B90 Holdings stock analysis
B90 Holdings (24GN) Stock Price & Analysis
24GN Stock Chart & Stats
- Day’s Range
- EUR 0.02 - EUR 0.03
- 52-Week Range
- EUR 0.01 - EUR 0.06
- Previous Close
- EUR 0.02
- Volume
- N/A
- Average Volume (3M)
- 0
- Market Cap
- EUR 19.27M
- Enterprise Value
- EUR 15.34M
- Total Cash (Recent Filing)
- EUR 967.38K
- Total Debt (Recent Filing)
- EUR 0
- Price to Earnings (P/E)
- 47.9
- Beta
- 0.27
- Next Earnings
- May 12, 2027 (Est.)
- EPS Estimate
- N/A
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- N/A
Bulls Say, Bears Say
Bulls Say
Revenue And Profit Turnaround
Revenue growth of 57.2% and a return to profit show that the business can scale its marketing and affiliate model when execution improves. If retained, stronger sales provide a broader base for operating leverage, reinvestment in customer acquisition, and more resilient earnings over coming quarters.
Debt-Free Balance Sheet
The absence of reported debt and the sizeable equity base give B90 financial flexibility to fund operations and pursue growth without substantial interest obligations. This conservative current structure also improves its ability to absorb volatility and retain cash for strategic investment.
Positive Free Cash Flow
Positive operating cash flow and approximately 0.6M of free cash flow mark an important improvement in the company’s ability to fund itself internally. Sustaining this conversion would reduce reliance on external financing and support marketing investment, working capital needs, and balance-sheet resilience.
Bears Say
Volatile Historical Profitability
The sharp swing from substantial losses in 2021–2024 to profit in 2025 means the latest improvement has not yet established a dependable earnings record. Continued volatility would make planning and capital allocation harder, while weakening confidence that recent margins can persist through changing conditions.
Unproven Cash Conversion
Although cash flow turned positive, operating cash covered only about 64% of EBITDA and followed several years of negative cash generation. Incomplete conversion from reported earnings into cash could constrain reinvestment and leave the business more exposed if profitability or customer acquisition performance weakens.
Historically Weak Capital Structure
The prior period of negative equity and elevated leverage shows that B90’s financial structure has not been consistently strong across the cycle. While the current balance sheet is debt-free, this history indicates that a downturn or renewed losses could again pressure capital strength and financial flexibility.
B90 Holdings News
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Company Description
B90 Holdings
B90 Holdings PLC, together with its subsidiaries, operates online sportsbook and casino products in the Isle of Man. It also engages in generating marketing leads and marketing contracts for the activities of partners in online sports betting and casinos games under Oddsen.nu, Bet90, and Tippen4you.com brand names. The company was formerly known as Veltyco Group PLC and changed its name to B90 Holdings PLC in February 2020. B90 Holdings PLC is based in Douglas, the Isle of Man.
- Sector
- Consumercyclical
- Industry
- Gambling, Resorts & Casinos
- CEO
- Ronny Ingvar Breivik
- Employees
- 15
- Website
- www.b90holdings.com
- Address
- 33-37 Athol Street, Douglas, IM, IM1 1LB, IM
B90 Holdings (24GN) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 8 | 2 | 12 |
| Technical Analysis | 5 | 2 | 3 |
| Moving Averages | 3 | 0 | 9 |







