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Latest revision as of 13:28, 2 June 2024

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Fortnite ran a tournament last year with $30 million in prizes teenagers won most of the money. Electronic Arts got a taste of this with the free of charge-to-play Apex Legends. All these current, and upcoming, acquisitions are all with the intention of Evolution becoming a brand that is a ‘world chief in all disciplines to on the internet casino’. With NetEnt and Red Tiger Gaming, currently under Evolution’s belt, its general slot portfolio is ever-escalating. My model assumes EVVTY can continue increasing at the same higher pace it did in the past (pre-COVID). As stated in my thesis, I feel EVVTY's marketplace position improves as it acquires market place share. I left margins flat moving forward just to be conservative as I think management would reinvest excess profits to capture marketplace share (the suitable lengthy-term strategy). If EVVTY does as I anticipate, we can count on 100 one hundred% upside by FY23, assuming the 18x forward PE (near 7-year trough).