We’ve recently updated our valuation analysis.

Aristocrat Leisure Valuation

Is ALL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ALL?

Other financial metrics that can be useful for relative valuation.

ALL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4x
Enterprise Value/EBITDA13x
PEG Ratio2.6x

Price to Earnings Ratio vs Peers

How does ALL's PE Ratio compare to its peers?

The above table shows the PE ratio for ALL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average31.5x
TLC Lottery
30.2x7.9%AU$10.5b
JIN Jumbo Interactive
28.2x13.2%AU$878.1m
AGI Ainsworth Game Technology
32x13.6%AU$375.5m
DMP Domino's Pizza Enterprises
35.8x15.6%AU$5.7b
ALL Aristocrat Leisure
23.6x8.9%AU$22.4b

Price-To-Earnings vs Peers: ALL is good value based on its Price-To-Earnings Ratio (23.6x) compared to the peer average (31.5x).


Price to Earnings Ratio vs Industry

How does ALL's PE Ratio compare vs other companies in the Global Hospitality Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a24.1%
n/an/an/a

Price-To-Earnings vs Industry: ALL is expensive based on its Price-To-Earnings Ratio (23.6x) compared to the Global Hospitality industry average (21.3x)


Price to Earnings Ratio vs Fair Ratio

What is ALL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ALL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.6x
Fair PE Ratio40.5x

Price-To-Earnings vs Fair Ratio: ALL is good value based on its Price-To-Earnings Ratio (23.6x) compared to the estimated Fair Price-To-Earnings Ratio (40.5x).


Share Price vs Fair Value

What is the Fair Price of ALL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ALL (A$33.94) is trading above our estimate of fair value (A$28.54)

Significantly Below Fair Value: ALL is trading above our estimate of fair value.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ALL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$33.94
AU$40.91
+20.5%
6.4%AU$45.00AU$35.25n/a15
Dec ’23AU$36.03
AU$40.91
+13.5%
6.4%AU$45.00AU$35.25n/a15
Nov ’23AU$37.72
AU$41.46
+9.9%
8.3%AU$46.00AU$34.35n/a15
Oct ’23AU$32.92
AU$41.71
+26.7%
7.6%AU$46.00AU$34.35n/a15
Sep ’23AU$34.68
AU$41.63
+20.0%
7.4%AU$46.00AU$34.40n/a15
Aug ’23AU$35.21
AU$41.74
+18.5%
7.1%AU$46.00AU$34.40n/a15
Jul ’23AU$34.45
AU$41.75
+21.2%
7.1%AU$46.00AU$34.40n/a15
Jun ’23AU$33.90
AU$41.75
+23.1%
7.1%AU$46.00AU$34.40n/a15
May ’23AU$33.66
AU$43.80
+30.1%
10.0%AU$50.30AU$34.72n/a14
Apr ’23AU$36.19
AU$45.91
+26.9%
11.2%AU$57.00AU$39.50n/a11
Mar ’23AU$37.57
AU$47.19
+25.6%
9.9%AU$57.00AU$39.50n/a10
Feb ’23AU$40.91
AU$49.14
+20.1%
13.0%AU$59.00AU$36.00n/a10
Jan ’23AU$43.57
AU$49.53
+13.7%
13.1%AU$57.00AU$36.00n/a9
Dec ’22AU$43.70
AU$48.64
+11.3%
14.4%AU$57.00AU$36.00AU$36.0311
Nov ’22AU$47.45
AU$48.83
+2.9%
14.7%AU$59.00AU$36.00AU$37.7211
Oct ’22AU$44.96
AU$45.26
+0.7%
14.6%AU$57.50AU$33.00AU$32.9213
Sep ’22AU$45.67
AU$41.59
-8.9%
9.4%AU$46.40AU$33.00AU$34.6811
Aug ’22AU$41.64
AU$41.57
-0.2%
9.3%AU$46.15AU$33.00AU$35.2111
Jul ’22AU$42.09
AU$41.26
-2.0%
9.7%AU$46.60AU$33.00AU$34.4512
Jun ’22AU$40.95
AU$40.98
+0.08%
9.7%AU$46.60AU$33.00AU$33.9013
May ’22AU$37.17
AU$36.41
-2.1%
7.8%AU$40.60AU$32.00AU$33.6613
Apr ’22AU$34.75
AU$36.04
+3.7%
7.7%AU$40.60AU$32.00AU$36.1913
Mar ’22AU$30.72
AU$35.58
+15.8%
7.7%AU$40.60AU$32.00AU$37.5712
Feb ’22AU$31.68
AU$35.58
+12.3%
7.7%AU$40.60AU$32.00AU$40.9112
Jan ’22AU$31.00
AU$36.44
+17.6%
8.1%AU$40.60AU$32.00AU$43.5712
Dec ’21AU$32.52
AU$36.67
+12.8%
7.5%AU$40.60AU$32.00AU$43.7013

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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