LOTTERY CORPORATION LIMITED (TLC)
Share Price Analysis and Chart

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TLC

TLC - LOTTERY CORPORATION LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 3.45
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.21

03 Feb
2026

0.090

OPEN

$5.12

1.76%

HIGH

$5.25

4,273,869

LOW

$5.12

TARGET
$5.717 9.7% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BBT . BET . JIN . LNW . PBH . PLY . SGR . SKC . TAH .
FNARENA'S MARKET CONSENSUS FORECASTS
TLC: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 16.4 17.3 xxx
DPS (cps) xxx 16.5 17.5 xxx
EPS Growth xxx - 11.7% 5.2% xxx
DPS Growth xxx - 10.8% 6.1% xxx
PE Ratio xxx N/A 30.0 xxx
Dividend Yield xxx N/A 3.4% xxx
Div Pay Ratio(%) xxx 100.4% 101.3% xxx

Dividend yield today if purchased 3 years ago: 3.37%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.19

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

Last ex-div: 27/08 - ex-div 8.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 2022202320242025
EPS Basic xxxxxxxxx16.4
DPS All xxxxxxxxx16.5
Sales/Revenue xxxxxxxxx3,727.2 M
Book Value Per Share xxxxxxxxx14.5
Net Operating Cash Flow xxxxxxxxx541.7 M
Net Profit Margin xxxxxxxxx9.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2022202320242025
Return on Capital Employed xxxxxxxxx106.73 %
Return on Invested Capital xxxxxxxxx13.34 %
Return on Assets xxxxxxxxx8.34 %
Return on Equity xxxxxxxxx106.73 %
Return on Total Capital xxxxxxxxx21.85 %
Free Cash Flow ex dividends xxxxxxxxx130.1 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 2022202320242025
Short-Term Debt xxxxxxxxx174 M
Long Term Debt xxxxxxxxx2,327 M
Total Debt xxxxxxxxx2,500 M
Goodwill - Gross xxxxxxxxx2,083 M
Cash & Equivalents - Generic xxxxxxxxx662 M
Price To Book Value xxxxxxxxx36.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2022202320242025
Capex xxxxxxxxx71.6 M
Capex % of Sales xxxxxxxxx1.92 %
Cost of Goods Sold xxxxxxxxx914 M
Selling, General & Admin. Exp & Other xxxxxxxxx2,195 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx563 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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Citi

03/12/2025

5

Sell

$5.10

-2.11%

Citi notes major lottery turnover is -4% lower y/y in FY26 to end-November, so despite consensus lowering 1H26 turnover growth to 4.8%, it would need an implausible 55% y/y surge in December to hit forecasts.

On the positive side, Powerball’s 16.7% price hike is boosting turnover and improving like-for-like, with turnover down only -3.5% y/y. Saturday Lotto is holding strong, while Weekday Windfall is weak, hinting at portfolio cannibalisation.

The broker lifted Lottery Corp's FY26 EBIT forecast by 1% and by 3% for FY27, but still believes the consensus for 1H26 EBIT needs to be materially downgraded.

Sell. Target rises to $5.10 from $5.00  The broker has a downside catalyst watch expiring on 31 December.

FORECAST
Citi forecasts a full year FY26 dividend of 18.00 cents and EPS of 17.20 cents.
Citi forecasts a full year FY27 dividend of 20.00 cents and EPS of 18.90 cents.

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

14/01/2026

2

Upgrade to Overweight from Underweight

$5.30

1.73%

Jarden upgrades Lottery Corp to Overweight from Underweight with a higher target of $5.30 from $5.20, pre the company's 1H26 result on February 18.

The recent weakness in the stock price infers to the analyst that likely earnings downgrades are already discounted in market expectations, with the current share price mirroring the theoretical jackpot activity over the near term.

This will be the new CEO's first result and management is expected to look through the jackpot weakness and announce an interim dividend of 8.5cps, with the broker forecasting 17cps for FY26.

Jackpot weakness is already anticipated to impact the lotteries results, with turnover expected to be down -2% y/y due to unfavourable jackpot sequences rather than demand weakness.

FORECAST
Jarden forecasts a full year FY26 dividend of 17.00 cents and EPS of 17.20 cents.
Jarden forecasts a full year FY27 dividend of 17.50 cents and EPS of 19.80 cents.
Access Extra Coverage Research History >

TLC STOCK CHART

FNArena News on TLC

1
Rudi’s View: Many February Uncertainties

Feb 04 2026 - Rudi's View
2
In Case You Missed It – BC Extra Upgrades & Downgrades – 23-01-26

Jan 23 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Jan 19, 2026

Jan 19 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 16-01-26

Jan 19 2026 - Weekly Reports
5
Rudi’s View: Pre-February Top Picks & Favourites

Jan 15 2026 - Rudi's View

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