International Game Technology
Find Ratings ReportsINTL GAME TECHNOLOGY PLC's gross profit margin for the third quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. INTL GAME TECHNOLOGY PLC has weak liquidity. Currently, the Quick Ratio is 0.80 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 6.00% 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 | Q3 FY23 | Q3 FY22 |
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Net Sales ($mil) | 1064.0 | 1060.0 |
EBITDA ($mil) | 372.0 | 342.0 |
EBIT ($mil) | 240.0 | 219.0 |
Net Income ($mil) | 95.0 | 264.0 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 697.0 | 517.0 |
Total Assets ($mil) | 10457.0 | 10028.0 |
Total Debt ($mil) | 6044.0 | 5754.0 |
Equity ($mil) | 1487.0 | 1582.0 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 60.43 | 58.21 |
EBITDA Margin | 34.96 | 32.26 |
Operating Margin | 22.56 | 20.66 |
Sales Turnover | 0.41 | 0.42 |
Return on Assets | 0.95 | 3.57 |
Return on Equity | 6.72 | 22.69 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 1.14 | 1.16 |
Debt/Capital | 0.8 | 0.78 |
Interest Expense | 80.0 | 76.0 |
Interest Coverage | 3.0 | 2.88 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 200.48 | 200.3 |
Div / share | 0.2 | 0.2 |
EPS | 0.46 | 1.3 |
Book value / share | 7.42 | 7.9 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1032631.0 | 1383745.0 |
HOLD. This stock's P/E ratio indicates a premium compared to an average of 36.42 for the Amusement, Gambling, and Recreation Industries subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.80 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 13.29. The price-to-sales ratio is well below both the S&P 500 average and the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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IGT 43.23 | Peers 36.42 | IGT 4.50 | Peers 9.66 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. IGT is trading at a premium to its peers. |
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. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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IGT NA | Peers 28.70 | IGT NA | Peers 2.56 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
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. |
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Price/Book |
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Earnings Growth |
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IGT 2.80 | Peers 13.29 | IGT -72.73 | Peers 94.00 | |||||||||||||||||||||
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. |
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Price/Sales |
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Sales Growth |
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IGT 0.97 | Peers 3.05 | IGT 2.17 | Peers 26.45 | |||||||||||||||||||||
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 subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. IGT significantly trails its peers on the basis of sales growth. |
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