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Added to YB: 2026-01-30

Pitch date: 2026-01-22

EVO.ST [bullish]

Evolution AB (publ)

-8.5%

current return

Author Info

The Curious Investor is an investment professional. Writing to help me develop ideas. Looking for feedback to help me avoid blind spots, and to understand counter arguments. 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 9.9B

Pitch Price

SEK 588.20

Price Target

N/A

Dividend

5.64%

EV/EBITDA

6.72

P/E

9.49

EV/Sales

4.44

Sector

Hotels, Restaurants and Leisure

Category

value

Show full summary:
The Curious Investor | An update & 8 new positions added in 2025 - Evolution AB

EVO.ST: Live casino B2B leader at 10x P/E, 10% FCF yield, net cash. Asian growth reversed Q3 after Q2 recovery, damaging confidence. EU ringfencing headwinds ease post-Q1 2026. US structural growth opportunity. Shares price disaster scenario w/ negative FCF growth assumption. Risk/reward favors upside on depressed sentiment.

Read full article (1 min)