OM:BETCO

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

Executive Summary

Better Collective A/S, together with its subsidiaries, operates as a sports betting media company worldwide. More Details


Snowflake Analysis

Exceptional growth potential with acceptable track record.


Similar Companies

Share Price & News

How has Better Collective's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: BETCO is not significantly more volatile than the rest of Swedish stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BETCO's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

7.5%

BETCO

4.1%

SE Hospitality

1.0%

SE Market


1 Year Return

164.6%

BETCO

74.3%

SE Hospitality

15.2%

SE Market

Return vs Industry: BETCO exceeded the Swedish Hospitality industry which returned 74.3% over the past year.

Return vs Market: BETCO exceeded the Swedish Market which returned 15.2% over the past year.


Shareholder returns

BETCOIndustryMarket
7 Day7.5%4.1%1.0%
30 Day44.6%14.2%7.2%
90 Day70.6%27.9%10.9%
1 Year164.6%164.6%81.5%74.3%18.3%15.2%
3 Yearn/a132.2%108.9%47.0%29.5%
5 Yearn/a217.2%178.2%86.7%46.8%

Long-Term Price Volatility Vs. Market

How volatile is Better Collective's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Better Collective undervalued compared to its fair value and its price relative to the market?

26.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BETCO (SEK209) is trading below our estimate of fair value (SEK284.85)

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


Price To Earnings Ratio

PE vs Industry: BETCO is poor value based on its PE Ratio (58.4x) compared to the SE Hospitality industry average (22.1x).

PE vs Market: BETCO is poor value based on its PE Ratio (58.4x) compared to the Swedish market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: BETCO is poor value based on its PEG Ratio (1.3x)


Price to Book Ratio

PB vs Industry: BETCO is overvalued based on its PB Ratio (6.4x) compared to the SE Hospitality industry average (4x).


Next Steps

Future Growth

How is Better Collective forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

45.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BETCO's forecast earnings growth (45.4% per year) is above the savings rate (0.4%).

Earnings vs Market: BETCO's earnings (45.4% per year) are forecast to grow faster than the Swedish market (11.8% per year).

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

Revenue vs Market: BETCO's revenue (32.4% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: BETCO's revenue (32.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BETCO's Return on Equity is forecast to be high in 3 years time (22.4%)


Next Steps

Past Performance

How has Better Collective performed over the past 5 years?

33.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BETCO has high quality earnings.

Growing Profit Margin: BETCO's current net profit margins (22.7%) are lower than last year (22.9%).


Past Earnings Growth Analysis

Earnings Trend: BETCO's earnings have grown significantly by 33.1% per year over the past 5 years.

Accelerating Growth: BETCO's earnings growth over the past year (22.2%) is below its 5-year average (33.1% per year).

Earnings vs Industry: BETCO earnings growth over the past year (22.2%) exceeded the Hospitality industry 5.7%.


Return on Equity

High ROE: BETCO's Return on Equity (11.2%) is considered low.


Next Steps

Financial Health

How is Better Collective's financial position?


Financial Position Analysis

Short Term Liabilities: BETCO's short term assets (€61.1M) exceed its short term liabilities (€16.2M).

Long Term Liabilities: BETCO's short term assets (€61.1M) do not cover its long term liabilities (€120.4M).


Debt to Equity History and Analysis

Debt Level: BETCO's debt to equity ratio (49.5%) is considered high.

Reducing Debt: Insufficient data to determine if BETCO's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: BETCO's debt is well covered by operating cash flow (37.7%).

Interest Coverage: BETCO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Better Collective current dividend yield, its reliability and sustainability?

1.99%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate BETCO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate BETCO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if BETCO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BETCO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BETCO's dividend in 3 years as they are not forecast to pay a notable one for the Swedish market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Jesper Søgaard (37 yo)

17yrs

Tenure

€385,000

Compensation

Mr. Jesper Søgaard is a Founding Partner at Bumble Ventures Management ApS. He Co-founded Better Collective A/S in 2002 and has been its Chief Executive Officer since 2004. He is a Director of Ejendomssels...


CEO Compensation Analysis

Compensation vs Market: Jesper's total compensation ($USD467.57K) is below average for companies of similar size in the Swedish market ($USD742.59K).

Compensation vs Earnings: Jesper's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Jesper Søgaard
Co-Founder & CEO17yrs€385.00kno data
Christian Rasmussen
Co-Founder19yrs€385.00kno data
Flemming Pedersen
CFO & Executive VP4yrs€497.00k0.081%
€ 7.7m
Christina Thomsen
Head of Investor Relations & CSRno datano datano data
Marc Pedersen
VP of Business Development & M&A and CEO of Better Collective US1.83yrsno datano data
Camilla Bille
Vice President of People & Culture11.75yrsno datano data
Henrik Lykkesteen
Senior Vice President of Product & Global Operations2.33yrsno datano data

7.9yrs

Average Tenure

37yo

Average Age

Experienced Management: BETCO's management team is seasoned and experienced (7.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Leif Nørgaard
Director7yrs€28.00k1.08%
€ 103.0m
Jens Bager
Chairman3.42yrs€64.00k2.16%
€ 206.0m
Klaus Holse
Director3.33yrs€23.00k0.37%
€ 35.1m
Todd Dunlap
Director0.75yrno datano data
Petra von Rohr
Director2.92yrs€23.00k0.047%
€ 4.4m
Søren Jørgensen
Director7yrs€23.00k0.47%
€ 45.0m

3.4yrs

Average Tenure

56.5yo

Average Age

Experienced Board: BETCO's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: BETCO insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Better Collective A/S's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Better Collective A/S
  • Ticker: BETCO
  • Exchange: OM
  • Founded: 2002
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: kr9.533b
  • Shares outstanding: 46.28m
  • Website: https://www.bettercollective.com

Number of Employees


Location

  • Better Collective A/S
  • Toldbodgade 12
  • Copenhagen
  • Capital Region of Denmark
  • 1253
  • Denmark

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BETCOOM (OMX Nordic Exchange Stockholm)YesOrdinary SharesSESEKJun 2018
BETCOSBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBSEKJun 2018

Biography

Better Collective A/S, together with its subsidiaries, operates as a sports betting media company worldwide. It connects sports enthusiastic bettors with betting operators through various technologies and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/21 19:51
End of Day Share Price2021/01/21 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


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.