Want to see SGHC full AI Analyst Report?
Top Page
Super Group (SGHC)
(NYSE:SGHC)
Select Model
Select Model
Rating:80Outperform
Price Target:
$18.00
▲(59.43% Upside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by strong financial quality (low leverage and improving cash generation) and a very positive latest earnings update (record growth, margin expansion, reaffirmed guidance with a major event catalyst). Technicals add support via clear uptrend signals, while valuation is reasonable with a solid dividend. Key risks remain revenue/margin volatility and regulatory/tax headwinds (notably the U.K.).
Positive Factors
Strong cash generation & shareholder returns
Sustained high free cash flow conversion (75%) and a cash balance of $422m despite sizable shareholder returns demonstrate durable cash generation. This supports reliable dividend policy, selective buybacks, reinvestment in products and buffers against regulatory or cyclical shocks over months.
Negative Factors
Uneven revenue trends and margin compression
Top‑line inconsistency and sharp gross margin swings indicate revenue and profitability durability risks. Persistent volatility in growth and mix complicates forecasting, capital allocation and margin sustainability, making earnings sensitive to product mix, pricing and market conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation & shareholder returns
Sustained high free cash flow conversion (75%) and a cash balance of $422m despite sizable shareholder returns demonstrate durable cash generation. This supports reliable dividend policy, selective buybacks, reinvestment in products and buffers against regulatory or cyclical shocks over months.
Read all positive factors
Super Group (SGHC) Key Performance Indicators (KPIs)
Super Group (SGHC) (SGHC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$7.57B
Dividend Yield1.34%
Average Volume (3M)3.30M
Price to Earnings (P/E)31.0
Beta (1Y)1.37
Revenue Growth19.93%
EPS Growth79.81%
CountryUS
Employees2,726
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.48
Shares Outstanding508,076,780
10 Day Avg. Volume2,786,357
30 Day Avg. Volume3,297,469
Financial Highlights & Ratios
PEG Ratio0.32
Price to Book (P/B)7.52
Price to Sales (P/S)2.71
P/FCF Ratio18.53
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue2.69
Enterprise Value/Gross Profit9.41
Enterprise Value/Ebitda13.47
Forecast
1Y Price Target
$17.83Price Target Upside57.96% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)0.85
Revenue Forecast (FY)$2.58B
Super Group (SGHC) Business Overview & Revenue Model
Company Description
Super Group (SGHC) Limited operates as an online sports betting and gaming operator. The company offers Betway, an online sports betting and casino offering; and Spin, a multi-brand online casino. It operates in Africa, the Middle East, the Asia-P...
How the Company Makes Money
Super Group primarily makes money by offering online betting and casino games and retaining a portion of customer wagering volume as gross gaming revenue (GGR). In sports betting, revenue is generated from the margin (the difference between stakes...
Super Group (SGHC) Earnings Call Summary
Earnings Call Date:May 11, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial quarter: record revenue and EBITDA, robust MAU growth, significant outperformance in Africa, improving international momentum, a strengthened balance sheet, and clear product/tech initiatives (Apricot integration, AI, Super Coin) combined with an expected World Cup uplift. Key headwinds include a near-term U.K. tax EBITDA impact (~$30M), inherent sportsbook volatility and lower trailing sports margins, early-stage adoption risks for Super Coin, and regulatory complexities in select markets. Overall, the positive results, balance-sheet strength and event catalysts materially outweigh the challenges.Positive Updates
Record Q1 Revenue and EBITDA
Total revenue of $612 million, up 18% year-over-year; adjusted EBITDA of $152 million, up 36% year-over-year; margin expanded to 25% from 22% a year ago.
Negative Updates
UK New Tax Headwind
Management quantified an estimated pre-mitigation EBITDA impact of ~6% (around $30 million) from the new U.K. tax that took effect April 1; mitigation actions are underway but near-term hit remains a risk.
Read all updates
Q1-2026 Updates
Positive
Negative
Record Q1 Revenue and EBITDA
Total revenue of $612 million, up 18% year-over-year; adjusted EBITDA of $152 million, up 36% year-over-year; margin expanded to 25% from 22% a year ago.
Read all positive updates
Company Guidance
Super Group reaffirmed full‑year 2026 guidance of total revenue of at least $2.55 billion and adjusted EBITDA of more than $680 million, supported by a strong Q1 that delivered $612 million revenue (+18% YoY), $152 million adjusted EBITDA (+36%) and a 25% margin (vs 22% prior), record average monthly active customers of 6.4 million (+18% YoY; March 6.5m), segment strength (Africa revenue +53% YoY with adj. EBITDA $98m, +21%; International revenue +9% with adj. EBITDA $73m, +26%), healthy liquidity and returns (ending cash $422m, +20% YoY despite $152m returned to shareholders including a special dividend; free cash flow conversion 75%; minimum quarterly dividend target raised to $0.05/share), resilient business mix (≈80% of revenue annuity; trailing 24‑month sportsbook net win ~13.1%; historical peaks ~18–19%), significant World Cup exposure (≈40% of countries participating representing ~88% of 2025 revenue; football ≈73% of GGR) and positive Q2 early trends.Super Group (SGHC) Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.43B | 2.23B | 1.70B | 1.44B | 1.39B | 1.50B |
| Gross Profit | 694.55M | 606.41M | 841.42M | 666.28M | 703.14M | 876.85M |
| EBITDA | 485.32M | 366.89M | 241.49M | 101.69M | 305.19M | 357.60M |
| Net Income | 245.07M | 216.93M | 113.10M | -10.55M | 194.57M | 267.07M |
Balance Sheet | ||||||
| Total Assets | 1.23B | 1.27B | 1.10B | 1.06B | 940.49M | 955.68M |
| Cash, Cash Equivalents and Short-Term Investments | 422.00M | 518.84M | 401.73M | 267.42M | 273.22M | 332.64M |
| Total Debt | 104.00M | 81.00M | 73.25M | 32.31M | 19.80M | 22.67M |
| Total Liabilities | 503.00M | 465.86M | 517.21M | 466.56M | 367.14M | 373.66M |
| Stockholders Equity | 729.00M | 802.75M | 580.15M | 575.16M | 555.58M | 582.02M |
Cash Flow | ||||||
| Free Cash Flow | -33.31M | 325.90M | 199.62M | 79.30M | 139.30M | 183.10M |
| Operating Cash Flow | -79.73M | 366.89M | 295.09M | 132.85M | 166.84M | 209.85M |
| Investing Cash Flow | 14.61M | -137.96M | -110.08M | -5.01M | -96.52M | -18.16M |
| Financing Cash Flow | -103.52M | -151.95M | -56.35M | -131.16M | -103.18M | -39.76M |
Super Group (SGHC) Technical Analysis
Positive
11.29
Price Trends
13.42
Positive
12.12
Positive
11.58
Positive
Market Momentum
0.50
Negative
63.32
Neutral
73.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SGHC, the sentiment is Positive. The current price of 11.29 is below the 20-day moving average (MA) of 13.96, below the 50-day MA of 13.42, and below the 200-day MA of 11.58, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 63.32 is Neutral, neither overbought nor oversold. The STOCH value of 73.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SGHC.
Super Group (SGHC) Risk Analysis
Super Group (SGHC) disclosed 81 risk factors in its most recent earnings report. Super Group (SGHC) reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Super Group (SGHC) Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $7.57B | 30.98 | 31.93% | 1.34% | 19.93% | 79.81% | |
70 Outperform | $430.60M | 84.99 | 8.62% | ― | 6.33% | -150.96% | |
68 Neutral | $7.78B | 87.09 | 26.36% | ― | 28.20% | 310.24% | |
65 Neutral | $23.54B | 214.89 | 7.88% | ― | 25.80% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | $2.73B | -3.03 | -44.48% | ― | 6.38% | -1099.20% | |
46 Neutral | $67.74M | -1.49 | -37.13% | ― | 19.23% | -232.12% |
* Consumer Cyclical Sector Average
SGHC
Super Group (SGHC)
14.89
3.71
33.14%
PENN
PENN Entertainment
20.36
2.61
14.70%
DKNG
DraftKings
26.48
-17.31
-39.54%
RSI
Rush Street Interactive
33.40
18.49
124.01%
CDRO
Codere Online
9.47
1.08
12.87%
GAMB
Gambling.com
1.93
-9.76
-83.49%
Super Group (SGHC) Corporate Events
Super Group Shareholders Approve 2026 AGM Resolutions and Board Slate
Jul 1, 2026
Super Group (SGHC) Limited reported the results of its 2026 Annual Meeting of Shareholders held on June 25, 2026, where 86.13% of eligible shares were represented. Shareholders received and approved the company’s annual report and audited fi...
Super Group Declares Second Quarterly Dividend, Lifting 2026 Payouts to 10 Cents per Share
Jun 11, 2026
On June 9, 2026, Super Group’s board declared a regular cash dividend of 5¢ per ordinary share, payable on June 30 to shareholders of record as of June 23. Combined with the 5¢ per share distribution paid on March 30 for the first ...
Super Group (SGHC) Sets June 25, 2026 AGM and Seeks New Share Buyback Authority
May 14, 2026
Super Group (SGHC) Limited, a Guernsey-based foreign private issuer active in global online betting and gaming, is governed by Guernsey company law and U.S. securities rules applicable to non‑U.S. issuers. Its shares trade on the New York St...
Super Group Reshapes Financial Reporting Around Africa and International Segments
May 13, 2026
In the first quarter of 2026, Super Group (SGHC) restructured its internal management and reporting framework, shifting from product-based segments Betway and Spin to two geographic segments, Africa and International, effective for the year ending...
Super Group posts record Q1 2026 results and pivots to regional reporting
May 11, 2026
Super Group reported record first-quarter 2026 results on May 11, 2026, posting revenue of $612 million, up 18% year over year, and profit of $86 million, compared with $59 million a year earlier. Adjusted EBITDA climbed 36% to $152 million, lifti...
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.