Betsson AB (publ)

LSE:0A37 Stock Report

Market Cap: SEK 20.1b

Betsson Valuation

Is 0A37 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 0A37 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0A37 (SEK146.3) is trading below our estimate of fair value (SEK458.91)

Significantly Below Fair Value: 0A37 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0A37?

Key metric: As 0A37 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0A37. This is calculated by dividing 0A37's market cap by their current earnings.
What is 0A37's PE Ratio?
PE Ratio10.3x
Earnings€171.50m
Market Cap€1.76b

Price to Earnings Ratio vs Peers

How does 0A37's PE Ratio compare to its peers?

The above table shows the PE ratio for 0A37 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average17.2x
PTEC Playtech
23.2x18.5%UK£2.2b
RNK Rank Group
31.2x33.3%UK£384.1m
MAB Mitchells & Butlers
9.7x7.0%UK£1.4b
NXQ Nexteq
4.6x-96.2%UK£38.8m
0A37 Betsson
10.3x14.6%SEK 20.1b

Price-To-Earnings vs Peers: 0A37 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the peer average (17.2x).

Price to Earnings Ratio vs Industry

How does 0A37's PE Ratio compare vs other companies in the GB Hospitality Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
TAST Tasty
0.4x-73.4%US$2.40m
No more companies available in this PE range
0A37 10.3xIndustry Avg. 20.2xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0A37 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the UK Hospitality industry average (20.2x).

Price to Earnings Ratio vs Fair Ratio

What is 0A37'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.

0A37 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.3x
Fair PE Ratio23.2x

Price-To-Earnings vs Fair Ratio: 0A37 is good value based on its Price-To-Earnings Ratio (10.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.2x).

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 0A37 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 146.30
SEK 158.33
+8.2%
11.6%SEK 180.00SEK 135.00n/a3
Dec ’25SEK 144.18
SEK 158.33
+9.8%
11.6%SEK 180.00SEK 135.00n/a3
Nov ’25SEK 143.32
SEK 155.00
+8.2%
14.7%SEK 180.00SEK 125.00n/a3
Oct ’25SEK 125.48
SEK 150.00
+19.5%
13.6%SEK 175.00SEK 125.00n/a3
Sep ’25SEK 130.43
SEK 150.00
+15.0%
13.6%SEK 175.00SEK 125.00n/a3
Aug ’25SEK 127.28
SEK 150.00
+17.9%
13.6%SEK 175.00SEK 125.00n/a3
Jul ’25SEK 126.82
SEK 151.67
+19.6%
12.7%SEK 170.00SEK 125.00n/a3
Jun ’25SEK 119.30
SEK 148.33
+24.3%
16.1%SEK 170.00SEK 115.00n/a3
May ’25SEK 122.47
SEK 148.33
+21.1%
16.1%SEK 170.00SEK 115.00n/a3
Apr ’25SEK 105.90
SEK 139.00
+31.3%
12.4%SEK 155.00SEK 115.00n/a3
Mar ’25SEK 103.48
SEK 140.67
+35.9%
10.6%SEK 155.00SEK 120.00n/a3
Feb ’25SEK 116.11
SEK 141.67
+22.0%
10.9%SEK 155.00SEK 120.00n/a3
Jan ’25SEK 108.43
SEK 143.33
+32.2%
11.9%SEK 160.00SEK 120.00SEK 143.363
Dec ’24SEK 108.13
SEK 143.33
+32.6%
11.9%SEK 160.00SEK 120.00SEK 144.183
Nov ’24SEK 110.82
SEK 141.67
+27.8%
13.6%SEK 160.00SEK 115.00SEK 143.323
Oct ’24SEK 119.60
SEK 137.33
+14.8%
12.1%SEK 155.00SEK 115.00SEK 125.483
Sep ’24SEK 123.50
SEK 137.33
+11.2%
12.1%SEK 155.00SEK 115.00SEK 130.433
Aug ’24SEK 125.96
SEK 137.33
+9.0%
12.1%SEK 155.00SEK 115.00SEK 127.283
Jul ’24SEK 114.32
SEK 128.33
+12.3%
12.9%SEK 140.00SEK 105.00SEK 126.823
Jun ’24SEK 109.74
SEK 127.00
+15.7%
12.3%SEK 140.00SEK 105.00SEK 119.303
May ’24SEK 110.71
SEK 111.00
+0.3%
8.5%SEK 120.00SEK 98.00SEK 122.473
Apr ’24SEK 99.27
SEK 108.33
+9.1%
8.7%SEK 115.00SEK 95.00SEK 105.903
Mar ’24SEK 96.57
SEK 102.00
+5.6%
13.4%SEK 115.00SEK 83.00SEK 103.484
Feb ’24SEK 86.32
SEK 95.00
+10.1%
13.3%SEK 110.00SEK 82.00SEK 116.114
Jan ’24SEK 85.06
SEK 89.40
+5.1%
17.0%SEK 110.00SEK 72.00SEK 108.435

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 Analysis2025/01/05 08:30
End of Day Share Price 2025/01/03 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 13 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