Playtech (LON:PTEC) is a mid cap supplier of softward platforms to online betting firms. in the Software industry. Its gaming applications include online casino, poker and other pay to play games, bingo, mobile, live gaming, land-based terminal and fixed-odds games.
Even though Playtech net income fell 50% to EUR123.8m for the year to 31 December 2018, the group’s share price displays favourable value traits. Let’s explore this in more detail.
Breaking down Playtech’s Value Rank
We can see by using Playtech’s StockReport that the group has a:
- Rolling price to book value of 1.16,
- Trailing twelve month price to earnings ratio of 11.3
- Trailing twelve month price to free cashflow of 5.77
- Rolling dividend yield of 4.97%
- Trailing twelve-month price to sales ratio of 1.25
This combination of financial traits gives Playtech a Value Rank of 79 and suggests that Playtech stock might be good value at current levels, although further research is required if this is to be confirmed.
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Scoring well in a factor is certainly good news for a stock, but it is no guarantee of success. Studies indicate that combining factors such as Value, Quality and Momentum is a more effective way of outperforming the market over longer time frames. That’s why we have constructed our StockReports to give an instant impression of how well exposed Playtech (LON:PTEC) is to these three factors.