Entain ADR (GMVHY)
OTHER OTC:GMVHY
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Entain ADR
(OTC:GMVHY)
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Rating:49Neutral
Price Target:
$8.00
▼(-21.26% Downside)
Action:ReiteratedDate:03/07/26
The score is held back mainly by weak financial performance (revenue drop, net losses, and higher leverage) and a bearish technical trend. These are partly offset by positive cash generation and a generally constructive earnings outlook, though near-term regulatory/tax headwinds meaningfully constrain improvement.
Positive Factors
Improving cash generation
A clear cash-flow turnaround to positive adjusted cash flow in 2025, plus a credible target of £500m annual adjusted cash flow by 2028, strengthens the firm's ability to service debt, fund operations and invest. Durable cash generation reduces reliance on external financing and supports strategic flexibility over the medium term.
Negative Factors
Materially higher leverage
The balance sheet is substantially more leveraged than in prior years, leaving the company sensitive to earnings volatility and limiting financial flexibility. Elevated leverage increases refinancing and covenant risk, constrains capacity for strategic M&A or shareholder returns, and makes recovery more dependent on sustained cash conversion.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation
A clear cash-flow turnaround to positive adjusted cash flow in 2025, plus a credible target of £500m annual adjusted cash flow by 2028, strengthens the firm's ability to service debt, fund operations and invest. Durable cash generation reduces reliance on external financing and supports strategic flexibility over the medium term.
Read all positive factors
Entain ADR (GMVHY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$4.88B
Dividend Yield2.55%
Average Volume (3M)193.00
Price to Earnings (P/E)―
Beta (1Y)1.53
Revenue Growth8.03%
EPS Growth-11.05%
CountryUS
Employees19,272
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)-1.19
Shares Outstanding639,907,840
10 Day Avg. Volume0
30 Day Avg. Volume193
Financial Highlights & Ratios
PEG Ratio-0.17
Price to Book (P/B)5.47
Price to Sales (P/S)0.94
P/FCF Ratio9.03
Enterprise Value/Market Cap1.46
Enterprise Value/Revenue1.36
Enterprise Value/Gross Profit2.47
Enterprise Value/Ebitda6.52
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Entain ADR Business Overview & Revenue Model
Company Description
Entain PLC operates as a sports-betting and gaming company. The company provides online betting, casino, poker, and bingo services through mobile and web under the bwin; online and multi-channel betting under the Ladbrokes; street and online betti...
How the Company Makes Money
Entain makes money primarily through its online sports betting and gaming operations, which generate revenue from customer wagers and gaming activities. Key revenue streams include sportsbook operations, where customers place bets on various sport...
Entain ADR Key Performance Indicators (KPIs)
Any
Operating Profit by Segment
Reveals the profitability of each business segment, highlighting which areas are driving earnings and which may need strategic adjustments.
Reveals the profitability of each business segment, highlighting which areas are driving earnings and which may need strategic adjustments.
Data provided by:
The Fly
The FlyEntain ADR Earnings Call Summary
Earnings Call Date:Mar 05, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call balanced clear operational and financial outperformance against material regulatory headwinds. Highlights include broad-based revenue and volume growth, EBITDA and EPS beats, a cash flow turnaround to GBP 151m, strong BetMGM profitability and distributions, margin gains driven by efficiency programs (Project Romer) and a credible plan to target GBP 500m annual adjusted cash flow by 2028. Offsetting these positives are the substantial UK gambling tax increases (which raise the group's ETR, depress 2026 margins and delay deleveraging), regulatory friction in markets such as Brazil and the Netherlands, and risks from the black market and promotional dynamics. Overall the company presented strong execution and a clear mitigation roadmap, while acknowledging significant near-term headwinds.Positive Updates
Strong revenue and volume momentum
Total revenue (including 50% of BetMGM) rose to GBP 6.4bn, up 8% year‑on‑year; online NGR ex U.S. was GBP 3.9bn, up 6% y/y (would have been 7% excluding adverse Q4 sports results). Online volumes grew 7% for 2025 and 9% in Q4, with 7 consecutive quarters of online revenue growth.
Negative Updates
Significant UK gambling tax increase and near-term impact
UK gaming duty rose materially (management referenced an increase from 21% to 40%), creating a major headwind: online EBITDA margin is guided lower for 2026 (23–24%) and the effective tax rate (ETR) is expected to rise to 30%. Management expects the U.K. tax change to delay deleveraging by a year and materially raises the cost of operating in the U.K.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong revenue and volume momentum
Total revenue (including 50% of BetMGM) rose to GBP 6.4bn, up 8% year‑on‑year; online NGR ex U.S. was GBP 3.9bn, up 6% y/y (would have been 7% excluding adverse Q4 sports results). Online volumes grew 7% for 2025 and 9% in Q4, with 7 consecutive quarters of online revenue growth.
Read all positive updates
Company Guidance
Management guided 2026 online NGR growth of 5–7% (constant currency) with online EBITDA margin of 23–24%, implying a small Entain EBITDA decline year‑on‑year but total group EBITDA (including BetMGM) broadly stable y/y; they expect to mitigate ~25% of the U.K. gaming tax impact in 2026 and >50% from 2027. BetMGM is targeting ~$500m adjusted EBITDA in 2027 (after delivering 33% revenue growth and an EBITDA uplift of >$460m in 2025) and returned $270m to parents in 2025. Cash and capital metrics: adjusted cash flow turned to an inflow of £151m in 2025 (vs an outflow in 2024) with a target of at least £500m annual adjusted cash flow from 2028, year‑end net debt £3.6bn, reported leverage 3.1x and look‑through leverage 3.6x (down from 4.3x), available cash >£900m, next material debt maturity ~20% not until 2028, and an ETR guide of 30% (including U.S.) with a deferred tax asset expected in 2026 that will boost EPS; marketing is weighted ~55% into H1 for the World Cup and the Board declared a final dividend of 9.8p (+5%), noting 2025 EPS of 62p.Entain ADR Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
28
Negative
Cash Flow
63
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.14B | 5.09B | 4.77B | 4.30B | 3.83B |
| Gross Profit | 2.53B | 3.12B | 2.35B | 2.36B | 2.07B |
| EBITDA | 1.12B | 554.70M | -1.80M | 799.90M | 704.50M |
| Net Income | -652.09M | -452.70M | -928.60M | 24.20M | 249.30M |
Balance Sheet | |||||
| Total Assets | 9.38B | 10.14B | 10.85B | 8.74B | 7.25B |
| Cash, Cash Equivalents and Short-Term Investments | 553.13M | 390.60M | 400.60M | 658.50M | 487.10M |
| Total Debt | 3.99B | 3.96B | 3.63B | 3.39B | 2.58B |
| Total Liabilities | 8.05B | 8.12B | 8.06B | 5.42B | 4.08B |
| Stockholders Equity | 888.34M | 1.55B | 2.27B | 3.13B | 3.17B |
Cash Flow | |||||
| Free Cash Flow | 537.85M | 281.00M | 187.50M | 431.80M | 455.60M |
| Operating Cash Flow | 642.41M | 579.30M | 448.10M | 643.80M | 631.80M |
| Investing Cash Flow | -331.08M | -316.50M | -1.52B | -921.50M | -849.30M |
| Financing Cash Flow | -367.27M | -58.70M | 829.30M | 442.30M | -30.40M |
Entain ADR Technical Analysis
Positive
10.16
Price Trends
7.82
Negative
8.80
Negative
10.24
Negative
Market Momentum
-0.09
Negative
50.89
Neutral
58.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GMVHY, the sentiment is Positive. The current price of 10.16 is above the 20-day moving average (MA) of 7.47, above the 50-day MA of 7.82, and below the 200-day MA of 10.24, indicating a neutral trend. The MACD of -0.09 indicates Negative momentum. The RSI at 50.89 is Neutral, neither overbought nor oversold. The STOCH value of 58.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GMVHY.
Entain ADR Risk Analysis
Entain ADR disclosed 12 risk factors in its most recent earnings report. Entain ADR reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Entain ADR Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $5.14B | 55.90 | 27.50% | ― | 23.15% | ― | |
73 Outperform | $5.37B | 17.39 | 30.38% | 1.34% | 29.54% | 4389.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | $383.57M | ― | 16.40% | ― | 1.79% | ― | |
50 Neutral | $1.96B | -2.53 | -34.58% | ― | 8.24% | -77.54% | |
49 Neutral | $4.88B | -7.45 | -57.07% | 2.55% | 8.03% | -11.05% | |
47 Neutral | $1.26B | -0.60 | -49.45% | ― | ― | ― |
* Consumer Cyclical Sector Average
GMVHY
Entain ADR
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.