Aristocrat Leisure
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Aristocrat Leisure Limited, together with its subsidiaries, engages in the development, assembly, sale, distribution, and servicing of games and systems in the Americas, Australia, New Zealand, and internationally. The last earnings update was 5 days ago. More info.
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ALL Share Price and Events
7 Day Returns
1 Year Returns
ALL Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Aristocrat Leisure (ALL) | 7.1% | 11.3% | 16.6% | -5% | 129.4% | 453.4% |
| AU Hospitality | 3% | 1.1% | 4.7% | -7.7% | 20.7% | 51.7% |
| AU Market | 1.2% | 1.1% | 3.9% | 4.7% | 18.3% | 9% |
1 Year Return vs Industry and Market
- ALL outperformed the Hospitality industry which returned -7.7% over the past year.
- ALL underperformed the Market in Australia which returned 4.7% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Aristocrat Leisure
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Aristocrat Leisure.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 15 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.3% |
| Perpetual Growth Rate | 10-Year AU Government Bond Rate | 2.3% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AU Govt Bond Rate | 2.3% |
| Equity Risk Premium | S&P Global | 6% |
| Hospitality Unlevered Beta | Simply Wall St/ S&P Global | 0.92 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.916 (1 + (1- 30%) (15.85%)) |
1.012 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.01 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.31% + (1.012 * 5.96%) |
8.34% |
Discounted Cash Flow Calculation for ASX:ALL using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Aristocrat Leisure is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (AUD, Millions) | Source |
Present Value Discounted (@ 8.34%) |
|
|---|---|---|---|
| 2019 | 816.35 | Analyst x4 | 753.50 |
| 2020 | 1,016.10 | Analyst x4 | 865.65 |
| 2021 | 1,124.45 | Analyst x2 | 884.21 |
| 2022 | 1,211.99 | Est @ 7.79% | 879.67 |
| 2023 | 1,286.44 | Est @ 6.14% | 861.82 |
| 2024 | 1,350.69 | Est @ 4.99% | 835.19 |
| 2025 | 1,407.27 | Est @ 4.19% | 803.18 |
| 2026 | 1,458.30 | Est @ 3.63% | 768.22 |
| 2027 | 1,505.43 | Est @ 3.23% | 731.99 |
| 2028 | 1,549.93 | Est @ 2.96% | 695.60 |
| Present value of next 10 years cash flows | A$8,079.02 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= A$1,549.93 × (1 + 2.31%) ÷ (8.34% – 2.31%) |
A$26,299.76 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= A$26,299.76 ÷ (1 + 8.34%)10 |
A$11,803.21 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= A$8,079.02 + A$11,803.21 |
A$19,882.23 |
| Equity Value per Share (AUD) |
= Total value / Shares Outstanding
= A$19,882.23 / 638.54 |
A$31.14 |
| Calculation | Result | |
|---|---|---|
| Value per share (AUD) | From above. | A$31.14 |
| Current discount | Discount to share price of
A$29.22
= -1 x (A$29.22 - A$31.14) / A$31.14 |
6.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Aristocrat Leisure's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Aristocrat Leisure's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Aristocrat Leisure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Aristocrat Leisure's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in AUD | A$0.99 |
| ASX:ALL Share Price ** | ASX (2019-05-27) in AUD | A$29.22 |
| Australia Hospitality Industry PE Ratio | Median Figure of 16 Publicly-Listed Hospitality Companies | 18x |
| Australia Market PE Ratio | Median Figure of 543 Publicly-Listed Companies | 16.23x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Aristocrat Leisure.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ASX:ALL Share Price ÷ EPS (both in AUD) = 29.22 ÷ 0.99 |
29.48x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Aristocrat Leisure is overvalued based on earnings compared to the AU Hospitality industry average.
- Aristocrat Leisure is overvalued based on earnings compared to the Australia market.
Price based on expected Growth
Does
Aristocrat Leisure's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 29.48x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts |
14.1%per year |
| Australia Hospitality Industry PEG Ratio | Median Figure of 14 Publicly-Listed Hospitality Companies | 1.81x |
| Australia Market PEG Ratio | Median Figure of 358 Publicly-Listed Companies | 1.41x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 29.48x ÷ 14.1% |
2.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Aristocrat Leisure is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Aristocrat Leisure's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in AUD | A$2.96 |
| ASX:ALL Share Price * | ASX (2019-05-27) in AUD | A$29.22 |
| Australia Hospitality Industry PB Ratio | Median Figure of 24 Publicly-Listed Hospitality Companies | 1.47x |
| Australia Market PB Ratio | Median Figure of 1,682 Publicly-Listed Companies | 1.66x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ASX:ALL Share Price ÷ Book Value per Share (both in AUD) = 29.22 ÷ 2.96 |
9.89x |
* Primary Listing of Aristocrat Leisure.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Aristocrat Leisure is overvalued based on assets compared to the AU Hospitality industry average.
Value checks
We assess Aristocrat Leisure's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check) Aristocrat Leisure has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Aristocrat Leisure's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
- Aristocrat Leisure's earnings growth is expected to exceed the Australia market average.
- Aristocrat Leisure's revenue growth is expected to exceed the Australia market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ASX:ALL Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts | 14.1% |
| ASX:ALL Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts | 6.4% |
| Australia Hospitality Industry Earnings Growth Rate | Market Cap Weighted Average | 14.2% |
| Australia Hospitality Industry Revenue Growth Rate | Market Cap Weighted Average | 5.6% |
| Australia Market Earnings Growth Rate | Market Cap Weighted Average | 6.9% |
| Australia Market Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 5,555 | 1,244 | 2 | |
| 2022-09-30 | 5,379 | 1,199 | 3 | |
| 2021-09-30 | 4,970 | 1,359 | 993 | 12 |
| 2020-09-30 | 4,714 | 1,266 | 887 | 15 |
| 2019-09-30 | 4,371 | 1,100 | 743 | 15 |
| Date (Data in AUD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 4,095 | 1,124 | 632 |
| 2018-12-31 | 3,823 | 1,029 | 587 |
| 2018-09-30 | 3,550 | 934 | 543 |
| 2018-06-30 | 3,158 | 789 | 522 |
| 2018-03-31 | 2,785 | 645 | 502 |
| 2017-12-31 | 2,620 | 722 | 499 |
| 2017-09-30 | 2,454 | 799 | 495 |
| 2017-06-30 | 2,400 | 798 | 468 |
| 2017-03-31 | 2,347 | 798 | 441 |
| 2016-12-31 | 2,238 | 739 | 396 |
| 2016-09-30 | 2,129 | 681 | 351 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
All data from Aristocrat Leisure Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-09-30 | 1.95 | 1.95 | 1.95 | 1.00 |
| 2022-09-30 | 1.89 | 1.89 | 1.89 | 1.00 |
| 2021-09-30 | 1.55 | 1.68 | 1.44 | 7.00 |
| 2020-09-30 | 1.38 | 1.52 | 1.26 | 9.00 |
| 2019-09-30 | 1.15 | 1.19 | 1.09 | 9.00 |
| Date (Data in AUD Millions) | EPS * |
|---|---|
| 2019-03-31 | 0.99 |
| 2018-12-31 | 0.92 |
| 2018-09-30 | 0.85 |
| 2018-06-30 | 0.82 |
| 2018-03-31 | 0.79 |
| 2017-12-31 | 0.78 |
| 2017-09-30 | 0.78 |
| 2017-06-30 | 0.73 |
| 2017-03-31 | 0.69 |
| 2016-12-31 | 0.62 |
| 2016-09-30 | 0.55 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Aristocrat Leisure's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Aristocrat Leisure has a total score of 4/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Aristocrat Leisure performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Aristocrat Leisure has delivered over 20% year on year earnings growth in the past 5 years.
- Aristocrat Leisure's 1-year earnings growth is less than its 5-year average (25.9% vs 32%)
- Aristocrat Leisure's earnings growth has exceeded the AU Hospitality industry average in the past year (25.9% vs 19.3%).
Earnings and Revenue History
All data from Aristocrat Leisure Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in AUD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 4,095.40 | 632.10 | 707.80 | 476.70 |
| 2018-12-31 | 3,822.60 | 587.35 | 675.15 | 445.15 |
| 2018-09-30 | 3,549.80 | 542.60 | 642.50 | 413.60 |
| 2018-06-30 | 3,158.10 | 522.30 | 607.05 | 366.20 |
| 2018-03-31 | 2,785.30 | 502.00 | 548.00 | 318.80 |
| 2017-12-31 | 2,619.55 | 498.55 | 492.50 | 293.60 |
| 2017-09-30 | 2,453.80 | 495.10 | 437.00 | 268.40 |
| 2017-06-30 | 2,400.45 | 468.05 | 430.85 | 265.05 |
| 2017-03-31 | 2,347.10 | 441.00 | 424.70 | 261.70 |
| 2016-12-31 | 2,237.90 | 395.75 | 422.85 | 250.45 |
| 2016-09-30 | 2,128.70 | 350.50 | 421.00 | 239.20 |
| 2016-03-31 | 1,907.22 | 241.91 | 425.99 | 214.81 |
| 2015-12-31 | 1,744.81 | 199.30 | 399.34 | 203.10 |
| 2015-09-30 | 1,582.40 | 156.70 | 372.70 | 191.40 |
| 2015-03-31 | 1,112.72 | 129.28 | 240.17 | 145.58 |
| 2014-12-31 | 973.19 | 123.13 | 202.64 | 134.17 |
| 2014-09-30 | 833.67 | 116.98 | 165.11 | 122.75 |
| 2014-03-31 | 823.49 | 120.24 | 171.17 | 121.79 |
| 2013-12-31 | 810.77 | 115.72 | 171.39 | 118.80 |
| 2013-09-30 | 798.05 | 111.21 | 171.60 | 115.82 |
| 2012-09-30 | 775.74 | 60.68 | 199.28 | 124.31 |
| 2012-06-30 | 790.05 | 75.98 | 193.22 | 112.02 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Whilst Aristocrat Leisure has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
- Aristocrat Leisure used its assets more efficiently than the AU Hospitality industry average last year based on Return on Assets.
- Aristocrat Leisure has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Aristocrat Leisure's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Aristocrat Leisure has a total score of 4/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Aristocrat Leisure's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Aristocrat Leisure's finances.
The net worth of a company is the difference between its assets and liabilities.
- Aristocrat Leisure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Aristocrat Leisure's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Aristocrat Leisure Company Filings, last reported 1 month ago.
| Date (Data in AUD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 1,887.00 | 2,952.40 | 513.70 |
| 2018-12-31 | 1,887.00 | 2,952.40 | 513.70 |
| 2018-09-30 | 1,732.50 | 2,881.10 | 435.50 |
| 2018-06-30 | 1,732.50 | 2,881.10 | 435.50 |
| 2018-03-31 | 1,513.40 | 2,915.50 | 376.20 |
| 2017-12-31 | 1,513.40 | 2,915.50 | 376.20 |
| 2017-09-30 | 1,345.60 | 1,200.30 | 553.50 |
| 2017-06-30 | 1,345.60 | 1,200.30 | 553.50 |
| 2017-03-31 | 1,243.80 | 1,230.00 | 400.70 |
| 2016-12-31 | 1,243.80 | 1,230.00 | 400.70 |
| 2016-09-30 | 1,075.50 | 1,298.60 | 289.10 |
| 2016-03-31 | 955.79 | 1,577.80 | 349.88 |
| 2015-12-31 | 955.79 | 1,577.80 | 349.88 |
| 2015-09-30 | 917.40 | 1,787.80 | 339.10 |
| 2015-03-31 | 786.19 | 1,636.66 | 169.00 |
| 2014-12-31 | 786.19 | 1,636.66 | 169.00 |
| 2014-09-30 | 706.08 | 114.63 | 293.61 |
| 2014-03-31 | 386.55 | 254.11 | 26.58 |
| 2013-12-31 | 386.55 | 254.11 | 26.58 |
| 2013-09-30 | 375.43 | 237.88 | 35.92 |
| 2012-09-30 | 276.52 | 214.45 | 28.39 |
| 2012-06-30 | 289.32 | 245.39 | 28.02 |
- Aristocrat Leisure's level of debt (156.5%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (65.2% vs 156.5% today).
- Debt is well covered by operating cash flow (38.1%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 8.5x coverage).
Financial health checks
We assess Aristocrat Leisure's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Aristocrat Leisure has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Aristocrat Leisure's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
A$2,000 of
Aristocrat Leisure
shares you are expected to receive
A$34
in your first year as a dividend.
Dividend Amount
- Aristocrat Leisure's pays a lower dividend yield than the bottom 25% of dividend payers in Australia (2.59%).
- Aristocrat Leisure's dividend is below the markets top 25% of dividend payers in Australia (5.64%).
Upcoming dividend payment
Purchase Aristocrat Leisure before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Australia Hospitality Industry Average Dividend Yield | Market Cap Weighted Average of 17 Stocks | 3.3% |
| Australia Market Average Dividend Yield | Market Cap Weighted Average of 414 Stocks | 4.2% |
| Australia Minimum Threshold Dividend Yield | 10th Percentile | 1.6% |
| Australia Bottom 25% Dividend Yield | 25th Percentile | 2.6% |
| Australia Top 25% Dividend Yield | 75th Percentile | 5.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in A$) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-09-30 | 0.82 | 2.00 |
| 2022-09-30 | 0.79 | 3.00 |
| 2021-09-30 | 0.69 | 12.00 |
| 2020-09-30 | 0.63 | 14.00 |
| 2019-09-30 | 0.54 | 14.00 |
| Date (Data in A$) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-05-22 | 0.490 | 1.751 |
| 2018-11-28 | 0.460 | 1.893 |
| 2018-05-24 | 0.390 | 1.325 |
| 2017-11-29 | 0.340 | 1.391 |
| 2017-05-24 | 0.290 | 1.327 |
| 2016-11-29 | 0.300 | 1.781 |
| 2016-05-25 | 0.200 | 1.365 |
| 2015-11-24 | 0.180 | 1.793 |
| 2015-05-25 | 0.160 | 1.889 |
| 2014-11-24 | 0.160 | 2.190 |
| 2014-05-27 | 0.160 | 2.782 |
| 2013-11-25 | 0.145 | 2.996 |
| 2013-05-28 | 0.090 | 2.014 |
| 2012-11-27 | 0.060 | 1.676 |
| 2012-08-27 | 0.080 | 2.903 |
| 2012-02-28 | 0.065 | 2.323 |
| 2011-08-25 | 0.040 | 1.744 |
| 2011-02-24 | 0.030 | 1.144 |
| 2010-08-24 | 0.070 | 2.178 |
| 2010-02-22 | 0.000 | 0.000 |
| 2009-08-25 | 0.090 | 2.037 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have increased over the past 10 years.
Income/ dividend checks
We assess Aristocrat Leisure's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Aristocrat Leisure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Aristocrat Leisure has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | A$4,538,983 |
| TENURE AS CEO | 2.3 years |
CEO Bio
Mr. Trevor J. Croker serves as a Director of the Australasian Gaming Council and the American Gaming Association. He serves as Managing Director of Anz, Asia & EMEA at Aristocrat Technologies Europe Ltd. Mr. Croker has been the Chief Executive Officer and Managing Director at Aristocrat Leisure Limited since February 28, 2017 and March 1, 2017 respectively and serves as its Director. Mr. Croker served as the Chief Digital Officer and Executive Vice President of Global Products and Insights at Aristocrat Leisure Ltd until March 1, 2017. He served as the Managing Director of Australia and New Zealand at Aristocrat Leisure Ltd. Mr. Croker served as a Managing Director of Australia, New Zealand, Asia Pacific & EMEA at Aristocrat Leisure Limited since October 2009. He has significant experience building high performance sales organizations. Mr. Croker served as a Sales Director of Carlton & United Breweries from February 2009 to June 2009. He served as a Sales Director of Foster’s Australia from 2007 to 2009, Sales Director for National Accounts from 2006 to 2007 and Director of Customer Marketing from 2005 to 2006. Mr. Croker served as a Marketing Director of Asia Pacific at Beringer Blass Wine Estates from 2004 to 2005, Sales Director, Asia Pacific from 2002 to 2004 and National Sales Director (Australia) from 1999 to 2002. He served as NSW State Manager (North) of Carlton & United Breweries from 1997 to 1999, Queensland Regional Business Manager from 1995 to 1997 and Business Development Manager from 1994 to 1995. Mr. Croker holds a Graduate Diploma in Management from University of New South Wales in 2004 and an Associate Diploma Sports Administration from Griffith University in 1987.
CEO Compensation
- Trevor's compensation has been consistent with company performance over the past year, both up more than 20%.
- Trevor's remuneration is about average for companies of similar size in Australia.
Management Team Tenure
Average tenure of the Aristocrat Leisure management team in years:
- The tenure for the Aristocrat Leisure management team is about average.
Management Team
Trevor Croker
CEO, MD & Director
A$5M
2.3 yrs
Julie Cameron-Doe
Chief Financial Officer
A$1M
1.3 yrs
Mitch Bowen
Managing Director of Australia & New Zeland and International
A$1M
2.2 yrs
Matt Wilson
Managing Director of Americas
A$2M
2.2 yrs
James Alvarez
Chief Information Officer
Luke Bortoli
Global General Manager of Strategy
Mark Dunn
Executive VP & General Counsel
7.4 yrs
Christie Roser
Chief Human Resources Officer
2.9 yrs
Victor Blanco
Senior Vice President of Platform Architecture
A$951K
9.3 yrs
Rich Schneider
Chief Product Officer
60
7.8 yrs
Board of Directors Tenure
Average tenure and age of the Aristocrat Leisure board of directors in years:
- The average tenure for the Aristocrat Leisure board of directors is less than 3 years, this suggests a new board.
Board of Directors
Neil Chatfield
Chairman
A$205K
64
0.3 yrs
Sandra Panem
71
Trevor Croker
CEO, MD & Director
A$5M
2.2 yrs
Kathleen Conlon
Non-Executive Director
A$290K
54
5.3 yrs
Pat Ramsey
Non-Executive Director
A$333K
44
2.6 yrs
Arlene Tansey
Non-Executive Director
A$286K
61
2.8 yrs
Sylvia D. Couder
Non-Executive Director
A$346K
65
2.7 yrs
Steve Morro
Non-Executive Director
A$362K
59
8.4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (A$) | Value (A$) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10. Jan 19 | Buy | Sylvia D. Couder | Individual | 03. Jan 19 | 03. Jan 19 | 4,600 | A$21.90 | A$100,729 | ||
| 06. Dec 18 | Sell | BlackRock, Inc. | Company | 18. Jul 17 | 05. Dec 18 | -19,164,727 | A$32.84 | A$0 | ||
| 06. Dec 18 | Buy | BlackRock, Inc. | Company | 14. Jul 17 | 05. Dec 18 | 14,005,681 | A$32.93 | A$32 | ||
| 05. Dec 18 | Sell | The Vanguard Group, Inc. | Company | 03. Aug 18 | 30. Nov 18 | -332,047 | A$32.19 | A$-10,611,379 | ||
| 05. Dec 18 | Buy | The Vanguard Group, Inc. | Company | 03. Aug 18 | 29. Nov 18 | 1,334,888 | A$32.15 | A$42,642,726 | ||
| 04. Dec 18 | Buy | Arlene Tansey | Individual | 30. Nov 18 | 30. Nov 18 | 2,000 | A$25.04 | A$50,080 | ||
| 04. Dec 18 | Buy | Neil Chatfield | Individual | 30. Nov 18 | 30. Nov 18 | 6,000 | A$24.02 | A$144,120 | ||
| 03. Oct 18 | Buy | Neil Chatfield | Individual | 03. Oct 18 | 03. Oct 18 | 4,000 | A$27.69 | A$110,766 | ||
Management checks
We assess Aristocrat Leisure's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Aristocrat Leisure has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Can Aristocrat Leisure Limited's (ASX:ALL) ROE Continue To Surpass The Industry Average?
The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Aristocrat Leisure: 31% = AU$543m ÷ AU$1.7b (Based on the trailing twelve months to September 2018.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … How Does Debt Impact Return On Equity? … Combining Aristocrat Leisure's Debt And Its 31% Return On Equity Aristocrat Leisure does use a significant amount of debt to increase returns.
Simply Wall St - – Full articleWhat Should We Expect From Aristocrat Leisure Limited's (ASX:ALL) Earnings In The Years Ahead?
Help shape the future of investing tools and you could win a $250 gift card! … Aristocrat Leisure Limited's (ASX:ALL) released its most recent earnings update in September 2018, whicha
Simply Wall St - – Full articleA Look At The Fair Value Of Aristocrat Leisure Limited (ASX:ALL)
This is done using the Discounted Cash Flow (DCF) model! … We generally believe that a company's value is the present value of all of the cash it will generate in the future. … If you want to learn more about discounted cash flow, the rationale behind this calculation can be read in detail in the Simply Wall St analysis model.
Simply Wall St - – Full articleShould You Take Comfort From Insider Transactions At Aristocrat Leisure Limited (ASX:ALL)?
So shareholders might well want to know whether insiders have been buying or selling shares in Aristocrat Leisure Limited (ASX:ALL). … Aristocrat Leisure Insider Transactions Over The Last Year. … While Aristocrat Leisure insiders bought shares last year, they didn't sell
Simply Wall St - – Full articleDid The Underlying Business Drive Aristocrat Leisure's (ASX:ALL) Lovely 395% Share Price Gain?
To wit, the Aristocrat Leisure Limited (ASX:ALL) share price has soared 395% over five years. … Over half a decade, Aristocrat Leisure managed to grow its earnings per share at 33% a year. … So the EPS growth rate is rather close to the annualized share price gain of 38% per year.
Simply Wall St - – Full articleWill Aristocrat Leisure Limited's (ASX:ALL) Earnings Grow In The Year Ahead?
Looking at Aristocrat Leisure Limited's (ASX:ALL) earnings update in September 2018,. … with earnings growth rate expected to be 36% in the upcoming year, relative to the past five-year average earnings growth of 34% per year … Presently, with latest-twelve-month earnings at AU$543m, we should see this growing to AU$739m by 2020.
Simply Wall St - – Full articleIs Aristocrat Leisure Limited (ASX:ALL) A Great Dividend Stock?
Historically, Aristocrat Leisure Limited (ASX:ALL) has paid dividends to shareholders, and these days it yields 1.8%. … Does Aristocrat Leisure tick all the boxes of a great dividend stock? … See our latest analysis for Aristocrat Leisure
Simply Wall St - – Full articleCould The Aristocrat Leisure Limited (ASX:ALL) Ownership Structure Tell Us Something Useful?
A look at the shareholders of Aristocrat Leisure Limited (ASX:ALL) can tell us which group is most powerful. … Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned.
Simply Wall St - – Full articleHere's What Aristocrat Leisure Limited's (ASX:ALL) ROCE Can Tell Us
Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.
Simply Wall St - – Full articleShould You Be Tempted To Sell Aristocrat Leisure Limited (ASX:ALL) Because Of Its P/E Ratio?
To keep it practical, we'll show how Aristocrat Leisure Limited's (ASX:ALL) P/E ratio could help you assess the value on offer. … Aristocrat Leisure has a P/E ratio of 28.59, based on the last twelve months. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
Aristocrat Leisure Limited, together with its subsidiaries, engages in the development, assembly, sale, distribution, and servicing of games and systems in the Americas, Australia, New Zealand, and internationally. The company offers gaming content; and platforms and systems, including electronic gaming machines, casino management systems, and digital social games, as well as Web and mobile gaming services. It also provides cabinets and gaming products. In addition, the company operates in the online social gaming and real money wager markets. Aristocrat Leisure Limited was incorporated in 1984 and is based in North Ryde, Australia.
Details
| Name: | Aristocrat Leisure Limited |
| ALL | |
| Exchange: | ASX |
| Founded: | 1984 |
| A$18,626,332,855 | |
| 638,544,150 | |
| Website: | http://www.aristocrat.com |
| Address: |
Aristocrat Leisure Limited Building A, Pinnacle Office Park, North Ryde, New South Wales, 2113, Australia |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ASX | ALL | Ordinary Shares | Australian Securities Exchange | AU | AUD | 10. Jul 1996 | |
| OTCPK | ARLU.F | Ordinary Shares | Pink Sheets LLC | US | USD | 10. Jul 1996 | |
| DB | AC8 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 10. Jul 1996 | |
| CHIA | ALL | Ordinary Shares | Chi-X Australia | AU | AUD | 10. Jul 1996 |
Number of employees
Current staff
Industry
| Casinos and Gaming | |
| Consumer Services |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/05/27 10:32 |
| End of day share price update: | 2019/05/27 00:00 |
| Last estimates confirmation: | 2019/05/27 |
| Last earnings filing: | 2019/05/22 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/09/30 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
