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

$5.58

14 Apr
2026

0.030

OPEN

$5.61

0.54%

HIGH

$5.62

3,451,951

LOW

$5.56

TARGET
$5.775 3.5% 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 17.2 xxx
DPS (cps) xxx 16.5 17.4 xxx
EPS Growth xxx - 11.7% 4.6% xxx
DPS Growth xxx - 10.8% 5.5% xxx
PE Ratio xxx N/A 32.5 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 100.4% 101.3% xxx

Dividend yield today if purchased 3 years ago: 3.30%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.96

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

0.7

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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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

19/02/2026

3

Hold

$5.70

2.15%

Morgans sees Lottery Corp as achieving a "resilient" 1H26 result despite subdued jackpot activity, with revenue up 2% and earnings (EBITDA) of $367m a slight beat on forecasts and consensus.

Lotteries revenue declined -0.9%, though digital mix improved to 41.2%, while Keno was the standout with revenue up 7% on a like-for-like basis and earnings (EBIT) around 20% above the broker's expectations.

Management introduced FY26 operating expense guidance of $310-320m, capex guidance was trimmed to -$90-100m.

Morgans lifts FY26 and FY27 earnings forecasts by 1% for FY26 and 2% for FY27, and raises its target to $5.70 from $5.40 while retaining a Hold rating.

FORECAST
Morgans forecasts a full year FY26 dividend of 17.00 cents and EPS of 17.00 cents.
Morgans forecasts a full year FY27 dividend of 20.00 cents and EPS of 20.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$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

13/04/2026

2

Overweight

$5.60

0.36%

Jarden maintains an Overweight rating on Lottery Corp with a target price of $5.60.

The broker notes that proposed gambling reforms may introduce an online keno ban, creating an estimated -$41m net revenue headwind for the company.

However, the broker views the company as a likely net beneficiary of the broader reform package.

If foreign-matched lotteries are restricted, players chasing outsized jackpots may substitute these with the company's exclusive Powerball and Oz Lotto products.

Under a targeted substitution scenario, this could result in a 2% accretion to fiscal year 2028 earnings per share, translating to $59m in incremental revenue and $12m in earnings before interest, taxes, depreciation, and amortisation, the report explains.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.00 cents.
Access Extra Coverage Research History >

TLC STOCK CHART

FNArena News on TLC

1
Australian Broker Call *Extra* Edition – Apr 13, 2026

Apr 13 2026 - Daily Market Reports
2
Rudi’s View: Post-February Conviction Calls

Mar 12 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Mar 11, 2026

Mar 11 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Feb 25, 2026

Feb 25 2026 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 20-02-26

Feb 23 2026 - Weekly Reports

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