Added to YB: 2026-01-26
Pitch date: 2026-01-22
EVO.ST [neutral]
Evolution AB (publ)
-8.5%
current return
Author Info
No bio for this author
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 9.9B
Pitch Price
SEK 588.20
Price Target
679.00 (+26%)
Dividend
5.64%
EV/EBITDA
6.72
P/E
9.49
EV/Sales
4.44
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Evolution AB: The Silent Squeeze
EVO.ST (hold): iGaming monopoly at 10x forward P/E despite 45% decline. Dart at 25.44% stake approaching 30% mandatory bid threshold as buybacks shrink share count. US expansion via Galaxy Gaming acquisition unlocks regulatory licenses. Management radio silence amid global expansion suggests floor established. Hostile takeover risk if buybacks continue current 400k shares/week pace through 2026.
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