Evolution Gaming Group AB (publ) (E3G) - Net Assets
Based on the latest financial reports, Evolution Gaming Group AB (publ) (E3G) has net assets worth €4.30 Billion EUR (≈ $5.03 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.85 Billion ≈ $6.84 Billion USD) and total liabilities (€1.55 Billion ≈ $1.81 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check E3G tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €4.30 Billion |
| % of Total Assets | 73.52% |
| Annual Growth Rate | 59.66% |
| 5-Year Change | 27.75% |
| 10-Year Change | N/A |
| Growth Volatility | 576.44 |
Evolution Gaming Group AB (publ) - Net Assets Trend (2014–2025)
This chart illustrates how Evolution Gaming Group AB (publ)'s net assets have evolved over time, based on quarterly financial data. See E3G defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Evolution Gaming Group AB (publ) (2014–2025)
The table below shows the annual net assets of Evolution Gaming Group AB (publ) from 2014 to 2025. For live valuation and market cap data, see market value of Evolution Gaming Group AB (publ).
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €4.08 Billion ≈ $4.77 Billion |
+2.63% |
| 2024-12-31 | €3.97 Billion ≈ $4.64 Billion |
-0.86% |
| 2023-12-31 | €4.01 Billion ≈ $4.68 Billion |
+15.78% |
| 2022-12-31 | €3.46 Billion ≈ $4.05 Billion |
+8.44% |
| 2021-12-31 | €3.19 Billion ≈ $3.73 Billion |
+1866.44% |
| 2018-12-31 | €162.27 Million ≈ $189.71 Million |
+47.68% |
| 2017-12-31 | €109.88 Million ≈ $128.46 Million |
+71.97% |
| 2016-12-31 | €63.90 Million ≈ $74.70 Million |
+45.84% |
| 2015-12-31 | €43.81 Million ≈ $51.22 Million |
+84.74% |
| 2014-12-31 | €23.71 Million ≈ $27.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Evolution Gaming Group AB (publ)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9698.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €1.80 Billion | 44.17% |
| Other Components | €2.28 Billion | 55.83% |
| Total Equity | €4.08 Billion | 100.00% |
Evolution Gaming Group AB (publ) Competitors by Market Cap
The table below lists competitors of Evolution Gaming Group AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyundai Glovis
KO:086280
|
$11.26 Billion |
|
A.P.MOELL-M.B U.ADR 1/200
F:DP4H
|
$11.30 Billion |
|
Aritzia Inc
TO:ATZ
|
$11.30 Billion |
|
Jinduicheng Molybdenum Co Ltd
SHG:601958
|
$11.31 Billion |
|
Grupo Aeroportuario del Pacifico SAB De CV ADR
NYSE:PAC
|
$11.25 Billion |
|
DIETEREN GR. UNSP.ADR 1/2
F:DJD
|
$11.24 Billion |
|
Axa Equitable Holdings Inc
NYSE:EQH
|
$11.22 Billion |
|
First Horizon Corporation
NYSE:FHN
|
$11.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Evolution Gaming Group AB (publ)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,971,835,000 to 4,076,449,000, a change of 104,614,000 (2.6%).
- Net income of 1,062,096,000 contributed positively to equity growth.
- Dividend payments of 572,494,000 reduced retained earnings.
- Share repurchases of 500,189,000 reduced equity.
- New share issuances of 3,386,000 increased equity.
- Other factors increased equity by 111,815,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.06 Billion | +26.05% |
| Dividends Paid | €572.49 Million | -14.04% |
| Share Repurchases | €500.19 Million | -12.27% |
| Share Issuances | €3.39 Million | +0.08% |
| Other Changes | €111.81 Million | +2.74% |
| Total Change | €- | 2.63% |
Book Value vs Market Value Analysis
This analysis compares Evolution Gaming Group AB (publ)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.10x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4.24x to 3.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €14.97 | €63.50 | x |
| 2022-12-31 | €16.23 | €63.50 | x |
| 2023-12-31 | €18.76 | €63.50 | x |
| 2024-12-31 | €19.23 | €63.50 | x |
| 2025-12-31 | €20.46 | €63.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Evolution Gaming Group AB (publ) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 26.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.39%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.35x
- Recent ROE (26.05%) is below the historical average (38.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 51.01% | 24.93% | 1.53x | 1.34x | €9.73 Million |
| 2015 | 45.71% | 26.23% | 1.28x | 1.36x | €15.65 Million |
| 2016 | 49.67% | 27.49% | 1.12x | 1.62x | €25.35 Million |
| 2017 | 56.54% | 34.83% | 1.07x | 1.52x | €51.14 Million |
| 2018 | 51.43% | 34.01% | 1.02x | 1.48x | €67.23 Million |
| 2021 | 18.97% | 56.65% | 0.27x | 1.22x | €286.34 Million |
| 2022 | 24.37% | 57.89% | 0.33x | 1.26x | €497.33 Million |
| 2023 | 26.73% | 59.54% | 0.36x | 1.24x | €670.24 Million |
| 2024 | 31.32% | 60.30% | 0.39x | 1.35x | €846.83 Million |
| 2025 | 26.05% | 51.39% | 0.37x | 1.35x | €654.45 Million |
Industry Comparison
This section compares Evolution Gaming Group AB (publ)'s net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $15,519,932,221
- Average return on equity (ROE) among peers: -6.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Evolution Gaming Group AB (publ) (E3G) | €4.30 Billion | 51.01% | 0.36x | $11.26 Billion |
| ANGLER GAMING PLC EO -01 (0QM) | $4.99 Million | -66.24% | 1.03x | $20.25 Million |
| B90 HOLDINGS PLC (24GN) | $8.04 Million | -68.06% | 0.31x | $3.53 Million |
| DYNAM JAPAN HOLDINGS Co. Ltd (2DJ) | $137.51 Billion | 7.90% | 0.35x | $260.37 Million |
| ENTAIN PLC UNSP.ADR/1 (6GI0) | $1.33 Billion | -50.16% | 6.07x | $4.42 Billion |
| GAMBLING.COM GRP ON (6WH) | $123.19 Million | 24.90% | 0.45x | $83.79 Million |
| Kambi Group Plc (7KB) | $135.38 Million | 34.30% | 0.45x | $345.83 Million |
| bet-at-home.com AG (ACX) | $69.29 Million | 47.07% | 0.49x | $17.94 Million |
| 888 Holdings plc (C8V) | $67.10 Million | -97.17% | 39.95x | $173.75 Million |
| GREEK O.FOOTB. ADR 1/2 (GF8A) | $427.21 Million | 113.16% | 4.11x | $5.41 Billion |
About Evolution Gaming Group AB (publ)
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 applicatio… Read more