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Stride Gaming (STR)

Business description

Stride Gaming is a leading online gaming operator in the UK. It uses its proprietary and purchased software to provide online bingo and slot gaming. It was formed in 2012 and only operates in regulated real money gaming markets.

Stock data

Market cap.£76.9m
Last close101.50p
High / Low (52 weeks)235.0p / 83.5p
Stock market listingLN
Forecast net cash (£m)23
Forecast gearing ratio (%)N/A
SectorTravel & Leisure

Price performance

Relative *(20.2)(3.1)(50.9)

* % Relative to local index

Other companies in sector Show

Company news

Stride Gaming says performance in year just ended was at the upper end

Mon, 18 Sep 2017 06:47:41 GMT

Stride Gaming PLC a dominant player in the multi-brand online bingo market

Fri, 03 Nov 2017 14:53:03 GMT

Stride Gaming's metrics to improve after latest deals

Fri, 29 Jul 2016 11:37:13 GMT

Stride Gaming shares advance as it strikes first B2B joint venture

Fri, 26 May 2017 11:35:04 GMT

Bingo! Stride Gaming setting a fast pace

Fri, 27 May 2016 11:47:33 GMT

Y/E Aug Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2017A 89.9 20.2 18.9 25.8 3.9 4.8
2018A 89.0 16.1 14.8 19.2 5.3 5.1
2019E 85.0 14.5 12.5 14.9 6.8 5.9
2020E 97.5 16.0 14.5 17.3 5.9 5.4

Last updated on 22/11/2018

Investment summary

Stride Gaming is a leading UK online gaming operator. During FY18, the company has faced a number of regulatory headwinds (rising taxes, regulatory fines etc) but we believe Stride is well positioned to take market share in a disrupted industry. The company has announced an 8p special dividend for FY19 and, going forward, the payout policy will be at least 50% of adjusted net earnings.

Last updated on 29/11/2018

Industry outlook

Regulatory burdens are increasing, with POCT on free bets (from 2017) and a rise in remote gaming duty from 15%-21% being implemented from April 2019. Operators need to comply with other measures including social responsibility, source of funds, GDPR, AML etc. The recent £7.1m fine for procedural failures from the Gambling Commission is evidence of the stricter regulatory environment.

Last updated on 29/11/2018

Key management

Eitan Boyd, CEO
Ronen Kannor, CFO

Company address

Unit 450
Highgate Studios
53-79 Highgate Road
United Kingdom
+44 (0)20 7284 6080
View website