POINTSBET HOLDINGS LIMITED (PBH)
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PBH - POINTSBET HOLDINGS LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: -0.96
Index: ALL-ORDS

Pointsbet is an Australian provider of online bookmaker operating sports and racing betting platforms in Australia and the US. The company listed on the ASX in 2019.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.965

21 Nov
2024

-0.015

OPEN

$0.98

-1.53%

HIGH

$1.03

1,391,277

LOW

$0.96

TARGET
$0.95 -1.6% downside
OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BET . JIN . LNW . PLY . SGR . SKC . TAH . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
PBH: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx - 12.5 - 3.6 xxx
DPS (cps) xxx 139.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 18.58%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

139.00

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-12.5
DPS All xxxxxxxxxxxxxxx139.0
Sales/Revenue xxxxxxxxxxxxxxx245.5 M
Book Value Per Share xxxxxxxxxxxxxxx5.9
Net Operating Cash Flow xxxxxxxxxxxxxxx5.5 M
Net Profit Margin xxxxxxxxxxxxxxx-16.14 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-15.22 %
Return on Invested Capital xxxxxxxxxxxxxxx-15.11 %
Return on Assets xxxxxxxxxxxxxxx-11.51 %
Return on Equity xxxxxxxxxxxxxxx-15.22 %
Return on Total Capital xxxxxxxxxxxxxxx-11.32 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx5.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx42 M
Price To Book Value xxxxxxxxxxxxxxx7.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx15.9 M
Capex % of Sales xxxxxxxxxxxxxxx6.49 %
Cost of Goods Sold xxxxxxxxxxxxxxx188 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx87 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Ord Minnett

04/11/2024

1

Buy

$0.95

-1.55%

Ord Minnett notes PointsBet Holdings’ 1Q25 results showed stronger-than-expected customer growth in both the Australian and Canadian markets.

The analyst highlights results were especially positive given lower-than-anticipated promotional spending. Gross margins reached 13.2%, with a net interest margin of 10.2%.

Active customers increased by 5% over the quarter, exceeding the analyst's forecast by 3%.

The target price is raised to 95c from 85c due to a slight increase in EBITDA estimates, with the Buy rating retained.

FORECAST
Ord Minnett forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -3.00 cents.
Ord Minnett forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.60 cents.

EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

06/11/2024

1

Buy

$1.00

3.63%

Jarden reports that PointsBet delivered positive 1Q25 results with top-line growth across Australia and Ontario, maintaining FY25 guidance for earnings (EBITDA) of $11-16m.

In Australia, PointsBet achieved a 7% net win growth in the September quarter to $57m, note the analysts, benefiting from new product features and expanded customer offerings.

Ontario saw a 62% net win growth in online sports betting and iGaming, highlighted the broker, with PointsBet continuing to build out its iGaming content.

Despite a seasonally weak cash flow period, PointsBet reiterated its FY25 target for net cash flow breakeven.

Jarden raises the target price to $1.00 from $0.95 and retains a Buy rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.40 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 5.00 cents.

PBH STOCK CHART