888 (888)

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Company name:	888 Holdings Plc
EPIC:	888	Trading Currency:	GBX
Market Sector:	F25S	ISIN:	GI000A0F6407
Market Segment:	STMM	Share Type:	DE
WWW Address:	http://corporate.888.com/investor-relations	Description:	ORD 0.5P
Industry Sector:	TRAVEL & LEISURE

Price	Price Change [%]	Bid	Offer	Open	High	Low	Volume
420.20	-4.8 [-1.13]	420.60	421.20	415.00	435.20	415.00	1,849,254
Market Cap. [m]	Shares In Issue [m]	Beta	EPS	DPS	PE Ratio	Yield	52-Wks-Range
1,550.61	369.02	0.08	2.25	13.17	187.03	3.13	456.00 - 177.40

888 Key Figures

(at previous day's close)
Market Cap.	1,550.61	m
Shares In Issue	369.02	m
Prev. Close	425.00
PE Ratio	187.03
Dividend Yield	3.13	%
EPS - basic	2.25	p
Dividend PS	13.17	p
Dividend Cover	-
Cash Flow PS	35.52	p
Return On Equity (ROE)	7.51	%
Operating Margin	3.14	%
PEG Factor	-2.58
EPS Growth Rate	-72.57	%
Dividends PS Growth Rate	200.00	%
Net Debt	107.01	m
Gross Gearing	69.10	%
Quick Assets	203.92	m
Net Working Capital	-14.70	m
Intangibles / Fixed Assets	92.74	%
Turnover PS	168.42	p
Pre-Tax Profit PS	5.29	p
Retained Profit PS	-4.34	p
Cash PS	37.66	p
Net Cash PS	-21.58	p
Net Tangible Asset Value PS *	-8.40	p
Net Asset Value PS	29.81	p
Spread	0.60 (0.14%)
* 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.

888 Balance Sheet

Share Price Performance

Sample Period ^†	High	Low
1 week	435.20	383.00
4 weeks	442.40	383.00
12 weeks	442.40	347.60
1 year	456.00	177.40

Share Price Chart (5 years)

888 Historic Returns

Period ^†	Open	Change	%	Open Avg.	Avg. Daily Vol [m]	Total Vol [m]	VWAP
1 week	385.00	35.20	9.14	383.00	1.82		402.44
4 weeks	400.20	20.00	5.00	383.00	1.91		404.60
12 weeks	398.80	21.40	5.37	347.60	1.34		392.60
26 weeks	335.00	85.20	25.43	326.50	1.18		394.07
1 year	191.20	229.00	119.77	177.40	1.15		336.54
3 years	222.40	197.80	88.94	68.40	1.08		222.11
5 years	217.00	203.20	93.64	68.40	1.05		235.74
† periods calculated are whole weeks rather than calendar months

888 Key Management Ratios

888 Investment Ratios

(Market value analysis) at previous day's close
PQ Ratio	34.22
PE Ratio	187.03
Tobin's Q Ratio	3.37
Tobin's Q Ratio (excl. intangibles)	6.84
Dividend Yield	3.13	%
Market-to-Book Ratio	14.10
Price-to-Pre-Tax Profit PS	79.40
Price-to-Retained Profit PS	-96.80
Price-to-Cash Flow PS	11.83
Price-to-Sales PS	2.50
Price-to-Net Tangible Asset Value PS	-50.00
Price-to-Cash PS	11.16
Net Working Capital PS	-3.98
Price Pct to Working Capital PS	-105.47	%
Earnings Yield	0.53	%
Average PE	41.78
Years in average	5
PE to PE average	447.67	%

888 Financial Ratios

(Leverage Ratios)
Debt Ratio	19.91	%
Debt-to-Equity Ratio	0.25
Debt-to-Equity Ratio (excl. Intgbl)	-0.88
Debt-to-Equity Market Value	0.02
Net Gearing	30.06	%
Net Gearing (excl. Intangibles)	49.78	%
Gross Gearing	69.10	%
Gross Gearing (excl. Intangibles)	114.43	%
Gearing Under 1 Year	61.41	%
Gearing Under 1 Year (excl. Intgbl)	101.70	%
Assets/Equity	3.24
Cash/Equity	126.33
(Liquidity Ratios)
Net Working Capital to Total Assets	-4.13	%
Current Ratio	0.93
Quick Ratio (Acid Test)	0.93
Liquidity Ratio	0.64
Cash & Equiv/Current Assets	68.15	%
(Solvency Ratios)
Enterprise Value	1,439.00	m
CFO/Sales	0.21
CFO/Attributable Profit	15.86
CFO/Assets	0.37
CFO/Debt	0.53
Total Debt/Equity Market Value	0.16
Total Debt/Sales	0.40
Total Debt/Pre-Tax Profit	12.60
Total Debt	245.98	m
Total Debt/Net Current Assets	-16.73	%
(Dodds - Graham Ratios)
3 yr Compound Earnings Growth	-	%
5 yr Compound Earnings Growth	-	%
10 yr Compound Earnings Growth	17.85	%
Earn drops > 5% in 10yrs	8

Beta (60-Mnth)	Beta (36-Mnth)
0.0817	0.0623

888 Operating Ratios

(Profitability Ratios)
Return On Capital Employed (ROCE)	14.22	%
Return On Assets (ROA)	1.80	%
Net Profit Margin	1.33	%
Assets Turnover	1.35
Return On Equity (ROE)	7.51	%
Return On Investment (ROI)	4.29	%
Dividend Payout Ratio	580.65	%
Plowback Ratio	-480.65	%
Growth from Plowback Ratio	-25.21	%
Net Income Of Revenues	-2.58	%
(Asset Utilisation Multiples)
Shareholders Equity Turnover	3.94
Fixed Assets Turnover	2.51
Current Assets Turnover	2.93
Net Working Capital Turnover
Inventory Turnover	-
(Other Operating Ratios)
Total Assets-to-Sales	0.74
Debtors-to-Sales	10.84	%
Debt Collection Period	39.58	Days

888 Dividends

Announcement Date	Type	Curr.	Dividend Amount	Period Start	Period End	Ex Date	Record Date	Payment Date	Total Dividend Amount
01 Sep 2021	Interim	USX	4.50	31/12/2020	31/12/2021	16/09/2021	17/09/2021	13/10/2021	-
18 Mar 2021	Special	USX	1.60	31/12/2019	31/12/2020	25/03/2021	26/03/2021	24/05/2021	-
18 Mar 2021	Final	USX	10.40	31/12/2019	31/12/2020	25/03/2021	26/03/2021	24/05/2021	18.00
30 Sep 2020	Interim	USX	3.20	31/12/2019	31/12/2020	08/10/2020	09/10/2020	04/11/2020	-
30 Sep 2020	Special	USX	2.80	31/12/2019	31/12/2020	08/10/2020	09/10/2020	04/11/2020	-
15 Apr 2020	Final	USX	3.00	31/12/2018	31/12/2019	23/04/2020	24/04/2020	22/05/2020	6.00
10 Sep 2019	Interim	USX	3.00	31/12/2018	31/12/2019	19/09/2019	20/09/2019	18/10/2019	-
12 Mar 2019	Final	USX	6.00	31/12/2017	31/12/2018	28/03/2019	29/03/2019	23/05/2019	10.20
27 Sep 2018	Interim	USX	4.20	31/12/2017	31/12/2018	04/10/2018	05/10/2018	31/10/2018	-
20 Mar 2018	Special	USX	5.60	31/12/2016	31/12/2017	29/03/2018	03/04/2018	11/05/2018	-
20 Mar 2018	Final	USX	5.90	31/12/2016	31/12/2017	29/03/2018	03/04/2018	11/05/2018	15.50
05 Sep 2017	Interim	USX	4.00	31/12/2016	31/12/2017	14/09/2017	15/09/2017	11/10/2017	-
21 Mar 2017	Special	USX	10.50	31/12/2015	31/12/2016	06/04/2017	07/04/2017	11/05/2017	-
21 Mar 2017	Final	USX	5.10	31/12/2015	31/12/2016	06/04/2017	07/04/2017	11/05/2017	19.40
31 Aug 2016	Interim	USX	3.80	31/12/2015	31/12/2016	13/09/2016	14/09/2016	06/10/2016	-
22 Mar 2016	Final	USX	4.00	31/12/2014	31/12/2015	14/04/2016	15/04/2016	12/05/2016	7.50
22 Mar 2016	Special	USX	8.00	31/12/2014	31/12/2015	14/04/2016	15/04/2016	12/05/2016	-
28 Aug 2015	Interim	USX	3.50	31/12/2014	31/12/2015	03/09/2015	04/09/2015	30/09/2015	-
24 Mar 2015	Special	USX	7.00	31/12/2013	31/12/2014	16/04/2015	17/04/2015	15/05/2015	-
24 Mar 2015	Final	USX	4.50	31/12/2013	31/12/2014	16/04/2015	17/04/2015	15/05/2015	8.00
27 Aug 2014	Interim	USX	3.50	31/12/2013	31/12/2014	03/09/2014	05/09/2014	01/10/2014	-
25 Mar 2014	Special	USX	7.00	31/12/2012	31/12/2013	02/04/2014	04/04/2014	21/05/2014	-
25 Mar 2014	Final	USX	4.00	31/12/2012	31/12/2013	02/04/2014	04/04/2014	21/05/2014	7.00
28 Aug 2013	Interim	USX	3.00	31/12/2012	31/12/2013	04/09/2013	06/09/2013	04/10/2013	-
13 Mar 2013	Special	USX	2.00	31/12/2011	31/12/2012	15/05/2013	17/05/2013	13/06/2013	-
13 Mar 2013	Final	USX	4.50	31/12/2011	31/12/2012	15/05/2013	17/05/2013	13/06/2013	7.00
29 Aug 2012	Interim	USX	2.50	31/12/2011	31/12/2012	12/09/2012	14/09/2012	18/10/2012	-
23 Mar 2010	Final	USX	3.00	31/12/2008	31/12/2009	12/05/2010	14/05/2010	03/06/2010	6.60
27 Aug 2009	Interim	USX	1.00	31/12/2008	31/12/2009	09/09/2009	11/09/2009	08/10/2009	-
27 Aug 2009	Special	USX	2.60	31/12/2008	31/12/2009	09/09/2009	11/09/2009	08/10/2009	-
30 Mar 2009	Final	USX	2.90	31/12/2007	31/12/2008	06/05/2009	08/05/2009	28/05/2009	5.40
28 Aug 2008	Interim	USX	2.50	30/12/2007	30/06/2008	08/10/2008	10/10/2008	31/10/2008	-
08 Apr 2008	Final	USX	5.00	31/12/2006	31/12/2007	07/05/2008	09/05/2008	29/05/2008	5.00
30 Apr 2007	Final	USX	8.88	31/12/2005	31/12/2006	09/05/2007	11/05/2007	31/05/2007	13.38
18 Sep 2006	Special	USX	4.00	30/12/2005	30/06/2006	11/10/2006	13/10/2006	31/10/2006	-
14 Sep 2006	Interim	USX	4.50	30/12/2005	30/06/2006	11/10/2006	13/10/2006	31/10/2006	-

888 Fundamentals

	31 Dec 2017 (USD)		31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)
turnover	541.80	100.00%	540.60	100.00%	560.30	100.00%	849.70	100.00%	m
pre tax profit	18.80	3.47%	108.70	20.11%	45.30	8.08%	26.70	3.14%	m
attributable profit	12.60	2.33%	94.80	17.54%	41.60	7.42%	11.30	1.33%	m
retained profit	-57.90	-10.69%	38.20	7.07%	1.20	0.21%	-21.90	-2.58%	m
eps - basic	3.50		26.30		11.30		3.10
eps - diluted	3.40		25.80		11.30		3.00
dividends per share	15.50		10.20		6.00		18.00

888 Balance Sheet

	31 Dec 2017 (USD)		31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)


	31 Dec 2017 (USD)		31 Dec 2018 (USD)		31 Dec 2019 (USD)		31 Dec 2020 (USD)
ASSETS
fixed assets	9.00	2.27%	11.00	2.89%	13.00	3.00%	15.10	3.10%	m
intangibles	159.80	40.33%	200.30	52.63%	273.70	63.20%	192.80	39.61%	m
fixed investments	1.30	0.33%	1.10	0.29%	0.90	0.21%	-	-%	m
current assets - other	-	-%	-	-%	-	-%	-	-%	m
stocks	-	-%	-	-%	-	-%	-	-%	m
debtors	46.50	11.74%	35.20	9.25%	46.00	10.62%	88.80	18.25%	m
cash & securities	179.60	45.33%	133.00	34.94%	99.50	22.97%	190.00	39.04%	m

TOTAL	396.20	100%	380.60	100%	433.10	100%	486.70	100%	m

LIABILITIES
creditors - short	283.00	71.43%	220.30	57.88%	235.60	54.40%	298.90	61.41%	m
creditors - long	-	-%	-	-%	32.80	7.57%	37.40	7.68%	m
creditors - other	-	-%	-	-%	-	-%	-	-%	m
subordinated loans	-	-%	-	-%	-	-%	-	-%	m
insurance funds	-	-%	-	-%	-	-%	-	-%	m

TOTAL	283.00	71.43%	220.30	57.88%	268.40	61.97%	336.30	69.10%	m

EQUITY
ord cap, reserves	113.20	28.57%	160.30	42.12%	164.70	38.03%	150.40	30.90%	m
prefs, minorities	-	-%	-	-%	-	-%	-	-%	m

TOTAL	113.20	28.57%	160.30	42.12%	164.70	38.03%	150.40	30.90%	m

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

888 Cash Flow Statement

	31 Dec 2017 (USD)	31 Dec 2018 (USD)	31 Dec 2019 (USD)	31 Dec 2020 (USD)
Operating CF	95.50	42.10	81.60	179.20	m
Pre-Financing CF	75.70	11.50	-1.30	148.30	m
Retained CF	4.80	-45.80	-33.00	89.40	m

888 Brokers

Name	Activity	Type	Mnemonic	Code
Deutsche Bank AG London Branch	Market Maker(MME)	Broker/Dealer	DEUT	DEUTGB2L
Commerzbank AG	Market Maker(MME)	Broker/Dealer	KLWT	DRESGB2LPST
Evolution Securities Limited	Market Maker(MME)	Broker/Dealer	EVO	EVBGGB21MMT
HSBC Bank plc	Market Maker(MME)	Broker/Dealer	HSBC	JCAPGB2L
J.P. Morgan Securities Ltd	Market Maker(MME)	Broker/Dealer	JPMS	JPMSGB2L
Morgan Stanley Securities Ltd	Market Maker(MME)	Broker/Dealer	MOST	MSSEGB21
Panmure Gordon (UK) Limited	Market Maker(MME)	Broker/Dealer	PMUR	PMURGB2L
Numis Securities Limited	Market Maker(MME)	Broker/Dealer	NUMS	RAZHGB2LBIC
Citigrp Global Mkt UK Equities	Market Maker(MME)	Broker/Dealer	CITI	SBUKGB21
Merrill Lynch International	Market Maker(MME)	Broker/Dealer	MLSB	SNCSGB2LBIC
UBS AG	Market Maker(MME)	Broker/Dealer	UBS.	UBSWGB2LEQU
Winterflood Securities Ltd	Market Maker(MME)	Broker/Dealer	WINS	WNTSGB2LBIC