Added to YB: 2024-06-18
Pitch date: 2024-06-17
EVRI [bullish]
Everi Holdings Inc.
+75.59%
current return
Author Info
No bio for this author
Company Info
Everi Holdings Inc. develops and supplies game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, Australia, and internationally.
Market Cap
$1.2B
Pitch Price
$8.11
Price Target
N/A
Dividend
N/A
EV/EBITDA
5.00
P/E
88.95
EV/Sales
2.01
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Everi Holdings: Merger Uncertainty Creates Opportunity
EVRI: Merger w/ IGT's gaming arm at discount due to uncertainty & recent gaming softness. MergeCo: diversified product offering, cross-sell opps, CAPEX/IP synergies. FinTech monopoly, gaming reacceleration, 73% recurring rev. Mgmt focused on ROIC & FCF. Trades at discount to peers despite better metrics. 47-215% 3yr return potential w/ or w/o merger. Risks: competition, iGaming cannibalization, merger execution. Margin of safety: valuation, vital FinTech biz, strong portfolio.
Read full article (9 min)