Member Info for asartara

The market is often slow to realise the value of a share and it can often take some time for undervalued shares to reach a fairer valuation

The debt should be quite easily manageable for 888

Interest rates are near the peak now and will soon be falling again

Entain has about £3 billion of debt, and it is valued at about 2x Revenue

Flutter has about £5 billion of debt, and it is valued at about 3x Revenue

888 is currently valued at about 0.15x Revenue

If 888 was valued the same as Entain, the 888 share price would be between about £8 and £10

If 888 was valued the same as Flutter, the 888 share price would be between about £12 and £15

It will probably take a few years for 888 to trade at similar levels but a valuation of 1x Revenue for 888 would seem to be reasonable

This would give a fair valuation for 888 of about £5

888 have also forecast over 35p eps for 2025, and assuming a PE of about 14, this also gives a fair valuation for 888 of about £5

The largest publicly listed betting and gambling company is Flutter, and it trades at about 3x Revenue

The second largest Entain trades at about 2x Revenue

And the third largest 888 trades at about 0.15x Revenue

So if 888 was to trade at a similar valuation to Entain, then the 888 share price would be well over £8

And if 888 was to trade at a similar valuation to Flutter, then the 888 share price would be well over £12