Added to YB: 2025-01-31
Pitch date: 2024-12-16
EVO.ST [bullish]
Evolution AB (publ)
-27.31%
current return
Author Info
No bio for this author
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 11.3B
Pitch Price
SEK 865.28
Price Target
1.6K (+147%)
Dividend
4.93%
EV/EBITDA
7.33
P/E
10.26
EV/Sales
4.81
Sector
Hotels, Restaurants and Leisure
Category
growth
Evolution AB - $EVO.ST
EVO.ST: Live Casino leader (86% rev) w/ 65-70% EBITDA margins, 15%+ organic growth. 11x FY24E EBITDA, >6% LFCF yield. Concerns: unregulated markets (60% rev), competition, regulatory risks. Catalysts: FY24 earnings, increased regulation. Base case: 70% return, 2x MOIC <3yrs. 4% dividend, 10% buyback authority through FY26.
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