Financials Light & Wonder, Inc.

Equities

LNW

US80874P1093

Casinos & Gaming

Market Closed - Nasdaq 21:00:00 26/04/2024 BST 5-day change 1st Jan Change
91.31 USD -1.72% Intraday chart for Light & Wonder, Inc. +4.73% +11.20%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,497 3,949 6,450 5,489 7,397 8,253 - -
Enterprise Value (EV) 1 10,909 12,236 14,555 8,469 10,889 11,373 10,994 10,368
P/E ratio -19.1 x -6.89 x 17.7 x 1.51 x 46.9 x 24.4 x 17.8 x 14.2 x
Yield - - - - - - - -
Capitalization / Revenue 0.73 x 1.45 x 3 x 2.19 x 2.55 x 2.64 x 2.42 x 2.27 x
EV / Revenue 3.21 x 4.49 x 6.76 x 3.37 x 3.75 x 3.64 x 3.23 x 2.85 x
EV / EBITDA 8.18 x 15.3 x 18.4 x 9.28 x 9.74 x 9.42 x 8.12 x 7.07 x
EV / FCF 41.8 x 43.5 x 109 x -14.2 x 31.3 x 23.2 x 17.9 x 15.5 x
FCF Yield 2.39% 2.3% 0.91% -7.05% 3.2% 4.32% 5.58% 6.44%
Price to Book -1.13 x -1.56 x -2.87 x 5.39 x 9.98 x 9 x 7.08 x 4.79 x
Nbr of stocks (in thousands) 93,252 95,170 96,512 93,674 90,087 90,386 - -
Reference price 2 26.78 41.49 66.83 58.60 82.11 91.31 91.31 91.31
Announcement Date 18/02/20 01/03/21 01/03/22 01/03/23 27/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,400 2,724 2,153 2,512 2,902 3,128 3,406 3,632
EBITDA 1 1,334 800 793 913 1,118 1,207 1,355 1,465
EBIT 1 546 22 110 273 518 731.3 872.3 930.1
Operating Margin 16.06% 0.81% 5.11% 10.87% 17.85% 23.38% 25.61% 25.61%
Earnings before Tax (EBT) 1 -108 -544 -294 -163 205 451 603.4 741.5
Net income 1 -130 -569 371 3,675 163 342.5 463.2 579.1
Net margin -3.82% -20.89% 17.23% 146.3% 5.62% 10.95% 13.6% 15.94%
EPS 2 -1.400 -6.020 3.770 38.78 1.750 3.735 5.140 6.429
Free Cash Flow 1 261 281 133 -597 348 490.9 613.1 668.2
FCF margin 7.68% 10.32% 6.18% -23.77% 11.99% 15.69% 18% 18.4%
FCF Conversion (EBITDA) 19.57% 35.12% 16.77% - 31.13% 40.65% 45.26% 45.6%
FCF Conversion (Net income) - - 35.85% - 213.5% 143.33% 132.37% 115.39%
Dividend per Share 2 - - - - - - - -
Announcement Date 18/02/20 01/03/21 01/03/22 01/03/23 27/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 824 580 572 610 648 682 670 731 731 770 717.8 783.2 790.1 833.6 795.2
EBITDA 1 332 216 202 212 235 265 249 281 286 302 268.2 303.3 311.8 326 314.9
EBIT 1 108 3 40 46 89 99 102 113 147 155 138.3 167.6 180 241 189
Operating Margin 13.11% 0.52% 6.99% 7.54% 13.73% 14.52% 15.22% 15.46% 20.11% 20.13% 19.26% 21.4% 22.78% 28.91% 23.77%
Earnings before Tax (EBT) 1 18 -92 -64 -149 24 26 26 20 94 65 78.28 113.7 123.7 125.9 122.8
Net income 1 182 95 26 3,291 328 30 22 -1 75 66 56.65 77.3 94.32 97.97 94.6
Net margin 22.09% 16.38% 4.55% 539.51% 50.62% 4.4% 3.28% -0.14% 10.26% 8.57% 7.89% 9.87% 11.94% 11.75% 11.9%
EPS 2 1.840 0.9500 0.2600 34.61 3.420 0.3200 0.2300 -0.0100 0.8100 0.7300 0.6533 0.9496 1.035 1.064 1.041
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 09/11/21 01/03/22 10/05/22 09/08/22 09/11/22 01/03/23 09/05/23 08/08/23 09/11/23 27/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,412 8,287 8,105 2,980 3,492 3,119 2,741 2,115
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.306 x 10.36 x 10.22 x 3.264 x 3.123 x 2.583 x 2.024 x 1.443 x
Free Cash Flow 1 261 281 133 -597 348 491 613 668
ROE (net income / shareholders' equity) - 23.4% - - 18.6% 39.7% 39.2% 37%
ROA (Net income/ Total Assets) -1.67% -7.21% 4.68% - 2.82% 10.4% 12.7% 13.3%
Assets 1 7,764 7,897 7,934 - 5,781 3,298 3,659 4,353
Book Value Per Share 2 -23.80 -26.60 -23.30 10.90 8.230 10.10 12.90 19.10
Cash Flow per Share 2 5.870 4.960 3.100 -4.010 6.340 8.010 9.340 10.90
Capex 1 285 190 171 216 242 265 269 284
Capex / Sales 8.38% 6.98% 7.94% 8.6% 8.34% 8.48% 7.88% 7.83%
Announcement Date 18/02/20 01/03/21 01/03/22 01/03/23 27/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
91.31 USD
Average target price
107.2 USD
Spread / Average Target
+17.38%
Consensus
  1. Stock Market
  2. Equities
  3. LNW Stock
  4. Financials Light & Wonder, Inc.