Playtech (PTEC)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

485.50p
   
  • Change Today:
    -6.50p
  • 52 Week High: 632.50p
  • 52 Week Low: 370.00p
  • Currency: UK Pounds
  • Shares Issued: 309.29m
  • Volume: 209,666
  • Market Cap: £1,501.62m
  • RiskGrade: 146

Key Financials

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Growth Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Annualisation Factor 1.0 n/a 1.0 1.0 0.2
Dividend Yield 0.0% 0.0% 0.0% 1.3% 5.4%
           
Continuing Operations          
PE Ratio - Adjusted 11.1 20.0 50.9 10.2 5.5
PE Ratio - Diluted 45.7
15.5		 3.9
32.1		 n/a
n/a		 25.6
9.6		 11.3
8.4
PEG - Adjusted 0.4 0.1 n/a n/a 0.2
PEG - Diluted n/a
0.4		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
1.7
Return on Capital Employed 11.38%
18.27%		 0.38%
0.08%		 0.94%
2.52%		 17.97%
24.71%		 8.47%
9.89%
Operating Margin 10.04%
14.95%		 55.77%
11.88%		 1.01%
2.67%		 10.53%
14.19%		 16.58%
19.91%
           
Continuing & Discontinued Operations          
PE Ratio - Adjusted 8.8 2,218.4 29.5 11.2 22.1
PE Ratio - Diluted 21.2
11.5		 392.0
3,811.2		 n/a
n/a		 n/a
16.6		 46.9
32.7
PEG - Adjusted 0.0 n/a n/a 0.1 n/a
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.2		 n/a
n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Net Gearing 0.43% 35.22% 64.83% 28.93% 14.10%

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Value Metrics 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Price/Book Value n/a n/a n/a n/a n/a
Price/Tangible Book Value n/a n/a n/a n/a n/a
Price/ Cash Flow n/a n/a n/a n/a n/a
Price/Revenue n/a n/a n/a n/a n/a
Price/R&D n/a n/a n/a n/a n/a
Net Asset Value per Share (exc. Intangibles) 240.49¢ 179.43¢ (69.68¢) (92.00¢) (93.15¢)
Net Cash per Share n/a n/a n/a n/a n/a

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Annualised Fundamentals 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Continuing Operations          
Revenue 1,601.80 12.17 1,078.46 1,440.53 306.12
EBITDA 330.90
409.60		 8.49
3.15		 10.84
28.74		 151.65
204.39		 88.41
98.61
Depreciation (170.10)
(170.10)		 (1.71)
(1.71)		 n/a
n/a		 n/a
n/a		 (37.66)
(37.66)
Net Interest (61.40)
(61.40)		 (0.67)
(0.67)		 (63.50)
(63.50)		 (63.41)
(63.41)		 (3.20)
(0.97)
Profit Before Tax 95.60
174.30		 6.11
0.77		 (52.66)
(34.76)		 88.25
140.98		 46.90
57.54
           
Revenue per Share 533.83¢ 4.08¢ 361.47¢ 477.33¢ 97.16¢
Pre-Tax Profit per Share 31.86¢
58.09¢		 2.05¢
0.26¢		 (17.65¢)
(11.65¢)		 29.24¢
46.71¢		 14.89¢
18.26¢
Market Capitalisation $ (Millions) 1,574.31 1,533.08 1,241.20 1,206.05 1,221.78
Enterprise Value (EV) $ (Millions) 2,188.11 2,665.28 2,036.80 2,232.43 2,033.33
EBITDA/EV 15.12%
18.72%		 0.32%
0.12%		 0.53%
1.41%		 6.79%
9.16%		 4.35%
4.85%
Operating Margin 10.04%
14.95%		 55.77%
11.88%		 1.01%
2.67%		 10.53%
14.19%		 16.58%
19.91%
Capital Employed $ (Millions) 1,290.20 1,769.70 1,142.40 827.05 591.45
Return on Capital Employed 11.38%
18.27%		 0.38%
0.08%		 0.94%
2.52%		 17.97%
24.71%		 8.47%
9.89%
Invested Equity Capital $ (Millions) 1,837.30 1,683.30 981.70 1,304.84 1,416.10
           
Earnings per Share - Basic 13.50¢
39.79¢		 230.30¢
27.90¢		 (24.50¢)
(18.45¢)		 18.50¢
49.17¢		 40.70¢
60.07¢
Earnings per Share - Diluted 13.00¢
38.29¢		 220.10¢
26.66¢		 (24.50¢)
(18.45¢)		 18.10¢
48.17¢		 39.70¢
53.51¢
Earnings per Share - Adjusted 53.50¢ 42.80¢ 9.20¢ 45.50¢ 82.40¢
Earnings per Share Growth - Basic -94%
43%		 n/a
n/a		 n/a
n/a		 -54%
-18%		 -16%
18%
Earnings per Share Growth - Diluted -94%
44%		 n/a
n/a		 n/a
n/a		 -54%
-10%		 -18%
5%
Earnings per Share Growth - Adjusted 25% 365% -80% -45% 25%
PE Ratio - Diluted 45.7
15.5		 3.9
32.1		 n/a
n/a		 25.6
9.6		 11.3
8.4
PEG - Diluted n/a
0.4		 n/a
n/a		 n/a
n/a		 n/a
n/a		 n/a
1.7
Tax Rate 55.33% (13.49%) (38.71%) 36.00% 28.19%
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 7.46
8.06		 3.42
2.49
Interest Cover 2.31
3.39		 9.94
2.12		 0.18
0.46		 2.37
3.18		 4.16
6.72
           
Continuing & Discontinued Operations          
Earnings per Share - Basic 29.20¢
53.52¢		 2.28¢
0.23¢		 (99.60¢)
(93.64¢)		 (6.50¢)
28.45¢		 9.82¢
15.43¢
Earnings per Share - Diluted 28.10¢
51.50¢		 2.18¢
0.22¢		 (99.60¢)
(93.64¢)		 (6.50¢)
27.87¢		 9.59¢
13.75¢
Earnings per Share - Adjusted 67.20¢ 0.39¢ 15.90¢ 41.30¢ 20.31¢
Earnings per Share Growth - Basic 1,178%
22,686%		 n/a
n/a		 n/a
n/a		 n/a
84%		 -80%
-70%
Earnings per Share Growth - Diluted 1,188%
22,845%		 n/a
n/a		 n/a
n/a		 n/a
103%		 -80%
-73%
Earnings per Share Growth - Adjusted 17,328% -98% -62% 103% -69%
PE Ratio - Diluted 21.2
11.5		 392.0
3,811.2		 n/a
n/a		 n/a
16.6		 46.9
32.7
PEG - Diluted 0.0
0.0		 n/a
n/a		 n/a
n/a		 n/a
0.2		 n/a
n/a
Dividend Cover n/a
n/a		 n/a
n/a		 n/a
n/a		 6.77
4.66		 0.84
0.64
Return on Equity (ROE) 4.77%
8.74%		 0.40%
0.04%		 (30.28%)
(28.46%)		 (1.50%)
6.58%		 2.18%
3.43%
Operating Cash Flow per Share 136.94¢ 75.44¢ 122.10¢ 106.34¢ 122.87¢
Gross Cash Flow per Share cn/a cn/a cn/a cn/a cn/a
Cash Incr/Decr per Share (171.40¢) (0.41¢) 128.03¢ 16.84¢ 3.40¢
Capital Expenditure per Share n/a n/a n/a n/a n/a
Dividend per Share n/a n/a n/a 6.10¢ 24.10¢
Dividend per Share Growth n/a n/a n/a (74.69%) (8.71%)
Dividend Yield 0.0% 0.0% 0.0% 1.3% 5.4%
Shareholders Funds 1,702.50 1,580.90 895.90 1,226.51 1,342.71
Net Borrowings $ (Millions) 206.90 556.80 580.80 354.84 189.35
Net Asset Value per Share (inc. Intangibles) 240.49¢ 179.32¢ (69.78¢) (90.58¢) (95.63¢)

  $ (Millions) $ (Millions) $ (Millions) $ (Millions) $ (Millions)
Gearing - inc Intangibles 31-Dec-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds inc Intangibles 1,702.50 1,580.90 895.90 1,226.51 1,342.71
Net Borrowings $ (Millions) 206.90 556.80 580.80 354.84 189.35
Net Gearing 0.43% 35.22% 64.83% 28.93% 14.10%
Cash & Near Cash 426.50 575.40 683.70 671.54 622.20
Cash 25.05% 36.40% 76.31% 54.75% 46.34%
Gross Borrowings 633.40 1,132.20 1,264.50 1,026.37 811.55
Gross Gearing 25.48% 71.62% 141.14% 83.68% 60.44%
Borrowings Under 5 years 633.40 1,132.20 1,264.50 1,026.37 811.55
Under 5 years 37.20% 71.62% 141.14% 83.68% 60.44%
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Shareholders' Funds exc Intangibles 721.60 534.80 (208.20) (273.36) (301.29)
Net Borrowings $ (Millions) 206.90 556.80 580.80 354.84 189.35
Net Gearing 1.01% 104.11% n/a n/a (62.85%)
Cash & Near Cash 426.50 575.40 683.70 671.54 622.20
Cash 59.10% 107.59% (328.39%) (245.66%) (206.51%)
Gross Borrowings 633.40 1,132.20 1,264.50 1,026.37 811.55
Gross Gearing 60.12% 211.71% 607.35% 375.46% 269.36%
Borrowings Under 5 years 633.40 1,132.20 1,264.50 1,026.37 811.55
Under 5 years 87.78% 211.71% (607.35%) (375.46%) (269.36%)
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-22 31-Dec-21 31-Dec-20 31-Dec-19 31-Dec-18
Quick Ratio 0.95 1.72 1.70 n/a n/a
Current Ratio 0.96 1.73 1.71 1.30 0.98

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.

 

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