Added to YB: 2024-10-10
Pitch date: 2024-10-09
SGHC [bullish]
Super Group (SGHC) Limited
+77.75%
current return
Author Info
I plan to post about investments or themes that catch my eye. I invest heavily (10-25%) in high-conviction ideas, so expect rare posts on actual investments. Most posts will cover intriguing ideas or potential watchlist additions. Sign up for their newsletter.
Company Info
Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering.
Market Cap
$3.0B
Pitch Price
$3.84
Price Target
7.94 (+16%)
Dividend
3.21%
Sector
Hotels, Restaurants and Leisure
Category
value
Super Group (NYSE: SGHC)
SGHC: Mature iGaming co, $1.4B rev, 21% MAU growth ex-US. Undervalued at 5.1x EV/EBITDA vs peers. Strong in MEA, N. America. No debt, steady 10%+ growth. Recent tech stack acquisition to boost margins. Risks: US market struggles, high marketing spend. Target: 2x rev or 10x EBITDA.
Read full article (3 min)