ARISTOCRAT LEISURE LIMITED (ALL)
Share Price Analysis and Chart

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ALL

ALL - ARISTOCRAT LEISURE LIMITED

FNArena Sector : Gaming
Year End: September
GICS Industry Group : Consumer Services
Debt/EBITDA: 0.99
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Aristocrat Leisure designs, manufactures and services gaming machines and associated equipment. It also has a range of digital games and operates in over 90 countries. It was first listed in July 1996.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$68.95

15 Sep
2025

1.480

OPEN

$68.10

2.19%

HIGH

$68.95

774,890

LOW

$67.43

TARGET
$73.086 6.0% upside
OTHER COMPANIES IN THE SAME SECTOR
AGI . BBT . BET . JIN . LNW . PBH . PLY . SGR . SKC . TAH . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
ALL: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 204.8 245.1 xxx
DPS (cps) xxx 78.0 85.9 xxx
EPS Growth xxx - 8.0% 19.7% xxx
DPS Growth xxx 21.9% 10.1% xxx
PE Ratio xxx N/A 28.1 xxx
Dividend Yield xxx N/A 1.2% xxx
Div Pay Ratio(%) xxx 38.1% 35.1% xxx

Dividend yield today if purchased 3 years ago: 2.27%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.16

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: 29/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx204.8
DPS All xxxxxxxxxxxxxxx78.0
Sales/Revenue xxxxxxxxxxxxxxx6,603.6 M
Book Value Per Share xxxxxxxxxxxxxxx1,000.5
Net Operating Cash Flow xxxxxxxxxxxxxxx1,765.2 M
Net Profit Margin xxxxxxxxxxxxxxx19.74 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx20.04 %
Return on Invested Capital xxxxxxxxxxxxxxx14.66 %
Return on Assets xxxxxxxxxxxxxxx12.28 %
Return on Equity xxxxxxxxxxxxxxx20.04 %
Return on Total Capital xxxxxxxxxxxxxxx21.61 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx898.3 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 xxxxxxxxxxxxxxx154 M
Long Term Debt xxxxxxxxxxxxxxx2,254 M
Total Debt xxxxxxxxxxxxxxx2,408 M
Goodwill - Gross xxxxxxxxxxxxxxx4,382 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx952 M
Price To Book Value xxxxxxxxxxxxxxx5.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx494.1 M
Capex % of Sales xxxxxxxxxxxxxxx7.48 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,857 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,791 M
Research & Development xxxxxxxxxxxxxxx848 M
Investments - Total xxxxxxxxxxxxxxx116 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

0.9

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

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Macquarie

15/05/2025

1

Outperform

$70.00

1.52%

Aristocrat Leisure's 1H25 net profit of $733m missed the consensus by -8% and also Macquarie's forecast. Cash generation was solid with operating cash flow of $773m, up 18% y/y.

The company is recommencing the share buyback program, and despite this, the broker expects a return to a net cash position in FY26 due to strong cash build capacity.

FY25 net profit forecast cut by -8% following the result, and after assuming a lower fee per day. FY26 net profit forecast also lowered by -8%, with a -$35m impact expected from the 2bps increase in tax guidance.

Outperform. Target cut to $70 from $75.

FORECAST
Macquarie forecasts a full year FY25 dividend of 92.50 cents and EPS of 244.00 cents.
Macquarie forecasts a full year FY26 dividend of 104.00 cents and EPS of 275.00 cents.

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/xxxx)

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

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

11/09/2025

3

Neutral

$69.00

0.07%

The Aristocrat Leisure business is benefitting from positive operating momentum, with Jarden citing US gaming growth, with premium titles such as Phoenix Link and Dragon Link gaining floor share.

Stronger casino replacement demand is also being supported by the new Baron cabinet, explains the broker.

Further, gains are being made in adjacent markets including Illinois Video Gaming Terminals (VGT), Historical Horse Racing (HHR), and Georgia Coin Operated Amusement Machines (COAM).

The broker notes iLottery sales remain strong with new contract wins, including Massachusetts from 2026, supporting NeoGames’ US$900m FY29 revenue ambition. The launch of NFL slots in social casino is also seen as a positive.

Jarden expects premium gaming operations to drive upside in 2H25 and underpin FY26 recurring earnings momentum. Strong free cash flow and an under-levered balance sheet also support ongoing buybacks beyond February 2026, in the analysts' view.

The broker lifts its target price to $69 from $64 on modest earnings upgrades and valuation roll-forward, while retaining a Neutral rating.

FORECAST
Jarden forecasts a full year FY25 dividend of 95.00 cents and EPS of 251.70 cents.
Jarden forecasts a full year FY26 dividend of 107.00 cents and EPS of 284.10 cents.
Access Extra Coverage Research History >

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