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:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for International Game Technology PLC. To summarize, we found that International Game Technology PLC ranked in the 27th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for IGT, they are:
The compound growth rate in the free cash flow of International Game Technology PLC over the past 4.39 years is -0.04%; that's better than merely 22.97% of cash flow producing equities in the Consumer Cyclical sector, where it is classified.
19% of the company's capital comes from equity, which is greater than only 7.28% of stocks in our cash flow based forecasting set.
International Game Technology PLC's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than only 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
GPK, LB, YETI, MTN, and NTZ can be thought of as valuation peers to IGT, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
International Game Technology PLC ("IGT") (NYSE: IGT) announced today that Scott Gunn, the Company's Senior Vice President of Corporate Affairs, will be inducted into the Lottery Industry Hall of Fame as a member of the Class of 2020. Gunn will be honored on Oct. 14 during a virtual ceremony hosted by the Public Gaming Research Institute (PGRI).
International Game Technology PLC ("IGT") (NYSE: IGT) announced today that its subsidiary, IGT Global Solutions Corporation (hereinafter "IGT"), signed a two-year contract extension with the New York Lottery, extending its current contract to August 6, 2022. As part of the extension, IGT will deliver 400 new GameTouch™ self-service vending machines to the Lottery and continue providing the Lottery with an advanced central system, terminals, and ongoing services.