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Angler Gaming plc (ANGL) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 333M SEK

AG Angler Gaming plc ANGL · ST
Pricekr 4.93
Fair Valuekr 0.6600
Upside-86.6%
Quality69/100
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Mixed Growth
Solidly profitable · 19.5% net margin
generates free cash flow
Ranks above peers (8/12)
Wide moat 96/100
Evidence: High Range kr 0.5800 – kr 1.32 Share as image

Fair value as of: Aug 2, 2026

From 22 valuation models · updated 8 days ago

Share price +16.0% over the past month.

A solid business, but screening 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (kr 1.32). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 0.5800 to kr 1.32) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 28.89 kr 2.90 Fair Value kr 0.6600 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range kr 2.90 – kr 28.89 · fair‑value band kr 0.5800 – kr 1.32 · the kr 4.93 price screens above the kr 0.6600 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Angler Gaming plc (ANGL) currently trades at kr 4.93, while our model-based Fair Value estimate is kr 0.6600, implying the stock looks roughly 86.6% overvalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Angler Gaming plc generated revenue of 30.7M SEK at a net margin of 19.5%. Revenue grew 1.6% year over year. It earns a return on equity of 46.8%. The stock trades on a trailing P/E of 5.0. Fundamentals as of Aug 2, 2026

Our scenario range runs from kr 0.5800 (bear case) to kr 1.32 (bull case); at kr 4.93, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 76% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -11% fair-value upside, at -87%, ANGL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (kr 0.1100 to kr 1.57). Read the values as a conservative anchor, not as a price target.
Model 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
Highest evidence
Residual Income kr 0.4000 kr 0.5800 kr 4.77 76
Growth DCF kr 0.1300 kr 0.1700 kr 0.2200 72
Growth-Adj P/E kr 0.7500 kr 1.07 kr 1.39 68
All 22 models by family
DCF Models
FCF DCF kr 0.1300 kr 0.1700 kr 0.2200 38
Owner Earnings kr 0.5200 kr 0.6700 kr 0.9300 31
5Y Revenue Exit kr 0.2400 kr 0.3800 kr 0.5700 39
5Y EBITDA Exit kr 0.4400 kr 0.7200 kr 1.09 41
5Y P/E Exit kr 0.5800 kr 0.9500 kr 1.40 38
10Y Revenue Exit kr 0.1800 kr 0.2700 kr 0.3700 36
10Y EBITDA Exit kr 0.3000 kr 0.4700 kr 0.6400 37
10Y P/E Exit kr 0.3800 kr 0.6000 kr 0.8100 35
Earnings-Based
Graham-Dodd kr 0.4400 kr 0.5300 kr 0.6000 54
EPV kr 0.5600 kr 0.6400 kr 0.7000 59
Multiples
P/E Multiple kr 1.06 kr 1.42 kr 1.77 63
P/S Multiple kr 0.3700 kr 0.4900 kr 0.6100 58
P/B Multiple kr 0.5100 kr 0.6800 kr 0.8500 55
EV/EBIT kr 1.18 kr 1.57 kr 1.96 53
EV/EBITDA kr 0.8000 kr 1.06 kr 1.32 54
EV/Revenue kr 0.3600 kr 0.5100 kr 0.6500 43
Asset-Based
NCAV (Graham) kr 0.0900 kr 0.1100 kr 0.1700 50
Growth DCF
Growth DCF kr 0.1300 kr 0.1700 kr 0.2200 72
Rev-Margin DCF kr 0.2400 kr 0.3800 kr 0.5400 67
Economic Profit
Residual Income kr 0.4000 kr 0.5800 kr 4.77 76
ROIC Compounder kr 0.5600 kr 0.6500 kr 0.7300 67
Growth Earnings
Growth-Adj P/E kr 0.7500 kr 1.07 kr 1.39 68

Widest divergence: Growth Earnings (kr 1.07) versus Asset-Based (kr 0.1100). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 30.7M SEK
Revenue growth (YoY) +1.6%
Net margin 19.5%
Return on equity 46.8%
Free cash flow €1.1M FY2025
P/E ratio 5.0
More key figures
Operating margin 35.0%
EPS (TTM) kr 0.8800
EPS growth (YoY) +85.9%

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 66 · Market factors (momentum, volatility) 71

Profitability 93
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 52
Calm price path (market factor)
Momentum 80
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2025 · reported fiscal years

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.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue −1.2%/yr
FY22 €31.7M
FY23 €39.2M
FY24 €40.1M
FY25 €30.6M
Net income
FY22 −€3.3M
FY23 €2.1M
FY24 €1.8M
FY25 €4.8M

ANGL screens 87% overvalued. Compare with Flutter Entertainment plc →

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Cite: Fair Value Calculator (2026). "Angler Gaming plc Fair Value". https://www.fairvalue-calculator.com/stock/ANGL

Peer Group

Gambling · 54 stocks

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.

Quality Score 69 · Top 25%
Fair Value upside −87% · Bottom 25%
Return on equity (TTM) 47% · Top 25%
Return on assets 28% · Top 25%
Net margin (TTM) 20% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth 2% · Below median

Valuation Multiples vs Gambling median · lower = cheaper

P/E (TTM) 5.0× · Cheaper than 75% of peers
P/B 2.74× · Pricier than median
P/S (TTM) 1.14× · Cheaper than median
P/FCF 33.2× · Pricier than 75% of peers
EV/EBITDA 4.4× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 30
FUTURE 8 · sector 9
PAST 100 · sector 26
HEALTH 0 · sector 89
DIVIDEND 0 · sector 66

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Gambling

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Gambling stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Flutter Entertainment plc FLUT $110.66 $88.33 -20%
Evolution AB EVO kr 684.00 kr 974.80 +43%
The Lottery Corporation TLC A$5.62 A$2.99 -47%
Super Group SGHC $14.73 $9.39 -36%
Lottomatica Group LTMC €25.62 €16.38 -36%
Light & Wonder, Inc LNWO $78.94 $70.17 -11%
Churchill Downs Incorporated CHDN $83.95 $94.74 +13%
FDJ United FDJ €23.24 €20.97 -10%
Brightstar Lottery PLC BRSL $10.71 $17.61 +64%
Tabcorp Holdings TAH A$0.8750 A$0.3700 -58%

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Frequently asked questions

Is Angler Gaming plc (ANGL) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of kr 0.6600 versus a price of kr 4.93, about −87% (overvalued).
What is the fair value of ANGL?
Our model-based fair value for Angler Gaming plc is kr 0.6600 (as of Aug 2, 2026), built from audited fundamentals. The current price is kr 4.93.
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 revenue of Angler Gaming plc (ANGL)?
Angler Gaming plc reported trailing-twelve-month revenue of about 30.7M SEK (latest available figure, as of Aug 2, 2026).
What is the net profit margin of ANGL?
The net profit margin of Angler Gaming plc is about 19.5%, meaning it keeps roughly 19.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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