Evolution AB

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Evolution AB engages in the development, production, marketing, and licensing business to business casino solutions to gaming operators. It provides live casino studios, land-based live casino, mobile live casino, and live casino for television. The company was founded by Richard Hadida, Jens von Bahr and Fredrik Osterberg in 2006 and is headquartered in Stockholm, Sweden.

Evolution AB, a leading B2B online casino service provider, has strong and improving fundamentals despite a stock price decline since May 2021. The company's primary revenue source is live casino operations, contributing over 85% of total sales, with a market cap around USD 17.2 billion. Despite the stock price drop, Evolution's profit and operating cash flow have doubled, with operating income up nearly 400%.

Evolution AB: Worth The Gamble

Evolution AB offers high profit margins, double-digit growth rates, and a PEG ratio of 0.93x, making it an undervalued investment. Evolution's games, like Crazy Time, are highly engaging and profitable, contributing to its strong financial performance and competitive advantage over peers. The company maintains a robust dividend policy, distributing at least 50% of profits, with a 5-year CAGR of 44% in dividends per share.

Evolution AB: The Sin Stock That Can Spike Your Dividend Income

Evolution AB remains a Strong Buy due to its low valuation, high returns on capital, solid growth, and robust free cash flow despite recent headwinds. Q3 challenges included a strike in Georgia, cyberattacks in Asia, and slower RNG growth, impacting the financials. Evolution's fundamentals are strong with 14.7% net revenue growth, high profitability, and a solid capital allocation strategy including buybacks and dividends.

Evolution AB: The Market Keeps Overlooking This Cash Flow Machine

I upgrade Evolution AB to a 'strong buy' due to 14.7% revenue growth and EBITDA margin improvement to 68.5%, despite negative factors. The company faced challenges like a cyberattack and a strike in Georgia, but still showed strong revenue growth and market resilience. Evolution's competitive advantages are increasing through acquisitions, game development, and geographic expansion, making it difficult for competitors to catch up.

Evolution AB: Strong Q3 Report At Low Valuation (Rating Upgrade)

Evolution AB (publ) (OTCPK:EVVTY) Q3 2024 Earnings Conference Call October 24, 2024 3:00 AM ET Company Participants Martin Carlesund - Group Chief Executive Officer Jacob Kaplan - Chief Financial Officer Conference Call Participants Edward Young - Morgan Stanley Oscar Ronnkvist - ABG Sundal Collier Alistair Johnson - BNP Paribas Exane Martin Arnell - DNB Markets Amar Galijasevic - Carnegie Investment Bank Monique Pollard - Citigroup Inc. Operator Welcome to the Evolution Q3 2024 Report. For the first part of the conference call, the participants will be in listen-only mode.

Evolution AB (publ) (EVVTY) Q3 2024 Earnings Call Transcript

Evolution, a leading iGaming company, has seen its stock consolidate since 2021 and its valuation compress to the current P/E of 16. High insider ownership and an impressive track record shows a strong alignment between the management and the shareholder base. Evolution's asset-light, recurring revenue business model and strong MOAT deserves a higher valuation as temporary concerns start to fade.

Evolution: Evolving Into An Intriguing Opportunity

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Evolution AB has become undervalued after three years of stock-price stagnation. My reverse DCF valuation calculator suggests that the market is implying low-single-digit FCF/share growth over the long term, which looks way too low for this company. Evolution's capital allocation strategy, involving dividends, buybacks, organic investments, and M&A, is a recipe for long-term success, in my view.

Evolution AB: This Bargain-Priced Compounder Has Massive Upside Potential

Evolution Gaming is a strong buy due to its dominant 70% market share in the live casino market and strategic acquisitions. The company's founders own over 10%, aligning management and investor interests, with a robust capital allocation framework enhancing shareholder returns. Despite short-term headwinds, Evolution's mid double-digit growth potential and undervalued P/E ratio make it a compelling investment at current prices.

Evolution AB: High-Quality Business At A Discount

Evolution AB is a Swedish B2B provider of live online casino games with a €22 billion market cap, trading on the Nasdaq in the US and in Europe. Despite trading at 17.8x forward earnings, the company's high-quality business model and growth justify a valuation of 20-25x earnings in our view. The company runs the business with near 70% EBITDA margins, has dominant market share, and strong revenue and EPS growth.

Evolution AB: The Odds Look Solid For This Beaten-Up Gaming Operator

Evolution AB stock dropped -8.52% after Q2 2024 results. Revenue growth slowed, profitability decreased, but the company still remains a buy. Expansion plans in new markets, acquisitions, and shareholder focus make EVVTY stock a promising investment.

Evolution AB: Galaxy Gaming Acquisition Accelerates U.S. Expansion

Evolution AB is a B2B provider of live casino solutions and RNG games in the iGaming industry. The stock has underperformed, but the fundamental thesis remains intact, with strong growth potential. Q4 2023 and Q1 2024 reports show continued strong revenue growth and Evolution's North America expansion remains on track.

Evolution AB: Thesis Still On Track

Evolution AB's stock dropped 6% despite positive Q1 2024 results, including increased leadership, double-digit operating income growth, and expansion in the US and Eastern Europe. Revenues in Europe and Asia saw significant growth, while expansion efforts in North America continue. Live games are driving revenue growth, with new game releases and studio expansions planned for the future.

Evolution AB: The Market Had An Unjustified Reaction

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Evolution AB is the leading player in the B2B casino industry, providing live casino and slot games for operators. The company's business model involves outsourcing the online casino part to Evolution, charging a percentage of profits and fixed prices for live tables. The live table segment is more profitable and offers greater competitive advantages, while the RNG segment is less interesting and expected to grow less.

Evolution AB: The Picks And Shovels Of An Addictive Industry

NEW YORK, NY / ACCESSWIRE / March 25, 2024 / If you suffered a loss on your Evolution AB (publ) (OTC PINK:EVVTY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/evolution-ab-lawsuit-submission-form?prid=72656&wire=1 or contact Joseph E. Levi, Esq.

Investors who lost money on Evolution AB (publ)(EVVTY) should contact Levi & Korsinsky about pending Class Action - EVVTY

NEW YORK, NY / ACCESSWIRE / March 25, 2024 / If you suffered a loss on your Evolution AB (publ) (OTC PINK:EVVTY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/evolution-ab-lawsuit-submission-form?prid=72616&wire=1 or contact Joseph E. Levi, Esq.

Levi & Korsinsky Reminds Evolution AB (publ) Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of March 25, 2024 - EVVTY

NEW YORK, NY / ACCESSWIRE / March 25, 2024 / If you suffered a loss on your Evolution AB (publ) (OTC PINK:EVVTY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/evolution-ab-lawsuit-submission-form?prid=72533&wire=1 or contact Joseph E. Levi, Esq.

Evolution AB (publ) Sued for Securities Law Violations - Contact Levi & Korsinsky Before March 25, 2024 to Discuss Your Rights - EVVTY

LOS ANGELES, CA / ACCESSWIRE / March 25, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Evolution AB (publ) ("Evolution" or "the Company") (OTC:EVVTY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 14, 2019 and October 25, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before March 25, 2024.

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in Evolution AB (publ) with Losses of $100,000 to Contact the Firm

NEW YORK, NY / ACCESSWIRE / March 24, 2024 / If you suffered a loss on your Evolution AB (publ) (OTC PINK:EVVTY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/evolution-ab-lawsuit-submission-form?prid=72480&wire=1 or contact Joseph E. Levi, Esq.

Evolution AB (publ) Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - EVVTY

NEW YORK, NY / ACCESSWIRE / March 24, 2024 / If you suffered a loss on your Evolution AB (publ) (OTC PINK:EVVTY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/evolution-ab-lawsuit-submission-form?prid=72468&wire=1 or contact Joseph E. Levi, Esq.

Investors in Evolution AB (publ) Should Contact Levi & Korsinsky Before March 25, 2024 to Discuss Your Rights - EVVTY

NEW YORK , March 24, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of American Depositary Shares ("ADSs") of Evolution AB (publ) (OTC: EVVTY) between February 14, 2019 and October 25, 2023, both dates inclusive (the "Class Period"), of the important March 25, 2024 lead plaintiff deadline. SO WHAT: If you purchased Evolution ADSs during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

EVVTY DEADLINE TOMORROW: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Evolution AB (publ) Investors to Secure Counsel Before Important March 25 Deadline in Securities Class Action - EVVTY

NEW YORK, NY / ACCESSWIRE / March 24, 2024 / If you suffered a loss on your Evolution AB (publ) (OTC PINK:EVVTY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/evolution-ab-lawsuit-submission-form?prid=72434&wire=1 or contact Joseph E. Levi, Esq.

Class Action Filed Against Evolution AB (publ) (EVVTY) Seeking Recovery for Investors Contact Levi & Korsinsky

LOS ANGELES, CA / ACCESSWIRE / March 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Evolution AB (publ) ("Evolution" or "the Company") (OTC: EVVTY) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between February 14, 2019 and October 25, 2023, inclusive (the "Class Period"), are encouraged to contact the firm before March 25, 2024.

FINAL DEADLINE TOMORROW: The Schall Law Firm Encourages Investors in Evolution AB (publ) with Losses of $100,000 to Contact the Firm

NEW YORK, NY / ACCESSWIRE / March 23, 2024 / If you suffered a loss on your Evolution AB (publ) (OTC PINK:EVVTY) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/evolution-ab-lawsuit-submission-form?prid=72395&wire=1 or contact Joseph E. Levi, Esq.

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