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BETC

Better Collective OM:BETCO Stock Report

Last Price

kr148.60

Market Cap

kr8.1b

7D

2.5%

1Y

-37.6%

Updated

23 May, 2022

Data

Company Financials +
BETCO fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health4/6
Dividends0/6

BETCO Stock Overview

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

Better Collective Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Better Collective
Historical stock prices
Current Share Pricekr148.60
52 Week Highkr246.00
52 Week Lowkr126.00
Beta1.29
1 Month Change-12.64%
3 Month Change-7.12%
1 Year Change-37.56%
3 Year Change82.33%
5 Year Changen/a
Change since IPO118.53%

Recent News & Updates

Apr 12
Is Better Collective (STO:BETCO) Using Too Much Debt?

Is Better Collective (STO:BETCO) Using Too Much Debt?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

BETCOSE Interactive Media and ServicesSE Market
7D2.5%4.5%0.3%
1Y-37.6%-29.3%-12.7%

Return vs Industry: BETCO underperformed the Swedish Interactive Media and Services industry which returned -29.3% over the past year.

Return vs Market: BETCO underperformed the Swedish Market which returned -12.7% over the past year.

Price Volatility

Is BETCO's price volatile compared to industry and market?
BETCO volatility
BETCO Average Weekly Movement7.0%
Interactive Media and Services Industry Average Movement9.8%
Market Average Movement7.8%
10% most volatile stocks in SE Market13.1%
10% least volatile stocks in SE Market5.0%

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.

About the Company

FoundedEmployeesCEOWebsite
2004781Jesper Sogaardhttps://www.bettercollective.com

Better Collective A/S, together with its subsidiaries, operates as a sports betting media company worldwide. The company primarily focuses on online sports betting and gambling platforms. It offers various community-based digital platforms, including bettingexpert.com, social network of sports betting tipsters; SpilXperten, a sports betting media platform; Action Network, a source for sports betting insights; Irishracing.com, a website, which provides coverage of Irish, British, and international horse racing; Speltips.se for betting tips; HLTV.org, a website for news from the e-sport industry, CS:GO match information, and player and team rankings; RotoGrinders for fantasy sports; Wettbasis, which provides betting tips for German betting enthusiasts; VegasInsider, a platform for betting tips and picks in the United States; Betarades, a platform for online betting news in Greece; PariuriX, a platform in Romania for finding the sports betting tips; ScoresAndOdds, a statistical analysis designed for sports bettors in the US; Wettfreunde, an iGaming Platform in the German language.

Better Collective Fundamentals Summary

How do Better Collective's earnings and revenue compare to its market cap?
BETCO fundamental statistics
Market Cap€769.51m
Earnings (TTM)€17.29m
Revenue (TTM)€177.05m

44.5x

P/E Ratio

4.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BETCO income statement (TTM)
Revenue€0
Cost of Revenue€0
Gross Profit€0
Other Expenses€0
Earnings€0

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.32
Gross Margin40.31%
Net Profit Margin9.77%
Debt/Equity Ratio39.6%

How did BETCO perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: BETCO (SEK148.6) is trading below our estimate of fair value (SEK384.61)

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 (44.5x) compared to the European Interactive Media and Services industry average (28.2x).

PE vs Market: BETCO is poor value based on its PE Ratio (44.5x) compared to the Swedish market (17.4x).


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 (2.2x) compared to the SE Interactive Media and Services industry average (2.1x).


Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


33.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BETCO's forecast earnings growth (33.9% per year) is above the savings rate (0.3%).

Earnings vs Market: BETCO's earnings (33.9% per year) are forecast to grow faster than the Swedish market (9.7% per year).

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

Revenue vs Market: BETCO's revenue (18.5% per year) is forecast to grow faster than the Swedish market (5.8% per year).

High Growth Revenue: BETCO's revenue (18.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BETCO's Return on Equity is forecast to be low in 3 years time (16.3%).


Past Performance

How has Better Collective performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


33.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BETCO has a large one-off loss of €18.4M impacting its March 31 2022 financial results.

Growing Profit Margin: BETCO's current net profit margins (9.8%) are lower than last year (24%).


Past Earnings Growth Analysis

Earnings Trend: BETCO's earnings have grown significantly by 33.4% per year over the past 5 years.

Accelerating Growth: BETCO's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BETCO had negative earnings growth (-21.1%) over the past year, making it difficult to compare to the Interactive Media and Services industry average (46.3%).


Return on Equity

High ROE: BETCO's Return on Equity (5%) is considered low.


Financial Health

How is Better Collective's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: BETCO's short term assets (€62.9M) exceed its short term liabilities (€55.5M).

Long Term Liabilities: BETCO's short term assets (€62.9M) do not cover its long term liabilities (€197.1M).


Debt to Equity History and Analysis

Debt Level: BETCO's net debt to equity ratio (31.3%) is considered satisfactory.

Reducing Debt: BETCO's debt to equity ratio has increased from 0.6% to 39.6% over the past 5 years.

Debt Coverage: BETCO's debt is well covered by operating cash flow (23.1%).

Interest Coverage: BETCO's interest payments on its debt are well covered by EBIT (21.5x coverage).


Balance Sheet


Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.37%

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as BETCO has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.4yrs

Average management tenure


CEO

Jesper Sogaard (38 yo)

20.33yrs

Tenure

€453,000

Compensation

Mr. Jesper Sdgaard 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 ($USD484.08K) is below average for companies of similar size in the Swedish market ($USD707.22K).

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


Leadership Team

Experienced Management: BETCO's management team is considered experienced (3.4 years average tenure).


Board Members

Experienced Board: BETCO's board of directors are considered experienced (4.5 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.7%.


Top Shareholders

Company Information

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


Key Information

  • Name: Better Collective A/S
  • Ticker: BETCO
  • Exchange: OM
  • Founded: 2004
  • Industry: Interactive Media and Services
  • Sector: Media
  • Implied Market Cap: kr8.077b
  • Shares outstanding: 54.35m
  • Website: https://www.bettercollective.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/23 00:00
End of Day Share Price2022/05/23 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.