10Mon·

Hello dear Getquin community,


actually I'm just a silent reader, since I'm currently enjoying a few days off, I wanted to contribute something to the community 😊


One company that I have been following for a long time is the Swedish company Evolution AB $EVO (+3.24%) (formerly Evolution Gaming). Evolution AB is a leading company that specializes in the development, publication and marketing of live casino games on the internet. In addition to the usual games such as roulette, blackjack and poker, they also produce their own game shows such as Monopoly Live and Crazy Time.


The company itself does not operate casinos, but merely offers the games as "live shows" for online casinos and betting providers. The company's second division is slots. With Netent, Red-Tiger, BigTimeGaming and noLimit City, the company has four of the largest online slot operators. This means that almost no online casino can avoid Evolution AB at the moment.


This can also be seen in the share's key figures. Evolution AB was a corona profiteer, but continued to deliver even after corona. The EBIT margin is currently around 70% (Q3/2023)


  • Earnings per share after tax (in SEK)

2019 8.77 - 2020 16.24 - 2021 28.75 - 2022 42.06 - 2023 (expected) 54.92


  • Sales in SEK million

2019 3,872.13 - 2020 5,883.24 - 2021 10,844.79 - 2022 15,493.49 - 2023 (expected) 19,988


  • Dividend per share (in SEK)

2019 4,43 - 2020 6,87 - 2021 14,66 - 2022 22,69 - 2023 27,57


Of course, in addition to the ethical aspect of not investing here, there is also a certain risk. I personally see the biggest risk in regulation.

Many countries are trying to restrict or even completely ban gambling. You should always bear this in mind when investing in this company.


Of course, this is not investment advice, but just a brief introduction to the company - I myself have also been invested since this year.


With that, I wish you a nice weekend and a happy holiday season.

attachment
5
5 Comments

profile image
7
Show answer
Personally, I find the company more than interesting.
1
profile image
The company is on my list for analysis over the holidays. I find the company very exciting, but I don't yet understand the risks well enough to buy it, so I'm going to read up on it in more detail and then maybe get in in January.
1
profile image
I also have them in my depot. The following is also worth mentioning:
-They have the best software in many categories (see https://www.livecasinos.com/software/)
-Extremely profitable
-High switching costs for casino operators to other software
-CEO was CO-Founder
-Scaling effects
-Fair valuation
1
Join the conversation