Evolution AB (publ)
STO:EVO

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Evolution AB (publ)
STO:EVO
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Price: 825.4 SEK 1.13% Market Closed
Market Cap: 174.8B SEK

Relative Value

The Relative Value of one EVO stock under the Base Case scenario is 977.97 SEK. Compared to the current market price of 825.4 SEK, Evolution AB (publ) is Undervalued by 16%.

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
977.97 SEK
Undervaluation 16%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
92
vs Industry
10
Median 3Y
13
Median 5Y
15.9
Industry
1.4
Forward
6.7
vs History
92
vs Industry
44
Median 3Y
22.3
Median 5Y
28.4
Industry
18.9
Forward
12.6
vs History
92
vs Industry
31
Median 3Y
21.3
Median 5Y
26.8
Industry
9.4
vs History
92
vs Industry
34
Median 3Y
23.9
Median 5Y
30.8
Industry
18.1
vs History
92
vs Industry
21
Median 3Y
5.7
Median 5Y
6.4
Industry
2.1
vs History
92
vs Industry
13
Median 3Y
12.7
Median 5Y
15.7
Industry
1.8
Forward
6.4
vs History
vs Industry
Median 3Y
0
Median 5Y
0
Industry
3.7
vs History
92
vs Industry
42
Median 3Y
18.3
Median 5Y
23.2
Industry
10.6
Forward
9.6
vs History
92
vs Industry
51
Median 3Y
20.3
Median 5Y
25.7
Industry
16.3
Forward
10.6
vs History
92
vs Industry
39
Median 3Y
20.8
Median 5Y
26.4
Industry
11.5
vs History
92
vs Industry
41
Median 3Y
22.9
Median 5Y
29.5
Industry
16.7
vs History
92
vs Industry
16
Median 3Y
5.2
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
170.5B SEK 7.1 12.6 9.6 10.5
IE
Flutter Entertainment PLC
LSE:FLTR
30.7B GBP 2.2 714.7 17.2 38.9
AU
Aristocrat Leisure Ltd
ASX:ALL
40.4B AUD 6.1 31 21.5 21.5
US
Las Vegas Sands Corp
NYSE:LVS
25.5B USD 2.3 19.6 8.8 13.9
US
DraftKings Inc
NASDAQ:DKNG
16.9B USD 3.5 -33.3 -54 -28.9
HK
Galaxy Entertainment Group Ltd
HKEX:27
123.6B HKD 2.8 14.1 9.2 13.3
MO
Sands China Ltd
HKEX:1928
113.3B HKD 2.1 14 9 13.8
ZA
Sun International Ltd
JSE:SUI
9.8B Zac 0 0 0 0
US
MGM Resorts International
NYSE:MGM
9.3B USD 0.5 12.5 5.4 8.1
US
Wynn Resorts Ltd
NASDAQ:WYNN
8.8B USD 1.2 17.6 8.8 13.4
ZA
Tsogo Sun Gaming Ltd
JSE:TSG
8.6B Zac 0 0 0 0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SE
Evolution AB (publ)
STO:EVO
Average EV/EBITDA: 11.2
9.6
8%
1.2
IE
Flutter Entertainment PLC
LSE:FLTR
17.2
38%
0.5
AU
Aristocrat Leisure Ltd
ASX:ALL
21.5
17%
1.3
US
Las Vegas Sands Corp
NYSE:LVS
8.8
12%
0.7
US
DraftKings Inc
NASDAQ:DKNG
Negative Multiple: -54 N/A N/A
HK
Galaxy Entertainment Group Ltd
HKEX:27
9.2
14%
0.7
MO
Sands China Ltd
HKEX:1928
9
14%
0.6
ZA
S
Sun International Ltd
JSE:SUI
Not Available
5%
N/A
US
MGM Resorts International
NYSE:MGM
5.4
23%
0.2
US
Wynn Resorts Ltd
NASDAQ:WYNN
8.8
7%
1.3
ZA
T
Tsogo Sun Gaming Ltd
JSE:TSG
Not Available
-2%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
SE
Evolution AB (publ)
STO:EVO
Average EV/EBIT: 16.7
10.5
8%
1.3
IE
Flutter Entertainment PLC
LSE:FLTR
38.9
49%
0.8
AU
Aristocrat Leisure Ltd
ASX:ALL
21.5
11%
2
US
Las Vegas Sands Corp
NYSE:LVS
13.9
14%
1
US
DraftKings Inc
NASDAQ:DKNG
Negative Multiple: -28.9 N/A N/A
HK
Galaxy Entertainment Group Ltd
HKEX:27
13.3
17%
0.8
MO
Sands China Ltd
HKEX:1928
13.8
15%
0.9
ZA
S
Sun International Ltd
JSE:SUI
Not Available N/A N/A
US
MGM Resorts International
NYSE:MGM
8.1
9%
0.9
US
Wynn Resorts Ltd
NASDAQ:WYNN
13.4
5%
2.7
ZA
T
Tsogo Sun Gaming Ltd
JSE:TSG
Not Available
-2%
N/A