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: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$127.88

17 Jun
2025

1.600

OPEN

$127.39

1.27%

HIGH

$129.35

130,142

LOW

$127.27

TARGET
$194.00 51.7% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 572.4 904.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 58.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 14.6 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

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

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

22/05/2025

1

Add

$200.00

56.40%

At the investor day, Light & Wonder articulated an adjusted EBITDA goal of US$2bn and adjusted EPS of US$10.55 by 2028. Both were over 10% higher than Morgans' forecast.

The broker recaps the group has generated 13% compounded annual growth since its last event in 2022 and 17% adjusted EBITDA growth, while lowering leverage and without additional capital.

The analyst believes the company will achieve the ambitious target, with upside potential from Dragon Train once the litigation uncertainty resolves.

Adjusted EBITDA forecasts raised by an average 3% across FY26-28. Add. Target rises to $200 from $193.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 929.98 cents.
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 1125.85 cents.

Citi

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

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

26/05/2025

1

Buy

$189.00

47.79%

Jarden considers Light & Wonder's FY28 goals bold but achievable based on recent track record, increased scale and new opportunities.

The FY28 adjusted EBITDA target of US$2.0bn is 9.4% above consensus, but the broker believes the adjusted EPS goal of over US$10.55/share is conservative. This may be due to no additional share buybacks and leverage going below targeted levels.

Overall, the analyst has a positive view on the stock pending the successful execution of the growth strategy and the near-term litigation uncertainty.

Buy. Target unchanged at $189.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 857.65 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 1039.64 cents.
Access Extra Coverage Research History >

LNW STOCK CHART

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