significantly at over 20% yearly.
  • Newgioco Group's revenue is expected to grow significantly at over 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
NasdaqCM:NWGI 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 1 Analyst Estimates (S&P Global) See Below

All data from Newgioco Group Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:NWGI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31 0.15 0.15 0.15 1.00
2023-12-31 0.11 0.11 0.11 1.00
2022-12-31 0.07 0.07 0.07 1.00
2021-12-31 0.04 0.04 0.04 1.00
2020-12-31 0.01 0.01 0.01 1.00
2020-04-03
2019-12-31 -0.06 -0.06 -0.06 1.00
NasdaqCM:NWGI Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 -0.73
2019-06-30 -0.76
2019-03-31 -0.72
2018-12-31 -0.32
2018-09-30 0.05
2018-06-30 0.16
2018-03-31 0.32
2017-12-31 0.15
2017-09-30 -0.19
2017-06-30 -0.22
2017-03-31 -0.30
2016-12-31 -0.28

*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 Newgioco Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Newgioco 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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Newgioco Group 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.

Past Performance

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

NasdaqCM:NWGI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 34.46 -7.17 11.91
2019-06-30 35.53 -7.38 11.55
2019-03-31 35.25 -6.92 11.12
2018-12-31 34.58 -3.05 10.01
2018-09-30 35.01 0.44 8.68
2018-06-30 32.31 1.52 7.22
2018-03-31 27.58 2.98 6.46
2017-12-31 22.87 1.37 5.60
2017-09-30 16.11 -1.70 5.82
2017-06-30 13.59 -1.94 5.36
2017-03-31 11.03 -2.33 4.84
2016-12-31 8.90 -1.97 4.51
2016-09-30 7.42 -1.45 3.65
2016-06-30 5.95 -1.95 3.32
2016-03-31 5.39 -2.21 3.13
2015-12-31 4.87 -2.02 2.84
2015-09-30 4.41 -3.29 2.46
2015-06-30 3.94 -2.83 1.99
2015-03-31 2.97 -2.43 1.43
2014-12-31 1.74 -2.17 0.89
2014-09-30 0.66 -0.08 0.24
2014-06-30 -0.08 0.07
2014-03-31 -0.06 0.05
2013-12-31 -0.02 0.01
2013-09-30 -0.02 0.01
2013-06-30 -0.02 0.02

*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 Newgioco 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 Newgioco Group has efficiently used its assets last year compared to the US Hospitality industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Newgioco 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 Newgioco 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.
Newgioco 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 Newgioco 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 Newgioco Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Newgioco Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Newgioco Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Newgioco 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 0.7x 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 Newgioco Group Company Filings, last reported 6 months ago.

NasdaqCM:NWGI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 7.43 10.42 4.91
2019-06-30 6.48 11.08 5.23
2019-03-31 7.83 9.73 5.18
2018-12-31 9.87 5.40 6.29
2018-09-30 11.85 4.77 5.81
2018-06-30 3.48 1.16 6.79
2018-03-31 4.97 1.38 7.19
2017-12-31 4.11 2.78 6.47
2017-09-30 2.20 2.91 3.18
2017-06-30 1.87 2.70 2.13
2017-03-31 1.60 2.45 1.83
2016-12-31 2.49 2.13 2.23
2016-09-30 3.37 1.67 1.68
2016-06-30 0.97 1.06 0.12
2016-03-31 1.10 0.83 0.18
2015-12-31 1.30 0.91 0.16
2015-09-30 1.72 0.67 0.37
2015-06-30 1.79 0.75 0.37
2015-03-31 1.89 0.76 0.52
2014-12-31 2.30 0.89 0.81
2014-09-30 1.77 0.98 0.01
2014-06-30 -0.24 0.30 0.00
2014-03-31 -0.22 0.26 0.05
2013-12-31 -0.17 0.17
2013-09-30 -0.17 0.17
2013-06-30 -0.17 0.17
  • Newgioco Group's level of debt (140.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (55.3% vs 140.2% today).
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.

  • Newgioco Group has sufficient cash runway for more than 3 years based on current free cash flow.
  • Unable to confirm if Newgioco Group has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Newgioco 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. Newgioco Group has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


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

Dividends

 What is Newgioco 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 Newgioco Group dividends.
If you bought $2,000 of Newgioco 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 Newgioco Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Newgioco 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
NasdaqCM:NWGI 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
United States of America Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 39 Stocks 6.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1941 Stocks 3.1%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

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

NasdaqCM:NWGI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2020-04-03
2019-12-31

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

  • Unable to perform a dividend volatility check as Newgioco Group has not reported any payouts.
  • Unable to verify if Newgioco Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Newgioco Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Newgioco 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 Newgioco Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - 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 Newgioco Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Newgioco 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 Newgioco 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
Mike Ciavarella
COMPENSATION $760,053
AGE 57
TENURE AS CEO 8.8 years
CEO Bio

Mr. Michele Ciavarella, also known as Mike, B.Sc. has been the Chief Executive Officer at Empire Global Corp. (also known as: Newgioco Group, Inc.) since June 2011 and Chairman since June 26, 2019 and also serves as its Secretary. Mr. Ciavarella was Interim Chief Financial Officer of Newgioco Group, Inc. since May 31, 2019. Mr. Ciavarella served as the Chief Financial Officer of Newgioco Group, Inc. from June 2011 to June 6, 2017. He served as Chief Operating Officer of Empire Global Corp. from June 6, 2011 to July 4, 2014 and as its Chief Executive Officer from October 27, 2011 to July 4, 2014. He served as Chief Financial Officer of Empire Global Corp. until March 3, 2014. He served as the President of Empire Global Corp. from June 6, 2011 to October 27, 2011 and also served as its Director of Operations since 2005 until 2011. He served as the Chief Executive Officer, Chief Financial Officer and President at Pender International Inc. (now Empire Global Corp.) since July 9, 2004 and Director September 21, 2004 and also its serves as Principal Accounting Officer. Since 2002, he has been Senior executive vice president, senior account executive of life underwriter and financial advisor, Trillion Financial Group. He served as Life underwriter and financial advisor of Dagmar Insurance Services from 1999 to 2002. He served as Life underwriter and financial advisor of Manulife Financial from 1990 to 1999. He was the Chairman of the Board at Empire Global Corp. since 2011 and has been its Director since 2011. He served as the Chairman of Empire Global Corp. from June 6, 2011 to July 4, 2014. He has been Director at Empire Global Corp since August 05, 2014.

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

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

2.8
Average Tenure
51
Average Age
  • The tenure for the Newgioco Group management team is about average.
Management Team

Mike Ciavarella

TITLE
Chairman
COMPENSATION
$760K
AGE
57
TENURE
8.8 yrs

Alessandro Marcelli

TITLE
COO & VP of Operations
COMPENSATION
$116K
AGE
44
TENURE
1.7 yrs

Luca Pasquini

TITLE
CTO, VP of Technology & Director
COMPENSATION
$116K
AGE
52

Mark Korb

TITLE
Chief Financial Officer
AGE
51
TENURE
0.8 yrs

Julia Lesnykh

TITLE
Vice President of Corporate Finance
AGE
42
TENURE
2.8 yrs

Carlo Reali

TITLE
Financial Controller
TENURE
2.8 yrs

Gabriele Peroni

TITLE
Vice President of Business Development
COMPENSATION
$91K
AGE
54
TENURE
3.7 yrs

Franco Salvagni

TITLE
Vice President of Land-Based Operations
COMPENSATION
$44K
AGE
43
TENURE
3.7 yrs
Board of Directors Tenure

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

0.8
Average Tenure
58
Average Age
  • The average tenure for the Newgioco Group board of directors is less than 3 years, this suggests a new board.
Board of Directors

Mike Ciavarella

TITLE
Chairman
COMPENSATION
$760K
AGE
57
TENURE
0.8 yrs

Luca Pasquini

TITLE
CTO, VP of Technology & Director
COMPENSATION
$116K
AGE
52
TENURE
3.7 yrs

Paul Sallwasser

TITLE
Independent Director
AGE
65
TENURE
0.8 yrs

Steve Shallcross

TITLE
Independent Director
AGE
58
TENURE
0.8 yrs

Clive Kabatznik

TITLE
Independent Director
AGE
62
TENURE
0.8 yrs

Richard Cooper

TITLE
Independent Director
AGE
58
TENURE
0.7 yrs
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 Newgioco 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. Newgioco 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

Newgioco Group, Inc., a vertically integrated leisure betting technology company, provides online and land-based gaming services in Europe. It offers a range of online and offline leisure gaming services, including lottery, casino gaming, sports betting, traditional casino games, live casino games, poker, bingo, virtual sports betting, and horse racing, as well as skilled and interactive games and slots; and owns and operates innovative betting platform software that provides a suite of online and offline leisure gaming services. The company provides its products under the Newgioco brand name primarily through its Website, newgioco.it, as well as through retail betting locations; and through other gaming Websites, including originalbet.it, timetobet.it, lovingbet.it., imperialbet.it, clubgames.it, gamesmart.it, quibet.it, 782sport.it, and mixbet.it. It serves 90,000 online user accounts through 1,000 Web cafés, 7 corners, and 172 agency locations. The company was formerly known as Empire Global Corp. and changed its name to Newgioco Group, Inc. in July 2016. Newgioco Group, Inc. was founded in 1998 and is headquartered in Toronto, Canada.

Details
Name: Newgioco Group, Inc.
NWGI
Exchange: NasdaqCM
Founded: 1998
$18,327,919
10,772,258
Website: http://www.newgiocogroup.com
Address: Newgioco Group, Inc.
130 Adelaide Street West,
Suite 701,
Toronto,
Ontario, M5H 2K4,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM NWGI Common Stock Nasdaq Capital Market US USD 10. May 2004
Number of employees
Current staff
Staff numbers
70
Newgioco Group employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/03 05:29
End of day share price update: 2020/04/02 00:00
Last estimates confirmation: 2020/03/16
Last earnings filing: 2019/11/14
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.