olivLaw · European equity research
Playtech plc PTEC.L
United Kingdom · London Stock Exchange · Vertical: Listed companies from United Kingdom
Playtech plc is a global gambling technology and content supplier that, as of 2024, is focusing on a B2B model in regulated or regulating markets. The company reports over 200 licensees in more than 45 jurisdictions, with 79% of B2B revenues from regulated markets. Regulatory developments in the US, Latin America and Africa make its position relevant for the coming period.
At the close of 05 Nov 2026, Playtech plc (PTEC.L) stock was 3.69 GBP (−0.38% on the day), with beta 0.49, 52-week range 2.32–4.45 GBP.
Data as of · AI analysis dated · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 49.2
- neutral
- Bollinger (20, 2)
- 3.53 – 3.76
- in the upper half of the band · %B 0.69 · band width 6.2%
- SMA 50 / 200
- 3.85 / 3.61
- mixed trend
- MACD (12, 26, 9)
- -0.04 / -0.06
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −3.6% | −0.6% | −3.0 pp | — |
| 3 months | +1.5% | −4.2% | +5.7 pp | — |
| 6 months | +4.4% | +4.3% | +0.0 pp | — |
| Year to date | +30.2% | +7.5% | +22.6 pp | — |
| 1 year | +57.0% | +9.9% | +47.1 pp | +5.8% |
| 3 years | −10.8% | +49.8% | −60.6 pp | +26.3% |
| 5 years | −47.9% | +42.8% | −90.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
the price (USD) and the reports are in different currencies
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 1.6 bn | 771.9 m | 848.0 m |
| Revenue YoY | unavailable | −51.8% | +9.9% |
| Net income | 87.6 m | 105.1 m | -23.9 m |
| Net income YoY | unavailable | +20.0% | −122.7% |
| Diluted EPS | 0.28 | 0.35 | -0.08 |
| Diluted EPS YoY | unavailable | +23.5% | −122.5% |
| net % | 5.5% | 13.6% | -2.8% |
| Free cash flow | 356.9 m | 301.2 m | 328.8 m |
Balance sheet & financial health
Fiscal year 2024 · 31 Dec 2024
- Cash
- 268.1 m EUR
- Financial debt
- unavailable EUR
- Net debt
- unavailable EUR
- Equity
- 1.8 bn EUR
- Total assets
- 3.3 bn EUR
- Debt / equity
- unavailable
- Current ratio
- 1.63x
- ROE
- -1.3%
- ROA
- -0.7%
- FCF margin
- 38.8%
Financial statements (source on every figure)
Revenue and net income (EUR)
Margins
Income statement · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 1.6 bn | 771.9 m | 848.0 m | esef· 29 Apr 2025verified |
| Depreciation & amortisation | 170.1 m | 107.7 m | 104.2 m | esef· 29 Apr 2025verified |
| Interest expense | 62.8 m | 41.8 m | 46.5 m | esef· 29 Apr 2025verified |
| Pre-tax income | 95.6 m | 70.4 m | -9.4 m | esef· 29 Apr 2025verified |
| Income tax | 55.0 m | 82.5 m | 127.1 m | esef· 29 Apr 2025verified |
| Net income | 87.6 m | 105.1 m | -23.9 m | esef· 29 Apr 2025verified |
| Diluted EPS | 0.28 | 0.35 | -0.08 | esef· 29 Apr 2025verified |
Balance sheet · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Cash | 426.5 m | 516.2 m | 268.1 m | esef· 29 Apr 2025verified |
| Inventories | 5.5 m | 6.8 m | 6.9 m | esef· 29 Apr 2025verified |
| Current assets | 723.1 m | 849.9 m | 1.6 bn | esef· 29 Apr 2025verified |
| Property, plant & equipment, net | 341.4 m | 350.2 m | 93.9 m | esef· 29 Apr 2025verified |
| Total assets | 3.0 bn | 3.3 bn | 3.3 bn | esef· 29 Apr 2025verified |
| Long-term debt | 0 | 0 | — | esef· 01 May 2024verified |
| Current liabilities | 756.4 m | 598.7 m | 963.4 m | esef· 29 Apr 2025verified |
| Total liabilities | 1.3 bn | 1.5 bn | 1.5 bn | esef· 29 Apr 2025verified |
| Equity | 1.7 bn | 1.8 bn | 1.8 bn | esef· 29 Apr 2025verified |
| Shares outstanding at year end | 300.0 m | 302.9 m | 306.4 m | esef· 29 Apr 2025derived |
Cash flow · EUR
| Line | 2022 | 2023 | 2024 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 410.9 m | 358.8 m | 391.1 m | esef· 29 Apr 2025verified |
| Capex | 54.0 m | 57.6 m | 62.3 m | esef· 29 Apr 2025verified |
| Free cash flow | 356.9 m ≈ | 301.2 m ≈ | 328.8 m ≈ | esef· 29 Apr 2025derived |
| Investing cash flow | -358.3 m | -309.5 m | -188.4 m | esef· 29 Apr 2025verified |
| Financing cash flow | -566.9 m | 39.9 m | -266.0 m | esef· 29 Apr 2025verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 2 of at least 6
- score weight coverage: 10.4% of at least 60%
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
05 Nov 2026Source: olivLaw, closing series
Market cap: unavailable
Price and reporting are in different currencies; market indicators are unavailable.
Key indicators
Coverage and freshness
The data is older than the freshness threshold.
Score by group
10% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
no valuation method could be computed
Assumptions (illustrative, editorial)
- Risk-free rate
- 3.0%
- Equity risk premium
- 5.5%
- Beta (default)
- 1.00
- Cost of equity
- 8.5%
- Terminal growth
- 2.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | unavailable | unavailable | — |
| Net margin · Quality | -2.8% | 26 (vs peers) | 60% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 1.6x | 69 (on a fixed band) | 40% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial69/100 · 1/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality· partial26/100 · 1/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partialunavailable · 0/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
PLAYTECH PLC (PTEC.L). Latest full fiscal year: 2024; data up to 2024-12-31.
Figures computed from the financial statements: revenue 848.0 m EUR in 2024; YoY growth 9.9%; net margin -2.8%; ROE -1.3%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (indicators available: 2 of at least 6; score weight coverage: 10.4% of at least 60%; valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- Net margin: -2.8%
Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, Interest coverage, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 104.3 bn | 13.5 | 16.5% | 30.3% | −1.0% | +7% / +88% |
| ABF.LAssociated British Foods PLC | 14.7 bn | 14.3 | 9.2% | 5.3% | −3.1% | −5% / −15% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.1 bn | 24.7 | 34.7% | 4.1% | +7.2% | −10% / +158% |
| AUTO.LAutotrader Group PLC | 4.8 bn | 16.4 | 60.2% | 47.1% | +3.9% | −13% / −23% |
| BBY.LBalfour Beatty PLC | 4.2 bn | 16.3 | 23.2% | 2.8% | +15.2% | +20% / +160% |
| ABDN.LAberdeen Group PLC | 4.1 bn | 10.8 | 8.0% | 28.9% | −2.1% | +11% / +41% |
| BKG.LThe Berkeley Group Holdings PLC | 3.6 bn | 11.3 | 8.8% | 13.4% | −4.2% | −0% / −22% |
| BME.LB&M European Value Retail PLC | 2.9 bn | 17.4 | 21.2% | 2.8% | +3.7% | +68% / −51% |
| AJB.LAj Bell PLC | 2.4 bn | 22.8 | 49.9% | 33.1% | +18.0% | +8% / +128% |
| ASHM.LAshmore Group PLC | 1.4 bn | 13.9 | 13.1% | 71.6% | −0.1% | +28% / +18% |
| BCG.LBaltic Classifieds Group PLC | 1.2 bn | 23.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 763.6 m | 36.2 | 41.2% | 19.7% | +24.2% | +71% / unavailable |
| BAG.LA.G. Barr P.L.C. | 671.9 m | 14.4 | 14.4% | 10.8% | +4.0% | −7% / +26% |
| ASC.LAsos PLC | 494.5 m | — | -81.3% | -12.0% | −14.7% | +71% / +8% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 344.3 m | — | -93.4% | -39.2% | −20.6% | −45% / −85% |
| APTD.LAptitude Software Group PLC | 111.3 m | 28.5 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 9.9 m | — | — | — | −81.9% | +325% / +844% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 221.6 k | 0.1 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −7% / +164% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +76% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +60% / +63% |
| AEP.LAnglo-Eastern Plantations PLC | — | — | 16.1% | 19.5% | +25.0% | +5% / +113% |
1- and 3-year price returns: for PTEC.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Scenarios are not available. input data missing
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Playtech plc is a global gambling technology and content supplier that, as of 2024, is focusing on a B2B model in regulated or regulating markets. The company reports over 200 licensees in more than 45 jurisdictions, with 79% of B2B revenues from regulated markets 1. Regulatory developments in the US, Latin America and Africa make its position relevant for the coming period.
SWOT
Strengths
Weaknesses
- Dependence on a relatively small number of large customers, a risk the company itself identifies 1.
- Exposure to geopolitical conflict, with key staff based in Ukraine and Israel, according to the report 1.
- The Snaitech sale involves special dividend payments that depend on completing the transaction 1.
Opportunities
Risks
- Customer concentrationhigh
Revenues depend on a small group of large customers; losing one to a competitor could significantly affect results 1.
- Cyber securityhigh
Cyber attacks or technical failures can cause disruption, penalties and compensation costs 1.
- Changing regulationhigh
Legislative changes in several jurisdictions can affect operations and expansion plans 1.
- Geopoliticsmedium
Conflicts in the Middle East and Eastern Europe can affect supply chains and key staff 1.
- Talent and costsmedium
Inflation and cost of living pressures can make retaining key employees harder, per the report 1.
Investment thesis
What would need to be true (bull case)
- If newly regulated markets in Latin America and Africa advance, the company could benefit from its early position and revenue-sharing B2B model 1.
- The Live segment could keep growing given past investment and margins that rise with additional players 1.
- If the SaaS model and customer diversification succeed, reliance on large customers could fall over time 1.
What would break the thesis
What to watch
- Completion of the Snaitech sale and the special dividend payout2025
- Adoption of regulation in South Africa and Brazil2025
- Trends in customer concentration and SaaS growthnext 10-K
- Effect of the UK levy and stake limits on operators2025
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
According to the 2024 annual report, the company has over 25 years of experience and investment in technology, data and safer gambling expertise 1. This lets it support operators' regulatory requirements across different jurisdictions.
Segments
B2B Live and content
The Live vertical is the main growth driver the company cites. Playtech has 14 operational studios, and its table count has more than doubled over the past four years 1. Analysts cited expect the Live market could reach 21.6 billion USD GGR by 2029 1.
Market context
According to the 2024 annual report, regulation is the main driver of growth in gambling: newly regulated countries tend to grow quickly at first, then growth slows 1. In the UK, online penetration reached 59% in 2024 1, while in North America iGaming regulation remains slow, with over 30 states having legalised online sports betting 1.
The company notes Brazil launched a national licensing regime on 1 January 2025, and Africa, with over 1.5 billion people, offers significant opportunities as digital infrastructure improves 1. Results depend however on the pace of regulation in South Africa, where approval of the bill has been slower than expected 1.
Trends
- New regulation in large marketstailwind
Brazil, Peru, France and South Africa are moving toward regulation, which could open new markets for the company if processes are completed 1.
- Shift to onlinetailwind
Online penetration in major European countries has stayed above 2019 levels, suggesting the shift is durable 1.
- UK levy and stake limitsheadwind
The UK government has announced a statutory levy on gambling profits and online slot stake limits, which could reduce operator revenues 1.
- Artificial intelligence and datamixed
Access to large datasets can create network effects that are hard to match, and the company is investing in AI and safer gambling tools 1. If this advantage holds, its competitive position could strengthen.
Competitive position
The 2024 annual report notes the competitive environment is developing and putting pressure on market share, amid technology innovation 1. The company says innovation and exploring new markets are its main responses 1.
The analysed sources do not name competitors explicitly. The company only notes that losing large customers to a competitor would have a material impact on revenue 1.
- Competitors not named in source
The 2024 annual report names no competitors; no comparisons can be made from the given source.
- Online casino operators in regulated markets
Competition may come from operators building their own technology or switching suppliers, consistent with the customer concentration risk 1.
- New entrants in newly regulated markets
The report notes entry of new players increases competition as markets mature 1.
- Technology and content suppliers
Competition also takes place on platforms and Live content, where the company describes its own investments 1.
News & filings
In the press
- Musk a spart milioane pe alegerile intermediare din Texas, dar poporul a vrut altceva. Ce urmează pentru Big Tech și centrele de date - Playtech.roSurge — Google News · 04 Nov 2026 · RO
- Musk a spart milioane în Texas, dar poporul a vrut altceva. Ce urmează pentru Big Tech și centrele de date - Playtech.roSurge — Google News · 04 Nov 2026 · RO
- Mario Kart World arată spectaculos cu NVIDIA DLSS 5. Jocul de Nintendo Switch 2 pare desprins dintr-un film de animație VIDEO - Playtech.roSurge — Google News · 03 Nov 2026 · RO
- Mario Kart World arată spectaculos cu NVIDIA DLSS 5. Jocul de Nintendo Switch 2 pare desprins dintr-un film de animație VIDEO - Playtech.roSurge — Google News · 03 Nov 2026 · RO
- Frigiderele magazinelor alimentare, atacate cibernetic în mai multe țări europene. Hackerii le-au crescut temperatura de la distanță - Playtech.roSurge — Google News · 02 Nov 2026 · RO
- Frigiderele magazinelor alimentare, atacate cibernetic în mai multe țări europene. Hackerii le-au crescut temperatura de la distanță - Playtech.roSurge — Google News · 02 Nov 2026 · RO
- Sezonul patru din „Epoca de Aur” ajunge pe HBO Max. Bertha Russell și familia sa se confruntă cu urmările ambițiilor sociale - Playtech.roSurge — Google News · 02 Nov 2026 · RO
- Momentul dramatic în care un Learjet 60 cade aproape vertical și explodează. Cum arată şi cât costă un astfel de avion priva - Playtech.roSurge — Google News · 02 Nov 2026 · RO
- Momentul dramatic în care un Learjet 60 cade aproape vertical și explodează. Cum arată şi cât costă un astfel de avion priva - Playtech.roSurge — Google News · 02 Nov 2026 · RO
- Cine este Iliana Iotova. Susținătoarea dialogului cu Moscova ar urma să devină prima femeie aleasă președinte al Bulgarie - Playtech.roSurge — Google News · 02 Nov 2026 · RO
- INTERVIU EXCLUSIV ÎN ROMÂNIA „Dexter: Resurrection” | Actorul Dan Stevens, față în față cu mintea întunecată a criminalului pe care îl interpretează în „Renașterea” - Playtech.roSurge — Google News · 30 Oct 2026 · RO
- A murit "Căpitanul Picard" - Sir Patrick Stewart a făcut valuri în Star Trek și X-Men, dar fanii îl vor ține minte pentru o sută de alte roluri - Playtech.roSurge — Google News · 29 Oct 2026 · RO
- Google lansează Gemini 4 Carbon, un model AI care urcă pe primul loc în teste, dar nu este disponibil pentru toată lumea - Playtech.roSurge — Google News · 29 Oct 2026 · RO
- Google lansează Gemini 4 Carbon, un model AI care urcă pe primul loc în teste, dar nu este disponibil pentru toată lumea - Playtech.roSurge — Google News · 29 Oct 2026 · RO
- Un cercetător în siguranța AI a renunțat să mai economisească pentru pensie. Crede că omenirea ar putea dispărea în următorii 10 ani - Playtech.roSurge — Google News · 29 Oct 2026 · RO
- REVIEW Donnie Darko - filmul perfect pentru Halloween din 2001 care merită revăzut în 2026 dacă ești fan David Lynch. Ce se ascunde în spatele iepurelui Frank - Playtech.roSurge — Google News · 29 Oct 2026 · RO
- Mașinile Bolt ar putea veni singure să te ia de acasă. Planul pentru 25.000 de taxiuri autonome în Europa - Playtech.roSurge — Google News · 29 Oct 2026 · RO
- Ucraina vrea propriul sistem de comunicații prin satelit, independent de Starlink. Nokia și ICEYE, parteneriat strategic cu Ministerul Apărării - Playtech.roSurge — Google News · 23 Oct 2026 · RO
- Meta lui Zuckerberg își ia o amendă de proporții istorice, de 25 de miliarde de dolari. Totul i se trage de la scandalul Cambridge Analytica - Playtech.roSurge — Google News · 21 Oct 2026 · RO
- PREVIEW ASUS ProArt P14 cu NVIDIA RTX Spark - schimbarea de paradigmă cu arhitectură ARM optimizată pentru AI local și gaming ajunge pe laptopurile cu Windows. De ce ar putea schimba viitorul PC-urilor - Playtech.roSurge — Google News · 20 Oct 2026 · RO
Annual reports (ESEF)
- Annual report 202429 Apr 2025
- Annual report 202301 May 2024
Sources
- [1] Annual report, fiscal year ended 2024-12-31 (ESEF) · SEC / Playtech plc · 31 Dec 2024
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.