Added to YB: 2024-06-25
Pitch date: 2024-06-22
EVO.ST [neutral]
Evolution AB (publ)
-39.86%
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 11.3B
Pitch Price
SEK 1.0K
Price Target
1.6K (+154%)
Dividend
4.93%
EV/EBITDA
7.33
P/E
10.26
EV/Sales
4.81
Sector
Hotels, Restaurants and Leisure
Category
value
Disruptive Analytics: Selling Out Evolution AB
EVO.ST: Strong financials (high margins, revenue growth), cheap on forward P/E, 50% annual dividend growth. Puzzling underperformance vs peers (Flutter, DraftKings) despite solid metrics. Sentiment issues, possibly due to Nordic investor caution, gambling stigma. Analyst sees fair value 1400-1600 SEK. 10% total return in 1.5 years disappointing vs other picks.
Read full article (3 min)