TAH Stock Overview
Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia.
Tabcorp Holdings Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.94|
|52 Week High||AU$5.53|
|52 Week Low||AU$0.90|
|1 Month Change||-6.90%|
|3 Month Change||-81.76%|
|1 Year Change||-80.99%|
|3 Year Change||-78.67%|
|5 Year Change||-77.87%|
|Change since IPO||-60.13%|
Recent News & Updates
|TAH||AU Hospitality||AU Market|
Return vs Industry: TAH underperformed the Australian Hospitality industry which returned -26.8% over the past year.
Return vs Market: TAH underperformed the Australian Market which returned -8.5% over the past year.
|TAH Average Weekly Movement||23.0%|
|Hospitality Industry Average Movement||7.9%|
|Market Average Movement||10.6%|
|10% most volatile stocks in AU Market||18.0%|
|10% least volatile stocks in AU Market||4.6%|
Stable Share Price: TAH is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 23% a week.
Volatility Over Time: TAH's weekly volatility has increased from 12% to 23% over the past year.
About the Company
Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. The company’s Lotteries and Keno segment is involved in the lottery operations. It has various game brands, including Set for Life, Powerball, Oz Lotto, TattsLotto, Saturday Lotto, Gold Lotto, X Lotto, Monday and Wednesday Lotto, Lucky Lotteries, Lotto Strike, Super 66, Keno, and Instant Scratch-Its.
Tabcorp Holdings Fundamentals Summary
|TAH fundamental statistics|
Is TAH overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|TAH income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
Aug 24, 2022
|Earnings per share (EPS)||0.12|
|Net Profit Margin||4.50%|
How did TAH perform over the long term?See historical performance and comparison
13.8%Current Dividend Yield
Is TAH undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for TAH?
Other financial metrics that can be useful for relative valuation.
|What is TAH's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does TAH's PE Ratio compare to its peers?
|TAH PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
JIN Jumbo Interactive
ALL Aristocrat Leisure
AGI Ainsworth Game Technology
TAH Tabcorp Holdings
Price-To-Earnings vs Peers: TAH is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (37.8x).
Price to Earnings Ratio vs Industry
How does TAH's PE Ratio compare vs other companies in the Global Hospitality Industry?
Price-To-Earnings vs Industry: TAH is good value based on its Price-To-Earnings Ratio (8.1x) compared to the Global Hospitality industry average (22.1x)
Price to Earnings Ratio vs Fair Ratio
What is TAH'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.
|Current PE Ratio||8.1x|
|Fair PE Ratio||23.4x|
Price-To-Earnings vs Fair Ratio: TAH is good value based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.4x).
Share Price vs Fair Value
What is the Fair Price of TAH when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: TAH (A$0.95) is trading above our estimate of fair value (A$0.91)
Significantly Below Fair Value: TAH 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?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Tabcorp Holdings forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TAH's forecast earnings growth (0.8% per year) is below the savings rate (1.8%).
Earnings vs Market: TAH's earnings (0.8% per year) are forecast to grow slower than the Australian market (6.1% per year).
High Growth Earnings: TAH's earnings are forecast to grow, but not significantly.
Revenue vs Market: TAH's revenue is expected to decline over the next 3 years (-0.6% per year).
High Growth Revenue: TAH's revenue is forecast to decline over the next 3 years (-0.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TAH's Return on Equity is forecast to be low in 3 years time (4%).
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How has Tabcorp Holdings performed over the past 5 years?
Past Performance Score1/6
Past Performance Score 1/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TAH has a large one-off loss of A$110.0M impacting its December 31 2021 financial results.
Growing Profit Margin: TAH became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: TAH's earnings have declined by 20.3% per year over the past 5 years.
Accelerating Growth: TAH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: TAH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (47.1%).
Return on Equity
High ROE: TAH's Return on Equity (3.8%) is considered low.
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How is Tabcorp Holdings's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: TAH's short term assets (A$1.2B) do not cover its short term liabilities (A$2.3B).
Long Term Liabilities: TAH's short term assets (A$1.2B) do not cover its long term liabilities (A$3.1B).
Debt to Equity History and Analysis
Debt Level: TAH's net debt to equity ratio (27.4%) is considered satisfactory.
Reducing Debt: TAH's debt to equity ratio has reduced from 96.2% to 38.1% over the past 5 years.
Debt Coverage: TAH's debt is well covered by operating cash flow (22.2%).
Interest Coverage: TAH's interest payments on its debt are well covered by EBIT (4.7x coverage).
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What is Tabcorp Holdings's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TAH's dividend (13.76%) is higher than the bottom 25% of dividend payers in the Australian market (2.56%).
High Dividend: TAH's dividend (13.76%) is in the top 25% of dividend payers in the Australian market (6.28%)
Stability and Growth of Payments
Stable Dividend: TAH's dividend payments have been volatile in the past 10 years.
Growing Dividend: TAH's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (115.5%), TAH's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (71.4%), TAH's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Adam Rytenskild serves as Managing Director and Chief Executive Officer at Tabcorp Holdings Limited since June 01, 2022. He served as the Managing Director of Wagering and Media at Tabcorp Holdings Ltd...
CEO Compensation Analysis
Compensation vs Market: Adam's total compensation ($USD1.22M) is about average for companies of similar size in the Australian market ($USD1.54M).
Compensation vs Earnings: Adam's compensation has been consistent with company performance over the past year.
Experienced Management: TAH's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Experienced Board: TAH's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: TAH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Tabcorp Holdings Limited's employee growth, exchange listings and data sources
- Name: Tabcorp Holdings Limited
- Ticker: TAH
- Exchange: ASX
- Founded: 1881
- Industry: Casinos and Gaming
- Sector: Consumer Services
- Implied Market Cap: AU$2.101b
- Shares outstanding: 2.22b
- Website: https://www.tabcorp.com.au
Number of Employees
- Tabcorp Holdings Limited
- Tower 2
- Level 19
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/13 00:00|
|End of Day Share Price||2022/08/12 00:00|
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.