Betsson AB (STO:BETS B)

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Price: 138.86 SEK -2.03%

Market Cap: 21.2B SEK

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Section:

Relative Value

The Relative Value of one BETS B stock under the Base Case scenario is 167.76 SEK. Compared to the current market price of 138.86 SEK, Betsson AB is Undervalued by 17%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

BETS B Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.8

P/S

vs History	3
vs Industry	43

Median 5Y

1.5

Industry

1.4

Forward

1.7

More Details

10.7

P/E

vs History	4
vs Industry	55

Median 5Y

Industry

20.2

Forward

11.2

More Details

7.8

P/OCF

vs History	6
vs Industry	51

Median 5Y

6.4

Industry

9.8

More Details

8.2

P/FCFE

vs History	47
vs Industry	43

Median 5Y

8.2

Industry

18.6

More Details

2.3

P/B

vs History	1
vs Industry	47

Median 5Y

1.8

Industry

2.2

More Details

1.6

EV/S

vs History	9
vs Industry	52

Median 5Y

1.5

Industry

1.9

Forward

1.6

More Details

EV/GP

vs History	7
vs Industry	56

Median 5Y

2.7

Industry

3.8

More Details

7.1

EV/EBITDA

vs History	47
vs Industry	57

Median 5Y

7.1

Industry

10.7

Forward

5.4

More Details

7.1

EV/EBIT

vs History	57
vs Industry	61

Median 5Y

7.3

Industry

16.5

Forward

6.6

More Details

7.3

EV/OCF

vs History	15
vs Industry	59

Median 5Y

6.3

Industry

11.9

More Details

EV/FCFF

vs History	30
vs Industry	51

Median 5Y

7.8

Industry

17.4

More Details

1.6

EV/IC

vs History	3
vs Industry	42

Median 5Y

1.3

Industry

1.3

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
SE		Betsson AB STO:BETS B	21.2B SEK	1.8	10.7	7.1	7.1
IE		Flutter Entertainment PLC LSE:FLTR	36.8B GBP	2	-31.8	42.5	60
US		Las Vegas Sands Corp NYSE:LVS	37.6B USD	3.3	25	11.4	17.4
AU		Aristocrat Leisure Ltd ASX:ALL	43.3B AUD	6.6	33.2	23	23
MO		Sands China Ltd HKEX:1928	173.6B HKD	3.1	21.1	12.8	19.8
HK		Galaxy Entertainment Group Ltd HKEX:27	148.7B HKD	3.6	17.9	17.6	17.6
US		DraftKings Inc NASDAQ:DKNG	18.8B USD	4.1	-45.1	-83.2	-38.8
SE		Evolution AB (publ) STO:EVO	171.3B SEK	7.2	13	9.9	11
ZA	S	Sun International Ltd JSE:SUI	10.8B Zac	0	0	0	0
ZA	T	Tsogo Sun Gaming Ltd JSE:TSG	10.5B Zac	0	0	0	0
US		MGM Resorts International NYSE:MGM	10.3B USD	0.6	11.4	5.4	8

				Revenue Growth	P/S to Growth
SE		Betsson AB STO:BETS B	Average P/S: 3.6 1.8	34%	0.1
IE		Flutter Entertainment PLC LSE:FLTR	2	59%	0
US		Las Vegas Sands Corp NYSE:LVS	3.3	27%	0.1
AU		Aristocrat Leisure Ltd ASX:ALL	6.6	14%	0.5
MO		Sands China Ltd HKEX:1928	3.1	38%	0.1
HK		Galaxy Entertainment Group Ltd HKEX:27	3.6	57%	0.1
US		DraftKings Inc NASDAQ:DKNG	4.1	109%	0
SE		Evolution AB (publ) STO:EVO	7.2	52%	0.1
ZA	S	Sun International Ltd JSE:SUI	Not Available	17%	N/A
ZA	T	Tsogo Sun Gaming Ltd JSE:TSG	Not Available	N/A	N/A
US		MGM Resorts International NYSE:MGM	0.6	10%	0.1

				Earnings Growth	P/E to Growth
SE		Betsson AB STO:BETS B	Average P/E: 18.9 10.7	23%	0.5
IE		Flutter Entertainment PLC LSE:FLTR	Negative Multiple: -31.8	N/A	N/A
US		Las Vegas Sands Corp NYSE:LVS	25	87%	0.3
AU		Aristocrat Leisure Ltd ASX:ALL	33.2	59%	0.6
MO		Sands China Ltd HKEX:1928	21.1	152%	0.1
HK		Galaxy Entertainment Group Ltd HKEX:27	17.9	88%	0.2
US		DraftKings Inc NASDAQ:DKNG	Negative Multiple: -45.1	N/A	N/A
SE		Evolution AB (publ) STO:EVO	13	41%	0.3
ZA	S	Sun International Ltd JSE:SUI	Not Available	38%	N/A
ZA	T	Tsogo Sun Gaming Ltd JSE:TSG	Not Available	N/A	N/A
US		MGM Resorts International NYSE:MGM	11.4	-27%	N/A

				EBITDA Growth	EV/EBITDA to Growth
SE		Betsson AB STO:BETS B	Average EV/EBITDA: 16.2 7.1	42%	0.2
IE		Flutter Entertainment PLC LSE:FLTR	42.5	176%	0.2
US		Las Vegas Sands Corp NYSE:LVS	11.4	45%	0.3
AU		Aristocrat Leisure Ltd ASX:ALL	23	59%	0.4
MO		Sands China Ltd HKEX:1928	12.8	50%	0.3
HK		Galaxy Entertainment Group Ltd HKEX:27	17.6	78%	0.2
US		DraftKings Inc NASDAQ:DKNG	Negative Multiple: -83.2	N/A	N/A
SE		Evolution AB (publ) STO:EVO	9.9	51%	0.2
ZA	S	Sun International Ltd JSE:SUI	Not Available	23%	N/A
ZA	T	Tsogo Sun Gaming Ltd JSE:TSG	Not Available	N/A	N/A
US		MGM Resorts International NYSE:MGM	5.4	106%	0.1

				EBIT Growth	EV/EBIT to Growth
SE		Betsson AB STO:BETS B	Average EV/EBIT: 20.5 7.1	49%	0.1
IE		Flutter Entertainment PLC LSE:FLTR	60	1 731%	0
US		Las Vegas Sands Corp NYSE:LVS	17.4	53%	0.3
AU		Aristocrat Leisure Ltd ASX:ALL	23	35%	0.6
MO		Sands China Ltd HKEX:1928	19.8	73%	0.3
HK		Galaxy Entertainment Group Ltd HKEX:27	17.6	95%	0.2
US		DraftKings Inc NASDAQ:DKNG	Negative Multiple: -38.8	N/A	N/A
SE		Evolution AB (publ) STO:EVO	11	53%	0.2
ZA	S	Sun International Ltd JSE:SUI	Not Available	24%	N/A
ZA	T	Tsogo Sun Gaming Ltd JSE:TSG	Not Available	N/A	N/A
US		MGM Resorts International NYSE:MGM	8	13%	0.6

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

	Johnson & Johnson NYSE:JNJ	US
	Berkshire Hathaway Inc NYSE:BRK.A	US
	Bank of America Corp NYSE:BAC	US
	Mastercard Inc NYSE:MA	US
	UnitedHealth Group Inc NYSE:UNH	US
	Exxon Mobil Corp NYSE:XOM	US
	Pfizer Inc NYSE:PFE	US
	Palantir Technologies Inc NYSE:PLTR	US
	Nike Inc NYSE:NKE	US
	Visa Inc NYSE:V	US
	Alibaba Group Holding Ltd NYSE:BABA	CN
	3M Co NYSE:MMM	US
	JPMorgan Chase & Co NYSE:JPM	US
	Coca-Cola Co NYSE:KO	US
	Walmart Inc NYSE:WMT	US
	Verizon Communications Inc NYSE:VZ	US

	Franklin Covey Co NYSE:FC	36.87 USD 1.57%
	Mohawk Industries Inc NYSE:MHK	120.19 USD 0.54%
	Ardmore Shipping Corp NYSE:ASC	12.12 USD 2.02%
	ASGN Inc NYSE:ASGN	84.15 USD 0.71%
	Skyworks Solutions Inc NASDAQ:SWKS	90.35 USD 0.18%
	Weatherford International PLC NASDAQ:WFRD	68.07 USD 1.95%

	Johnson & Johnson NYSE:JNJ	145.85 USD 0.4%
	Bank of America Corp NYSE:BAC	44.38 USD 1.12%
	Mastercard Inc NYSE:MA	535.71 USD 1.28%
	Salesforce Inc NYSE:CRM	344.43 USD 0.45%
	Abbvie Inc NYSE:ABBV	180 USD 0.9%
	Home Depot Inc NYSE:HD	396.14 USD 0.94%

	Arista Networks Inc NYSE:ANET	114.65 USD 1.38%
	Visa Inc NYSE:V	320.65 USD 1.08%
	Texas Pacific Land Corp NYSE:TPL	1 161.2 USD 1.91%
	KLA Corp NASDAQ:KLAC	650.53 USD 0.39%
	Manhattan Associates Inc NASDAQ:MANH	282.27 USD 1.24%
	Pinduoduo Inc NASDAQ:PDD	99.72 USD -0.86%

Betsson AB
STO:BETS B

Relative Value

Valuation Multiples

Multiples Across Competitors

BETS B Competitors Multiples
Betsson AB Competitors

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52 Week Range	96.3049 146.68
Price Target

Betsson AB STO:BETS B

Relative Value

Valuation Multiples

Multiples Across Competitors

BETS B Competitors Multiples Betsson AB Competitors

See Also

Company

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Betsson AB
STO:BETS B

BETS B Competitors Multiples
Betsson AB Competitors