Evolution AB (publ)
Evolution AB (publ) develops, produces, markets, and licenses online casino systems 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 tou… Read more
Evolution AB (publ) (EVGGF) - Net Assets
Latest net assets as of December 2025: $4.06 Billion USD
Based on the latest financial reports, Evolution AB (publ) (EVGGF) has net assets worth $4.06 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.51 Billion) and total liabilities ($1.44 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $4.06 Billion |
| % of Total Assets | 73.82% |
| Annual Growth Rate | 55.21% |
| 5-Year Change | 27.37% |
| 10-Year Change | 6261.0% |
| Growth Volatility | 224.16 |
Evolution AB (publ) - Net Assets Trend (2012–2025)
This chart illustrates how Evolution AB (publ)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Evolution AB (publ) (2012–2025)
The table below shows the annual net assets of Evolution AB (publ) from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $4.06 Billion | +2.33% |
| 2024-12-31 | $3.97 Billion | -0.86% |
| 2023-12-31 | $4.01 Billion | +15.78% |
| 2022-12-31 | $3.46 Billion | +8.44% |
| 2021-12-31 | $3.19 Billion | +17.05% |
| 2020-12-31 | $2.73 Billion | +870.52% |
| 2019-12-31 | $280.90 Million | +73.10% |
| 2018-12-31 | $162.27 Million | +47.68% |
| 2017-12-31 | $109.88 Million | +71.97% |
| 2016-12-31 | $63.90 Million | +45.84% |
| 2015-12-31 | $43.81 Million | +84.74% |
| 2014-12-31 | $23.72 Million | +68.74% |
| 2013-12-31 | $14.05 Million | +4.90% |
| 2012-12-31 | $13.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Evolution 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 20692.7% 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% |
| Common Stock | $648.08K | 0.02% |
| Other Comprehensive Income | $-156.84 Million | -3.86% |
| Other Components | $2.43 Billion | 59.67% |
| Total Equity | $4.06 Billion | 100.00% |
Evolution AB (publ) Competitors by Market Cap
The table below lists competitors of Evolution AB (publ) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Akzo Nobel N.V
OTCQX:AKZOF
|
$9.73 Billion |
|
Biwin Storage Technology Co. Ltd. A
SHG:688525
|
$9.74 Billion |
|
Globus Medical
NYSE:GMED
|
$9.74 Billion |
|
Builders FirstSource Inc
NYSE:BLDR
|
$9.75 Billion |
|
OGE Energy Corporation
NYSE:OGE
|
$9.71 Billion |
|
Gen Digital Inc.
NASDAQ:GEN
|
$9.70 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
$9.70 Billion |
|
King Yuan Electronics Co Ltd
TW:2449
|
$9.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Evolution 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 4,064,421,967, a change of 92,586,967 (2.3%).
- Net income of 1,082,584,729 contributed positively to equity growth.
- Dividend payments of 583,537,892 reduced retained earnings.
- Share repurchases of 509,838,068 reduced equity.
- New share issuances of 3,386,000 increased equity.
- Other comprehensive income increased equity by 110,458,114.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.08 Billion | +26.64% |
| Dividends Paid | $583.54 Million | -14.36% |
| Share Repurchases | $509.84 Million | -12.54% |
| Share Issuances | $3.39 Million | +0.08% |
| Other Comprehensive Income | $110.46 Million | +2.72% |
| Other Changes | $-10.47 Million | -0.26% |
| Total Change | $- | 2.33% |
Book Value vs Market Value Analysis
This analysis compares Evolution 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: 3.75x
- 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 980.67x to 3.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $0.08 | $75.00 | x |
| 2013-12-31 | $0.08 | $75.00 | x |
| 2014-12-31 | $0.14 | $75.00 | x |
| 2015-12-31 | $0.24 | $75.00 | x |
| 2016-12-31 | $0.35 | $75.00 | x |
| 2017-12-31 | $0.60 | $75.00 | x |
| 2018-12-31 | $0.89 | $75.00 | x |
| 2019-12-31 | $1.53 | $75.00 | x |
| 2020-12-31 | $14.42 | $75.00 | x |
| 2021-12-31 | $14.39 | $75.00 | x |
| 2022-12-31 | $15.91 | $75.00 | x |
| 2023-12-31 | $18.46 | $75.00 | x |
| 2024-12-31 | $18.98 | $75.00 | x |
| 2025-12-31 | $20.03 | $75.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Evolution 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): 26.64%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.14%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.35x
- Recent ROE (26.64%) is below the historical average (40.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 65.00% | 27.85% | 1.69x | 1.38x | $7.37 Million |
| 2013 | 51.00% | 18.49% | 1.68x | 1.64x | $5.76 Million |
| 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 |
| 2019 | 53.30% | 40.94% | 0.84x | 1.55x | $121.64 Million |
| 2020 | 10.44% | 50.72% | 0.18x | 1.16x | $12.00 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 | 26.64% | 50.14% | 0.39x | 1.35x | $676.14 Million |
Industry Comparison
This section compares Evolution AB (publ)'s net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Evolution AB (publ) (EVGGF) | $4.06 Billion | 65.00% | 0.35x | $9.72 Billion |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |