Financials Betsson B Nasdaq Stockholm

Equities

BETS B

SE0014186532

Casinos & Gaming

End-of-day quote Nasdaq Stockholm 06:00:00 2024-02-04 pm EST 5-day change 1st Jan Change
114.4 SEK -1.29% Intraday chart for Betsson B +0.88% +5.44%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,046 10,071 7,476 11,597 14,896 16,625 - -
Enterprise Value (EV) 1 6,232 10,229 7,502 11,597 14,220 14,619 13,092 11,456
P/E ratio 7.68 x 10.1 x 6.92 x 8.75 x 7.47 x 6.78 x 7.01 x 5.76 x
Yield 6.5% 4.99% 7.21% - 6.69% 7.37% 7.16% 8.81%
Capitalization / Revenue 1.17 x 1.58 x 1.12 x 1.34 x 1.39 x 1.28 x 1.26 x 1.14 x
EV / Revenue 1.2 x 1.6 x 1.12 x 1.34 x 1.33 x 1.13 x 1 x 0.79 x
EV / EBITDA 5.07 x 6.69 x 4.81 x 6.04 x 4.81 x 3.77 x 3.57 x 2.66 x
EV / FCF 7.04 x 14.8 x 10.3 x - 6.68 x 6.95 x 5.46 x 4.34 x
FCF Yield 14.2% 6.75% 9.68% - 15% 14.4% 18.3% 23%
Price to Book 1.23 x 1.99 x 1.28 x - 1.72 x 1.65 x 1.52 x 1.23 x
Nbr of stocks (in thousands) 138,415 136,652 136,801 136,801 137,286 137,286 - -
Reference price 2 43.68 73.70 54.65 84.77 108.5 121.1 121.1 121.1
Announcement Date 2/13/20 2/9/21 2/10/22 2/14/23 2/15/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,173 6,390 6,672 8,658 10,678 12,965 13,155 14,532
EBITDA 1 1,230 1,529 1,560 1,921 2,958 3,879 3,665 4,307
EBIT 1 865 1,170 1,194 1,462 2,371 3,226 3,049 3,623
Operating Margin 16.72% 18.3% 17.89% 16.88% 22.2% 24.88% 23.18% 24.93%
Earnings before Tax (EBT) 1 810.9 1,069 1,137 1,388 2,194 3,046 2,877 3,466
Net income 1 787.5 1,006 1,080 1,332 1,997 2,548 2,435 2,944
Net margin 15.22% 15.75% 16.18% 15.39% 18.7% 19.65% 18.51% 20.26%
EPS 2 5.690 7.320 7.900 9.692 14.53 17.85 17.28 21.01
Free Cash Flow 1 885.2 690.6 726.2 - 2,128 2,105 2,396 2,640
FCF margin 17.11% 10.81% 10.88% - 19.93% 16.24% 18.21% 18.17%
FCF Conversion (EBITDA) 71.99% 45.18% 46.55% - 71.95% 54.27% 65.36% 61.29%
FCF Conversion (Net income) 112.41% 68.61% 67.25% - 106.6% 82.62% 98.4% 89.66%
Dividend per Share 2 2.840 3.680 3.940 - 7.264 8.925 8.675 10.67
Announcement Date 2/13/20 2/9/21 2/10/22 2/14/23 2/15/24 - - -
1SEK in Million2SEK
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,595 1,767 1,946 2,191 2,458 2,518 2,726 2,792 2,837 2,905 3,245 3,205 3,609 3,059
EBITDA 1 307.5 346.7 410.5 531.5 569.3 616.1 778.1 809.7 809.7 838.1 987.5 914.9 1,139 849
EBIT 1 210.6 245 305 420 445.6 487.9 627.3 658.1 641.9 677.7 823.1 750.4 974.7 697.8
Operating Margin 13.21% 13.87% 15.67% 19.17% 18.13% 19.38% 23.02% 23.57% 22.63% 23.33% 25.36% 23.42% 27.01% 22.81%
Earnings before Tax (EBT) 1 193.7 231.5 328 383.9 398.8 464.1 599.7 597 573.2 637.9 776.2 703.6 927.8 662.9
Net income 1 189.5 220.1 305 362 403.3 427.8 577.8 560.6 469.6 483.4 659.8 598.1 789.2 558.2
Net margin 11.88% 12.46% 15.67% 16.53% 16.41% 16.99% 21.2% 20.08% 16.55% 16.64% 20.33% 18.66% 21.87% 18.25%
EPS 2 1.390 1.661 2.194 2.625 2.896 3.177 4.259 4.113 3.378 3.512 4.816 4.365 5.757 4.070
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 2/10/22 4/28/22 7/21/22 10/26/22 2/14/23 4/27/23 7/20/23 10/26/23 2/15/24 4/26/24 - - - -
1SEK in Million2SEK
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 186 158 26 - - - - -
Net Cash position 1 - - - - 676 2,006 3,533 5,169
Leverage (Debt/EBITDA) 0.1513 x 0.1034 x 0.0167 x - - - - -
Free Cash Flow 1 885 691 726 - 2,128 2,105 2,396 2,640
ROE (net income / shareholders' equity) 16.6% 20.3% 19.9% - 24.9% 26.4% 22.9% 23.5%
ROA (Net income/ Total Assets) 10.4% 12.6% 12.4% - 16% 13.9% 14.4% 14.5%
Assets 1 7,583 7,979 8,720 - 12,493 18,329 16,906 20,305
Book Value Per Share 2 35.40 37.10 42.60 - 63.20 73.20 79.60 98.50
Cash Flow per Share - - 10.70 - - - - -
Capex 1 265 366 327 - 466 523 570 616
Capex / Sales 5.12% 5.72% 4.9% - 4.37% 4.04% 4.33% 4.24%
Announcement Date 2/13/20 2/9/21 2/10/22 2/14/23 2/15/24 - - -
1SEK in Million2SEK
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
3
Last Close Price
121.1 SEK
Average target price
143.3 SEK
Spread / Average Target
+18.36%
Consensus