Intrinsic value of The Stars Group Inc. - TSGI

Previous Close

$47.38

  Intrinsic Value

$76.52

stock screener

  Rating & Target

str. buy

+61%

Previous close

$47.38

 
Intrinsic value

$76.52

 
Up/down potential

+61%

 
Rating

str. buy

We calculate the intrinsic value of TSGI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 6.9

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  21.60
  19.94
  18.45
  17.10
  15.89
  14.80
  13.82
  12.94
  12.15
  11.43
  10.79
  10.21
  9.69
  9.22
  8.80
  8.42
  8.08
  7.77
  7.49
  7.24
  7.02
  6.82
  6.63
  6.47
  6.32
  6.19
  6.07
  5.97
  5.87
  5.78
Revenue, $m
  1,899
  2,278
  2,698
  3,160
  3,662
  4,204
  4,785
  5,404
  6,061
  6,753
  7,482
  8,246
  9,045
  9,879
  10,748
  11,652
  12,593
  13,572
  14,588
  15,645
  16,743
  17,884
  19,071
  20,305
  21,589
  22,926
  24,318
  25,769
  27,281
  28,858
Variable operating expenses, $m
  1,459
  1,674
  1,913
  2,175
  2,460
  2,768
  3,099
  3,451
  3,824
  4,217
  4,252
  4,687
  5,141
  5,615
  6,109
  6,623
  7,158
  7,714
  8,292
  8,892
  9,516
  10,165
  10,839
  11,541
  12,270
  13,030
  13,821
  14,646
  15,505
  16,402
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  1,459
  1,674
  1,913
  2,175
  2,460
  2,768
  3,099
  3,451
  3,824
  4,217
  4,252
  4,687
  5,141
  5,615
  6,109
  6,623
  7,158
  7,714
  8,292
  8,892
  9,516
  10,165
  10,839
  11,541
  12,270
  13,030
  13,821
  14,646
  15,505
  16,402
Operating income, $m
  441
  604
  786
  985
  1,202
  1,436
  1,686
  1,954
  2,237
  2,536
  3,230
  3,559
  3,904
  4,264
  4,639
  5,030
  5,436
  5,858
  6,297
  6,753
  7,227
  7,720
  8,232
  8,764
  9,319
  9,896
  10,497
  11,123
  11,776
  12,456
EBITDA, $m
  921
  1,105
  1,308
  1,532
  1,776
  2,039
  2,320
  2,621
  2,939
  3,275
  3,628
  3,998
  4,386
  4,790
  5,212
  5,650
  6,107
  6,581
  7,074
  7,586
  8,119
  8,672
  9,248
  9,846
  10,469
  11,117
  11,792
  12,495
  13,229
  13,994
Interest expense (income), $m
  177
  170
  220
  275
  337
  405
  479
  559
  644
  735
  832
  934
  1,041
  1,153
  1,271
  1,393
  1,521
  1,654
  1,793
  1,937
  2,086
  2,242
  2,403
  2,571
  2,746
  2,927
  3,116
  3,313
  3,517
  3,731
  3,953
Earnings before tax, $m
  270
  385
  510
  648
  796
  957
  1,128
  1,309
  1,502
  1,704
  2,296
  2,518
  2,751
  2,993
  3,246
  3,508
  3,781
  4,065
  4,360
  4,667
  4,985
  5,316
  5,661
  6,019
  6,391
  6,780
  7,184
  7,605
  8,045
  8,503
Tax expense, $m
  73
  104
  138
  175
  215
  258
  304
  354
  405
  460
  620
  680
  743
  808
  876
  947
  1,021
  1,098
  1,177
  1,260
  1,346
  1,435
  1,528
  1,625
  1,726
  1,830
  1,940
  2,053
  2,172
  2,296
Net income, $m
  197
  281
  372
  473
  581
  698
  823
  956
  1,096
  1,244
  1,676
  1,838
  2,008
  2,185
  2,369
  2,561
  2,760
  2,968
  3,183
  3,407
  3,639
  3,881
  4,132
  4,394
  4,666
  4,949
  5,244
  5,552
  5,873
  6,207

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  8,048
  9,653
  11,434
  13,389
  15,517
  17,814
  20,276
  22,899
  25,681
  28,616
  31,703
  34,940
  38,325
  41,858
  45,541
  49,375
  53,362
  57,507
  61,816
  66,293
  70,945
  75,781
  80,809
  86,038
  91,479
  97,144
  103,043
  109,189
  115,597
  122,281
Adjusted assets (=assets-cash), $m
  8,048
  9,653
  11,434
  13,389
  15,517
  17,814
  20,276
  22,899
  25,681
  28,616
  31,703
  34,940
  38,325
  41,858
  45,541
  49,375
  53,362
  57,507
  61,816
  66,293
  70,945
  75,781
  80,809
  86,038
  91,479
  97,144
  103,043
  109,189
  115,597
  122,281
Revenue / Adjusted assets
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
  0.236
Average production assets, $m
  3,035
  3,640
  4,312
  5,049
  5,852
  6,718
  7,647
  8,636
  9,685
  10,792
  11,956
  13,177
  14,453
  15,786
  17,175
  18,621
  20,124
  21,688
  23,312
  25,001
  26,755
  28,579
  30,475
  32,447
  34,499
  36,636
  38,860
  41,178
  43,595
  46,116
Working capital, $m
  -1,094
  -1,312
  -1,554
  -1,820
  -2,109
  -2,421
  -2,756
  -3,113
  -3,491
  -3,890
  -4,310
  -4,750
  -5,210
  -5,690
  -6,191
  -6,712
  -7,254
  -7,817
  -8,403
  -9,012
  -9,644
  -10,301
  -10,985
  -11,696
  -12,435
  -13,205
  -14,007
  -14,843
  -15,714
  -16,622
Total debt, $m
  4,147
  5,198
  6,364
  7,645
  9,038
  10,543
  12,156
  13,874
  15,696
  17,619
  19,641
  21,761
  23,978
  26,292
  28,704
  31,215
  33,827
  36,542
  39,364
  42,297
  45,344
  48,512
  51,805
  55,230
  58,794
  62,504
  66,368
  70,394
  74,591
  78,969
Total liabilities, $m
  5,272
  6,323
  7,489
  8,770
  10,163
  11,668
  13,281
  14,999
  16,821
  18,744
  20,766
  22,886
  25,103
  27,417
  29,829
  32,340
  34,952
  37,667
  40,489
  43,422
  46,469
  49,637
  52,930
  56,355
  59,919
  63,629
  67,493
  71,519
  75,716
  80,094
Total equity, $m
  2,777
  3,330
  3,945
  4,619
  5,353
  6,146
  6,995
  7,900
  8,860
  9,873
  10,938
  12,054
  13,222
  14,441
  15,712
  17,034
  18,410
  19,840
  21,326
  22,871
  24,476
  26,144
  27,879
  29,683
  31,560
  33,515
  35,550
  37,670
  39,881
  42,187
Total liabilities and equity, $m
  8,049
  9,653
  11,434
  13,389
  15,516
  17,814
  20,276
  22,899
  25,681
  28,617
  31,704
  34,940
  38,325
  41,858
  45,541
  49,374
  53,362
  57,507
  61,815
  66,293
  70,945
  75,781
  80,809
  86,038
  91,479
  97,144
  103,043
  109,189
  115,597
  122,281
Debt-to-equity ratio
  1.490
  1.560
  1.610
  1.660
  1.690
  1.720
  1.740
  1.760
  1.770
  1.780
  1.800
  1.810
  1.810
  1.820
  1.830
  1.830
  1.840
  1.840
  1.850
  1.850
  1.850
  1.860
  1.860
  1.860
  1.860
  1.860
  1.870
  1.870
  1.870
  1.870
Adjusted equity ratio
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345
  0.345

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  197
  281
  372
  473
  581
  698
  823
  956
  1,096
  1,244
  1,676
  1,838
  2,008
  2,185
  2,369
  2,561
  2,760
  2,968
  3,183
  3,407
  3,639
  3,881
  4,132
  4,394
  4,666
  4,949
  5,244
  5,552
  5,873
  6,207
Depreciation, amort., depletion, $m
  480
  500
  523
  547
  574
  603
  634
  667
  702
  739
  399
  439
  482
  526
  572
  621
  671
  723
  777
  833
  892
  953
  1,016
  1,082
  1,150
  1,221
  1,295
  1,373
  1,453
  1,537
Funds from operations, $m
  678
  781
  895
  1,020
  1,155
  1,301
  1,457
  1,623
  1,798
  1,983
  2,074
  2,278
  2,490
  2,711
  2,942
  3,182
  3,431
  3,691
  3,960
  4,240
  4,531
  4,834
  5,148
  5,475
  5,816
  6,170
  6,540
  6,924
  7,326
  7,744
Change in working capital, $m
  -194
  -218
  -242
  -266
  -289
  -312
  -335
  -357
  -378
  -399
  -420
  -440
  -460
  -480
  -501
  -521
  -542
  -564
  -586
  -609
  -632
  -657
  -683
  -711
  -740
  -770
  -802
  -836
  -871
  -909
Cash from operations, $m
  872
  999
  1,137
  1,286
  1,445
  1,613
  1,792
  1,979
  2,176
  2,382
  2,494
  2,718
  2,950
  3,192
  3,442
  3,703
  3,973
  4,254
  4,546
  4,849
  5,163
  5,491
  5,832
  6,186
  6,555
  6,940
  7,341
  7,760
  8,197
  8,653
Maintenance CAPEX, $m
  -83
  -101
  -121
  -144
  -168
  -195
  -224
  -255
  -288
  -323
  -360
  -399
  -439
  -482
  -526
  -572
  -621
  -671
  -723
  -777
  -833
  -892
  -953
  -1,016
  -1,082
  -1,150
  -1,221
  -1,295
  -1,373
  -1,453
New CAPEX, $m
  -539
  -605
  -672
  -737
  -802
  -866
  -929
  -989
  -1,049
  -1,107
  -1,164
  -1,221
  -1,277
  -1,333
  -1,389
  -1,446
  -1,504
  -1,563
  -1,625
  -1,688
  -1,755
  -1,824
  -1,896
  -1,972
  -2,052
  -2,136
  -2,225
  -2,318
  -2,417
  -2,521
Cash from investing activities, $m
  -622
  -706
  -793
  -881
  -970
  -1,061
  -1,153
  -1,244
  -1,337
  -1,430
  -1,524
  -1,620
  -1,716
  -1,815
  -1,915
  -2,018
  -2,125
  -2,234
  -2,348
  -2,465
  -2,588
  -2,716
  -2,849
  -2,988
  -3,134
  -3,286
  -3,446
  -3,613
  -3,790
  -3,974
Free cash flow, $m
  250
  293
  344
  405
  474
  552
  639
  735
  839
  952
  970
  1,098
  1,234
  1,377
  1,527
  1,685
  1,849
  2,020
  2,198
  2,383
  2,576
  2,775
  2,983
  3,198
  3,422
  3,654
  3,896
  4,147
  4,408
  4,679
Issuance/(repayment) of debt, $m
  931
  1,051
  1,166
  1,281
  1,394
  1,504
  1,613
  1,718
  1,822
  1,923
  2,022
  2,120
  2,217
  2,314
  2,412
  2,511
  2,612
  2,715
  2,822
  2,932
  3,047
  3,167
  3,293
  3,425
  3,564
  3,710
  3,864
  4,026
  4,197
  4,378
Issuance/(repurchase) of shares, $m
  291
  273
  242
  202
  153
  94
  26
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,222
  1,324
  1,408
  1,483
  1,547
  1,598
  1,639
  1,718
  1,822
  1,923
  2,022
  2,120
  2,217
  2,314
  2,412
  2,511
  2,612
  2,715
  2,822
  2,932
  3,047
  3,167
  3,293
  3,425
  3,564
  3,710
  3,864
  4,026
  4,197
  4,378
Total cash flow (excl. dividends), $m
  1,472
  1,617
  1,753
  1,887
  2,020
  2,151
  2,278
  2,454
  2,661
  2,875
  2,992
  3,218
  3,451
  3,692
  3,939
  4,196
  4,461
  4,735
  5,020
  5,316
  5,623
  5,943
  6,276
  6,623
  6,986
  7,364
  7,759
  8,173
  8,605
  9,057
Retained Cash Flow (-), $m
  -489
  -554
  -614
  -675
  -734
  -792
  -849
  -905
  -960
  -1,013
  -1,065
  -1,117
  -1,168
  -1,219
  -1,270
  -1,323
  -1,376
  -1,430
  -1,486
  -1,545
  -1,605
  -1,668
  -1,735
  -1,804
  -1,877
  -1,954
  -2,035
  -2,121
  -2,211
  -2,306
Prev. year cash balance distribution, $m
  686
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,669
  1,063
  1,138
  1,213
  1,286
  1,358
  1,429
  1,548
  1,702
  1,862
  1,927
  2,102
  2,284
  2,473
  2,669
  2,873
  3,085
  3,305
  3,534
  3,771
  4,018
  4,274
  4,541
  4,819
  5,109
  5,410
  5,724
  6,052
  6,394
  6,751
Discount rate, %
  6.90
  7.25
  7.61
  7.99
  8.39
  8.81
  9.25
  9.71
  10.19
  10.70
  11.24
  11.80
  12.39
  13.01
  13.66
  14.34
  15.06
  15.81
  16.61
  17.44
  18.31
  19.22
  20.18
  21.19
  22.25
  23.37
  24.53
  25.76
  27.05
  28.40
PV of cash for distribution, $m
  1,561
  924
  913
  892
  860
  819
  769
  738
  710
  673
  597
  551
  500
  446
  391
  336
  284
  235
  191
  152
  118
  89
  66
  48
  34
  23
  15
  10
  6
  4
Current shareholders' claim on cash, %
  94.8
  91.0
  88.3
  86.4
  85.2
  84.5
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4
  84.4

Stars Group Inc, formerly Amaya Inc, is a Canada-based provider of technology-based products and services in the global gaming and interactive entertainment industries. The Company's business-to-consumer (B2C) business consists of the operations of Amaya Group Holding (IOM) Limited and its subsidiaries (collectively Rational Group). Rational Group offers products and services, such as online (including desktop and mobile) real- and play-money poker and other products, including casino and sports betting (also known as sportsbook). Rational Group also produces or sponsors certain live poker tours and events, branded poker rooms in casinos in cities around the world and poker programming for television and online audiences. It owns and operates gaming and related interactive entertainment businesses, which offers under such brands as PokerStars, Full Tilt, BetStars, StarsDraft, European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour and Asia Pacific Poker Tour.

FINANCIAL RATIOS  of  The Stars Group Inc. (TSGI)

Valuation Ratios
P/E Ratio 37.4
Price to Sales 4.4
Price to Book 2.3
Price to Tangible Book
Price to Cash Flow 14.5
Price to Free Cash Flow 15.2
Growth Rates
Sales Growth Rate 7.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -28.6%
Cap. Spend. - 3 Yr. Gr. Rate -12.5%
Financial Strength
Quick Ratio 12
Current Ratio 0
LT Debt to Equity 108.1%
Total Debt to Equity 110.3%
Interest Coverage 2
Management Effectiveness
Return On Assets 4.7%
Ret/ On Assets - 3 Yr. Avg. 7.3%
Return On Total Capital 3%
Ret/ On T. Cap. - 3 Yr. Avg. 2.5%
Return On Equity 6.5%
Return On Equity - 3 Yr. Avg. 5.7%
Asset Turnover 0.2
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 35%
EBITDA Margin - 3 Yr. Avg. 37.3%
Operating Margin 25.5%
Oper. Margin - 3 Yr. Avg. 23.3%
Pre-Tax Margin 12.1%
Pre-Tax Margin - 3 Yr. Avg. 9.3%
Net Profit Margin 11.8%
Net Profit Margin - 3 Yr. Avg. 10%
Effective Tax Rate 3.2%
Eff/ Tax Rate - 3 Yr. Avg. -81.2%
Payout Ratio 0%

TSGI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the TSGI stock intrinsic value calculation we used $1562 million for the last fiscal year's total revenue generated by The Stars Group Inc.. The default revenue input number comes from 2016 income statement of The Stars Group Inc.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our TSGI stock valuation model: a) initial revenue growth rate of 21.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.9%, whose default value for TSGI is calculated based on our internal credit rating of The Stars Group Inc., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of The Stars Group Inc..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of TSGI stock the variable cost ratio is equal to 81.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for TSGI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.3% for The Stars Group Inc..

Corporate tax rate of 27% is the nominal tax rate for The Stars Group Inc.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the TSGI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for TSGI are equal to 159.8%.

Life of production assets of 34.8 years is the average useful life of capital assets used in The Stars Group Inc. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for TSGI is equal to -57.6%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2974 million for The Stars Group Inc. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 146.667 million for The Stars Group Inc. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of The Stars Group Inc. at the current share price and the inputted number of shares is $6.9 billion.

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