Added to YB: 2026-08-03
Pitch date: 2026-07-30
EVO.ST [neutral]
Evolution AB (publ)
-0.79%
current return
Author Info
No bio for this author
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 12.6B
Pitch Price
SEK 734.00
Price Target
1.0K (+36%)
Dividend
N/A
EV/EBITDA
9.11
P/E
12.49
EV/Sales
5.64
Sector
Hotels, Restaurants and Leisure
Category
special_situation
Evolution AB: The Seized Monopoly
EVO.ST (holding update): Kenneth Dart's Candle Lake crossed 30% stake, triggering mandatory Swedish takeover bid. Author thinks buyback-fueled float shrinkage (16.5M shares retired) let Dart subsidize takeover. Estimates ~1,000 SEK bid vs 700 SEK legal floor. 66% EBITDA margin monopoly, but sentiment dead. Holds 21% portfolio position; 4wks to resolution.
Read full article (4 min)