OM:BETS B

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Executive Summary

Betsson AB (publ), through its subsidiaries, engages in the online gaming business primarily in the Nordic countries, Western Europe, Central and Easter Europe, Central Asia, and internationally. More Details


Snowflake Analysis

Flawless balance sheet, undervalued and pays a dividend.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: BETS B is less volatile than 75% of Swedish stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: BETS B's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-1.0%

BETS B

3.8%

SE Hospitality

1.6%

SE Market


1 Year Return

94.8%

BETS B

74.1%

SE Hospitality

15.6%

SE Market

Return vs Industry: BETS B exceeded the Swedish Hospitality industry which returned 78.1% over the past year.

Return vs Market: BETS B exceeded the Swedish Market which returned 17.1% over the past year.


Shareholder returns

BETS BIndustryMarket
7 Day-1.0%3.8%1.6%
30 Day8.7%11.5%5.6%
90 Day11.8%27.0%10.9%
1 Year94.8%94.8%81.1%74.1%18.7%15.6%
3 Year26.5%26.5%133.5%109.8%48.6%30.9%
5 Year-39.7%-39.7%212.7%174.7%87.5%47.6%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

27.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BETS B (SEK82.25) is trading below our estimate of fair value (SEK113.5)

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


Price To Earnings Ratio

PE vs Industry: BETS B is good value based on its PE Ratio (12.1x) compared to the SE Hospitality industry average (21.8x).

PE vs Market: BETS B is good value based on its PE Ratio (12.1x) compared to the Swedish market (23.8x).


Price to Earnings Growth Ratio

PEG Ratio: BETS B is poor value based on its PEG Ratio (8.1x)


Price to Book Ratio

PB vs Industry: BETS B is good value based on its PB Ratio (2.2x) compared to the SE Hospitality industry average (3.9x).


Next Steps

Future Growth

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

1.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BETS B's forecast earnings growth (1.5% per year) is above the savings rate (0.4%).

Earnings vs Market: BETS B's earnings (1.5% per year) are forecast to grow slower than the Swedish market (12% per year).

High Growth Earnings: BETS B's earnings are forecast to grow, but not significantly.

Revenue vs Market: BETS B's revenue (9.3% per year) is forecast to grow faster than the Swedish market (3.4% per year).

High Growth Revenue: BETS B's revenue (9.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BETS B's Return on Equity is forecast to be low in 3 years time (16.5%).


Next Steps

Past Performance

How has Betsson performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BETS B has high quality earnings.

Growing Profit Margin: BETS B's current net profit margins (15.7%) are lower than last year (16.8%).


Past Earnings Growth Analysis

Earnings Trend: BETS B's earnings have grown by 1.6% per year over the past 5 years.

Accelerating Growth: BETS B's earnings growth over the past year (3.8%) exceeds its 5-year average (1.6% per year).

Earnings vs Industry: BETS B earnings growth over the past year (3.8%) underperformed the Hospitality industry 5.7%.


Return on Equity

High ROE: BETS B's Return on Equity (18.1%) is considered low.


Next Steps

Financial Health

How is Betsson's financial position?


Financial Position Analysis

Short Term Liabilities: BETS B's short term assets (SEK2.3B) exceed its short term liabilities (SEK2.0B).

Long Term Liabilities: BETS B's short term assets (SEK2.3B) exceed its long term liabilities (SEK1.1B).


Debt to Equity History and Analysis

Debt Level: BETS B's debt to equity ratio (24.3%) is considered satisfactory.

Reducing Debt: BETS B's debt to equity ratio has reduced from 31% to 24.3% over the past 5 years.

Debt Coverage: BETS B's debt is well covered by operating cash flow (113.4%).

Interest Coverage: BETS B's interest payments on its debt are well covered by EBIT (17.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Betsson current dividend yield, its reliability and sustainability?

3.45%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BETS B's dividend (3.45%) is higher than the bottom 25% of dividend payers in the Swedish market (0.94%).

High Dividend: BETS B's dividend (3.45%) is in the top 25% of dividend payers in the Swedish market (3.41%)


Stability and Growth of Payments

Stable Dividend: BETS B's dividend payments have been volatile in the past 10 years.

Growing Dividend: BETS B's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (42.5%), BETS B's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BETS B's dividends in 3 years are forecast to be well covered by earnings (49.9% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Pontus Lindwall (55 yo)

5.5yrs

Tenure

kr7,605,000

Compensation

Mr. Pontus Lindwall has been Board Member at Infrea AB since 2014. Mr. Lindwall has been the Chief Executive Officer and President of Betsson AB since September 4, 2017. Mr. Lindwall serves as the Chief Ex...


CEO Compensation Analysis

Compensation vs Market: Pontus's total compensation ($USD917.33K) is about average for companies of similar size in the Swedish market ($USD921.90K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Pontus Lindwall
CEO & President5.5yrskr7.61m0.75%
SEK 85.4m
Martin Öhman
Chief Financial Officer1.33yrsno datano data
Anna-Lena Astrom
Head of Investor Relations0.75yrno datano data
Fredric Lundén
Vice President of Governance3.33yrsno datano data
Triin Toomemets-Krasnitski
Vice President of Legal2.5yrsno data0.0026%
SEK 290.0k
Jenny Lilljeqvist
Vice President of Communications & Sustainability1yrno datano data
Lars-Gunnar Persson
Head of Maritime Gaming and Acting Chief Executive Officer of Cherry Maritime Gaming ABno datano datano data
Per-Anders Persson
Chief Executive Officer of Cherry Casino ABno datano datano data
Ulf Bergström
Chief Executive Officer of Cherry Casino Syd Abno datano datano data
Jesper Svensson
CEO of Betsson's operational Subsidiariesno datakr6.61mno data
Johan Berg
Group Business Controllerno datano datano data
Fredrik Nilsson
Chief Financial Officer of Betsson Malta Ltdno datano datano data

1.9yrs

Average Tenure

52yo

Average Age

Experienced Management: BETS B's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Patrick Svensk
Independent Chairman3.33yrskr966.00k0.012%
SEK 1.4m
Fredrik Carlsson
Independent Director3.42yrskr572.00k0.0073%
SEK 829.2k
Jan Nord
Independent Director6yrskr520.00kno data
Eva Leach
Independent Director1.67yrskr263.00kno data
Johan Lundberg
Independent Director2.67yrskr509.00k0.0029%
SEK 331.9k
Andrew McCue
Independent Director0.58yrno datano data

3.0yrs

Average Tenure

48yo

Average Age

Experienced Board: BETS B's board of directors are considered experienced (3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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

Betsson AB's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Betsson AB
  • Ticker: BETS B
  • Exchange: OM
  • Founded: 1963
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: kr11.328b
  • Shares outstanding: 136.65m
  • Website: https://www.betssonab.com

Number of Employees


Location

  • Betsson AB
  • Regeringsgatan 28
  • Stockholm
  • Stockholm County
  • 111 53
  • Sweden

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BETS BOM (OMX Nordic Exchange Stockholm)YesClass B SharesSESEKJan 1998
0A37LSE (London Stock Exchange)YesClass B SharesGBSEKJan 1998
V72HDB (Deutsche Boerse AG)YesClass B SharesDEEURJan 1998
BETSBSBATS-CHIXE (BATS 'Chi-X Europe')YesClass B SharesGBSEKJan 1998

Biography

Betsson AB (publ), through its subsidiaries, engages in the online gaming business primarily in the Nordic countries, Western Europe, Central and Easter Europe, Central Asia, and internationally. It offers...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/22 19:13
End of Day Share Price2021/01/22 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.