Jumbo Interactive Limited (JIN)
Views and News
Online Lotteries, already in Oz, becoming an international provider
Jumbo Interactive is an online lottery business. JIN has created the Ozlotteries.com website which sells lottery tickets both in Australia and eligible international jurisdictions. JIN has also become a leader in internet database management and marketing.
JIN's first major international website goes live in December 2013 in Germany, where it expects the internet lottery market to reach $1.8bn in five years.
JIN's ticket sales quadrupled from 2008 to 2013 to $109m in Australia, where it is in partnership with Tatts Group.
JIN has a unique technology, patents and domains. It has been positioning for launch in the USA, which has a $63.5bn lottery market and 42 states sell lotteries, working towards selling on the internet.
Half-year Performance & Estimates - JIN
| Year-end June | 1H12A | FY12A | 1H13A | FY13A | 1H14A | FY14E | FY15E |
|---|---|---|---|---|---|---|---|
| Sales, $m | 48.1 | 2.0 | 13.4 | 25.2 | 12.3 | 26.0 | 29.0 |
| EBITDA, $m | 4.3 | 10.6 | 3.1 | 6.7 | 3.7 | 7.0 | 6.4 |
| EBIT, $m | 4.3 | 8.4 | 3.1 | 4.5 | 2.5 | 4.7 | 3.9 |
| Report NPAT, $m | 3.5 | 6.8 | 2.5 | 3.0 | 1.8 | ||
| Adj. NPAT, $m | 1.8 | 3.6 | 3.5 | ||||
| Reported EPS, ¢ | 9.00 | 17.00 | 6.00 | 7.00 | 4.00 | ||
| Adjusted EPS, ¢ | 4.00 | 8.10 | 7.90 | ||||
| EPS %FY/Growth | 53% | 86% | -59% | -33% | 16% | -2% | |
| Dividend, ¢ | 1.00 | 3.0 | 1.5 | 3.0 | 1.5 | 3.00 | 3.00 |
| Franking, % | 100% | 100% | 100% | 100% | 100% | 100% | 100% |
| EBITDA Margin | 0 | 5.41 | 23% | 27% | 30% | 26.9% | 22.1% |
| NPAT Margin | 0 | 3.46 | 19% | 12% | 15% | 13.8% | 12.1% |
| ROE, % | 0 | 37% | 12% | 15% | 8% | ||
| EBIT/Interest | 0.0 | -12.5 | -6.8 | -4.9 | -5.84 | ||
| Net Debt / Equity | 0 | -1.17 | -1.15 | -1.19 | -1.14 | ||
| CashFlow/Sh, ¢ | 14.6 | 32.2 | 14.1 | 20.4 | 6.4 | 13.7 | 16.0 |
| Y/E Shares, m | 39.4 | 42.5 | 43.0 | 43.6 | 43.8 |
| Notes |
| Data sourced from IRESS Market Technology Limited. EPS Growth compared with the pcp is shown in most columns except the first half years which show their percentage of full year EPS. In a handful of cases, unadjusted share splits, or changes between positive and negative values, may give strange changes in ratios. |
Recent News Highlights
As at 24/01/2012 : see details at www.jumbointeractive.com
| 22/12/2011 |
Company Overview
Profile
Jumbo Interactive
Rating:
Category: Spec Stock ; Midcaps
Action:
Website: www.jumbointeractive.com
| ASX code: | JIN |
| Closing Price, 20/06/14: | $ 1.310 |
| Market Capitalisation: | $ 58 million |
| 52 Week High: | $ 2.68 |
| 52 Week Low: | $ 1.245 |
| Sector: | Casinos & Gaming |
| Index: | S&P/ASX All Index |
Summary of Fundamentals
| Year-end December | FY13A | FY13A | FY14E | FY15E |
|---|---|---|---|---|
| NPAT, $m | 3.0 | 1.8 | 3.6 | 3.5 |
| Reported EPS, ¢ | 7.00 | 4.00 | ||
| Adjusted EPS, ¢ | 2.98 | 8.10 | 7.90 | |
| EPS Growth, % | -59% | -57% | 172% | -2% |
| P/E Ratio, x | 18.71 | 43.96 | 16.17 | 16.58 |
| Dividend, ¢ | 3.0 | 1.5 | 3.00 | 3.00 |
| Franking, % | 100% | 100% | 100% | 100% |
| Div. Yield, % | 2.29 | 1.15 | 2.29 | 2.29 |
Notes
| Our Adjusted EPS is used for the last year and forward estimates and as basis for EPS Growth and P/E Ratio. We currently use Reported data for all historic NPAT, for the prior year EPS and as base for last year EPS growth. |
| Data & Chart sourced from IRESS Market Technology Ltd. |
One Year Chart
As at 23 June 2014
Other Highlights
| Sector: | Casinos & Gaming |
| Return on Equity, FY13 : | 8% |
| Net Debt to Equity, FY13 : | -114 % |
| EBIT / Interest Cover, FY13 : | -5.84 x |
| Gicscode: | 25500000 |
| First Listed: | 14-Jun-72 |
Business Activities
Jumbo Interactive Limited (JIN) runs online lotteries in Australia and is setting up similar operations in Germany ,with planned operations in the USA and Mexico, leveraging its developed expertise.
Glossary:
| ♠ | "A Core Stock" - reliable long-term yield & growth |
| ♥ | "We like it" - a seasoned performer, growth & yield |
| ♦ | "A tough scout" - creating a potential breakthrough |
| ♣ | "A steady performer" - giving reliable yield or growth |
| Best Stocks | Portfolio of selected attractive investments |
| Potential | Stocks that may have good improvement prospects |
| Speculative | More risky usually smaller stocks with spec. upside |
| Midcaps | In RR Midcap Index, $ 70m to 1,500m market cap. |
| Large Stocks | Larger Stocks upwards of $ 1,500m market cap |