Morningstar - Aristocrat Leisure Limited (ALL) Aristocrat Leisure Acquires Plarium Global in Further Push Towards Digital Gaming

Report

Morningstar

Daniel Ragonese

EUR 101.80 For Business Accounts Only

Aristocrat Leisure Acquires Plarium Global in Further Push Towards Digital Gaming

Aristocrat Leisure has entered a binding agreement to acquire digital gaming company Plarium Global for USD 500 million, in addition to a potential earn-out component. Overall, we are pleased with the direction the company is taking, and we raise our fair value estimate by AUD 1 to AUD 18 per share. This reflects the highly cash-generative nature of Plarium, its strong growth outlook, and the earnings uplift, with management projecting EPS (pre-amortisation) accretion from day one. Still, the st...

10/08/2017 14 EN

Underlying

Aristocrat Leisure Limited

Aristocrat Leisure is a provider of gaming solutions. Co. is engaged in the design, development and distribution of gaming content, platforms and systems. Co.'s products and services include electronic gaming machines and casino management systems. Co. also operates within the online social gaming and real money wager markets.

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AU000000ALL7 Australian Securities Exchange Australia

Provider

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.

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Analysts

Daniel Ragonese

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Aristocrat Leisure Acquires Plarium Global in Further Push Towards Digital Gaming

Aristocrat Leisure Limited: 1 director

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

Aristocrat Leisure Acquisition, Entitlement and Shortfall

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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