XTRA:ACX

Stock Analysis Report

Executive Summary

bet-at-home.com AG, through its subsidiaries, provides online gambling and sports betting services in Europe.


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Bet-At-Home.com's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: ACX has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.4%

ACX

-3.0%

DE Hospitality

0.3%

DE Market


1 Year Return

-12.8%

ACX

-24.7%

DE Hospitality

13.8%

DE Market

Return vs Industry: ACX exceeded the German Hospitality industry which returned -20% over the past year.

Return vs Market: ACX underperformed the German Market which returned 17.1% over the past year.


Shareholder returns

ACXIndustryMarket
7 Day1.4%-3.0%0.3%
30 Day2.3%-7.8%1.7%
90 Day11.2%-11.0%5.7%
1 Year-3.9%-12.8%-19.8%-24.7%17.4%13.8%
3 Year-26.3%-42.3%-12.9%-24.5%15.9%5.7%
5 Year130.9%72.0%-12.3%-29.2%27.9%10.6%

Price Volatility Vs. Market

How volatile is Bet-At-Home.com's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Bet-At-Home.com undervalued compared to its fair value and its price relative to the market?

43.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ACX (€52.85) is trading below our estimate of fair value (€93.24)

Significantly Below Fair Value: ACX is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ACX is good value based on its PE Ratio (9.5x) compared to the Hospitality industry average (20.5x).

PE vs Market: ACX is good value based on its PE Ratio (9.5x) compared to the German market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: ACX is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: ACX is overvalued based on its PB Ratio (10.2x) compared to the DE Hospitality industry average (2.3x).


Next Steps

Future Growth

How is Bet-At-Home.com forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

26.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ACX's forecast earnings growth (25.8% per year) is above the savings rate (-0.4%).

Earnings vs Market: ACX's earnings (25.8% per year) are forecast to grow faster than the German market (13.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ACX's revenue (0.4% per year) is forecast to grow slower than the German market (4.8% per year).

High Growth Revenue: ACX's revenue (0.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ACX's Return on Equity is forecast to be very high in 3 years time (170.2%).


Next Steps

Past Performance

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

5.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ACX has high quality earnings.

Growing Profit Margin: ACX's current net profit margins (17%) are lower than last year (23.6%).


Past Earnings Growth Analysis

Earnings Trend: ACX's earnings have grown by 5.5% per year over the past 5 years.

Accelerating Growth: ACX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ACX had negative earnings growth (-23.4%) over the past year, making it difficult to compare to the Hospitality industry average (-39.6%).


Return on Equity

High ROE: ACX's Return on Equity (81.5%) is considered outstanding.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Bet-At-Home.com's financial position?


Financial Position Analysis

Short Term Liabilities: ACX's short term assets (€71.3M) exceed its short term liabilities (€46.6M).

Long Term Liabilities: ACX's short term assets (€71.3M) exceed its long term liabilities (€2.8M).


Debt to Equity History and Analysis

Debt Level: ACX is debt free.

Reducing Debt: ACX has not had any debt for past 5 years.

Debt Coverage: ACX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: ACX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: ACX has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if ACX's debt is covered by short term assets.


Next Steps

Dividend

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

12.22%

Current Dividend Yield


Dividend Yield vs Market

company12.2%marketbottom25%1.3%markettop25%3.6%industryaverage5.5%forecastin3Years9.2%

Current dividend yield vs market & industry

Notable Dividend: ACX's dividend (12.3%) is higher than the bottom 25% of dividend payers in the German market (1.38%).

High Dividend: ACX's dividend (12.3%) is in the top 25% of dividend payers in the German market (3.53%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ACX has been paying a dividend for less than 10 years.

Growing Dividend: ACX's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (102.2%), ACX's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ACX's dividends in 3 years are not forecast to be well covered by earnings (126.6% payout ratio).


Next Steps

Management

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

€1m

CEO Compensation


CEO

Franz Ömer 0

0yrs

Tenure

€1,247,705

Compensation

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 Analysis

Compensation vs Market: Franz's total compensation ($USD1.39M) is above average for companies of similar size in the German market ($USD817.80K).

Compensation vs Earnings: Franz's compensation has been consistent with company performance over the past year.


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Franz Ömer

    CEO & Member of Management Board

    • Compensation: €1.25m
  • Michael Quatember

    CEO & Member of Management Board

    • Tenure: 7.2yrs
    • Compensation: €887.12k

Board Members

  • Jean-Laurent Nabet (55yo)

    Member of Supervisory Board

    • Tenure: 10.4yrs
  • Martin Arendts

    President of Supervisory Board

    • Compensation: €40.00k
  • Isabelle Andres

    Member of the Supervisory Board

    • Tenure: 7.7yrs
    • Compensation: €20.00k

Company Information

Bet-At-Home.com AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Bet-At-Home.com AG
  • Ticker: ACX
  • Exchange: XTRA
  • Founded: 1999
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €373.358m
  • Shares outstanding: 7.02m
  • Website: https://www.bet-at-home.com

Number of Employees


Location

  • Bet-At-Home.com AG
  • Tersteegenstrasse 30
  • Düsseldorf
  • North Rhine-Westphalia
  • 40474
  • Germany

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACXDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2005
ACXXTRA (XETRA Trading Platform)YesOrdinary SharesDEEURJun 2005
ACXSWX (SIX Swiss Exchange)YesOrdinary SharesCHCHFJun 2005
0RIPLSE (London Stock Exchange)YesOrdinary SharesGBEURJun 2005
ACXDBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJun 2005
ACXETLX (Eurotlx)YesOrdinary SharesITEURJun 2005

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/01/25 21:19
End of Day Share Price2020/01/24 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.