bet at home.com (ACX) AI Stock Analysis

• Market Cap: €18.25M
• Dividend Yield: N/A
• Average Volume (3M): 1.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.20
• Revenue Growth: 9.83%
• EPS Growth: -43.74%
• Country: DE
• Employees: 101
• Sector: Services
• Sector Strength: N/A
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.26
• Shares Outstanding: 7,018,000
• 10 Day Avg. Volume: 2,994
• 30 Day Avg. Volume: 1,588
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €2.50
• Price Target Upside: -3.85% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 47 Neutral
• Price Target: €2.50 ▼(-3.85% Downside)

The overall stock score is primarily impacted by the company's financial performance, which is challenged by declining revenues and profitability issues. Technical analysis indicates a bearish trend, and valuation metrics suggest potential overvaluation due to negative earnings. These factors collectively result in a lower stock score.

bet at home.com Business Overview & Revenue Model

Company Description

Bet-at-home.com AG is a prominent online gaming company based in Austria, primarily focused on the sectors of sports betting, online casino, and virtual gaming. Established in 1999, the company provides a digital platform for users to engage in various betting activities, including live sports events, casino games, and poker. With a strong presence in Europe, Bet-at-home.com offers a user-friendly interface and a wide range of betting options, catering to diverse customer preferences.

How the Company Makes Money

Bet-at-home.com generates revenue through several key streams. The primary source of income is from sports betting, where the company earns money by taking bets from customers and retaining a percentage of the total wagers placed. This is often referred to as the 'hold' or 'margin' on bets. Additionally, Bet-at-home.com operates an online casino that offers games such as slots and table games, generating revenue through player losses in these games. The company also earns from poker games through a rake system, where a small percentage of each pot is taken by the house. Significant partnerships with various sports leagues and teams enhance its visibility and credibility, attracting more users to the platform. Furthermore, strategic marketing campaigns and promotions help to drive user engagement and retention, contributing to consistent revenue growth.

bet at home.com Financial Statement Overview

Summary

The company faces challenges with declining revenues and profitability issues, as reflected in the income statement. The balance sheet shows low leverage but declining equity. Cash flows have been volatile, with recent improvements not yet translating into profitability. Continued focus on revenue growth and cost management is necessary to stabilize financial health.

Income Statement

The company has experienced declining revenues over the years, with a notable drop from 2020 to 2021. The latest annual report shows a slight recovery in total revenue. However, profitability remains a concern with negative net income and EBIT in the latest period. Gross profit margin has declined compared to previous years, indicating potential efficiency issues.

Balance Sheet

The balance sheet shows a stable equity base, but total assets and stockholders' equity have decreased over the years. The debt-to-equity ratio is low, indicating manageable debt levels. However, the equity ratio has deteriorated, suggesting increased reliance on liabilities.

Cash Flow

The cash flow statement reflects inconsistent free cash flow generation, with negative free cash flow in some years. Operating cash flow has improved in the latest year but remains relatively low. The free cash flow to net income ratio is unfavorable due to negative net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	53.58M	41.59M	36.09M	42.04M	47.56M	44.93M
Gross Profit	34.58M	41.59M	17.38M	26.70M	33.99M	25.26M
EBITDA	-1.99M	-1.84M	855.00K	2.10M	13.86M	13.13M
Net Income	-3.95M	-4.45M	-1.50M	11.91M	-16.31M	23.29M
Balance Sheet
Total Assets	0.00	52.68M	56.78M	62.66M	75.78M	95.14M
Cash, Cash Equivalents and Short-Term Investments	38.85M	33.67M	34.65M	35.33M	41.99M	56.81M
Total Debt	0.00	1.41M	1.73M	1.88M	1.69M	2.57M
Total Liabilities	-22.99M	29.69M	29.34M	33.71M	58.74M	44.24M
Stockholders Equity	22.99M	22.99M	27.44M	28.95M	17.04M	50.89M
Cash Flow
Free Cash Flow	0.00	792.00K	133.00K	-5.96M	8.60M	16.93M
Operating Cash Flow	0.00	792.00K	104.00K	-5.02M	10.49M	18.15M
Investing Cash Flow	0.00	18.00K	-343.00K	-874.00K	-1.90M	-1.22M
Financing Cash Flow	0.00	-329.00K	-498.00K	-770.00K	-18.42M	-14.88M

bet at home.com Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.60
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ACX, the sentiment is Negative. The current price of 2.6 is below the 20-day moving average (MA) of 2.66, below the 50-day MA of 2.70, and below the 200-day MA of 2.76, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 43.22 is Neutral, neither overbought nor oversold. The STOCH value of 47.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DE:ACX.

bet at home.com Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TIMA	75 Outperform	€1.06B	25.44	17.24%	4.91%	54.33%	-4.89%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ACX	47 Neutral	€18.25M	―	-12.47%	―	9.83%	-43.74%

bet at home.com Corporate Events

bet-at-home.com AG Announces Virtual AGM with Key Resolutions

bet-at-home.com AG has announced its upcoming Virtual Annual General Meeting scheduled for June 6, 2025. The meeting will address several key resolutions, including the approval of financial statements, the appointment of auditors, and the election of Supervisory Board members. Notably, the company plans to continue holding virtual meetings, emphasizing the convenience and accessibility for shareholders. This move reflects a broader industry trend towards digital transformation, potentially enhancing shareholder engagement and operational efficiency.