Added to YB: 2026-02-26
Pitch date: 2025-12-17
EVVTY [bullish]
Evolution AB (publ)
-12.85%
current return
Author Info
No bio for this author
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 9.6B
Pitch Price
SEK 618.00
Price Target
82.00 (-85%)
Dividend
5.80%
EV/EBITDA
6.52
P/E
9.23
EV/Sales
4.31
Sector
Hotels, Restaurants and Leisure
Category
value
Evolution AB - $EVVTY
EVVTY: B2B online live casino leader hit by EU IP ring-fencing & Asia piracy, causing first y/y revenue decline. But iGaming booming (DraftKings +44% iGaming rev, Flutter +30% AMP). EU growth resumed Q3, easy comps start Q1. Trading 10x 2026 EPS, 9.5% FCF yield. Ken Dart owns 23%, mgmt bought back 2.5% in 8mo. Catalysts: UK regulator resolution, revenue inflection Q1, US state expansion
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