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

$108.86

23 Jul
2026

-1.640

OPEN

$109.26

-1.48%

HIGH

$111.00

603,559

LOW

$108.86

TARGET
$188.00 72.7% 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) 981.3 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 10.8 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

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xx/xx/xxxx

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UBS

23/06/2026

1

Buy

$210.00

92.91%

The latest  gaming sweep data showed Light & Wonder's portfolio continuing to be boosted by Ultimate Fire Link refresh, UBS points out. Piggy Bankin' and Lion Link are number three and four, respectively in top outright sale games.

The analyst notes US commercial gaming revenues to date are up 2.5% on the prior year in May with 52% reported thus far and up 3% trailing 12-month.

The broker estimates US iGaming gross gaming revenue is up 15% on the previous period in May to date.

The stock is Buy rated with a $210 unchanged target price.

FORECAST
UBS forecasts a full year FY26 dividend of 0.00 cents and EPS of 1130.50 cents.
UBS forecasts a full year FY27 dividend of 152.49 cents and EPS of 1359.24 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

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

13/07/2026

1

Buy

$182.00

67.19%

Canaccord Genuity maintains a Buy rating for Light & Wonder with its target price reduced to $182.00 following minor near-term gaming adjustments and lower international slot machine shipment allocations.

A recent share price pullback drives the gaming technology group back towards 12-month trailing valuation lows, offering an attractive structural entry point backed by solid double-digit underlying earnings compound growth targets.

The analyst highlights that domestic market share vectors continue to build across critical slot cabinet franchises, balancing out lumpy transactional trends recorded across more volatile offshore machine accounts.

Impending second-quarter performance figures project total corporate revenues tracking close to $855m, driven by robust cross-platform demand expansion within global iGaming networks.

Consistent capital management and lower overall balance sheet leverage remain the single most critical execution metrics needed to expand forward multiples.

FORECAST
Canaccord Genuity forecasts a full year FY26 EPS of 7.02 cents.
Canaccord Genuity forecasts a full year FY27 EPS of 9.49 cents.
Access Extra Coverage Research History >

LNW STOCK CHART

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