Added to YB: 2025-11-27
Pitch date: 2025-11-25
EVO.ST [bullish]
Evolution AB (publ)
-1.81%
current return
Author Info
Fjord Alpha shares deep dives on Northern European mid-caps targeting 20%+ CAGR. Private investor with Nordic roots. 25 years in-market. Independent and long-term, looking for non-consensus ideas the market is not pricing. Sign up for the newsletter.
Company Info
Evolution AB (publ) develops, produces, markets, and licenses online casino systems to gaming operators in Europe, Asia, North America, Latin America, and internationally.
Market Cap
SEK 11.3B
Pitch Price
SEK 640.60
Price Target
N/A
Dividend
4.93%
EV/EBITDA
7.33
P/E
10.26
EV/Sales
4.81
Sector
Hotels, Restaurants and Leisure
Category
growth
Evolution: The US engine roars
EVO.ST: US iGaming 'Big Three' states (PA, MI, NJ) hit record revenue in Oct 2025: PA $251M (+33% YoY), NJ $260M (+22%), MI $279M (+32%). NJ's 'digital flip' sees online exceed physical casinos. Sweepstakes crackdown creating demand vacuum pressuring new state legalizations. Strong moat expanding.
Read full article (3 min)