Evolution AB (publ)
STO:EVO

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Evolution AB (publ)
STO:EVO
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Price: 771.4 SEK -0.85%
Market Cap: 163.4B SEK

Relative Value

The Relative Value of one EVO stock under the Base Case scenario is 980.55 SEK. Compared to the current market price of 771.4 SEK, Evolution AB (publ) is Undervalued by 21%.

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.

EVO Relative Value
Base Case
980.55 SEK
Undervaluation 21%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
98
vs Industry
10
Median 3Y
13
Median 5Y
15.9
Industry
1.4
Forward
6.3
vs History
98
vs Industry
44
Median 3Y
22.4
Median 5Y
28.7
Industry
19.4
Forward
11.8
vs History
98
vs Industry
31
Median 3Y
21.6
Median 5Y
27.2
Industry
9.5
vs History
98
vs Industry
34
Median 3Y
24.2
Median 5Y
31
Industry
18.8
vs History
98
vs Industry
21
Median 3Y
5.8
Median 5Y
6.4
Industry
2.1
vs History
98
vs Industry
13
Median 3Y
12.8
Median 5Y
15.7
Industry
1.9
Forward
6
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
3.8
vs History
98
vs Industry
42
Median 3Y
18.4
Median 5Y
23.3
Industry
10.7
Forward
9
vs History
98
vs Industry
51
Median 3Y
20.5
Median 5Y
25.9
Industry
16.5
Forward
10
vs History
98
vs Industry
39
Median 3Y
21.1
Median 5Y
26.5
Industry
11.7
vs History
98
vs Industry
41
Median 3Y
23
Median 5Y
29.7
Industry
17.1
vs History
98
vs Industry
16
Median 3Y
5.3
Median 5Y
5.9
Industry
1.3

Multiples Across Competitors

EVO Competitors Multiples
Evolution AB (publ) Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
SE
Evolution AB (publ)
STO:EVO
159.6B SEK 6.7 11.9 9 9.9
IE
Flutter Entertainment PLC
LSE:FLTR
32.5B GBP 1.7 -28.1 37.9 53.6
US
Las Vegas Sands Corp
NYSE:LVS
29.2B USD 2.6 20.2 9.5 14.8
AU
Aristocrat Leisure Ltd
ASX:ALL
41.1B AUD 6.2 31.6 21.8 21.8
US
DraftKings Inc
NASDAQ:DKNG
18.5B USD 3.9 -36.4 -59 -31.6
HK
Galaxy Entertainment Group Ltd
HKEX:27
140.4B HKD 3.2 16 13.5 13.5
MO
Sands China Ltd
HKEX:1928
134.7B HKD 2.4 16.6 17.4 17.4
ZA
Sun International Ltd
JSE:SUI
10.5B Zac 0 0 0 0
US
Scientific Games Corp
F:TJW
9.4B EUR 3.2 30.3 12.2 18
US
MGM Resorts International
NYSE:MGM
9.5B USD 0.5 12.7 5.5 8.2
US
PENN Entertainment Inc
SWB:PN1
8.7B EUR 1.4 -30.1 25.9 89
P/E Multiple
Earnings Growth PEG
SE
Evolution AB (publ)
STO:EVO
Average P/E: 19.9
11.9
10%
1.2
IE
Flutter Entertainment PLC
LSE:FLTR
Negative Multiple: -28.1 N/A N/A
US
Las Vegas Sands Corp
NYSE:LVS
20.2
19%
1.1
AU
Aristocrat Leisure Ltd
ASX:ALL
31.6
17%
1.9
US
DraftKings Inc
NASDAQ:DKNG
Negative Multiple: -36.4 N/A N/A
HK
Galaxy Entertainment Group Ltd
HKEX:27
16
27%
0.6
MO
Sands China Ltd
HKEX:1928
16.6
38%
0.4
ZA
S
Sun International Ltd
JSE:SUI
Not Available
11%
N/A
US
S
Scientific Games Corp
F:TJW
30.3
23%
1.3
US
MGM Resorts International
NYSE:MGM
12.7
12%
1.1
US
P
PENN Entertainment Inc
SWB:PN1
Negative Multiple: -30.1 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Evolution AB (publ)
STO:EVO
Average EV/EBITDA: 17
9
9%
1
IE
Flutter Entertainment PLC
LSE:FLTR
37.9
41%
0.9
US
Las Vegas Sands Corp
NYSE:LVS
9.5
12%
0.8
AU
Aristocrat Leisure Ltd
ASX:ALL
21.8
17%
1.3
US
DraftKings Inc
NASDAQ:DKNG
Negative Multiple: -59 N/A N/A
HK
Galaxy Entertainment Group Ltd
HKEX:27
13.5
24%
0.6
MO
Sands China Ltd
HKEX:1928
17.4
31%
0.6
ZA
S
Sun International Ltd
JSE:SUI
Not Available
7%
N/A
US
S
Scientific Games Corp
F:TJW
12.2
14%
0.9
US
MGM Resorts International
NYSE:MGM
5.5
25%
0.2
US
P
PENN Entertainment Inc
SWB:PN1
25.9
52%
0.5