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: 3.72
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$173.49

03 Feb
2026

6.080

OPEN

$170.67

3.63%

HIGH

$174.81

435,320

LOW

$169.44

TARGET
$204.429 17.8% 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 FY25
Forecast		 FY26
Forecast
EPS (cps) 899.9 xxx
DPS (cps) 0.0 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 19.0 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: N/A

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 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx572.4
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx4,833.2 M
Book Value Per Share xxxxxxxxxxxxxxx1,194.4
Net Operating Cash Flow xxxxxxxxxxxxxxx952.1 M
Net Profit Margin xxxxxxxxxxxxxxx10.54 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx47.42 %
Return on Invested Capital xxxxxxxxxxxxxxx7.22 %
Return on Assets xxxxxxxxxxxxxxx6.03 %
Return on Equity xxxxxxxxxxxxxxx47.42 %
Return on Total Capital xxxxxxxxxxxxxxx16.23 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx506.4 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 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx63 M
Long Term Debt xxxxxxxxxxxxxxx6,263 M
Total Debt xxxxxxxxxxxxxxx6,326 M
Goodwill - Gross xxxxxxxxxxxxxxx4,668 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx494 M
Price To Book Value xxxxxxxxxxxxxxx11.48

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx445.7 M
Capex % of Sales xxxxxxxxxxxxxxx9.22 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,959 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,719 M
Research & Development xxxxxxxxxxxxxxx397 M
Investments - Total xxxxxxxxxxxxxxx40 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

0.9

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx xx xxxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

12/01/2026

1

Buy

$175.00

0.87%

Light & Wonder has agreed to pay US$127.5m (around $190m) to Aristocrat Leisure to settle IP misappropriation and infringement claims, Citi notes. The two companies have agreed on confidential processes to address any remaining or future game-related issues.

The broker views the settlement as a positive outcome for Light & Wonder, removing a key overhang, with the size of settlement in line with market expectations.

Buy retained. Target unchanged at $175.

FORECAST
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of 755.04 cents.
Citi forecasts a full year FY26 dividend of 0.00 cents and EPS of 1000.15 cents.

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

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

12/01/2026

1

Buy

$192.00

10.67%

Light & Wonder resolved litigation with Aristocrat Leisure ((ALL)) in Australia and the US over Dragon Train-related IP claims, agreeing to a -US$127.5m settlement.

Canaccord Genuity reckons the outcome de-risks the stock, with US Dragon Train already removed, potential re-profiling of Australian units, and limited operational impact.

The broker maintains a positive view on the stock, retaining a Buy rating and $192 target, noting it screens well for potential ASX50 inclusion.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 0.00 cents and EPS of 790.89 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 843.21 cents.
Access Extra Coverage Research History >

LNW STOCK CHART

FNArena News on LNW

Latest Gaming News

1
Treasure Chest: The Bull Case For Jumbo Interactive

May 30 2022 - Treasure Chest
2
Lottery Powers Jumbo Interactive’s Growth

Mar 01 2022 - Small Caps
3
Treasure Chest: Game On For Aristocrat Leisure

Jan 20 2022 - Treasure Chest
4
ASX-Listed e-Gaming Stocks Show Promise But Are They In The Main Event?

Oct 27 2021 - Weekly Reports
5
Aristocrat Leisure Gambles On Playtech

Oct 19 2021 - Australia
6
Aristocrat Thrives On Stimulus

May 18 2021 - Australia
7
Aristocrat Signals Bullish Rebound

Apr 06 2021 - Australia
8
Advantage Accruing To Aristocrat Leisure

Nov 19 2020 - Australia
9
Treasure Chest: Aristocrat’s iGaming Prize

Sep 23 2020 - Treasure Chest
10
Heightened Risks For Tabcorp

Aug 04 2020 - Australia