LOTTERY CORPORATION LIMITED (TLC)
Share Price Analysis and Chart

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TLC

TLC - LOTTERY CORPORATION LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 3.45
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.59

23 Jun
2026

0.030

OPEN

$5.54

0.54%

HIGH

$5.59

2,938,222

LOW

$5.52

TARGET
$5.858 4.8% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BBT . BET . JIN . LNW . PBH . PLY . SGR . SKC . TAH .
FNARENA'S MARKET CONSENSUS FORECASTS
TLC: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 16.4 16.4 xxx
DPS (cps) xxx 16.5 17.2 xxx
EPS Growth xxx - 11.7% - 0.0% xxx
DPS Growth xxx - 10.8% 4.2% xxx
PE Ratio xxx N/A 34.1 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 100.4% 104.7% xxx

Dividend yield today if purchased 3 years ago: 3.25%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.95

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: 27/08 - ex-div 8.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 2022202320242025
EPS Basic xxxxxxxxx16.4
DPS All xxxxxxxxx16.5
Sales/Revenue xxxxxxxxx3,727.2 M
Book Value Per Share xxxxxxxxx14.5
Net Operating Cash Flow xxxxxxxxx541.7 M
Net Profit Margin xxxxxxxxx9.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2022202320242025
Return on Capital Employed xxxxxxxxx106.73 %
Return on Invested Capital xxxxxxxxx13.34 %
Return on Assets xxxxxxxxx8.34 %
Return on Equity xxxxxxxxx106.73 %
Return on Total Capital xxxxxxxxx21.85 %
Free Cash Flow ex dividends xxxxxxxxx130.1 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 2022202320242025
Short-Term Debt xxxxxxxxx174 M
Long Term Debt xxxxxxxxx2,327 M
Total Debt xxxxxxxxx2,500 M
Goodwill - Gross xxxxxxxxx2,083 M
Cash & Equivalents - Generic xxxxxxxxx662 M
Price To Book Value xxxxxxxxx36.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2022202320242025
Capex xxxxxxxxx71.6 M
Capex % of Sales xxxxxxxxx1.92 %
Cost of Goods Sold xxxxxxxxx914 M
Selling, General & Admin. Exp & Other xxxxxxxxx2,195 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx563 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

0.6

No. Of Recommendations

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

04/06/2026

3

Neutral

$5.00

-10.55%

Following Lottery Corp's investor day, Citi lowers its target by -10c to $5.00 and retains a Neutral rating.

A summary of the broker's initial research follows.

At first glance, Citi notes from today's Lottery Corp investor day that management outlined a strategy focused on accelerating growth through product innovation and digital engagement. Greater use of data and artificial intelligence was also stressed.

Management slightly reduced its FY26 operating expense guidance to $300m-$310m from $310m-$320m and aims to keep operating expense growth below normalised revenue growth over time.

Further upside from digital adoption was also identified, with digital penetration currently at 46% in Australia. Citi notes each one percentage point increase in digital penetration is estimated to add around $6m in earnings (EBITDA).

FORECAST
Citi forecasts a full year FY26 dividend of 18.00 cents.
Citi forecasts a full year FY27 dividend of 20.00 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

1

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

05/06/2026

2

Overweight

$5.65

1.07%

Jarden maintains an Overweight rating for Lottery Corp with its target price increased to $5.65 following an investor day presentation outlining intermediate strategic drivers.

Commentary explains channel margin mix improvements from accelerated digital application penetration support a projected lotteries variable contribution expansion out to FY30.

Tightened financial year FY26 operating expenditure guidance of -$300m to -$310m is seen complementing a localised operating model restructure expected to yield $10m in annualised structural cost savings from FY27.

Near-term headwind variability from sub-theoretical jackpot sequences anchors current period performance expectations below historical consensus boundaries, the report highlights.

Jarden explains long-term licensing structures remain significantly de-risked to preserve the group's durable multi-year cash conversion optionality.

FORECAST
Jarden forecasts a full year FY26 dividend of 16.50 cents and EPS of 15.80 cents.
Jarden forecasts a full year FY27 dividend of 18.00 cents and EPS of 17.70 cents.
Access Extra Coverage Research History >

TLC STOCK CHART

FNArena News on TLC

1
Lottery Corp Bets On Digital

Jun 11 2026 - Australia
2
Australian Broker Call *Extra* Edition – Jun 05, 2026

Jun 05 2026 - Daily Market Reports
3
Rudi’s View: Australia’s Sh*t Sandwich

Jun 04 2026 - Rudi's View
4
Rudi’s View: Tech Is Back (Ahead Of Tax Loss Selling)

Jun 03 2026 - Rudi's View
5
Next Week At A Glance – 1-5 June 52026

May 29 2026 - Weekly Reports

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