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Kambi Group PLC (KAMBI) Fair Value & Analysis

Consumer Cyclical · SE · Market cap 4.3B SEK

KG Kambi Group PLC KAMBI · ST
Pricekr 172.00
Fair Valuekr 61.94
Upside-64.0%
Quality63/100
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Strengths

Low debt · generates free cash flow

Risks

!Trades 178% ABOVE our fair value of kr 61.94
!Mixed Growth (revenue 5y +6.6 %/yr)
!Thin margins · 5.1% net margin
!Mixed vs. peers (6/14)
Mixed Growth (revenue 5y +6.6 %/yr)
Thin margins · 5.1% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/14)
Narrow moat 40/100
Evidence: High Range kr 42.83 – kr 77.16 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 13 days ago

Fair value updated Aug 13, 2026, revised from kr 61.99 to kr 61.94 (−0.1%) since Jul 12, 2026. Share price −4.9% over the past month.

A solid business, but trading 178% above our fair value.

What runs behind every stock

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

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What matters now

  • The price sits above even our optimistic bull case (kr 77.16). The favourable scenario is already priced in.
  • Solid but not exceptional quality (63/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (kr 42.83 to kr 77.16) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

kr 452.40 kr 85.85 Fair Value kr 61.94 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range kr 85.85 – kr 452.40 · fair‑value band kr 42.83 – kr 77.16 · the kr 172.00 price screens above the kr 61.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Kambi Group PLC (KAMBI) currently trades at kr 172.00, while our model-based Fair Value estimate is kr 61.94, implying the stock looks roughly 64.0% overvalued today. The Quality Score stands at 63/100 (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, Kambi Group PLC generated revenue of 164M SEK at a net margin of 5.1%. Revenue grew 4.9% year over year. It earns a return on equity of 5.0%. The balance sheet holds a net cash position of 27.9M SEK. Fundamentals as of Aug 13, 2026

Our scenario range runs from kr 42.83 (bear case) to kr 77.16 (bull case); at kr 172.00, 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 4% below its 52-week high and 74% 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 -64%, KAMBI 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.

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
Growth DCF kr 31.85 kr 42.90 kr 59.86 80
Residual Income kr 49.46 kr 49.36 kr 44.54 76
Rev-Margin DCF kr 39.29 kr 58.33 kr 81.64 74
All 26 models by family
DCF Models
FCF DCF kr 31.74 kr 43.45 kr 61.72 38
Owner Earnings kr 104.73 kr 163.28 kr 254.98 31
5Y Revenue Exit kr 39.29 kr 58.88 kr 85.03 39
5Y EBITDA Exit kr 126.07 kr 229.48 kr 356.98 41
5Y P/E Exit kr 47.39 kr 74.74 kr 105.17 38
10Y Revenue Exit kr 35.35 kr 52.64 kr 77.92 36
10Y EBITDA Exit kr 91.49 kr 171.59 kr 290.55 37
10Y P/E Exit kr 41.48 kr 63.69 kr 93.68 35
Earnings-Based
Graham-Dodd kr 19.15 kr 74.42 kr 101.01 54
Lynch FV kr 18.28 kr 26.05 kr 33.92 50
PEG = 1.0 kr 18.28 kr 26.05 kr 33.92 46
EPV kr 36.88 kr 40.60 kr 43.77 59
Dividend Discount
Gordon GGM kr 13.24 kr 26.37 kr 39.94 70
DDM Multi-Stage kr 13.24 kr 22.76 kr 27.91 61
Multiples
P/E Multiple kr 46.51 kr 61.94 kr 77.48 63
P/S Multiple kr 35.89 kr 47.93 kr 59.86 58
P/B Multiple kr 35.89 kr 47.93 kr 59.86 55
EV/EBIT kr 58.99 kr 74.09 kr 89.19 53
EV/EBITDA kr 193.48 kr 253.45 kr 313.42 54
EV/Revenue kr 44.21 kr 57.23 kr 70.37 43
Asset-Based
NCAV (Graham) kr 33.27 kr 44.65 kr 66.65 50
Growth DCF
Growth DCF kr 31.85 kr 42.90 kr 59.86 80
Rev-Margin DCF kr 39.29 kr 58.33 kr 81.64 74
Economic Profit
Residual Income kr 49.46 kr 49.36 kr 44.54 76
ROIC Compounder kr 36.88 kr 40.60 kr 43.77 72
Growth Earnings
Growth-Adj P/E kr 33.71 kr 48.15 kr 62.60 68

Widest divergence: DCF Models (kr 63.69) versus Dividend Discount (kr 22.76). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 53.1
P/S ratio 26.9 TTM
Net margin 5.1% TTM
Return on equity 5.0% TTM
Return on assets 4.4% TTM
Operating margin 10.0% TTM
More key figures
Profitability
EPS (TTM) kr 3.24
Growth
Revenue (TTM) 164M SEK TTM
Revenue growth (YoY) +4.9% 3y avg -0.8%
EPS growth (YoY) +218%
Balance sheet & cash flow
Free cash flow 3.8M SEK FY2025
Net cash 27.9M SEK FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 64 · Market factors (momentum, volatility) 70

Profitability 50
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 76
Distance to the 52-week high (market factor)
Net Issuance 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Kambi Group PLC reported revenue of kr 162M in FY2025 versus kr 162M in FY2021, a compound −0.1%/yr. Reported net income was kr 6.8M in FY2025, compounding −38.1%/yr from FY2021.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
162M SEK
Latest YoY
−8.2%
Avg. revenue growth/yr (3Y) 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.
−0.8%
Avg. revenue growth/yr (5Y) 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.
+6.6%
Avg. revenue growth/yr (12Y) 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.
+18.5%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−20.8% (-20.8 + 0.0)
Revenue −0.1%/yr
FY21 kr 162M
FY22 kr 166M
FY23 kr 173M
FY24 kr 176M
FY25 kr 162M
Net income −38.1%/yr
FY21 kr 46.4M
FY22 kr 26.5M
FY23 kr 14.9M
FY24 kr 15.4M
FY25 kr 6.8M
Character of growth · EPS growth decomposed (2014-2025) +9.0 % p.a.
Revenue per share +14.5 pp

of which total revenue +14.5 pp · buybacks/dilution +0.0 pp

EBIT margin −5.1 pp
Tax rate −0.4 pp
Residual (interest, one-offs) +0.0 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

KAMBI screens 64% overvalued. Compare with Flutter Entertainment plc →

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Cite: Fair Value Calculator (2026). "Kambi Group PLC Fair Value". https://www.fairvalue-calculator.com/stock/KAMBI

Peer Group

Gambling · 55 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 63 · Above median
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 5% · Below median
Return on assets 4% · Above median
Net margin (TTM) 5% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 5% · Above median
Dividend yield (TTM) 0.1% · Bottom 25%

Valuation Multiples vs Gambling median · lower = cheaper

P/E (TTM) 53.1× · Pricier than 75% of peers
P/B 2.81× · Pricier than median
P/S (TTM) 2.76× · Pricier than 75% of peers
P/FCF 118.8× · Pricier than 75% of peers
EV/EBITDA 19.0× · Pricier 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 29
FUTURE25 · sector 10
PAST20 · sector 27
HEALTH100 · sector 89
DIVIDEND2 · sector 50

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

Insider activity: 45/100

Values & ESG

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

Gambling

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10 more Gambling stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Rush Street Interactive, Inc RSI $26.05 $3.10 -88%
Super Group SGHC $13.95 $9.39 -33%
Light & Wonder, Inc LNWO $89.75 $77.19 -14%
Lottomatica Group LTMC €24.25 €16.45 -32%
Churchill Downs Incorporated CHDN $88.53 $88.74 +0%
FDJ United FDJ €22.33 €20.97 -6%
Brightstar Lottery PLC BRSL $11.31 $17.61 +56%

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Frequently asked questions

Is Kambi Group PLC (KAMBI) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of kr 61.94 versus a price of kr 172.00, about −64% (overvalued).
What is the fair value of KAMBI?
Our model-based fair value for Kambi Group PLC is kr 61.94 (as of Aug 13, 2026), built from audited fundamentals. The current price: kr 172.00.
What is the quality score of KAMBI?
Kambi Group PLC has a Quality Score of 63/100. 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 Kambi Group PLC (KAMBI)?
Kambi Group PLC reported trailing-twelve-month revenue of about 164M SEK (latest available figure, as of Aug 13, 2026).
What is the net profit margin of KAMBI?
The net profit margin of Kambi Group PLC is about 5.1%, meaning it keeps roughly 5.1% 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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