International Game Technology PLC

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IGT : NYSE : Services
$22.85 -0.15 | -0.65%
Today's Range: 22.74 - 23.06
Avg. Daily Volume: 1,118,800
08/25/16 - 9:45 AM ET

Financial Analysis


INTL GAME TECHNOLOGY PLC's gross profit margin for the second quarter of its fiscal year 2016 is essentially unchanged when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. INTL GAME TECHNOLOGY PLC has weak liquidity. Currently, the Quick Ratio is 0.61 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 virtually unchanged only decreasing by 4.24% 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 FY16 Q2 FY15
Net Sales ($mil)1285.471274.28
EBITDA ($mil)407.41375.12
EBIT ($mil)179.47163.66
Net Income ($mil)72.7-116.89


Balance Sheet Q2 FY16 Q2 FY15
Cash & Equiv. ($mil)527.63709.35
Total Assets ($mil)15409.1716203.29
Total Debt ($mil)8219.878940.96
Equity ($mil)3409.023560.25


Profitability Q2 FY16 Q2 FY15
Gross Profit Margin56.8654.29
EBITDA Margin31.6929.43
Operating Margin13.9612.84
Sales Turnover0.330.0
Return on Assets0.450.0
Return on Equity2.030.0
Debt Q2 FY16 Q2 FY15
Current Ratio0.91.36
Debt/Capital0.710.72
Interest Expense117.72122.42
Interest Coverage1.521.34


Share Data Q2 FY16 Q2 FY15
Shares outstanding (mil)200.240.0
Div / share0.20.0
EPS0.36-0.59
Book value / share17.020.0
Institutional Own % n/a n/a
Avg Daily Volume1095544.0560232.0

Valuation


SELL. INTL GAME TECHNOLOGY PLC's P/E ratio indicates a significant premium compared to an average of 31.03 for the Hotels, Restaurants & Leisure industry and a significant premium compared to the S&P 500 average of 25.30. To use another comparison, its price-to-book ratio of 1.34 indicates a discount versus the S&P 500 average of 2.83 and a significant discount versus the industry average of 40.41. The price-to-sales ratio is well below both the S&P 500 average and the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
IGT 64.97 Peers 31.03   IGT NA Peers 14.46

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

IGT is trading at a significant premium to its peers.

 

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

Ratio not available.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
IGT 10.78 Peers 25.37   IGT NM Peers 2.85

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.

IGT's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
IGT 1.34 Peers 40.41   IGT 142.68 Peers 31.54

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.

 

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

IGT is expected to have an earnings growth rate that significantly exceeds its peers.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
IGT 0.89 Peers 2.88   IGT 140.22 Peers 5.70

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.

 

Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

IGT has a sales growth rate that significantly exceeds its peers.

 

 

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