Everi Holdings Inc.
EVRI
Services-Miscellaneous Amusement & Recreation
Mkt Cap
$561.3MPE
9.28Debt
$982MCash
$274MEV
$1.269BFCF
$157.6MP/E Ratio
9.28Debt
$982MCash
$274MEV
$1.269BFCF
$157.6MCharts data: {"Earnings":[{"time":"2014-12-30","value":12140000},{"time":"2015-12-30","value":-104972000},{"time":"2016-12-30","value":-249479000},{"time":"2017-12-30","value":-51903000},{"time":"2018-12-30","value":12356000},{"time":"2019-12-30","value":16517000},{"time":"2020-12-30","value":-81680000},{"time":"2021-12-30","value":152925000},{"time":"2022-12-30","value":120489000},{"time":"2023-12-30","value":83997000}],"Sales":[{"time":"2014-12-30","value":593053000},{"time":"2015-12-30","value":826999000},{"time":"2016-12-30","value":859456000},{"time":"2017-12-30","value":974948000},{"time":"2018-12-30","value":469515000},{"time":"2019-12-30","value":533227000},{"time":"2020-12-30","value":383674000},{"time":"2021-12-30","value":660385000},{"time":"2022-12-30","value":782519000},{"time":"2023-12-30","value":807821000}],"Net Margins":[{"time":"2014-12-30","value":0.020470345820693934},{"time":"2015-12-30","value":-0.12693122966291373},{"time":"2016-12-30","value":-0.29027547658053465},{"time":"2017-12-30","value":-0.053236685443736484},{"time":"2018-12-30","value":0.026316518109112595},{"time":"2019-12-30","value":0.030975550750430868},{"time":"2020-12-30","value":-0.21288906728107718},{"time":"2021-12-30","value":0.23156946326763933},{"time":"2022-12-30","value":0.1539758140057941},{"time":"2023-12-30","value":0.10397971827917324}],"Assets":[{"time":"2014-12-30","value":1707285000},{"time":"2015-12-30","value":1574065000},{"time":"2016-12-30","value":1408163000},{"time":"2017-12-30","value":1537074000},{"time":"2018-12-30","value":1548261000},{"time":"2019-12-30","value":1629223000},{"time":"2020-12-30","value":1477179000},{"time":"2021-12-30","value":1635650000},{"time":"2022-12-30","value":1918243000},{"time":"2023-12-30","value":2123870000}],"Stockholders Equity":[{"time":"2014-12-30","value":231473000},{"time":"2015-12-30","value":137420000},{"time":"2016-12-30","value":-107793000},{"time":"2017-12-30","value":-140633000},{"time":"2018-12-30","value":-108895000},{"time":"2019-12-30","value":53988000},{"time":"2020-12-30","value":-7898000},{"time":"2021-12-30","value":174500000},{"time":"2022-12-30","value":217641000},{"time":"2023-12-30","value":226142000}],"ROE":[{"time":"2014-12-30","value":0.05244672164788118},{"time":"2015-12-30","value":-0.7638771648959395},{"time":"2016-12-30","value":2.314426725297561},{"time":"2017-12-30","value":0.3690670041882062},{"time":"2018-12-30","value":-0.1134671013361495},{"time":"2019-12-30","value":0.305938356671853},{"time":"2020-12-30","value":10.341858698404659},{"time":"2021-12-30","value":0.8763610315186247},{"time":"2022-12-30","value":0.5536135195114891},{"time":"2023-12-30","value":0.3714347622290419}],"ROA":[{"time":"2014-12-30","value":0.01978697171239717},{"time":"2015-12-30","value":-0.006181447398932064},{"time":"2016-12-30","value":-0.08419124774617712},{"time":"2017-12-30","value":0.05323035846029534},{"time":"2018-12-30","value":0.055425409540122754},{"time":"2019-12-30","value":0.05770664912047031},{"time":"2020-12-30","value":-0.003665771040611869},{"time":"2021-12-30","value":0.1207538287530951},{"time":"2022-12-30","value":0.11122261361047583},{"time":"2023-12-30","value":0.08441382947167199}]}
Everi Holdings Inc. develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, Australia, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and Financial Technology Solutions. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages. It also provides financial access services, such as funds dispensed and transmitted, credit card and POS debit card financial access transactions; check warranty; CashClub, a software payments platform that provides gaming operators with a personal computer workstation software user interface and point-of-sale terminal; CashClub Wallet, a digital payments platform for gaming operators; fully integrated kiosks that provide multiple functions to gaming operators on their casino floors; loyalty kiosk and related equipment; and other integrated kiosk solutions. In addition, the company offers non-funds dispensing terminals that perform authorizations for credit card financial access and POS debit card financial access transactions; and database services. Further, it provides Everi Compliance, a anti-money laundering management tool; Central Credit, a gaming patron credit bureau service; JackpotXpress, a jackpot payout and tax form management platform; and Loyalty platform, a software platform to adopt and deliver new promotional strategies, as well as support and maintenance services. It offers products for the casino, sports, entertainment, and hospitality industries. The company was formerly known as Global Cash Access Holdings, Inc. and changed its name to Everi Holdings Inc. in August 2015. Everi Holdings Inc. was founded in 1998 and is based in Las Vegas, Nevada.
DCF
Discounted Cash Flow Valuation of Everi Holdings Inc.
Value
Growth
%
%
Discount
%
%
Multiple
| g\r | +10% | +11% | +12% | +13% | +14% |
|---|---|---|---|---|---|
| 0% | 10 | 9 | 8 | 8 | 7 |
| +1% | 11 | 10 | 9 | 8 | 8 |
| +2% | 13 | 11 | 10 | 9 | 8 |
| +3% | 14 | 13 | 11 | 10 | 9 |
| +4% | 17 | 14 | 12 | 11 | 10 |
| Years | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | TV |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FCF | $157.6M | $197.2M | $242.2M | $292.1M | $345.9M | $401.7M | $457.7M | $511.2M | $559.6M | $600.1M | $630.1M | $6.301B |
| DCF | $171.4M | $183.1M | $192.1M | $197.7M | $199.7M | $197.9M | $192.2M | $182.9M | $170.6M | $155.7M | $1.557B | |
| Value | $3.401B | |||||||||||
In the chart Earnings are multiplied by this value.
Earnings Growth 57%
Earnings Stability 0.84%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -13% | -29% | -5.3% | 2.6% | 3.1% | -21% | 23% | 15% | 10% | 7.6% |
| ROA | -0.62% | -8.4% | 5.3% | 5.5% | 5.8% | -0.37% | 12% | 11% | 8.4% | 7.2% |
| ROE | -76% | 230% | 37% | -11% | 31% | 1K% | 88% | 55% | 37% | 26% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +5.57%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +3.43%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +7.1%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.23%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +205.6%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is -17.99%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 12-2015 | 12-2016 | 12-2017 | 12-2018 | 12-2019 | 12-2020 | 12-2021 | 12-2022 | 12-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | 24.90 | 22.77 | -1811.33 | 6.23 | -38.23 | -28.48 | 3.50 | 6.88 | 6.75 | 6.23 |
| Debt Equity | 8.62 | -10.77 | -8.53 | -10.94 | 20.82 | -145.16 | 5.76 | 4.59 | 4.39 | 4.25 |
| MIN | ||||||||||
| Graham Stability | - | - | - | - | - | - | - | 100% | 100% | 100% |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is 6.23.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is 4.85.
What is the Graham’s Stability?
Graham’s Stability measure stands at 1.00.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 12-2016 | 12-2018 | 12-2020 | 12-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | -0.88% | 11% | 28% | 3.2% | 0.67% |
| Net Income | - | 47% | - | -30% | -17% |
| Stockholders Equity | - | - | - | 3.9% | 7% |
| FCF | 16% | -5.1% | - | 1.4% | -54% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +11.46%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +0.67%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +46.72%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -16.52%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is -.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +6.96%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is -5.11%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is -53.77%.