ARISTOCRAT LEISURE LIMITED (ALL)
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ALL

ALL - ARISTOCRAT LEISURE LIMITED

FNArena Sector : Gaming
Year End: September
GICS Industry Group : Consumer Services
Debt/EBITDA: 0.8
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Aristocrat Leisure designs, manufactures and services gaming machines and associated equipment. It also has a range of digital games and operates in over 90 countries. It was first listed in July 1996.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$56.48

18 Nov
2025

-0.710

OPEN

$56.21

-1.24%

HIGH

$56.48

2,107,079

LOW

$55.79

TARGET
$74.014 31.0% upside
OTHER COMPANIES IN THE SAME SECTOR
AGI . BBT . BET . JIN . LNW . PBH . PLY . SGR . SKC . TAH . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
ALL: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 229.3 270.1 xxx
DPS (cps) xxx 93.0 97.0 xxx
EPS Growth xxx 12.0% 17.8% xxx
DPS Growth xxx 19.2% 4.3% xxx
PE Ratio xxx N/A 21.1 xxx
Dividend Yield xxx N/A 1.7% xxx
Div Pay Ratio(%) xxx 40.6% 35.9% xxx

Dividend yield today if purchased 3 years ago: 2.57%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.63

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: 29/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx229.3
DPS All xxxxxxxxxxxxxxx93.0
Sales/Revenue xxxxxxxxxxxxxxx6,297.0 M
Book Value Per Share xxxxxxxxxxxxxxx1,066.4
Net Operating Cash Flow xxxxxxxxxxxxxxx1,933.7 M
Net Profit Margin xxxxxxxxxxxxxxx18.80 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx18.45 %
Return on Invested Capital xxxxxxxxxxxxxxx13.96 %
Return on Assets xxxxxxxxxxxxxxx11.44 %
Return on Equity xxxxxxxxxxxxxxx18.45 %
Return on Total Capital xxxxxxxxxxxxxxx23.27 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx1,044.3 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx159 M
Long Term Debt xxxxxxxxxxxxxxx1,871 M
Total Debt xxxxxxxxxxxxxxx2,030 M
Goodwill - Gross xxxxxxxxxxxxxxx4,015 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,291 M
Price To Book Value xxxxxxxxxxxxxxx6.56

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx458.3 M
Capex % of Sales xxxxxxxxxxxxxxx7.28 %
Cost of Goods Sold xxxxxxxxxxxxxxx2,599 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,688 M
Research & Development xxxxxxxxxxxxxxx800 M
Investments - Total xxxxxxxxxxxxxxx85 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

1.0

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$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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Morgans

13/11/2025

1

Upgrade to Buy from Accumulate

$73.00

29.25%

Morgans upgrades Aristocrat Leisure to Buy from Accumulate with a lowered target of $73 from $77 on the back of what is viewed as a "solid" result.

Revenue advanced 8% in constant currency, which met expectations and consensus for 9% topline CAGR over five years.

Sales in 2H25 boosted gaming with robust 2H cadence in North American ship share, which achieved around 31%, and the ops installed base lifted 4.1k units y/y with a circa 43% share.

Against a falling market, social slots grew 5% versus the market at 9%, while the direct-to-consumer mix rose 16% with margin growth of 380bps. Interactive came in below both the broker's and consensus expectations.

Morgans assumes $750m in buybacks in FY26 and lowers its earnings (EBITA) forecasts by around -5% to -6% across FY26-FY27.

FORECAST
Morgans forecasts a full year FY26 dividend of 95.00 cents and EPS of 254.00 cents.
Morgans forecasts a full year FY27 dividend of 100.00 cents and EPS of 289.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

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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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

17/11/2025

1

Buy

$74.00

31.02%

Aristocrat Leisure's FY25 earnings slightly beat expectations but a softer outlook was flagged.

Jarden reckons the company is well-placed to deliver high-single to double-digit earnings growth over the forecast period from Gaming Ops net unit adds. Also supportive are strong A&NZ ship-share, new casino openings, and Interactive market-share gains.

Gaming Ops FPD (fee per day) outlook remains solid, the broker notes, supported by normalising gross gaming revenue (GGR), strong game performance, and disciplined commercial execution.

FY26 EBITA forecast trimmed by -1% on softer North American Gaming Ops expectations, while Interactive and A&NZ units are revised lower and long-term EPSA reduced -2% on moderated install and fee-per-day growth assumptions.

Buy. Target trimmed to 74c from 75c.

FORECAST
Jarden forecasts a full year FY26 dividend of 105.00 cents and EPS of 274.80 cents.
Jarden forecasts a full year FY27 dividend of 115.00 cents and EPS of 311.40 cents.
Access Extra Coverage Research History >

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