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Betsson AB
(BETS.B)
Select Model
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Rating:78Outperform
Price Target:
kr103.00
▲(11.23% Upside)
Action:Reiterated
Date:07/18/26
Overall score is driven primarily by strong financial performance (growth, solid profitability, strong ROE with low leverage) and very attractive valuation (low P/E and high dividend yield). The main constraint is technical positioning: improving short-term momentum, but the longer-term trend remains weaker with the 200-day average well above the current price.
Positive Factors
Strong operating profitability and business scale
Multi-year revenue expansion combined with sustained operating margins indicates a scalable iGaming model. Continued profitability provides capacity to fund marketing, product development and market expansion without relying solely on external financing.
Negative Factors
Recent revenue and EPS contraction
The latest growth indicators point to weaker top-line and per-share earnings momentum than the company’s longer-term scaling history. If sustained, slower growth could reduce operating leverage and constrain future reinvestment or shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating profitability and business scale
Multi-year revenue expansion combined with sustained operating margins indicates a scalable iGaming model. Continued profitability provides capacity to fund marketing, product development and market expansion without relying solely on external financing.
Read all positive factors
Betsson AB (BETS.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr12.71B
Dividend Yield7.75%
Average Volume (3M)307.85K
Price to Earnings (P/E)8.4
Beta (1Y)0.25
Revenue Growth-2.36%
EPS Growth-31.79%
CountrySE
Employees2,927
SectorGeneral
Sector StrengthN/A
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.99
Shares Outstanding121,854,410
10 Day Avg. Volume263,331
30 Day Avg. Volume307,852
Financial Highlights & Ratios
PEG Ratio-13.70
Price to Book (P/B)2.07
Price to Sales (P/S)1.57
P/FCF Ratio12.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.88
Revenue Forecast (FY)kr1.21B
Betsson AB Business Overview & Revenue Model
Company Description
Betsson AB is an online gaming enterprise that, through its various subsidiaries, maintains a substantial presence across several key geographical regions. Its operations primarily span the Nordic countries, Western Europe, Central and Eastern Eur...
How the Company Makes Money
Betsson primarily generates revenue from iGaming by earning the statistical margin between what customers wager and what is paid back in winnings, with the mechanics varying by product. In online casino (e.g., slots, table games, live casino), rev...
Betsson AB Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
79
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.20B | 1.20B | 1.11B | 948.20M | 777.20M | 657.70M |
| Gross Profit | 768.00M | 435.41M | 719.75M | 756.33M | 504.36M | 450.44M |
| EBITDA | 255.70M | 319.48M | 316.00M | 259.79M | 173.08M | 152.49M |
| Net Income | 134.25M | 177.40M | 181.30M | 177.30M | 119.60M | 106.40M |
Balance Sheet | ||||||
| Total Assets | 1.35B | 1.33B | 1.37B | 1.20B | 1.02B | 897.20M |
| Cash, Cash Equivalents and Short-Term Investments | 310.00M | 321.58M | 308.50M | 237.10M | 168.30M | 95.60M |
| Total Debt | 196.80M | 192.75M | 186.20M | 184.20M | 115.00M | 117.10M |
| Total Liabilities | 523.10M | 432.99M | 509.50M | 440.94M | 370.90M | 328.40M |
| Stockholders Equity | 844.80M | 905.60M | 869.10M | 770.00M | 654.20M | 571.80M |
Cash Flow | ||||||
| Free Cash Flow | 137.60M | 151.00M | 222.90M | 189.00M | 143.20M | 111.50M |
| Operating Cash Flow | 206.60M | 215.60M | 272.90M | 230.40M | 178.70M | 143.60M |
| Investing Cash Flow | -44.10M | -52.10M | -93.30M | -159.00M | -51.20M | -71.60M |
| Financing Cash Flow | -171.90M | -138.10M | -107.00M | 300.00K | -54.70M | -62.20M |
Betsson AB Technical Analysis
Neutral
92.60
Price Trends
89.98
Positive
90.45
Positive
101.87
Negative
Market Momentum
0.76
Negative
53.94
Neutral
79.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BETS.B, the sentiment is Neutral. The current price of 92.6 is above the 20-day moving average (MA) of 91.83, above the 50-day MA of 89.98, and below the 200-day MA of 101.87, indicating a neutral trend. The MACD of 0.76 indicates Negative momentum. The RSI at 53.94 is Neutral, neither overbought nor oversold. The STOCH value of 79.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:BETS.B.
Betsson AB Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | kr12.71B | 8.43 | 15.17% | 7.83% | -2.36% | -31.79% | |
61 Neutral | kr7.03B | 21.88 | ― | ― | -1.57% | 22.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | kr176.53M | -6.35 | -13.09% | ― | 17.97% | 93.95% | |
39 Underperform | kr410.14M | -17.68 | ― | ― | -27.64% | -147.01% |
* General Sector Average
SE:BETS.B
Betsson AB
92.60
-59.63
-39.17%
SE:ACROUD
Acroud AB
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-11.88%
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1.73
-4.57
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119.00
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SE:FRACTL
Fractal Gaming Group AB
14.04
-22.71
-61.80%
SE:WSG
WS WeSports Group AB
66.99
-5.45
-7.52%
Betsson AB Corporate Events
Betsson Completes Acquisition of Rhino Entertainment’s Canadian Business and Tech Assets
Aug 3, 2026
Betsson AB has completed the acquisition of Rhino Entertainment Group’s B2C operations in Canada, including entities holding assets, licences, staff and operational capabilities for Ontario and the wider Canadian market. The deal also brings...
Betsson Delivers Record Q2 Revenue as World Cup Boosts B2C, Profitability Squeezed
Jul 17, 2026
Betsson AB reported record quarterly revenue of EUR 310.2 million for the second quarter of 2026, boosted by strong B2C performance and heightened customer activity around the FIFA World Cup. However, profitability declined sharply as EBITDA and n...
Betsson sets July date for Q2 2026 results and investor presentation
Jul 3, 2026
Betsson AB will release its report for the second quarter of 2026 on 17 July, followed by an investor presentation later that morning led by CEO Pontus Lindwall and CFO Martin Öhman. The English‑language event, open to analysts, investo...
Betsson Cancels Repurchased Shares and Updates Capital Structure
May 29, 2026
Betsson AB has reduced its share capital by cancelling 3,094,000 previously repurchased Class B shares, following a resolution at its Annual General Meeting on 7 May 2026. After this cancellation, the company has 139,635,838 shares outstanding and...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.