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25.4 (1y: +20%)
Market Cap 1.39 B P/E(ttm) 32.20
Enterprise Value 1.42 B P/B 1.58
WMS- NYSE (USA)
WMS Industries, Inc.
  • Currently 2.5/5
Business Predictability Rank: 2.5-Star (On Watch)
Back Testing Results:
Average gain of all 2.5-Star stocks: 7.3% per year.
% of Stocks that are in still loss if held for 10yrs: 18%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$25.40
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GuruFocus Financial Strength Rank measures how strong a companyย’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry		 vs
history
Cash to Debt 1.038
WMS's Cash to Debt is ranked higher than
51% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 1.01 vs. WMS: 1.038 )
WMS' s 10-Year Cash to Debt Range
Min: 0.32   Max: No Debt
Current: 1.04
Equity to Asset 0.601
WMS's Equity to Asset is ranked higher than
65% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 0.48 vs. WMS: 0.601 )
WMS' s 10-Year Equity to Asset Range
Min: 0.51   Max: 0.92
Current: 0.6
0.51
0.92
Interest Coverage 54.6
WMS's Interest Coverage is ranked higher than
65% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 6.50 vs. WMS: 54.6 )
WMS' s 10-Year Interest Coverage Range
Min: 30   Max: No Debt
Current: 54.6
F-Score: 6
Z-Score: 4.88
M-Score: -2.5
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyย’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
ย•ย•3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rankย•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry		 vs
history
Operating margin (%) 12.70
WMS's Operating margin (%) is ranked higher than
66% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 7.50 vs. WMS: 12.70 )
WMS' s 10-Year Operating margin (%) Range
Min: -9.9   Max: 24.2
Current: 12.7
-9.9
24.2
Net-margin (%) 9.3
WMS's Net-margin (%) is ranked higher than
68% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 4.80 vs. WMS: 9.3 )
WMS' s 10-Year Net-margin (%) Range
Min: -4.6   Max: 14.8
Current: 9.3
-4.6
14.8
ROE (%) 7.3
WMS's ROE (%) is ranked higher than
62% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 4.50 vs. WMS: 7.3 )
WMS' s 10-Year ROE (%) Range
Min: -3.7   Max: 15.6
Current: 7.3
-3.7
15.6
ROA (%) 5.6
WMS's ROA (%) is ranked higher than
71% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 2.70 vs. WMS: 5.6 )
WMS' s 10-Year ROA (%) Range
Min: -2.4   Max: 13
Current: 5.6
-2.4
13
ROC (Joel Greenblatt) (%) 15.60
WMS's ROC (Joel Greenblatt) (%) is ranked higher than
64% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 7.90 vs. WMS: 15.60 )
WMS' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -12.5   Max: 52.5
Current: 15.6
-12.5
52.5
Revenue Growth (%) 0.8
WMS's Revenue Growth (%) is ranked higher than
58% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 0.00 vs. WMS: 0.8 )
WMS' s 10-Year Revenue Growth (%) Range
Min: -4   Max: 19.3
Current: 0.8
-4
19.3
EBITDA Growth (%) -2.1
WMS's EBITDA Growth (%) is ranked lower than
86% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 0.00 vs. WMS: -2.1 )
WMS' s 10-Year EBITDA Growth (%) Range
Min: -38.7   Max: 73.7
Current: -2.1
-38.7
73.7
EPS Growth (%) -7.8
WMS's EPS Growth (%) is ranked lower than
89% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 0.00 vs. WMS: -7.8 )
WMS' s 10-Year EPS Growth (%) Range
Min: -7.8   Max: 29.2
Current: -7.8
-7.8
29.2
ยป WMS's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

WMS Guru Trades in Q2 2012

Chuck Royce 120,000 sh (New)
Steven Cohen 15,712 sh (New)
John Rogers 353,805 sh (New)
Pioneer Investments 73,057 sh (unchged)
Joel Greenblatt Sold Out
Columbia Wanger 2,033,000 sh (-0.05%)
» More
Q3 2012

WMS Guru Trades in Q3 2012

Joel Greenblatt 23,101 sh (New)
John Rogers 1,331,190 sh (+276.25%)
Pioneer Investments 73,057 sh (unchged)
Chuck Royce 120,000 sh (unchged)
Steven Cohen Sold Out
Columbia Wanger 1,963,000 sh (-3.44%)
» More
Q4 2012

WMS Guru Trades in Q4 2012

John Rogers 4,298,430 sh (+222.9%)
Pioneer Investments 73,057 sh (unchged)
Chuck Royce 120,000 sh (unchged)
Joel Greenblatt Sold Out
Columbia Wanger 692,500 sh (-64.72%)
» More
Q1 2013

WMS Guru Trades in Q1 2013

Jean-Marie Eveillard 191,103 sh (New)
Jeremy Grantham 670,163 sh (New)
Mario Gabelli 26,300 sh (New)
Columbia Wanger Sold Out
Chuck Royce Sold Out
Pioneer Investments Sold Out
John Rogers 405,480 sh (-90.57%)
» More
» Details

Insider Trades

Latest Guru Trades with WMS

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Jean-Marie Eveillard 2013-03-31 New Buy0.02%$16.37 - $25.21 $ 25.413%191103
Mario Gabelli 2013-03-31 New Buy$16.37 - $25.21 $ 25.413%26300
Joel Greenblatt 2012-12-31 Sold Out 0.03%$14.65 - $17.32 $ 25.456%0
Joel Greenblatt 2012-09-30 New Buy0.03%$14.99 - $20.52 $ 25.443%23101
Joel Greenblatt 2012-06-30 Sold Out 0.11%$19.04 - $24.77 $ 25.416%0
Joel Greenblatt 2012-03-31 Reduce -47.53%0.12%$20.31 - $24.83 $ 25.421%52912
Joel Greenblatt 2011-12-31 Add 24%0.05%$16.53 - $22.67 $ 25.428%100841
Chuck Akre 2011-09-30 Sold Out 1.1%$17.59 - $29.85 $ 25.49%0
Joel Greenblatt 2011-09-30 Add 376.14%0.18%$17.59 - $29.85 $ 25.49%81325
Joel Greenblatt 2011-06-30 Add 175.57%0.05%$28.09 - $37.33 $ 25.4-20%17080
Ron Baron 2011-06-30 Sold Out $28.09 - $37.33 $ 25.4-20%0
George Soros 2011-06-30 Sold Out $28.09 - $37.33 $ 25.4-20%0
Joel Greenblatt 2011-03-31 New Buy0.07%$34.93 - $47.28 $ 25.4-38%6198
George Soros 2011-03-31 New Buy$34.93 - $47.28 $ 25.4-38%11800
Ron Baron 2010-12-31 Add 46.25%0.07%$38.21 - $48.75 $ 25.4-42%819000
Ron Baron 2010-09-30 New Buy0.14%$35.34 - $41.23 $ 25.4-34%560000
George Soros 2010-09-30 Sold Out 0.01%$35.34 - $41.23 $ 25.4-34%0
George Soros 2010-06-30 New Buy0.01%$40.56 - $51.52 $ 25.4-45%6700
Chuck Akre 2010-03-31 Add 98.02%1.24%$36.62 - $43.93 $ 25.4-37%200000
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on WMS Industries, Inc.

John Rogers Comments on WMS Industries Inc. - May 09, 2013

In addition, leading gaming machine manufacturer WMS Industries Inc. (WMS), cashed in for a +41.09% gain as it agreed to a buyout. We purchased the stock in the last quarter of 2012 at around $16 per share; as part of our work, we calculated a strategic buyer would likely pay around $32 per share in an acquisition. At the time neither we nor anyone we know of anticipated an offer in the near-term; the calculation is a part of our discipline.

From John Rogersโ€™ first quarter 2013 commentary.


Check out John Rogers latest stock trades

Top Ranked Articles about WMS Industries, Inc.

John Rogers Comments on WMS Industries Inc.
May 9, 2013
In addition, leading gaming machine manufacturer WMS Industries Inc. (WMS), cashed in for a +41.09% gain as it agreed to a buyout. We purchased the stock in the last quarter of 2012 at around $16 per share; as part of our work, we calculated a strategic buyer would likely pay around $32 per share in an acquisition. At the time neither we nor anyone we know of anticipated an offer in the near-term; the calculation is a part of our discipline. Read more...
Chairman & CEO of WMS Industries Brian Gamache Buys 16,400 Shares
August 10, 2012
Chairman & CEO of WMS Industries Inc. (WMS) Brian R. Gamache bought 16,400 shares on 08/08/2012 at an average price of $15.09. The total transaction amount is $247,476. WMS Industries Inc. current businesses are reported in the following three operating segments: gaming; pinball and cabinets; and contract manufacturing. WMS Industries Inc. has a market cap of $999.5 million; its shares were traded at around $15.7 with a P/E ratio of 13.4 and P/S ratio of 1.3. WMS Industries Inc. had an annual average earnings growth of 24.7% over the past 10 years. GuruFocus rated WMS Industries Inc. the business predictability rank of 3-star. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 32.20
WMS's P/E(ttm) is ranked lower than
72% of the 371 Companies
in the Global Leisure industry.

( Industry Median: 21.20 vs. WMS: 32.20 )
WMS' s 10-Year P/E(ttm) Range
Min: 9.45   Max: 256.54
Current: 32.2
9.45
256.54
P/B 1.58
WMS's P/B is ranked lower than
54% of the 464 Companies
in the Global Leisure industry.

( Industry Median: 1.42 vs. WMS: 1.58 )
WMS' s 10-Year P/B Range
Min: 0.95   Max: 5.05
Current: 1.58
0.95
5.05
P/S 2.02
WMS's P/S is ranked lower than
62% of the 488 Companies
in the Global Leisure industry.

( Industry Median: 1.50 vs. WMS: 2.02 )
WMS' s 10-Year P/S Range
Min: 1.15   Max: 4.55
Current: 2.02
1.15
4.55
EV-to-EBIT 25.12
WMS's EV-to-EBIT is ranked lower than
70% of the 392 Companies
in the Global Leisure industry.

( Industry Median: 16.90 vs. WMS: 25.12 )
WMS' s 10-Year EV-to-EBIT Range
Min: 3.6   Max: 188.5
Current: 25.12
3.6
188.5
Shiller P/E 18.14
WMS's Shiller P/E is ranked lower than
100% of the Companies
in the Global Leisure industry.

( Industry Median: vs. WMS: 18.14 )
WMS' s 10-Year Shiller P/E Range
Min: 10.74   Max: 242.09
Current: 18.14
10.74
242.09

Valuation & Return

vs
industry		 vs
history
Price/Net Current Asset Value 5.9
WMS's Price/Net Current Asset Value is ranked higher than
74% of the 303 Companies
in the Global Leisure industry.

( Industry Median: 19.00 vs. WMS: 5.9 )
WMS' s 10-Year Price/Net Current Asset Value Range
Min: 4.7   Max: 14.6
Current: 5.9
4.7
14.6
Price/Tangible Book 2
WMS's Price/Tangible Book is ranked lower than
58% of the 421 Companies
in the Global Leisure industry.

( Industry Median: 1.70 vs. WMS: 2 )
WMS' s 10-Year Price/Tangible Book Range
Min: 1.6   Max: 5.1
Current: 2
1.6
5.1
Price/DCF (Projected) 1.4
WMS's Price/DCF (Projected) is ranked lower than
51% of the 176 Companies
in the Global Leisure industry.

( Industry Median: 1.40 vs. WMS: 1.4 )
WMS' s 10-Year Price/DCF (Projected) Range
Min: 1.1   Max: 34
Current: 1.4
1.1
34
Price/Median PS Value 0.7
WMS's Price/Median PS Value is ranked higher than
82% of the 456 Companies
in the Global Leisure industry.

( Industry Median: 1.10 vs. WMS: 0.7 )
WMS' s 10-Year Price/Median PS Value Range
Min: 0.6   Max: 1.4
Current: 0.7
0.6
1.4
Price/Graham Number 1.4
WMS's Price/Graham Number is ranked higher than
51% of the 326 Companies
in the Global Leisure industry.

( Industry Median: 1.40 vs. WMS: 1.4 )
WMS' s 10-Year Price/Graham Number Range
Min: 1.1   Max: 3.5
Current: 1.4
1.1
3.5
Earnings Yield (Greenblatt) 4.00
WMS's Earnings Yield (Greenblatt) is ranked lower than
57% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 4.80 vs. WMS: 4.00 )
WMS' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.5   Max: 27.7
Current: 4
0.5
27.7
Forward Rate of Return (Yacktman) -1.52
WMS's Forward Rate of Return (Yacktman) is ranked lower than
82% of the 489 Companies
in the Global Leisure industry.

( Industry Median: 0.00 vs. WMS: -1.52 )
WMS' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -32.6   Max: 82.8
Current: -1.52
-32.6
82.8

Business Description

WMS Industries, Inc. was incorporated in Delaware on November 20, 1974. The Company serves the legalized gaming industry by designing, manufacturing and distributing games, video and mechanical reel-spinning gaming machines and video lottery terminals (VLTs) to authorized customers in legal gaming venues worldwide. Its interactive gaming ('iGaming') products and services include development and marketing of digital content, products, services and end-to-end solutions that address global online wagering and interactive social, casual and mobile gaming opportunities. It are also addressing the next stage of casino gaming floor evolution with its WAGE-NET networked gaming solution, a suite of systems technologies and applications designed to increase customers' revenue generating capabilities and operational efficiencies. Its gaming machine products are installed in all of the major regulated gaming jurisdictions in the United States, as well as in approximately 143 international gaming jurisdictions. It either sell its products outright, which it include in product sales revenues, or it lease its participation gaming machine products as part of its gaming operations revenues. It offers its customers a range of leasing options. Its gaming products feature advanced graphics, digital sound and engaging games, and most games incorporate secondary bonus rounds. Certain games are based on licensed, well-recognized brands such as MONOPOLY, THE WIZARD OF OZTM, THE LORD OF THE INGSTM and CLUE and substantially all of its gaming machines utilize technologies and intellectual property licensed from third parties. Its main manufacturing facility is located in the United States, with development or distribution offices located in the United States, Argentina, Australia, Canada, China, India, Mexico, South Africa and Spain. It also has an online gaming operations center in the United Kingdom. It sells its games and gaming machines in legal gaming jurisdictions worldwide. The manufacture and distribution of gaming equipment and related software is subject to regulation and approval by various city, county, state, provincial, federal, tribal and foreign agencies.
Company Website
SEC Reports
Industry: Leisure
Compare:SIX, PCLN, CCL, RCL, FUN
ยป More Articles for WMS

Headlines

Articles On GuruFocus.com
John Rogers Comments on WMS Industries Inc. May 09 2013 
John Rogers' Ariel Investments Q1 Commentary May 09 2013 
John Rogers' Q4 Ariel Fund Commentary Feb 13 2013 
Chairman & CEO of WMS Industries Brian Gamache Buys 16,400 Shares Aug 10 2012 
3 Gaming Business Giants: Hit Or Miss? Mar 04 2012 
Chuck Akre Buys BRK.B, MKL, BAC, HIG, AAPL, Sells ARO, WMS, AGO, XOM Nov 17 2011 
Stocks That Are Sold at Historical Low P/B Ratios Sep 28 2011 
Weekly Guru Bargains Highlights: LOGI, AKAM, AIG, CLWR, WMS May 02 2011 
Weekly Guru Bargains Highlights: LFT, WMS, HCBK, AIG, NBG Apr 25 2011 
WMS Industries Inc. (WMS) EVP and COO Kenneth Lochiatto sells 40,633 Shares Nov 05 2010 

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