Betsson AB (publ)

BATS-CHIXE:BETSBS Stock Report

Market Cap: SEK 19.5b

Betsson Valuation

Is BETSBS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BETSBS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BETSBS (SEK142.74) is trading below our estimate of fair value (SEK463.06)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BETSBS?

Key metric: As BETSBS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BETSBS. This is calculated by dividing BETSBS's market cap by their current earnings.
What is BETSBS's PE Ratio?
PE Ratio9.9x
Earnings€171.50m
Market Cap€1.70b

Price to Earnings Ratio vs Peers

How does BETSBS's PE Ratio compare to its peers?

The above table shows the PE ratio for BETSBS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.5x
PTEC Playtech
23.3x18.5%UK£2.2b
RNK Rank Group
32.2x33.3%UK£396.3m
NXQ Nexteq
4.6x-96.2%UK£38.6m
MAB Mitchells & Butlers
9.8x7.0%UK£1.5b
BETSBS Betsson
9.9x14.6%SEK 19.5b

Price-To-Earnings vs Peers: BETSBS is good value based on its Price-To-Earnings Ratio (9.9x) compared to the peer average (17.5x).

Price to Earnings Ratio vs Industry

How does BETSBS's PE Ratio compare vs other companies in the GB Hospitality Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TAST Tasty
0.4x-75.9%US$2.36m
No more companies available in this PE range
No. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BETSBS is good value based on its Price-To-Earnings Ratio (9.9x) compared to the UK Hospitality industry average (20.1x).

Price to Earnings Ratio vs Fair Ratio

What is BETSBS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BETSBS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate BETSBS's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BETSBS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
SEK 158.33
0%
11.6%SEK 180.00SEK 135.00n/a3
Dec ’25SEK 143.62
SEK 158.33
+10.2%
11.6%SEK 180.00SEK 135.00n/a3
Nov ’25n/a
SEK 155.00
0%
14.7%SEK 180.00SEK 125.00n/a3
Oct ’25n/a
SEK 150.00
0%
13.6%SEK 175.00SEK 125.00n/a3
Sep ’25n/a
SEK 150.00
0%
13.6%SEK 175.00SEK 125.00n/a3
Aug ’25n/a
SEK 150.00
0%
13.6%SEK 175.00SEK 125.00n/a3
Jul ’25n/a
SEK 151.67
0%
12.7%SEK 170.00SEK 125.00n/a3
Jun ’25SEK 123.90
SEK 148.33
+19.7%
16.1%SEK 170.00SEK 115.00n/a3
May ’25SEK 123.50
SEK 148.33
+20.1%
16.1%SEK 170.00SEK 115.00n/a3
Apr ’25n/a
SEK 139.00
0%
12.4%SEK 155.00SEK 115.00n/a3
Mar ’25n/a
SEK 140.67
0%
10.6%SEK 155.00SEK 120.00n/a3
Feb ’25n/a
SEK 141.67
0%
10.9%SEK 155.00SEK 120.00n/a3
Jan ’25n/a
SEK 143.33
0%
11.9%SEK 160.00SEK 120.00n/a3
Dec ’24n/a
SEK 143.33
0%
11.9%SEK 160.00SEK 120.00SEK 143.623
Nov ’24n/a
SEK 141.67
0%
13.6%SEK 160.00SEK 115.00n/a3
Oct ’24n/a
SEK 137.33
0%
12.1%SEK 155.00SEK 115.00n/a3
Sep ’24SEK 120.74
SEK 137.33
+13.7%
12.1%SEK 155.00SEK 115.00n/a3
Aug ’24n/a
SEK 137.33
0%
12.1%SEK 155.00SEK 115.00n/a3
Jul ’24SEK 114.00
SEK 128.33
+12.6%
12.9%SEK 140.00SEK 105.00n/a3
Jun ’24SEK 110.70
SEK 127.00
+14.7%
12.3%SEK 140.00SEK 105.00SEK 123.903
May ’24SEK 111.10
SEK 111.00
-0.09%
8.5%SEK 120.00SEK 98.00SEK 123.503
Apr ’24SEK 96.13
SEK 108.33
+12.7%
8.7%SEK 115.00SEK 95.00n/a3
Mar ’24SEK 96.04
SEK 102.00
+6.2%
13.4%SEK 115.00SEK 83.00n/a4
Feb ’24n/a
SEK 95.00
0%
13.3%SEK 110.00SEK 82.00n/a4
Jan ’24SEK 85.23
SEK 89.40
+4.9%
17.0%SEK 110.00SEK 72.00n/a5
Dec ’23SEK 85.30
SEK 89.40
+4.8%
17.0%SEK 110.00SEK 72.00n/a5

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 21:33
End of Day Share Price 2024/12/12 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Betsson AB (publ) is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Henrik BarkABG Sundal Collier Sponsored
Jack CummingsBerenberg
Sharish AzizDanske Bank