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Evolution Gaming Group

DB:E3G1
Snowflake Description

Outstanding track record with high growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
E3G1
DB
SEK61B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Evolution Gaming Group AB (publ) develops, produces, markets, and licenses live casino solutions to gaming operators primarily in Europe and the United States. The last earnings update was 13 days ago. More info.


Add to Portfolio Compare Print
  • Evolution Gaming Group has significant price volatility in the past 3 months.
E3G1 Share Price and Events
7 Day Returns
1.8%
DB:E3G1
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
114.9%
DB:E3G1
-48.1%
DE Hospitality
-20.9%
DE Market
E3G1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Evolution Gaming Group (E3G1) 1.8% -9.8% 13.4% 114.9% 350.7% -
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • E3G1 outperformed the Hospitality industry which returned -48.1% over the past year.
  • E3G1 outperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
E3G1
Industry
5yr Volatility vs Market
Related Companies

E3G1 Value

 Is Evolution Gaming Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Evolution Gaming Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Evolution Gaming Group.

DB:E3G1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.3%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:E3G1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 22%) (0.45%))
0.856
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.86
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.856 * 5.44%)
4.27%

Discounted Cash Flow Calculation for DB:E3G1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Evolution Gaming Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:E3G1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (EUR, Millions) Source Present Value
Discounted (@ 4.27%)
2020 171.67 Analyst x3 164.64
2021 211.33 Analyst x3 194.40
2022 243.33 Analyst x3 214.67
2023 265.12 Est @ 8.95% 224.33
2024 281.43 Est @ 6.15% 228.38
2025 293.21 Est @ 4.19% 228.21
2026 301.47 Est @ 2.81% 225.04
2027 307.05 Est @ 1.85% 219.83
2028 310.68 Est @ 1.18% 213.33
2029 312.88 Est @ 0.71% 206.05
Present value of next 10 years cash flows €2,118.00
DB:E3G1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= €312.88 × (1 + -0.39%) ÷ (4.27% – -0.39%)
€6,694.48
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= €6,694.48 ÷ (1 + 4.27%)10
€4,408.70
DB:E3G1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= €2,118.00 + €4,408.70
€6,526.70
Equity Value per Share
(EUR)
= Total value / Shares Outstanding
= €6,526.70 / 181.62
€35.94
DB:E3G1 Discount to Share Price
Calculation Result
Exchange Rate EUR/SEK
(Reporting currency to currency of OM:EVO)
10.981
Value per Share
(SEK)
= Value per Share in EUR x Exchange Rate (EUR/SEK)
= €35.94 x 10.981
SEK394.63
Non-primary Listing Adjustment Factor 1 share in DB:E3G1 represents 0.09006x of OM:EVO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.09006x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 394.63 x 0.09006
€35.54
Value per share (EUR) From above. €35.54
Current discount Discount to share price of €30.45
= -1 x (€30.45 - €35.54) / €35.54
14.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Evolution Gaming Group is available for.
Intrinsic value
14%
Share price is €30.45 vs Future cash flow value of €35.54
Current Discount Checks
For Evolution Gaming Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Evolution Gaming Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Evolution Gaming Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Evolution Gaming Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Evolution Gaming Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:E3G1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in EUR €0.83
OM:EVO Share Price ** OM (2020-04-03) in SEK SEK338.1
OM:EVO Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.091 €30.79
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Evolution Gaming Group.

DB:E3G1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:EVO Share Price ÷ EPS (both in EUR)

= 30.79 ÷ 0.83

37.17x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Gaming Group is overvalued based on earnings compared to the DE Hospitality industry average.
  • Evolution Gaming Group is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Evolution Gaming Group's expected growth come at a high price?
Raw Data
DB:E3G1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.17x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
20.1%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:E3G1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 37.17x ÷ 20.1%

1.85x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Gaming Group is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Evolution Gaming Group's assets?
Raw Data
DB:E3G1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in EUR €1.55
OM:EVO Share Price * OM (2020-04-03) in SEK SEK338.1
OM:EVO Share Price converted to EUR reporting currency Exchange rate (SEK/ EUR) 0.091 €30.79
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:E3G1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:EVO Share Price ÷ Book Value per Share (both in EUR)

= 30.79 ÷ 1.55

19.91x

* Primary Listing of Evolution Gaming Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Evolution Gaming Group is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Evolution Gaming Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Evolution Gaming Group has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

E3G1 Future Performance

 How is Evolution Gaming Group expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
20.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Evolution Gaming Group expected to grow at an attractive rate?
  • Evolution Gaming Group's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Evolution Gaming Group's earnings growth is expected to exceed the Germany market average.
  • Evolution Gaming Group's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:E3G1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:E3G1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 20.1%
DB:E3G1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 19.2%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:E3G1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in EUR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:E3G1 Future Estimates Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 666 312 281 4
2021-12-31 575 271 242 4
2020-12-31 477 224 198 4
2020-04-06
DB:E3G1 Past Financials Data
Date (Data in EUR Millions) Revenue Cash Flow Net Income *
2019-12-31 366 176 150
2019-09-30 330 148 128
2019-06-30 300 138 110
2019-03-31 273 129 96
2018-12-31 245 100 83
2018-09-30 226 91 76
2018-06-30 207 76 71
2018-03-31 190 65 66
2017-12-31 178 62 62
2017-09-30 162 57 53
2017-06-30 146 49 44
2017-03-31 130 45 37

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Evolution Gaming Group's earnings are expected to grow significantly at over 20% yearly.
  • Evolution Gaming Group's revenue is expected to grow by 19.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:E3G1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Evolution Gaming Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E3G1 Future Estimates Data
Date (Data in EUR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 1.55 1.78 1.33 4.00
2021-12-31 1.33 1.46 1.19 4.00
2020-12-31 1.09 1.14 1.02 4.00
2020-04-06
DB:E3G1 Past Financials Data
Date (Data in EUR Millions) EPS *
2019-12-31 0.83
2019-09-30 0.71
2019-06-30 0.61
2019-03-31 0.53
2018-12-31 0.46
2018-09-30 0.42
2018-06-30 0.40
2018-03-31 0.37
2017-12-31 0.35
2017-09-30 0.30
2017-06-30 0.24
2017-03-31 0.20

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Evolution Gaming Group is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Evolution Gaming Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Evolution Gaming Group has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

E3G1 Past Performance

  How has Evolution Gaming Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Evolution Gaming Group's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Evolution Gaming Group has delivered over 20% year on year earnings growth in the past 5 years.
  • Evolution Gaming Group's 1-year earnings growth exceeds its 5-year average (79.4% vs 44.2%)
  • Evolution Gaming Group's earnings growth has exceeded the DE Hospitality industry average in the past year (79.4% vs -36.8%).
Earnings and Revenue History
Evolution Gaming Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Evolution Gaming Group Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:E3G1 Past Revenue, Cash Flow and Net Income Data
Date (Data in EUR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 365.75 149.73 126.42
2019-09-30 329.98 128.42 120.12
2019-06-30 299.60 109.88 112.07
2019-03-31 273.12 95.52 105.86
2018-12-31 245.42 83.46 97.67
2018-09-30 225.91 75.96 90.75
2018-06-30 207.25 71.45 83.24
2018-03-31 190.29 65.91 76.61
2017-12-31 178.39 62.13 72.12
2017-09-30 161.99 53.14 68.08
2017-06-30 145.51 43.84 63.55
2017-03-31 130.36 36.84 58.58
2016-12-31 115.46 31.74 53.22
2016-09-30 103.94 29.64 48.48
2016-06-30 94.55 28.00 43.76
2016-03-31 85.53 26.28 38.92
2015-12-31 76.36 20.03 34.85
2015-09-30 67.36 16.92 29.92
2015-06-30 59.99 14.38 26.91
2015-03-31 53.39 11.40 24.93
2014-12-31 48.53 12.10 23.69
2013-12-31 38.77 7.17 22.23

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Evolution Gaming Group made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Evolution Gaming Group used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Evolution Gaming Group has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Evolution Gaming Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Evolution Gaming Group has a total score of 6/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

E3G1 Health

 How is Evolution Gaming Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Evolution Gaming Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Evolution Gaming Group is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Evolution Gaming Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Evolution Gaming Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 58.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Evolution Gaming Group Company Filings, last reported 3 months ago.

DB:E3G1 Past Debt and Equity Data
Date (Data in EUR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 280.90 5.62 182.52
2019-09-30 234.40 5.86 141.11
2019-06-30 182.12 6.09 88.68
2019-03-31 190.94 6.33 103.73
2018-12-31 162.27 6.57 84.95
2018-09-30 136.58 6.94 63.55
2018-06-30 114.50 7.18 37.16
2018-03-31 126.49 7.42 52.08
2017-12-31 109.88 7.64 49.27
2017-09-30 91.86 7.88 38.80
2017-06-30 75.07 8.11 28.35
2017-03-31 76.64 8.29 34.12
2016-12-31 63.90 8.57 26.19
2016-09-30 54.80 8.77 17.80
2016-06-30 47.41 9.02 14.78
2016-03-31 51.36 9.18 19.92
2015-12-31 43.81 0.00 19.93
2015-09-30 36.86 0.00 15.67
2015-06-30 31.12 0.00 11.37
2015-03-31 25.20 0.00 10.79
2014-12-31 23.72 0.00 8.30
2013-12-31 14.05 3.00 5.60
  • Evolution Gaming Group's level of debt (2%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Evolution Gaming Group's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (3128.4%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 910.2x coverage).
X
Financial health checks
We assess Evolution Gaming Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Evolution Gaming Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

E3G1 Dividends

 What is Evolution Gaming Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.36%
Current annual income from Evolution Gaming Group dividends. Estimated to be 2.05% next year.
If you bought €2,000 of Evolution Gaming Group shares you are expected to receive €27 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Evolution Gaming Group's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Evolution Gaming Group's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Upcoming dividend payment

Purchase Evolution Gaming Group before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:E3G1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:E3G1 Future Dividends Estimate Data
Date (Data in €) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.75 4.00
2021-12-31 0.63 4.00
2020-12-31 0.51 4.00
2020-04-06
DB:E3G1 Past Annualized Dividends Data
Date (Data in €) Dividend per share (annual) Avg. Yield (%)
2020-03-24 0.420 1.441
2019-03-27 0.240 1.175
2018-04-20 0.180 1.552
2017-03-22 0.090 0.902
2016-04-28 0.064 1.126
2015-10-23 0.000 0.000
2015-08-27 0.000 0.000
2015-05-06 0.000 0.000
2015-04-14 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Evolution Gaming Group has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Evolution Gaming Group only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of Evolution Gaming Group's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2x coverage).
X
Income/ dividend checks
We assess Evolution Gaming Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Evolution Gaming Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Evolution Gaming Group has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

E3G1 Management

 What is the CEO of Evolution Gaming Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Martin Carlesund
COMPENSATION €816,000
AGE 49
TENURE AS CEO 3.4 years
CEO Bio

Mr. Martin Carlesund has been the Chief Executive Officer of Highlight Media Holdings Ltd. since 2009. Mr. Carlesund has been the Chief Executive Officer of Evolution Gaming Group AB since November 1, 2016. Mr. Carlesund served as President of Evolution Malta at Evolution Gaming Group AB (publ). He served as Chief Executive Officer of Evolution Malta at Evolution Gaming Group AB since 2015. Mr. Carlesund served as Acting President/President of Eniro Finland Oy, a unit of Eniro AB. He served as President of Eniro Sweden at Eniro AB. He served as Chief Executive Officer of Eniro Sweden and Eniro Finland. He served as Head of Business Projects of Eniro AB since 2006 and also served as its Head of Eniro Sweden. He served as President of Eniro Sverige, President of Eniro Sverige Online AB and President of Eniro Gula Sidorna AB at Eniro AB. He served as President and Chief Executive Officer of 3L System AB. Mr. Carlesund held multiple Chief Executive Officer and Group management positions in public and private equity companies such as Nilörngruppen and TeleMediaNederland B.V., Calmon UK Ltd. He served as Chairman of 24 Mobile Advertising Solutions AB. He serves as a board member of Highlight Media Group Ltd. He serves as a Member of the Board of Directors at Spray Passagen Internet AB. Mr. Carlesund obtained an M.Sc. in Economics and Business Administration from the University College of Borås (HIB) and University of Gothenburg.

CEO Compensation
  • Martin's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Martin's remuneration is lower than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Evolution Gaming Group management team in years:

4.3
Average Tenure
47
Average Age
  • The tenure for the Evolution Gaming Group management team is about average.
Management Team

Jens von Bahr

TITLE
Co-Founder
COMPENSATION
€414K
AGE
48

Martin Carlesund

TITLE
Group Chief Executive Officer
COMPENSATION
€816K
AGE
49
TENURE
3.4 yrs

Fredrik Österberg

TITLE
Co-Founder & Director
COMPENSATION
€353K
AGE
49

Richard Hadida

TITLE
Co-Founder and Creative Director of Group

Jacob Kaplan

TITLE
Chief Financial Officer
AGE
46
TENURE
3.3 yrs

Svante Liljevall

TITLE
Chief Operating Officer
TENURE
12.3 yrs

David Craelius

TITLE
Chief Technology Officer
AGE
45
TENURE
4.3 yrs

Amy Riches

TITLE
Head of Marketing

Louise Wivén-Nilsson

TITLE
Chief Human Resources Officer
AGE
47

Todd Haushalter

TITLE
Chief Product Officer & Games Operations
AGE
41
TENURE
4.6 yrs
Board of Directors Tenure

Average tenure and age of the Evolution Gaming Group board of directors in years:

5.3
Average Tenure
52.5
Average Age
  • The tenure for the Evolution Gaming Group board of directors is about average.
Board of Directors

Jens von Bahr

TITLE
Co-Founder
COMPENSATION
€414K
AGE
48
TENURE
3.4 yrs

Fredrik Österberg

TITLE
Co-Founder & Director
COMPENSATION
€353K
AGE
49
TENURE
5.3 yrs

Joel Citron

TITLE
Independent Director
COMPENSATION
€10K
AGE
57
TENURE
5.3 yrs

Ian Livingstone

TITLE
Independent Director
COMPENSATION
€10K
AGE
57
TENURE
5.3 yrs

Jonas Engwall

TITLE
Independent Director
COMPENSATION
€10K
AGE
49
TENURE
5.3 yrs

Cecilia Lager

TITLE
Independent Director
COMPENSATION
€30K
AGE
56
TENURE
3.3 yrs
Who owns this company?
Recent Insider Trading
  • Evolution Gaming Group individual insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 20 Sell Sebastian Johannisson Individual 17. Mar 20 17. Mar 20 -200,000 €29.23 €-5,846,845
02. Mar 20 Buy Johan Nordstrom Individual 02. Mar 20 02. Mar 20 5,857 €34.00 €199,134
21. Aug 19 Sell Todd Haushalter Individual 05. Aug 19 06. Aug 19 -94,245 €18.38 €-1,714,974
X
Management checks
We assess Evolution Gaming Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Evolution Gaming Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

E3G1 News

Simply Wall St News

E3G1 Company Info

Description

Evolution Gaming Group AB (publ) develops, produces, markets, and licenses live casino solutions to gaming operators primarily in Europe and the United States. The company runs the game from a casino table, which is streamed in real time and end users make betting decisions on their devices, such as desktops, smartphones, tablets, etc. It also runs on-premise studios at land-based casinos in Belgium, Romania, the United Kingdom, and Spain. The company’s portfolio of games primarily includes Live Roulette, Live Lighting Roulette, Live Dream Catcher, Monopoly Live, Live Blackjack, Live Infinite Balckjack, Live Baccarat, Live Dragon Tiger, Live Super Sic Bo, Live Football Studio, Live Casino Hold’em, Live Three Card Poker, Live Caribbean Stud Poker, Live Ultimate Texas Hold’em, and Live Texas Hold’em Bonus Poker. It operates approximately 550 tables. The company was founded in 2006 and is headquartered in Stockholm, Sweden.

Details
Name: Evolution Gaming Group AB (publ)
E3G1
Exchange: DB
Founded: 2006
SEK5,591,827,847
181,622,725
Website: http://www.evolutiongaming.com
Address: Evolution Gaming Group AB (publ)
Hamngatan 11,
Stockholm,
Stockholm County, 111 47,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM EVO Common Shares OMX Nordic Exchange Stockholm SE SEK 20. Mar 2015
OTCPK EVGG.F Common Shares Pink Sheets LLC US USD 20. Mar 2015
DB E3G1 Common Shares Deutsche Boerse AG DE EUR 20. Mar 2015
LSE 0RQ6 Common Shares London Stock Exchange GB SEK 20. Mar 2015
OTCPK EVVT.Y ADR Pink Sheets LLC US USD 31. Aug 2016
Number of employees
Current staff
Staff numbers
5,554
Evolution Gaming Group employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 00:13
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/03/24
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.