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Evolution has been a pioneer in the Reside game sector and is enjoying a important moat, which is increasing as the enterprise gets larger. For 2028, I anticipate the organization to have a market worth of €50.5B and a share price tag of €246, supplying investors with an 18% CAGR return plus a two.5% dividend yield. I don't see this as a important deal, but I believe this tactic would be far more efficient for shareholders to steer clear of getting taxed when getting dividends, and just being taxed when shares are sold. I believe Evolution is not going to be able to cut the dividend, but I see some adjustments since the company is limiting the dilution and even minimizing outstanding shares slightly over the final couple of years. The business has generated a robust totally free money flow of €954M (57.six% margins) for the last twelve months and has a solid balance position, with a total debt of €868M even though owning €541M in money. He invented games such as Crazy Time, Lightning Roulette, and Monopoly Reside, amongst other individuals, and I would strongly advocate watching Mr. Haushalter's available interviews. I think he is 1 of the principal ones responsible for the remarkable development of Evolution driven by innovation. Evolution's board of directors nevertheless consists of each founders of the company, Jens Von Bahr (Chairman of the board) and Fredrik Österberg (Board member).