Evolution AB (publ)
Consumer Cyclical
EVO.ST:
Research by ALPHA
Author: Alpha
- 915.20 -15.84% (20/12/2024)
- BUY
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 and 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.
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