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Earnings warningFinancial distress

Lottery Corporation

ASX:TLC · AU0000219529
Hotels, Restaurants & LeisureMedium

360

49
EV / EBIT16
Price / Owner Earnings17
Owner Earnings Yield44
Dividend Yield87
Price/Sales31
EV / Gross Profit42
Price/Book1
Return on Capital87
Cash Return on Capital72
Return on Equity98
EBIT Margin55
Gross Profitability93
Cash Conversion39
Accruals47
Owner Earnings Margin60
Sales growth15
Profit Growth96
Long-Term EPS Growth51
Owner Earnings Growth49
Reinvestment66
Price momentum68
Debt load3
Refinancing27
Debt Payback39
Liquidity52
Analyst ratings8
Opinion Changes50
Price Target Upside12
Market mood76
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Lottery Corporation clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryHotels, Restaurants & Leisure
SizeMedium
TypePublic Company
ExchangeASX
Founded1998
Employees749
ISINAU0000219529
Last UpdateApr 2, 2026

Description

The Lottery Corporation Limited engages in provision of gaming and entertainment services. Business Segments The company operates through Lotteries and Keno segments. Lotteries This segment encompasses the operation of various lottery games that…

Analysis

Hope premium

The Lottery Corporation Limited carries what we call a hope premium: an average business trading at an ambitious price. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 39.7× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 15% yearly growth; analysts expect 5%. The market is pricing in far more than analysts expect: heroic expectations.

The trajectory is moderate and the balance sheet is adequate. The company scores 12/20 on our value-creation score: creating some value.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
49
2026

All-time high

49

Jun 2026

All-time low

25

Mar 2026

Average rank

37

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
31
Price/Earnings
23
Price/Book
1
Dividend Yield
87
Value (overall)
31

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →