| Valuation method | Value, € | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 88.23 | 4334 |
| Intrinsic value (DCF) | 2.48 | 25 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
bet-at-home.com AG (ACX.DE) is a leading European online gambling and sports betting provider headquartered in Düsseldorf, Germany. Founded in 1999 and operating under the ownership of BetClic Everest Group S.A.S., the company offers a diverse portfolio of betting and gaming services, including sports betting, live betting, online casinos, poker, and virtual sports. With a strong presence in regulated European markets, bet-at-home.com AG leverages its digital platform to cater to a growing base of online gamblers. The company operates in the highly competitive Consumer Cyclical sector, specifically within the Gambling, Resorts & Casinos industry. Despite regulatory challenges and market saturation, bet-at-home.com AG maintains a niche position through localized offerings and a user-friendly betting experience. Its financial stability is supported by a solid cash position, though recent profitability challenges highlight the volatility of the online gambling sector.
bet-at-home.com AG presents a high-risk, high-reward investment opportunity due to its volatile earnings and exposure to regulatory changes in the European online gambling market. The company's negative net income (-€4.45M) and diluted EPS (-€0.63) in the latest fiscal period raise concerns about profitability, though its strong cash position (€24.57M) provides some financial flexibility. The lack of dividends may deter income-focused investors, while the high beta (1.484) indicates significant market sensitivity. However, the company's established brand and diversified betting portfolio could position it for recovery if regulatory conditions stabilize. Investors should weigh the sector's growth potential against operational risks before considering a position.
bet-at-home.com AG operates in a fiercely competitive online gambling market dominated by larger, more diversified players. Its competitive advantage lies in its regional focus on Europe and a well-established brand in German-speaking markets. However, the company faces intense competition from global operators with superior marketing budgets, technological infrastructure, and multi-jurisdictional licenses. Unlike some competitors, bet-at-home.com AG lacks a strong live streaming or in-play betting platform, which limits its appeal to high-value bettors. Its reliance on third-party software providers for gaming content also reduces margins compared to vertically integrated rivals. The company's ownership by BetClic Everest Group provides some strategic backing but does not fully offset the scale disadvantages against industry giants. Regulatory pressures in key markets like Germany further constrain growth, forcing bet-at-home.com AG to rely on cost efficiency rather than aggressive expansion.