BETS-B Stock Analysis: Betsson | ST
Gambling | ST, Sweden | Market Cap: 11.644m SEK | 12M Return: -53.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 30.6M
EPS Trend: 50.1%
Qual. Beats: -3
Rev. Trend: 97.4%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Betsson AB (publ) is a Swedish-based online gaming operator listed on the Stockholm Stock Exchange under the ticker BETS-B. The company runs a multi-brand portfolio including Betsson, Betsafe, Nordicbet, Rizk, and several others, offering casino games, sports betting, poker, and bingo to customers across multiple international markets. Originally founded in 1963 as Cherryföretagen AB, the company rebranded to Betsson in 2006 following its strategic shift into online gaming.
As a player in the Casinos & Gaming sub-industry, Betsson operates under a B2C model, generating revenue primarily through gross gaming yield (the difference between player wagers and payouts). The industry is heavily regulated, requiring operators to hold gaming licenses in each jurisdiction where they offer services, which is a key factor shaping Betssons geographic footprint and compliance costs. The use of multiple brands is a common strategy in the sector, allowing operators to target different customer segments, regional markets, and product verticals under separate identities.
- Latin American expansion accelerates through Inkabet and Jalla Casino brands
- Online casino revenue growth outpaces sports betting volatility
- European gaming regulation tightens raising compliance costs
- Share buybacks and dividends support capital return profile
| Net Income: 154.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.09 > 0.02 and ΔFCF/TA -9.41 > 1.0 |
| NWC/Revenue: 25.13% < 20% (prev 25.87%; Δ -0.74% < -1%) |
| CFO/TA 0.14 > 3% & CFO 186.1m > Net Income 154.4m |
| Net Debt (-130.6m) to EBITDA (281.3m): -0.46 < 3 |
| Current Ratio: 2.18 > 1.5 & < 3 |
| Outstanding Shares: last quarter (136.7m) vs 12m ago -3.60% < -2% |
| Gross Margin: 65.99% > 18% (prev 69.20%; Δ -3.20% > 0.5%) |
| Asset Turnover: 85.40% > 50% (prev 80.48%; Δ 4.92% > 0%) |
| Interest Coverage Ratio: 8.74 > 6 (EBIT TTM 228.5m / Interest Expense TTM 26.2m) |
| A: 0.22 (Total Current Assets 551.3m - Total Current Liabilities 252.6m) / Total Assets 1.35b |
| B: 0.55 (Retained Earnings 739.0m / Total Assets 1.35b) |
| C: 0.16 (EBIT TTM 228.5m / Avg Total Assets 1.39b) |
| D: 2.01 (Book Value of Equity 912.0m / Total Liabilities 453.5m) |
| Altman-Z'' = 6.44 = AAA |
| DSRI: 0.76 (Receivables 209.5m/266.4m, Revenue 1.19b/1.15b) |
| GMI: 1.05 (GM 69.20% / 65.99%) |
| AQI: 1.05 (AQ_t 0.57 / AQ_t-1 0.54) |
| SGI: 1.03 (Revenue 1.19b / 1.15b) |
| TATA: -0.02 (NI 154.4m - CFO 186.1m) / TA 1.35b) |
| Beneish M = -3.13 (Cap -4..+1) = AA |
As of July 04, 2026, the stock is trading at SEK 86.35 with a total of 740,804 shares traded. Over the past week, the price has changed by +2.07%, over one month by -2.21%, over three months by -11.64% and over the past year by -53.29%.
Current recommended Stop Loss: 80.80 (which is 6.4% or 2.6 ATR below the current price).
Betsson has no consensus analysts rating.
Market Cap EUR = 1.05b (11.6b SEK * 0.0903 SEK.EUR)
P/E Trailing = 6.8344
P/E Forward = 8.4962
P/S = 9.7966
P/B = 1.157
P/EG = 0.9931
Revenue TTM = 1.19b EUR
EBIT TTM = 228.5m EUR
EBITDA TTM = 281.3m EUR
Long Term Debt = 173.4m EUR (from longTermDebt, last quarter)
Short Term Debt = 1.10m EUR (from shortTermDebt, last quarter)
Debt = 211.2m EUR (from shortLongTermDebtTotal, last quarter) + Leases 18.9m
Net Debt = -130.6m EUR (calculated: Debt 211.2m - CCE 341.8m)
Enterprise Value = 920.9m EUR (1.05b + Debt 211.2m - CCE 341.8m)
Interest Coverage Ratio = 8.74 (Ebit TTM 228.5m / Interest Expense TTM 26.2m)
EV/FCF = 7.76x (Enterprise Value 920.9m / FCF TTM 118.6m)
FCF Yield = 12.88% (FCF TTM 118.6m / Enterprise Value 920.9m)
FCF Margin = 9.98% (FCF TTM 118.6m / Revenue TTM 1.19b)
Net Margin = 12.98% (Net Income TTM 154.4m / Revenue TTM 1.19b)
Gross Margin = 65.99% ((Revenue TTM 1.19b - Cost of Revenue TTM 404.3m) / Revenue TTM)
Gross Margin QoQ = 57.60% (prev 60.48%)
Tobins Q-Ratio = 0.68 (Enterprise Value 920.9m / Total Assets 1.35b)
Interest Expense / Debt = 12.38% (Interest Expense 26.2m / Debt 211.2m)
Taxrate = 22.74% (47.0m / 206.7m)
NOPAT = 176.5m (EBIT 228.5m * (1 - 22.74%))
Current Ratio = 2.18 (Total Current Assets 551.3m / Total Current Liabilities 252.6m)
Debt / Equity = 0.23 (Debt 211.2m / totalStockholderEquity, last quarter 912.0m)
Debt / EBITDA = -0.46 (Net Debt -130.6m / EBITDA 281.3m)
Debt / FCF = -1.10 (Net Debt -130.6m / FCF TTM 118.6m)
Total Stockholder Equity = 882.7m (last 4 quarters mean from totalStockholderEquity)
RoA = 11.09% (Net Income 154.4m / Total Assets 1.35b)
RoE = 17.49% (Net Income TTM 154.4m / Total Stockholder Equity 882.7m)
RoCE = 21.64% (EBIT 228.5m / Capital Employed (Equity 882.7m + L.T.Debt 173.4m))
RoIC = 16.95% (NOPAT 176.5m / Invested Capital 1.04b)
WACC = 7.51% (E(1.05b)/V(1.26b) * Re(7.10%) + D(211.2m)/V(1.26b) * Rd(12.38%) * (1-Tc(0.23)))
Discount Rate = 7.10% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 20.95 | Cagr: -0.21%
[DCF] Terminal Value 73.10% ; FCFF base≈175.2m ; Y1≈153.7m ; Y5≈124.2m
[DCF] Fair Price = 17.62 (EV 1.99b - Net Debt -130.6m = Equity 2.12b / Shares 120.5m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 50.13 | EPS CAGR: 8.51% | SUE: -2.43 | # QB: -3
Revenue Correlation: 97.41 | Revenue CAGR: 13.07% | SUE: -0.65 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.69 | Chg30d=-0.81% | Revisions=-20% | Analysts=2
EPS current Year (2026-12-31): EPS=9.91 | Chg30d=+1.32% | Revisions=-20% | GrowthEPS=-27.6% | GrowthRev=+2.6%
EPS next Year (2027-12-31): EPS=11.22 | Chg30d=-11.05% | Revisions=-20% | GrowthEPS=+13.2% | GrowthRev=+6.0%
[Analyst] Revisions Ratio: -20%