Professional
Added to YB: 2024-07-09
Pitch date: 2024-07-07
EVO.ST [bullish]
Evolution AB (publ)
-39.59%
current return
Author Info
Seeking Winners is a senior financial controller investing for the long-term. Sign up for the newsletter.
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 1.1K
Price Target
N/A
Dividend
4.85%
EV/EBITDA
7.45
P/E
10.42
EV/Sales
4.89
Sector
Hotels, Restaurants and Leisure
Category
growth
Seeking Winners Portfolio Holding: Evolution AB
EVO.ST: Live casino B2B leader, 300+ clients. 15-20% organic growth, 70%+ EBIT margins, net cash. Stock down on weak NJ report alleging sanctions violations. Low-teens EV/EBIT, 12% insider ownership. Offline-to-online gambling trend. Potential buyback. Sold SEK shares, bought EVVTY ADSs. Upside potential with multiple expansion expected.
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