ARISTOCRAT LEISURE LIMITED (ALL)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

ALL - ARISTOCRAT LEISURE LIMITED

FNArena Sector : Gaming
Year End: September
GICS Industry Group : Consumer Services
Debt/EBITDA: 0.99
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Aristocrat Leisure designs, manufactures and services gaming machines and associated equipment. It also has a range of digital games and operates in over 90 countries. It was first listed in July 1996.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$67.57

20 Nov
2024

-1.360

OPEN

$68.60

-1.97%

HIGH

$68.97

1,872,521

LOW

$67.52

TARGET
$70.75 4.7% upside
OTHER COMPANIES IN THE SAME SECTOR
AGI . BET . JIN . LNW . PBH . PLY . SGR . SKC . TAH . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
ALL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 204.8 263.8 xxx
DPS (cps) xxx 78.0 92.1 xxx
EPS Growth xxx - 8.0% 28.8% xxx
DPS Growth xxx 21.9% 18.0% xxx
PE Ratio xxx N/A 25.6 xxx
Dividend Yield xxx N/A 1.4% xxx
Div Pay Ratio(%) xxx 38.1% 34.9% xxx

Dividend yield today if purchased 3 years ago: 1.73%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.15

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 23/05 - ex-div 36c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx204.8
DPS All xxxxxxxxxxxxxxx78.0
Sales/Revenue xxxxxxxxxxxxxxx6,603.6 M
Book Value Per Share xxxxxxxxxxxxxxx1,000.5
Net Operating Cash Flow xxxxxxxxxxxxxxx1,765.2 M
Net Profit Margin xxxxxxxxxxxxxxx19.74 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx20.04 %
Return on Invested Capital xxxxxxxxxxxxxxx14.66 %
Return on Assets xxxxxxxxxxxxxxx12.28 %
Return on Equity xxxxxxxxxxxxxxx20.04 %
Return on Total Capital xxxxxxxxxxxxxxx21.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx898.3 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx154 M
Long Term Debt xxxxxxxxxxxxxxx2,254 M
Total Debt xxxxxxxxxxxxxxx2,408 M
Goodwill - Gross xxxxxxxxxxxxxxx4,382 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx952 M
Price To Book Value xxxxxxxxxxxxxxx5.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx494.1 M
Capex % of Sales xxxxxxxxxxxxxxx7.48 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,857 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,791 M
Research & Development xxxxxxxxxxxxxxx848 M
Investments - Total xxxxxxxxxxxxxxx116 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.9

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

14/11/2024

1

Overweight

$67.00

-0.84%

Morgan Stanley highlighted FY25 gaming operations have started with robust momentum, with floor trends continuing to support gaming operations for Aristocrat Leisure.

Management pointed to better gaming margins in 2H24 due to cost base leverage as they scale and cycle elevated supply chain costs, with these margins viewed as sustainable into FY25.

Interactive iGaming has 92% access to the North American customer base, with a growing number of game launches in FY25 compared to over 44 in FY24.

The broker notes group cost optimisation is essentially complete, and a strategic review of remaining casual gaming assets is ongoing.

Overweight rating. Target $67. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY25 EPS of 265.00 cents.
Morgan Stanley forecasts a full year FY26 EPS of 291.00 cents.

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Goldman Sachs

14/11/2024

3

Neutral

$70.00

3.60%

Aristocrat Leisure reported FY24 EBITDA, which was above Goldman Sachs' estimates by 1%. The broker viewed the result as "very strong" with a robust outlook, highlighting the strength of the gaming business.

The company increased North American gaming operations with 7,100 net adds compared to the broker's forecast of 6,050. Momentum is being maintained into FY25 with a positive launch of Phoenix Link in late October.

Gaming margins rose to 61.1% from 57.7% a year earlier, compared to 56.8% for 1H24.

Goldman Sachs lifts EPS estimates by 3% and 2% for FY25 and FY26, respectively, due to stronger gaming revenues and margins. The analyst appreciates the sale of Plarium, thereby removing some uncertainty, with M&A options expected to develop.

The target price lifts to $70 from $62. No change to the Neutral rating.

Leading up to the release, Aristocrat Leisure had announced the sale of its mobile gaming business, Plarium, to Modern Times Group for up to US$820m, depending on performance.

Goldman Sachs highlights the deal aligns with the company's strategy to focus on core areas like land-based gaming and iGaming.

The broker expects proceeds to enhance capital management and may support buybacks or acquisitions.

Aristocrat Leisure's ongoing review of Big Fish Games, with a goodwill impairment charge of around -US$110m, is anticipated by the analyst.

FORECAST
Goldman Sachs forecasts a full year FY25 EPS of 263.00 cents.
Goldman Sachs forecasts a full year FY26 EPS of 290.00 cents.
Access Extra Coverage Research History >

ALL STOCK CHART

FNArena News on ALL

1
Rudi’s View: The Importance Of ‘Quality’ Growth

Nov 21 2024 - Rudi's View
2
Aristocrat Grows From Strength To Strength

Nov 19 2024 - Australia
3
Australian Broker Call *Extra* Edition – Nov 19, 2024

Nov 19 2024 - Daily Market Reports
4
FNArena Corporate Results Monitor – 15-11-2024

Nov 15 2024 - Australia
5
Rudi’s View: A Rally With No Earnings Support

Nov 14 2024 - Rudi's View

Latest Gaming News

1
Aristocrat Grows From Strength To Strength

Nov 19 2024 - Australia
2
Not All Gaming Stocks Are Winners

Jul 17 2024 - Australia
3
Jumbo’s FY25 Growth Potential Under A Cloud

Jul 10 2024 - Small Caps
4
Will Aristocrat Win The US$1bn Jackpot?

Jul 01 2024 - Australia
5
Meet Light & Wonder, The New Star In Gaming

Jun 20 2024 - Australia
6
Aristocrat Leisure’s $2.9bn Shareholder Windfall

May 22 2024 - Australia
7
Aristocrat Leisure: Breaking Out

Feb 27 2024 - Technicals
8
Aristrocrat Set To Extend US Market Share

Jul 27 2023 - Australia
9
Regulatory Risk On The Rise For Endeavour Group

Jul 18 2023 - Australia
10
Roll Of The Dice; Recession Proof Gambling

Jul 05 2023 - Australia