IN THIS EPISODE, YOU’LL LEARN:

• Resources Kyle found most helpful in initially researching Evolution AB.
• What Evolution’s business model is and how they make money.
• How the quantitative metrics look for Evolution.
• The massive tailwinds at play in their industry.
• The difference between a regulated and unregulated market.
• What geographies Evolution has the largest presence in.
• What the competitive landscape looks like.
• How Evolution has been able to continue growing and withstand competition despite the high returns they’ve achieved for many years.
• An overview of Evolution’s management team and recent acquisitions.
• How Kyle thinks about the valuation.
• The most important KPIs to track for Evolution.

TRANSCRIPT

Disclaimer: The transcript that follows has been generated using artificial intelligence. We strive to be as accurate as possible, but minor errors and slightly off timestamps may be present due to platform differences.

[00:00:00] Clay Finck: On today’s episode, I’m joined by my co-host, Kyle Grieve, to kick off a new series titled Best Quality Ideas, where we discuss a quality Stock We Like for this quarter. To kick off this series, we’ll be covering evolution AB Evolution develops live casino games, which are played all around the globe.

[00:00:17] Clay Finck: What I personally like about evolution is that they’re really capitalizing on this trend from land-based casinos to online casinos. As more and more markets establish a regulatory framework, evolution is well-known in the world of quality investors as the stock has compounded by over 60% per year over the past five years, and it seems to still have a long runway for growth ahead.

[00:00:40] Clay Finck: In this episode, Kyle and I cover what Evolution’s business model is and how they make money. How the quantitative metrics look for evolution. Historically, the massive tailwinds at play in their industry, the difference between a regulated and unregulated market. What geographies evolution has the largest presence in the competitive landscape and evolution’s moat, an overview of evolution’s management team, and recent acquisitions, the valuation and the most important KPIs for investors to track and so much more.

[00:01:08] Clay Finck: Before we dive in, I’ve had many people reach out to me about the events. TIP is hosting during the weekend of the Berkshire Hathaway meeting in Omaha, we’ll be hosting live social events for members of our TIP Mastermind community, which is a paid group our most passionate audience members are a part of, and we’re also hosting a more private exclusive event known as the Berkshire Summit.

[00:01:28] Clay Finck: The Berkshire Summit is a rare opportunity to spend an evening with me, William Green in an amazing group of elite all-star investors, some of which have been very popular. Guests on the Richer Wiser Happier podcast. We only have a few more spots left for the summit, and you can learn more by staying until the end of this episode where I’m going to go into more detail or simply clicking the link in the show notes.

[00:01:50] Clay Finck: With that, I bring you today’s episode with Kyle Grieve on Evolution AB.

[00:01:58] Intro: You are listening to The Investor’s Podcast. Since 2014, we studied the financial markets and read the books that influenced self-made billionaires the most. We keep you informed and prepared for the unexpected. Now for your hosts, Clay Finck and Kyle Grieve,

[00:02:23] Clay Finck: Welcome to The Investor’s Podcast. I’m your host, Clay Finck, and today is a great day ’cause we have the start of a new series teed up for the listeners. As I’m joined by my co-host, Kyle Grieve. Kyle, how are you doing today? 

[00:02:36] Kyle Grieve: I’m doing great. Thank you for asking.

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BOOKS AND RESOURCES

• Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
• Alta Fox Research.
• An expert analyst on Evolution: Ali Gündüz.
• Shree Viswanathan’s recent letter which discussed Evolution.
• Learn more about the Berkshire Summit by clicking here or emailing Clay at clay@theinvestorspodcast.com.
• Related Episode: TIP587: Dino Polska: A Polish Compounder w/ Clay Finck & Kyle Grieve. | YouTube Video.
• Check out all the books mentioned and discussed in our podcast episodes here.

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