Professional
Added to YB: 2024-07-24
Pitch date: 2024-07-22
EVO.ST [bullish]
Evolution AB (publ)
-34.8%
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 11.3B
Pitch Price
SEK 964.76
Price Target
1.9K (+195%)
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
Evolution AB (EVO.ST): Live casino leader, 18% YoY Q2 revenue growth. Dominant in Europe (80-90% share), expanding in Asia/US. Strong financials: 50% EBIT margin, 28% 5yr avg ROIC. Growth drivers: mobile gaming, land-based casino migration online, new markets. Risks: regulations, AI. Base case: 15% sales CAGR 2024-2033, 50% EBIT margin. $94.87 fair value.
Read full article (25 min)