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: 3.85
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$114.64

08 May
2026

11.980

OPEN

$105.17

11.67%

HIGH

$116.63

423,708

LOW

$105.17

TARGET
$188.00

+0.71 change from previous day

 64.0% 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) 998.9 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.5 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

1.0

No. Of Recommendations

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

Morgans

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/xxxx)

xx.xx%

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UBS

08/05/2026

1

Buy

$210.00

83.18%

Light & Wonder's 1Q26 result fell short of expectations, with adj earnings (AEBITDA) growth of 5% impacted primarily by weaker outright gaming machine sales volumes and softer average selling prices, UBS explains.

While Gaming, SciPlay and iGaming earnings all missed forecasts, the analyst pointed to continued strength in gaming operations revenue, supported by premium content performance and favourable mix benefits.

Management reiterated FY26 guidance for mid-to-high single-digit adj earnings (AEBITDA) growth, although the broker reduced FY26 growth expectations slightly to 7% from 8%.

Underlying performance remains stronger than headline numbers suggest, commentary posits, with several temporary factors including legal costs, UK iGaming tax changes and Grover Indiana setup costs weighing on results.

EPS forecasts tweaked lower. Target slips to $210 from $215. No change to Buy rating.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 1150.23 cents.
UBS forecasts a full year FY27 dividend of 155.15 cents and EPS of 1382.96 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

11/05/2026

1

Buy

$182.00

58.76%

Jarden maintains a Buy rating for Light & Wonder and lowers the target price to $182.00 from $190.00 following a slightly softer first-quarter result.

The broker notes adjusted earnings of US$327m aligned with expectations, while maiden FY26 guidance implies mid-to-high single-digit growth absorbing -US$60m in identified structural headwinds.

An increasing mix of higher-quality recurring revenue is offsetting softer outright machine sales across North America and international markets, commentary posits.

The valuation reduction is entirely driven by foreign exchange translation updates reflecting the current spot rate.

Buoyed by robust recurring installation momentum and expanding margins, earnings per share forecasts have gone up to US786.0c from US781.2c in FY26, and to US926.6c from US916.9c in FY27.

FORECAST
Jarden forecasts a full year FY26 EPS of 1172.61 cents.
Jarden forecasts a full year FY27 EPS of 1382.37 cents.
Access Extra Coverage Research History >

LNW STOCK CHART

FNArena News on LNW

1
Australian Broker Call *Extra* Edition – May 11, 2026

10:00 AM - Daily Market Reports
2
FNArena Corporate Results Monitor – 08-05-2026

May 08 2026 - Australia
3
Treasure Chest: Aristocrat Leisure

Apr 29 2026 - Treasure Chest
4
Rudi’s View: More Downgrades Are Coming

Apr 29 2026 - Rudi's View
5
In Brief: Light & Wonder, Playside Studios, Latrobe Magnesium

Apr 24 2026 - Weekly Reports

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1
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Apr 29 2026 - Treasure Chest
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Apr 13 2026 - Treasure Chest
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Mar 26 2026 - Australia
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Jun 03 2025 - Treasure Chest
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Sky Is The Limit For Light & Wonder

May 27 2025 - Australia
8
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