Added to YB: 2022-06-02
Pitch date: 2022-06-01
EVO.ST [neutral]
Evolution AB (publ)
Author Info
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Company Info
Evolution AB (publ) develops, produces, markets, and licenses live casino and slots solutions to gaming operators in Europe, Asia, North America, Latin America, and internationally.
Market Cap
SEK 12.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.28
P/E
12.28
EV/Sales
5.75
Sector
Hotels, Restaurants and Leisure
Category
growth
Absolute Leader in the world market with a rapidly growing dividend
EVO.ST: Swedish online gambling solutions provider, dominant in Live Casinos w/ 40-50% historical ROIC & 60% net margin. FY25E €900M profit (+50% YoY), €4.2/share EPS at 22x P/E. 50% payout = 2.3% yield. Market grows 38%/yr; US expansion = 10x EU opportunity. DCF w/ 25% growth = €100 PT vs €95 today (20%+ IRR to 2030). Risks: illegality claims in sanctioned countries, growth slowdown = PE compression, rising competition eroding moat.
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