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

Light & Wonder develops gaming machines, casino systems, digital gaming content and social casino games.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$110.34

07 Oct
2026

0.340

OPEN

$110.00

0.31%

HIGH

$111.42

258,551

LOW

$108.72

TARGET
$186.571

+0.71 change from previous day

 69.1% 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 FY26
Forecast		 FY27
Forecast
EPS (cps) 954.8 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.6 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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

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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UBS

24/09/2026

1

Buy

$210.00

90.32%

UBS highlights broadly stable premium gaming performance for Aristocrat Leisure and Light & Wonder in August.

Aristocrat retained six of the top 10 premium leased and wide-area progressive games, while also holding the top three outright-sale titles, the broker highlights.

Commentary also reveals Light & Wonder maintained solid premium leased performance and increased its presence amongst leading new outright-sale games.

Buy rating and $210 target maintained for Light & Wonder.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 1099.09 cents.
UBS forecasts a full year FY27 dividend of 0.00 cents and EPS of 1311.12 cents.

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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Morgans

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

11/08/2026

1

Buy

$186.00

68.57%

Canaccord Genuity maintains a Buy rating for Light & Wonder with its target price increased to $186.00 from $182.00 following a "strong" second-quarter result.

Consolidated revenue missed the broker's estimates by -3%, offset by a solid earnings beat driven by well-controlled costs alongside a standout adjusted free cash flow conversion of US$156m.

North American premium gaming operations added 652 units during the period to support steady earnings growth, while international machine sales exceeded expectations.

The analyst views the valuation backdrop as highly appealing given the double-digit earnings growth profile and management's commitment to reducing leverage below 3.0x by the first half of FY27.

Minor adjustments to revenue and earnings forecasts drive the valuation rollover and upgraded price target based on an equally weighted discounted cash flow and sum-of-the-parts methodology.
Access Extra Coverage Research History >

LNW STOCK CHART

FNArena News on LNW

1
Rudi’s View: The Index Is No Longer The Market

Sep 30 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Sep 28, 2026

Sep 28 2026 - Daily Market Reports
3
Rudi’s View: Australia’s Most Unloved Buy-Rated Stocks

Sep 23 2026 - Rudi's View
4
Next Week At A Glance – 7-11 Sep 2026

Sep 04 2026 - Weekly Reports
5
Rudi’s View: Beats, Misses And Early AI Signals

Aug 19 2026 - Rudi's View

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