Betsson
Market Cap
kr11.3b
Last Updated
2021/01/22 19:13 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
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 B | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.0% | 3.8% | 1.6% |
| 30 Day | 8.7% | 11.5% | 5.6% |
| 90 Day | 11.8% | 27.0% | 10.9% |
| 1 Year | 94.8%94.8% | 81.1%74.1% | 18.7%15.6% |
| 3 Year | 26.5%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
6 days ago | Simply Wall St
How Much Of Betsson AB (STO:BETS B) Do Institutions Own?2 weeks ago | Simply Wall St
Is There Now An Opportunity In Betsson AB (STO:BETS B)?4 weeks ago | Simply Wall St
Has Betsson (STO:BETS B) Got What It Takes To Become A Multi-Bagger?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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & President | 5.5yrs | kr7.61m | 0.75% SEK 85.4m | |
| Chief Financial Officer | 1.33yrs | no data | no data | |
| Head of Investor Relations | 0.75yr | no data | no data | |
| Vice President of Governance | 3.33yrs | no data | no data | |
| Vice President of Legal | 2.5yrs | no data | 0.0026% SEK 290.0k | |
| Vice President of Communications & Sustainability | 1yr | no data | no data | |
| Head of Maritime Gaming and Acting Chief Executive Officer of Cherry Maritime Gaming AB | no data | no data | no data | |
| Chief Executive Officer of Cherry Casino AB | no data | no data | no data | |
| Chief Executive Officer of Cherry Casino Syd Ab | no data | no data | no data | |
| CEO of Betsson's operational Subsidiaries | no data | kr6.61m | no data | |
| Group Business Controller | no data | no data | no data | |
| Chief Financial Officer of Betsson Malta Ltd | no data | no data | no 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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Chairman | 3.33yrs | kr966.00k | 0.012% SEK 1.4m | |
| Independent Director | 3.42yrs | kr572.00k | 0.0073% SEK 829.2k | |
| Independent Director | 6yrs | kr520.00k | no data | |
| Independent Director | 1.67yrs | kr263.00k | no data | |
| Independent Director | 2.67yrs | kr509.00k | 0.0029% SEK 331.9k | |
| Independent Director | 0.58yr | no data | no 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BETS B | OM (OMX Nordic Exchange Stockholm) | Yes | Class B Shares | SE | SEK | Jan 1998 |
| 0A37 | LSE (London Stock Exchange) | Yes | Class B Shares | GB | SEK | Jan 1998 |
| V72H | DB (Deutsche Boerse AG) | Yes | Class B Shares | DE | EUR | Jan 1998 |
| BETSBS | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Class B Shares | GB | SEK | Jan 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/22 19:13 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.