Entain (ENT)

Company name:	Entain Plc
EPIC:	ENT	Trading Currency:	GBX
Market Sector:	FS10	ISIN:	IM00B5VQMV65
Market Segment:	SET1	Share Type:	DE
WWW Address:	https://entaingroup.com/	Description:	ORD EUR0.01
Industry Sector:	TRAVEL & LEISURE

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
1,212.50	-40.0 [-3.19]	1,206.00	1,207.00	1,270.50	1,275.50	1,204.50	1,603,018
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
7,111.96	586.55	0.50	45.10	-	26.88	-	2,500.00 - 1,204.50

Entain Key Figures

(at previous day's close)
Market Cap.	7,111.96	m
Shares In Issue	586.55	m
Prev. Close	1,252.50
PE Ratio	26.88
Dividend Yield	-	%
EPS - basic	45.10	p
Dividend PS	-	p
Dividend Cover	-
Cash Flow PS	107.71	p
Return On Equity (ROE)	7.87	%
Operating Margin	10.27	%
PEG Factor	0.14
EPS Growth Rate	185.44	%
Dividends PS Growth Rate	-	%
Net Debt	3,596.40	m
Gross Gearing	56.31	%
Quick Assets	1,194.40	m
Net Working Capital	-45.30	m
Intangibles / Fixed Assets	88.64	%
Turnover PS	652.97	p
Pre-Tax Profit PS	67.04	p
Retained Profit PS	38.33	p
Cash PS	83.04	p
Net Cash PS	-128.31	p
Net Tangible Asset Value PS *	-375.48	p
Net Asset Value PS	540.19	p
Spread	1.00 (0.08%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

Entain Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	1,362.50	1,204.50
4 weeks	1,504.00	1,204.50
12 weeks	1,616.50	1,204.50
1 year	2,500.00	1,204.50

Share Price Chart (5 years)

Entain Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	1,346.00	-133.50	-9.92	1,204.50	2.06		1,279.10
4 weeks	1,471.00	-258.50	-17.57	1,204.50	1.95		1,344.08
12 weeks	1,531.50	-319.00	-20.83	1,204.50	2.50		1,404.48
26 weeks	1,709.00	-496.50	-29.05	1,204.50	2.45		1,521.09
1 year	1,811.00	-598.50	-33.05	1,204.50	2.22		1,721.44
3 years	688.40	524.10	76.13	293.30	2.73		1,146.65
5 years	757.00	455.50	60.17	293.30	2.92		1,003.35
† periods calculated are whole weeks rather than calendar months

Entain Key Management Ratios

Entain Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	59.25
PE Ratio	26.88
Tobin's Q Ratio	0.98
Tobin's Q Ratio (excl. intangibles)	3.57
Dividend Yield	-	%
Market-to-Book Ratio	2.25
Price-to-Pre-Tax Profit PS	18.09
Price-to-Retained Profit PS	31.64
Price-to-Cash Flow PS	11.26
Price-to-Sales PS	1.86
Price-to-Net Tangible Asset Value PS	-3.23
Price-to-Cash PS	14.60
Net Working Capital PS	-7.72
Price Pct to Working Capital PS	-157.00	%
Earnings Yield	3.72	%
Average PE	54.53
Years in average	2
PE to PE average	49.30	%

Entain Financial Ratios

(Leverage Ratios)
Debt Ratio	47.30	%
Debt-to-Equity Ratio	0.90
Debt-to-Equity Ratio (excl. Intgbl)	-1.29
Debt-to-Equity Market Value	0.40
Net Gearing	49.59	%
Net Gearing (excl. Intangibles)	191.04	%
Gross Gearing	56.31	%
Gross Gearing (excl. Intangibles)	216.92	%
Gearing Under 1 Year	17.09	%
Gearing Under 1 Year (excl. Intgbl)	65.85	%
Assets/Equity	2.29
Cash/Equity	15.37
(Liquidity Ratios)
Net Working Capital to Total Assets	-0.62	%
Current Ratio	0.96
Quick Ratio (Acid Test)	0.96
Liquidity Ratio	0.39
Cash & Equiv/Current Assets	40.78	%
(Solvency Ratios)
Enterprise Value	9,470.06	m
CFO/Sales	0.16
CFO/Attributable Profit	2.53
CFO/Assets	0.09
CFO/Debt	0.15
Total Debt/Equity Market Value	0.57
Total Debt/Sales	1.07
Total Debt/Pre-Tax Profit	10.39
Total Debt	4,083.50	m
Total Debt/Net Current Assets	-90.14	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	4.41	%
Earn drops > 5% in 10yrs	9

Beta (60-Mnth)	Beta (36-Mnth)
0.5032	0.7713

Entain Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	6.54	%
Return On Assets (ROA)	3.43	%
Net Profit Margin	6.51	%
Assets Turnover	0.53
Return On Equity (ROE)	7.87	%
Return On Investment (ROI)	4.17	%
Dividend Payout Ratio	-	%
Plowback Ratio	100.00	%
Growth from Plowback Ratio	8.05	%
Net Income Of Revenues	5.87	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	1.24
Fixed Assets Turnover	0.65
Current Assets Turnover	2.81
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	1.90
Debtors-to-Sales	17.37	%
Debt Collection Period	63.39	Days

Entain Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
15 Aug 2019	Interim	GBX	17.60	31/12/2018	31/12/2019	22/08/2019	23/08/2019	26/09/2019	17.60
05 Mar 2019	Interim	GBX	16.00	31/12/2017	31/12/2018	14/03/2019	15/03/2019	25/04/2019	32.00
14 Sep 2018	Interim	GBX	16.00	31/12/2017	31/12/2018	20/09/2018	21/09/2018	25/10/2018	-
09 Mar 2018	Interim	GBX	17.50	31/12/2016	31/12/2017	22/03/2018	23/03/2018	03/05/2018	34.00
14 Sep 2017	Interim	GBX	16.50	01/07/2017	31/12/2017	21/09/2017	22/09/2017	19/10/2017	-
23 Mar 2017	Special	GBX	15.10	31/12/2015	31/12/2016	30/03/2017	31/03/2017	12/05/2017	30.00
03 Nov 2016	Special	GBX	14.90	31/12/2015	31/12/2016	05/01/2017	06/01/2017	14/02/2017	-
08 Oct 2015	Quarterly	GBX	14.00	31/12/2014	31/12/2015	15/10/2015	16/10/2015	02/11/2015	28.00
08 Jul 2015	Quarterly	GBX	14.00	31/12/2014	31/12/2015	23/07/2015	24/07/2015	17/08/2014	-
23 Mar 2015	Special	GBX	1.50	31/12/2013	31/12/2014	09/04/2015	10/04/2015	06/05/2015	-
23 Mar 2015	Final	GBX	14.00	31/12/2013	31/12/2014	09/04/2015	10/04/2015	06/05/2015	54.00
12 Jan 2015	Quarterly	GBX	12.50	31/12/2013	31/12/2014	22/01/2015	23/01/2015	13/02/2015	-
22 Sep 2014	Quarterly	GBX	15.00	31/12/2013	31/12/2014	09/10/2014	10/10/2014	03/11/2014	-
15 Jul 2014	Quarterly	GBX	12.50	31/12/2013	31/12/2014	23/07/2014	25/07/2014	18/08/2014	-
09 Apr 2014	Final	GBX	16.00	31/12/2012	31/12/2013	23/04/2014	25/04/2014	19/05/2014	48.00
09 Jan 2014	Interim	GBX	11.50	31/12/2012	31/12/2013	22/01/2014	24/01/2014	03/02/2014	-
25 Sep 2013	Interim	GBX	10.50	31/12/2012	31/12/2013	09/10/2013	11/10/2013	01/11/2013	-
17 Jul 2013	Interim	GBX	10.00	31/12/2012	31/12/2013	10/07/2013	12/07/2013	01/08/2013	-
25 Jan 2013	Final	GBX	7.00	31/12/2011	31/12/2012	20/02/2013	22/02/2013	01/03/2013	22.00
19 Sep 2012	Interim	GBX	15.00	31/12/2011	31/12/2012	03/10/2012	05/10/2012	02/11/2012	-
25 Apr 2012	Final	GBX	11.00	31/12/2010	31/12/2011	09/05/2012	11/05/2012	25/05/2012	21.00
29 Sep 2011	Interim	GBX	10.00	31/12/2010	31/12/2011	05/10/2011	07/10/2011	04/11/2011	-
28 Mar 2011	Final	GBX	10.00	31/12/2009	31/12/2010	13/04/2011	15/04/2011	19/05/2011	20.00
28 Sep 2010	Interim	GBX	10.00	31/12/2009	31/12/2010	06/10/2010	08/10/2010	28/10/2010	-
19 Apr 2010	Final	GBX	50.00	31/12/2008	31/12/2009	29/04/2010	01/05/2010	29/05/2010	70.00
28 Sep 2009	Interim	GBX	20.00	30/12/2008	30/06/2009	04/10/2009	06/10/2009	06/11/2009	-
21 Apr 2009	Final	GBX	20.00	31/12/2007	31/12/2008	29/04/2009	01/05/2009	29/05/2009	-
18 Sep 2008	Interim	GBX	20.00	30/12/2007	30/06/2008	08/10/2008	10/10/2008	31/10/2008	-
22 Apr 2008	Final	GBX	20.00	31/12/2006	31/12/2007	07/05/2008	09/05/2008	30/05/2008	40.00
25 Sep 2007	Interim	GBX	20.00	30/12/2006	30/06/2007	03/10/2007	05/10/2007	31/10/2007	-
17 Apr 2007	Final	GBX	13.00	31/12/2005	31/12/2006	25/04/2007	27/04/2007	29/05/2007	26.00
25 Sep 2006	Interim	GBX	13.00	30/12/2005	30/06/2006	04/10/2006	06/10/2006	31/10/2006	-
06 Apr 2006	Final	GBX	21.00	31/12/2004	31/12/2005	19/04/2006	21/04/2006	22/05/2006	42.00
05 Sep 2005	Interim	GBX	21.00	30/12/2004	30/06/2005	14/09/2005	16/09/2005	30/09/2005	-

Entain Fundamentals

	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
turnover	2,935.20	100.00%	3,600.50	100.00%	3,628.50	100.00%	3,830.00	100.00%	m
pre tax profit	-18.90	-0.64%	-174.20	-4.84%	174.70	4.81%	393.20	10.27%	m
attributable profit	-62.50	-2.13%	-153.70	-4.27%	57.80	1.59%	249.30	6.51%	m
retained profit	-205.20	-6.99%	-357.30	-9.92%	45.40	1.25%	224.80	5.87%	m
eps - basic (p)	-12.20		-26.40		15.80		45.10
eps - diluted (p)	-12.20		-26.40		15.60		44.70
dividends per share	32.00		17.60		-		-

Entain Balance Sheet

	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)


	31 Dec 2018 (GBP)		31 Dec 2019 (GBP)		31 Dec 2020 (GBP)		31 Dec 2021 (GBP)
ASSETS
fixed assets	195.60	2.59%	467.90	6.69%	470.20	6.47%	467.20	6.44%	m
intangibles	6,128.00	81.20%	5,364.40	76.76%	5,166.50	71.07%	5,369.50	74.04%	m
fixed investments	291.10	3.86%	152.00	2.17%	104.20	1.43%	220.90	3.05%	m
current assets - other	-	-%	-	-%	199.10	2.74%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	509.80	6.76%	614.40	8.79%	623.00	8.57%	707.30	9.75%	m
cash & securities	421.90	5.59%	390.10	5.58%	706.70	9.72%	487.10	6.72%	m

TOTAL	7,546.40	100%	6,988.80	100%	7,269.70	100%	7,252.00	100%	m

LIABILITIES
creditors - short	1,184.40	15.69%	1,259.90	18.03%	1,321.80	18.18%	1,239.70	17.09%	m
creditors - long	2,874.00	38.08%	2,873.00	41.11%	2,694.40	37.06%	2,843.80	39.21%	m
creditors - other	-	-%	-	-%	172.00	2.37%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	4,058.40	53.78%	4,132.90	59.14%	4,188.20	57.61%	4,083.50	56.31%	m

EQUITY
ord cap, reserves	3,449.80	45.71%	2,812.80	40.25%	3,029.20	41.67%	3,167.10	43.67%	m
prefs, minorities	38.20	0.51%	43.10	0.62%	52.30	0.72%	1.40	0.02%	m

TOTAL	3,488.00	46.22%	2,855.90	40.86%	3,081.50	42.39%	3,168.50	43.69%	m

OTHER
NAV Basic	-		-		-		-
NAV Diluted	-		-		-		-

Entain Cash Flow Statement

	31 Dec 2018 (GBP)	31 Dec 2019 (GBP)	31 Dec 2020 (GBP)	31 Dec 2021 (GBP)
Operating CF	296.50	437.30	710.30	631.80	m
Pre-Financing CF	-429.10	312.10	466.40	-217.50	m
Retained CF	154.40	-21.30	346.70	-247.90	m

Entain Brokers

Name	Activity	Type	Mnemonic	Code
Evolution Securities Limited	Market Maker(MMF)	Broker/Dealer	EVO	EVBGGB21MMT
Liberum Capital Limited	Market Maker(MMF)	Broker/Dealer	LIBC	LCAPGB21
Shore Capital Stockbrokers Ltd	Market Maker(MMF)	Broker/Dealer	SCAP	SHOCGB21
Seymour Pierce	Market Maker(MMF)	Broker/Dealer	SEYP	SPBTGB21
Winterflood Securities Ltd	Market Maker(MMF)	Broker/Dealer	WINS	WNTSGB2LBIC