International Game Technology PLC

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IGT : NYSE : Services
$20.01 -0.01 | -0.05%
Today's Range: 19.89 - 20.24
Avg. Daily Volume: 1906400.0
08/22/17 - 4:02 PM ET

Financial Analysis


INTL GAME TECHNOLOGY PLC's gross profit margin for the second quarter of its fiscal year 2017 is essentially unchanged when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. INTL GAME TECHNOLOGY PLC has weak liquidity. Currently, the Quick Ratio is 0.57 which shows a lack of ability to cover short-term cash needs. The liquidity decreased from the same period a year ago, despite already having weak liquidity to begin with. This would indicate deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has remained unchanged from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.

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Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)1219.51285.47
EBITDA ($mil)369.88407.41
EBIT ($mil)173.71179.47
Net Income ($mil)-289.972.7


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)724.54527.63
Total Assets ($mil)14233.4915409.17
Total Debt ($mil)7493.558219.87
Equity ($mil)3435.983409.02


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin54.1756.86
EBITDA Margin30.3331.69
Operating Margin14.2413.96
Sales Turnover0.350.33
Return on Assets-0.790.39
Return on Equity-3.291.77
Debt Q2 FY17 Q2 FY16
Current Ratio0.850.9
Debt/Capital0.690.71
Interest Expense115.98117.72
Interest Coverage1.51.52


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)202.29200.24
Div / share0.20.2
EPS-1.430.36
Book value / share16.9917.02
Institutional Own % n/a n/a
Avg Daily Volume1894025.01018651.0

Valuation


HOLD. This stock’s P/E ratio is negative, making its value useless in the assessment of premium or discount valuation, only displaying that the company has negative earnings per share. For additional comparison, its price-to-book ratio of 1.18 indicates a significant discount versus the S&P 500 average of 3.02 and a significant discount versus the industry average of 9.92. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount. After reviewing these and other key valuation criteria, INTL GAME TECHNOLOGY PLC proves to trade at a discount to investment alternatives within the industry.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
IGT NM Peers 41.31   IGT 4.15 Peers 18.55

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

IGT's P/E is negative making this valuation measure meaningless.

 

Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

IGT is trading at a significant discount to its peers.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
IGT 13.72 Peers 24.62   IGT NA Peers 2.80

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

IGT is trading at a significant discount to its peers.

 

Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
IGT 1.18 Peers 9.92   IGT -280.64 Peers 52.48

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

IGT is trading at a significant discount to its peers.

 

Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, IGT is expected to significantly trail its peers on the basis of its earnings growth rate.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
IGT 0.82 Peers 3.29   IGT -3.41 Peers 7.54

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

IGT is trading at a significant discount to its industry on this measurement.

 

Lower. A sales growth rate that trails the industry implies that a company is losing market share.

IGT significantly trails its peers on the basis of sales growth

 

 

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