bet-at-home.com AG (DE:ACX)
XETRA:ACX
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bet at home.com
(XETRA:ACX)
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Rating:47Neutral
Price Target:
€2.00
▼(-9.09% Downside)
Action:ReiteratedDate:12/07/25
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
Low leverage
Low debt levels provide the company durable financial flexibility: less refinancing risk and capacity to absorb regulatory or revenue shocks. This supports steady investment in platform and product development and preserves optionality for strategic moves over the next 2–6 months.
Negative Factors
Sustained unprofitability
Persistent negative net income and EBIT indicate structural profit issues, reducing internal funding for growth and making margin recovery a priority. Long-run unprofitability constrains reinvestment, increases external financing dependence and challenges long-term shareholder value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Low debt levels provide the company durable financial flexibility: less refinancing risk and capacity to absorb regulatory or revenue shocks. This supports steady investment in platform and product development and preserves optionality for strategic moves over the next 2–6 months.
Read all positive factors
bet at home.com (ACX) vs. iShares MSCI Germany ETF (EWG)
Market Cap
€17.83M
Dividend YieldN/A
Average Volume (3M)1.59K
Price to Earnings (P/E)5.6
Beta (1Y)0.21
Revenue Growth9.83%
EPS Growth-43.74%
CountryDE
Employees101
SectorGeneral
Sector StrengthN/A
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)N/A
Shares Outstanding7,018,000
10 Day Avg. Volume2,994
30 Day Avg. Volume1,588
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.76
Price to Sales (P/S)0.42
P/FCF Ratio21.98
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)0.06
Revenue Forecast (FY)€54.30M
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 lea...
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 prof...
bet at home.com Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
60
Neutral
Cash Flow
50
Neutral
| 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
Positive
2.20
Price Trends
2.33
Positive
2.30
Positive
2.51
Negative
Market Momentum
0.01
Positive
52.22
Neutral
45.56
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 2.2 is below the 20-day moving average (MA) of 2.45, below the 50-day MA of 2.33, and below the 200-day MA of 2.51, indicating a neutral trend. The MACD of 0.01 indicates Positive momentum. The RSI at 52.22 is Neutral, neither overbought nor oversold. The STOCH value of 45.56 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
2.54
>-0.01
-0.39%
DE:TIMA
ZEAL Network
48.60
9.88
25.53%
bet at home.com Corporate Events
Business Operations and StrategyShareholder Meetings
bet-at-home.com AG Announces Significant Change in Voting Rights
Neutral
Dec 17, 2025
On December 17, 2025, bet-at-home.com AG announced a change in voting rights, with the threshold crossing on December 15, 2025. Total voting rights decreased from 8.55% to 2.95%, reflecting significant changes in shareholder dynamics linked to St&...
Business Operations and StrategyRegulatory Filings and Compliance
bet-at-home.com AG Announces Change in Voting Rights
Neutral
Dec 10, 2025
bet-at-home.com AG has announced a change in voting rights, with ARJO SAS, a legal entity based in Paris, France, acquiring or disposing of shares with voting rights. As of November 27, 2025, ARJO SAS holds 4.95% of the voting rights attached to s...
Business Operations and StrategyRegulatory Filings and Compliance
bet-at-home.com AG Announces Change in Voting Rights
Neutral
Dec 10, 2025
bet-at-home.com AG has announced a change in voting rights, with FINANCIERE WEBER ROULE SAS acquiring or disposing of shares, resulting in a 4.95% total voting rights. This announcement, released under Article 40 of the WpHG, indicates a shift in ...
Business Operations and StrategyRegulatory Filings and Compliance
bet-at-home.com AG Announces Change in Voting Rights Structure
Neutral
Dec 4, 2025
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 compa...
Regulatory Filings and Compliance
bet-at-home.com AG Announces Change in Voting Rights
Neutral
Dec 4, 2025
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 govern...
Business Operations and Strategy
bet-at-home.com AG Announces Change in Voting Rights Structure
Neutral
Dec 4, 2025
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 in...
Business Operations and Strategy
bet-at-home.com AG Announces Change in Voting Rights Structure
Neutral
Dec 4, 2025
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 ...
Business Operations and StrategyRegulatory Filings and Compliance
bet-at-home.com AG Announces Change in Voting Rights
Negative
Dec 4, 2025
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 impac...
Business Operations and StrategyRegulatory Filings and Compliance
bet-at-home.com AG Announces Change in Voting Rights
Neutral
Dec 4, 2025
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 impact...
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.