Entain (ENT)

Sector:

Tourism and Leisure Services

Index:

FTSE 100

722.00p
   
  • Change Today:
    -42.20p
  • 52 Week High: 1,486.50
  • 52 Week Low: 722.00
  • Currency: UK Pounds
  • Shares Issued: 638.96m
  • Volume: 2,238,962
  • Market Cap: £4,613.28m
  • RiskGrade: 260

Key Financials

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Growth Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Annualisation Factor 1.0 1.0 n/a 1.0 1.0
Dividend Yield 1.8% 1.3% 0.0% 0.0% 2.0%
           
Continuing Operations          
PE Ratio - Adjusted 22.5 21.8 31.0 17.9 13.6
PE Ratio - Diluted n/a
n/a		 206.5
45.3		 37.7
32.3		 72.7
n/a		 n/a
78.8
PEG - Adjusted n/a 2.0 n/a n/a n/a
PEG - Diluted n/a
n/a		 n/a
n/a		 0.2
n/a		 n/a
n/a		 n/a
0.6
Return on Capital Employed 43.11%
61.62%		 34.82%
42.90%		 0.61%
0.63%		 36.11%
9.82%		 n/a
65.29%
Operating Margin (17.67%)
(18.35%)		 2.39%
5.54%		 16.62%
17.03%		 7.14%
1.94%		 (1.79%)
6.31%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 22.5 21.8 3,128.2 18.0 13.6
PE Ratio - Diluted n/a
n/a		 322.3
45.3		 3,951.0
3,263.4		 115.7
n/a		 n/a
92.1
PEG - Adjusted n/a 0.0 n/a n/a 0.2
PEG - Diluted n/a
n/a		 0.4
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.3

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Net Gearing 142.55% 87.35% 65.96% 57.15% 74.28%

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Value Metrics 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Price/Book Value (1.0) (2.3) (4.5) (3.2) (2.1)
Price/Tangible Book Value (1.0) (2.2) (4.5) (3.1) (2.0)
Price/ Cash Flow 13.7 12.1 15.6 9.3 11.8
Price/Revenue 1.28 1.81 254.97 1.86 1.44
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) (955.07¢) (567.92¢) (375.79¢) (357.20¢) (431.01¢)
Net Cash per Share n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Annualised Fundamentals 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Continuing Operations          
Revenue 4,769.60 4,296.90 38.66 3,561.60 3,578.10
EBITDA (842.60)
(875.10)		 102.90
238.20		 8.67
8.83		 492.80
307.70		 154.70
444.60
Depreciation n/a
n/a		 n/a
n/a		 (2.25)
(2.25)		 (238.60)
(238.60)		 (218.90)
(218.90)
Net Interest n/a
n/a		 n/a
n/a		 (0.82)
(0.82)		 (79.50)
(79.50)		 (100.20)
(100.20)
Profit Before Tax (842.60)
(875.10)		 102.90
238.20		 3.97
4.13		 174.70
(10.40)		 (164.40)
125.50
           
Revenue per Share 774.29¢ 730.52¢ 6.60¢ 610.18¢ 614.79¢
Pre-Tax Profit per Share (136.79¢)
(142.06¢)		 17.49¢
40.50¢		 0.68¢
0.70¢		 29.93¢
(1.78¢)		 (28.25¢)
21.56¢
Market Capitalisation   (Millions) 6,350.95 7,781.61 9,871.64 6,631.86 5,148.98
Enterprise Value (EV)   (Millions) 9,881.25 11,072.91 12,367.24 9,056.05 7,571.98
EBITDA/EV (8.53%)
(8.86%)		 0.93%
2.15%		 0.07%
0.07%		 5.44%
3.40%		 2.04%
5.87%
Operating Margin (17.67%)
(18.35%)		 2.39%
5.54%		 16.62%
17.03%		 7.14%
1.94%		 (1.79%)
6.31%
Capital Employed   (Millions) (1,420.20) 555.20 789.50 704.00 345.70
Return on Capital Employed 43.11%
61.62%		 34.82%
42.90%		 0.61%
0.63%		 36.11%
9.82%		 n/a
65.29%
Invested Equity Capital   (Millions) 3,097.30 3,633.60 3,581.50 3,380.40 3,187.50
           
Earnings per Share - Basic (141.40p)
(146.64p)		 6.40p
29.39p		 45.10p
52.52p		 15.80p
(16.27p)		 (24.80p)
11.36p
Earnings per Share - Diluted (141.40p)
(146.28p)		 6.40p
29.17p		 44.70p
52.04p		 15.60p
(16.10p)		 (24.80p)
11.22p
Earnings per Share - Adjusted 44.20p 60.50p 54.30p 63.50p 65.20p
Earnings per Share Growth - Basic n/a
n/a		 -86%
-44%		 185%
n/a		 n/a
n/a		 n/a
128%
Earnings per Share Growth - Diluted n/a
n/a		 -86%
-44%		 186%
n/a		 n/a
n/a		 n/a
127%
Earnings per Share Growth - Adjusted -27% 11% -14% -3% -15%
PE Ratio - Diluted n/a
n/a		 206.5
45.3		 37.7
32.3		 72.7
n/a		 n/a
78.8
PEG - Diluted n/a
n/a		 n/a
n/a		 0.2
n/a		 n/a
n/a		 n/a
0.6
Tax Rate (4.28%) 68.03% 21.16% 34.86% 20.19%
Dividend Cover 2.48
(8.24)		 3.56
1.73		 n/a
n/a		 n/a
n/a		 3.70
0.65
Interest Cover n/a
n/a		 n/a
n/a		 5.74
5.93		 3.14
0.87		 (0.60)
2.22
           
Continuing & Discontinued Operations          
Earnings per Share - Basic (150.70p)
(161.35p)		 4.10p
29.39p		 0.43p
0.52p		 9.90p
(18.74p)		 (26.40p)
9.72p
Earnings per Share - Diluted (150.70p)
(160.96p)		 4.10p
29.17p		 0.43p
0.52p		 9.80p
(18.55p)		 (26.40p)
9.61p
Earnings per Share - Adjusted 44.20p 60.50p 0.54p 62.80p 65.10p
Earnings per Share Growth - Basic n/a
n/a		 854%
5,548%		 -96%
n/a		 n/a
n/a		 n/a
290%
Earnings per Share Growth - Diluted n/a
n/a		 862%
5,556%		 -96%
n/a		 n/a
n/a		 n/a
289%
Earnings per Share Growth - Adjusted -27% 11,145% -99% -4% 69%
PE Ratio - Diluted n/a
n/a		 322.3
45.3		 3,951.0
3,263.4		 115.7
n/a		 n/a
92.1
PEG - Diluted n/a
n/a		 0.4
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.3
Dividend Cover 2.48
(9.06)		 3.56
1.73		 n/a
n/a		 n/a
n/a		 3.70
0.55
Return on Equity (ROE) (29.98%)
(32.09%)		 0.67%
4.76%		 0.07%
0.09%		 1.71%
(3.24%)		 (4.82%)
1.78%
Operating Cash Flow per Share 72.74¢ 108.84¢ 107.87¢ 121.69¢ 75.14¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (39.64¢) 27.98¢ (0.43¢) 59.40¢ (3.66¢)
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share 17.80p 17.00p n/a n/a 17.60p
Dividend per Share Growth 4.71% n/a n/a n/a (45.00%)
Dividend Yield 1.8% 1.3% 0.0% 0.0% 2.0%
Shareholders Funds 2,268.00 3,132.80 3,167.10 3,029.20 2,812.80
Net Borrowings   (Millions) 3,233.10 2,736.40 2,089.00 1,731.10 2,089.40
Net Asset Value per Share (inc. Intangibles) (1,040.28¢) (599.17¢) (376.03¢) (366.16¢) (438.42¢)

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - inc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds inc Intangibles 2,268.00 3,132.80 3,167.10 3,029.20 2,812.80
Net Borrowings   (Millions) 3,233.10 2,736.40 2,089.00 1,731.10 2,089.40
Net Gearing 142.55% 87.35% 65.96% 57.15% 74.28%
Cash & Near Cash 400.60 658.50 487.10 706.70 390.10
Cash 17.66% 21.02% 15.38% 23.33% 13.87%
Gross Borrowings 3,633.70 3,394.90 2,576.10 2,437.80 2,479.50
Gross Gearing 160.22% 108.37% 81.34% 80.48% 88.15%
Borrowings Under 5 years 3,633.70 3,394.90 2,576.10 2,437.80 2,479.50
Under 5 years 160.22% 108.37% 81.34% 80.48% 88.15%
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Gearing - exc Intangibles 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Shareholders' Funds exc Intangibles (6,408.10) (3,524.30) (2,202.40) (2,137.30) (2,551.60)
Net Borrowings   (Millions) 3,233.10 2,736.40 2,089.00 1,731.10 2,089.40
Net Gearing (50.45%) (77.64%) (94.85%) (80.99%) (81.89%)
Cash & Near Cash 400.60 658.50 487.10 706.70 390.10
Cash (6.25%) (18.68%) (22.12%) (33.07%) (15.29%)
Gross Borrowings 3,633.70 3,394.90 2,576.10 2,437.80 2,479.50
Gross Gearing 56.70% 96.33% 116.97% 114.06% 97.17%
Borrowings Under 5 years 3,633.70 3,394.90 2,576.10 2,437.80 2,479.50
Under 5 years (56.70%) (96.33%) (116.97%) (114.06%) (97.17%)
Borrowings Under 1 year n/a n/a n/a n/a n/a
Under 1 year n/a n/a n/a n/a n/a

    (Millions)   (Millions)   (Millions)   (Millions)   (Millions)
Cover 31-Dec-23 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19
Quick Ratio n/a n/a n/a n/a n/a
Current Ratio 0.56 0.72 0.89 0.90 0.73

Key

* GAAP

a. Includes discontinued activities

b. Based on operating cash flow before tax

c. Not disclosed under IFRS

d. Includes non-current assets

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

Note 3: Above ratios are on a 'per annum' basis, adjusted for corporate actions and based on the fundamentals of the primary listed security.

Note 4: Under IFRS, all figures are based on 'Continuing' operations unless otherwise stated.

Note 5: Normalised ratios are shown in blue text

Note 6: Forecast figures based on normalised accounts.

 

Top of Page