Super Group (SGHC) (SGHC)
NYSE:SGHC
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Super Group (SGHC)
(NYSE:SGHC)
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Rating:73Outperform
Price Target:
$10.00
▼(-8.59% Downside)
Action:ReiteratedDate:11/05/25
Super Group (SGHC) shows strong financial performance with consistent revenue and cash flow growth, supported by a positive earnings call highlighting strategic initiatives and regional growth. However, the stock's valuation appears high, and technical indicators provide a mixed outlook, contributing to a moderate overall score.
Positive Factors
Strong operating cash flow & free cash flow
Consistent growth in operating cash flow and healthy free cash flow provide durable internal funding for product investment, marketing, and capital returns. This reduces reliance on external financing, supports dividend capacity and strategic optionality across market expansions over the next several quarters.
Negative Factors
Regulatory headwinds in Germany
Tighter German regulation is a durable headwind that can shrink addressable market and increase compliance and tax burdens. Sustained restrictions may force product changes, higher operating costs or market exits, reducing long-term revenue potential and requiring sustained management attention and capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong operating cash flow & free cash flow
Consistent growth in operating cash flow and healthy free cash flow provide durable internal funding for product investment, marketing, and capital returns. This reduces reliance on external financing, supports dividend capacity and strategic optionality across market expansions over the next several quarters.
Read all positive factors
Super Group (SGHC) (SGHC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.43B
Dividend Yield1.34%
Average Volume (3M)3.02M
Price to Earnings (P/E)17.4
Beta (1Y)1.35
Revenue Growth29.54%
EPS Growth4389.69%
CountryUS
Employees3,589
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.13
Shares Outstanding501,431,430
10 Day Avg. Volume1,842,157
30 Day Avg. Volume3,015,421
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)5.20
Price to Sales (P/S)1.78
P/FCF Ratio15.12
Enterprise Value/Market Cap0.81
Enterprise Value/Revenue2.21
Enterprise Value/Gross Profit4.21
Enterprise Value/Ebitda10.96
Forecast
1Y Price Target
$17.25Price Target Upside57.68% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.86
Revenue Forecast (FY)$2.56B
Super Group (SGHC) Business Overview & Revenue Model
Company Description
Super Group (SGHC) Limited operates as an online sports betting and gaming operator. It offers Betway, an online sports betting brand; and Spin, a multi-brand online casino offering. The company is based in Saint Peter Port, Guernsey....
How the Company Makes Money
Super Group generates revenue primarily through its online gaming operations, which include sports betting and casino gaming. The company earns money by taking a percentage of the wagers placed by users, as well as through the sale of in-game purc...
Super Group (SGHC) Key Performance Indicators (KPIs)
Super Group (SGHC) Earnings Call Summary
Earnings Call Date:Feb 23, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 27, 2026
Earnings Call Sentiment Positive
The call conveyed a strongly positive operational and financial performance for FY2025, including double-digit top-line growth, substantial EBITDA expansion and margin improvement, record customer and deposit metrics, strong cash generation and disciplined capital returns. Management also highlighted strategic technology initiatives (Apricot integration, AI pricing, Supercoin) and provided constructive 2026 guidance. Key risks discussed—sports-result volatility, regional regulatory/tax changes (UK, Alberta, South Africa), and some market-specific weakness (New Zealand, uncertain Nigeria rollout)—are material but appear manageable and largely embedded conservatively in guidance. Overall, the positives (robust growth, margin expansion, cash strength, strategic tech and product progress, and clear shareholder returns) notably outweigh the identified short-term and regulatory risks.Positive Updates
Record Annual Revenue and Strong Top-Line Growth
Total revenue for FY2025 reached $2,200,000,000, up 22% year-over-year, with Q4 revenue of $578,000,000, up 8% year-over-year.
Negative Updates
Late-Quarter Sports Results and Volatility
Customer-friendly sports outcomes in December negatively impacted results; estimated ~$20,000,000 EBITDA impact, demonstrating sports-margin volatility and risk to short-term profitability.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual Revenue and Strong Top-Line Growth
Total revenue for FY2025 reached $2,200,000,000, up 22% year-over-year, with Q4 revenue of $578,000,000, up 8% year-over-year.
Read all positive updates
Company Guidance
For 2026 Super Group guided to total revenue of at least $2,550,000,000 and adjusted EBITDA of more than $680,000,000 (versus FY25 revenue $2,200,000,000 and adjusted EBITDA $560,000,000, ~25% margin), calling the outlook “purely organic” and assuming continued customer engagement (Q4 average monthly active customers 6.1 million), a FIFA World Cup uplift, marketing discipline at roughly 22% of revenue, UK tax increases effective April, and Alberta regulation from mid‑year; the guide embeds Apricot annualized savings of about $35,000,000 and some early Supercoin/banking‑fee benefits, is supported by year‑end cash of $513,000,000 and a 72% EBITDA→FCF conversion in 2025, and the board raised the minimum quarterly dividend target from $0.04 to $0.05 per share (first payment toward March).Super Group (SGHC) Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
80
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2022 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.00B | 1.70B | 1.44B | 1.39B | 1.50B | 908.02M |
| Gross Profit | 1.05B | 841.42M | 666.28M | 703.14M | 876.85M | 542.20M |
| EBITDA | 402.21M | 241.49M | 101.69M | 305.19M | 357.60M | 216.04M |
| Net Income | 200.12M | 113.10M | -10.55M | 194.57M | 267.07M | 149.22M |
Balance Sheet | ||||||
| Total Assets | 1.19B | 1.10B | 1.06B | 940.49M | 955.68M | 674.36M |
| Cash, Cash Equivalents and Short-Term Investments | 485.00M | 401.73M | 267.42M | 273.22M | 332.64M | 184.31M |
| Total Debt | 72.00M | 73.25M | 32.31M | 19.80M | 22.67M | 268.93M |
| Total Liabilities | 450.00M | 517.21M | 466.56M | 367.14M | 373.66M | 587.64M |
| Stockholders Equity | 745.00M | 580.15M | 575.16M | 555.58M | 582.02M | 86.72M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 199.62M | 79.30M | 139.30M | 183.10M | 139.21M |
| Operating Cash Flow | 0.00 | 295.09M | 132.85M | 166.84M | 209.85M | 151.32M |
| Investing Cash Flow | 0.00 | -110.08M | -5.01M | -96.52M | -18.16M | -5.84M |
| Financing Cash Flow | 0.00 | -56.35M | -131.16M | -103.18M | -39.76M | -81.09M |
Super Group (SGHC) Technical Analysis
Positive
10.94
Price Trends
10.25
Positive
10.47
Positive
11.01
Negative
Market Momentum
0.07
Positive
55.00
Neutral
54.29
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 10.94 is above the 20-day moving average (MA) of 10.64, above the 50-day MA of 10.25, and below the 200-day MA of 11.01, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 55.00 is Neutral, neither overbought nor oversold. The STOCH value of 54.29 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $5.43B | 17.39 | 30.38% | 1.34% | 29.54% | 4389.69% | |
73 Outperform | $4.98B | 55.90 | 27.50% | ― | 23.15% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | $20.01B | 30.77 | 0.46% | ― | 18.51% | 37.25% | |
56 Neutral | $389.50M | ― | 16.40% | ― | 1.79% | ― | |
52 Neutral | $128.46M | -5.88 | -24.91% | ― | 24.21% | -92.49% | |
50 Neutral | $2.04B | -2.53 | -34.58% | ― | 8.24% | -77.54% |
* Consumer Cyclical Sector Average
SGHC
Super Group (SGHC)
10.94
3.80
53.18%
PENN
PENN Entertainment
15.61
1.34
9.39%
DKNG
DraftKings
22.96
-10.66
-31.71%
RSI
Rush Street Interactive
22.33
10.50
88.76%
CDRO
Codere Online
8.65
1.58
22.35%
GAMB
Gambling.com
3.67
-8.24
-69.19%
Super Group (SGHC) Corporate Events
Super Group Posts Solid 2025 Growth and Declares Special Cash Dividend
Jan 21, 2026
On January 21, 2026, Super Group (SGHC) reported that its casino segment underpinned another year of solid growth in 2025, with record quarterly highs in monthly active customers and customer deposits despite softer December sports margins, and sa...
Super Group Declares Fourth Dividend for 2025
Dec 4, 2025
On December 3, 2025, Super Group’s Board of Directors declared a regular cash dividend of 4¢ per share, payable on December 19, 2025, to shareholders of record as of December 15, 2025. This announcement brings the total dividends declar...
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.