Evolution AB (publ)
Consumer Cyclical
EVO.ST:
Research
Buy by Alpha (25/06/2024)
Evolution is a B2B solution provider for live-casino's offering a real-time streaming platform. The company is valued less than 20x PE with >25% ROE on a strong balance sheet.
The current market price is 30% below ATH from beginning 2021. Since than earning per share improved from €2 to €5 per share. The valuation looks attractive for a long-term growth investment into a quality company.