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bet at home.com
(XETRA:ACX)
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Rating:53Neutral
Price Target:
€3.00
▼(-8.81% Downside)
Action:Reiterated
Date:07/01/26
The score is held back primarily by weak and inconsistent financial performance—especially negative 2025 operating/free cash flow and volatile revenue/profitability—despite a resilient low-debt balance sheet. Technicals are supportive with price above key moving averages, but valuation looks stretched with a high P/E and no dividend yield data.
Positive Factors
Conservative balance sheet
A consistently low leverage profile gives the company durable financial flexibility through revenue cycles. With debt generally only a small fraction of equity, the firm can absorb earnings volatility, fund regulatory costs or marketing needs, and avoid refinancing pressure during downturns.
Negative Factors
Sharp revenue decline in 2025
A large, concentrated revenue drop undermines predictability of cash flows and makes planning for marketing, licensing and platform investment harder. Persistent or recurrent declines could erode scale advantages and raise customer-acquisition cost per retained bettor.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A consistently low leverage profile gives the company durable financial flexibility through revenue cycles. With debt generally only a small fraction of equity, the firm can absorb earnings volatility, fund regulatory costs or marketing needs, and avoid refinancing pressure during downturns.
Read all positive factors
bet at home.com (ACX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€22.46M
Dividend YieldN/A
Average Volume (3M)1.59K
Price to Earnings (P/E)25.7
Beta (1Y)0.31
Revenue Growth-11.39%
EPS GrowthN/A
CountryDE
Employees98
SectorGeneral
Sector StrengthN/A
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.12
Shares Outstanding7,018,000
10 Day Avg. Volume2,994
30 Day Avg. Volume1,588
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.59
Price to Sales (P/S)0.41
P/FCF Ratio-10.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.44
Revenue Forecast (FY)€52.10M
bet at home.com Business Overview & Revenue Model
Company Description
Operating across Europe, bet-at-home.com AG, along with its various subsidiaries, delivers a comprehensive suite of online gambling and sports betting services. The company's diverse offerings span traditional and in-play sports wagering, a robust...
How the Company Makes Money
bet-at-home.com AG primarily generates revenue from online gambling activities offered through its platforms. The core revenue stream is sports betting, where the company earns money through the built-in margin in odds (the difference between the ...
bet at home.com Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
78
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 45.45M | 36.86M | 41.59M | 36.09M | 42.04M | 47.56M |
| Gross Profit | 26.19M | 0.00 | 41.59M | 17.38M | 26.70M | 33.99M |
| EBITDA | 1.69M | 841.00K | -1.84M | 855.00K | 2.10M | 13.86M |
| Net Income | 922.00K | 2.27M | -4.45M | -1.50M | 11.91M | -16.31M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 48.89M | 52.68M | 56.78M | 62.66M | 75.78M |
| Cash, Cash Equivalents and Short-Term Investments | 36.29M | 27.89M | 33.67M | 34.65M | 35.33M | 41.99M |
| Total Debt | 0.00 | 1.06M | 1.41M | 1.73M | 1.88M | 1.69M |
| Total Liabilities | -25.26M | 23.63M | 29.69M | 29.34M | 33.71M | 58.74M |
| Stockholders Equity | 25.26M | 25.26M | 22.99M | 27.44M | 28.95M | 17.04M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -1.44M | 792.00K | 133.00K | -5.96M | 8.60M |
| Operating Cash Flow | 0.00 | -1.44M | 792.00K | 104.00K | -5.02M | 10.49M |
| Investing Cash Flow | 0.00 | -94.00K | 18.00K | -343.00K | -874.00K | -1.90M |
| Financing Cash Flow | 0.00 | -327.00K | -329.00K | -498.00K | -770.00K | -18.42M |
bet at home.com Technical Analysis
Positive
3.29
Price Trends
3.31
Negative
2.92
Positive
2.62
Positive
Market Momentum
0.01
Positive
49.19
Neutral
45.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DE:ACX, the sentiment is Positive. The current price of 3.29 is below the 20-day moving average (MA) of 3.33, below the 50-day MA of 3.31, and above the 200-day MA of 2.62, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 49.19 is Neutral, neither overbought nor oversold. The STOCH value of 45.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DE:ACX.
bet at home.com Peers Comparison
UnderperformOutperform
Sector (55)
DE:ACX
bet at home.com
3.20
0.44
15.94%
DE:TIMA
ZEAL Network
43.40
-1.37
-3.07%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.