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: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$115.15

28 Oct
2025

-2.090

OPEN

$117.14

-1.78%

HIGH

$117.14

146,994

LOW

$115.15

TARGET
$187.833

-0.50 change from previous day

 63.1% 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 FY25
Forecast		 FY26
Forecast
EPS (cps) 934.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.1 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 © 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

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

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

02/10/2025

1

Buy

$175.00

51.98%

A month after attending the Australasian Gaming Expo in Sydney and after taking into account latest US industry data, Morgans has revised forecasts for Aristocrat Leisure and Light & Wonder.

The broker highlights Aristocrat stood out with its Baron cabinet at the gaming expo, seen as its most successful launch in years, driving a deeper pipeline of titles. Lead times for Baron hardware now exceed 6 weeks, underscoring demand momentum.

Light & Wonder's Dragon Train continues to rank number one, though Aristocrat's Thunder Empire and Baron games are catching up fast.

In the US, Light & Wonder leads premium leased/WAP with 44% share, while Aristocrat leads core outright games (46% share) with several top-performing titles. Further upside for Aristocrat is seen from upcoming Monopoly franchise.

The broker left FY25 forecasts largely unchanged for Light & Wonder, but lifted FY26-27 adjusted EBITDA forecasts by 1-2% on slightly more optimism in outright sales.

Buy. Target unchanged at $175.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 1053.08 cents.
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 1265.88 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

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

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Canaccord Genuity

18/08/2025

1

Buy

$191.00

65.87%

The Australasian Gaming Expo confirmed to Canaccord Genuity robust demand trends and industry health, giving confidence Light & Wonder can recover Australian momentum and hit FY25 guidance.

With a strong content slate, visibility in Asia, and healthy sector investment, the broker believes the medium-term outlook remains favourable.

Management is on track to deliver FY25 adjusted EBITDA target of US$1.43-1.47bn, the broker believes.

Buy. Target unchanged at $191.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 768.99 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 881.07 cents.
Access Extra Coverage Research History >

LNW STOCK CHART

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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
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May 19 2025 - Australia
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Aristocrat Grows From Strength To Strength

Nov 19 2024 - Australia
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Jul 17 2024 - Australia
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9
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Jul 01 2024 - Australia
10
Meet Light & Wonder, The New Star In Gaming

Jun 20 2024 - Australia