Financials Ainsworth Game Technology Limited

Equities

Market Closed - Australian S.E. Other stock markets 01:57:09 2024-05-10 am EDT			5-day change	1st Jan Change
0.945 ^AUD	-1.56%		-18.53%	-27.86%

May. 10	Macquarie Downgrades Ainsworth Game Technology to Neutral from Outperform, Price Target is AU$1.10	MT
May. 09	Ainsworth Game Technology Expects H1 Profit to Fall to AU$13 Million to AU$15 Million	MT

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	264.4	161.7	434.5	365.4	441.2	318.3	-	-
Enterprise Value (EV) ¹	258.2	195.6	429.4	365.4	417.9	260.8	254.4	222.8
P/E ratio	26.2 x	-3.69 x	-8.06 x	54.3 x	-43.7 x	14.3 x	13.2 x	13.4 x
Yield	-	-	-	-	-	-	5.29%	5.29%
Capitalization / Revenue	1.13 x	1.08 x	2.72 x	2.94 x	1.55 x	1.1 x	1.04 x	1.02 x
EV / Revenue	1.1 x	1.31 x	2.69 x	2.94 x	1.47 x	0.9 x	0.83 x	0.71 x
EV / EBITDA	6 x	46.6 x	27.7 x	-	7.23 x	5 x	4.41 x	3.72 x
EV / FCF	4.72 x	18.9 x	21.4 x	-	25 x	6.85 x	7.26 x	6.02 x
FCF Yield	21.2%	5.3%	4.66%	-	4%	14.6%	13.8%	16.6%
Price to Book	0.67 x	0.46 x	1.51 x	-	1.4 x	0.93 x	0.87 x	0.82 x
Nbr of stocks (in thousands)	336,794	336,794	336,794	336,794	336,794	336,794	-	-
Reference price ²	0.7850	0.4800	1.290	1.085	1.310	0.9450	0.9450	0.9450
Announcement Date	8/27/19	8/27/20	8/26/21	2/27/23	2/28/24	-	-	-

¹AUD in Million²AUD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	234.3	149.4	159.5	124.1	284.9	288.7	305.2	312.9
EBITDA ¹	43	4.2	15.5	-	57.8	52.13	57.67	59.85
EBIT ¹	9.6	-33.6	-15.8	-	35.2	28.27	34.47	37.05
Operating Margin	4.1%	-22.49%	-9.91%	-	12.36%	9.79%	11.29%	11.84%
Earnings before Tax (EBT)	14.68	-48.8	-59.17	-	2.64	-	-	-
Net income ¹	10.9	-43.43	-53.41	-	-9.04	22.24	24.11	23.72
Net margin	4.65%	-29.07%	-33.49%	-	-3.17%	7.7%	7.9%	7.58%
EPS ²	0.0300	-0.1300	-0.1600	0.0200	-0.0300	0.0660	0.0716	0.0704
Free Cash Flow ¹	54.69	10.37	20.03	-	16.72	38.04	35.01	37.02
FCF margin	23.34%	6.94%	12.56%	-	5.87%	13.18%	11.47%	11.83%
FCF Conversion (EBITDA)	127.18%	246.98%	129.21%	-	28.93%	72.98%	60.72%	61.85%
FCF Conversion (Net income)	501.95%	-	-	-	-	171.04%	145.25%	156.03%
Dividend per Share ²	-	-	-	-	-	-	0.0500	0.0500
Announcement Date	8/27/19	8/27/20	8/26/21	2/27/23	2/28/24	-	-	-

¹AUD in Million²AUD

Estimates

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	33.9	-	-	-	-	-	-
Net Cash position ¹	6.22	-	5.1	-	23.3	57.5	63.9	95.5
Leverage (Debt/EBITDA)	-	8.07 x	-	-	-	-	-	-
Free Cash Flow ¹	54.7	10.4	20	-	16.7	38	35	37
ROE (net income / shareholders' equity)	2.82%	-11.6%	-16.6%	-	7.47%	7.02%	7.88%	7.82%
ROA (Net income/ Total Assets)	2.2%	-9.16%	-12.4%	-	5.63%	4.93%	4.93%	4.79%
Assets ¹	494.8	474.4	429.3	-	-160.6	450.7	489.3	495.6
Book Value Per Share ²	1.170	1.050	0.8500	-	0.9400	1.010	1.090	1.150
Cash Flow per Share ²	0.1800	0.0500	0.0700	-	0.0800	0.1500	0.1400	0.1500
Capex ¹	9.86	6.38	2.22	-	11.2	12.5	13	13.6
Capex / Sales	4.21%	4.27%	1.39%	-	3.93%	4.32%	4.25%	4.36%
Announcement Date	8/27/19	8/27/20	8/26/21	2/27/23	2/28/24	-	-	-

¹AUD in Million²AUD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

D+

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.945 AUD

Average target price

1.097 AUD

Spread / Average Target

+16.06%

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