Evolution AB

STO: EVO.ST

Stock price

704.6 SEK

(+Infinity%) NaN day

Financial Performance

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5Y price score: (65)

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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: 1,525.4%

DATE RANGE:

SEK Per
Share

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515.4

52-week range

887.6

704.6

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.

Forecast:

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

9.6 %

Dividend Yield TTM

-

Market cap

135,630

Price / Earnings TTM

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

12

Price / Book TTM

3

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

(1.2)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

(12.4) %

(39.6) %

1,525.4 %

Free cash flow per share growth

8 %

304.7 %

8,876.9 %

Earnings per share growth

(9.8) %

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.

Fair Value Reference Estimate

Latest Earnings Call Takeaways

2026 Q2 (Jul 17, 2026)

1) Financial Performance Overview
- Net revenues for Q2 2026 were EUR 517.8 million, reflecting a 1.2% YoY decline but a 0.9% QoQ increase.
- EBITDA reached EUR 341 million, with a margin of 65.9%, consistent with guidance.
- Operating expenses totaled EUR 220 million, up 1% YoY but down 0.2% QoQ, aiding margin expansion.
- Earnings per share (EPS) after dilution were EUR 1.27.
- Cash flow from operations was EUR 258 million, with a cash conversion rate of 86% over the last 12 months.

2) Regional Performance Insights
- Europe: Recovery noted with good progress across markets, although regulatory challenges persist.
- North America: Strong growth, with the launch of Monopoly Live in multiple states contributing positively.
- Latin America: Continued solid growth, with localized content performing well, including a new version of Ice Fishing in Brazil.
- Asia: Volatility remains due to cybercrime issues, impacting revenue stability. The regulated Filipino market shows growth potential.

3) Product Development and Launches
- New studios launched in Michigan and Argentina, enhancing distribution capabilities.
- Successful launches under the Hasbro partnership, including Monopoly Roulette and Monopoly Roll, received positive feedback.
- Upcoming releases include Funky Time, expected to attract attention in Q3.

4) Challenges and Regulatory Landscape
- Cybercrime continues to pose challenges in Asia, affecting product integrity and market access.
- The U.K. regulatory environment remains complex, with a recent settlement of GBP 4.75 million. No further restrictions are anticipated post-settlement.
- The increase in Remote Gaming Duty in the U.K. may affect channelization, but the overall impact on Evolution's revenue is not significant.

5) Guidance and Future Outlook
- The company remains committed to its EUR 2 billion share buyback program, with buybacks expected to continue in Q3 and Q4, contingent on market conditions.
- Management is optimistic about maintaining EBITDA margins around 66% and is focused on expanding its game offerings and market presence.
- The transcript lacks specific forward-looking guidance on revenue growth rates and detailed expectations for the impact of regulatory changes.

Bottom line: Evolution is navigating a mixed landscape with regional recoveries and product innovations, while addressing challenges in Asia and regulatory pressures. The focus on shareholder value through buybacks and operational efficiency positions the company well for future growth, despite ongoing volatility.

Evolution AB — Financial Overview, Stock Price, Market Cap

Evolution AB is a company. Founded in 2006. As of July 20, 2026, the company's market capitalization is $135630038173 with a current stock price of $704.60.