Financials Ainsworth Game Technology Limited

Equities

Market Closed - Australian S.E. Other stock markets 02:10:44 2024-04-26 am EDT			5-day change	1st Jan Change
1.23 ^AUD	+2.50%		+1.65%	-6.11%

Feb. 29	Ainsworth Game Technology Swings to 2023 Loss on Foreign Currency Loss	MT
Feb. 29	Transcript : Ainsworth Game Technology Limited, 2023 Earnings Call, Feb 29, 2024

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	264.4	161.7	434.5	365.4	441.2	414.3	-	-
Enterprise Value (EV) ¹	258.2	195.6	429.4	365.4	417.9	383.9	346.5	312.7
P/E ratio	26.2 x	-3.69 x	-8.06 x	54.3 x	-43.7 x	15.4 x	14.3 x	14 x
Yield	-	-	-	-	-	-	4.07%	4.88%
Capitalization / Revenue	1.13 x	1.08 x	2.72 x	2.94 x	1.55 x	1.32 x	1.28 x	1.25 x
EV / Revenue	1.1 x	1.31 x	2.69 x	2.94 x	1.47 x	1.22 x	1.07 x	0.94 x
EV / EBITDA	6 x	46.6 x	27.7 x	-	7.23 x	6.35 x	5.53 x	4.79 x
EV / FCF	4.72 x	18.9 x	21.4 x	-	25 x	12 x	8.64 x	7.36 x
FCF Yield	21.2%	5.3%	4.66%	-	4%	8.36%	11.6%	13.6%
Price to Book	0.67 x	0.46 x	1.51 x	-	1.4 x	1.19 x	1.1 x	1.03 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	1.230	1.230	1.230
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	313.7	322.8	332.4
EBITDA ¹	43	4.2	15.5	-	57.8	60.46	62.62	65.35
EBIT ¹	9.6	-33.6	-15.8	-	35.2	36.61	39.42	42.56
Operating Margin	4.1%	-22.49%	-9.91%	-	12.36%	11.67%	12.21%	12.8%
Earnings before Tax (EBT) ¹	14.68	-48.8	-59.17	-	2.64	36.5	39.3	39.9
Net income ¹	10.9	-43.43	-53.41	-	-9.04	27	29.1	29.6
Net margin	4.65%	-29.07%	-33.49%	-	-3.17%	8.61%	9.01%	8.91%
EPS ²	0.0300	-0.1300	-0.1600	0.0200	-0.0300	0.0800	0.0860	0.0880
Free Cash Flow ¹	54.69	10.37	20.03	-	16.72	32.1	40.1	42.5
FCF margin	23.34%	6.94%	12.56%	-	5.87%	10.23%	12.42%	12.79%
FCF Conversion (EBITDA)	127.18%	246.98%	129.21%	-	28.93%	53.09%	64.04%	65.03%
FCF Conversion (Net income)	501.95%	-	-	-	-	118.89%	137.8%	143.58%
Dividend per Share ²	-	-	-	-	-	-	0.0500	0.0600
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	30.3	67.8	102
Leverage (Debt/EBITDA)	-	8.07 x	-	-	-	-	-	-
Free Cash Flow ¹	54.7	10.4	20	-	16.7	32.1	40.1	42.5
ROE (net income / shareholders' equity)	2.82%	-11.6%	-16.6%	-	7.47%	8.86%	8.7%	8.67%
ROA (Net income/ Total Assets)	2.2%	-9.16%	-12.4%	-	5.63%	6%	5.9%	5.8%
Assets ¹	494.8	474.4	429.3	-	-160.6	450	493.2	510.3
Book Value Per Share ²	1.170	1.050	0.8500	-	0.9400	1.030	1.120	1.200
Cash Flow per Share ²	0.1800	0.0500	0.0700	-	0.0800	0.1300	0.1600	0.1700
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%	3.99%	4.03%	4.09%
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

1.23 AUD

Average target price

1.345 AUD

Spread / Average Target

+9.35%

	1st Jan change	Capi.
AINSWORTH GAME TECHNOLOGY LIMITED	-6.11%	270M
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