Angler Gaming Plc (ANGL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Angler Gaming Plc SEK 7.66, price SEK 5.60, upside +36.8%, quality 69 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Angler Gaming plc invests in companies that offer gaming services through the internet in Malta. The company owns and administers shareholding in Internet gambling companies, which directly or through partners offer games to end users. It also offers B2B gaming platform and related support services.
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Angler Gaming plc invests in companies that offer gaming services through the internet in Malta. The company owns and administers shareholding in Internet gambling companies, which directly or through partners offer games to end users. It also offers B2B gaming platform and related support services. Angler Gaming plc was incorporated in 2012 and is headquartered in Gzira, Malta.
Stock analysis
Angler Gaming Plc (ANGL) currently trades at kr 5.60, while our model-based Fair Value estimate is kr 7.66, implying the stock looks roughly 26.9% undervalued today.
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Valuation
How firm this estimate is: it rests on 22 models at a data quality of 91/100, which puts the evidence level at low.
Scenario range: kr 5.24 (bear) to kr 14.84 (bull), the price of kr 5.60 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Angler Gaming Plc reported revenue of €30.6M in FY2025 versus €31.7M in FY2022, a compound −1.2%/yr. Reported net income was €4.8M in FY2025.
Key figures
Market cap 420M SEK (≈ $42.3M) · P/E ratio 6.4 · P/S ratio 1.00 · EPS (TTM) kr 0.8800 · Dividend yield 0.3% · Net margin 15.8% · Return on equity 46.8% · Return on assets (EBIT) 19.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 93% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 24% fair-value upside, at 37%, ANGL screens cheaper than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (kr 0.1100 to kr 1.57). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear kr 5.24Fair Value kr 7.66Bull kr 14.84
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (kr 0.6461 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+50.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+50.1%
Dividend (yield on the price)0.3%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−7% → 21%
2025 sits 144% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+17.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +15.2% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Gambling · 57 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside+37% · Above median
Profitability
Return on equity (TTM)47% · Top 25%
Return on assets28% · Top 25%
Net margin (TTM)20% · Top 25%
Operating margin (TTM)35% · Top 25%
Growth and dividend
Revenue growth2% · Below median
Dividend yield (TTM)0.3% · Bottom 25%
Valuation Multiplesvs Gambling median · lower = cheaper
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Is Angler Gaming Plc (ANGL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 7.66 versus a price of kr 5.60, about +37% upside (undervalued).
What is the fair value of ANGL?
Our model-based fair value for Angler Gaming Plc is kr 7.66 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 5.60.
What is the quality score of ANGL?
Angler Gaming Plc has a Quality Score of 69/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Angler Gaming Plc (ANGL)?
Our model-based price target is the fair value of kr 7.66 (as of Sep 24, 2026) from 22 valuation models. Cautious scenario kr 5.24, optimistic scenario kr 14.84. It is a calculation from audited fundamentals, not an analyst target.
What is the Angler Gaming Plc stock forecast for 2026?
Our models put fair value at kr 7.66, about +37% upside versus a price of kr 5.60 (undervalued). Cautious scenario kr 5.24, optimistic scenario kr 14.84. The calculation is refreshed regularly with new filings.
What is the revenue of Angler Gaming Plc (ANGL)?
Angler Gaming Plc reported trailing-twelve-month revenue of about €30.7M (latest available figure, as of Sep 24, 2026).
Does Angler Gaming Plc pay a dividend?
Angler Gaming Plc currently shows a dividend yield of about 0.30% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Angler Gaming Plc (ANGL)?
For today's price to be fair in a discounted-cash-flow model, Angler Gaming Plc would have to grow free cash flow by +17.7 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew -1.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of ANGL use?
Our models discount Angler Gaming Plc at 9.1 %: a base by market capitalisation (nano), damped by beta 0.85, country premium for Sweden. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Angler Gaming Plc that is +17.7 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Angler Gaming Plc (ANGL) delivered so far?
Over the past 3 years revenue at Angler Gaming Plc grew -1.2 % a year. The price currently implies +17.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Angler Gaming Plc (ANGL) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Angler Gaming Plc (+17.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Angler Gaming Plc (ANGL)?
The free-cash-flow yield on the price is 2.86 %: that much free cash flow Angler Gaming Plc produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Angler Gaming Plc (ANGL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Angler Gaming Plc it is kr 7.66 per share (as of Sep 24, 2026), against a price of kr 5.60. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Angler Gaming Plc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ANGL trades below its calculated fair value: price kr 5.60, fair value kr 7.66, a gap of about +37% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ANGL?
No. The price is what the market pays today (kr 5.60); the fair value is what the company's own numbers justify (kr 7.66). For Angler Gaming Plc the two are kr 2.06 per share apart. That gap is exactly why we show both numbers side by side.
How much is Angler Gaming Plc worth?
The market values Angler Gaming Plc at about 420M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 5.60; our models calculate a fair value of kr 7.66 per share.
What do the bullish and bearish scenarios say about ANGL?
Our models span a range for Angler Gaming Plc: cautious scenario kr 5.24, base kr 7.66, optimistic kr 14.84 per share (as of Sep 24, 2026, price kr 5.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ANGL?
Angler Gaming Plc trades at a price-to-earnings ratio of 6.4 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 7.66 is built from several models across several years. Other multiples: P/B 3.3, P/S 1.4, EV/EBITDA 5.4.
How solid is the balance sheet of Angler Gaming Plc (ANGL)?
Balance-sheet figures for Angler Gaming Plc (as of Sep 24, 2026): return on equity 46.8%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is ANGL from its 52-week high?
Angler Gaming Plc trades at kr 5.60, about 3% below its 52-week high of kr 5.78 and 93% above the low of kr 2.90 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of kr 7.66 is for.
Which stocks are comparable to Angler Gaming Plc?
From the same area (Consumer Cyclical) we also value Flutter Entertainment plc, Evolution AB, The Lottery Corporation, Rush Street Interactive, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Angler Gaming Plc stock attractive at the current price?
The data as of Sep 24, 2026: price kr 5.60, calculated fair value kr 7.66 (+37%), Quality Score 69/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ANGL calculated?
We run Angler Gaming Plc through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of kr 7.66, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0 % above its aggregate fair value. Angler Gaming Plc currently trades 37 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Angler Gaming Plc (ANGL)?
The closing price on Sep 24, 2026 was kr 5.60. Our model-based fair value is kr 7.66, about +37% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Angler Gaming Plc right now?
The model range is unusually wide (kr 5.24 to kr 14.84). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Angler Gaming Plc
How large is the market capitalisation of Angler Gaming Plc (ANGL)?
The market capitalisation of Angler Gaming Plc is 420M SEK (≈ $42.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Angler Gaming Plc (ANGL)?
The price-to-sales ratio of Angler Gaming Plc is 1.00 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Angler Gaming Plc (ANGL)?
Earnings per share at Angler Gaming Plc are kr 0.8800 (price ÷ EPS = P/E 6.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Angler Gaming Plc (ANGL)?
The dividend yield of Angler Gaming Plc is 0.3% (payout 1.9%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Angler Gaming Plc (ANGL)?
The net margin of Angler Gaming Plc is 15.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Angler Gaming Plc (ANGL)?
The return on equity (ROE) of Angler Gaming Plc is 46.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Angler Gaming Plc (ANGL)?
On an EBIT basis the return on assets of Angler Gaming Plc is 19.8% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Angler Gaming Plc (ANGL)?
The operating margin of Angler Gaming Plc is 35.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Angler Gaming Plc (ANGL)?
Revenue at Angler Gaming Plc is growing +1.6% versus a year earlier (3y avg −1.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Angler Gaming Plc (ANGL)?
Earnings per share at Angler Gaming Plc are growing +85.9% versus a year earlier. How much earnings per share grew versus a year earlier.
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