Added to YB: 2026-07-20
Pitch date: 2026-07-17
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 12.0B
Pitch Price
N/A
Price Target
2.1K
Dividend
N/A
EV/EBITDA
8.63
P/E
11.77
EV/Sales
5.35
Sector
Hotels, Restaurants and Leisure
Category
value
Evolution | $EVO
EVO.ST: Live casino leader (60-70% share, 66% EBITDA margin, 25%+ ROIC, net cash) at 11x fwd earnings vs 25x historical avg. Perfect storm (EU ring-fencing, Asia piracy, US probe now debunked as Playtech-commissioned) is temporary not structural. €2bn buyback (~16% shares), CEO/Dart buying. Base 1.8x/12% CAGR, bull 3.1x/25% over 5yrs.
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