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Bet-At-Home.com

XTRA:ACX
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACX
XTRA
€374M
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

bet-at-home.com AG, through its subsidiaries, provides online gambling and sports betting services in Europe. The last earnings update was 47 days ago. More info.


Add to Portfolio Compare Print
  • Bet-At-Home.com has significant price volatility in the past 3 months.
ACX Share Price and Events
7 Day Returns
-8.8%
XTRA:ACX
0.1%
DE Hospitality
-3.6%
DE Market
1 Year Returns
-18.6%
XTRA:ACX
-52.1%
DE Hospitality
-11.8%
DE Market
ACX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Bet-At-Home.com (ACX) -8.8% -24.5% -10% -18.6% -21.6% 129.7%
DE Hospitality 0.1% -9.6% -10.1% -52.1% -29% -25.2%
DE Market -3.6% -2.1% -0.8% -11.8% 12% 5.8%
1 Year Return vs Industry and Market
  • ACX outperformed the Hospitality industry which returned -52.1% over the past year.
  • ACX underperformed the Market in Germany which returned -11.8% over the past year.
Price Volatility
ACX
Industry
5yr Volatility vs Market

ACX Value

 Is Bet-At-Home.com undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Bet-At-Home.com to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Bet-At-Home.com.

XTRA:ACX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for XTRA:ACX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.92
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.921 (1 + (1- 30%) (1.06%))
0.951
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.95
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.951 * 5.96%)
5.9%

Discounted Cash Flow Calculation for XTRA:ACX using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Bet-At-Home.com is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

XTRA:ACX DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 5.9%)
2019 30.05 Analyst x2 28.38
2020 31.35 Analyst x2 27.95
2021 33.70 Analyst x2 28.38
2022 33.63 Est @ -0.21% 26.74
2023 33.60 Est @ -0.08% 25.23
2024 33.61 Est @ 0.01% 23.83
2025 33.63 Est @ 0.08% 22.52
2026 33.67 Est @ 0.12% 21.29
2027 33.73 Est @ 0.15% 20.13
2028 33.78 Est @ 0.18% 19.05
Present value of next 10 years cash flows €243.49
XTRA:ACX DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= €33.78 × (1 + 0.23%) ÷ (5.9% – 0.23%)
€597.17
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €597.17 ÷ (1 + 5.9%)10
€336.67
XTRA:ACX Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €243.49 + €336.67
€580.16
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €580.16 / 7.02
€82.67
XTRA:ACX Discount to Share Price
Calculation Result
Value per share (EUR) From above. €82.67
Current discount Discount to share price of €53.35
= -1 x (€53.35 - €82.67) / €82.67
35.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Bet-At-Home.com is available for.
Intrinsic value
35%
Share price is €53.35 vs Future cash flow value of €82.67
Current Discount Checks
For Bet-At-Home.com to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Bet-At-Home.com's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Bet-At-Home.com's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Bet-At-Home.com's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Bet-At-Home.com's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
XTRA:ACX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in EUR €4.94
XTRA:ACX Share Price ** XTRA (2019-06-14) in EUR €53.35
Germany Hospitality Industry PE Ratio Median Figure of 10 Publicly-Listed Hospitality Companies 18.98x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.7x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Bet-At-Home.com.

XTRA:ACX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= XTRA:ACX Share Price ÷ EPS (both in EUR)

= 53.35 ÷ 4.94

10.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bet-At-Home.com is good value based on earnings compared to the DE Hospitality industry average.
  • Bet-At-Home.com is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Bet-At-Home.com's expected growth come at a high price?
Raw Data
XTRA:ACX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
1.4%per year
Germany Hospitality Industry PEG Ratio Median Figure of 5 Publicly-Listed Hospitality Companies 1.31x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.47x

*Line of best fit is calculated by linear regression .

XTRA:ACX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.81x ÷ 1.4%

7.93x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bet-At-Home.com is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Bet-At-Home.com's assets?
Raw Data
XTRA:ACX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in EUR €10.98
XTRA:ACX Share Price * XTRA (2019-06-14) in EUR €53.35
Germany Hospitality Industry PB Ratio Median Figure of 13 Publicly-Listed Hospitality Companies 2.06x
Germany Market PB Ratio Median Figure of 576 Publicly-Listed Companies 1.76x
XTRA:ACX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= XTRA:ACX Share Price ÷ Book Value per Share (both in EUR)

= 53.35 ÷ 10.98

4.86x

* Primary Listing of Bet-At-Home.com.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Bet-At-Home.com is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Bet-At-Home.com's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Bet-At-Home.com has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

ACX Future Performance

 How is Bet-At-Home.com expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Bet-At-Home.com expected to grow at an attractive rate?
  • Bet-At-Home.com's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Bet-At-Home.com's earnings growth is positive but not above the Germany market average.
  • Bet-At-Home.com's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
XTRA:ACX Future Growth Rates Data Sources
Data Point Source Value (per year)
XTRA:ACX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 1.4%
XTRA:ACX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 0.6%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 18.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
XTRA:ACX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
XTRA:ACX Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 130 1
2022-12-31 127 1
2021-12-31 119 35 32 2
2020-12-31 117 33 30 2
2019-12-31 113 31 29 2
XTRA:ACX Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-03-31 141 35
2018-12-31 136 25 33
2018-09-30 133 24 31
2018-06-30 127 35 28
2018-03-31 133 31 35
2017-12-31 137 31 33
2017-09-30 138 35 32
2017-06-30 140 31 36
2017-03-31 136 34 29
2016-12-31 129 30 31
2016-09-30 126 26 30
2016-06-30 122 23 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Bet-At-Home.com's earnings are expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
  • Bet-At-Home.com's revenue is expected to grow by 0.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
XTRA:ACX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Bet-At-Home.com Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:ACX Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 4.58 4.94 4.12 3.00
2020-12-31 4.27 4.54 3.95 3.00
2019-12-31 4.08 4.35 3.89 3.00
XTRA:ACX Past Financials Data
Date (Data in EUR Millions) EPS *
2019-03-31 4.94
2018-12-31 4.65
2018-09-30 4.47
2018-06-30 4.01
2018-03-31 5.05
2017-12-31 4.68
2017-09-30 4.61
2017-06-30 5.10
2017-03-31 4.14
2016-12-31 4.42
2016-09-30 4.26
2016-06-30 3.68

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Bet-At-Home.com is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Bet-At-Home.com's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Bet-At-Home.com has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

ACX Past Performance

  How has Bet-At-Home.com performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Bet-At-Home.com's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Bet-At-Home.com's year on year earnings growth rate has been positive over the past 5 years.
  • Bet-At-Home.com's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Bet-At-Home.com's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Bet-At-Home.com's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Bet-At-Home.com Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

XTRA:ACX Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 141.16 34.64 39.80
2018-12-31 136.08 32.61 39.27
2018-09-30 133.07 31.36 39.44
2018-06-30 127.09 28.15 39.83
2018-03-31 133.09 35.41 35.65
2017-12-31 136.57 32.85 42.85
2017-09-30 137.69 32.34 43.23
2017-06-30 140.00 35.79 42.37
2017-03-31 136.07 29.05 50.80
2016-12-31 129.43 31.00 44.73
2016-09-30 125.94 29.91 44.45
2016-06-30 122.37 25.82 48.58
2016-03-31 116.23 30.25 38.17
2015-12-31 114.83 30.67 37.12
2015-09-30 109.51 25.10 35.26
2015-06-30 107.47 30.63 32.33
2015-03-31 108.62 25.76 49.47
2014-12-31 107.03 25.64 41.70
2014-09-30 102.11 20.72 42.29
2014-06-30 97.19 15.79 42.87
2014-03-31 -366.70 17.59 34.88
2013-12-31 85.62 14.50 34.88
2013-09-30 86.78 13.80 76.50
2013-06-30 84.84 10.02 37.52
2013-03-31 18.36 5.80 50.60
2012-12-31 85.46 1.71 50.60
2012-09-30 -333.95 -1.39 20.60
2012-06-30 -750.25 -1.41 71.21

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Bet-At-Home.com made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Bet-At-Home.com used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Bet-At-Home.com has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Bet-At-Home.com's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Bet-At-Home.com has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

ACX Health

 How is Bet-At-Home.com's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Bet-At-Home.com's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Bet-At-Home.com is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Bet-At-Home.com's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Bet-At-Home.com's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 2.4990023972316E+17x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Bet-At-Home.com Company Filings, last reported 2 months ago.

XTRA:ACX Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 77.04 3.97 87.78
2018-12-31 69.29 0.00 78.30
2018-09-30 51.08 0.00 67.01
2018-06-30 42.97 0.00 61.57
2018-03-31 95.04 0.00 108.04
2017-12-31 89.31 0.00 101.85
2017-09-30 73.22 0.00 92.83
2017-06-30 68.22 0.00 77.76
2017-03-31 112.94 0.00 106.33
2016-12-31 109.57 0.00 91.85
2016-09-30 92.96 0.00 59.27
2016-06-30 84.44 0.00 43.54
2016-03-31 94.00 0.00 50.10
2015-12-31 94.00 0.00 50.10
2015-09-30
2015-06-30 74.44 0.00 37.25
2015-03-31 74.44 0.00 37.25
2014-12-31 67.45 0.00 31.52
2014-09-30 67.45 0.00 31.52
2014-06-30 47.95 0.00 33.36
2014-03-31 44.59 0.00 23.18
2013-12-31 44.59 0.00 23.18
2013-09-30 44.59 0.00 23.18
2013-06-30 34.88 0.00 25.80
2013-03-31 34.29 0.00 39.60
2012-12-31 34.29 0.00 39.60
2012-09-30
2012-06-30
  • Bet-At-Home.com's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (0% vs 0% today).
  • Debt is well covered by operating cash flow (5.5862647526104E+18%, greater than 20% of total debt).
  • Bet-At-Home.com earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Bet-At-Home.com's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Bet-At-Home.com has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

ACX Dividends

 What is Bet-At-Home.com's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
12.18%
Current annual income from Bet-At-Home.com dividends. Estimated to be 10.21% next year.
If you bought €2,000 of Bet-At-Home.com shares you are expected to receive €244 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Bet-At-Home.com's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Bet-At-Home.com's dividend is above the markets top 25% of dividend payers in Germany (3.91%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
XTRA:ACX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 7 Stocks 8%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3.2%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

XTRA:ACX Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 5.33 3.00
2020-12-31 5.33 3.00
2019-12-31 5.67 3.00
XTRA:ACX Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2019-03-28 6.500 10.105
2019-03-04 6.500 11.066
2018-03-29 7.500 12.163
2018-03-05 7.500 9.329
2017-03-30 2.500 2.264
2016-03-31 2.250 3.029
2015-05-13 0.600 1.409
2013-09-17 0.300 1.446
2013-02-28 0.300 2.348
2012-03-26 0.300 2.587

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Bet-At-Home.com has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Bet-At-Home.com only paid a dividend in the past 7 years.
Current Payout to shareholders
What portion of Bet-At-Home.com's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are not well covered by earnings (0.8x coverage).
X
Income/ dividend checks
We assess Bet-At-Home.com's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Bet-At-Home.com afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Bet-At-Home.com has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

ACX Management

 What is the CEO of Bet-At-Home.com's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Franz Ömer
COMPENSATION €1,247,705
CEO Bio

Mr. Franz Ömer, Dipl.-Ingenieur serves as the Chief Executive Officer of Bet-At-Home.com AG and has been its Member of the Management Board since March 1, 2008.

CEO Compensation
  • Franz's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Franz's remuneration is higher than average for companies of similar size in Germany.
Management Team

Franz Ömer

TITLE
CEO & Member of Management Board
COMPENSATION
€1M

Michael Quatember

TITLE
CEO & Member of Management Board
COMPENSATION
€887K
TENURE
6.6 yrs
Board of Directors

Martin Arendts

TITLE
President of Supervisory Board
COMPENSATION
€40K

Jean-Laurent Nabet

TITLE
Member of Supervisory Board
AGE
54
TENURE
9.8 yrs

Isabelle Andres

TITLE
Member of the Supervisory Board
COMPENSATION
€20K
TENURE
7.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Bet-At-Home.com's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Bet-At-Home.com has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

ACX News

Simply Wall St News

Should You Consider Bet-At-Home.com AG (ETR:ACX)?

In the case of Bet-At-Home.com AG (ETR:ACX), there's is a company with great financial health as well as a a great track record of performance. … Take a look at our free research report of analyst consensus for ACX’s outlook. … The intrinsic value infographic in our free research report helps visualize whether ACX is currently mispriced by the market.

Simply Wall St -

Are Investors Undervaluing Bet-At-Home.com AG (ETR:ACX) By 25%?

Today we will run through one way of estimating the intrinsic value of Bet-At-Home.com AG (ETR:ACX) by taking the expected future cash flows and discounting them to today's value. … Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate: 10-year free cash flow (FCF) forecast 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Levered FCF (€, Millions) €29.87 €31.90 €33.70 €33.68 €33.69 €33.72 €33.77 €33.82 €33.88 €33.95 Growth Rate Estimate Source Analyst x3 Analyst x3 Analyst x2 Est @ -0.05% Est @ 0.03% Est @ 0.09% Est @ 0.13% Est @ 0.16% Est @ 0.18% Est @ 0.19% Present Value (€, Millions) Discounted @ 5.87% €28.21 €28.46 €28.40 €26.81 €25.33 €23.94 €22.64 €21.42 €20.27 €19.18 Present Value of 10-year Cash Flow (PVCF)= €244.66m "Est" = FCF growth rate estimated by Simply Wall St We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. … In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 5.9%.

Simply Wall St -

Should Bet-At-Home.com AG (ETR:ACX) Be Part Of Your Dividend Portfolio?

Dividend paying stocks like Bet-At-Home.com AG (ETR:ACX) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. … Earnings per share have been growing rapidly, but given that it is paying out more than half of its earnings as dividends, we wonder how Bet-At-Home.com will keep funding its growth projects in the future. … Conclusion To summarise, shareholders should always check that Bet-At-Home.com's dividends are affordable, that its dividend payments are relatively stable, and that it has decent prospects for growing its earnings and dividend.

Simply Wall St -

What Can We Make Of Bet-At-Home.com AG’s (ETR:ACX) High Return On Capital?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Return On Capital Employed (ROCE): What is it? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.

Simply Wall St -

At €61.70, Is It Time To Put Bet-At-Home.com AG (ETR:ACX) On Your Watch List?

saw a double-digit share price rise of over 10% in the past couple of months on the XTRA. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … Today I will analyse the most recent data on Bet-At-Home.com’s outlook and valuation to see if the opportunity still exists

Simply Wall St -

Is Bet-At-Home.com AG (ETR:ACX) Spending Too Much Money?

Bet-At-Home.com’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Bet-At-Home.com’s FCF by looking at its FCF yield and its operating cash flow growth. … The yield will tell us whether the stock is generating enough cash to compensate for the risk investors take on by holding a single stock, which I will compare to the market index.

Simply Wall St -

How Does Investing In Bet-At-Home.com AG (ETR:ACX) Impact The Volatility Of Your Portfolio?

If you're interested in Bet-At-Home.com AG (ETR:ACX), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … Any stock with a beta of greater than one is considered more volatile than the market, while those with a beta below one are either less volatile or poorly correlated with the market.

Simply Wall St -

Should Bet-At-Home.com AG's (ETR:ACX) Recent Earnings Worry You?

Investors with a long-term horizong may find it valuable to assess Bet-At-Home.com AG's (ETR:ACX) earnings trend over time and against its industry benchmark as opposed to simply looking at a sincle earnings announcement at one point in time. … ACX's trailing twelve-month earnings (from 31 December 2018) of €33m has. … Furthermore, this one-year growth rate has been lower than its average earnings growth rate over the past 5 years of 12%, indicating the rate at which ACX is growing has slowed down

Simply Wall St -

If You Had Bought Bet-At-Home.com Stock Five Years Ago, You Could Pocket A 202% Gain Today

It's also good to see the share price up 16% over the last quarter. … During five years of share price growth, Bet-At-Home.com achieved compound earnings per share (EPS) growth of 18% per year. … This EPS growth is slower than the share price growth of 25% per year, over the same period.

Simply Wall St -

Bet-At-Home.com AG (ETR:ACX) Delivered A Better ROE Than Its Industry

This article is for those who would like to learn about Return On Equity (ROE). … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.61 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

ACX Company Info

Description

bet-at-home.com AG, through its subsidiaries, provides online gambling and sports betting services in Europe. The company operates through Sports Betting and eGaming segments. It also provides casino, poker, and vegas games, as well as virtual sports. The company was founded in 1999 and is based in Düsseldorf, Germany. bet-at-home.com AG is a subsidiary of BetClic Everest Group S.A.S.

Details
Name: Bet-At-Home.com AG
ACX
Exchange: XTRA
Founded: 1999
€374,410,300
7,018,000
Website: http://www.bet-at-home.com
Address: Bet-At-Home.com AG
Tersteegenstrasse 30,
Düsseldorf,
North Rhine-Westphalia, 40474,
Germany
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
XTRA ACX Ordinary Shares XETRA Trading Platform DE EUR 01. Jun 2005
DB ACX Ordinary Shares Deutsche Boerse AG DE EUR 01. Jun 2005
LSE 0RIP Ordinary Shares London Stock Exchange GB EUR 01. Jun 2005
SWX ACX Ordinary Shares SIX Swiss Exchange CH CHF 01. Jun 2005
BATS-CHIXE ACXD Ordinary Shares BATS 'Chi-X Europe' GB EUR 01. Jun 2005
Number of employees
Current staff
Staff numbers
301
Bet-At-Home.com employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/15 21:09
End of day share price update: 2019/06/14 00:00
Last estimates confirmation: 2019/06/04
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.