LIGHT & WONDER INC (LNW)
Share Price Analysis and Chart

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LNW

LNW - LIGHT & WONDER INC

FNArena Sector : Gaming
Year End: December
GICS Industry Group : Consumer Services
Debt/EBITDA: 3.72
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$131.20

15 May
2025

-5.800

OPEN

$131.45

-4.23%

HIGH

$132.49

231,596

LOW

$130.80

TARGET
$197.20 50.3% upside
OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BBT . BET . JIN . PBH . PLY . SGR . SKC . TAH . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
LNW: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 572.4 810.3 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 41.6% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.1 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: N/A

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx572.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx4,833.2 M
Book Value Per Share xxxxxxxxxxxxxxx1,194.4
Net Operating Cash Flow xxxxxxxxxxxxxxx952.1 M
Net Profit Margin xxxxxxxxxxxxxxx10.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx47.42 %
Return on Invested Capital xxxxxxxxxxxxxxx7.22 %
Return on Assets xxxxxxxxxxxxxxx6.03 %
Return on Equity xxxxxxxxxxxxxxx47.42 %
Return on Total Capital xxxxxxxxxxxxxxx16.23 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx506.4 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 xxxxxxxxxxxxxxx63 M
Long Term Debt xxxxxxxxxxxxxxx6,263 M
Total Debt xxxxxxxxxxxxxxx6,326 M
Goodwill - Gross xxxxxxxxxxxxxxx4,668 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx494 M
Price To Book Value xxxxxxxxxxxxxxx11.48

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx445.7 M
Capex % of Sales xxxxxxxxxxxxxxx9.22 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,959 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,719 M
Research & Development xxxxxxxxxxxxxxx397 M
Investments - Total xxxxxxxxxxxxxxx40 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

1.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

09/05/2025

1

Buy

$193.00

47.10%

Light & Wonder's 1Q25 adjusted EBITDA fell short of Citi's forecast by -1.5% but the margin was well ahead due to increasing gaming in the revenue mix and cost management.

The broker notes management's comment tariffs won't impact the cost of goods sold for a few quarters because of advance inventory purchases. 

In any case, the analyst sees positive tariff news as an upside and looks forward to the May 20 investor day briefing for longer-term plans for the business.

The broker cut adjusted EBITDA forecast by -1% across FY25-27 after lowering revenue forecasts in gaming and SciPlay. EPS forecasts for FY25 lifted by 5.3% and by 6.4% for FY26.

Buy. Target cut to $193 from $200.

FORECAST
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of 891.21 cents.
Citi forecasts a full year FY26 dividend of 0.00 cents and EPS of 1120.02 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

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

1

xxx

$xx.xx

xx.xx%

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Goldman Sachs

05/05/2025

1

Buy

$173.50

32.24%

Ahead of Light & Wonder's 1Q25 result on May 8, Goldman Sachs analysts have previewed the result and outlook in the context of US macro headwinds. 

It is noted the in-house US growth forecast is 1.2% over 2025, compared with 0.1%/-2.6% outcome during 2008/2009, respectively.

Back then, US casino gross gaming revenue (GGR) fell only -3%/-5% in 2008/2009, respectively. The broker expects a minor impact this time on a better growth outlook and because the company is well-positioned to offset macro headwinds.

For 1Q25, the broker forecasts 5% increase in revenue to US$796m vs consensus of US$808m. The focus will be on fee/day recovery, new product pipeline and potential litigation and ASX-listing updates.

Buy. Target cut to $173.50 from $184.60.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 1066.32 cents.
Goldman Sachs forecasts a full year FY26 dividend of 0.00 cents and EPS of 1209.42 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

LNW STOCK CHART

FNArena News on LNW

1
Rudi’s View: 30 For ’30 & Best Buy Convictions

May 15 2025 - Rudi's View
2
Australian Broker Call *Extra* Edition – May 13, 2025

May 13 2025 - Daily Market Reports
3
FNArena Corporate Results Monitor – 09-05-2025

May 09 2025 - Australia
4
Australian Broker Call *Extra* Edition – May 05, 2025

May 05 2025 - Daily Market Reports
5
Next Week At A Glance – 5-9 May 2025

May 02 2025 - Weekly Reports

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