Financials The Lottery Corporation Limited

Equities

TLC

AU0000219529

Casinos & Gaming

Market Closed - Australian S.E. 07:10:35 19/07/2024 BST 5-day change 1st Jan Change
5 AUD +0.81% Intraday chart for The Lottery Corporation Limited +1.42% +3.31%

Valuation

Fiscal Period: June 2022 2023 2024 2025 2026
Capitalization 1 10,033 11,418 11,129 - -
Enterprise Value (EV) 1 12,106 13,444 13,013 12,984 12,931
P/E ratio 29 x 43.1 x 27.7 x 27.3 x 25.2 x
Yield - 2.73% 3.45% 3.53% 3.83%
Capitalization / Revenue 3.06 x 3.25 x 2.82 x 2.81 x 2.69 x
EV / Revenue 3.69 x 3.83 x 3.3 x 3.27 x 3.13 x
EV / EBITDA 17.4 x 18.8 x 15.9 x 15.8 x 14.9 x
EV / FCF 20.2 x 35.7 x 25.7 x 28 x 24.5 x
FCF Yield 4.96% 2.8% 3.9% 3.57% 4.08%
Price to Book 41.4 x 43.1 x 31.3 x 30.8 x 29 x
Nbr of stocks (in thousands) 2,219,752 2,225,772 2,225,772 - -
Reference price 2 4.520 5.130 5.000 5.000 5.000
Announcement Date 23/08/22 22/08/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June 2022 2023 2024 2025 2026
Net sales 1 3,279 3,513 3,946 3,966 4,132
EBITDA 1 694 713.2 817.8 823.8 868.7
EBIT 1 547.8 615 709.7 709.9 754.2
Operating Margin 16.71% 17.51% 17.98% 17.9% 18.25%
Earnings before Tax (EBT) 1 526.3 386.5 542.5 579.2 632
Net income 1 346.6 264.8 399.4 404.9 440.4
Net margin 10.57% 7.54% 10.12% 10.21% 10.66%
EPS 2 0.1560 0.1190 0.1802 0.1833 0.1987
Free Cash Flow 1 600 376.9 507 463.5 528
FCF margin 18.3% 10.73% 12.85% 11.69% 12.78%
FCF Conversion (EBITDA) 86.46% 52.85% 62% 56.27% 60.78%
FCF Conversion (Net income) 173.11% 142.33% 126.96% 114.47% 119.91%
Dividend per Share 2 - 0.1400 0.1723 0.1767 0.1914
Announcement Date 23/08/22 22/08/23 - - -
1AUD in Million2AUD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1
Net sales 1 1,784 1,495 1,920 1,593 1,885 1,961 1,986 1,992 2,066
EBITDA 1 353 341 409.4 303.8 399.1 350.9 - - -
EBIT 1 313 234.8 360.8 254.2 347 345.7 365.4 343.6 391.8
Operating Margin 17.54% 15.71% 18.79% 15.96% 18.41% 17.62% 18.4% 17.25% 18.97%
Earnings before Tax (EBT) - 254.3 - - - - - - -
Net income - 158.6 172.9 91.9 217.4 - - - -
Net margin - 10.61% 9% 5.77% 11.53% - - - -
EPS - 0.0710 - - - - - - -
Dividend per Share 2 - - - 0.0600 0.0800 0.0780 - - -
Announcement Date 31/03/22 23/08/22 22/02/23 22/08/23 20/02/24 - - - -
1AUD in Million2AUD
Estimates

Balance Sheet Analysis

Fiscal Period: June 2022 2023 2024 2025 2026
Net Debt 1 2,073 2,025 1,884 1,855 1,802
Net Cash position 1 - - - - -
Leverage (Debt/EBITDA) 2.987 x 2.84 x 2.304 x 2.252 x 2.075 x
Free Cash Flow 1 600 377 507 464 528
ROE (net income / shareholders' equity) 135% 104% 131% 123% 125%
ROA (Net income/ Total Assets) 10% 6.17% 9.04% 9.35% 10.2%
Assets 1 3,464 4,294 4,416 4,329 4,329
Book Value Per Share 2 0.1100 0.1200 0.1600 0.1600 0.1700
Cash Flow per Share 2 0.2800 0.2100 0.2700 0.2200 0.2600
Capex 1 24.4 79.6 70.4 70.6 73
Capex / Sales 0.74% 2.27% 1.79% 1.78% 1.77%
Announcement Date 23/08/22 22/08/23 - - -
1AUD in Million2AUD
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
5 AUD
Average target price
5.437 AUD
Spread / Average Target
+8.73%
Consensus

Quarterly revenue - Rate of surprise

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