TABCORP HOLDINGS LIMITED (TAH)
Share Price Analysis and Chart

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TAH

TAH - TABCORP HOLDINGS LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 2.42
Index: ASX200 | ASX300 | ALL-ORDS

Tabcorp is the largest provider of lotteries, Keno, and gambling products in Australia. Tabcorp has been listed since 1994.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.84

25 Jun
2026

0.015

OPEN

$0.83

1.82%

HIGH

$0.84

4,022,830

LOW

$0.83

TARGET
$1.064 26.7% upside
OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BBT . BET . JIN . LNW . PBH . PLY . SGR . SKC . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
TAH: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 2.0 3.7 xxx
DPS (cps) xxx 3.0 3.6 xxx
EPS Growth xxx 26.3% 84.4% xxx
DPS Growth xxx 50.0% 20.0% xxx
PE Ratio xxx N/A 24.7 xxx
Dividend Yield xxx N/A 3.9% xxx
Div Pay Ratio(%) xxx 148.5% 96.6% xxx

Dividend yield today if purchased 3 years ago: 3.02%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 3.26

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: 31/08 - (franking ex-div 1.50c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx2.0
DPS All xxxxxxxxxxxxxxx3.0
Sales/Revenue xxxxxxxxxxxxxxx2,154.3 M
Book Value Per Share xxxxxxxxxxxxxxx55.0
Net Operating Cash Flow xxxxxxxxxxxxxxx309.3 M
Net Profit Margin xxxxxxxxxxxxxxx2.15 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx3.68 %
Return on Invested Capital xxxxxxxxxxxxxxx2.23 %
Return on Assets xxxxxxxxxxxxxxx1.46 %
Return on Equity xxxxxxxxxxxxxxx3.68 %
Return on Total Capital xxxxxxxxxxxxxxx8.89 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx107.8 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx30 M
Long Term Debt xxxxxxxxxxxxxxx802 M
Total Debt xxxxxxxxxxxxxxx832 M
Goodwill - Gross xxxxxxxxxxxxxxx3,576 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx306 M
Price To Book Value xxxxxxxxxxxxxxx1.52

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx150.7 M
Capex % of Sales xxxxxxxxxxxxxxx7.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,709 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx258 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx31 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

0.3

No. Of Recommendations

5
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

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

06/05/2026

3

Neutral

$1.10

30.95%

Macquarie notes from its 2026 conference, Tabcorp Holdings sees the wagering environment as defensive, with no trading update provided as usual but strategic initiatives expected to support volumes into FY27.

The broker highlights progress on the national tote rollout, targeting July 2026 completion, with benefits including improved liquidity and more competitive pricing.

Continued product and retail execution, including new terminal deployment and the rollout of TAB Live across venues ahead of the FIFA World Cup.

Management remains focused on disciplined capital allocation and cost transformation initiatives, including the use of AI, while retaining a stable contribution from integrity services. Neutral. Target $1.10.

FORECAST
Macquarie forecasts a full year FY26 dividend of 2.70 cents and EPS of 2.70 cents.
Macquarie forecasts a full year FY27 dividend of 2.80 cents and EPS of 3.40 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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

11/05/2026

2

Overweight

$1.05

25.00%

Jarden maintains an Overweight rating for Tabcorp Holdings with an unchanged $1.05 target price following the commencement of an Austrac enforcement investigation into anti-money laundering compliance.

The broker views the recent -23% share price decline as an overreaction, noting the market is pricing in a severe financial penalty and material ongoing remediation costs well beyond historical sector precedents.

While repeat offender status presents a risk, a zero-penalty outcome remains possible via an enforceable undertaking.

Top-line implications appear limited compared to casino peers because the business relies overwhelmingly on mass-market wagering rather than high-risk VIP segments, commentary states.

Earnings per share forecasts remain steady at 2.5c in FY26 and 3.3c in FY27 pending further clarity on potential civil proceedings or provision disclosures.

FORECAST
Jarden forecasts a full year FY26 EPS of 2.50 cents.
Jarden forecasts a full year FY27 EPS of 3.30 cents.
Access Extra Coverage Research History >

TAH STOCK CHART

FNArena News on TAH

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