B90 Holdings PLC (B90) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of B90 Holdings PLC £0.04, price £0.04, upside -4.7%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range £0.0175 – £0.1350 · fair‑value band £0.0326 – £0.0450 · the £0.0385 price screens above the £0.0367 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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B90 Holdings PLC, together with its subsidiaries, operates online casino and sports betting platforms in the Isle of Man.
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B90 Holdings PLC, together with its subsidiaries, operates online casino and sports betting platforms in the Isle of Man. It engages in online marketing and promotion of online sportsbook and casino websites; operation of sportsbook and casino brands; and customer acquisition for online sports betting and online casinos games under the Oddsen.nu, Bet90, and Tippen4you.com brand names. The company was founded in 2012 and is based in Douglas, the Isle of Man.
Stock analysis
B90 Holdings PLC (B90) currently trades at £0.0385, while our model-based Fair Value estimate is £0.0367, implying the stock looks roughly 4.9% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of £0.0400 per share, and 8 of the 23 models we run sit above the £0.0385 price.
Bear case: the Asset-Based group reads lowest at £0.0100, and 15 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: £0.0326 (bear) to £0.0450 (bull), the price of £0.0385 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 62/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
B90 Holdings PLC reported revenue of €7.2M in FY2025 versus €827K in FY2021, a compound +71.5%/yr. Reported net income was €394K in FY2025.
Key figures
Market cap 17.0M GBX · P/S ratio 1.73 · Net margin 5.5% · Return on equity 5.7% · Return on assets (EBIT) −31.1% · Operating margin 9.0% · Revenue (TTM) €7.2M · Revenue growth (YoY) +121%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 97% 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 −5%, B90 screens richer than that median.
Fair Value models
Bear £0.0326Fair Value £0.0367Bull £0.0450
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.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.90/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+103.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+49.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+54.5%
Start year 2020 (pandemic). Over 10 years: +10.6% a year
Revenue growth 14 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+41.4%
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Profit margin (trend) ⓘ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.
−275.6% (2020) → 5.3% (2025)
Growth Forecast
Little optimism in the price
The price assumes less 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).
+16.8%
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 +14.3% 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 3/11 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Above median
Fair Value upside−12% · Below median
Profitability
Return on equity (TTM)6% · Below median
Return on assets3% · Below median
Net margin (TTM)6% · Above median
Operating margin (TTM)9% · Below median
Growth and dividend
Revenue growth121% · Top 25%
Valuation Multiplesvs Gambling median · lower = cheaper
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Is B90 Holdings PLC (B90) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of £0.0367 versus a price of £0.0385, about −5% upside (fairly valued).
What is the fair value of B90?
Our model-based fair value for B90 Holdings PLC is £0.0367 (as of Sep 23, 2026), built from audited fundamentals. The current price: £0.0385.
What is the quality score of B90?
B90 Holdings PLC has a Quality Score of 62/100. 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 B90 Holdings PLC (B90)?
Our model-based price target is the fair value of £0.0367 (as of Sep 23, 2026) from 23 valuation models. Cautious scenario £0.0326, optimistic scenario £0.0450. It is a calculation from audited fundamentals, not an analyst target.
What is the B90 Holdings PLC stock forecast for 2026?
Our models put fair value at £0.0367, about −5% upside versus a price of £0.0385 (fairly valued). Cautious scenario £0.0326, optimistic scenario £0.0450. The calculation is refreshed regularly with new filings.
What is the revenue of B90 Holdings PLC (B90)?
B90 Holdings PLC reported trailing-twelve-month revenue of about €7.2M (latest available figure, as of Sep 23, 2026).
What growth is priced into B90 Holdings PLC (B90)?
For today's price to be fair in a discounted-cash-flow model, B90 Holdings PLC would have to grow free cash flow by +16.8 % per year for five years (discount rate 9.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +54.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of B90 use?
Our models discount B90 Holdings PLC at 9.4 %: a base by market capitalisation (nano), damped by beta 0.65, country premium for United Kingdom. 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 B90 Holdings PLC that is +16.8 % per year a year over ten years, using the same discount rate (9.4 %) and the same formula as our fair value.
How much growth has B90 Holdings PLC (B90) delivered so far?
Over the past 5 years revenue at B90 Holdings PLC grew +54.5 % a year. The price currently implies +16.8 % 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 B90 Holdings PLC (B90) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into B90 Holdings PLC (+16.8 % 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 B90 Holdings PLC (B90)?
The free-cash-flow yield on the price is 3.06 %: that much free cash flow B90 Holdings PLC produces per unit of market value. When it exceeds the discount rate of our models (9.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of B90 Holdings PLC (B90)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For B90 Holdings PLC it is £0.0367 per share (as of Sep 23, 2026), against a price of £0.0385. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is B90 Holdings PLC stock overvalued or undervalued in 2026?
As of Sep 23, 2026, B90 trades above its calculated fair value: price £0.0385, fair value £0.0367, a gap of about −5% (fairly valued). 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 B90?
No. The price is what the market pays today (£0.0385); the fair value is what the company's own numbers justify (£0.0367). For B90 Holdings PLC the two are £0.0018 per share apart. That gap is exactly why we show both numbers side by side.
How much is B90 Holdings PLC worth?
The market values B90 Holdings PLC at about 17.0M GBX (market capitalisation, as of Sep 23, 2026). Per share that is £0.0385; our models calculate a fair value of £0.0367 per share.
What do the bullish and bearish scenarios say about B90?
Our models span a range for B90 Holdings PLC: cautious scenario £0.0326, base £0.0367, optimistic £0.0450 per share (as of Sep 23, 2026, price £0.0385). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of B90 Holdings PLC (B90)?
Balance-sheet figures for B90 Holdings PLC (as of Sep 23, 2026): return on equity 5.7%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is B90 from its 52-week high?
B90 Holdings PLC trades at £0.0385, about 21% below its 52-week high of £0.0490 and 97% above the low of £0.0195 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of £0.0367 is for.
Which stocks are comparable to B90 Holdings 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 B90 Holdings PLC stock attractive at the current price?
The data as of Sep 23, 2026: price £0.0385, calculated fair value £0.0367 (−5%), Quality Score 62/100, from 23 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 B90 calculated?
We run B90 Holdings PLC through 23 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 £0.0367, 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 13.2 % above its aggregate fair value. B90 Holdings PLC itself currently trades above fair value. 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 B90 Holdings PLC (B90)?
The closing price on Sep 24, 2026 was £0.0385. Our model-based fair value is £0.0367, about −5% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with B90 Holdings PLC right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of B90 Holdings PLC
How large is the market capitalisation of B90 Holdings PLC (B90)?
The market capitalisation of B90 Holdings PLC is 17.0M GBX. 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 B90 Holdings PLC (B90)?
The price-to-sales ratio of B90 Holdings PLC is 1.73 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of B90 Holdings PLC (B90)?
The net margin of B90 Holdings PLC is 5.5% (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 B90 Holdings PLC (B90)?
The return on equity (ROE) of B90 Holdings PLC is 5.7% (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 B90 Holdings PLC (B90)?
On an EBIT basis the return on assets of B90 Holdings PLC is −31.1% (avg 5y). 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 B90 Holdings PLC (B90)?
The operating margin of B90 Holdings PLC is 9.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at B90 Holdings PLC (B90)?
Revenue at B90 Holdings PLC is growing +121% versus a year earlier (3y avg +49.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does B90 Holdings PLC (B90) hold?
B90 Holdings PLC holds more cash than debt, €967K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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