Report
Daniel Ragonese
EUR 101.80 For Business Accounts Only

Ainsworth is leveraging local expertise into overseas territories.

We remain optimistic about Ainsworth Game Technology whose shares are currently undervalued relative to our fair value estimate of AUD 2.40 per share. Notwithstanding the challenges suffered in recent years, we continue to view Ainsworth as a high-quality, narrow moat-rated company. We expect recovery to be driven by continued growth in North America, stabilisation of the challenging domestic market, and benefits under Novomatic control, underpinning our forecast 6% EPS CAGR during the next five...
Underlying
Ainsworth Game Technology Ltd.

Ainsworth Game Technology is a gaming machine developer, designer and manufacturer operating in local and global markets. Co. is engaged in the design, development, production, lease, sale and servicing of gaming machines and other related equipment and services. Co. provides its product within both land based and on-line gaming markets, including social gaming and licensed Real Money gambling markets. Co.'s game brands include Mustang Money 2™, Thunder Cash™, Twice The Money™ and Cash Cave™.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Daniel Ragonese

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