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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$111.99

28 May
2026

0.690

OPEN

$111.96

0.62%

HIGH

$112.78

275,443

LOW

$110.29

TARGET
$188.00 67.9% 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) 992.8 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.8 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: 0.00%

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

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

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

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

Ord Minnett

08/05/2026

1

Buy

$213.00

90.20%

Light & Wonder delivered March Q net profit around -5% below market expectations. The earnings shortfall was driven largely by weaker outright sales shipments, which can be inherently volatile over a 90-day reporting period, Ord Minnett notes.

Importantly, the broker does not believe this miss reflects a deterioration in underlying fundamentals.

Commentary states the Gaming Operations segment continues to perform exceptionally well and remains the principal engine of long-term value creation for land-based slot manufacturers.

Looking ahead, Ord Minnett expects stable outright sales share and continued growth in Gaming Operations installs to be the key drivers of group earnings, more than offsetting softer performance in other areas such as SciPlay.

Target falls to $213 from $223, Buy retained.

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

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
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%

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

Jarden

11/05/2026

1

Buy

$182.00

62.51%

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 1165.48 cents.
Jarden forecasts a full year FY27 EPS of 1373.96 cents.
Access Extra Coverage Research History >

LNW STOCK CHART

FNArena News on LNW

1
Aristocrat’s Ongoing Double-Digit Growth Promise

May 21 2026 - Australia
2
Australian Broker Call *Extra* Edition – May 11, 2026

May 11 2026 - Daily Market Reports
3
FNArena Corporate Results Monitor – 08-05-2026

May 08 2026 - Australia
4
Treasure Chest: Aristocrat Leisure

Apr 29 2026 - Treasure Chest
5
Rudi’s View: More Downgrades Are Coming

Apr 29 2026 - Rudi's View

Latest Gaming News

1
Aristocrat’s Ongoing Double-Digit Growth Promise

May 21 2026 - Australia
2
Treasure Chest: Aristocrat Leisure

Apr 29 2026 - Treasure Chest
3
Treasure Chest: Playside Studios’ Mouse Release

Apr 13 2026 - Treasure Chest
4
ASIC Watch: Star Entertainment Judgment Draws Executive Liability Line

Mar 26 2026 - Australia
5
Diversification Drives Jumbo Growth Outlook

Oct 22 2025 - Small Caps
6
Aristocrat Leisure Eyeing Up All-Time Highs

Aug 05 2025 - Technicals
7
Treasure Chest: Tabcorp Holdings

Jun 03 2025 - Treasure Chest
8
Sky Is The Limit For Light & Wonder

May 27 2025 - Australia
9
Aristocrat’s H1 Misses, But Strong Growth Ahead

May 19 2025 - Australia
10
Aristocrat Grows From Strength To Strength

Nov 19 2024 - Australia