TABCORP HOLDINGS LIMITED (TAH)
Share Price Analysis and Chart

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TAH - TABCORP HOLDINGS LIMITED

FNArena Sector : Gaming
Year End: June
GICS Industry Group : Consumer Services
Debt/EBITDA: 1.58
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

$0.945

03 Oct
2023

0.010

OPEN

$0.92

1.07%

HIGH

$0.96

5,577,812

LOW

$0.91

TARGET
$1.182

+0.01 change from previous day

 25.1% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
AGI . ALL . BET . JIN . PBH . PLY . SGR . SKC . TLC . TLC .
FNARENA'S MARKET CONSENSUS FORECASTS
TAH: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 2.9 3.6 xxx
DPS (cps) xxx 2.3 2.2 xxx
EPS Growth xxx - 99.0% 23.4% xxx
DPS Growth xxx - 99.5% - 3.7% xxx
PE Ratio xxx N/A 26.0 xxx
Dividend Yield xxx N/A 2.4% xxx
Div Pay Ratio(%) xxx 78.5% 61.3% xxx

Dividend yield today if purchased 3 years ago: 0.67%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 2.45

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 - ex-div 1c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx2.9
DPS All xxxxxxxxxxxxxxx2.3
Sales/Revenue xxxxxxxxxxxxxxx2,101.1 M
Book Value Per Share xxxxxxxxxxxxxxx119.5
Net Operating Cash Flow xxxxxxxxxxxxxxx119.3 M
Net Profit Margin xxxxxxxxxxxxxxx3.17 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx2.48 %
Return on Invested Capital xxxxxxxxxxxxxxx2.15 %
Return on Assets xxxxxxxxxxxxxxx1.64 %
Return on Equity xxxxxxxxxxxxxxx2.48 %
Return on Total Capital xxxxxxxxxxxxxxx3.91 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-200.5 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx37 M
Long Term Debt xxxxxxxxxxxxxxx535 M
Total Debt xxxxxxxxxxxxxxx572 M
Goodwill - Gross xxxxxxxxxxxxxxx3,576 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx291 M
Price To Book Value xxxxxxxxxxxxxxx0.93

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx196.9 M
Capex % of Sales xxxxxxxxxxxxxxx9.37 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,759 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx220 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx35 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

0.5

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgans

25/08/2023

1

Add

$1.30

37.57%

FY23 results for Tabcorp Holdings were in line with expectations and Morgans makes minimal changes to FY24 and FY25 earnings forecasts. A dividend of 2.3cps was declared.

In an ongoing pivot of the Gaming Services division towards integrity services due to the regulatory focus on gaming machines, explains the broker, management announced the sale of MAX Performance Solutions for $21.3m.

The Add rating and $1.30 target are unchanged.

FORECAST
Morgans forecasts a full year FY24 dividend of 2.50 cents and EPS of 4.20 cents.
Morgans forecasts a full year FY25 dividend of 3.40 cents and EPS of 5.70 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

TAH STOCK CHART

FNArena News on TAH

1
Australian Broker Call *Extra* Edition – Sep 04, 2023

Sep 04 2023 - Daily Market Reports
2
FNArena Corporate Results Monitor – 25-08-2023

Aug 25 2023 - Australia
3
In Brief: Looming Recession, Oil, Groceries & Wagering

Aug 11 2023 - Weekly Reports
4
Roll Of The Dice; Recession Proof Gambling

Jul 05 2023 - Australia
5
Rudi’s View: Bull, Bear & Bubble; AI Is The New Kingmaker

Jun 07 2023 - Rudi's View

Latest Gaming News

1
Aristrocrat Set To Extend US Market Share

Jul 27 2023 - Australia
2
Regulatory Risk On The Rise For Endeavour Group

Jul 18 2023 - Australia
3
Roll Of The Dice; Recession Proof Gambling

Jul 05 2023 - Australia
4
Aristocrat Boosts Real Money Gaming Strategy

May 16 2023 - Australia
5
Aristocrat Leisure Eyeing Real Money Opportunity

Mar 29 2023 - Australia
6
Lottery Corp Enjoys A Win

Feb 27 2023 - Australia
7
Capital Management Options For Aristocrat Leisure

Nov 18 2022 - Australia
8
Lottery Corp Implements Powerball Pricing Boost 

Nov 10 2022 - Australia
9
How Resilient Is Aristocrat Leisure In Downturn?

Sep 20 2022 - Australia
10
Jumbo Optimism Relies On Lottery Resilience

Sep 07 2022 - Small Caps