LIGHT & WONDER INC (LNW)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

LNW

LNW - LIGHT & WONDER INC

FNArena Sector : Gaming
Year End: December
GICS Industry Group : Consumer Services
Debt/EBITDA: 3.85
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$135.38

26 Feb
2026

2.060

OPEN

$138.34

1.55%

HIGH

$138.34

321,381

LOW

$134.27

TARGET
$208.429

-1.43 change from previous day

 54.0% 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 FY26
Forecast		 FY27
Forecast
EPS (cps) 1186.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.3 xxx
Dividend Yield 0.0% xxx
Div Pay Ratio(%) N/A xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

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 © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx515.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx5,139.5 M
Book Value Per Share xxxxxxxxxxxxxxx477.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,200.3 M
Net Profit Margin xxxxxxxxxxxxxxx8.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx61.38 %
Return on Invested Capital xxxxxxxxxxxxxxx5.57 %
Return on Assets xxxxxxxxxxxxxxx4.64 %
Return on Equity xxxxxxxxxxxxxxx61.38 %
Return on Total Capital xxxxxxxxxxxxxxx18.01 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx719.6 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 xxxxxxxxxxxxxxx106 M
Long Term Debt xxxxxxxxxxxxxxx7,706 M
Total Debt xxxxxxxxxxxxxxx7,813 M
Goodwill - Gross xxxxxxxxxxxxxxx5,055 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx391 M
Price To Book Value xxxxxxxxxxxxxxx33.02

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx480.8 M
Capex % of Sales xxxxxxxxxxxxxxx9.35 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,002 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,738 M
Research & Development xxxxxxxxxxxxxxx391 M
Investments - Total xxxxxxxxxxxxxxx15 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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

26/02/2026

1

Buy

$215.00

58.81%

Fourth quarter earnings from Light & Wonder were up 29% and slightly ahead of UBS estimates, while overall the FY25 result was in line. Gaming was slightly below expectations while SciPlay and iGaming were better.

The broker has not materially shifted its outlook and expects strong earnings growth over coming years. Fundamental drivers remain intact including share gains and strong game performances, as well as structural tailwinds in SciPlay DTC and as the Grover roll-out.

Buy rating maintained and the target is lifted to $215 from $210.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 1238.55 cents.
UBS forecasts a full year FY27 dividend of 375.69 cents and EPS of 1449.30 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

14/01/2026

1

Buy

$192.00

41.82%

Light & Wonder resolved litigation with Aristocrat Leisure ((ALL)) in Australia and the US over Dragon Train-related IP claims, agreeing to a -US$127.5m settlement.

Canaccord Genuity reckons the outcome de-risks the stock, with US Dragon Train already removed, potential re-profiling of Australian units, and limited operational impact.

The broker maintains a positive view on the stock, retaining a Buy rating and $192 target, noting it screens well for potential ASX50 inclusion.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 836.90 cents.
Access Extra Coverage Research History >

LNW STOCK CHART

FNArena News on LNW

1
FNArena Corporate Results Monitor – 26-02-2026

Feb 26 2026 - Australia
2
Australian Broker Call *Extra* Edition – Feb 12, 2026

Feb 12 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Feb 11, 2026

Feb 11 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Jan 28, 2026

Jan 28 2026 - Daily Market Reports
5
In Brief: Rio Tinto, Light & Wonder, Codan

Jan 16 2026 - Weekly Reports

Latest Gaming News

1
Diversification Drives Jumbo Growth Outlook

Oct 22 2025 - Small Caps
2
Aristocrat Leisure Eyeing Up All-Time Highs

Aug 05 2025 - Technicals
3
Treasure Chest: Tabcorp Holdings

Jun 03 2025 - Treasure Chest
4
Sky Is The Limit For Light & Wonder

May 27 2025 - Australia
5
Aristocrat’s H1 Misses, But Strong Growth Ahead

May 19 2025 - Australia
6
Aristocrat Grows From Strength To Strength

Nov 19 2024 - Australia
7
Not All Gaming Stocks Are Winners

Jul 17 2024 - Australia
8
Jumbo’s FY25 Growth Potential Under A Cloud

Jul 10 2024 - Small Caps
9
Will Aristocrat Win The US$1bn Jackpot?

Jul 01 2024 - Australia
10
Meet Light & Wonder, The New Star In Gaming

Jun 20 2024 - Australia