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Betsson AB (BTSBF) Fair Value & Analysis

Consumer Cyclical · US · Market cap $2.2B

BA Betsson AB logo Betsson AB BTSBF · US
Price$16.00
Fair Value$33.50
Upside+109.4%
Quality72/100
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Healthy Growth
Solidly profitable · 12.9% net margin
Low debt · generates free cash flow
4.13% dividend yield
Ranks above peers (10/14)
Moderate moat 64/100
Evidence: High Range $24.00 – $48.21 Share as image

Fair value as of: Jul 24, 2026

From 24 valuation models · updated 17 days ago

A solid business, screening 109% undervalued on our models.

What matters now

  • The rarer combination: high quality (72/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case ($24.00). The market is more pessimistic than our downside scenario.
  • A fairly wide model range ($24.00 to $48.21) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

$16.74 $1.69 Fair Value $33.50 Apr 2021 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 24, 2026.

How to read this chart

60‑month range $1.69 – $16.74 · fair‑value band $24.00 – $48.21 · the $16.00 price screens below the $33.50 fair value. Dashed = 300-day average. As of Jul 24, 2026.

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Analysis

Betsson AB (BTSBF) currently trades at $16.00, while our model-based Fair Value estimate is $33.50, implying the stock looks roughly 109.4% undervalued today. The Quality Score stands at 72/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Betsson AB generated revenue of $1.2B at a net margin of 12.9%. Revenue declined 2.9% year over year. It earns a return on equity of 17.7%. Net debt stands at $1.8M. Fundamentals as of Jul 24, 2026

Our scenario range runs from $24.00 (bear case) to $48.21 (bull case); at $16.00, the current price sits below 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 4% below its 52-week high and 79% 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 109%, BTSBF screens cheaper 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.

Model BearBaseBull Evidence
Highest evidence
Growth DCF $17.36 $32.12 $53.99 80
Residual Income $9.35 $12.42 $48.12 76
Rev-Margin DCF $18.43 $33.08 $53.16 74
All 24 models by family
DCF Models
FCF DCF $17.76 $31.92 $60.91 38
Owner Earnings $20.21 $37.86 $69.73 31
5Y Revenue Exit $18.43 $33.70 $55.32 39
5Y EBITDA Exit $22.69 $42.98 $69.67 41
5Y P/E Exit $20.65 $38.53 $60.02 38
10Y Revenue Exit $17.45 $32.01 $56.17 36
10Y EBITDA Exit $20.89 $38.87 $68.57 37
10Y P/E Exit $19.53 $35.58 $60.23 35
Earnings-Based
Graham-Dodd $10.01 $55.53 $77.08 54
Lynch FV $15.50 $22.14 $28.78 50
PEG = 1.0 $15.50 $22.14 $28.78 46
EPV $16.24 $18.61 $20.66 59
Multiples
P/E Multiple $22.08 $29.44 $36.80 63
P/S Multiple $18.62 $24.83 $31.04 58
P/B Multiple $16.69 $22.26 $27.82 55
EV/EBIT $29.44 $38.84 $48.24 53
EV/EBITDA $26.51 $34.93 $43.35 54
EV/Revenue $18.62 $26.07 $33.52 43
Asset-Based
NCAV (Graham) $3.71 $4.97 $7.42 50
Growth DCF
Growth DCF $17.36 $32.12 $53.99 80
Rev-Margin DCF $18.43 $33.08 $53.16 74
Economic Profit
Residual Income $9.35 $12.42 $48.12 76
ROIC Compounder $18.79 $25.10 $33.33 72
Growth Earnings
Growth-Adj P/E $22.81 $32.59 $42.36 68

Widest divergence: DCF Models ($35.58) versus Asset-Based ($4.97). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) $1.2B
Revenue growth (YoY) -2.9%
Net margin 12.9%
Return on equity 17.7%
Free cash flow $151M FY2025
P/E ratio 9.8
More key figures
Operating margin 19.3%
EPS (TTM) $1.64
Dividend yield 4.1%
EPS growth (YoY) -47.1%
Net debt $1.8M FY2021

Figures from reported company fundamentals · as of Jul 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 72/100

Of which business quality 72 · Market factors (momentum, volatility) 61

Profitability 76
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 60
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

Betsson AB (publ) engages in the online gaming business worldwide. It offers casino games, sports betting, and other forms of gaming, such as poker and bingo. The company provides its products under the Betsson, Betsafe, Starcasino, Inkabet, betFirst, Nordicbet, Racebets, Rizk, and Jalla Casino brands.

Full company description

Betsson AB (publ) engages in the online gaming business worldwide. It offers casino games, sports betting, and other forms of gaming, such as poker and bingo. The company provides its products under the Betsson, Betsafe, Starcasino, Inkabet, betFirst, Nordicbet, Racebets, Rizk, and Jalla Casino brands. The company was formerly known as Cherryföretagen AB and changed its name to Betsson AB (publ) in July 2006. Betsson AB (publ) was incorporated in 1963 and is based in Stockholm, Sweden.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Betsson AB reported revenue of $1.2B in FY2025 versus $658M in FY2021, a compound +16.1%/yr. Reported net income was $177M in FY2025, compounding +13.6%/yr from FY2021.

Growth Quality 99/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
$1.2B
Latest YoY
+8.2%
Avg. growth/yr (3Y)
+15.5%
Avg. growth/yr (5Y)
+13.6%
Avg. growth/yr (7Y)
+12.4%
Revenue +16.1%/yr
FY21 $658M
FY22 $777M
FY23 $948M
FY24 $1.1B
FY25 $1.2B
Net income +13.6%/yr
FY21 $106M
FY22 $120M
FY23 $177M
FY24 $181M
FY25 $177M

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Cite: Fair Value Calculator (2026). "Betsson AB Fair Value". https://www.fairvalue-calculator.com/stock/BTSBF

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 72 · Top 25%
Fair Value upside +109% · Top 25%
Return on equity (TTM) 18% · Above median
Return on assets 11% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 19% · Above median
Revenue growth -3% · Bottom 25%
Dividend yield (TTM) 4.1% · Above median
Debt / equity 0.19× · Lower than median

Valuation Multiples vs Gambling median · lower = cheaper

P/E (TTM) 9.8× · Cheaper than 75% of peers
P/B 2.47× · Pricier than median
P/S (TTM) 1.86× · Pricier than median
P/FCF 14.7× · Pricier than median
EV/EBITDA 8.4× · Cheaper than median

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 100 · sector 29
FUTURE 0 · sector 9
PAST 71 · sector 26
HEALTH 90 · sector 89
DIVIDEND 83 · sector 66

Insider activity: 40/100

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.

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Frequently asked questions

Is Betsson AB (BTSBF) overvalued or undervalued?
As of Jul 24, 2026, our model estimates a fair value of $33.50 versus a price of $16.00, about +109% (undervalued).
What is the fair value of BTSBF?
Our model-based fair value for Betsson AB is $33.50 (as of Jul 24, 2026), built from audited fundamentals. The current price is $16.00.
What is the quality score of BTSBF?
Betsson AB has a Quality Score of 72/100. 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 Betsson AB (BTSBF)?
Betsson AB reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Jul 24, 2026).
What is the net profit margin of BTSBF?
The net profit margin of Betsson AB is about 12.9%, meaning it keeps roughly 12.9% of revenue as net income. Based on the latest reported figures.
Does Betsson AB pay a dividend?
Betsson AB currently shows a dividend yield of about 4.13% relative to its recent price (as of Jul 24, 2026).

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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