TopFunds

Evolution AB

STO: EVO.ST

Stock price

598.2 SEK

(-55.84%) 5 years

software
Gambling
Resorts & Casinos
Gambling
Resorts & Casinos

Financial Performance

Share

5Y price score: (85)

Help
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: 1,164.1%

DATE RANGE:

SEK Per
Share

  • Earnings per share

  • Free cash flow per share

  • Stock price

By default your notes are visible only to you.

515.4

52-week range

887.6

598.2

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.

Forecast:

Valuation

Free Cash Flow Yield

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

0.9 %

Dividend Yield TTM

5.2 %

Market cap

119,177.4

Price / Earnings TTM

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

113.9

Price / Book TTM

2.7

PEG TTM

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

(11.6)

Earnings growth and return

LTM

5YR

10YR

Total return (price & dividends)

(19.5) %

(47.9) %

1,164.1 %

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.

Financials

all figures in EUR Millions except per share data

Periods:

View:

Forecast:

Help

Averages

based on historical growth rates (CAGR) and average margins for last 10 or max, available and up to 10 years.

Analysts

Average Revenue and Net Income forecast estimates from analysts who cover the stock.

Custom

you can edit default forecast based on averages or analysts consensus and use it to calculate fair value based on your assumptions.

Actual
10 year gagr
Estimated
Projected
Fiscal
FISCAL PERIOD END DATES
01Earnings per share
Help
Diluted EPS
02FCF per share
03Dividends per share
Help
Adjusted for splits
04Dividends payout, %
05Revenue
06ㅤ% Change
07Net Income
08ㅤ% Margin
09CFO
10ㅤ% Of revenue
11CAPEX
12ㅤ% Change
13FCFF
Help
Free Cash Flow to the Firm = Cash Flows from Operating Activities (09) – Capital Expenditures (11)
14Total assets
15ㅤ% Change
16Total liabilities
17ㅤ% Of assets
18Shareholders Equity
19Net Debt
20Shares Outstanding
Help
Diluted Weighted-average Shares Outstanding
21ㅤ% Change
22ROA
23ROE
24Interest coverage
25Dividend Yield
26P/E Ratio
27Stock price range
28Market Cap
Help
End of Period Market Cap
29FCF Yield
30Average stock price
31 CEO
Fair Value Reference Estimate

  • Increase

  • Decrease

  • Total

Required return / cost of capital
FCFF terminal growth rate
Free cash flow forecast
Terminal value
ㅤPV breakdown
Enterprise value / PV of FCF
ㅤPlus / (Less): Net Debt
ㅤLess: preferred stock
ㅤLess: minority interest
Market cap
ㅤNumber of shares
Price per share

Latest Earnings Call Takeaways

2025 Q4 (Feb 5, 2026)

1) Financial Performance Overview
- Q4 2025 net revenues reached EUR 540 million, a 1.4% increase QoQ but a 3.7% decline YoY.
- Adjusted EBITDA for Q4 was EUR 341.5 million, with a margin of 66.4%.
- Full-year net revenues were nearly flat at EUR 2,067 million, with adjusted EBITDA down 3.2% to EUR 1,366 million and a margin of 66.1%.
- The company reported a profit of EUR 306.8 million for Q4 and EUR 1.06 billion for the full year.

2) Regional Performance Insights
- Asia showed modest growth in Q4, indicating progress against cyber criminality, while Europe experienced declines both QoQ and YoY due to regulatory challenges.
- North America and Latin America reported record revenues, with Brazil driving growth as new regulations settle in.
- The company launched Ezugi as a second brand in New Jersey, aiming to capture more market share in the U.S.

3) Operational Developments and Challenges
- Headcount increased by 5.8% YoY, indicating growth in operational capacity.
- The Game Round Index showed a 1.8% increase for the full year compared to 2024, despite a decline in the second half of the year.
- The company faced challenges in Europe due to strict ring-fencing measures leading to a decline in channelization, pushing players towards unregulated operators.

4) Product Innovations and Future Plans
- The company is excited about its 2026 product roadmap, including over 110 new games and exclusive titles from its partnership with Hasbro.
- Upcoming launches include Game Night and MONOPOLY Filthy Rich, expected to enhance player engagement and revenue potential.
- Expansion plans include new studios in Michigan and continued investment in existing markets, particularly in North America and Latin America.

5) Guidance and Outlook
- The company aims to maintain an EBITDA margin of around 66% in 2026, similar to 2025, while navigating regulatory challenges in Europe.
- Management expressed optimism about stabilizing operations in Asia and improving financial performance with a more favorable environment.
- The call did not provide specific guidance on CapEx for 2026, which will be addressed in future communications.

Bottom line: Evolution's Q4 results reflect resilience amid regulatory challenges, with promising growth in North America and Latin America. The upcoming product launches and strategic expansions position the company well for 2026, despite the need for improved performance in Europe. Shareholders can expect continued focus on innovation and operational efficiency.

Evolution AB — Financial Overview, Stock Price, Market Cap

Evolution AB is a company. Founded in 2006. As of April 13, 2026, the company's market capitalization is $119177362329 with a current stock price of $598.20.