Loading stockData sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Loading stockData sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Not financial advice. Analytical data for research only.
Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.
bet-at-home.com AG is a Germany-based joint stock corporation specializing in online sports betting and gaming services. Founded in 1999 in Wels, Austria, by Franz Ömer and Jochen Dickinger, it initially focused on sports betting before expanding into casino, poker, games, virtual sports, and live betting offerings. The company, headquartered in Düsseldorf, operates through subsidiaries in Austria, Malta, and Gibraltar, holding licenses for online sports betting and gaming across Germany and other European Union countries. As a subsidiary of the French Betclic Everest Group SAS since 2009, which holds a 53.9% stake, bet-at-home.com AG is listed on the Frankfurt Stock Exchange's Prime Standard segment. It serves over 5.8 million registered customers primarily in German-speaking regions, providing web-based platforms and mobile apps for pre-match and live betting. The group has evolved through product launches like poker in 2006, mobile platforms in 2013, and esports in 2018, while outsourcing operations to EveryMatrix in 2023 to enhance efficiency. With around 101 employees, it plays a key role in the European online gambling sector, emphasizing regulated markets and diverse entertainment options.
€3.25
€0.02 (-0.61%)
EOD Aug 17, 2026
The business is unprofitable at the operating level (-9.91% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 15.3%, still solid. Margins contracted 3.6pp, which offsets some of the top-line progress.
ROIC dropped from -6.03% to -12.15%, capital efficiency is deteriorating. Operating margin contracted 3.6pp YoY, cost discipline may be slipping.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
€42M
▲ +15.3% YoY
Net Income (TTM)
-€4M
▼ -195.8% YoY
Op. Margin
-9.91%
▼ -3.6pp YoY
ROIC
-12.15%
▼ -6.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€792K
▲ +661.5% YoY
Op. Cash Flow (TTM)
€8M
▲ +7461.5% YoY
Net Debt
-€32M
Net Cash Position
Cash & Equiv.
€34M
3Y CAGR: -4.4%
3Y CAGR: -57.7%
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bet-at-home.com (ACX.XETR) trades below a two-stage DCF intrinsic value of about €6.55 per share, so at €3.25 the stock looks undervalued (101.6% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, bet-at-home.com scores 27/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about €6.55 per share for ACX.XETR, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around €4.91. At today's €3.25, that puts the stock about 101.6% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
bet-at-home.com scores 27 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a -9.9% operating margin and a -12.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
That depends on valuation and quality together, not either alone. ACX.XETR currently trades below its estimated intrinsic value and scores 27/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.