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Inspired Entertainment, Inc. (the Company , Inspired , we or us ) is a global gaming technology company, supplying content, platform and other products and services to licensed online and land-based lottery, betting and gaming operators worldwide through a broad range of distribution channels, on a business-to-business basis. We provide end-to-end digital gaming solutions (i) on our own proprie…
10.03% operating margin is respectable but not wide. ROIC at 5.51%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue growth slowed to 2.4%, essentially flat. This is a business that needs a catalyst.
Net debt of $329M represents 20.2x FCF, leverage limits flexibility.
Profitability & Returns
Revenue (TTM)
$301M
▲ +2.4% YoY
Net Income (TTM)
-$17M
▼ -126.2% YoY
Op. Margin
10.03%
ROIC
5.51%
Cash Flow & Balance Sheet
FCF (TTM)
$23M
▲ +10.9% YoY
Op. Cash Flow (TTM)
$53M
▲ +64.0% YoY
Net Debt
$309M
Cash & Equiv.
$42M
5Y CAGR: +8.8%
5Y CAGR: -12.9%
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