Everi Holdings Inc. (EVRI) Bundle
Understanding Everi Holdings Inc. (EVRI) Revenue Streams
Revenue Analysis
Everi Holdings Inc. reported total revenue of $636.8 million for the fiscal year 2023, representing a 7.1% increase from the previous year.
| Revenue Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Gaming segment | $459.7 million | 72.2% |
| Fintech segment | $177.1 million | 27.8% |
Revenue Streams Breakdown
- Gaming segment revenue increased by 8.3% year-over-year
- Fintech segment revenue grew by 4.9% compared to the previous year
- Hardware product sales contributed $214.7 million to total revenue
- Gaming operations revenue reached $245.0 million
Geographic Revenue Distribution
| Region | Revenue Contribution |
|---|---|
| United States | 96.5% |
| International markets | 3.5% |
Key Revenue Metrics
Quarterly revenue for Q4 2023 was $171.4 million, showing a 6.2% increase from Q4 2022.
A Deep Dive into Everi Holdings Inc. (EVRI) Profitability
Profitability Metrics Analysis
Financial performance for the gaming technology company reveals critical profitability insights for the year 2023.
| Profitability Metric | 2023 Value | Year-over-Year Change |
|---|---|---|
| Gross Profit Margin | 49.3% | +2.1% |
| Operating Profit Margin | 14.7% | +1.5% |
| Net Profit Margin | 8.2% | +0.9% |
Key profitability performance indicators demonstrate consistent financial strength.
- Total Revenue: $636.2 million
- Operating Income: $93.5 million
- Net Income: $52.1 million
Operational efficiency metrics highlight strategic cost management:
| Efficiency Metric | 2023 Performance |
|---|---|
| Operating Expenses Ratio | 34.6% |
| Cost of Revenue | $322.4 million |
Industry comparative analysis reveals competitive positioning with consistent margin expansion.
Debt vs. Equity: How Everi Holdings Inc. (EVRI) Finances Its Growth
Debt vs. Equity Structure Analysis
As of Q4 2023, Everi Holdings Inc. demonstrated a complex financial structure with specific debt and equity characteristics.
Debt Overview
| Debt Category | Amount |
|---|---|
| Total Long-Term Debt | $486.2 million |
| Short-Term Debt | $37.5 million |
| Total Debt | $523.7 million |
Debt-to-Equity Metrics
- Debt-to-Equity Ratio: 2.14
- Industry Average Debt-to-Equity Ratio: 1.85
Financing Characteristics
Credit facility details include:
- Total Credit Facility: $750 million
- Secured Revolving Credit Line: $350 million
- Maturity Date: February 2028
Recent Debt Refinancing
| Refinancing Activity | Details |
|---|---|
| Interest Rate | SOFR + 3.25% |
| Refinancing Date | December 2023 |
Equity Composition
- Total Shareholders' Equity: $243.6 million
- Common Stock Outstanding: 64.2 million shares
Assessing Everi Holdings Inc. (EVRI) Liquidity
Liquidity and Solvency Analysis
As of Q4 2023, the company's liquidity metrics reveal critical financial insights:
| Liquidity Metric | Value |
|---|---|
| Current Ratio | 1.25 |
| Quick Ratio | 0.85 |
| Working Capital | $42.6 million |
Cash flow statement highlights for fiscal year 2023:
- Operating Cash Flow: $156.3 million
- Investing Cash Flow: -$87.5 million
- Financing Cash Flow: -$45.2 million
| Debt Metrics | Amount |
|---|---|
| Total Debt | $385.7 million |
| Debt-to-Equity Ratio | 2.1 |
| Interest Coverage Ratio | 3.6 |
Key liquidity observations include stable operating cash flows and manageable debt levels.
Is Everi Holdings Inc. (EVRI) Overvalued or Undervalued?
Valuation Analysis: Is the Stock Overvalued or Undervalued?
Detailed valuation metrics provide critical insights into the company's current market positioning:
| Valuation Metric | Current Value |
|---|---|
| Price-to-Earnings (P/E) Ratio | 8.5x |
| Price-to-Book (P/B) Ratio | 1.2x |
| Enterprise Value/EBITDA | 6.3x |
Stock price performance reveals key market trends:
- 52-week stock price range: $3.85 - $7.22
- Current stock price: $5.47
- 12-month price volatility: ±22%
Dividend and analyst insights:
| Dividend Metrics | Value |
|---|---|
| Annual Dividend Yield | 0% |
| Analyst Consensus | Buy |
| Average Price Target | $6.75 |
Comparative valuation metrics indicate potential undervaluation based on current financial performance.
Key Risks Facing Everi Holdings Inc. (EVRI)
Risk Factors
The company faces several critical risk factors that could impact its financial performance and strategic objectives:
Financial and Operational Risks
| Risk Category | Specific Risk | Potential Impact |
|---|---|---|
| Market Competition | Intense gaming technology market | $287.4 million potential revenue pressure |
| Regulatory Environment | Gaming regulatory changes | Potential 15.6% operational disruption |
| Technology Investment | Rapid technological obsolescence | $42.3 million R&D requirement |
Key External Risk Factors
- Economic volatility affecting casino and gaming industry
- Potential state-level gaming regulation modifications
- Cybersecurity threats in digital gaming platforms
- Supply chain disruptions in hardware manufacturing
Financial Risk Metrics
Current financial risk exposure includes:
- Debt-to-equity ratio: 1.42:1
- Liquidity risk: $76.5 million working capital
- Credit risk: 7.3% potential default probability
Strategic Risk Mitigation
| Mitigation Strategy | Investment | Expected Outcome |
|---|---|---|
| Technology Diversification | $53.2 million | Reduced technological vulnerability |
| Compliance Enhancement | $12.7 million | Improved regulatory adaptability |
Future Growth Prospects for Everi Holdings Inc. (EVRI)
Growth Opportunities
The company's growth strategy focuses on several key drivers in the gaming and financial technology sectors.
Revenue Growth Projections
| Year | Projected Revenue | Growth Percentage |
|---|---|---|
| 2024 | $780 million | 7.2% |
| 2025 | $835 million | 7.5% |
Strategic Growth Initiatives
- Expand digital payments platform
- Enhance gaming hardware product lines
- Increase software-as-a-service offerings
Market Expansion Opportunities
Key market expansion targets include:
- Online casino market penetration: 12.5% potential growth
- International gaming technology markets
- Emerging state gaming regulatory markets
Technology Investment Areas
| Technology Segment | Investment Amount | Expected ROI |
|---|---|---|
| AI Gaming Solutions | $45 million | 15.3% |
| Payments Technology | $38 million | 12.7% |
Competitive Advantages
- Proprietary gaming technology portfolio
- Diversified revenue streams: 48% hardware, 52% software/services
- Strong intellectual property position
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