BETS-B Stock Analysis: Betsson | ST
Gambling | ST, Sweden | Market Cap: 12.414m SEK | 12M Return: -38% | SE0022726485 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.1M
EPS Trend: 5.9%
Qual. Beats: 0
Rev. Trend: 95.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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: 134.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -5.79 > 1.0 |
| NWC/Revenue: 17.19% < 20% (prev 19.45%; Δ -2.25% < -1%) |
| CFO/TA 0.15 > 3% & CFO 206.6m > Net Income 134.3m |
| Net Debt (-90.0m) to EBITDA (255.7m): -0.35 < 3 |
| Current Ratio: 1.64 > 1.5 & < 3 |
| Outstanding Shares: last quarter (138.6m) vs 12m ago -1.42% < -2% |
| Gross Margin: 64.26% > 18% (prev 68.77%; Δ -4.51% > 0.5%) |
| Asset Turnover: 86.85% > 50% (prev 84.67%; Δ 2.18% > 0%) |
| Interest Coverage Ratio: 11.25 > 6 (EBIT TTM 201.7m / Interest Expense TTM 17.9m) |
| A: 0.15 (Total Current Assets 525.5m - Total Current Liabilities 320.0m) / Total Assets 1.35b |
| B: 0.55 (Retained Earnings 739.0m / Total Assets 1.35b) |
| C: 0.15 (EBIT TTM 201.7m / Avg Total Assets 1.38b) |
| D: 1.61 (Book Value of Equity 844.8m / Total Liabilities 523.1m) |
| Altman-Z'' = 5.46 = AAA |
| DSRI: 0.79 (Receivables 215.5m/271.9m, Revenue 1.20b/1.18b) |
| GMI: 1.07 (GM 68.77% / 64.26%) |
| AQI: 1.06 (AQ_t 0.59 / AQ_t-1 0.56) |
| SGI: 1.01 (Revenue 1.20b / 1.18b) |
| TATA: -0.05 (NI 134.3m - CFO 206.6m) / TA 1.35b) |
| Beneish M = -3.11 (Cap -4..+1) = AA |
As of August 22, 2026, the stock is trading at SEK 93.25 with a total of 164,283 shares traded. Over the past week, the price has changed by +1.91%, over one month by +1.36%, over three months by +4.48% and over the past year by -38.04%.
Current recommended Stop Loss: 90.80 (which is 2.6% or 1.3 ATR below the current price).
Betsson has no consensus analysts rating.
Market Cap EUR = 1.12b (12.4b SEK * 0.0903 SEK.EUR)
P/E Trailing = 8.6802
P/E Forward = 9.2251
P/S = 10.3868
P/B = 1.3287
P/EG = 0.9931
Revenue TTM = 1.20b EUR
EBIT TTM = 201.7m EUR
EBITDA TTM = 255.7m EUR
Long Term Debt = 173.6m EUR (from longTermDebt, last quarter)
Short Term Debt = 4.30m EUR (from shortTermDebt, last quarter)
Debt = 220.0m EUR (from shortLongTermDebtTotal, last quarter) + Leases 23.2m
Net Debt = -90.0m EUR (calculated: Debt 220.0m - CCE 310.0m)
Enterprise Value = 1.03b EUR (1.12b + Debt 220.0m - CCE 310.0m)
Interest Coverage Ratio = 11.25 (Ebit TTM 201.7m / Interest Expense TTM 17.9m)
EV/FCF = 7.49x (Enterprise Value 1.03b / FCF TTM 137.6m)
FCF Yield = 13.35% (FCF TTM 137.6m / Enterprise Value 1.03b)
FCF Margin = 11.51% (FCF TTM 137.6m / Revenue TTM 1.20b)
Net Margin = 11.23% (Net Income TTM 134.3m / Revenue TTM 1.20b)
Gross Margin = 64.26% ((Revenue TTM 1.20b - Cost of Revenue TTM 427.2m) / Revenue TTM)
Gross Margin QoQ = 57.24% (prev 57.60%)
Tobins Q-Ratio = 0.76 (Enterprise Value 1.03b / Total Assets 1.35b)
Interest Expense / Debt = 8.15% (Interest Expense 17.9m / Debt 220.0m)
Taxrate = 23.54% (43.4m / 184.4m)
NOPAT = 154.2m (EBIT 201.7m * (1 - 23.54%))
Current Ratio = 1.64 (Total Current Assets 525.5m / Total Current Liabilities 320.0m)
Debt / Equity = 0.26 (Debt 220.0m / totalStockholderEquity, last quarter 844.8m)
Debt / EBITDA = -0.35 (Net Debt -90.0m / EBITDA 255.7m)
Debt / FCF = -0.65 (Net Debt -90.0m / FCF TTM 137.6m)
Total Stockholder Equity = 884.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 9.76% (Net Income 134.3m / Total Assets 1.35b)
RoE = 15.17% (Net Income TTM 134.3m / Total Stockholder Equity 884.9m)
RoCE = 19.06% (EBIT 201.7m / Capital Employed (Equity 884.9m + L.T.Debt 173.6m))
RoIC = 15.77% (NOPAT 154.2m / Invested Capital 978.2m)
WACC = 6.11% (E(1.12b)/V(1.34b) * Re(6.09%) + D(220.0m)/V(1.34b) * Rd(8.15%) * (1-Tc(0.24)))
Discount Rate = 6.09% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.43 | Cagr: 0.41%
[DCF] Terminal Value 73.10% ; FCFF base≈171.8m ; Y1≈150.7m ; Y5≈121.7m
[DCF] Fair Price = 16.99 (EV 1.95b - Net Debt -90.0m = Equity 2.04b / Shares 120.3m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 5.85 | EPS CAGR: 0.94% | SUE: -0.57 | # QB: 0
Revenue Correlation: 95.07 | Revenue CAGR: 11.30% | SUE: -0.68 | # QB: 0
EPS current Quarter (2026-09-30): EPS=2.79 | Chg30d=+3.87% | Revisions=+40% | Analysts=2
EPS current Year (2026-12-31): EPS=9.95 | Chg30d=+0.38% | Revisions=+17% | GrowthEPS=-27.4% | GrowthRev=+5.5%
EPS next Year (2027-12-31): EPS=11.37 | Chg30d=+1.27% | Revisions=-17% | GrowthEPS=+14.2% | GrowthRev=+5.6%
[Analyst] Revisions Ratio: +18% (up=5, down=3)