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

The Lottery Corporation operates lottery and Keno businesses under long-dated licences across Australia. Its brands include The Lott, Oz Lotto, Powerball, Set for Life and Keno.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.40

04 Aug
2026

-0.200

OPEN

$5.42

-3.57%

HIGH

$5.57

5,218,517

LOW

$5.40

TARGET
$5.875 8.8% 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 16.3 xxx
DPS (cps) xxx 16.5 17.0 xxx
EPS Growth xxx - 11.7% - 1.1% xxx
DPS Growth xxx - 10.8% 3.0% xxx
PE Ratio xxx N/A 33.2 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 100.4% 104.6% xxx

Dividend yield today if purchased 3 years ago: 3.13%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.06

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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

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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Citi

06/07/2026

5

Downgrade to Sell from Neutral

$5.00

-7.41%

Citi expects Lottery Corp to report a -4% decline in EBIT when it posts FY26 results on August 19. Estimates for FY27 are trimmed by -1%, amid lower lottery turnover forecasts.

The stock is also trading at the upper end of a historical two-year forward relative PE and the rating is downgraded to Sell from Neutral with the target steady at $5.

Like-for-like sales of Powerball and Oz Lotto remain soft, the broker adds, while the main risk to its view would be a prolonged run of above-average jackpots that may also drive improved sales.

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

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxxxxxx xx xxxxx-xxxxxx xxxx xxxxxxxxxx

$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

20/07/2026

2

Overweight

$5.65

4.63%

Jarden maintains an Overweight rating for Lottery Corp with its target price held at $5.65 ahead of the FY26 results release on 19 August.

The analyst highlights a second consecutive half of jackpot weakness which will likely result in turnover falling approximately -$680m below theoretical levels, equating to an estimated -$340m revenue impact.

Commentary explains digital penetration remains suppressed, and variable contribution is tracking -1% below consensus, although disciplined cost management provides a partial offset.

The broker lowers FY26 and FY27 EPS estimates by -1% to account for these jackpot headwinds and corrections to online Keno removal assumptions.

Portfolio refreshes and pricing changes remain key focus areas, with an anticipated Oz Lotto update serving as a potential positive catalyst for future turnover growth.

FORECAST
Jarden forecasts a full year FY26 dividend of 16.00 cents and EPS of 15.60 cents.
Jarden forecasts a full year FY27 dividend of 17.50 cents and EPS of 17.40 cents.
Access Extra Coverage Research History >

TLC STOCK CHART

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