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: 3.61
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

The Lottery Corporation operates lottery and Keno businesses under long-dated licences across Australia. Its brands include The Lott, Oz Lotto, Powerball, Set for Life and Keno.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.22

13 Oct
2026

0.110

OPEN

$5.10

2.15%

HIGH

$5.24

6,988,091

LOW

$5.10

TARGET
$5.558 6.5% 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 FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 12.8 16.2 xxx
DPS (cps) xxx 16.5 17.2 xxx
EPS Growth xxx - 22.2% 26.5% xxx
DPS Growth xxx 0.0% 4.0% xxx
PE Ratio xxx N/A 32.5 xxx
Dividend Yield xxx N/A 3.3% xxx
Div Pay Ratio(%) xxx 129.0% 106.1% xxx

Dividend yield today if purchased 3 years ago: 3.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.14

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: 26/08 - ex-div 8.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 20222023202420252026
EPS Basic xxxxxxxxxxxx12.8
DPS All xxxxxxxxxxxx16.5
Sales/Revenue xxxxxxxxxxxx3,554.4 M
Book Value Per Share xxxxxxxxxxxx11.9
Net Operating Cash Flow xxxxxxxxxxxx421.9 M
Net Profit Margin xxxxxxxxxxxx8.01 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20222023202420252026
Return on Capital Employed xxxxxxxxxxxx97.15 %
Return on Invested Capital xxxxxxxxxxxx10.55 %
Return on Assets xxxxxxxxxxxx5.77 %
Return on Equity xxxxxxxxxxxx97.15 %
Return on Total Capital xxxxxxxxxxxx20.66 %
Free Cash Flow ex dividends xxxxxxxxxxxx-49.4 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 20222023202420252026
Short-Term Debt xxxxxxxxxxxx13 M
Long Term Debt xxxxxxxxxxxx2,482 M
Total Debt xxxxxxxxxxxx2,495 M
Goodwill - Gross xxxxxxxxxxxx2,083 M
Cash & Equivalents - Generic xxxxxxxxxxxx687 M
Price To Book Value xxxxxxxxxxxx48.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20222023202420252026
Capex xxxxxxxxxxxx104.0 M
Capex % of Sales xxxxxxxxxxxx2.93 %
Cost of Goods Sold xxxxxxxxxxxx856 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxx2,122 M
Research & Development xxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxx531 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

0.4

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

17/09/2026

2

Upgrade to Accumulate from Hold

$5.40

3.45%

Morgans upgrades Lottery Corp to Accumulate from Hold, due to the share price weakness with a target of $5.40 down from $5.60.

Eleven weeks into 1H27 the broker's tracker has turnover some -8% below last year on a comparative draw basis, and versus low-to-mid single digits at the time of the FY26 results in terms of turnover.

Taking out the November Powerball price increase from a year ago, the volume decline is closer to low-to-mid teens, while Powerball is running around -17% behind the prior year.

FY27/FY28 EPS forecasts are cut by -6% and -4%, respectively with the Keno assumptions left unchanged, the analyst states.

FORECAST
Morgans forecasts a full year FY27 dividend of 16.00 cents and EPS of 15.00 cents.
Morgans forecasts a full year FY28 dividend of 17.00 cents and EPS of 16.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

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

21/09/2026

2

Overweight

$5.65

8.24%

Jarden maintains an Overweight rating for Lottery Corp with a $5.65 target price amid growing discussions regarding the risk of an MSCI deletion at the upcoming November review.

The analyst examines a recent cohort of ASX companies deleted from the index during the August review, observing a consistent pattern where relative price-to-earnings multiples bottomed ahead of the steepest increase in short interest.

For Lottery Corp, Jarden notes short interest remains elevated at 6% of issued capital and is still rising, although the stock's relative price-to-earnings multiple recently retreated -15% from its peak following a re-rating period.

Given a lack of clear near-term catalysts, Jarden expects the stock to trade predominantly on macroeconomic factors and jackpot activity over the coming months.
Access Extra Coverage Research History >

TLC STOCK CHART

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