African Market ExpansionAfrica remains SGHC’s most attractive growth engine, supported by a licensed online gaming TAM of ~$12B, favorable demographics, and rising mobile and internet penetration.
Earnings GrowthSuper Group is entering a multi-year earnings compounding phase driven by exposure to large, underpenetrated end markets and expanding operating leverage.
Undervalued StockShares currently trade at a discount to global online gaming peers despite superior exposure to underpenetrated markets and expanding margins.