International Game Technology Ordinary Shares (IGT) Company Bio
International Game Technology operates and provides a range of services and technology products across lotteries, machine gaming, sports betting, and interactive gaming markets in North America, Asia, and Europe. The company was founded in 2014 and is based in London, the United Kingdom.
IGT Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for IGT, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that International Game Technology PLC ranked in the 36th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 41.5%. As for the metrics that stood out in our discounted cash flow analysis of International Game Technology PLC, consider:
The company's compound free cash flow growth rate over the past 4.66 years comes in at 0%; that's greater than only 24.51% of US stocks we're applying DCF forecasting to.
21% of the company's capital comes from equity, which is greater than only 6.59% of stocks in our cash flow based forecasting set.
As a business, International Game Technology PLC experienced a tax rate of about 5% over the past twelve months; relative to its sector (Consumer Cyclical), this tax rate is higher than merely 23.96% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of International Game Technology PLC? See LEAT, ZAGG, RELX, FLWS, and JOUT.
International Game Technology (IGT) subsidiary IGT Global Solutions Corporation has signed a two-year contract extension with the Minnesota Lottery to continue providing instant ticket games and related services through June 30, 2022.As per the terms, IGT will supply a comprehensive range of instant ticket services, including research and analytics, graphics support,...
International Game Technology (IGT) expanded its U.S. sports betting footprint to North Dakota with an IGT PlaySports agreement to power retail sports betting at two casinos operated by the Turtle Mountain Band of Chippewa Indians.Grand Treasure Casino in Trenton, N.D. and Sky Dancer Casino and Resort in Belcourt, N.D. will...