Added to YB: 2025-02-10
Pitch date: 2025-02-08
E3G.F [bullish]
Evolution AB (publ)
-15.05%
current return
Author Info
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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 11.5B
Pitch Price
SEK 65.92
Price Target
115.00 (+107%)
Dividend
4.85%
EV/EBITDA
7.45
P/E
10.42
EV/Sales
4.89
Sector
Hotels, Restaurants and Leisure
Category
value
Evolution AB Investment Thesis Statement
E3G.F: B2B live casino leader, 75-80% market share. 15% rev growth, 64% op margin despite 2024 headwinds. 12.5x PE, 8.25% FCF yield. Strong moat via scale & innovation. $115 PT (50% upside). Risks: Asian regulation, cyber threats, labor issues. Bull case: 18% FCF growth, $170/share.
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