SGHC

Fallen FavouriteAI neutral

Super Group (SGHC) Limited · Consumer Cyclical · Guernsey · $5.5B cap · $36.8M/day traded

$11.42 -2.1% · close 12 Nov · scored 13 Nov

Fallen Favourite: A good business, still expensive, and its momentum is weak.

71
Score
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Quality
91
Value
39
Momentum
38

As of 13 Nov 2026, the MoatMap Score for Super Group (SGHC) Limited (SGHC) is 71/100, ranked against 25,000+ stocks in 38 markets (Quality 91, Value 39, Momentum 38, each scored against its sector).

Does the score work? Each tenth of the ranking, tracked monthly. See the record →

P/E (TTM)
14.0x
peers —
ROE
49.2%
peers —
D/E
0.1x
peers —
Dividend %
1.1%
trailing yield
AI REVIEW

Super Group, owner of the Betway and Spin brands, reported record revenue in the second quarter of 2026 and raised guidance, and its quality metrics are high after it withdrew from the costly US online market to focus on profitable regions such as Africa and Canada. Online gambling remains exposed to regulatory changes, tax increases and marketing arms races, and the business lacks the durable moat and pricing power that would justify a stronger view.

ABOUT SUPER GROUP (SGHC) LIMITED

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Super Group (SGHC) Limited is the holding company for leading global online sports betting and gaming brands, including Betway and Spin. The company's competitive moat is driven by its extensive global brand recognition, proprietary technology stack, and licensing footprint across dozens of regulated jurisdictions. It operates as a highly cash-generative, debt-free digital gaming leader with a strong growth trajectory in both developed and emerging markets.

FINANCIAL SUMMARY (USD)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue1.4B1.6B1.8B2.2B17.2%2.5B2.7B2.9B15.0%
EPS0.40-0.020.240.432.7%0.810.76—76.1%
Shares497.9M497.9M503.4M505.9M+1.6%508.1M———
Debt19.8M32.0M73.0M81.0M59.9%78.0M———
Equity555.6M577.0M581.0M803.0M13.1%————
Op CF178.9M144.0M306.0M360.0M26.2%360.0M———
Inv CF-103.5M-5.0M-114.0M-128.0M—————
Fin CF-110.6M-143.0M-58.0M-152.0M—————
PRICE (1Y) · USD+1.5%
10.510.811.111.411.72 Oct23 Oct12 Nov
SMA 50SMA 200

Price checkNo clear trendExperimental

No clear trend: not near its 52-week low, and not in a steady uptrend.

SwingsBumpy

Calmer than 54% of stocks we rank over the past year (volatility 40% a year).

How this is worked out

The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.

  • Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
  • Finding a floor: It fell hard, but has set no new low for more than two weeks.
  • Turning up: It has climbed off its low and is back above a rising 50-day average.
  • In an uptrend: It is near its 52-week high and above its 200-day average.
  • No clear trend (this stock): None of the above: no recent deep fall and no steady climb.
  • No read yet: Not enough price history yet: it needs a year of trading.

In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.

The exact rules

Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.

In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.

What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and 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
$11.42
RSI (14)
61.4
52-Week Range-27.7% from high
Low $8.36High $15.80

SCORE BREAKDOWN

Quality
91
ROIC
66.1%99.5
ROE
49.2%97.2
GP/Assets
66.8%90.1
Op. Margin
27.7%95.9
FCF/Assets
19.0%95.3
Piotroski
891.6
Int. Cover
29.3x74.8
D/E Ratio
0.08x82.2
Current Ratio
2.35x75.0
Value
39
P/E (TTM)
14.0x60.2
EV/EBITDA
8.4x59.4
P/FCF
22.9x30.5
P/B
6.1x11.0
P/S
2.3x21.1
Div Yield
1.1%24.7
Momentum
38
52W High %
72%47.7
RS 6M
-15%27.9
SMA 50/200
0.97x51.3
EPS Rev 4W
-2.5%14.3
EPS Rev 12W
-2.5%23.4
EPS Improve
+6%23.3
Q Growth
48%71.3

FUNDAMENTALS

Market Cap
$5.5B
P/E (Forward)
13.2x
Gross Margin
34.0%

SECTOR PEERS

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

TickerCompanyMkt CapScore
SGHCSuper Group (SGHC) Limited(you)$5.5B71

Company Deep Dive

A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.

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Super Group (SGHC) Limited (SGHC): Stock Score Summary

Super Group (SGHC) Limited (SGHC) has a MoatMap Score of 71/100 based on Quality (91/100), Value (39/100), and Momentum (38/100) factor scores. Super Group, owner of the Betway and Spin brands, reported record revenue in the second quarter of 2026 and raised guidance, and its quality metrics are high after it withdrew from the costly US online market to focus on profitable regions such as Africa and Canada. Online gambling remains exposed to regulatory changes, tax increases and marketing arms races, and the business lacks the durable moat and pricing power that would justify a stronger view.

Super Group (SGHC) Limited is the holding company for leading global online sports betting and gaming brands, including Betway and Spin. The company's competitive moat is driven by its extensive global brand recognition, proprietary technology stack, and licensing footprint across dozens of regulated jurisdictions. It operates as a highly cash-generative, debt-free digital gaming leader with a strong growth trajectory in both developed and emerging markets.

Director dealings

From 2 Jan 2026 to 12 Nov 2026, MoatMap's records hold 15 sales and no purchases of Super Group (SGHC) Limited (SGHC) shares by its directors. The largest: Van Wyk Alinda sold 78,837 shares at $13.70 on 19 May 2026 (about $1.1M).

  • 2 Nov 2026: Ross Kirsty Farrah sold 2,724 shares at $10.74 (about $29K)
  • 14 Sep 2026: Ben David Alon sold 23,300 shares at $13.79 (about $321K)
  • 28 Aug 2026: Ross Kirsty Farrah sold 40,000 shares at $14.00 (about $560K)
  • 31 Jul 2026: Menashe Neal sold 48,440 shares at $13.97 (about $677K)
  • 31 Jul 2026: Nathan Martine sold 3,997 shares at $13.97 (about $56K)
SGHC insider filings, last 180 days

Key Financial Metrics

Price$11.42
Market Cap$5.5B
P/E (TTM)14.02
P/E (Forward)13.18
Price/Book6.06
Return on Equity49.2%
Return on Invested Capital66.1%
Debt/Equity0.08x
Gross Margin34.0%
Operating Margin27.7%
Revenue Growth9.7%
Dividend Yield1.1%
Free Cash Flow$241M

Super Group (SGHC) Limited operates in the Gambling industry, part of the Consumer Cyclical sector (Guernsey).

Frequently Asked Questions

What is Super Group (SGHC) Limited’s (SGHC) MoatMap Score?
The MoatMap Score for Super Group (SGHC) Limited (SGHC) is 71/100. It is a composite of Quality (91), Value (39), and Momentum (38), each scored against its sector. The composite is then ranked across MoatMap’s universe of 25,000+ stocks.
Does Super Group (SGHC) Limited have an economic moat?
Super Group (SGHC) Limited (SGHC) has a Quality factor score of 91/100. Quality blends several measures of profitability and financial strength, led by gross profit to assets, return on invested capital and free cash flow to assets. A high score describes the financial record a durable advantage tends to leave; it does not prove a moat.
What sector is Super Group (SGHC) Limited in?
Super Group (SGHC) Limited (SGHC) operates in the Consumer Cyclical sector, specifically the Gambling industry (Guernsey).