Added to YB: 2026-06-02
Pitch date: 2026-05-29
EVO.ST [bullish]
Evolution AB (publ)
Author Info
No bio for this author
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 12.9B
Pitch Price
N/A
Price Target
6.0K
Dividend
N/A
EV/EBITDA
9.32
P/E
12.32
EV/Sales
5.77
Sector
Hotels, Restaurants and Leisure
Category
value
Evolution AB: Spiritual Schizophrenia
EVO.ST (added to position): iGaming live casino leader, ~60% market share, 65% margins, still expanding (NA/LatAm/Asia). Trades at PayPal-like P/E 25 despite dominance. €2B buyback (10% of stock) + €300M JPM/Citi revolver; Dart to own 40%. Bear: AI/cybercrime/ESG risk, growth plateau. Now 23% of portfolio, target 6000 SEK.
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