LOTTERY CORPORATION LIMITED (TLC)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

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

$5.44

26 Mar
2026

-0.020

OPEN

$5.44

-0.37%

HIGH

$5.48

6,467,309

LOW

$5.41

TARGET
$5.775 6.2% 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 17.2 xxx
DPS (cps) xxx 16.5 17.4 xxx
EPS Growth xxx - 11.7% 4.6% xxx
DPS Growth xxx - 10.8% 5.5% xxx
PE Ratio xxx N/A 31.4 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 100.4% 101.3% xxx

Dividend yield today if purchased 3 years ago: 3.25%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.06

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

0.7

No. Of Recommendations

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

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

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

19/02/2026

3

Hold

$5.70

4.78%

Morgans sees Lottery Corp as achieving a "resilient" 1H26 result despite subdued jackpot activity, with revenue up 2% and earnings (EBITDA) of $367m a slight beat on forecasts and consensus.

Lotteries revenue declined -0.9%, though digital mix improved to 41.2%, while Keno was the standout with revenue up 7% on a like-for-like basis and earnings (EBIT) around 20% above the broker's expectations.

Management introduced FY26 operating expense guidance of $310-320m, capex guidance was trimmed to -$90-100m.

Morgans lifts FY26 and FY27 earnings forecasts by 1% for FY26 and 2% for FY27, and raises its target to $5.70 from $5.40 while retaining a Hold rating.

FORECAST
Morgans forecasts a full year FY26 dividend of 17.00 cents and EPS of 17.00 cents.
Morgans forecasts a full year FY27 dividend of 20.00 cents and EPS of 20.00 cents.

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

Citi

xx/xx/xxxx

3

xxxxxxx

$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

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

11/03/2026

2

Overweight

$5.60

2.94%

Lottery Corp has made changes to its operating model designed to accelerate growth, which Jarden finds significant.

The changes reflect a reset of the business rather than just cosmetic restructuring, commentary concludes, with distinct business units that have explicit growth mandates and clear P&L accountability.

A stand-alone digital business with the remit to drive digital lottery sales and deliver "world-class app and web experiences" could accelerate structural digital penetration, the broker points out, while lottteries has upside risk and is a primary growth lever for the business.

No additional information on personnel or cost imposts was announced. Overweight rating and $5.60 target maintained.

FORECAST
Jarden forecasts a full year FY26 dividend of 16.50 cents and EPS of 17.00 cents.
Jarden forecasts a full year FY27 dividend of 18.00 cents and EPS of 20.20 cents.
Access Extra Coverage Research History >

TLC STOCK CHART

FNArena News on TLC

1
Rudi’s View: Post-February Conviction Calls

Mar 12 2026 - Rudi's View
2
Australian Broker Call *Extra* Edition – Mar 11, 2026

Mar 11 2026 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Feb 25, 2026

Feb 25 2026 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 20-02-26

Feb 23 2026 - Weekly Reports
5
FNArena Corporate Results Monitor – 19-02-2026

Feb 19 2026 - Australia

Latest Gaming News

1
ASIC Watch: Star Entertainment Judgment Draws Executive Liability Line

Mar 26 2026 - Australia
2
Diversification Drives Jumbo Growth Outlook

Oct 22 2025 - Small Caps
3
Aristocrat Leisure Eyeing Up All-Time Highs

Aug 05 2025 - Technicals
4
Treasure Chest: Tabcorp Holdings

Jun 03 2025 - Treasure Chest
5
Sky Is The Limit For Light & Wonder

May 27 2025 - Australia
6
Aristocrat’s H1 Misses, But Strong Growth Ahead

May 19 2025 - Australia
7
Aristocrat Grows From Strength To Strength

Nov 19 2024 - Australia
8
Not All Gaming Stocks Are Winners

Jul 17 2024 - Australia
9
Jumbo’s FY25 Growth Potential Under A Cloud

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

Jul 01 2024 - Australia