Evolution AB

STO: EVO.ST

Stock price

824.2 SEK

(-40.67%) 5 years

Financial Performance

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5Y price score: (62)

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The price score is a basic measure of the stock's performance against the S&P 500 Index over a five-year period.

A score of 100 indicates that the stock did as well as the S&P 500 Index.

A score below 100 means the stock underperformed the index, while a score above 100 means it outperformed the S&P 500.

10Y return: 1,748.2%

DATE RANGE:

%

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515.4

52-week range

911.0

824.2

Your model inputs

Required return / cost of capital
%
FCFF terminal growth rate
%

Your fair value & Margin of safety

To calculate fair value based on cost of capital and terminal growth assumptions above, please select free cash flow forecast.

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Valuation

Free Cash Flow Yield

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FCF Yield TTM = Trailing Twelve Months free cash flow per share / current market price per shareLearn more

8.2 %

Dividend Yield TTM

-

Market cap

157,826

Price / Earnings TTM

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P/E TTM = current market price per share / Trailing Twelve Months diluted earnings per shareLearn more

14

Price / Book TTM

3.9

PEG TTM

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Price/Earnings-to-Growth ratio = P/E TTM divided by most recent annual diluted earnings per share growth rateLearn more

(1.4)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

31.7 %

(32.9) %

1,748.1 %

Free cash flow per share growth

5.3 %

304.7 %

8,876.9 %

Earnings per share growth

4 %

253 %

4,745.5 %

Founded: 2,006

Employees: 14,676

Business Summary:Evolution AB (publ) develops, produces, markets, and licenses live casino and slots solutions to gaming operators primarily in Europe and the United States. The company runs the game from a casino gaming table, which is streamed in real time and end users make betting decisions on their devices, such as computers, smartphones, tablets, etc. Its portfolio of online live table games primarily includes Live Roulette, Blackjack, Baccarat, Super Sic Bo, Dragon Tiger, Craps, Live Casino Hold'em, Three Card Poker, and Ultimate Texas Hold'em; and operates approximately 1000 tables. The company was formerly known as Evolution Gaming Group AB (publ). Evolution AB (publ) was founded in 2006 and is headquartered in Stockholm, Sweden.

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Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q3 (Oct 23, 2026)

1) Q3 2026 Performance Overview - Net revenues reached EUR 526.1 million, up 3.7% YoY and 1.6% QoQ. - Adjusted EBITDA was EUR 345.9 million, with a margin of 65.8%. - All regions contributed to growth for the first time since 2024, with live revenues increasing by 1.3% QoQ and 2.6% YoY. - RNG reported 10.1% YoY growth, marking its second consecutive quarter of double-digit growth.

2) Regional Insights and Growth Drivers - Europe: Experienced a 0.4% QoQ growth but a 4.7% YoY decline. Localized content demand remains high, with new game launches like Ice Fishing. - North America: Achieved 13.6% YoY growth, with slots dominating the game type. Expansion continues with new studios in Michigan and New Jersey. - LatAm: Reported 23.1% YoY growth, unaffected by the recent gaming ban in Brazil, with plans for further expansion in Colombia and Argentina. - Africa: Strong performance with 23.7% YoY growth, attributed to consistent operational focus.

3) Challenges and Regulatory Environment - A new gaming ban in Brazil took effect post-Q3, leading to studio closures and potential revenue impacts in Q4. The company is prepared to reopen on short notice. - Regulatory uncertainties and low channelization rates in Europe are seen as barriers to capturing market growth, with management expressing a need for stability to improve performance.

4) Operational and Product Developments - Headcount increased by 8.1% YoY and 2.3% QoQ, indicating a focus on growth and operational capacity. - New game launches include Monopoly Roll’em and Disco Balls, with a significant upcoming title, Game Night, expected to be a major highlight. - The introduction of the Spinning Whale studio aims to cater to the U.S. market, focusing on localized RNG content.

5) Guidance and Future Outlook - Management remains optimistic about maintaining strong EBITDA margins, targeting 66% for the full year. - The company is committed to its share buyback program, having repurchased 16.9 million shares year-to-date, while maintaining a net cash position. - Future growth is anticipated, contingent on stabilizing regulatory environments and successful game launches.

Bottom line: Evolution's Q3 2026 results reflect stable growth amidst regulatory challenges, with strong performance in North America and LatAm. The company is well-positioned for future growth, but must navigate the evolving landscape in Brazil and Europe to sustain momentum.

Evolution AB — Financial Overview, Stock Price, Market Cap

Evolution AB is a company. Founded in 2006. As of October 30, 2026, the company's market capitalization is $157825636010 with a current stock price of $824.20.