Added to YB: 2024-07-23
Pitch date: 2024-07-21
EVO.ST [bullish]
Evolution AB (publ)
-37.16%
current return
Author Info
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
N/A
Dividend
4.93%
EV/EBITDA
7.33
P/E
10.26
EV/Sales
4.81
Sector
Hotels, Restaurants and Leisure
Category
growth
Evolution: Revenue Growth Slows, but Shareholder Returns Set to Soar
EVO.ST: Rev +15% YoY to €508M, op profit +11% to €311M. Live +18%, RNG +1%. Margins dip on 24% OpEx increase. New capital framework: 100% excess cash distribution, €400M buyback. Acquiring Galaxy Gaming for €124M. Asia now largest market at 39%. Guidance maintained at 69-71% EBITDA margin. Trading at 15x fwd earnings.
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