The Association of Gaming Equipment Manufacturers Index Report April 2022
In April 2022, the AGEM Index fell by 92.98 points to 862.42, marking a 9.7 percent decrease from the prior month. Compared to one year ago, the index added 3.99 points for an annual growth rate of 0.5 percent. During the latest reporting period, 11 of the AGEM Index companies reported stock price declines, with only one company posting an increase. As a result, all 12 companies in the AGEM Index posted negative contributions to the overall index, ending a three-month period of upward growth.
The largest negative contributor to the monthly index was Aristocrat Leisure Limited (ASX: ALL), which reported a 47.42-point index loss as a result of an 8.3 percent decline in stock price. Meanwhile, International Game Technology PLC (NYSE: IGT) contributed an 11.40-point loss to the index due to a 11.6 percent drop in the company’s stock price. Despite a 3.7 percent increase in stock price over the period for Konami Corp. (TYO: 9766), a weakened exchange rate between the United States dollar and the Japanese yen led to a 5.19-point loss for the index.
In the latest reporting period, all three major U.S. stock indices observed negative growth. The Dow Jones Industrial Average decreased by 4.9 percent from March, while the S&P 500 fell by 8.8 percent. Meanwhile, the NASDAQ saw a 13.3 percent decline over the month.
Note: As of April 29, 2022, Scientific Games Corporation (Nasdaq: SGMS) is rebranded as Light & Wonder (Nasdaq: LNW). This name change will be reflected in the May 2022 AGEM Index release.
The AGEM Index
The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index that comprises 12 global gaming suppliers throughout the world. A total of nine suppliers are based in the United States and are listed on the NYSE, Nasdaq or OTC market, while two trade on the Australian exchange and one on the Tokyo exchange. The index is computed based on the month-end stock price (adjusted for dividends and splits) of each company and weighted based on approximation of market capitalization. Market capitalizations for manufacturers trading on foreign exchanges have been converted to US dollar-equivalents as of month-end for comparability purposes. The AGEM Index is based on a 100-point value as of January 2005. Company stock prices and AGEM Index contributions may be revised as necessary due to stock splits, reverse stock splits, mergers, acquisitions and other business activities.
About AGEM
AGEM is an international trade association representing manufacturers of electronic gaming devices, systems, lotteries, and components for the gaming industry. The Association works to further the interests of gaming equipment manufacturers throughout the world. Through political action, tradeshow partnerships, information dissemination and good corporate citizenship, the members of AGEM work together to create benefits for every company within the organization. Together, AGEM and its member organizations have assisted regulatory commissions and participated in the legislative process to solve problems and create a positive business environment.
About Applied Analysis
The AGEM index and overview is prepared by Applied Analysis (AA). AA is a Nevada-based advisory services firm providing consultation services for public and private entities. The company utilizes extensive experience in economics, information technology and finance to provide a wide range of services, including urban economic consulting, financial advisory services, market analysis, public policy analysis, hospitality industry and gaming consulting, and information system and technology consulting.
