Kambi Group PLC (KAMBI) fair value: what the stock is really worth
As of Oct 9, 2026: fair value of Kambi Group PLC SEK 50.30, price SEK 164, upside -69.3%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range kr 85.85 – kr 452.40 · fair‑value band kr 36.49 – kr 65.40 · the kr 163.60 price screens above the kr 50.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Kambi Group plc provides sports betting technology and services to the betting and gaming industry in Europe, the Americas, and internationally. The company provides Odds Feed+, Managed Trading, Sportsbook Platform, Bet Builder, Esports, and Front-End products for betting and gaming.
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Kambi Group plc provides sports betting technology and services to the betting and gaming industry in Europe, the Americas, and internationally. The company provides Odds Feed+, Managed Trading, Sportsbook Platform, Bet Builder, Esports, and Front-End products for betting and gaming. It also offers eSports subscriptions; and front end-based development platform services. Kambi Group plc was incorporated in 2010 and is based in Birkirkara, Malta.
Stock analysis
Kambi Group PLC (KAMBI) currently trades at kr 163.60, while our model-based Fair Value estimate is kr 50.30, 69.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of kr 62.25 per share, and 2 of the 24 models we run sit above the kr 163.60 price.
Bear case: the Earnings-Based group reads lowest at kr 26.99, and 22 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: kr 36.49 (bear) to kr 65.40 (bull), the price of kr 163.60 sits above 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 64/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kambi Group PLC reported revenue of €162M in FY2025 versus €162M in FY2021, a compound −0.1%/yr. Reported net income was €6.8M in FY2025, compounding −38.1%/yr from FY2021.
Key figures
Market cap 4.4B SEK (≈ $438M) · P/E ratio 35.0 · P/S ratio 1.47 · EPS (TTM) kr 4.67 · Net margin 4.2% · Return on equity 7.0% · Return on assets (EBIT) 11.2% · Operating margin 13.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 33% fair-value upside, at −69%, KAMBI screens richer than that median.
Fair Value models
Bear kr 36.49Fair Value kr 50.30Bull kr 65.40
Price kr 163.60 · Upside -69.3%
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 3.63 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.
Highest evidence
FCF DCFkr 33.22kr 43.81kr 58.9781
Growth DCFkr 33.13kr 42.84kr 56.0980
Owner Earningskr 98.67kr 145.47kr 212.4576
All 24 models by family
DCF Models
FCF DCFkr 33.22kr 43.81kr 58.9781
Owner Earningskr 98.67kr 145.47kr 212.4576
5Y Revenue Exitkr 40.14kr 59.27kr 84.6372
5Y EBITDA Exitkr 124.11kr 224.17kr 347.3874
5Y P/E Exitkr 47.98kr 74.66kr 104.0971
10Y Revenue Exitkr 36.23kr 52.22kr 75.4567
10Y EBITDA Exitkr 87.01kr 159.66kr 267.2066
10Y P/E Exitkr 41.75kr 62.25kr 89.6464
Earnings-Based
Graham-Doddkr 19.82kr 77.02kr 104.4664
Lynch FVkr 18.90kr 26.99kr 35.0961
PEG = 1.0kr 18.90kr 26.99kr 35.0957
EPVkr 35.29kr 38.19kr 40.6074
Multiples
P/E Multiplekr 48.10kr 64.13kr 80.1663
P/S Multiplekr 37.17kr 49.56kr 61.9558
P/B Multiplekr 37.17kr 49.56kr 61.9555
EV/EBITkr 61.00kr 76.63kr 92.2766
EV/EBITDAkr 200.20kr 262.24kr 324.2867
EV/Revenuekr 45.70kr 59.26kr 72.8154
Asset-Based
NCAV (Graham)kr 34.47kr 46.19kr 68.9454
Growth DCF
Growth DCFkr 33.13kr 42.84kr 56.0980
Rev-Margin DCFkr 40.14kr 58.86kr 81.6773
Economic Profit
Residual Incomekr 48.60kr 47.18kr 48.2471
ROIC Compounderkr 35.29kr 38.19kr 40.6072
Growth Earnings
Growth-Adj P/Ekr 34.89kr 49.84kr 64.7967
P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.
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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.2%
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.
−0.8%
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.
+6.6%
Start year 2020 (pandemic). Over 10 years: +13.0% a year
Revenue growth 12 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.
+18.5%
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What shareholders gained per year (last 5 years) ⓘ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 5 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.
−20.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−20.8%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−20.8% vs 1.6%, slowing
Profit margin 2020 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.27% → 5%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+42.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+5.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +39.2% a year for the price and +3.0% for the forecasts.
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 · 45 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Above median
Fair Value upside−69.3% · Bottom 25%
Profitability
Return on equity (TTM)7.0% · Above median
Return on assets5.8% · Above median
Net margin (TTM)6.8% · Above median
Operating margin (TTM)13.6% · Above median
Growth and dividend
Revenue growth13.5% · Above median
Valuation Multiplesvs Gambling median · lower = cheaper
P/E (TTM)35.0× · Pricier than median
P/B2.72× · Pricier than median
P/S (TTM)2.59× · Priciest 25%
P/FCF114.8× · Priciest 25%
EV/EBITDA15.8× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 68
FUTURE (revenue growth)68· sector 33
PAST (return on equity)28· sector 26
HEALTH (low debt)100· sector 84
DIVIDEND (yield)0· sector 69
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Kambi Group PLC Fair Value". https://www.fairvalue-calculator.com/stock/KAMBI
Frequently asked questions
Is Kambi Group PLC (KAMBI) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of kr 50.30 versus a price of kr 163.60, about −69% upside (overvalued).
What is the fair value of KAMBI?
Our model-based fair value for Kambi Group PLC is kr 50.30 (as of Oct 2, 2026), built from audited fundamentals. The current price: kr 163.60.
What is the quality score of KAMBI?
Kambi Group PLC has a Quality Score of 64/100. 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 Kambi Group PLC (KAMBI)?
Our model-based price target is the fair value of kr 50.30 (as of Oct 2, 2026) from 24 valuation models. Cautious scenario kr 36.49, optimistic scenario kr 65.40. It is a calculation from audited fundamentals, not an analyst target.
What is the Kambi Group PLC stock forecast for 2026?
Our models put fair value at kr 50.30, about −69% upside versus a price of kr 163.60 (overvalued). Cautious scenario kr 36.49, optimistic scenario kr 65.40. The calculation is refreshed regularly with new filings.
What is the revenue of Kambi Group PLC (KAMBI)?
Kambi Group PLC reported trailing-twelve-month revenue of about €170M (latest available figure, as of Oct 2, 2026).
What growth is priced into Kambi Group PLC (KAMBI)?
For today's price to be fair in a discounted-cash-flow model, Kambi Group PLC would have to grow free cash flow by +42.2 % per year for five years (discount rate 10.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.6 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of KAMBI use?
Our models discount Kambi Group PLC at 10.5 %: a base by market capitalisation (small), damped by beta 0.82, 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 Kambi Group PLC that is +42.2 % per year a year over ten years, using the same discount rate (10.5 %) and the same formula as our fair value.
How much growth has Kambi Group PLC (KAMBI) delivered so far?
Over the past 5 years revenue at Kambi Group PLC grew +6.6 % a year. The price currently implies +42.2 % 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 Kambi Group PLC (KAMBI) growing?
The median revenue growth in the sector is +4.2 % a year. That is the yardstick for the growth priced into Kambi Group PLC (+42.2 % 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 Kambi Group PLC (KAMBI)?
The free-cash-flow yield on the price is 0.98 %: that much free cash flow Kambi Group PLC produces per unit of market value. When it exceeds the discount rate of our models (10.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Kambi Group PLC (KAMBI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kambi Group PLC it is kr 50.30 per share (as of Oct 2, 2026), against a price of kr 163.60. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Kambi Group PLC stock overvalued or undervalued in 2026?
As of Oct 2, 2026, KAMBI trades above its calculated fair value: price kr 163.60, fair value kr 50.30, a gap of about −69% (overvalued). 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 KAMBI?
No. The price is what the market pays today (kr 163.60); the fair value is what the company's own numbers justify (kr 50.30). For Kambi Group PLC the two are kr 113.30 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kambi Group PLC worth?
The market values Kambi Group PLC at about 4.4B SEK (market capitalisation, as of Oct 2, 2026). Per share that is kr 163.60; our models calculate a fair value of kr 50.30 per share.
What do the bullish and bearish scenarios say about KAMBI?
Our models span a range for Kambi Group PLC: cautious scenario kr 36.49, base kr 50.30, optimistic kr 65.40 per share (as of Oct 2, 2026, price kr 163.60). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KAMBI?
Kambi Group PLC trades at a price-to-earnings ratio of 35.0 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of kr 50.30 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 47.3 (reported for FY2025: 61.0). Other multiples: P/B 2.7, P/S 2.6, EV/EBITDA 15.8.
How solid is the balance sheet of Kambi Group PLC (KAMBI)?
Balance-sheet figures for Kambi Group PLC (as of Oct 2, 2026): return on equity 7.0%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is KAMBI from its 52-week high?
Kambi Group PLC trades at kr 163.60, about 12% below its 52-week high of kr 186.80 and 60% above the low of kr 102.20 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of kr 50.30 is for.
Which stocks are comparable to Kambi Group PLC?
From the same area (Consumer Cyclical) we also value Evolution AB, Flutter Entertainment plc, The Lottery Corporation, Lottomatica Group, 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 Kambi Group PLC stock attractive at the current price?
The data as of Oct 2, 2026: price kr 163.60, calculated fair value kr 50.30 (−69%), Quality Score 64/100, from 24 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 KAMBI calculated?
We run Kambi Group PLC through 24 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 50.30, 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 14.9 % above its aggregate fair value. Kambi Group 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 Kambi Group PLC (KAMBI)?
The closing price on Oct 9, 2026 was kr 163.60. Our model-based fair value is kr 50.30, about −69% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kambi Group PLC right now?
The price sits above even our optimistic bull case (kr 65.40). The favourable scenario is already priced in. Solid but not exceptional quality (64/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Kambi Group PLC (KAMBI) come from?
Earnings per share at Kambi Group PLC grew +9.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +14.5 %, EBIT margin −5.1 %, tax rate −0.4 %, residual (interest, one-offs) +0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Kambi Group PLC
How large is the market capitalisation of Kambi Group PLC (KAMBI)?
The market capitalisation of Kambi Group PLC is 4.4B SEK (≈ $438M). 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 Kambi Group PLC (KAMBI)?
The price-to-sales ratio of Kambi Group PLC is 1.47 (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 Kambi Group PLC (KAMBI)?
Earnings per share at Kambi Group PLC are kr 4.67 (price ÷ EPS = P/E 35.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kambi Group PLC (KAMBI)?
The net margin of Kambi Group PLC is 4.2% (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 Kambi Group PLC (KAMBI)?
The return on equity (ROE) of Kambi Group PLC is 7.0% (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 Kambi Group PLC (KAMBI)?
On an EBIT basis the return on assets of Kambi Group PLC is 11.2% (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 Kambi Group PLC (KAMBI)?
The operating margin of Kambi Group PLC is 13.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kambi Group PLC (KAMBI)?
Revenue at Kambi Group PLC is growing +13.5% versus a year earlier (3y avg −0.8%). 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 Kambi Group PLC (KAMBI)?
Earnings per share at Kambi Group PLC are growing +13.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kambi Group PLC (KAMBI) hold?
Kambi Group PLC holds more cash than debt, €27.9M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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