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Aristocrat Leisure LimitedASX:ALL Stock Report

Market Cap AU$30.2b
Share Price
AU$50.10
AU$63.04
20.5% undervalued intrinsic discount
1Y-19.7%
7D-0.6%
1D
Portfolio Value
View

Aristocrat Leisure Limited

ASX:ALL Stock Report

Market Cap: AU$30.2b

Aristocrat Leisure (ALL) Stock Overview

Operates as a gaming content and technology company in Australia and internationally. More details

ALL fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance5/6
Financial Health6/6
Dividends3/6

ALL Community Fair Values

Create Narrative

See what 78 others think this stock is worth. Follow their fair value or set your own to get alerts.

Aristocrat Leisure Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Aristocrat Leisure
Historical stock prices
Current Share PriceAU$50.10
52 Week HighAU$73.29
52 Week LowAU$44.18
Beta0.38
1 Month Change5.96%
3 Month Change4.20%
1 Year Change-19.71%
3 Year Change32.26%
5 Year Change22.34%
Change since IPO5,794.12%

Recent News & Updates

Narrative Update May 15

ALL: Lower P E Framework And Dividend Payout Will Support Future Returns

Analysts have adjusted their price target on Aristocrat Leisure to A$63.04 from A$63.97, reflecting updated assumptions around slightly higher revenue, improved profit margins and a lower future P/E multiple. Analyst Commentary Recent research on Aristocrat Leisure points to a generally constructive tone, with price targets and assumptions being refined rather than overhauled.
Narrative Update Apr 26

ALL: Refined P/E Framework And Execution Execution Will Support Future Earnings Resilience

Aristocrat Leisure's analyst price target has been revised slightly lower to A$63.97 from A$66.40 as analysts incorporate more conservative assumptions for revenue growth and profit margins, as well as a minor adjustment to the discount rate and future P/E expectations. Analyst Commentary Recent research on Aristocrat Leisure focuses on how the revised A$63.97 price target aligns with execution risks and growth expectations, especially after the stock was removed as a top sector pick by Morgan Stanley.

Recent updates

Narrative Update May 15

ALL: Lower P E Framework And Dividend Payout Will Support Future Returns

Analysts have adjusted their price target on Aristocrat Leisure to A$63.04 from A$63.97, reflecting updated assumptions around slightly higher revenue, improved profit margins and a lower future P/E multiple. Analyst Commentary Recent research on Aristocrat Leisure points to a generally constructive tone, with price targets and assumptions being refined rather than overhauled.
Narrative Update Apr 26

ALL: Refined P/E Framework And Execution Execution Will Support Future Earnings Resilience

Aristocrat Leisure's analyst price target has been revised slightly lower to A$63.97 from A$66.40 as analysts incorporate more conservative assumptions for revenue growth and profit margins, as well as a minor adjustment to the discount rate and future P/E expectations. Analyst Commentary Recent research on Aristocrat Leisure focuses on how the revised A$63.97 price target aligns with execution risks and growth expectations, especially after the stock was removed as a top sector pick by Morgan Stanley.
Narrative Update Apr 11

ALL: Refined P/E Framework And Execution Discipline Will Support Future Earnings Resilience

Analysts have adjusted their price target on Aristocrat Leisure by refining assumptions, such as a slightly higher discount rate and updated future P/E expectations. This has resulted in a new target of A$66.40.
Narrative Update Mar 27

ALL: Expanded Buyback And Steady Margins Will Support Future Earnings Resilience

Narrative Update on Aristocrat Leisure Analysts have trimmed the price target on Aristocrat Leisure to A$66.40 from A$67.07, reflecting slightly lower fair value and future P/E assumptions, while revenue growth and profit margin forecasts remain broadly unchanged. Analyst Commentary Recent research points to a more measured stance on Aristocrat Leisure, with the trimmed price target reflecting modest adjustments rather than a wholesale change in thesis.
Narrative Update Mar 13

ALL: Expanded Buyback And Stable Assumptions Will Support Future Earnings Resilience

Analysts have made only marginal adjustments to their assumptions for Aristocrat Leisure, keeping the fair value estimate steady at A$67.07. They are fine tuning inputs such as the discount rate, revenue growth, profit margin and future P/E, supported by recent sector commentary that highlights more measured expectations for growth and returns.
Narrative Update Feb 27

ALL: Expanded Buyback Will Support Future Earnings Resilience

Analysts have trimmed their fair value estimate for Aristocrat Leisure to about A$67.07 from around A$70.11, reflecting slightly softer assumptions for revenue growth and profit margins while keeping the forward P/E broadly steady. Analyst Commentary Recent Street research on Aristocrat Leisure has focused on how much upside is left after a strong run in sector peers and what a lower fair value implies for risk and reward from here.
Narrative Update Feb 11

ALL: Expanded Buyback And Margin Strength Will Support Future Upside

Analysts have trimmed their price target on Aristocrat Leisure to about A$70 from around A$73, citing a slightly higher discount rate, more measured revenue growth assumptions, and a modestly lower future P/E multiple, partly balanced by a small uplift in projected profit margins. Analyst Commentary Recent research on Aristocrat Leisure points to a more balanced stance, with some analysts reassessing how much they are willing to pay for the company while still acknowledging its profitability profile.
Narrative Update Jan 19

ALL: Strong Capital Returns And Margin Resilience Will Support Future Upside

Analysts have nudged their price target for Aristocrat Leisure slightly higher to A$72.95 from A$72.81, citing small adjustments to discount rate, revenue growth, profit margin, and future P/E assumptions that collectively support a modestly higher fair value estimate. Analyst Commentary Recent research around insurers offers some useful context for how analysts might be looking at Aristocrat Leisure, particularly on valuation discipline, growth expectations, and margin resilience.
Narrative Update Jan 05

ALL: Calmer Operating Backdrop And Rising Dividend Will Support Stronger Returns

Analysts have modestly raised their price target on Aristocrat Leisure to $72.81, citing an updated risk outlook and relatively calm operating conditions that, similar to recent insurance sector commentary, have not materially disrupted earnings expectations. Analyst Commentary Recent commentary from bullish analysts indicates that the modest price target uplift for Aristocrat Leisure is supported by a more stable macro backdrop, particularly when compared with sectors that are highly sensitive to catastrophic events and sudden claims volatility.
Analysis Article Jan 01

Earnings Tell The Story For Aristocrat Leisure Limited (ASX:ALL)

With a price-to-earnings (or "P/E") ratio of 30.2x Aristocrat Leisure Limited ( ASX:ALL ) may be sending bearish...
Narrative Update Dec 15

ALL: Rising Dividend And Stable Margins Will Support Stronger Returns

Analysts have modestly raised their price target on Aristocrat Leisure, reflecting slightly higher assumed discount rates and a marginal uptick in long-term valuation multiples, as macro uncertainties appear less disruptive to earnings than previously feared. Analyst Commentary Analyst perspectives on Aristocrat Leisure highlight a balanced mix of optimism around earnings resilience and caution regarding valuation and macro risk, with recent target moves reflecting these cross-currents.
Analysis Article Dec 04

Are Investors Undervaluing Aristocrat Leisure Limited (ASX:ALL) By 24%?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Aristocrat Leisure fair value estimate is AU$76.81 Aristocrat...
Narrative Update Nov 30

ALL: Sustained Earnings And Dividend Growth Will Drive Returns Over The Next Year

Aristocrat Leisure's analyst price target saw a slight downward revision from $73.12 to $72.81, as analysts factor in modestly higher revenue projections but a marginal decline in profit margin expectations. Analyst Commentary Analyst sentiment around Aristocrat Leisure remains mixed as they weigh recent adjustments in financial forecasts and industry trends.
Analysis Article Nov 16

Aristocrat Leisure's (ASX:ALL) Shareholders Will Receive A Bigger Dividend Than Last Year

Aristocrat Leisure Limited ( ASX:ALL ) has announced that it will be increasing its dividend from last year's...
Narrative Update Nov 16

ALL: Sustained ROE Strength Will Drive Share Price Higher In Future

The analyst price target for Aristocrat Leisure has been adjusted downward from $74.52 to $73.12. This change reflects revised assumptions around future revenue growth and profit margin improvements, as highlighted by analysts reviewing the company’s updated financial outlook.
Narrative Update Nov 01

ALL: Future Margin Improvements And Lower Capital Costs Will Drive Further Upside Potential

Analysts have raised their price target for Aristocrat Leisure from $73.61 to $74.52, citing slightly higher projected revenue growth, improved profit margins, and a small decrease in discount rate as the key drivers behind the updated valuation. Analyst Commentary Following the updated price target for Aristocrat Leisure, analysts have provided additional insight into the key factors shaping their outlook for the company.
Narrative Update Oct 18

Integration With NeoGames And New Gaming Content Will Expand Market Reach In iLottery And iGaming

Analysts have raised their price target for Aristocrat Leisure to $73.61 from $73.12. They cite incremental improvements in forecast revenue growth, profit margin, and a slightly lower discount rate, which supports a higher fair value estimate.
Narrative Update Oct 04

Integration With NeoGames And New Gaming Content Will Expand Market Reach In iLottery And iGaming

Analysts have raised their price target for Aristocrat Leisure from $71.52 to $73.12, citing improved profit margins and a slightly lower discount rate. These factors offset more conservative revenue growth projections.
Analysis Article Sep 29

Under The Bonnet, Aristocrat Leisure's (ASX:ALL) Returns Look Impressive

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Aug 31

Estimating The Fair Value Of Aristocrat Leisure Limited (ASX:ALL)

Key Insights Using the 2 Stage Free Cash Flow to Equity, Aristocrat Leisure fair value estimate is AU$70.64 With...
Analysis Article Aug 17

Is Aristocrat Leisure (ASX:ALL) A Risky Investment?

ASX:ALL 1 Year Share Price vs Fair Value Explore Aristocrat Leisure's Fair Values from the Community and select yours...
Analysis Article Jul 20

Getting In Cheap On Aristocrat Leisure Limited (ASX:ALL) Might Be Difficult

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 18x, you may consider...
Analysis Article Jun 22

Aristocrat Leisure (ASX:ALL) Knows How To Allocate Capital Effectively

What trends should we look for it we want to identify stocks that can multiply in value over the long term? One common...
User avatar
New Narrative Feb 09

Integration With NeoGames And New Gaming Content Will Expand Market Reach In iLottery And iGaming

Strategic divestitures and integration of new business units could enhance market reach and focus on core strengths, potentially increasing growth and profits.

Shareholder Returns

ALLAU HospitalityAU Market
7D-0.6%1.8%1.0%
1Y-19.7%-15.1%3.1%

Return vs Industry: ALL underperformed the Australian Hospitality industry which returned -15.1% over the past year.

Return vs Market: ALL underperformed the Australian Market which returned 3.1% over the past year.

Price Volatility

Is ALL's price volatile compared to industry and market?
ALL volatility
ALL Average Weekly Movement5.2%
Hospitality Industry Average Movement6.9%
Market Average Movement10.3%
10% most volatile stocks in AU Market17.4%
10% least volatile stocks in AU Market4.2%

Stable Share Price: ALL has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: ALL's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19507,300Trevor Crokerwww.aristocrat.com

Aristocrat Leisure Limited, together with its subsidiaries, operates as a gaming content and technology company in Australia and internationally. It operates through three segments: Aristocrat Gaming, Product Madness, and Aristocrat Interactive. The company designs, develops, assembles, distributes, sells, and services gaming content, platforms, and systems, including electronic gaming machines, casino management systems, and iLottery and free-to-play mobile games.

Aristocrat Leisure Limited Fundamentals Summary

How do Aristocrat Leisure's earnings and revenue compare to its market cap?
ALL fundamental statistics
Market capAU$30.21b
Earnings (TTM)AU$1.47b
Revenue (TTM)AU$6.29b
20.5x
P/E Ratio
4.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ALL income statement (TTM)
RevenueAU$6.29b
Cost of RevenueAU$2.48b
Gross ProfitAU$3.81b
Other ExpensesAU$2.34b
EarningsAU$1.47b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Nov 12, 2026

Earnings per share (EPS)2.44
Gross Margin60.61%
Net Profit Margin23.39%
Debt/Equity Ratio25.8%

How did ALL perform over the long term?

See historical performance and comparison

Dividends

2.0%
Current Dividend Yield
42%
Payout Ratio

Does ALL pay a reliable dividends?

See ALL dividend history and benchmarks
When do you need to buy ALL by to receive an upcoming dividend?
Aristocrat Leisure dividend dates
Ex Dividend DateMay 25 2026
Dividend Pay DateJul 01 2026
Days until Ex dividend6 days
Days until Dividend pay date31 days

Does ALL pay a reliable dividends?

See ALL dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/30 19:35
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Aristocrat Leisure Limited is covered by 29 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew RyanBarrenjoey Markets Pty Limited
Baxter KirkBell Potter
Sriharsh SinghBofA Global Research