| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 90.54 | n/a |
| Intrinsic value (DCF) | 1.29 | n/a |
| Graham-Dodd Method | n/a | |
| Graham Formula | 0.39 | n/a |
Everi Holdings Inc. (NYSE: EVRI) is a leading provider of entertainment and technology solutions for the global casino and digital gaming industries. Headquartered in Las Vegas, Nevada, Everi operates through two core segments: Games and FinTech. The Games segment offers a diverse portfolio of gaming products, including mechanical and video reel games, progressive jackpot systems, and slot tournament terminals like TournEvent. The FinTech segment delivers financial access solutions such as cash dispensing, digital payment platforms (CashClub Wallet), integrated kiosks, and compliance tools for casinos. Serving markets across the U.S., Canada, Europe, and Asia, Everi combines gaming innovation with financial technology to enhance casino operations and player engagement. With a strong focus on regulatory compliance and digital transformation, Everi is well-positioned in the high-growth gaming technology sector, catering to both land-based and emerging online gaming markets.
Everi Holdings presents a mixed investment profile. On the positive side, the company benefits from a diversified revenue stream across gaming hardware and fintech solutions, with strong operating cash flow ($318M in FY2023) and a solid cash position ($401M). Its dual-segment model provides resilience against cyclical downturns in casino spending. However, risks include high leverage (total debt of $959M) and exposure to regulatory changes in the gambling industry. The stock's beta of 1.31 indicates higher volatility than the market. While the company shows innovation in digital payments and compliance solutions, its modest net income margin (~2%) suggests pricing pressures in competitive gaming markets. The lack of dividends may deter income-focused investors. Long-term growth depends on successful expansion into digital gaming and international markets.
Everi competes in two distinct but interconnected markets: gaming equipment and casino fintech solutions. In gaming machines, its competitive advantage lies in proprietary content (like TournEvent tournament systems) and mechanical reel expertise—a niche that differentiates it from video-focused competitors. The FinTech segment benefits from first-mover advantage in cash access systems and deep integration with casino operations through its CashClub platform. However, the company faces pressure from larger gaming suppliers with broader R&D budgets. Everi's strategic focus on regulatory technology (e.g., compliance tools, credit reporting) creates switching costs for casino operators. The company's main challenges include competing with International Game Technology's (IGT) scale in gaming systems and shifting casino preferences toward server-based gaming. Its financial solutions compete with upstarts offering mobile payment alternatives. Everi's middle-market positioning—smaller than industry giants but more specialized than regional players—allows for agility in product development but may limit bargaining power with large casino chains.