Added to YB: 2026-06-29
Pitch date: 2026-06-25
EVO.ST [neutral]
Evolution AB (publ)
Author Info
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Company Info
Evolution AB (publ) develops, produces, markets, and licenses live casino and slots solutions to gaming operators in Europe, Asia, North America, Latin America, and internationally.
Market Cap
SEK 11.6B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
8.32
P/E
11.31
EV/Sales
5.15
Sector
Hotels, Restaurants and Leisure
Category
growth
Evolution AB | Has the dust settled?
EVO.ST (overview): Live casino B2B leader, ~50% net margins, ~12.5x earnings. Mkt growing ~10%/yr w/ operating leverage. US studio moat (state-by-state) drives growth, but EU ring-fencing & Asian stream hijackers pressure revenue/margins—worst seemingly past. DCF assumes 15x exit P/E justified given ROIC, growth, capital allocation.
Read full article (4 min)