ARISTOCRAT LEISURE LIMITED (ALL)
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ALL

ALL - ARISTOCRAT LEISURE LIMITED

FNArena Sector : Gaming
Year End: September
GICS Industry Group : Consumer Services
Debt/EBITDA: 0.8
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

$46.58

25 Mar
2026

0.970

OPEN

$46.38

2.13%

HIGH

$46.85

1,766,072

LOW

$46.02

TARGET
$67.314 44.5% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 229.3 260.4 xxx
DPS (cps) xxx 93.0 95.4 xxx
EPS Growth xxx 12.0% 13.6% xxx
DPS Growth xxx 19.2% 2.6% xxx
PE Ratio xxx N/A 17.8 xxx
Dividend Yield xxx N/A 2.1% xxx
Div Pay Ratio(%) xxx 40.6% 36.6% xxx

Dividend yield today if purchased 3 years ago: 2.54%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.00

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

Last ex-div: 25/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx229.3
DPS All xxxxxxxxxxxxxxx93.0
Sales/Revenue xxxxxxxxxxxxxxx6,297.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,066.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,933.7 M
Net Profit Margin xxxxxxxxxxxxxxx18.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx18.45 %
Return on Invested Capital xxxxxxxxxxxxxxx13.96 %
Return on Assets xxxxxxxxxxxxxxx11.44 %
Return on Equity xxxxxxxxxxxxxxx18.45 %
Return on Total Capital xxxxxxxxxxxxxxx23.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,044.3 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx159 M
Long Term Debt xxxxxxxxxxxxxxx1,871 M
Total Debt xxxxxxxxxxxxxxx2,030 M
Goodwill - Gross xxxxxxxxxxxxxxx4,015 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,291 M
Price To Book Value xxxxxxxxxxxxxxx6.56

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx458.3 M
Capex % of Sales xxxxxxxxxxxxxxx7.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,599 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,688 M
Research & Development xxxxxxxxxxxxxxx800 M
Investments - Total xxxxxxxxxxxxxxx85 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

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

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Morgan Stanley

23/02/2026

1

Overweight

$65.20

39.97%

On further investigation the target is lowered to $65.20 from $66.90. No change to Overweight rating.

***

Morgan Stanley found the guidance and commentary from Aristocrat Leisure largely in line with expectations and alleviating concerns over potentially softer outcomes.

The company has reaffirmed early momentum in gaming and expects fees per day to increase over the year with stable trends in the first half of FY26.

Management is still targeting gaming operation net additions of 4000-5000 units in FY26, weighted to the second half. Target is $66.90. Overweight. Industry view: In Line.

FORECAST
Morgan Stanley forecasts a full year FY26 EPS of 255.20 cents.
Morgan Stanley forecasts a full year FY27 EPS of 281.90 cents.

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xx/xx/xxxx

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xxx

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Morgans

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

25/03/2026

1

Buy

$68.00

45.99%

Jarden highlights a growing North American legislative pipeline supporting multi-year earnings upside for Aristocrat Leisure. It's felt expanding addressable markets and regulatory complexity reinforce structural barriers to entry, benefiting incumbent operators.

The broker notes progress across land-based gaming, iGaming and iLottery, with new state openings and capacity additions underpinning growth opportunities.

Competitive positioning remains strong, in the analysts' view, given proprietary content and regulatory moats, limiting disruption risks and supporting long-term earnings visibility.

The $68 target and Buy rating are maintained.

FORECAST
Jarden forecasts a full year FY26 dividend of 105.00 cents and EPS of 260.30 cents.
Jarden forecasts a full year FY27 dividend of 115.00 cents and EPS of 286.50 cents.
Access Extra Coverage Research History >

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