Aristocrat Leisure Limited

ASX:ALL Stock Report

Market Cap: AU$43.4b

Aristocrat Leisure Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

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$67.57) is trading below our estimate of fair value (A$74.22)

Significantly Below Fair Value: ALL is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As ALL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ALL. This is calculated by dividing ALL's market cap by their current earnings.
What is ALL's PE Ratio?
PE Ratio32.6x
EarningsAU$1.30b
Market CapAU$43.38b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average30.7x
TLC Lottery
27.3x4.6%AU$11.3b
JIN Jumbo Interactive
19.6x7.4%AU$844.0m
AGI Ainsworth Game Technology
45.6x11.4%AU$252.6m
DMP Domino's Pizza Enterprises
30.4x19.5%AU$2.9b
ALL Aristocrat Leisure
32.6x9.4%AU$43.4b

Price-To-Earnings vs Peers: ALL is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the peer average (30.7x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ALL 32.6xIndustry Avg. 24.4xNo. of Companies4PE01224364860+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ALL is expensive based on its Price-To-Earnings Ratio (32.6x) compared to the Oceanic Hospitality industry average (24.4x).

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 Ratio32.6x
Fair PE Ratio36.2x

Price-To-Earnings vs Fair Ratio: ALL is good value based on its Price-To-Earnings Ratio (32.6x) compared to the estimated Fair Price-To-Earnings Ratio (36.2x).

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$67.57
AU$69.91
+3.5%
9.5%AU$77.00AU$50.00n/a14
Nov ’25AU$61.50
AU$59.09
-3.9%
9.2%AU$68.00AU$48.00n/a14
Oct ’25AU$58.08
AU$55.03
-5.2%
10.2%AU$63.50AU$41.15n/a14
Sep ’25AU$54.71
AU$53.36
-2.5%
8.2%AU$59.00AU$41.15n/a14
Aug ’25AU$54.32
AU$52.73
-2.9%
8.6%AU$59.00AU$41.15n/a14
Jul ’25AU$50.04
AU$51.61
+3.1%
8.1%AU$56.10AU$41.15n/a13
Jun ’25AU$44.93
AU$50.06
+11.4%
7.3%AU$56.10AU$41.15n/a12
May ’25AU$39.34
AU$47.49
+20.7%
9.1%AU$54.49AU$36.56n/a12
Apr ’25AU$43.00
AU$47.55
+10.6%
9.7%AU$54.49AU$35.85n/a12
Mar ’25AU$46.75
AU$46.48
-0.6%
9.2%AU$54.49AU$35.85n/a12
Feb ’25AU$43.95
AU$46.05
+4.8%
9.2%AU$54.49AU$35.85n/a12
Jan ’25AU$40.82
AU$45.88
+12.4%
8.5%AU$52.50AU$35.85n/a12
Dec ’24AU$39.98
AU$46.35
+15.9%
7.7%AU$54.46AU$39.48n/a12
Nov ’24AU$39.04
AU$45.08
+15.5%
6.7%AU$50.18AU$39.48AU$61.5012
Oct ’24AU$40.85
AU$44.70
+9.4%
7.2%AU$50.18AU$39.48AU$58.0812
Sep ’24AU$41.09
AU$44.30
+7.8%
6.4%AU$50.18AU$39.48AU$54.7112
Aug ’24AU$39.75
AU$44.01
+10.7%
6.6%AU$50.18AU$39.48AU$54.3213
Jul ’24AU$38.66
AU$43.67
+13.0%
6.3%AU$50.18AU$39.48AU$50.0413
Jun ’24AU$37.63
AU$43.89
+16.6%
6.3%AU$50.18AU$39.48AU$44.9314
May ’24AU$38.10
AU$42.54
+11.6%
10.2%AU$54.20AU$35.25AU$39.3414
Apr ’24AU$37.20
AU$42.33
+13.8%
10.1%AU$54.20AU$35.25AU$43.0014
Mar ’24AU$36.74
AU$41.06
+11.7%
6.5%AU$45.00AU$35.25AU$46.7514
Feb ’24AU$34.29
AU$41.09
+19.8%
6.4%AU$45.00AU$35.25AU$43.9514
Jan ’24AU$30.52
AU$41.02
+34.4%
6.6%AU$45.00AU$35.25AU$40.8213
Dec ’23AU$36.03
AU$40.91
+13.5%
6.4%AU$45.00AU$35.25AU$39.9815
Nov ’23AU$37.72
AU$41.46
+9.9%
8.3%AU$46.00AU$34.35AU$39.0415

Analyst Forecast: Target price is less than 20% higher than the current share price.

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