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: 3.08
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.29

13 Jun
2025

0.040

OPEN

$5.25

0.76%

HIGH

$5.30

2,395,985

LOW

$5.22

TARGET
$5.575 5.4% 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 FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 18.6 16.3 xxx
DPS (cps) xxx 18.5 16.5 xxx
EPS Growth xxx 56.4% - 12.6% xxx
DPS Growth xxx 23.3% - 10.8% xxx
PE Ratio xxx N/A 32.5 xxx
Dividend Yield xxx N/A 3.1% xxx
Div Pay Ratio(%) xxx 99.4% 101.5% xxx

Dividend yield today if purchased 3 years ago: 4.12%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.50

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: 28/08 - ex-div 10.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202220232024
EPS Basic xxxxxx18.6
DPS All xxxxxx18.5
Sales/Revenue xxxxxx3,977.0 M
Book Value Per Share xxxxxx16.3
Net Operating Cash Flow xxxxxx492.8 M
Net Profit Margin xxxxxx10.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202220232024
Return on Capital Employed xxxxxx131.87 %
Return on Invested Capital xxxxxx14.70 %
Return on Assets xxxxxx9.48 %
Return on Equity xxxxxx131.87 %
Return on Total Capital xxxxxx24.63 %
Free Cash Flow ex dividends xxxxxx154.3 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 202220232024
Short-Term Debt xxxxxx12 M
Long Term Debt xxxxxx2,467 M
Total Debt xxxxxx2,480 M
Goodwill - Gross xxxxxx2,083 M
Cash & Equivalents - Generic xxxxxx604 M
Price To Book Value xxxxxx31.07

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202220232024
Capex xxxxxx68.5 M
Capex % of Sales xxxxxx1.72 %
Cost of Goods Sold xxxxxx911 M
Selling, General & Admin. Exp & Other xxxxxx2,370 M
Research & Development xxxxxx-
Investments - Total xxxxxx565 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%

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Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

20/02/2025

1

Outperform

$5.40

2.08%

Lottery Corp reported 1H25 profit down -10% year on year, albeit as Macquarie expected given impacts from low lottery jackpot activity in the period. 

The dividend surprised, coming out at the top-end of the 80-100% payout target, supported by the under-leveraged balance sheet.

From time to time, Lottery Corp will see earnings volatility from jackpot activity, and FY25 is a tough year, Macquarie notes. FY26 looks much better, for which the broker currently forecasts 10% increase in volumes.

There is balance sheet optionality, given leverage is below the target range, and as such Macquarie lifts its dividend payout ratio assumption to 100%. Outperform and $5.40 target retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 16.00 cents and EPS of 16.00 cents.
Macquarie forecasts a full year FY26 dividend of 18.50 cents and EPS of 18.90 cents.

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

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

10/04/2025

2

Overweight

$5.15

-2.65%

In Jarden's view, Lottery Corp can be considered as a domestic safe haven amid volatile markets and an uncertain macroeconomic backdrop. 

The broker believes the company is now well-placed for operating leverage improvement following the completion of separation costs. The broker is forecasting earnings (EBITDA) margin growth of only 70bps to 21.5% by FY27, which leaves it open for upside risk.

Downside risk to FY25 earnings is low with LotteryWest data suggesting the company remains on track to meet the broker's 2H25 turnover forecasts.

Overweight. Target unchanged at $5.15.

FORECAST
Jarden forecasts a full year FY25 dividend of 16.50 cents and EPS of 16.10 cents.
Jarden forecasts a full year FY26 dividend of 19.50 cents and EPS of 19.20 cents.
Access Extra Coverage Research History >

TLC STOCK CHART

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