Edison Investment Research - Entain PLC (ENT) Excellent interim results

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Edison Investment Research

Excellent interim results

GVC’s interims demonstrate the rapid progress it is making integrating bwin, with proforma EBITDA up 42%. In a confident statement management believes the group’s organic growth potential is greater than originally anticipated; it plans to increase marketing investment to take advantage of new opportunities. Our EPS estimates have increased, as has our 2016 EBITDA forecast (up 3%), but our 2017 EBITDA is unchanged to allow for regulatory and tax headwinds. Management is delivering on its ambitious targets yet the 2017e EV/EBITDA is below the peer group average at 10.1x.

20/09/2016 6 EN

Underlying

Entain PLC

GVC Holdings is a holding company. Through its subsidiaries, Co. is an online gaming company, provides business to consumer and business to business services to the online gaming and sports betting markets in Europe and Latin America. Co. operates in two segments, Sports and Gaming. Co. offers sports betting, casinos, games, and poker through online and mobile under the Sportingbet brand; and online bingo, sportsbook, casino, and poker access under the Betboo brand, as well as operates an online casino Website for German-speaking markets under the CasinoClub brand. Co. also various online poker games, including No Limit Texas Hold'em, Fixed Limit Texas Hold'em, and Pot Limit Texas Hold'em.

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IM00B5VQMV65 London Stock Exchange Isle of Man

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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TheScreener

ENTAIN sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ENTAIN (GB), a company active in the Gambling industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date April 5, 2022, the closing price was GBp 1,677.50 and its potential was estimated at GBp 1,902.72.

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Excellent interim results

ENTAIN sees an upgrade to Slightly Positive due to a better fundamental star rating

Form 8.3 - The Vanguard Group, Inc.: Entain plc

Form 8.3 - The Vanguard Group, Inc.: Entain plc

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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