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Betsson

DB:V72G
Snowflake Description

Undervalued with excellent balance sheet and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
V72G
DB
SEK5B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Betsson AB (publ), through its subsidiaries, engages in the online gaming business primarily in the Nordic countries, Western Europe, Central and Easter Europe, Central Asia, and internationally. The last earnings update was 52 days ago. More info.


Add to Portfolio Compare Print
  • Betsson has significant price volatility in the past 3 months.
V72G Share Price and Events
7 Day Returns
14.2%
DB:V72G
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-50.6%
DB:V72G
-48.1%
DE Hospitality
-20.9%
DE Market
V72G Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Betsson (V72G) 14.2% -19.5% -16.6% -50.6% -57% -70.5%
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
  • V72G underperformed the Hospitality industry which returned -48.1% over the past year.
  • V72G underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
V72G
Industry
5yr Volatility vs Market

V72G Value

 Is Betsson 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 Betsson 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 Betsson.

DB:V72G 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 4.7%
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:V72G
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%) (20.19%))
0.936
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.94
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.936 * 5.44%)
4.7%

Discounted Cash Flow Calculation for DB:V72G using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Betsson 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:V72G DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (SEK, Millions) Source Present Value
Discounted (@ 4.7%)
2020 737.67 Analyst x3 704.52
2021 865.00 Analyst x3 789.02
2022 847.33 Analyst x3 738.17
2023 835.08 Est @ -1.45% 694.81
2024 825.64 Est @ -1.13% 656.09
2025 818.15 Est @ -0.91% 620.92
2026 811.99 Est @ -0.75% 588.56
2027 806.76 Est @ -0.64% 558.50
2028 802.18 Est @ -0.57% 530.38
2029 798.06 Est @ -0.51% 503.94
Present value of next 10 years cash flows SEK6,384.00
DB:V72G DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= SEK798.06 × (1 + -0.39%) ÷ (4.7% – -0.39%)
SEK15,603.99
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= SEK15,603.99 ÷ (1 + 4.7%)10
SEK9,853.30
DB:V72G Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= SEK6,384.00 + SEK9,853.30
SEK16,237.30
Equity Value per Share
(SEK)
= Total value / Shares Outstanding
= SEK16,237.30 / 136.65
SEK118.82
DB:V72G Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:V72G represents 0.08831x of OM:BETS B
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.08831x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (SEK) x Listing Adjustment Factor
= SEK 118.82 x 0.08831
€10.49
Value per share (EUR) From above. €10.49
Current discount Discount to share price of €3.43
= -1 x (€3.43 - €10.49) / €10.49
67.3%

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

Current Discount
Amount off the current price Betsson is available for.
Intrinsic value
>50%
Share price is €3.43 vs Future cash flow value of €10.49
Current Discount Checks
For Betsson to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Betsson's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Betsson's share price is below the future cash flow value, and 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 Betsson's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Betsson's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:V72G PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in SEK SEK5.69
OM:BETS B Share Price ** OM (2020-04-03) in SEK SEK38.84
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 Betsson.

DB:V72G PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OM:BETS B Share Price ÷ EPS (both in SEK)

= 38.84 ÷ 5.69

6.83x

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

  • Betsson is good value based on earnings compared to the DE Hospitality industry average.
  • Betsson is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Betsson's expected growth come at a high price?
Raw Data
DB:V72G PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.83x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
1.5%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:V72G PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.83x ÷ 1.5%

4.5x

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

  • Betsson is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Betsson's assets?
Raw Data
DB:V72G PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in SEK SEK35.39
OM:BETS B Share Price * OM (2020-04-03) in SEK SEK38.84
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:V72G PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OM:BETS B Share Price ÷ Book Value per Share (both in SEK)

= 38.84 ÷ 35.39

1.1x

* Primary Listing of Betsson.

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

  • Betsson is good value based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Betsson'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. Betsson has a total score of 5/6, 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.

V72G Future Performance

 How is Betsson 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
1.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Betsson expected to grow at an attractive rate?
  • Betsson's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Betsson's earnings growth is positive but not above the Germany market average.
  • Betsson's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:V72G Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:V72G Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 1.5%
DB:V72G Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 8.3%
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:V72G 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 SEK Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:V72G Future Estimates Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 6,613 1,241 824 4
2021-12-31 6,181 1,241 817 4
2020-12-31 5,614 1,181 803 4
2020-04-05
DB:V72G Past Financials Data
Date (Data in SEK Millions) Revenue Cash Flow Net Income *
2019-12-31 5,173 1,150 788
2019-09-30 5,320 1,202 896
2019-06-30 5,472 1,295 1,020
2019-03-31 5,540 1,176 1,119
2018-12-31 5,420 1,273 1,078
2018-09-30 5,240 1,263 963
2018-06-30 4,993 1,083 845
2018-03-31 4,824 1,054 760
2017-12-31 4,716 947 786
2017-09-30 4,579 1,000 831
2017-06-30 4,461 1,074 898
2017-03-31 4,219 1,043 858

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Betsson's earnings are expected to grow by 1.5% yearly, however this is not considered high growth (20% yearly).
  • Betsson's revenue is expected to grow by 8.3% 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:V72G 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 Betsson Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V72G Future Estimates Data
Date (Data in SEK Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 5.89 6.33 5.24 4.00
2021-12-31 5.85 6.06 5.54 4.00
2020-12-31 5.74 6.30 5.19 4.00
2020-04-05
DB:V72G Past Financials Data
Date (Data in SEK Millions) EPS *
2019-12-31 5.69
2019-09-30 6.48
2019-06-30 7.37
2019-03-31 8.09
2018-12-31 7.79
2018-09-30 6.95
2018-06-30 6.11
2018-03-31 5.49
2017-12-31 5.68
2017-09-30 6.01
2017-06-30 6.48
2017-03-31 6.20

*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.
  • Betsson is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Betsson'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.
Betsson has a total score of 2/6, 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.

V72G Past Performance

  How has Betsson 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 Betsson'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.
  • Betsson's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Betsson's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Betsson's 1-year earnings growth is negative, it can't be compared to the DE Hospitality industry average.
Earnings and Revenue History
Betsson'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 Betsson Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:V72G Past Revenue, Cash Flow and Net Income Data
Date (Data in SEK Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 5,173.00 787.50 2,390.10
2019-09-30 5,320.12 896.26 2,437.50
2019-06-30 5,471.72 1,019.56 2,488.50
2019-03-31 5,540.42 1,119.46 2,515.40
2018-12-31 5,419.82 1,078.06 2,549.50
2018-09-30 5,239.66 963.37 2,567.00
2018-06-30 4,993.46 845.37 2,563.80
2018-03-31 4,824.46 759.97 2,554.40
2017-12-31 4,716.46 786.47 2,475.40
2017-09-30 4,578.51 831.14 2,362.08
2017-06-30 4,461.21 898.24 2,276.08
2017-03-31 4,219.21 858.44 2,180.88
2016-12-31 4,117.31 878.04 2,118.58
2016-09-30 4,039.89 793.54 2,065.02
2016-06-30 3,949.49 786.34 1,997.92
2016-03-31 3,874.69 841.64 1,870.52
2015-12-31 3,721.99 831.74 1,771.62
2015-09-30 3,495.60 915.67 1,655.65
2015-06-30 3,304.80 862.07 1,551.55
2015-03-31 3,196.50 837.07 1,506.85
2014-12-31 3,035.10 770.67 1,436.35
2014-09-30 2,875.85 668.65 1,451.08
2014-06-30 2,697.15 616.15 1,429.68
2014-03-31 2,524.05 567.85 1,409.38
2013-12-31 2,476.75 562.05 1,460.08
2013-09-30 2,473.21 588.10 1,430.96
2013-06-30 2,399.41 560.30 1,391.46

*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.
  • Betsson has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Betsson used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Betsson's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Betsson'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.
Betsson has a total score of 2/6, 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.

V72G Health

 How is Betsson'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 Betsson's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Betsson is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Betsson's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Betsson'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 2.3x 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 Betsson Company Filings, last reported 3 months ago.

DB:V72G Past Debt and Equity Data
Date (Data in SEK Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 4,899.00 986.30 639.20
2019-09-30 4,837.70 1,438.30 960.40
2019-06-30 4,573.30 1,183.50 491.50
2019-03-31 4,914.80 1,086.50 619.10
2018-12-31 4,589.26 1,090.61 488.75
2018-09-30 4,289.60 1,420.40 604.40
2018-06-30 4,090.10 1,724.60 561.60
2018-03-31 4,123.70 1,406.00 446.20
2017-12-31 3,666.92 1,657.87 479.45
2017-09-30 3,389.30 1,812.40 437.00
2017-06-30 3,301.70 1,965.10 470.10
2017-03-31 3,746.80 1,584.00 874.40
2016-12-31 3,502.94 1,325.62 444.27
2016-09-30 3,343.30 1,258.90 522.30
2016-06-30 3,028.10 1,136.80 412.80
2016-03-31 3,412.10 676.70 456.50
2015-12-31 3,153.72 733.54 524.90
2015-09-30 3,087.20 962.80 516.20
2015-06-30 2,849.60 691.30 355.70
2015-03-31 3,233.50 510.80 533.70
2014-12-31 3,073.77 523.35 478.12
2014-09-30 2,734.10 505.00 493.60
2014-06-30 2,543.00 717.30 433.20
2014-03-31 2,727.20 698.00 666.20
2013-12-31 2,032.22 315.71 562.48
2013-09-30 1,827.80 306.30 417.80
2013-06-30 1,704.10 349.70 317.50
  • Betsson's level of debt (20.1%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (17% vs 20.1% today).
  • Debt is well covered by operating cash flow (116.6%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 16x coverage).
X
Financial health checks
We assess Betsson'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. Betsson 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.

V72G Dividends

 What is Betsson'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
7.31%
Current annual income from Betsson dividends. Estimated to be 7.48% next year.
If you bought €2,000 of Betsson shares you are expected to receive €146 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?
  • Betsson's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Betsson's dividend is above the markets top 25% of dividend payers in Germany (4.86%).
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:V72G 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:V72G Future Dividends Estimate Data
Date (Data in SEK) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 2.93 4.00
2021-12-31 2.92 4.00
2020-12-31 2.86 4.00
2020-04-05
DB:V72G Past Annualized Dividends Data
Date (Data in SEK) Dividend per share (annual) Avg. Yield (%)
2020-02-13 2.840 6.867
2019-04-15 3.890 7.719
2019-02-14 3.890 5.297
2018-04-24 2.840 4.135
2018-02-08 2.840 4.282
2017-04-19 4.760 6.809
2017-02-09 4.760 6.024
2016-04-07 4.510 5.056
2016-02-05 4.510 3.775
2015-03-27 3.980 2.977
2015-02-06 3.980 3.915
2014-04-17 3.053 3.667
2014-02-07 3.053 4.229
2013-04-17 3.153 5.097
2013-02-08 3.153 4.513
2012-04-27 3.140 4.843
2012-04-16 3.140 4.461
2012-02-10 3.140 4.934
2011-04-13 2.333 4.843
2011-02-11 2.333 5.286
2010-05-05 1.917 5.655
2010-02-11 1.917 4.763
2009-04-29 1.700 5.153

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Betsson's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well 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 Betsson'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 Betsson afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Betsson has a total score of 5/6, see the detailed checks below.


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

V72G Management

 What is the CEO of Betsson'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
Pontus Lindwall
COMPENSATION SEK9,731,000
AGE 54
TENURE AS CEO 4.8 years
CEO Bio

Mr. Pontus Lindwall has been Board Member at Infrea AB since 2014. Mr. Lindwall has been the Chief Executive Officer and President of Betsson AB since September 4, 2017. Mr. Lindwall serves as the Chief Executive Officer of Intact Technology Stockholm AB. Mr. Lindwall served as the Chief Executive Officer and President of Betsson AB from July 21, 2015 to February 29, 2016. Mr. Lindwall served as Chief Executive Officer and President of Betsson AB (formerly, Cherryföretagen AB) since 1998 until July 4, 2011. He joined Cherryföretagen AB in 1991. He founded Net Entertainment NE AB (alternate name Net Entertainment AB) in 1997 and served as its Chief Executive Officer until October 2006. Mr. Lindwall served as the Chairman of the Board of Betsson AB since March 1, 2016 until September 4, 2017 and previously served as its Executive Chairman from July 5, 2011 to July 20, 2015. He served as the Chairman of Net Entertainment AB and also served as its Director since 1996. He was a Director of Betsson AB since July 5, 2017 until 2018. He has been a Director of Net Entertainment NE AB since 2011 and Betsson AB since July 5, 2011. He serves as a Director of Establish AB, Aciago AB and Solporten Fastighets AB. He served as a Member of the Board at PortWise AB. Mr. Lindwall holds an Master of Engineering degree from the Royal Institute of Technology, Stockholm.

CEO Compensation
  • Pontus's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Pontus's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Betsson management team in years:

2.2
Average Tenure
52
Average Age
  • The tenure for the Betsson management team is about average.
Management Team

Pontus Lindwall

TITLE
CEO & President
COMPENSATION
SEK10M
AGE
54
TENURE
4.8 yrs

Jesper Svensson

TITLE
CEO of Betsson's operational Subsidiaries
COMPENSATION
SEK7M

Martin Öhman

TITLE
Chief Financial Officer
AGE
43
TENURE
0.6 yrs

Anna Ulinder

TITLE
Investor Relations Manager

Fredric Lundén

TITLE
Vice President of Governance
AGE
51
TENURE
2.6 yrs

Triin Toomemets-Krasnitski

TITLE
Vice President of Legal
AGE
42
TENURE
1.8 yrs

Lars-Gunnar Persson

TITLE
Head of Maritime Gaming and Acting Chief Executive Officer of Cherry Maritime Gaming AB
AGE
68

Per-Anders Persson

TITLE
Chief Executive Officer of Cherry Casino AB
AGE
60

Ulf Bergström

TITLE
Chief Executive Officer of Cherry Casino Syd Ab
AGE
53

Fredrik Nilsson

TITLE
Chief Financial Officer of Betsson Malta Ltd
AGE
46
Board of Directors Tenure

Average tenure and age of the Betsson board of directors in years:

2.6
Average Tenure
49
Average Age
  • The average tenure for the Betsson board of directors is less than 3 years, this suggests a new board.
Board of Directors

Patrick Svensk

TITLE
Chairman
COMPENSATION
SEK1M
AGE
53
TENURE
2.6 yrs

Fredrik Carlsson

TITLE
Independent Director
COMPENSATION
SEK542K
AGE
49
TENURE
2.7 yrs

Kicki Wallje-Lund

TITLE
Independent Director
COMPENSATION
SEK473K
AGE
66
TENURE
14.3 yrs

Jan Nord

TITLE
Independent Director
COMPENSATION
SEK478K
AGE
64
TENURE
5.3 yrs

Mathias Hedlund

TITLE
Independent Director
COMPENSATION
SEK295K
AGE
49
TENURE
1.9 yrs

Johan Lundberg

TITLE
Independent Director
COMPENSATION
SEK289K
AGE
42
TENURE
1.9 yrs

Eva Leach

TITLE
Independent Director
AGE
39
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Betsson individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
21. Mar 20 Buy Johan Lundberg Individual 20. Mar 20 20. Mar 20 2,000 €2.88 €5,763
18. Mar 20 Buy Pontus Lindwall Individual 17. Mar 20 18. Mar 20 200,000 €2.77 €527,324
18. Mar 20 Buy Patrick Svensk Individual 18. Mar 20 18. Mar 20 6,500 €2.61 €16,933
11. Mar 20 Buy Pontus Lindwall Individual 09. Mar 20 09. Mar 20 20,000 €4.15 €83,042
14. Feb 20 Buy Pontus Lindwall Individual 14. Feb 20 14. Feb 20 20,000 €4.90 €98,078
02. Sep 19 Buy Triin Toomemets-Krasnitski Individual 30. Aug 19 30. Aug 19 1,500 €4.48 €6,716
09. May 19 Buy Fredrik Carlsson Individual 09. May 19 09. May 19 8,000 €5.77 €46,151
X
Management checks
We assess Betsson'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. Betsson 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.

V72G News

Simply Wall St News

V72G Company Info

Description

Betsson AB (publ), through its subsidiaries, engages in the online gaming business primarily in the Nordic countries, Western Europe, Central and Easter Europe, Central Asia, and internationally. It offers poker, casino, sportsbook, Scratch cards, Bingo, and other games. The company serves its customers under Betsafe, Betsson, Casino DK, Casino Euro, Casino Winner, Europe-bet.com, Jackpot 247, Loyal Casino, Mr Smith, NordicBet, Norges Automaten, RaceBets, Star Casino, Suomiarvat, Supercasino.com, SverigeAutomaten, and Vernons brand names. It also offers systems solutions to other gaming operators. Betsson AB was founded in 1963 and is based in Stockholm, Sweden.

Details
Name: Betsson AB
V72G
Exchange: DB
Founded: 1963
SEK483,319,922
136,652,330
Website: http://www.betssonab.com
Address: Betsson AB
Regeringsgatan 28,
Stockholm,
Stockholm County, 111 53,
Sweden
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OM BETS B Class B Shares OMX Nordic Exchange Stockholm SE SEK 21. Jan 1998
OTCPK BSTB.F Class B Shares Pink Sheets LLC US USD 21. Jan 1998
DB V72G Class B Shares Deutsche Boerse AG DE EUR 21. Jan 1998
BST V72F Class B Shares Boerse-Stuttgart DE EUR 21. Jan 1998
LSE 0YCQ Class B Shares London Stock Exchange GB SEK 21. Jan 1998
OM BETS B SER'B'NPV (POST SPLIT) OMX Nordic Exchange Stockholm SE SEK 05. Apr 2020
DB V72E SER'B'NPV (POST SPLIT) Deutsche Boerse AG DE EUR 05. Apr 2020
Number of employees
Current staff
Staff numbers
1,588
Betsson employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 22:39
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2020/02/13
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.