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Betsson AB
(BETS.B)
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Rating:78Outperform
Price Target:
kr114.00
▲(23.11% 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
Low leverage and strong capital efficiency
Contained leverage reduces balance-sheet strain and preserves flexibility for investment, dividends, or resilience during weaker trading periods. Consistently strong ROE also indicates that Betsson has been using its equity base efficiently to generate shareholder returns.
Negative Factors
Recent revenue contraction
The latest negative revenue-growth figure signals that top-line momentum has weakened after earlier expansion. If this persists, slower customer or wagering growth could limit operating leverage and reduce the resources available for reinvestment, marketing, and shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong capital efficiency
Contained leverage reduces balance-sheet strain and preserves flexibility for investment, dividends, or resilience during weaker trading periods. Consistently strong ROE also indicates that Betsson has been using its equity base efficiently to generate shareholder returns.
Read all positive factors
Betsson AB (BETS.B) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr13.44B
Dividend Yield7.32%
Average Volume (3M)300.70K
Price to Earnings (P/E)8.8
Beta (1Y)0.22
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. Volume339,321
30 Day Avg. Volume300,703
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 makes money primarily by operating online gambling services and capturing the economic margin embedded in those products. Its core revenue streams are: (1) Casino gaming: revenue is generated from customers wagering on casino games (e.g., ...
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
Positive
92.60
Price Trends
93.16
Positive
90.74
Positive
97.72
Positive
Market Momentum
1.62
Negative
63.87
Neutral
84.99
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:BETS.B, the sentiment is Positive. The current price of 92.6 is below the 20-day moving average (MA) of 95.05, below the 50-day MA of 93.16, and below the 200-day MA of 97.72, indicating a bullish trend. The MACD of 1.62 indicates Negative momentum. The RSI at 63.87 is Neutral, neither overbought nor oversold. The STOCH value of 84.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | kr13.44B | 8.77 | 15.17% | 7.65% | -2.36% | -31.79% | |
68 Neutral | kr6.64B | 19.70 | ― | ― | -1.57% | 22.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | kr159.90M | -5.27 | -15.07% | ― | 17.97% | 93.95% | |
47 Neutral | kr399.05M | -17.75 | ― | 3.38% | -27.64% | -147.01% |
* General Sector Average
SE:BETS.B
Betsson AB
97.40
-45.28
-31.73%
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SE:WSG
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-11.66%
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...
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.