Evolution AB (publ) (EVO.ST) stock analysis

In our weekly check, Evolution AB (publ) is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 2, red flags: 3.

About Evolution AB (publ)

Evolution AB (publ) is a Consumer Cyclical company (Gambling, Resorts & Casinos) based in Sweden, listed on STO as EVO.ST.

What our checks show for EVO.ST

Red flags

• The net margin fell by 7 points over 5 years, to 49.6%: the company keeps less of each sale as profit.
• The gross margin fell by 11.2 points, to 88.8%: costs are rising faster than prices.
• The stock has fallen as much as 69% from a peak. Would you have held through that?

Warning signs

• Analysts expect only about 3.8% a year of growth in revenue.
• The stock is still below its previous peak.

Strengths

• Debt is low: 0.03x equity.
• Operating profit covers interest 649 times over.
• Operating cash flow is 1.23x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 10.1% a year over the next years.
• Analysts expect the net margin to improve by 10 points from today's 49.6%.
• The company keeps 49.6% of its revenue as net profit.

Similar companies

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Questions

What grade does Evolution AB (publ) (EVO.ST) have?

In our weekly check, Evolution AB (publ) is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 20 pass, warnings: 2, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of EVO.ST stock?

This week's biggest flags for Evolution AB (publ): Margins falling, Gross margin falling, Deep past fall. In total 5 of 25 checks show a warning or a red flag.

What does Evolution AB (publ) do?

Evolution AB (publ) is a Consumer Cyclical company (Gambling, Resorts & Casinos) based in Sweden, listed on STO as EVO.ST.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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