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: 3.72
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$142.03

05 May
2025

2.770

OPEN

$136.53

1.99%

HIGH

$146.74

115,161

LOW

$139.51

TARGET
$202.20 42.4% 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 572.4 617.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 100.0% 7.9% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 23.6 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%

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

UBS

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

Citi

04/04/2025

1

Buy

$200.00

40.82%

Citi notes Light & Wonder published its internal findings that some designers had access to some of Aristocrat Leisure's ((ALL)) customer information sheets dated 2015.

The company has expanded the internal audit to include hold and spin games released before mid-2021, though the broker believes it is unlikely the litigation will expand to other material titles.

The next earnings call is in May when the company is expected to provide the review findings. Buy. Target intact at $200.

FORECAST
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of 549.00 cents.
Citi forecasts a full year FY26 dividend of 0.00 cents and EPS of 683.90 cents.

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

Morgans

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

3

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

Goldman Sachs

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

Jarden

09/04/2025

1

Buy

$197.00

38.70%

Jarden believes Light & Wonder's decision to withdraw -150 US gaming ops. machines could lend some credence to Aristocrat Leisure's ((ALL))  amended litigation to include Jewel of the Dragon.

While this is not a palatable scenario, the broker reckons the litigation won't have much financial impact. The analyst is focusing on the company's reiteration of adjusted FY25 earnings (EBITDA) guidance of $1.4bn, and upside from Grover Gaming earnings growth.

The broker considers the company's discount to Aristocrat to be excessive, following share price decline.

Buy retained. Target drops to $197 from $200.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of 936.19 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of 1088.25 cents.

Canaccord Genuity

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 Extra Coverage Research History >

LNW STOCK CHART

FNArena News on LNW

1
Australian Broker Call *Extra* Edition – May 05, 2025

May 05 2025 - Daily Market Reports
2
Next Week At A Glance – 5-9 May 2025

May 02 2025 - Weekly Reports
3
Rudi’s View: Mag7 Dominance & Profit Warnings

May 01 2025 - Rudi's View
4
In Brief: Equity Portfolio, Aristocrat & US Copper

Apr 24 2025 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Apr 09, 2025

Apr 09 2025 - Daily Market Reports

Latest Gaming News

1
Aristocrat Grows From Strength To Strength

Nov 19 2024 - Australia
2
Not All Gaming Stocks Are Winners

Jul 17 2024 - Australia
3
Jumbo’s FY25 Growth Potential Under A Cloud

Jul 10 2024 - Small Caps
4
Will Aristocrat Win The US$1bn Jackpot?

Jul 01 2024 - Australia
5
Meet Light & Wonder, The New Star In Gaming

Jun 20 2024 - Australia
6
Aristocrat Leisure’s $2.9bn Shareholder Windfall

May 22 2024 - Australia
7
Aristocrat Leisure: Breaking Out

Feb 27 2024 - Technicals
8
Aristrocrat Set To Extend US Market Share

Jul 27 2023 - Australia
9
Regulatory Risk On The Rise For Endeavour Group

Jul 18 2023 - Australia
10
Roll Of The Dice; Recession Proof Gambling

Jul 05 2023 - Australia