Team17 Group (TM17)

Sector:

Leisure Products

Index:

FTSE AIM 100

 305.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 350.00p
  • 52 Week Low: 152.00p
  • Currency: UK Pounds
  • Shares Issued: 145.80m
  • Volume: 129,781
  • Market Cap: £444.70m

Citi sees significant upside at Team17

By Benjamin Chiou

Date: Friday 03 May 2024

LONDON (ShareCast) - (Sharecast News) - Citi has reiterated its 'buy' rating for British video-game developer Team17, saying it sees significant upside to its valuation as operations stabilise.
"Team17 is at an interesting juncture in its trading history. While continuing to deliver growth in recent years, partly aided by acquisition, the cooling of sentiment within the video games industry coupled with disappointing underlying profitability has weighed not only on forecasts but also on the multiple," said Citi analyst Thomas Singlehurst.

The company reported a loss before tax of £1.1m in 2023, compared with a profit of £28.7m the year before.

"2024E, however, sees a new CEO, who is clearly focused in the short-term on increasing the group's rigour and discipline around its commercial practices and how it allocates capital."

Citi expects a "stabilisation" of organic performance this year, with a small increase in revenue and a rebound in margins, before an acceleration thereafter. If Team17 can deliver, the stock could see a rerating, Singlehurt said.

Shares currently trade at 12 times prospective earnings, compared with Europe-listed peers at 16x and US peers at 20x.

The stock was trading 3.2% higher at 9.55p by 1058 BST.

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

 

Team17 Group Market Data

Currency UK Pounds
Share Price 305.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 350.00p
52 Week Low 152.00p
Volume 129,781
Shares Issued 145.80m
Market Cap £444.70m

Team17 Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
34.78% above the market average34.78% above the market average34.78% above the market average34.78% above the market average34.78% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
18.94% above the market average18.94% above the market average18.94% above the market average18.94% above the market average18.94% above the market average
9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average9.09% above the sector average
Income Not Available
Growth
36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average36.71% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 5
Buy 6
Neutral 1
Sell 0
Strong Sell 0
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Team17 Group Dividends

No dividends found

Trades for 19-Jul-2024

Time Volume / Share Price
16:36 263 @ 305.00p
16:35 354 @ 305.00p
16:35 157 @ 305.00p
16:35 18 @ 305.00p
16:35 179 @ 305.00p

Team17 Group Key Personnel

CFO Mark Crawford
CEO Steve Bell

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