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: 3.45
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.77

02 Oct
2025

-0.070

OPEN

$5.88

-1.20%

HIGH

$5.88

4,364,082

LOW

$5.69

TARGET
$5.808 0.7% 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 FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 16.4 18.6 xxx
DPS (cps) xxx 16.5 18.4 xxx
EPS Growth xxx - 11.7% 13.2% xxx
DPS Growth xxx - 10.8% 11.4% xxx
PE Ratio xxx N/A 31.0 xxx
Dividend Yield xxx N/A 3.2% xxx
Div Pay Ratio(%) xxx 100.4% 98.8% xxx

Dividend yield today if purchased 3 years ago: 4.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.86

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: 28/08 - ex-div 10.50c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 2022202320242025
EPS Basic xxxxxxxxx16.4
DPS All xxxxxxxxx16.5
Sales/Revenue xxxxxxxxx3,727.2 M
Book Value Per Share xxxxxxxxx14.5
Net Operating Cash Flow xxxxxxxxx541.7 M
Net Profit Margin xxxxxxxxx9.81 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 2022202320242025
Return on Capital Employed xxxxxxxxx106.73 %
Return on Invested Capital xxxxxxxxx13.34 %
Return on Assets xxxxxxxxx8.34 %
Return on Equity xxxxxxxxx106.73 %
Return on Total Capital xxxxxxxxx21.85 %
Free Cash Flow ex dividends xxxxxxxxx130.1 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 2022202320242025
Short-Term Debt xxxxxxxxx174 M
Long Term Debt xxxxxxxxx2,327 M
Total Debt xxxxxxxxx2,500 M
Goodwill - Gross xxxxxxxxx2,083 M
Cash & Equivalents - Generic xxxxxxxxx662 M
Price To Book Value xxxxxxxxx36.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 2022202320242025
Capex xxxxxxxxx71.6 M
Capex % of Sales xxxxxxxxx1.92 %
Cost of Goods Sold xxxxxxxxx914 M
Selling, General & Admin. Exp & Other xxxxxxxxx2,195 M
Research & Development xxxxxxxxx-
Investments - Total xxxxxxxxx563 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

0.2

No. Of Recommendations

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

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

21/08/2025

3

Equal-weight

$5.60

-2.95%

Lottery Corp's FY25 result was broadly in line with expectations but the highlight, according to Morgan Stanley, was greater visibility into FY26 revenue.

Morgan Stanley notes FY26 will be benefit from Saturday lotto game change and Powerball price increase in November which is six months earlier than expected. Growth in revenue is expected to have 2H bias.

The broker expects margin expansion over the medium term from cost management, with cost growth expected to be below revenue growth from FY26.

FY26-28 EPS forecasts lifted by an average 4.5% on favourable jackpot sequencing, digital penetration, price increase plus cost management. 

Equal-weight. Target increases to $5.60 from $5.25. Industry View: In-Line.

FORECAST
Morgan Stanley forecasts a full year FY26 dividend of 19.00 cents and EPS of 19.00 cents.
Morgan Stanley forecasts a full year FY27 dividend of 22.00 cents and EPS of 22.00 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxxxxxxxxx

$xx.xx

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

09/09/2025

4

Downgrade to Underweight from Neutral

$5.65

-2.08%

Jarden notes Lottery Corp's share price has outperformed in the past month, rising 9%, with the FY25 result providing an additional boost.

The share price is up 18% year-to-date. As a result, rating downgraded to Underweight from Neutral. Target unchangedat $5.65.

FORECAST
Jarden forecasts a full year FY26 dividend of 17.00 cents and EPS of 19.30 cents.
Jarden forecasts a full year FY27 dividend of 19.50 cents and EPS of 21.60 cents.
Access Extra Coverage Research History >

TLC STOCK CHART

FNArena News on TLC

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