Everi Holdings (EVRI) AI Stock Analysis

• Market Cap: $1.22B
• Dividend Yield: N/A
• Average Volume (3M): 1.77M
• Price to Earnings (P/E): 86.9
• Beta (1Y): 0.30
• Revenue Growth: -6.41%
• EPS Growth: -75.66%
• Country: US
• Employees: 2,300
• Sector: Consumer Cyclical
• Sector Strength: 74
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): N/A
• Shares Outstanding: 86,856,255
• 10 Day Avg. Volume: 1,506,588
• 30 Day Avg. Volume: 1,773,850
• PEG Ratio: -14.98
• Price to Book (P/B): 4.53
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 2.65
• Enterprise Value/Market Cap: 0.42
• Enterprise Value/Revenue: 0.17
• Enterprise Value/Gross Profit: 0.88
• Enterprise Value/Ebitda: 0.62
• 1Y Price Target: $14.25
• Price Target Upside: 1.21% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 62 Neutral
• Price Target: ―

Everi Holdings' overall stock score is primarily influenced by solid technical indicators and a strong cash flow position. However, the high P/E ratio and declining profit margins are significant concerns. The company's high leverage and lack of dividend yield also weigh negatively on the overall score. Continued focus on reducing debt and improving profitability is essential for enhancing investor confidence.

Everi Holdings Business Overview & Revenue Model

Company Description

Everi Holdings Inc. provides entertainment and technology solutions for the casino and digital gaming industries in the United States, Canada, the United Kingdom, Europe, the Caribbean, Central America, and Asia. It operates in two segments, Games and FinTech. The company offers local and wide-area progressive gaming products, such as classic mechanical reel games and video reel games, as well as TournEvent, a slot tournament terminal and system machine; and sells player terminals, licenses, game content, and related equipment. It also provides financial access services, such as funds dispensed, credit card and POS debit card financial access transactions; check warranty; CashClub, a software payments platform that provides gaming establishments with a personal computer workstation software user interface and point-of-sale terminal; CashClub Wallet, a digital payments platform for gaming establishments; fully integrated kiosks that provide multiple functions to the casino floor; loyalty kiosk and related equipment; and other integrated kiosk solutions. In addition, the company offers non-funds dispensing terminals that perform authorizations for credit card financial access and POS debit card financial access transactions; and database services. Further, it provides Everi Compliance solutions to assist casino operators with meeting regulatory requirements; Central Credit, a gaming patron credit bureau service; JackpotXpress, a jackpot payout and tax form management platform; and loyalty platform, as well as support and maintenance services. The company was formerly known as Global Cash Access Holdings, Inc. and changed its name to Everi Holdings Inc. in August 2015. Everi Holdings Inc. was founded in 1998 and is headquartered in Las Vegas, Nevada.

How the Company Makes Money

Everi Holdings generates revenue through multiple streams primarily associated with its two segments: Games and Financial Technology Solutions. The Games segment earns income by leasing electronic gaming machines and selling gaming content and systems to casinos. This includes participation agreements where Everi earns a percentage of the revenue generated by its machines on the casino floor. The Financial Technology Solutions segment generates revenue by providing cash access services, such as ATMs and point-of-sale transactions, along with compliance and security services to gaming operators. Additionally, Everi earns from its comprehensive suite of loyalty and marketing solutions that help casinos enhance customer engagement. Strategic partnerships with casinos and gaming establishments, along with ongoing development and deployment of innovative gaming and financial solutions, significantly contribute to the company's earnings.

Everi Holdings Financial Statement Overview

Summary

Everi Holdings faces challenges with declining revenue and profitability margins, and high leverage is a concern. However, strong operating cash flows and a slightly improved equity position provide some resilience. Efforts to further improve cash management and reduce debt are critical for future stability.

Income Statement

Everi Holdings shows a decline in both gross and net income from 2023 to 2024. Gross profit margin remains healthy, but net profit margin has decreased significantly, indicating increased expenses or reduced operational efficiency. Revenue growth has been inconsistent with a recent decline, impacting overall profitability. EBIT and EBITDA margins have also declined, showing challenges in maintaining operational profitability.

Balance Sheet

The company's debt-to-equity ratio is high due to substantial debt, which poses a risk, yet it has been reduced over the years. Return on equity has decreased, which might concern investors about returns. However, the equity ratio improved slightly, suggesting a better balance between assets and liabilities. Overall, while leverage remains a concern, there is a modest improvement in equity positioning.

Cash Flow

Operating cash flow has been strong, indicating decent operational cash generation, although free cash flow growth is modest. The operating cash flow to net income ratio is high, demonstrating efficient cash conversion. Free cash flow relative to net income has been positive, indicating good cash management despite fluctuations in net income.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
749.85M	757.90M	807.82M	782.52M	660.38M	383.67M
	Gross Profit
582.43M	656.72M	646.58M	617.20M	544.94M	317.84M
	EBIT
84.42M	89.19M	179.28M	213.35M	197.51M	2.04M
	EBITDA
158.62M	243.14M	318.02M	213.35M	197.51M	137.35M
	Net Income Common Stockholders
14.38M	15.02M	84.00M	120.49M	152.93M	-81.68M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
712.52M	400.68M	272.40M	293.39M	302.01M	251.71M
	Total Assets
2.20B	1.92B	2.12B	1.92B	1.64B	1.48B
	Total Debt
0.00	958.51M	1.01B	978.00M	981.52M	1.13B
	Net Debt
-712.52M	557.84M	741.26M	684.60M	679.52M	883.20M
	Total Liabilities
1.94B	1.67B	1.90B	1.70B	1.46B	1.49B
	Stockholders Equity
264.20M	255.94M	226.14M	217.64M	174.50M	-7.90M
Cash Flow		Free Cash Flow
461.08M	161.98M	147.12M	145.07M	286.92M	-40.25M
	Operating Cash Flow
605.53M	318.41M	292.23M	272.64M	391.63M	36.18M
	Investing Cash Flow
-144.24M	-156.16M	-204.31M	-179.34M	-151.91M	-94.12M
	Financing Cash Flow
-13.19M	-23.65M	-110.94M	-100.57M	-188.36M	15.07M

Everi Holdings Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.08
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVRI, the sentiment is Positive. The current price of 14.08 is above the 20-day moving average (MA) of 14.02, above the 50-day MA of 13.78, and above the 200-day MA of 13.47, indicating a bullish trend. The MACD of 0.09 indicates Positive momentum. The RSI at 68.64 is Neutral, neither overbought nor oversold. The STOCH value of 70.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVRI.

Everi Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MCRI	76 Outperform	$1.53B	16.28	18.31%	1.45%	3.84%	19.95%
ACEL	76 Outperform	$959.83M	22.81	18.42%	―	6.28%	-1.99%
AGS	73 Outperform	$506.78M	10.63	49.64%	―	6.60%	778.46%
IGT	69 Neutral	$3.25B	11.17	1.33%	5.15%	-33.50%	35.81%
EVRI	62 Neutral	$1.22B	86.86	5.81%	―	-6.41%	-75.66%
Sector *	62 Neutral	$6.97B	11.36	2.77%	3.91%	2.66%	-22.00%
BALY	47 Neutral	$741.76M	―	-65.87%	―	-1.93%	15.16%

Everi Holdings Corporate Events

Everi Holdings Reports Q1 2025 Financial Estimates

On July 26, 2024, Everi Holdings entered into definitive agreements with International Game Technology PLC and other parties for a proposed transaction where Everi and IGT’s Gaming & Digital business will be acquired by a new holding company owned by Apollo Global Management affiliates. This transaction involves disclosing preliminary unaudited financial results for March 31, 2025, to facilitate financing discussions. The preliminary estimates show an increase in cash and cash equivalents compared to December 31, 2024, but a decrease in total revenues and Pro Forma Adjusted EBITDA for the three months ended March 31, 2025, compared to the same period in 2024.

Spark’s Take on EVRI Stock

According to Spark, TipRanks’ AI Analyst, EVRI is a Neutral.

Everi Holdings’ overall stock score is primarily influenced by solid technical indicators and a strong cash flow position. However, the high P/E ratio and declining profit margins are significant concerns. The company’s high leverage and lack of dividend yield also weigh negatively on the overall score. Continued focus on reducing debt and improving profitability is essential for enhancing investor confidence.

To see Spark’s full report on EVRI stock, click here.

Everi Holdings Reappoints Michael Rumbolz as Executive Chair

On March 20, 2025, Everi Holdings Inc. reappointed Michael D. Rumbolz as Executive Chair of the Board of Directors, effective April 1, 2025. The agreement includes monthly cash compensation, a potential discretionary bonus, and equity compensation contingent on a merger transaction. The agreement also imposes non-competition and non-solicitation covenants on Mr. Rumbolz after his tenure.