Loading…
Global online sports betting and gaming operator running the Betway and Spin brands across international markets.
Global online sports betting and gaming operator running the Betway and Spin brands across international markets.
Earns the house margin on each bet and game, meaning stakes minus winnings paid out, so results swing with sports outcomes, and spends heavily on marketing and sports sponsorships. Most customers are outside the US, in regulated markets such as Africa and Europe. It went public through a SPAC, a listed shell company, in 2022.
Moat: narrow (brand, scale). Established Betway brand recognition, including sports sponsorships, across many regulated international markets.
Headquarters: St. Peter Port, Guernsey · Founded: 2019 · Employees: 2,900
Size Super Group (SGHC) (SGHC) is a United States Consumer Discretionary company (Casinos/Gaming) with a market value of $5.77B, the 1089th largest of 3,117 United States companies the cockpit tracks. Shares closed at $11.36 on 6 Nov 2026.
Performance Over six months the shares fell 13.2%, against -12.3% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 18 in its peer set.
Growth Revenue grew 13.7% over the last twelve months (peer median +4.0%); the operating margin is 22.6% (peer median 17.3%).
Valuation It trades at 11.7× forward earnings against a peer median of 12.6× (8th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 93.2 points above its cost of capital (10.4% WACC).
Short interest Short interest is 6.1% of the free float (15 Oct 2026).
Next results Next results expected around 2 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.48B | $2.23B | $1.84B | $1.55B | $1.36B |
| Revenue growth | — | +22% | +18% | +14% | — |
| Gross profit | $755M | $607M | $389M | $252M | $277M |
| EBITDA | $654M | $499M | $316M | $204M | $223M |
| Net income | $416M | $217M | $122M | -$11.4M | $191M |
| Free cash flow | n/a | $326M | $275M | $152M | $178M |
| Capital expenditure | n/a | $114M | $99.2M | $57.9M | $28.9M |
| Total debt | $78.0M | $81.0M | $72.9M | $32.3M | $19.7M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Super Group (SGHC) SGHC | $5.77B | -13% | +14% | 23% | 11.7× | -0.2% |
| Entain ENT.L | $4.05B | -11% | 0% | 11% | 8.9× | 3.2% |
| Flutter Entertainment FLUT | $14.2B | -19% | +12% | 2% | 14.3× | 26.3% |
| DraftKings DKNG | $9.19B | -27% | +15% | -3% | 55.1× | 9.7% |
| Betsson BETS-B.ST | $1.34B | +10% | 0% | 14% | 10.4× | -18.0% |
| Rush Street Interactive RSI | $2.83B | -56% | +39% | 11% | 16.9× | 13.5% |
| Codere Online Luxembourg CDRO | $386M | -6% | +9% | 3% | 19.8× | 19.6% |
| FDJ United FDJU.PA | $4.49B | -5% | +3% | 15% | 10.6× | -2.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SGHC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.6% | +4.9% | 4th lowest of 18 |
| 6-month return | -13.2% | -12.3% | 9th lowest of 18 |
| Distance from 52-week high | -28.4% | -37.3% | 8th highest of 18 |
| Revenue growth (TTM) | +13.7% | +4.0% | 2nd highest of 18 |
| Operating margin | 22.6% | 17.3% | 7th highest of 18 |
| Forward P/E | 11.7× | 12.6× | 8th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -0.2% | 2.6% | 6th least demanding of 15 |
| Growth delivered (Del g) | +16.6% | +27.7% | 5th lowest of 15 |
| Hurdle (Req g minus delivered) | -16.8 pp | -22.2 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | +93.2 pp | +4.0 pp | highest of 18 |
| EV / EBITDA | 8.0× | 8.5× | 7th cheapest of 17 |
| Net debt / EBITDA | -0.8× | 3.1× | 4th least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Super Group (SGHC) SGHC | United States | $5.77B | -13% | +14% | 23% | 11.7× | -0.2% | +16.6% |
| Caesars Entertainment CZR | United States | $5.96B | +4% | +3% | 17% | n/a | 5.8% | +25.9% |
| Boyd Gaming BYD | United States | $5.41B | -11% | 0% | 19% | 10.1× | n/a | n/a |
| Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh LNW.AX | Australia | $6.22B | +1% | 0% | 27% | 9.4× | -8.5% | +15.8% |
| MGM China 2282.HK | Hong Kong | $4.85B | -12% | +11% | 31% | 9.3× | -3.1% | +48.5% |
| Lottomatica LTMC.MI | Italy | $7.17B | +4% | +4% | 21% | 15.4× | -1.4% | +42.7% |
| FDJ United FDJU.PA | France | $4.49B | -5% | +3% | 15% | 10.6× | -2.8% | +13.9% |
| MGM Resorts MGM | United States | $8.18B | -17% | +3% | 6% | 24.0× | 16.0% | +27.7% |
| Entain ENT.L | United Kingdom | $4.05B | -11% | 0% | 11% | 8.9× | 3.2% | +8.1% |
| Wynn Resorts WYNN | United States | $8.56B | -19% | +6% | 16% | 20.8× | 1.7% | +27.8% |
| Wynn Macau 1128.HK | Hong Kong | $2.99B | -24% | +9% | 29% | 8.7× | -2.4% | +31.1% |
| Sands China 1928.HK | Hong Kong | $11.4B | -30% | +9% | 26% | 12.9× | 2.5% | +34.0% |
| Rush Street Interactive RSI | United States | $2.83B | -56% | +39% | 11% | 16.9× | 13.5% | +32.4% |
| Flutter Entertainment FLUT | United States | $14.2B | -19% | +12% | 2% | 14.3× | 26.3% | +23.7% |
| PENN Entertainment PENN | United States | $2.34B | +4% | +6% | 6% | 12.3× | 15.2% | +14.2% |
| Kangwonland 035250.KS | South Korea | $2.13B | -16% | +2% | 15% | 11.0× | n/a | n/a |
| Brightstar Lottery BRSL | United States | $1.82B | -24% | +1% | 25% | 15.2× | n/a | n/a |
| Galaxy Ent 0027.HK | Hong Kong | $19.4B | +8% | +8% | 32% | 14.2× | 2.8% | +28.7% |