IGT Intrinsic Value Calculator – International Game Technology (IGT) Sees Oversold Conditions
October 28, 2023
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International Game Technology ($NYSE:IGT) (IGT) is a gaming technology company that designs, manufactures, and markets gaming machines and systems. Recently, the company has seen conditions of overselling; investors have been unloading their stocks in response to a weak market. This has resulted in an overall decrease in the stock price of IGT, leaving the company undervalued compared to many of its competitors. IGT is currently focused on the development and implementation of innovative gaming solutions, technology, and services. The company is dedicated to providing customers with a wide range of gaming opportunities, from land-based to digital and social platforms. IGT operates across multiple markets, including the United States, Europe, Canada, Japan, and Latin America.
As more and more investors exit the IGT stock, the company’s value continues to decrease. Despite this, IGT remains committed to providing customers with cutting-edge products and services. The company is well-positioned to take advantage of new market opportunities, and its impressive portfolio of products and services makes it a leader in the gaming industry. It remains to be seen how IGT will respond to the current oversold conditions, but the company does not appear to be backing down anytime soon.
Price History
International Game Technology (IGT) saw oversold conditions on Friday. The stock opened at $25.8 and closed at $27.0, representing a 4.7% increase from the prior closing price of 25.8. This marked a strong rebound from the stock’s decline in the previous sessions.
Despite this positive momentum, IGT faces challenges from increased competition in the gaming market. Nevertheless, investors remain optimistic about the company’s long-term prospects. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for IGT. More…
| Total Revenues | Net Income | Net Margin |
| 4.27k | 269 | 3.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for IGT. More…
| Operations | Investing | Financing |
| 859 | 117 | -1.23k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for IGT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.51k | 8.61k | 7.13 |
Key Ratios Snapshot
Some of the financial key ratios for IGT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.3% | 21.9% | 23.6% |
| FCF Margin | ROE | ROA |
| 11.8% | 44.1% | 6.0% |
Analysis – IGT Intrinsic Value Calculator
We determined the fair value of IGT shares to be at $24.6, a figure calculated by our proprietary Valuation Line. Currently, IGT stock is traded at $27.0, which is an overvaluation of 9.8%. Based on our research, we recommend investors proceed with caution when considering IGT as an investment opportunity in the near future. More…
Peers
The competition between International Game Technology PLC and its competitors is fierce. Each company is fighting for market share and trying to gain an edge over the other. The competition is beneficial for consumers as it drives down prices and forces companies to innovate and create new and better products.
– Inspired Entertainment Inc ($NASDAQ:INSE)
Inspired Entertainment Inc is a global gaming technology company that provides virtual sports, mobile gaming and iLottery products to regulated lotteries, bookmakers and casinos. The company has a market cap of 246.77M as of 2022 and a Return on Equity of -56.33%. Inspired Entertainment Inc’s products are available in over 35,000 retail venues and over 100 online and mobile operators around the world. The company’s virtual sports games are based on official league data and are played using the same rules, scoring and odds as the corresponding real-world sporting event.
– Webis Holdings PLC ($LSE:WEB)
Webis Holdings PLC is a publicly traded company with a market capitalization of 6.49 million as of 2022. The company has a return on equity of 9.47%. Webis Holdings PLC is engaged in the business of providing online gaming and betting services. The company was founded in 2002 and is headquartered in the United Kingdom.
– Greek Organisation of Football Prognostics SA ($OTCPK:GRKZF)
As of 2022, the market cap for the Greek Organisation of Football Prognostics SA is 4.37B. The company’s ROE is 40.93%. The company is involved in the business of forecasting football matches.
Summary
Recently, its stock price has become oversold, suggesting that investors may be overlooking the potential of IGT. Fundamental analysis of the company reveals a number of strengths, such as a large, diverse customer base and a presence in multiple markets. IGT has also invested heavily in both emerging and established technologies, positioning it well for future growth.
Additionally, the company has reported strong financial performance over the past several years, as well as an increase in gross profit margin. With a focus on innovation and market leadership, IGT is poised to make significant strides in the gaming industry. While there may be some short-term volatility in its stock price, long-term investors should consider IGT as a compelling investment opportunity.
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