Better Collective A/S

OM:BETCO Stock Report

Market Cap: SEK 8.0b

Better Collective Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: BETCO (SEK130.4) is trading below our estimate of fair value (SEK596)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for BETCO. This is calculated by dividing BETCO's market cap by their current earnings.
What is BETCO's PE Ratio?
PE Ratio26.3x
Earnings€26.46m
Market Cap€692.68m

Price to Earnings Ratio vs Peers

How does BETCO's PE Ratio compare to its peers?

The above table shows the PE ratio for BETCO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average34.6x
HEM Hemnet Group
67.4x24.8%SEK 30.7b
READ Readly International
7.2xn/aSEK 638.7m
MOBA M.O.B.A. Network
11.7xn/aSEK 184.9m
PDX Paradox Interactive
52.1x41.5%SEK 19.5b
BETCO Better Collective
26.4x53.2%SEK 8.1b

Price-To-Earnings vs Peers: BETCO is good value based on its Price-To-Earnings Ratio (26.4x) compared to the peer average (34.6x).

Price to Earnings Ratio vs Industry

How does BETCO's PE Ratio compare vs other companies in the European Interactive Media and Services Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
BETCO 26.3xIndustry Avg. 15.7xNo. of Companies5PE01224364860+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BETCO is expensive based on its Price-To-Earnings Ratio (26.4x) compared to the European Interactive Media and Services industry average (15.7x).

Price to Earnings Ratio vs Fair Ratio

What is BETCO'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.

BETCO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.3x
Fair PE Ratio30.5x

Price-To-Earnings vs Fair Ratio: BETCO is good value based on its Price-To-Earnings Ratio (26.4x) compared to the estimated Fair Price-To-Earnings Ratio (30.5x).

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 BETCO forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 130.40
SEK 233.13
+78.8%
21.4%SEK 289.34SEK 170.34n/a4
Nov ’25SEK 139.60
SEK 246.77
+76.8%
21.7%SEK 293.43SEK 171.69n/a3
Oct ’25SEK 226.00
SEK 363.11
+60.7%
7.5%SEK 399.74SEK 327.54n/a4
Sep ’25SEK 234.00
SEK 362.54
+54.9%
7.5%SEK 399.10SEK 327.02n/a4
Aug ’25SEK 239.50
SEK 362.69
+51.4%
6.1%SEK 397.58SEK 332.96n/a5
Jul ’25SEK 225.00
SEK 357.46
+58.9%
6.0%SEK 390.56SEK 327.08n/a5
Jun ’25SEK 243.50
SEK 361.87
+48.6%
6.1%SEK 396.50SEK 332.06n/a5
May ’25SEK 295.50
SEK 377.49
+27.7%
6.1%SEK 418.40SEK 350.10n/a5
Apr ’25SEK 287.50
SEK 373.39
+29.9%
5.9%SEK 399.59SEK 345.51n/a3
Mar ’25SEK 287.50
SEK 374.02
+30.1%
5.9%SEK 399.93SEK 345.81n/a3
Feb ’25SEK 292.50
SEK 355.82
+21.6%
3.6%SEK 377.27SEK 344.50n/a4
Jan ’25SEK 256.50
SEK 352.88
+37.6%
3.7%SEK 369.94SEK 337.81n/a3
Dec ’24SEK 236.50
SEK 362.85
+53.4%
4.4%SEK 378.88SEK 346.82n/a2
Nov ’24SEK 273.00
SEK 339.26
+24.3%
8.0%SEK 377.30SEK 315.74SEK 139.603
Oct ’24SEK 245.00
SEK 349.69
+42.7%
8.9%SEK 380.75SEK 318.62SEK 226.002
Sep ’24SEK 259.00
SEK 349.69
+35.0%
8.9%SEK 380.75SEK 318.62SEK 234.002
Aug ’24SEK 243.00
SEK 324.94
+33.7%
4.6%SEK 340.00SEK 309.88SEK 239.502
Jul ’24SEK 223.00
SEK 324.94
+45.7%
4.6%SEK 340.00SEK 309.88SEK 225.002
Jun ’24SEK 226.50
SEK 324.94
+43.5%
4.6%SEK 340.00SEK 309.88SEK 243.502
May ’24SEK 217.00
SEK 316.01
+45.6%
4.4%SEK 330.02SEK 302.00SEK 295.502
Apr ’24SEK 201.20
SEK 270.85
+34.6%
22.2%SEK 326.48SEK 187.31SEK 287.503
Feb ’24SEK 162.50
SEK 225.88
+39.0%
23.4%SEK 278.69SEK 173.07SEK 292.502
Jan ’24SEK 127.20
SEK 220.22
+73.1%
22.6%SEK 269.91SEK 170.52SEK 256.502
Dec ’23SEK 137.90
SEK 220.22
+59.7%
22.6%SEK 269.91SEK 170.52SEK 236.502
Nov ’23SEK 135.50
SEK 247.64
+82.8%
25.6%SEK 311.10SEK 184.18SEK 273.002

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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