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SHARPLINK GAMING INC (SBET) Stock Fundamental Analysis

USA - Nasdaq - NASDAQ:SBET - US8200144058 - Common Stock

8.96 USD
+0.06 (+0.67%)
Last: 12/29/2025, 8:18:47 PM
8.88 USD
-0.08 (-0.89%)
After Hours: 12/29/2025, 8:18:47 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to SBET. SBET was compared to 133 industry peers in the Hotels, Restaurants & Leisure industry. SBET may be in some trouble as it scores bad on both profitability and health. SBET is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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0

1. Profitability

1.1 Basic Checks

In the past year SBET has reported negative net income.
In the past year SBET had a positive cash flow from operations.
In the past 5 years SBET always reported negative net income.
In the past 5 years SBET reported 4 times negative operating cash flow.
SBET Yearly Net Income VS EBIT VS OCF VS FCFSBET Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -10M -20M -30M -40M -50M

1.2 Ratios

With a Return On Assets value of -32.76%, SBET is not doing good in the industry: 95.49% of the companies in the same industry are doing better.
Industry RankSector Rank
ROA -32.76%
ROE N/A
ROIC N/A
ROA(3y)-104.67%
ROA(5y)-69.83%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
SBET Yearly ROA, ROE, ROICSBET Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 200 -200 -400

1.3 Margins

Looking at the Gross Margin, with a value of 33.50%, SBET is doing worse than 72.18% of the companies in the same industry.
SBET's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for SBET so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 33.5%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-17.56%
GM growth 5Y-13.34%
SBET Yearly Profit, Operating, Gross MarginsSBET Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 -500 -1K

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3

2. Health

2.1 Basic Checks

SBET does not have a ROIC to compare to the WACC, probably because it is not profitable.
SBET has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, SBET has more shares outstanding
Compared to 1 year ago, SBET has a worse debt to assets ratio.
SBET Yearly Shares OutstandingSBET Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 50K 100K 150K 200K
SBET Yearly Total Debt VS Total AssetsSBET Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

2.2 Solvency

An Altman-Z score of 10.80 indicates that SBET is not in any danger for bankruptcy at the moment.
The Altman-Z score of SBET (10.80) is better than 96.99% of its industry peers.
The Debt to FCF ratio of SBET is 43.18, which is on the high side as it means it would take SBET, 43.18 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 43.18, SBET is in line with its industry, outperforming 42.86% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 43.18
Altman-Z 10.8
ROIC/WACCN/A
WACC8.75%
SBET Yearly LT Debt VS Equity VS FCFSBET Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 5M -5M 10M

2.3 Liquidity

SBET has a Current Ratio of 0.90. This is a bad value and indicates that SBET is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.90, SBET is in line with its industry, outperforming 48.12% of the companies in the same industry.
A Quick Ratio of 0.90 indicates that SBET may have some problems paying its short term obligations.
SBET's Quick ratio of 0.90 is in line compared to the rest of the industry. SBET outperforms 51.13% of its industry peers.
Industry RankSector Rank
Current Ratio 0.9
Quick Ratio 0.9
SBET Yearly Current Assets VS Current LiabilitesSBET Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M

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4

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 15.72% over the past year.
Looking at the last year, SBET shows a very negative growth in Revenue. The Revenue has decreased by -32.06% in the last year.
Measured over the past years, SBET shows a decrease in Revenue. The Revenue has been decreasing by -3.31% on average per year.
EPS 1Y (TTM)15.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-4574.42%
Revenue 1Y (TTM)-32.06%
Revenue growth 3Y7.2%
Revenue growth 5Y-3.31%
Sales Q2Q%36.05%

3.2 Future

Based on estimates for the next years, SBET will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.41% on average per year.
The Revenue is expected to grow by 389.56% on average over the next years. This is a very strong growth
EPS Next YN/A
EPS Next 2Y42.69%
EPS Next 3Y26.57%
EPS Next 5Y19.41%
Revenue Next YearN/A
Revenue Next 2Y2316.03%
Revenue Next 3Y731.28%
Revenue Next 5Y389.57%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
SBET Yearly Revenue VS EstimatesSBET Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2025 2026 2027 500M 1B 1.5B 2B 2.5B
SBET Yearly EPS VS EstimatesSBET Yearly EPS VS EstimatesYearly EPS VS Estimates 2025 2026 2027 0.5 1 1.5 2

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SBET. In the last year negative earnings were reported.
Industry RankSector Rank
PE N/A
Fwd PE N/A
SBET Price Earnings VS Forward Price EarningsSBET Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0 0 0 0 0 0 0

4.2 Price Multiples

Based on the Price/Free Cash Flow ratio, SBET is valued a bit more expensive than 62.41% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5939.79
EV/EBITDA N/A
SBET Per share dataSBET EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 -20 -40 -60 -80

4.3 Compensation for Growth

SBET's earnings are expected to grow with 26.57% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y42.69%
EPS Next 3Y26.57%

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0

5. Dividend

5.1 Amount

No dividends for SBET!.
Industry RankSector Rank
Dividend Yield 0%

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SHARPLINK GAMING INC

NASDAQ:SBET (12/29/2025, 8:18:47 PM)

After market: 8.88 -0.08 (-0.89%)

8.96

+0.06 (+0.67%)

Chartmill FA Rating
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)11-12 2025-11-12/amc
Earnings (Next)03-16 2026-03-16
Inst Owners35.54%
Inst Owner Change421.15%
Ins Owners0.11%
Ins Owner Change6.58%
Market Cap1.76B
Revenue(TTM)14.87M
Net Income(TTM)-23.35M
Analysts84
Price Target35.96 (301.34%)
Short Float %12.19%
Short Ratio2.1
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-8.44%
PT rev (3m)-26.56%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 118.5
P/FCF 5939.79
P/OCF 3023.4
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)-98.93
EYN/A
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)0
FCFY0.02%
OCF(TTM)0
OCFY0.03%
SpS0.08
BVpS-0.05
TBVpS-0.05
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -32.76%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 33.5%
FCFM 1.99%
ROA(3y)-104.67%
ROA(5y)-69.83%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-17.56%
GM growth 5Y-13.34%
F-Score5
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 43.18
Debt/EBITDA N/A
Cap/Depr 266.48%
Cap/Sales 1.92%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.9
Quick Ratio 0.9
Altman-Z 10.8
F-Score5
WACC8.75%
ROIC/WACCN/A
Cap/Depr(3y)125.48%
Cap/Depr(5y)96.96%
Cap/Sales(3y)4.75%
Cap/Sales(5y)3.13%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)15.72%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-4574.42%
EPS Next YN/A
EPS Next 2Y42.69%
EPS Next 3Y26.57%
EPS Next 5Y19.41%
Revenue 1Y (TTM)-32.06%
Revenue growth 3Y7.2%
Revenue growth 5Y-3.31%
Sales Q2Q%36.05%
Revenue Next YearN/A
Revenue Next 2Y2316.03%
Revenue Next 3Y731.28%
Revenue Next 5Y389.57%
EBIT growth 1Y40.2%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next YearN/A
EBIT Next 3Y90.08%
EBIT Next 5YN/A
FCF growth 1Y104.86%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y109.81%
OCF growth 3YN/A
OCF growth 5YN/A

SHARPLINK GAMING INC / SBET FAQ

Can you provide the ChartMill fundamental rating for SHARPLINK GAMING INC?

ChartMill assigns a fundamental rating of 2 / 10 to SBET.


What is the valuation status for SBET stock?

ChartMill assigns a valuation rating of 1 / 10 to SHARPLINK GAMING INC (SBET). This can be considered as Overvalued.


How profitable is SHARPLINK GAMING INC (SBET) stock?

SHARPLINK GAMING INC (SBET) has a profitability rating of 0 / 10.


How financially healthy is SHARPLINK GAMING INC?

The financial health rating of SHARPLINK GAMING INC (SBET) is 3 / 10.