bet at home.com (ACX) AI Stock Analysis

• Market Cap: €15.93M
• Dividend Yield: N/A
• Average Volume (3M): 1.59K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.25
• Revenue Growth: 9.83%
• EPS Growth: -43.74%
• Country: DE
• Employees: 101
• Sector: Services
• Sector Strength: N/A
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): N/A
• Shares Outstanding: 7,018,000
• 10 Day Avg. Volume: 2,994
• 30 Day Avg. Volume: 1,588
• PEG Ratio: -0.02
• Price to Book (P/B): 0.76
• Price to Sales (P/S): 0.42
• P/FCF Ratio: 21.98
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 47 Neutral
• Price Target: €2.50 ▲(10.13% Upside)

The overall stock score is primarily influenced by weak financial performance and poor valuation metrics. Technical analysis indicates a bearish trend, further impacting the score. The recent corporate event involving a reduction in voting rights adds uncertainty to the company's governance and strategic direction.

Positive Factors

Revenue Growth

The company has shown a positive revenue growth rate of 9.83%, suggesting an expanding market presence and successful customer engagement strategies, which are crucial for long-term sustainability in the competitive online gaming industry.

Low Leverage

A low debt-to-equity ratio suggests that the company maintains a conservative financial structure, providing it with greater flexibility to invest in growth opportunities and withstand economic downturns, enhancing its long-term stability.

Improved Operating Cash Flow

The improvement in operating cash flow indicates better cash management and operational efficiency, which can support future investments and reduce reliance on external financing, contributing to the company's financial health.

Negative Factors

Declining Profitability

The company's negative net income and EBIT highlight ongoing profitability challenges, which could hinder its ability to reinvest in business growth and maintain competitive positioning in the long term.

Equity Deterioration

The deterioration in the equity ratio indicates a growing reliance on liabilities, which may increase financial risk and limit the company's ability to fund future growth initiatives internally.

Inconsistent Free Cash Flow

The inconsistency in free cash flow generation suggests potential volatility in the company's cash management, which could impact its ability to fund operations and growth initiatives sustainably over the long term.

bet at home.com Business Overview & Revenue Model

Company Description

bet-at-home.com AG, through its subsidiaries, provides online gambling and sports betting services in Europe. It offers sports betting and live betting; online casinos; Vegas, an online gaming; online poker; and virtual football and basketball leagues, tennis, dog racing, and horse racing betting games. The company was founded in 1999 and is based in Düsseldorf, Germany. bet-at-home.com AG is a subsidiary of BetClic Everest Group S.A.S.

How the Company Makes Money

Bet-at-home.com generates revenue primarily through sports betting and online casino gaming. The company earns money by taking a percentage of the total betting amounts wagered, commonly referred to as the 'vigorish' or 'juice,' which ensures profitability regardless of the outcome of the bets. Additionally, the online casino segment contributes to revenue through user engagement in games like slots, table games, and live dealer offerings, where the house edge guarantees sustained earnings. The company may also benefit from strategic partnerships with software developers and payment processors, enhancing its service offerings and facilitating a seamless betting experience for users. Marketing efforts, including promotions and bonuses, help attract new customers and retain existing ones, further boosting revenue streams.

bet at home.com Financial Statement Overview

Summary

The company faces challenges with declining revenues and profitability issues, 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	51.62M	41.59M	36.09M	42.04M	47.56M	44.93M
Gross Profit	32.48M	41.59M	17.38M	26.70M	33.99M	25.26M
EBITDA	-1.54M	-1.84M	855.00K	2.10M	13.86M	13.13M
Net Income	-3.30M	-4.45M	-1.50M	11.91M	-16.31M	23.29M
Balance Sheet
Total Assets	52.41M	52.68M	56.78M	62.66M	75.78M	95.14M
Cash, Cash Equivalents and Short-Term Investments	38.39M	33.67M	34.65M	35.33M	41.99M	56.81M
Total Debt	1.25M	1.41M	1.73M	1.88M	1.69M	2.57M
Total Liabilities	27.61M	29.69M	29.34M	33.71M	58.74M	44.24M
Stockholders Equity	24.80M	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: 2.27
• 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 2.27 is below the 20-day moving average (MA) of 2.35, below the 50-day MA of 2.46, and below the 200-day MA of 2.68, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 43.45 is Neutral, neither overbought nor oversold. The STOCH value of 30.56 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	69 Neutral	€1.13B	23.05	19.37%	4.61%	52.25%	4.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
ACX	47 Neutral	€15.93M	-4.83	-12.47%	―	9.83%	-43.74%

bet at home.com Corporate Events

bet-at-home.com AG Announces Change in Voting Rights Structure

bet-at-home.com AG announced a change in its voting rights structure, with Mathieu Zucchiatti acquiring or disposing of shares, resulting in ZM GROUP SAS holding 3.97% of the voting rights. This adjustment in shareholding could influence the company’s governance and strategic decisions, potentially impacting its market position and stakeholder interests.

bet-at-home.com AG Announces Change in Voting Rights

bet-at-home.com AG has announced a change in its voting rights, with Adam Gishen acquiring or disposing of shares resulting in a new total of 4.95% voting rights. This adjustment in voting rights could potentially impact the company’s governance and decision-making processes, reflecting a shift in shareholder influence.

bet-at-home.com AG Announces Change in Voting Rights Structure

bet-at-home.com AG has announced a change in its voting rights structure, with Stéphane Courbit, through Betclic Everest Group SAS, now holding 44.98% of the voting rights, down from a previous 53.90%. This adjustment in shareholding could influence the company’s strategic decisions and its market positioning, impacting stakeholders and potentially altering its competitive dynamics within the industry.

bet-at-home.com AG Announces Change in Voting Rights Structure

bet-at-home.com AG has announced a significant change in its voting rights structure, with the total percentage of voting rights attached to shares decreasing from 44.98% to 21.25%. This change is due to the acquisition or disposal of shares with voting rights, with Betclic Everest Group SAS now holding 21.25% of the voting rights. This adjustment in voting rights could impact the company’s governance and strategic decision-making, potentially affecting its market positioning and stakeholder interests.

bet-at-home.com AG Announces Change in Voting Rights

bet-at-home.com AG has announced a change in voting rights, with Stéphane Courbit, through Betclic Everest Group SAS, now holding 8.55% of the voting rights, down from a previous 21.25%. This significant reduction in voting rights could impact the company’s governance and strategic decisions, potentially influencing its market position and stakeholder interests.

bet-at-home.com AG Announces Change in Voting Rights

bet-at-home.com AG has announced a change in voting rights, with Merit France SAS acquiring or disposing of shares that result in a 4.95% voting rights position. This change reflects a significant shift in shareholder structure, potentially impacting the company’s governance and strategic decisions.

bet-at-home.com AG Faces Shareholder Restructuring

Betclic Everest Group SAS, which holds a 53.9% majority share in bet-at-home.com AG, is set to sell its stake as part of a transaction involving the acquisition of a majority shareholding in Tipico Group by Banijay Group N.V. This change will result in bet-at-home.com AG no longer having a majority shareholder, as the shares will be distributed among multiple purchasers, each acquiring less than 5%. This restructuring could impact the company’s governance and strategic direction, although no further direct effects on the company have been disclosed.

bet-at-home.com AG Prepares to Release Half-Year Financial Report

bet-at-home.com AG has announced the upcoming release of its half-year financial report for the period from January 1 to June 30, 2025. The report will be published on September 23, 2025, and will be available for download on the company’s website. This announcement is part of the company’s regulatory obligations and provides stakeholders with insights into its financial performance during the first half of the year.