Educational research only—not investment advice or a recommendation. Scores and estimates may use delayed, incomplete, restated, or corrected market and filing data. Independently verify information before making an investment decision.
Price updated todayFinancials updated Oct 19, 2026
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SGHC · Price history
Price at last available close
$10.51
−$1.21 (-10.32%) 1M
2026-10-28
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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Super Group (SGHC) Limited operates as an online sports betting and gaming operator. The company offers Betway, an online sports betting and casino offering; and Spin, a multi-brand online casino. It operates in Africa, the Middle East, the Asia-Pacific, Europe, North America, and South/Latin America.
How they make money
Super Group operates as a global online sports betting and gaming company. It generates revenue primarily through its online sports betting and casino platforms, where it manages its own proprietary technology and trading teams to set odds and facilitate wagering activities for customers across various regulated markets.
Products & services
The company provides online sports betting services through the Betway brand and a variety of online casino games through its multi-brand Spin offering.
Brands & revenue mix
Betway
Premier online sports betting brand.
Separate brand revenue is not available in this research.Source
Spin
Multi-brand online casino offering.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Third-party hosted services — The company utilizes various third-party hosted services to support its critical computer networks and communications systems.Source
Strengths
Proprietary technology and in-house trading teamsSource
Risks
Cybersecurity threats to critical computer networks and dataSource
Operational risks associated with third-party hosted servicesSource
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Total debt increased 40.8% versus the same quarter last year.
Compare the added borrowing with available cash, cash generation and maturities. A percentage increase from a small starting balance can look large without measuring the full debt burden.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
62
Fair
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
75
Strong
Financial Strength
55
Business Quality / Moat
94
Management
100
Growth Quality
54
Risk / Durability
72
Great Company · Attractive Price
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
69
Fully Valued
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
70/100
Building Historical Record
Model Score 70/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
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WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as moderate rather than unusually attractive.
The model outlook is currently moderate.
What we like
•Valuation scores attractively
What to watch
•Revenue fundamentals are weak
•Debt / balance-sheet profile needs attention
•Asset quality is a weaker factor
Company-specific research
Questions worth answering for SGHC
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can SGHC maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is SGHC's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•How is SGHC likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•Is SGHC's valuation discount tied to a temporary concern or to a longer-term business risk?
•What does the current fundamental change risk warning mean for the reliability or interpretation of SGHC's score?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for SGHC
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on SGHC.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Proprietary technology and in-house trading teams.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Gambling, Resorts & Casinos industry.
−Cybersecurity threats to critical computer networks and data.
−Operational risks associated with third-party hosted services.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Fair62/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Poor
39
Debt Cost13.6%
Debt Reduction YoY-10.6%
Debt / Equity0.10x
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Revenue
Weak
46
Revenue YoY8.9%
Revenue CAGR24.6%
Net Margin15.2%
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Asset
Weak
43
Asset Growth YoY15.6%
Liquidation/Share$1.64
Net Assets/MCap0.23x
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Capital
Poor
34
Earnings Yield6.6%
Buyback Yield1.0%
Debt Cost13.6%
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Management
Elite
100
ROIC76.1%
ROE44.4%
ROA27.1%
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Moat
Elite
94
EPS Growth34.5%
FCF/Share Growth36.9%
Rev/Share Growth21.6%
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Valuation
Elite
93
Intrinsic Value$28.11
Value Reference$16.86
MOS62.5%
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Buffett
Fair
64
Revenue46
Moat94
Valuation93
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MOS
Elite
100
MOS %62.5%
Value Reference$16.86
Deep Discount Reference$11.24
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Financial
Fair
62
Interest Coverage38.6x
ROIC76.1%
FCF Yield5.8%
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Master
Strong
70
Financial62
Valuation93
Debt39
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Resilience
Strong
88
Survival Years3.8 yrs
Current Ratio1.94x
FCF Margin14.6%
Tap for breakdown →
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Score Changes
3 historical score records available
Previous Score
62
Oct 1, 2026
Change
Unchanged
Current Score
62
Oct 19, 2026
Category Changes
Revenue+0.4
Debt0
Assets+0.2
Capital+1.0
Management0
Moat0
Valuation0
Buffett+0.2
SGHC score was unchanged.
Projected Score
Projected Score
59
Projected Change
-3.4 points
Preliminary comparable-period financial changes suggest decline of approximately 3.4 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
Revenue
$2.43B
$2.23B
$1.70B
$1.44B
····
····
····
····
Cost of Revenue
$1.71B
$1.62B
$855.4M
$769.8M
····
····
····
····
Gross Profit
$716.6M
$606.4M
$841.4M
$666.3M
····
····
····
····
Research & Development
$0.00
$0.00
$1.5M
$3.6M
····
····
····
····
SG&A Expenses
$182.9M
$166.9M
$576.7M
$463.6M
····
····
····
····
Operating Expenses
$182.9M
$181.5M
$578.3M
$591.3M
····
····
····
····
EBITDA
$615.7M
$366.9M
$271.4M
$101.7M
····
····
····
····
Operating Income
$533.7M
$424.9M
$263.2M
$75.0M
····
····
····
····
Interest Expense
$18.0M
$11.0M
$6.1M
$2.7M
····
····
····
····
Income Before Tax
$518.7M
$355.9M
$188.8M
$16.8M
····
····
····
····
Income Tax Expense
$146.9M
$138.0M
$75.3M
$25.4M
····
····
····
····
Net Income
$369.8M
$216.9M
$113.1M
-$10.6M
····
····
····
····
Basic EPS
$0.73
$0.43
$0.23
$-0.02
····
····
····
····
Basic Shares
508M
505M
502M
498M
····
····
····
····
Diluted Shares
511M
508M
504M
498M
····
····
····
····
Upgrade to Premium for up to 10 annual periods, where available.
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
What Weakened
Debt increased
Potential Score Impact
Positive indicators included revenue growth, cash levels, net income margin. Pressure indicators included EPS growth, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 0.3%. EPS declined 2680.6%. Cash increased 39.4%. Total debt increased 40.8%. Net income margin improved by 18.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
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Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.