EVO.ST

Strong BuyPremium Grower

Evolution AB (publ) · Consumer Cyclical · Sweden · $15.8B

SEK 814.60 +1.5% · close 5 Oct · scored 7 Oct

Premium Grower: Strong business with the market behind it, priced at a premium.

89
StockRank
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Quality
83
Value
43
Momentum
59

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
13.4x
peers 18.1x
ROE
26.7%
peers 11.8%
D/E
0.0x
peers 0.6x
Dividend %
—
trailing yield

ABOUT EVOLUTION AB (PUBL)

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Evolution AB (publ) is a leading B2B provider of live casino solutions to online gambling operators worldwide, offering a comprehensive suite of live dealer games streamed from state-of-the-art studios. The company is renowned for its innovative game formats, high-quality streaming, and scalability across regulated markets. Its strong competitive moat is built on its technological superiority, extensive game portfolio, and first-mover advantage in a rapidly growing segment, making it the preferred partner for online casino operators.

FINANCIAL SUMMARY (SEK)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue16.4B20.2B23.2B23.3B12.4%23.1B23.6B25.1B3.8%
EPS (SEK)44.4556.3866.8458.969.9%59.8060.5369.018.2%
Shares213.2M213.6M206.6M199.2M-6.6%182.6M———
Debt895.2M894.1M1.1B1.0B4.6%1.0B———
Equity38.9B45.1B44.7B45.9B5.6%————
Op CF9.9B13.1B14.6B14.1B12.7%14.7B———
Inv CF-4.2B-1.6B-2.8B-1.6B—————
Fin CF-4.4B-6.5B-13.9B-12.3B—————
Loading 1Y...
PRICE (1Y) · SEK-0.7%
78281184187090021 Aug15 Sep5 Oct
SMA 50SMA 200

Price checkExperimental
SwingsCalm

Calmer than 76% of stocks we rank over the past year (28% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
SEK 814.60
RSI (14)
27.0
52-Week Range-10.6% from high
Low SEK 515.40High SEK 911.00

SCORE BREAKDOWN

Quality
83
ROIC
29.3%94.4
ROE
26.7%90.1
GP/Assets
36.7%67.0
Op. Margin
57.5%99.6
FCF/Assets
20.3%95.9
Piotroski
654.7
Int. Cover
50.0x89.5
D/E Ratio
0.02x90.6
Current Ratio
2.04x67.3
Value
43
P/E (TTM)
13.4x63.9
EV/EBITDA
10.9x44.9
P/FCF
12.4x60.6
P/B
3.3x25.9
P/S
6.3x6.7
Div Yield
—N/A
Momentum
59
52W High %
89%81.8
RS 6M
22%86.8
SMA 50/200
1.20x92.8
EPS Rev 4W
-4.8%7.7
EPS Rev 12W
-3.2%22.7
EPS Improve
+19%33.1
Q Growth
1%38.8

FUNDAMENTALS

Market Cap
$15.8B
P/E (Forward)
11.2x
Gross Margin
100.0%

SECTOR PEERS

Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of EVO.ST are excluded.

TickerCompanyMkt CapStockRankSignal
EVO.STEvolution AB (publ)(you)$15.8B89Strong Buy
BETS-B.STBetsson AB (publ)$1.3B86Strong Buy
ALIV-SDB.STAutoliv, Inc.$8.5B79Buy
HM-B.STH & M Hennes & Mauritz AB (publ)$26.8B68Buy
CLAS-B.STClas Ohlson AB (publ)$2.7B77Buy
ASMDEE-B.STAsmodee Group AB (publ)$4.0B69Buy
BILI-A.STBilia AB (publ)$1.4B72Buy
SHOT.STScandic Hotels Group AB (publ)$1.9B56Hold
THULE.STThule Group AB (publ)$2.2B53Hold
RUSTA.STRusta AB (publ)$1.2B57Hold

Peer medians: ROE 11.8% · P/E 18.1x · Gross margin 36.6%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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Evolution AB (publ) (EVO.ST): Stock Score Summary

Evolution AB (publ) (EVO.ST) has a MoatMap StockRank of 89/100 based on Quality (83/100), Value (43/100), and Momentum (59/100) factor scores. The current signal is STRONG BUY.

Evolution AB (publ) is a leading B2B provider of live casino solutions to online gambling operators worldwide, offering a comprehensive suite of live dealer games streamed from state-of-the-art studios. The company is renowned for its innovative game formats, high-quality streaming, and scalability across regulated markets. Its strong competitive moat is built on its technological superiority, extensive game portfolio, and first-mover advantage in a rapidly growing segment, making it the preferred partner for online casino operators.

Key Financial Metrics

PriceSEK 814.60
Market Cap$15.8B
P/E (TTM)13.37
P/E (Forward)11.19
Price/Book3.25
Return on Equity26.7%
Return on Invested Capital29.3%
Debt/Equity0.02x
Gross Margin100.0%
Operating Margin57.5%
Revenue Growth-1.2%
Free Cash Flow$1.3B

Evolution AB (publ) operates in the Gambling industry, part of the Consumer Cyclical sector (Sweden).

Frequently Asked Questions

What is Evolution AB (publ)’s (EVO.ST) StockRank?
MoatMap’s StockRank for Evolution AB (publ) (EVO.ST) is 89/100, with a Strong Buy signal. It is a composite of Quality (83), Value (43), and Momentum (59) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does Evolution AB (publ) have an economic moat?
Evolution AB (publ) (EVO.ST) has a Quality factor score of 83/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Evolution AB (publ) a buy, hold, or sell?
MoatMap’s current signal for Evolution AB (publ) (EVO.ST) is Strong Buy, based on a StockRank of 89/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Evolution AB (publ) in?
Evolution AB (publ) (EVO.ST) operates in the Consumer Cyclical sector, specifically the Gambling industry (Sweden).