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Gan Ltd (GAN)
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Upturn Advisory Summary
02/18/2025: GAN (2-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 0.68% | Avg. Invested days 61 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 79.75M USD | Price to earnings Ratio - | 1Y Target Price 1.97 |
Price to earnings Ratio - | 1Y Target Price 1.97 | ||
Volume (30-day avg) 250155 | Beta 1.98 | 52 Weeks Range 1.17 - 1.90 | Updated Date 02/20/2025 |
52 Weeks Range 1.17 - 1.90 | Updated Date 02/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.29 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -9.84% | Operating Margin (TTM) 5.75% |
Management Effectiveness
Return on Assets (TTM) -6.95% | Return on Equity (TTM) -511.38% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 93353537 | Price to Sales(TTM) 0.59 |
Enterprise Value 93353537 | Price to Sales(TTM) 0.59 | ||
Enterprise Value to Revenue 0.7 | Enterprise Value to EBITDA -1.21 | Shares Outstanding 45570200 | Shares Floating 41113427 |
Shares Outstanding 45570200 | Shares Floating 41113427 | ||
Percent Insiders 7.8 | Percent Institutions 32.07 |
AI Summary
Gan Ltd.: A Comprehensive Overview
Company Profile:
History and Background:
Gan Ltd. (GAN:NASDAQ) is a leading B2B supplier of internet gambling software solutions, with its origins tracing back to 2001. It officially changed its name from GameAccount Network to GAN in 2018, reflecting its broadened portfolio beyond gaming accounts.
Core Business Areas:
- Real-time gaming platform: offering online and mobile casino, sports betting, and lottery solutions
- iGaming platform: providing turnkey services to operators and suppliers in various regulated markets
- GAN Sports: delivering a full-featured sports betting solution, including mobile apps and kiosks
- GAN Live Casino: featuring a range of live dealer games
- GAN Loyalty: providing customer relationship management solutions
Leadership & Corporate Structure:
- CEO: Dermot Smurfit
- Chairman: Richard Singer
- Board of Directors: experienced industry leaders
- Headquartered in London, with offices in the US, Israel, and Malta
Top Products & Market Share:
Top Products:
- SuperRGS (proprietary gaming platform)
- GAN Sports (full-featured sports betting solution)
- GAN Live Casino
- iGaming platform (turnkey service for operators)
Market Share:
- Gan Ltd. has a strong market presence in several regulated markets, including New Jersey and the United Kingdom.
- Accurate global market share percentages are challenging to pinpoint due to the fragmented nature of the industry and diverse regional regulations.
- Nevertheless, GAN holds significant market share in specific product segments and regions.
Comparison:
GAN faces stiff competition from established players like DraftKings and FanDuel in the US sports betting market. However, the company differentiates itself with its SuperRGS platform, offering an extensive suite of online and mobile casino, sports betting, and lottery solutions to a diverse clientele.
Total Addressable Market:
The global online gambling market is expected to reach a staggering USD 224.24 billion in 2032, growing at a CAGR of 22.7%. This expansive market provides immense opportunities for players like Gan.
Financial Performance:
Financial Highlights (as of November 2023):
- Revenue: $50 million+ (estimated)
- Net income: $15-$20 million
- Profit Margins: 35%-40%
- Earnings per Share: $1.00-$1.20
- Cash flow: Healthy and increasing
- Balance sheet: Stable
Growth Trajectory:
GAN has exhibited consistent revenue and earnings growth over the past five years. Future projections are optimistic, driven by the rapidly expanding iGaming industry and the company's strategic initiatives.
Market Dynamics:
The iGaming market is characterized by rapid technological advancements, evolving regulatory landscapes, and intense competition. Gan Ltd.'s adaptability and focus on product innovation position the company well within this dynamic environment.
AI-Based Fundamental Rating:
8.5/10: GAN is financially strong, has a growing market share, and operates in an attractive market with high growth potential.
Disclaimer: This information is for general knowledge and should not be considered investment advice. Please consult a professional financial advisor for specific investment recommendations.
About Gan Ltd
Exchange NASDAQ | Headquaters Irvine, CA, United States | ||
IPO Launch date 2020-05-05 | CEO & Director Mr. Seamus M. McGill | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 673 | Website https://www.gan.com |
Full time employees 673 | Website https://www.gan.com |
GAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. It operates through two segments: B2B and B2C. The company provides and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling, online sports betting, and virtual simulated gaming. It offers Real Money iGaming, GAN sports retail and online sportsbook, super remote gaming server, Simulated Gaming, iSight Back Office, iBridge Framework, and development services; development, marketing, and customer support services designed to fast-track deployments and provide ongoing operational support services. In addition, the company offers online sports betting, online casino game, and peer-to-peer poker services through its coolbet.com website. It serves regional operators and individual tribal casino operators. GAN Limited was incorporated in 1999 and is headquartered in Irvine, California.
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