OGQ: Bragg and Aspire Global are the top growth shares in Q1 2022

Share developments

• “Winner” – The biggest leap in the sample of online gambling focused companies was taken by Bragg with an increase of +35% over the past three months; followed by Aspire Global (+30%).
• “Loser” – Rush Street and PointsBet had the worst three-month performance in our analysis with a decrease of -57% and -47%, respectively.
• Average growth –  On average, share prices analysed decreased by -12%.

• Comparison to FTSE 100 – Compared to the three-month development of the FTSE 100 (+2%), the average growth of the online gambling industry looks “worse”.
• Multi-channel operators – Among the multi-channel operators that also operate a relevant retail business, Entain is the “winner” with a share development of -3% over the past months.
• Comparison to multi-channel operators – It is also interesting to compare the performance of exclusively online gambling companies with that of companies also operating a retail/land-based business. The share prices of the online/retail operators analysed decreased on average by -11% (compared to -12% for the online-only operators).

• NeoGames has the highest P/E ratio – NeoGames leads the ranking with a P/E ratio of 91.
• Average P/E ratio – The average P/E ratio of the sample analysed is 25 (median of 14).

• Evolution has the highest market cap / revenue ratio – Evolution leads the ranking in market capitalisation in relation to the most recent quarterly revenue with 68; it is followed by Inspired (35) and NeoGames (32).
• Average ratio – The average ratio of the companies analysed is 18 (median of 12).