Evolution AB (publ) (EVVTY) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 14.52 means the share price is 14.52 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $17.2B is the value of all shares combined. Beta 0.89: the stock has moved about 11% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerEvolution AB (publ) (EVVTY) trades at $90.21 with MoonshotScore 46/100 (Grade C). Evolution AB (publ) is a leading provider of live casino and slots solutions, operating primarily in Europe and the United States. Market cap: $17.2B, Sector: Consumer cyclical.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026EVVTY stock analysis for 2026: The stored analyst price target for Evolution AB (publ) is $57.00; its date is unknown, so no upside or downside is derived from it against the current price of $90.21. The AI MoonshotScore is 46/100, in the Fair band (45-64) — a research signal, not a recommendation. Key factors: analyst coverage, AI-driven quantitative scoring.
These figures come from statements filed 12 months ago — the most recent this company has published.
EVVTY: 2/3 scored disciplines lean bullish. Dominant signal: Izzy Englander bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Evolution AB (publ) (EVVTY) Consumer Business Overview
Evolution AB (publ) is a prominent developer and licensor of live casino and slots solutions, streaming real-time games from casino tables to online users. With a strong presence in Europe and the United States, the company distinguishes itself through its diverse portfolio of live table games and a high profit margin of 50.1%.
What Is the Investment Thesis for EVVTY?
The company's 50.1% profit margin and 100.0% gross margin highlight its operational efficiency. A dividend yield of 5.24% offers an attractive income stream for investors. Growth catalysts include expansion into new markets and the introduction of innovative gaming solutions. However, potential risks include increased regulatory scrutiny and competition within the online gambling sector. The company's beta of 0.89 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
EVVTY Key Highlights
Market Cap of $17.2B reflects substantial investor confidence in Evolution AB's market position.
- P/E ratio of 14.52 indicates a potentially undervalued stock compared to its earnings.
- Profit Margin of 50.1% demonstrates strong operational efficiency and profitability.
- Gross Margin of 100.0% showcases the company's ability to manage costs effectively.
- Dividend Yield of 5.24% provides an attractive income stream for investors.
Who Are EVVTY's Competitors?
EVVTY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| ACCYY Accor S.A. | $10.68 | -1.48% | $12.6B | — |
| ASEKY Aisin Corporation | $15.10 | +3.32% | $10.6B | 399-signal |
| CTTAF Continental AG | $82.00 | +3.10% | $16.4B | — |
| PTAIF PT Astra International Tbk | $0.27 | 0.00% | $10.8B | — |
| FLUT Flutter Entertainment plc | $98.68 | -0.65% | $17.1B | 435-pillar |
| GXYYY Galaxy Entertainment Group Limited | $20.22 | -3.48% | $17.7B | 489-signal |
| SCHYF Sands China Ltd. | $1.80 | 0.00% | $14.6B | 469-signal |
| DKNG DraftKings Inc. | $23.88 | +0.71% | $11.9B | 305-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.
What Are EVVTY's Key Strengths?
Strong market position in live casino solutions.
- High profit and gross margins.
- Diverse portfolio of live table games.
- Established relationships with gaming operators.
What Are EVVTY's Weaknesses?
Dependence on regulatory environment.
- Exposure to currency fluctuations.
- Limited presence in some emerging markets.
- Potential for technological disruption.
What Could Drive EVVTY Stock Higher?
EVVTY catalyst: Expansion into the United States market, driven by the increasing legalization of online gambling in various states.
- Launch of new and innovative live casino games, attracting new players and increasing revenue streams by Q4 2026.
- Strategic partnerships with major gaming operators, expanding market reach and customer base.
- Potential acquisitions of smaller gaming technology companies, enhancing product offerings and market share by Q2 2027.
- Continued investment in mobile gaming optimization, catering to the growing number of players who prefer to gamble on their smartphones and tablets.
What Are the Key Risks for EVVTY?
Inconsistent delivery — missed Wall Street EPS estimates in 4 of the last 8 reported quarters.
- Increased regulatory scrutiny and changes in licensing requirements could impact operations and profitability.
- Intense competition from other gaming providers may erode market share and pricing power.
- Economic downturns could reduce consumer spending on discretionary activities like gambling.
- Cybersecurity risks and data breaches could damage reputation and result in financial losses.
- Currency fluctuations could negatively impact revenue and profitability.
What Are the Growth Opportunities for EVVTY?
- Expansion into New Geographies: Evolution AB has the opportunity to expand its operations into new and emerging markets, particularly in Asia and Latin America. These regions present significant growth potential due to increasing internet penetration and a growing interest in online gambling. Successfully entering these markets could significantly increase Evolution's revenue and market share within the next 3-5 years.
- Development of Innovative Gaming Solutions: Investing in the development of new and innovative gaming solutions, such as virtual reality (VR) and augmented reality (AR) casino games, can attract a new generation of players and differentiate Evolution from its competitors. The market for VR/AR gaming is projected to reach $45 billion by 2030, offering a substantial growth opportunity.
- Strategic Acquisitions and Partnerships: Pursuing strategic acquisitions and partnerships with other gaming companies or technology providers can expand Evolution's product offerings and market reach. Acquiring companies with complementary technologies or established customer bases can accelerate growth and enhance Evolution's competitive position. These partnerships could materialize within the next 1-2 years.
- Increased Focus on Mobile Gaming: With the increasing prevalence of mobile devices, Evolution AB can further optimize its games for mobile platforms and develop mobile-first gaming experiences. This will cater to the growing number of players who prefer to gamble on their smartphones and tablets. The global mobile gaming market is expected to reach $150 billion by 2027, presenting a significant opportunity.
- Enhanced Regulatory Compliance and Security: Investing in enhanced regulatory compliance and security measures can build trust with players and operators, attracting more business and ensuring long-term sustainability. As the online gambling industry faces increasing regulatory scrutiny, demonstrating a commitment to compliance and security can provide a competitive advantage. This is an ongoing process with continuous improvements.
What Are EVVTY's Competitive Advantages?
- Proprietary Technology: Evolution AB's advanced streaming technology and gaming platforms provide a competitive advantage.
- Established Relationships: Strong relationships with gaming operators create a barrier to entry for new competitors.
- Brand Reputation: A well-established brand reputation for quality and innovation attracts both operators and players.
- Scalability: The ability to scale operations efficiently allows Evolution to handle increasing demand and expand into new markets.
What Does EVVTY Do?
Founded in 2006 and headquartered in Stockholm, Sweden, Evolution AB (publ), formerly known as Evolution Gaming Group AB (publ), has established itself as a key player in the online gambling industry. The company specializes in developing, producing, marketing, and licensing live casino and slots solutions to gaming operators across Europe and the United States. Evolution's core offering revolves around streaming live casino games directly from casino gaming tables to end-users' devices. This allows players to participate in real-time games such as Live Roulette, Blackjack, Baccarat, Super Sic Bo, Dragon Tiger, Craps, Live Casino Hold'em, Three Card Poker, and Ultimate Texas Hold'em. Evolution operates approximately 1000 tables, providing a wide range of gaming options. The company's technology enables users to make betting decisions on various devices, including computers, smartphones, and tablets, enhancing accessibility and convenience. Evolution's commitment to innovation and quality has solidified its position in the competitive online gaming market, catering to both established and emerging gaming operators.
What Products and Services Does EVVTY Offer?
- Develops and produces live casino solutions.
- Markets and licenses live casino games to gaming operators.
- Streams live casino games from casino gaming tables in real-time.
- Offers a portfolio of online live table games, including Roulette, Blackjack, and Baccarat.
- Provides gaming solutions accessible on computers, smartphones, and tablets.
- Operates approximately 1000 live casino tables.
How Does EVVTY Make Money?
- Licenses live casino and slots solutions to gaming operators.
- Generates revenue from fees charged to operators based on usage and volume.
- Offers a diverse portfolio of games to attract a wide range of operators.
- Focuses on innovation and technology to maintain a competitive edge.
What Industry Does EVVTY Operate In?
Evolution AB operates in the rapidly growing online gambling industry. The market is characterized by increasing demand for live casino experiences and technological advancements. The industry is competitive, with key players like ACCYY (Aristocrat Leisure), ASEKY (Ainsworth Game Technology), CTTAF (Century Casinos), CTTAY (Century Casinos), and PTAIF (Playtech) vying for market share. Evolution's focus on live casino solutions and its expansion into the US market position it well to capitalize on industry growth.
Who Are EVVTY's Key Customers?
- Online gaming operators.
- Casino operators.
- Gaming platforms.
- End-users who play live casino games.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● Covered by analysts
- ● Reported in EUR, converted to USD
Why 46?
This rating comes from our nine-signal model, which produces a score but not a per-factor breakdown. The sector-relative five-pillar model, which explains its own contributions, does not cover this listing yet. How the score is built →
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 46 |
| 2026-08-26 | 46 |
| 2026-08-29 | 46 |
| 2026-09-01 | 46 |
| 2026-09-04 | 46 |
| 2026-09-07 | 46 |
| 2026-09-10 | 46 |
What changed?
The score has stayed at 46.
Over the same 18 days the stock moved +3.0%.
Company Profile
Evolution AB (publ) operates in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector. It is headquartered in Stockholm, SE. The company is led by CEO Martin Olof Carlesund. EVVTY has traded publicly since 2016.
Evolution AB (publ) Financial Trajectory
Evolution AB (publ) (EVVTY) reported $600.8M in revenue for Q2 FY2026, reflecting 0.9% growth compared to the prior quarter. The company recorded net income of $291.7M, with diluted EPS of $1.48. Quarter-over-quarter revenue has been mixed, typical for a large-cap company operating in Consumer Cyclical. Across the four most recent quarters, EVVTY averaged $1.54 in diluted EPS.
How Evolution AB (publ) Is Valued
Evolution AB (publ) carries a market capitalization of $17.2B, placing it in the large-cap category. Relative to its peer group, EVVTY's quantitative score of 46/100 is roughly in line with the peer average of 41/100.
Key Financial Metrics
Return on equity for Evolution AB (publ) stands at 26.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 18.1%, showing how much profit it generates from its asset base. EVVTY trades at a trailing price-to-earnings ratio of 14.52, below the Consumer Cyclical sector average of ~32.70x. Its free cash flow yield is 9.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.77 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 9.0%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Evolution AB (publ)'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 8.97 places it in the safe zone, indicating low near-term bankruptcy risk.
Earnings Track Record
Evolution AB (publ) has missed Wall Street's EPS estimate in 4 of its last 8 reported quarters — a mixed record worth weighing. Reported results have landed about 7.8% above estimates on average.
EVVTY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Strong market position in live casino solutions.
- High profit and gross margins.
- Diverse portfolio of live table games.
- Established relationships with gaming operators.
Bear Case
- Dependence on regulatory environment.
- Exposure to currency fluctuations.
- Limited presence in some emerging markets.
- Potential for technological disruption.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $601M | $292M | $1.48 |
| Q1 FY2026 | $595M | $292M | $1.47 |
| Q4 FY2025 | $657M | $356M | $1.78 |
| Q3 FY2025 | $588M | $293M | $1.45 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from EUR at today's rate
EVVTY Latest News
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Evolution AB: A Debt-Free, High-Margin Compounder Still Trading At A Discount
seekingalpha.com · Aug 1, 2026
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Evolution AB (publ) (EVVTY) Q2 2026 Earnings Call Transcript
seekingalpha.com · Jul 17, 2026
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Stocks That Hit 52-Week Highs On Wednesday
· Feb 19, 2020
EVVTY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for EVVTY.
Price Targets
Consensus target: $57.00
EVVTY MoonshotScore
What does this score mean?
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. EVVTY scores 46/100 (Grade C): the number comes from the legacy nine-factor engine (quantitative signals from revenue growth to news sentiment), written once, not refreshed.
Leadership: Martin Carlesund
CEO
Martin Carlesund serves as the CEO of Evolution AB, leading a workforce of 16,368 employees. His career background includes extensive experience in the gaming and technology sectors. Before joining Evolution, he held various leadership positions in technology-driven companies, focusing on strategic development and operational efficiency. Carlesund's expertise lies in driving growth and innovation within the online gaming industry.
Track Record: Under Martin Carlesund's leadership, Evolution AB has experienced significant growth and expansion. He has overseen the successful integration of acquired companies and the launch of innovative gaming solutions. Carlesund has also played a key role in navigating regulatory challenges and expanding Evolution's presence in new markets, contributing to the company's strong financial performance and market leadership.
Evolution AB (publ) ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate representing shares of a foreign company trading on U.S. stock exchanges. EVVTY, as an ADR, allows U.S. investors to invest in Evolution AB without the complexities of cross-border transactions. Each EVVTY ADR represents a specific number of Evolution AB's shares traded on its home market.
- Home Market Ticker: Nasdaq Stockholm, Sweden
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: EVVT
EVVTY OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Evolution AB (EVVTY) may have limited financial disclosure and regulatory oversight compared to companies listed on major exchanges like NYSE or NASDAQ. Companies on this tier may not meet the minimum listing requirements of higher-tier exchanges, potentially increasing investment risk. This is in contrast to listed companies which have rigorous reporting requirements.
- OTC Tier: OTC Other
- Limited Financial Disclosure: The lack of comprehensive financial reporting increases the risk of investing in EVVTY.
- Lower Liquidity: Reduced trading volume and wider bid-ask spreads can make it difficult to buy or sell shares.
- Regulatory Uncertainty: The OTC Other tier has less regulatory oversight, increasing the potential for fraud or mismanagement.
- Price Volatility: Lower liquidity and less regulatory scrutiny can lead to increased price volatility.
- Information Asymmetry: Limited access to information can create an uneven playing field for investors.
- Verify the company's registration and legal status.
- Review available financial statements and audit reports.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Evaluate the company's compliance with relevant regulations.
- Monitor news and public information about the company.
- Consult with a qualified financial advisor.
- Established Business Operations: Evolution AB has been operating since 2006, indicating a track record in the industry.
- Presence in Regulated Markets: The company operates in regulated markets in Europe and the United States.
- Partnerships with Reputable Operators: Evolution AB partners with well-known gaming operators.
- Positive Industry Recognition: The company has received industry awards and recognition for its products and services.
- Audited Financial Statements: Verify if the company provides independently audited financial statements.
EVVTY Consumer Cyclical Stock FAQ
What does the AI Score mean for EVVTY?
EVVTY holds an AI Score of 46/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. The number comes from the legacy nine-factor engine (quantitative signals from revenue growth to news sentiment), written once, not refreshed.
Is EVVTY a good stock?
Stock Expert AI does not rate EVVTY buy, sell or hold. Evolution AB (publ) carries a MoonshotScore of 46/100 on the legacy nine-factor engine, a research rating against its peers. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What is EVVTY's dividend and shareholder return track record?
Evolution AB (publ) offers a dividend yield of 5.24%, providing an attractive income stream for investors. The company's dividend growth history reflects its commitment to returning value to shareholders. Evolution AB (publ) does not currently have a share buyback program.
What are the key factors to evaluate for EVVTY?
Evolution AB (publ) (EVVTY) holds a MoonshotScore of 46/100 (low). P/E: 14.52x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does EVVTY data refresh on this page?
EVVTY's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven EVVTY's recent stock price performance?
Evolution AB (publ) (EVVTY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Strong market position in live casino solutions. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider EVVTY overvalued or undervalued right now?
Evolution AB (publ) (EVVTY) trades at 14.52x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of EVVTY?
Yes, most major brokerages offer fractional shares of Evolution AB (publ) (EVVTY) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track EVVTY's earnings and financial reports?
Evolution AB (publ) (EVVTY) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for EVVTY earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.