The Bid & Ask

Quotations, Dispatches, and the Daily Tape

Thursday, August 13, 2026

Subject of the day

EVO.ST

Concerning the House

Evolution AB (publ) develops, produces, markets, and licenses live casino and slots solutions to gaming operators in Europe, Asia, North America, Latin America, and internationally. It offers casino and live games shows under the Evolution and Ezugi brands; online casino under the NetEnt brand name; and casino games and software comprising jackpot system, a smart spins bonus management application, and tournaments gamification under the Red Tiger brand. It also provides slots titles and game mechanics under the Big Time Gaming brand; online casino platform and games under the Nolimit City brand name; HD spinning gaming wheels under the DigiWheel brand; and B2B social streaming games under the Livespins brand name. The company was formerly known as Evolution Gaming Group AB (publ). Evolution AB (publ) was founded in 2006 and is headquartered in Stockholm, Sweden.

Sweden · www.evolution.com

The Ledger
LineMar 2025Jun 2025Dec 2025Mar 2026
Revenue$520.94M$524.27M$565.87M$513.04M
Operating income$303.44M$306.38M$350.87M$292.61M
Net income$254.67M$248.32M$306.78M$251.93M
Diluted EPS1.241.221.541.26
Free cash flow$327.73M$192.34M$258.18M$311.25M
CapEx-$33.61M-$32.99M-$38.47M-$34.59M
Quotation

$737.80

+0.60 (+0.1%)

52w hi$885.40
52w lo$515.80
Vol672.51K
As ofAug 13
The Verdict

Hold

Our score -0.12

Short-0.06
Medium-0.24
Long-0.01

computed 2026-08-13

By the Numbers

Evolution AB (publ)

Consumer Cyclical · Gambling

Market cap$139.01B
Enterprise value$142.02B
Trailing P/E12.64x
Forward P/E10.29x
EV / EBITDA113.30x
P / S (ttm)67.74x
Profit margin51.8%
Return on equity26.7%
Revenue growth-1.2%
Earnings growth+4.3%
Debt / equity2.13
Risk Metrics
Beta vs SPX0.11
Corr SPX0.05
Annual vol33.7%
Annual ret-6.0%
Sharpe-0.18
Max DD-51.1%

Window: 504 trading days (490 obs)

Layer Breakdown
LayerRawContribution
Fundamental+0.31
Sector+0.01
Technical+0.00
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-08-13

Recent Sessions
DateOpenHighLowCloseVol
Aug 13$721.20$738.80$710.80$737.80672.51K
Aug 12$736.60$741.20$732.60$737.20444.60K
Aug 11$740.60$747.20$736.60$740.20514.02K
Aug 10$737.40$742.60$734.80$741.80472.87K
Aug 7$728.80$738.40$727.00$735.80459.49K