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 12,725 - -
Change - 55.11% 28.45% 32.71% 1.77% -36.74% - -
Enterprise Value (EV) 1 7,502 11,597 14,220 18,186 18,439 11,384 10,599 9,744
Change - 54.58% 22.62% 27.89% 1.39% -38.26% -6.9% -8.06%
P/E 6.92x 8.75x 7.47x 9.59x 10.8x 9.72x 8.5x 7.72x
PBR 1.28x - 1.72x 2.01x 2.15x 1.33x 1.24x 1.14x
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 0.95x 0.9x 0.85x
EV / Revenue 1.12x 1.34x 1.33x 1.45x 1.45x 0.85x 0.75x 0.65x
EV / EBITDA 4.81x 6.04x 4.81x 5.08x 5.53x 4.5x 3.87x 3.31x
EV / EBIT 6.28x 7.93x 6x 6.25x 6.86x 6.3x 5.33x 4.5x
EV / FCF 10.3x - 6.68x 8.95x 11.5x 8.15x 6.42x 5.41x
FCF Yield 9.68% - 15% 11.2% 8.72% 12.3% 15.6% 18.5%
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% 5.25% 5.95% 6.47%
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 94.05 94.05 94.05
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.($)
23.59x6.1x14.31x1.65% 26.31B
14.08x2.36x8.22x5.24% 18.91B
-126.79x1.54x10.45x-.--% 17.37B
14.15x6.49x9.87x3.54% 16.84B
15.31x2.45x9.09x7.19% 14.58B
228.47x1.86x17.15x-.--% 11.92B
30.61x3.57x16.97x3.46% 8B
16.39x2.43x8.92x2.22% 7.11B
Average 26.98x 3.35x 11.87x 2.91% 15.13B
Weighted average by Cap. 18.43x 3.68x 11.69x 2.9%

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