SGHC - Super Group (SGHC) Limited

SGHC

Valuation Ratios

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Price to Earnings	26.57	-135.47	7.55
Price to Sales	1.77	0.99	1.06
Book Value Per Common Share	1.15	1.16	1.12	1.20
Price to Book	5.41	2.74	2.69
Price to Operating Cash Flow	10.59	10.76	8.22
Price to Free Cash Flow	15.66	18.02	9.84
Enterprise Value to EBITDA	110566.36	140413.80	48941.87

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Price to Earnings	69.55		55.04		182.41
Price to Sales	11.98	9.58	6.28	7.31	4.11
Book Value Per Common Share	1.47	1.32	1.28	1.15	1.22
Price to Book	8.96	8.34	5.05	5.41	2.98
Price to Operating Cash Flow
Price to Free Cash Flow
Enterprise Value to EBITDA	442011.63	924468.52	298741.01	290454.49	372927.55

Earnings Data

Breakdown	2024-12-31	2023-12-31	2022-12-31
Earning YoY			-28.07
Revenue YoY	11.23	14.56	-7.32
EBITDA YoY	152.33	-63.17	-14.66
Net Profit YoY			-27.14

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Earning YoY
Revenue YoY	-3.80	11.99	20.53	-3.17
EBITDA YoY	151.67	-44.95	0.95	120.36
Net Profit YoY			-6.87	533.50

Financial Strength

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Cash Per Common Share	0.80	0.54	0.56	0.69
Quick Ratio	1.07	0.93	1.21	1.47
Current Ratio	1.25	1.26	1.82	1.81
Debt to Equity	0.89	0.78	0.64	0.64
Long-Term Debt to Equity	0.12	0.06	0.06	0.04

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash Per Common Share	0.95	0.81	0.72	0.80	0.66
Quick Ratio	1.73	1.55	1.39	1.07	1.30
Current Ratio	1.75	1.58	1.42	1.25	1.41
Debt to Equity	0.61	0.68	0.69	0.89	0.73
Long-Term Debt to Equity	0.09	0.11	0.11	0.12	0.12

Profitability

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
ROA	10.74	-1.10	20.69	27.95
ROE	20.35	-1.96	33.94	45.89
Gross Margin	49.59	46.39	50.74	58.64
Operating Margin	11.48	1.36	16.86	17.59
EBITDA Margin	16.06	7.08	22.02	23.92
Net Profit Margin	6.67	-0.73	14.04	17.86

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
ROA	8.05	-0.36	5.43	5.78	0.91
ROE	12.92	-0.60	9.19	10.96	1.58
Gross Margin	33.39	29.19	29.01	132.97	20.54
Operating Margin	24.06	7.08	17.60	22.09	6.32
EBITDA Margin	27.11	10.36	21.08	25.17	11.06
Net Profit Margin	17.24	-0.69	11.41	14.77	2.26

Dividends

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Dividend Yield
Dividend Payout Ratio

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Dividend Yield
Dividend Payout Ratio

Financial Statements

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets	1,095,398.59	1,062,146.69	940,492.66	955,675.82
Current Assets	560,473.88	544,266.84	600,721.72	633,083.49
Cash and Short-Term Investments	401,725.27	267,421.65	273,223.31	332,644.19
Cash and Cash Equivalents	388,010.53	267,421.65	273,223.31	332,644.19
Short-Term Investments	13,714.74	0	0	0
Net Receivables	78,388.36	132,746.37	127,769.73	180,136.32
Inventory	0	0	94.00	45.29
Other Current Assets	0	0	199,634.68	120,257.69
Non-Current Assets	534,924.71	517,879.84	339,770.94	322,592.33
Property, Plant, Equipment Net	89,175.97	46,727.46	30,237.32	30,614.12
Goodwill	94,589.03	104,919.03	66,009.29	28,331.56
Intangible Assets	294,149.90	213,778.81	176,598.14	195,822.11
Long-Term Investments	3,057.20	192.34	1,909.94	1,908.92
Non-Current Deferred Assets	40,409.57	40,571.49	24,980.43	27,295.58
Other Non-Current Assets	13,543.04	111,690.71	40,035.82	38,620.05
Liabilities	517,206.90	466,562.76	367,139.59	373,655.49
Current Liabilities	446,699.83	432,316.37	330,523.65	349,983.02
Payables and Expenses	377,287.44	244,549.83	220,983.60	212,718.24
Account Payables	92,190.51	88,997.96	68,349.26	87,918.07
Current Accrued Liabilities	168,238.62	109,352.79	87,575.20	66,530.42
Short-Term Debt	6,066.53	5,872.99	8,744.33	9,466.50
Other Current Liabilities	63,345.85	181,893.55	100,795.72	127,798.28
Non-Current Liabilities	70,507.07	34,246.39	36,615.94	23,672.47
Long-Term Debt	67,185.57	26,440.06	11,054.27	13,201.69
Other Non-Current Liabilities	3,321.51	7,806.33	25,561.67	10,470.78
Equity	578,191.69	595,583.93	573,353.07	582,020.33
Shareholders Equity	580,154.21	575,156.14	555,584.51	582,020.33
Capital Stock	301,508.83	320,292.93	310,730.41	304,950.07
Share Premium	0	0	0	0
Retained Earnings	270,631.94	265,979.11	251,298.14	279,441.14
Treasury Shares	2,738.79	2,909.41	0	0
Accumulated Other Comprehensive Income	10,752.23	-8,206.49	-6,444.04	-2,370.87
Minority Interest	-1,962.52	20,427.79	17,768.56	0
Debt	73,252.10	32,313.05	19,798.60	22,668.19
Common Shares Outstanding	503,407.78	497,938.84	497,887.72	483,715.05

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenues	1,765,698.59	1,587,483.56	1,385,762.85	1,495,276.38
Cost Of Revenue	890,137.46	850,976.62	682,623.94	618,430.29
Interest Income	10,639.85	9,851.32	2,382.87	1,485.47
Interest Expense	6,328.76	3,013.32	1,442.37	7,212.25
Non-Interest Expense	549,897.50	512,419.17	488,686.21	535,356.99
Gross Profit	875,561.13	736,506.94	703,138.91	876,846.09
Operating Expenses	674,007.55	653,628.48	587,761.80	643,728.63
Selling, General and Administrative Expenses	549,897.50	512,419.17	488,686.21	535,356.99
Other Operating Expenses	43,248.25	50,357.60	27,515.58	13,763.28
Operating Income	201,553.57	82,878.46	115,377.11	233,117.46
Net Non-Operating Income	0	0	-135,392.34	0
EBT	196,457.89	18,548.61	232,183.72	255,777.72
Income Tax	78,306.16	28,061.68	36,718.89	-11,288.24
Net Income Including Non-Controlling Interests	118,151.74	-9,513.07	195,464.83	267,065.96
Net Income Non-Controlling Interests	-465.14	-2,150.00	-890.09	0
Net Income	117,686.60	-11,663.07	194,574.74	267,065.96
EBIT	202,786.65	21,561.93	233,626.10	262,989.97
Deprecation and Amortization	80,861.80	90,851.71	71,560.02	94,608.36
EBITDA	283,648.45	112,413.64	305,186.11	357,598.33
EPS	0.00	-0.00	0.00	0.00
Diluted EPS	0.00	-0.00	0.00	0.00
Average Shares Outstanding Basic	501,803.29	498,243.79	490,017.40	483,715.05
Average Shares Outstanding Diluted	503,697.93	498,243.79	490,035.08	483,715.05

Breakdown	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Cash Flow	295,088.50	146,851.27	178,914.52	237,599.92
Operating Net Income	118,151.74	-9,513.07	195,464.83	267,065.96
Deprecation and Amortization	80,861.80	90,851.71	71,560.02	94,608.36
Deferred Income Tax	78,306.16	28,061.68	36,718.89	-11,288.24
Share Based Compensation	0	0	0	0
Change in Working Capital	25,096.51	-30,683.69	8,637.09	-65,615.59
Other Operating Activities	-7,327.71	68,134.64	-133,466.31	-47,170.58
Investing Cash Flow	-110,077.94	-5,541.37	-103,511.03	-20,561.13
Capital Expenditure	0	0	0	0
Net Purchase/Sale of PPE	-13,888.51	-10,065.77	-6,767.90	-3,563.10
Net Purchase/Sale of Investments Net	-30,097.50	-78,544.19	-7,721.26	1,313.38
Net Purchase/Sale of Business	9,553.49	-11,351.35	7,809.20	22,432.69
Other Investing Activities	-75,645.41	94,419.94	-96,831.07	-40,744.10
Financing Cash Flow	-56,345.93	-144,988.67	-110,648.91	-45,020.49
Net Issuance/Repayment of Debt	-5,648.22	-140,002.21	-36,145.16	-31,160.98
Net Issuance/Repurchase of Equity	0	-2,909.41	-57,577.02	-8,671.68
Dividends Paid	0	0	0	0
Other Financing Activities	-50,697.70	-2,077.05	-16,926.72	-5,187.84
Net Change in Cash	128,664.63	-3,678.77	-35,245.42	172,018.30
Cash at Beginning of Period	251,738.28	281,631.57	315,068.26	156,857.86
Cash at End of Period	388,010.53	267,421.65	273,223.31	332,644.19
Free Cash Flow	199,622.27	87,654.89	149,380.69	207,309.62

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Assets	1,193,000.00	1,117,000.00	1,086,000.00	1,095,398.59	1,095,265.49
Current Assets	665,000.00	601,000.00	530,000.00	560,473.88	539,329.19
Cash and Short-Term Investments	478,000.00	409,000.00	365,000.00	401,725.27	331,299.84
Cash and Cash Equivalents	462,000.00	393,000.00	351,000.00	388,010.53	331,299.84
Short-Term Investments	16,000.00	16,000.00	14,000.00	13,714.74	0
Net Receivables	180,000.00	182,000.00	155,000.00	78,388.36	165,687.90
Inventory	0	0	0	0	0
Other Current Assets	7,000.00	10,000.00	10,000.00	80,360.25	42,341.46
Non-Current Assets	528,000.00	516,000.00	556,000.00	534,924.71	555,936.29
Property, Plant, Equipment Net	106,000.00	100,000.00	96,000.00	89,175.97	92,411.82
Real Estate	3,000.00	0	0	0	0
Goodwill	84,000.00	85,000.00	97,000.00	94,589.03	99,915.12
Intangible Assets	282,000.00	281,000.00	310,000.00	294,149.90	297,542.83
Long-Term Investments	4,000.00	4,000.00	3,000.00	3,057.20	3,385.31
Non-Current Deferred Assets	24,000.00	27,000.00	35,000.00	40,409.57	48,193.98
Other Non-Current Assets	25,000.00	0	0	0	0
Liabilities	450,000.00	454,000.00	444,000.00	517,206.90	460,970.13
Current Liabilities	380,000.00	381,000.00	373,000.00	446,699.83	382,350.84
Payables and Expenses	283,000.00	282,000.00	298,000.00	377,287.44	304,448.59
Account Payables	251,000.00	265,000.00	260,000.00	92,190.51	269,922.04
Current Accrued Liabilities	0	0	0	168,238.62	0
Short-Term Debt	5,000.00	6,000.00	6,000.00	6,066.53	5,977.62
Other Current Liabilities	92,000.00	93,000.00	69,000.00	63,345.85	71,924.63
Non-Current Liabilities	70,000.00	73,000.00	71,000.00	70,507.07	78,619.30
Long-Term Debt	67,000.00	70,000.00	68,000.00	67,185.57	72,594.77
Other Non-Current Liabilities	3,000.00	3,000.00	3,000.00	3,321.51	6,024.53
Equity	743,000.00	663,000.00	642,000.00	578,191.69	634,295.35
Shareholders Equity	745,000.00	665,000.00	645,000.00	580,154.21	613,819.33
Capital Stock	344,000.00	344,000.00	344,000.00	301,508.83	323,623.43
Share Premium	0	0	0	0	0
Retained Earnings	388,000.00	311,000.00	332,000.00	270,631.94	279,969.62
Treasury Shares	3,000.00	3,000.00	3,000.00	2,738.79	2,939.67
Accumulated Other Comprehensive Income	16,000.00	13,000.00	-28,000.00	10,752.23	13,165.95
Minority Interest	-2,000.00	-2,000.00	-3,000.00	-1,962.52	20,476.02
Debt	72,000.00	76,000.00	74,000.00	73,252.10	78,572.39
Common Shares Outstanding	505,637.59	505,637.59	505,637.59	503,407.78	503,407.78

Breakdown	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31
Revenues	557,000.00	579,000.00	517,000.00	428,942.72	443,000.00	0	0
Cost Of Revenue	371,000.00	410,000.00	367,000.00	-141,427.09	352,000.00	0	0
Interest Income	3,000.00	3,000.00	2,000.00	1,685.71	3,000.00	0	0
Interest Expense	1,000.00	2,000.00	2,000.00	1,054.78	2,000.00	0	0
Non-Interest Expense	45,000.00	47,000.00	43,000.00	416,612.94	43,000.00	0	0
Gross Profit	186,000.00	169,000.00	150,000.00	570,369.80	91,000.00	0	0
Operating Expenses	55,000.00	65,000.00	61,000.00	478,019.44	64,000.00	0	0
Selling, General and Administrative Expenses	45,000.00	47,000.00	43,000.00	416,612.94	43,000.00	0	0
Other Operating Expenses	-7,000.00	0	0	48,170.40	-106.10	-771.77	-4,000.00
Operating Income	131,000.00	104,000.00	89,000.00	92,350.37	27,000.00	0	0
EBT	133,000.00	39,000.00	89,000.00	93,684.65	26,000.00	0	0
Income Tax	37,000.00	42,000.00	30,000.00	29,733.55	16,000.00	0	0
Net Income Including Non-Controlling Interests	96,000.00	-3,000.00	59,000.00	63,951.10	10,000.00	0	0
Net Income Non-Controlling Interests	0	-1,000.00	0	-601.40	0	0	0
Net Income	96,000.00	-4,000.00	59,000.00	63,349.70	10,000.00	0	0
EBIT	134,000.00	41,000.00	91,000.00	94,739.43	28,000.00	0	0
Deprecation and Amortization	17,000.00	19,000.00	18,000.00	13,236.10	21,000.00	0	0
EBITDA	151,000.00	60,000.00	109,000.00	107,975.52	49,000.00	0	0
EPS	0.00	0	0.00	0	0.00	-0.00	0.00
Diluted EPS	0.00	0	0.00	0	0.00	-0.00	0.00
Average Shares Outstanding Basic	505,728.59	0	504,000.00	0	502,015.73	501,447.01	501,000.00
Average Shares Outstanding Diluted	508,465.30	0	505,000.00	0	504,156.73	501,447.01	502,000.00

Breakdown
Operating Cash Flow
Operating Net Income
Deprecation and Amortization
Deferred Income Tax
Share Based Compensation
Change in Working Capital
Other Operating Activities
Investing Cash Flow
Capital Expenditure
Net Purchase/Sale of PPE
Net Purchase/Sale of Investments Net
Net Purchase/Sale of Business
Other Investing Activities
Financing Cash Flow
Net Issuance/Repayment of Debt
Net Issuance/Repurchase of Equity
Dividends Paid
Other Financing Activities
Net Change in Cash
Cash at Beginning of Period
Cash at End of Period
Free Cash Flow