Explore 3 Stock Ideas & Industry Insights Download Free Report

888-969-2592
Shopping Cart 0
countryflagCA
Login

Home CompaniesEvolution AB (publ)

Evolution AB (publ)

Consumer Cyclical Gambling
PortfolioPortfolio WatchlistWatchlist
Company price
87.47 USD 0.00(0%)
Last update at 2026-11-05T21:00:00Z
VOLUME
643
Market Cap
16745.23M
P/E
14.77

Momentum Score

…

Evolution AB (publ) develops, produces, markets, and licenses live casino and slots solutions to gaming operators in Europe, Asia, North America, Latin America, and internationally. It offers casino and live games shows under the Evolution and Ezugi brands; online casino under the NetEnt brand name; and casino games and software comprising jackpot system, a smart spins bonus management application, and tournaments gamification under the Red Tiger brand. It also provides slots titles and game mechanics under the Big Time Gaming brand; online casino platform and games under the Nolimit City brand name; HD spinning gaming wheels under the DigiWheel brand; and B2B social streaming games under the Livespins brand name. The company was formerly known as Evolution Gaming Group AB (publ). Evolution AB (publ) was founded in 2006 and is headquartered in Stockholm, Sweden.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
78.50
Low
87.47
High
52 Week Price Range
56.15
Low
91.03
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Evolution AB is a Sweden-based provider of live casino systems and online gaming content that supplies software and studios to licensed operators globally. Long-term growth may be supported by expansion into regulated markets, a broad content library built organically and by acquisitions, and cross-selling to operator customers that could boost recurring B2B revenue.
Material risks include changes to licensing and gambling regulation, dependency on a limited number of large operator partners, intense competitive pressure and execution or operational disruptions at live studios and platform services.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
87.47
Dividend Yield
-
Revenue TTM
2052.16M
Revenue Per Share
10.29
Gross Profit TTM
2052.16M
Debt / Equity
0.04
ROE
26.69%
Net Debt
-652.12M
ROCE
28.86%
Diluted EPS TTM
6.16

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 1246.42M 1438.92M 1148.61M 906.59M 647.49M
Net income 1082.58M 1244.02M 1070.86M 843.36M 605.43M
Gross profit 2124.23M 2112.28M 1798.60M 1456.74M 1094.73M
Reconciled depreciation 160.03M 142.22M 119.84M 100.38M 80.65M
Ebit 1228.90M 1445.29M 1142.73M 911.20M 650.29M
Ebitda 1392.02M 1587.52M 1196.19M 1011.58M 730.94M
Depreciation and amortization 163.12M 142.22M 53.46M 100.38M 80.65M
Operating income 1205.64M 1419.55M 1142.73M 908.06M 654.00M
Other operating expenses 860.90M 643.53M 655.87M 548.67M 414.77M
Interest expense 5.54M 6.85M 5.01M 4.61M 2.80M
Tax provision 184.33M 194.91M 74.53M 63.23M 42.06M
Interest income 16.44M 22.34M 14.36M 5.31M 0.23M
Net interest income -10.88M 19.37M -2.50M 0.14M -2.96M
Income tax expense 184.33M 194.91M 77.75M 63.23M 42.06M
Total revenue 2066.54M 2063.09M 1798.60M 1456.74M 1068.78M
Total operating expenses 918.59M 692.73M 655.87M 548.67M 440.73M
Cost of revenue -57.69M -49.20M 673.13M - -25.95M
Total other income expense net 40.78M 19.37M 5.88M -1.47M -6.51M
Net income from continuing ops 1062.10M 1244.02M 1011.50M 843.36M 605.43M
Net income applicable to common shares - - - 843.36M 605.43M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 5505.50M 5346.77M 4973.48M 4369.37M 3903.07M
Intangible assets 680.26M 692.40M 714.51M 742.93M 757.25M
Other current assets 32.67M 797.23M 370.14M 12.43M 9.29M
Total liab 1441.07M 1374.94M 967.27M 909.09M 712.12M
Total stockholder equity 4064.42M 3971.84M 4006.22M 3460.28M 3190.95M
Other current liab 1218.51M 113.53M 117.26M 401.40M 346.91M
Common stock 0.65M 0.65M 0.65M 0.65M 0.65M
Capital stock 0.65M 0.65M 0.65M 0.65M 0.65M
Retained earnings 1795.35M 1809.43M 1800.91M 1270.95M 802.97M
Other liab - - - 418.04M 288.82M
Good will 2363.16M 2276.52M 2324.01M 2315.33M 2188.48M
Other assets - - 14.62M 11.65M 13.46M
Cash 815.54M 787.07M 985.76M 532.55M 421.43M
Total current liabilities 1247.70M 1103.09M 561.32M 425.89M 370.13M
Current deferred revenue - - 417.07M 372.78M 246.59M
Net debt -652.12M -693.41M -906.30M -453.00M -353.62M
Short term debt 18.24M 16.27M 13.92M 14.39M 14.64M
Short long term debt total 163.41M 93.66M 79.46M 79.55M 67.81M
Other stockholder equity 2425.26M 2429.05M 2204.66M 2188.68M 2387.34M
Property plant equipment - - - 190.08M 134.47M
Total current assets 2069.50M 2005.89M 1722.26M 1109.38M 809.41M
Net tangible assets - - - 402.02M 245.22M
Net receivables 1221.30M 421.60M 359.19M 277.01M 357.65M
Inventory 10.64M 9.14M 7.17M 7.69M 3.52M
Accounts payable 10.96M 16.05M 13.06M 10.09M 8.58M
Accumulated other comprehensive income -156.84M -267.30M -206.02M - -
Non currrent assets other 12.70M 10.54M 6.78M 8.87M 11.10M
Non current assets total 3435.99M 3340.88M 3251.22M 3260.00M 3093.66M
Capital lease obligations 91.07M 93.66M 79.46M 79.55M 67.81M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 0.85M -247.97M -151.89M -371.60M -154.95M
Change to liabilities - - - 1.20M -7.11M
Total cashflows from investing activities -147.97M -247.97M -139.36M -371.60M -154.95M
Net borrowings - - - -14.14M -12.83M
Total cash from financing activities -1109.75M -1238.08M -574.50M -394.20M -248.52M
Change to operating activities - - - -7.25M -17.73M
Net income 1082.58M 1419.55M 1142.73M 908.06M 654.00M
Change in cash 113.12M -184.28M 453.20M 111.12M 199.76M
Begin period cash flow 702.42M 985.76M 532.55M 421.43M 221.68M
End period cash flow 815.54M 801.47M 985.76M 532.55M 421.43M
Total cash from operating activities 1279.43M 1301.00M 1168.45M 877.47M 598.89M
Issuance of capital stock 3.39M 17.45M -22.42M 1.71M 32.02M
Depreciation 163.12M 142.22M 127.96M 100.38M 80.65M
Other cashflows from investing activities - -175.07M -49.60M -1.52M -1.13M
Dividends paid 583.54M 559.27M 427.40M 302.75M 144.38M
Change to inventory - - 0.00M - -
Change to account receivables -40.01M -60.34M -74.27M -72.08M -70.44M
Sale purchase of stock -509.84M -677.99M -115.76M -75.59M -123.31M
Other cashflows from financing activities -19.83M -18.27M -139.36M -14.14M -12.83M
Change to netincome - - - 11.85M 8.10M
Capital expenditures 65.85M 136.71M 94.19M 96.94M 61.59M
Change in working capital -34.36M -58.88M -64.60M -78.12M -95.28M
Other non cash items 68.09M -201.89M -37.65M -52.85M -40.47M
Free cash flow 1213.59M 1164.29M 1074.26M 780.53M 537.30M

Peer Comparison*

Sector: Consumer Cyclical Industry: Gambling

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
EVGGF
Evolution AB (publ)		 -
-%		 87.47 14.77 13.93 8.16 3.41 6.59 9.66
ARLUF
Aristocrat Leisure Limited		 -
-%		 44.55 26.33 19.23 3.10 4.56 4.80 11.38
GRKZF
Greek Organization of Football Prognostics S.A		 -
-%		 15.53 21.04 13.32 1.64 2.36 6.48 16.06
FLUT
Flutter Entertainment plc		 -
-%		 81.70 - 14.77 1.01 2.00 1.54 16.36
EVVTY
Evolution Gaming Group AB ADR		 -1.73
1.98%		 85.62 11.33 10.92 6.79 2.87 5.37 7.86

Profile*

Evolution AB (publ)

Evolution AB (publ) develops, produces, markets, and licenses live casino and slots solutions to gaming operators in Europe, Asia, North America, Latin America, and internationally. It offers casino and live games shows under the Evolution and Ezugi brands; online casino under the NetEnt brand name; and casino games and software comprising jackpot system, a smart spins bonus management application, and tournaments gamification under the Red Tiger brand. It also provides slots titles and game mechanics under the Big Time Gaming brand; online casino platform and games under the Nolimit City brand name; HD spinning gaming wheels under the DigiWheel brand; and B2B social streaming games under the Livespins brand name. The company was formerly known as Evolution Gaming Group AB (publ). Evolution AB (publ) was founded in 2006 and is headquartered in Stockholm, Sweden.

Hamngatan 11, Stockholm, Sweden, 111 47

46 7 06 29 47 23

https://www.evolution.com

16298

Name Title Year Born
Mr. Jens von Bahr Co-Founder, Chairman & Pres 1971
Mr. Martin Carlesund Group Chief Exec. Officer 1970
Mr. Fredrik Österberg Co-Founder & Director 1970
Mr. Richard Hadida Co-Founder and Creative Director of Group NA
Mr. Jacob Kaplan Chief Financial Officer 1973
Mr. David Craelius Chief Technology Officer 1974
Mr. Carl Herman Linton Head of IR 1972
Amy Riches Head of Marketing NA
Ms. Louise Wivén-Nilsson Chief HR Officer 1972
Mr. Todd Haushalter Chief Product Officer & Games Operations 1978

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

Kalkine

3 Mining Stock
Ideas Report

Download a free report with stock ideas and industry insights for general information.

Download Free Report Now → sector image

Top Stocks by Market Cap*

ITH
CAD 2.15
+27.68%
HG
CAD 4.11
+19.13%
PPTA
CAD 27.74
+17.99%
UCU
CAD 2.10
+17.32%
GAU
CAD 3.49
+16.72%
TSU
CAD 29.67
-29.71%
PXT
CAD 19.73
-16.91%
LAS-A
CAD 230.50
-9.25%
IFP
CAD 13.50
-8.35%
NFI
CAD 24.01
-7.80%

Equity Sectors*

  • Basic Materials

    +3.74%

  • Communication Services

    +0.56%

  • Consumer Cyclical

    -0.34%

  • Consumer Defensive

    +0.11%

  • Energy

    +1.33%

  • Financial Services

    -0.26%

  • Healthcare

    +2.54%

  • Industrials

    -0.11%

  • Real Estate

    -0.23%

  • Technology

    +1.91%

  • Utilities

    +1.05%

Note: Daily price change (%) by sector excluding stocks with +/-90% daily price change. Companies above $500 million market capitalization are considered.

Support

Hi! How can we help you today?

Loading…