Aguero1010 @Aguero1010: "$KINDSDB.ST 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐚𝐲𝐬 -..."

Romania

Edited

$KINDSDB.ST (Kindred Group plc) 𝐂𝐚𝐩𝐢𝐭𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐚𝐲𝐬 - 𝐊𝐢𝐧𝐝𝐫𝐞𝐝 Kindred held the Capital Market Days on September 14 with many useful information for its customers and shareholders. 𝗡𝘂𝗺𝗯𝗲𝗿𝘀: Between 2016 and 2021 Kindred achieved the below numbers: - 18% Revenue CAGR (Compound annual growth rate) - 11% Active customer CAGR - 70% Free cash flow conversion - 535mil GBP distribution in form of dividends and share buybacks - Live operators growth from 16 in 2016 to 192 in 2022 𝗧𝗵𝗲 𝗗𝘂𝘁𝗰𝗵 𝗺𝗮𝗿𝗸𝗲𝘁 - 𝘁𝗵𝗲 𝗯𝗶𝗴𝗴𝗲𝘀𝘁 𝗰𝗮𝘁𝗮𝗹𝘆𝘀𝘁: The company obtained the operating license in the Netherlands and the the market is growing really fast, the results are better than expected. The Dutch market currently has 115.000 active customers (since 4th July this year) and Kindred is expecting to achieve 15% market share in The Netherlands by end of the fiscal year 2022. Kindred has a good, diversified portfolio of brands across the world (see the attached photo). 𝗢𝘂𝘁𝗹𝗼𝗼𝗸: - CAGR of 7% until 2026 at the group level with 32% in North America - 2025 Revenue target: 1,6bn GPB - Free cash flow distribution of 70-100% - Stable CAPEX (capital expenditure) Capital allocation strategy: Kindred will focus on organic growth, improving its balance sheet, capturing market share in the existing markets. The online gambling and casino industry is expected to grow at 11,7% until 2030. Kindred expectations are more conservative but with good potential. In my fair value calculation I am using the conservative values and Kindred is still looking undervalued. The company is using well its money but the risk of recession exists as long as the industry is not a basic necessity and different regulations can occur. On 27th of October they will release their earnings for Q3 2022. source: www.kindredgroup.com/investors statista.com Regards, Levente $EVOK.L (Evoke PLC) $FLTR.L (Flutter Entertainment) $200.HK (Melco International Development Ltd) $BYD (Boyd Gaming)

5 Mentioned

KINDSDB.ST

Kindred Group plc

EVOK.L

Evoke PLC

FLTR.L

Flutter Entertainment

200.HK

Melco International Development Ltd

BYD

Boyd Gaming