Betmakers Technology Group Ltd (BET) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$190M (≈ $137M) · ISIN AU0000050585

What is Betmakers Technology Group Ltd really worth?

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

What matters now

• The price sits above even our optimistic bull case (A$0.0700). The favourable scenario is already priced in.
• 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 but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 19, 2026.

How to read this chart

60‑month range A$0.0760 – A$1.38 · fair‑value band A$0.0500 – A$0.0700 · the A$0.2100 price screens above the A$0.0600 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 19, 2026.

Full chart & analysis →

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Analysis

Betmakers Technology Group Ltd (BET) currently trades at A$0.2100, while our model-based Fair Value estimate is A$0.0600, implying the stock looks roughly 250.0% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Asset-Based group reads highest at a median of A$0.0600 per share, and 0 of the 4 models we run sit above the A$0.2100 price. Bear case: the Dividend Discount group reads lowest at A$0.0200, and 4 of the 4 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Betmakers Technology Group Ltd generated revenue of A$89.8M at a net margin of −14.1%. Revenue grew 11.4% year over year. It earns a return on equity of −13.5%. The balance sheet holds a net cash position of A$28.8M. Fundamentals as of Aug 19, 2026

Our scenario range runs from A$0.0500 (bear case) to A$0.0700 (bull case); at A$0.2100, 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 about 16% below its 52-week high and 121% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −10% fair-value upside, at −71%, BET screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

Widest divergence: Asset-Based (A$0.0600) versus Dividend Discount (A$0.0200). Highest evidence: EV/EBITDA (67).

Key figures & financial health

Quality Score breakdown

About the company

Betmakers Technology Group Ltd, together with its subsidiaries, engages in the development and provision of software, data, and analytics products for the B2B wagering market in Australia, New Zealand, the United States, the United Kingdom, Europe, and internationally. It operates through Global Betting Services and Global Tote segments.

Full company description

Betmakers Technology Group Ltd, together with its subsidiaries, engages in the development and provision of software, data, and analytics products for the B2B wagering market in Australia, New Zealand, the United States, the United Kingdom, Europe, and internationally. It operates through Global Betting Services and Global Tote segments. The company also provides racing software, data, and analytical tools, including basic race data consisting of pricing, runners, and form; analytical tools to consume and leverage the data; and wagering tools, such as platforms and managed trading services. It assists racing bodies and rights holders in producing and distributing race content, including barrier technology, official price calculation, vision, and pricing distribution. In addition, the company offers tote software and integrations to facilitate tote liquidity and resulting. Betmakers Technology Group Ltd was incorporated in 2013 and is headquartered in Melbourne, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Betmakers Technology Group Ltd reported revenue of A$85.1M in FY2025 versus A$19.5M in FY2021, a compound +44.6%/yr. Reported net income was −A$26.4M in FY2025.

BET screens 250% overvalued. Compare with Flutter Entertainment plc →

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.

Valuation Multiples vs Gambling median · lower = cheaper

Strength profile in five axes (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: 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.

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