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: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$133.75

07 Aug
2025

-2.730

OPEN

$136.30

-2.00%

HIGH

$140.85

602,722

LOW

$128.78

TARGET
$188.667

-3.33 change from previous day

 41.1% 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 FY25
Forecast		 FY26
Forecast
EPS (cps) 931.8 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.7 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

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

6
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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

08/08/2025

1

Buy

$199.00

48.79%

UBS assesses Light & Wonder's 2Q25 result as "slightly disappointing" vs its expectations, with adjusted EBITDA -1% below its forecast, and net profit per share -3% lower than its estimate, on higher D&A.

The company issued revised FY25 adjusted EBITDA guidance but the bottom end was already at the broker's and consensus estimates. The midpoint of net profit guidance of US$550-575m was line with the broker's estimate but lower than the consenus.

The company confirmed move to a sole primary ASX listing in November, and increased the buyback program by US$500m. The broker expects half of the remaining US$900m buyback to be completed prior to the Nasdaq delisting.

Buy. Target rises to $199 from $195 on valuation roll-forward.

FORECAST
UBS forecasts a full year FY25 dividend of 0.00 cents and EPS of 788.74 cents.
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 1074.85 cents.

Ord Minnett

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

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

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

26/05/2025

1

Buy

$195.00

45.79%

No surprises from Light & Wonder's strategy day updates, wth the company's US$2.0bn adjusted EBITDA target for FY28 and EPSA of over US$10.55/share in line with Canaccord Genuity's forecasts.

The broker highlights risks to these forecasts include tougher macro conditions and slower growth in the gaming market share. In the near term, the analyst believes an acceleration of adjusted EBITDA growth to around mid-teens will be required to meet the FY25 target of US$1.4bn.

The broker has also assumed a US$300m share buyback per annum until FY28 and warns this could see the EPSA target fall below the company's goal of US$10.55/share.

Buy. Target unchanged at $195.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 746.98 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 958.86 cents.
Access Extra Coverage Research History >

LNW STOCK CHART

FNArena News on LNW

1
FNArena Corporate Results Monitor – 08-08-2025

Aug 08 2025 - Australia
2
Next Week At A Glance -11-15 Aug 2025

Aug 08 2025 - Weekly Reports
3
Rudi’s View: AI Updates, Hot Favourites & First August Results

Aug 07 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Aug 06, 2025

Aug 06 2025 - Daily Market Reports
5
Rudi’s View: Taking Stock Ahead Of August

Jul 30 2025 - Rudi's View

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