Risk factor
Very high price volatility
Profitability factor
Favourable analyst view
About
Betmakers Technology Group Ltd, through its various subsidiaries, designs and delivers cutting-edge software, data solutions, and analytical instruments for the business-to-business (B2B) betting industry. Its extensive reach covers Australia, New Zealand, the United States, the United Kingdom, and other international markets. The company operates via three core divisions: Global Racing Network, Global Betting Services, and Global Tote. Betmakers empowers racing authorities and rights holders by assisting in the generation and circulation of race content, which encompasses barrier systems, official odds calculation, live vision, and pricing distribution. Beyond this, it furnishes advanced racing software, comprehensive data sets, and insightful analytical tools. These offerings include fundamental race statistics like odds, participant lists, and form guides; sophisticated analytical utilities for processing and leveraging this information; and specialized wagering applications. Additionally, the firm provides pari-mutuel (tote) software along with integration services, aimed at optimizing pool liquidity and expediting race outcome finalization. Founded in 2013, Betmakers Technology Group Ltd maintains its corporate head office in The Junction, Australia.
Company Valuation
Considering past and projected metrics, the stock is distinctly 'expensive' compared to its peers. In particular, the stock is 'expensive' on EV/EBITDA, overvalued on P/F
Target Price
The average target price of BET.AX is 0.25 and suggests 52% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to incr