Company Valuation: Betsson B

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,476 11,597 14,896 19,768 20,117 12,922 - -
Change - 55.11% 28.45% 32.71% 1.77% -35.77% - -
Enterprise Value (EV) 1 7,502 11,597 14,220 18,186 18,439 11,581 10,795 9,941
Change - 54.58% 22.62% 27.89% 1.39% -37.19% -6.78% -7.92%
P/E 6.92x 8.75x 7.47x 9.59x 10.8x 9.87x 8.63x 7.84x
PBR 1.28x - 1.72x 2.01x 2.15x 1.35x 1.26x 1.16x
PEG - 0.4x 0.1x 3.16x -1.28x -0.3x 0.6x 0.8x
Capitalization / Revenue 1.12x 1.34x 1.39x 1.58x 1.58x 0.96x 0.91x 0.86x
EV / Revenue 1.12x 1.34x 1.33x 1.45x 1.45x 0.86x 0.76x 0.66x
EV / EBITDA 4.81x 6.04x 4.81x 5.08x 5.53x 4.58x 3.95x 3.38x
EV / EBIT 6.28x 7.93x 6x 6.25x 6.86x 6.41x 5.43x 4.59x
EV / FCF 10.3x - 6.68x 8.95x 11.5x 8.29x 6.54x 5.52x
FCF Yield 9.68% - 15% 11.2% 8.72% 12.1% 15.3% 18.1%
Dividend per Share 2 3.94 - 7.264 7.433 7.025 4.941 5.593 6.084
Rate of return 7.21% - 6.69% 5.18% 4.76% 5.17% 5.86% 6.37%
EPS 2 7.9 9.692 14.53 14.97 13.7 9.678 11.06 12.18
Distribution rate 49.9% - 50% 49.7% 51.3% 51.1% 50.5% 50%
Net sales 1 6,672 8,658 10,678 12,549 12,714 13,406 14,162 14,974
EBITDA 1 1,560 1,921 2,958 3,583 3,332 2,530 2,736 2,940
EBIT 1 1,194 1,462 2,371 2,911 2,688 1,806 1,988 2,165
Net income 1 1,080 1,332 1,997 2,056 1,884 1,323 1,516 1,663
Net Debt 1 26 - -675.7 -1,582 -1,678 -1,341 -2,126 -2,981
Reference price 2 54.65 84.77 108.50 143.60 147.70 95.50 95.50 95.50
Nbr of stocks (in thousands) 136,801 136,801 137,286 137,659 136,202 135,305 - -
Announcement Date 2/10/22 2/14/23 2/15/24 2/6/25 2/5/26 - - -
1SEK in Million2SEK
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.68x5.84x13.7x1.72% 24.52B
13x2.17x7.56x5.7% 17.71B
13.19x5.99x9.1x3.84% 15.22B
-83.44x1.31x8.97x-.--% 13.3B
13.13x2.19x8.11x8.47% 12.31B
201.7x1.65x15.44x-.--% 10.5B
29.49x3.47x16.52x3.58% 7.46B
19.9x3.43x8.54x2.11% 6.96B
Average 28.71x 3.26x 10.99x 3.18% 13.5B
Weighted average by Cap. 23.30x 3.56x 10.86x 3.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield