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The Lottery Corporation LimitedASX:TLC Stock Report

Market Cap AU$12.2b
Share Price
n/a
1Y4.0%
7D-4.9%
1D-0.9%
Portfolio Value
View

The Lottery Corporation Limited

ASX:TLC Stock Report

Market Cap: AU$12.2b

Lottery (TLC) Stock Overview

Engages in provision of gaming services in Australia. More details

TLC fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance3/6
Financial Health2/6
Dividends2/6

TLC Community Fair Values

Create Narrative

See what 25 others think this stock is worth. Follow their fair value or set your own to get alerts.

The Lottery Corporation Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Lottery
Historical stock prices
Current Share PriceAU$5.43
52 Week HighAU$6.00
52 Week LowAU$5.00
Beta0.45
1 Month Change4.02%
3 Month Change-0.18%
1 Year Change4.02%
3 Year Change7.31%
5 Year Changen/a
Change since IPO15.53%

Recent News & Updates

Narrative Update Jun 26

TLC: Licence Extension And Earnings Assumptions Will Shape A Balanced Outlook

Analysts have adjusted their valuation for Lottery, with the fair value estimate moving from A$5.63 to A$5.82 as updated assumptions on discount rate, revenue growth, profit margin, and future P/E filter through their models. What’s in the News for Lottery The Lottery Corporation held an Analyst/Investor Day, giving the market an opportunity to hear updated views and assumptions that feed into valuation work on the stock.
Narrative Update Feb 13

TLC: Leadership Transition And Earnings Assumptions Will Shape A Balanced Outlook

Analysts have nudged their price target on Lottery slightly higher to around A$5.63. This reflects updated views on fair value, discount rate, revenue growth, profit margins and future P/E after recent research updates.
Narrative Update Jan 29

TLC: Leadership Shift And Refined Assumptions Will Guide A Balanced Outlook

Analysts have slightly reduced their price target on Lottery, reflecting a modest adjustment to fair value and revenue growth assumptions, while still keeping their view consistent with recent research coverage updates on the stock. Analyst Commentary Recent research on Lottery highlights a mix of optimism and caution, with pricing updates reflecting changing views on how much investors are willing to pay for the company relative to its growth and execution track record.

Recent updates

Narrative Update Jun 26

TLC: Licence Extension And Earnings Assumptions Will Shape A Balanced Outlook

Analysts have adjusted their valuation for Lottery, with the fair value estimate moving from A$5.63 to A$5.82 as updated assumptions on discount rate, revenue growth, profit margin, and future P/E filter through their models. What’s in the News for Lottery The Lottery Corporation held an Analyst/Investor Day, giving the market an opportunity to hear updated views and assumptions that feed into valuation work on the stock.
Narrative Update Feb 13

TLC: Leadership Transition And Earnings Assumptions Will Shape A Balanced Outlook

Analysts have nudged their price target on Lottery slightly higher to around A$5.63. This reflects updated views on fair value, discount rate, revenue growth, profit margins and future P/E after recent research updates.
Narrative Update Jan 29

TLC: Leadership Shift And Refined Assumptions Will Guide A Balanced Outlook

Analysts have slightly reduced their price target on Lottery, reflecting a modest adjustment to fair value and revenue growth assumptions, while still keeping their view consistent with recent research coverage updates on the stock. Analyst Commentary Recent research on Lottery highlights a mix of optimism and caution, with pricing updates reflecting changing views on how much investors are willing to pay for the company relative to its growth and execution track record.
Narrative Update Jan 15

TLC: Leadership Transition And Refined Assumptions Will Shape A Balanced Outlook

Analysts have nudged their price target on Lottery slightly lower to around $5.65 from about $5.75, citing incremental adjustments to fair value, discount rate, revenue growth and profit margin assumptions, along with a modestly higher future P/E multiple in their models. What's in the News Lottery appointed Mr. Wayne Pickup as Chief Executive Officer and observer to the Board, with a plan for him to become a director and Managing Director once administrative steps are completed (company announcement).
Analysis Article Dec 08

The Lottery Corporation Limited's (ASX:TLC) Business Is Yet to Catch Up With Its Share Price

When close to half the companies in Australia have price-to-earnings ratios (or "P/E's") below 21x, you may consider...
Analysis Article Nov 03

Are The Lottery Corporation Limited (ASX:TLC) Investors Paying Above The Intrinsic Value?

Key Insights Using the 2 Stage Free Cash Flow to Equity, Lottery fair value estimate is AU$4.03 Current share price of...
Narrative Update Aug 27

Digital Adoption Will Modernize Lottery Customer Engagement

The consensus price target for Lottery has been modestly increased to A$5.75, as a higher future P/E multiple more than offset slightly lower revenue growth forecasts. What's in the News The Lottery Corporation Limited announced a fully franked ordinary dividend of AUD 0.085 per share for the six months ended June 30, 2025.
Analysis Article Aug 19

The Lottery Corporation Limited's (ASX:TLC) Business Is Yet to Catch Up With Its Share Price

ASX:TLC 1 Year Share Price vs Fair Value Explore Lottery's Fair Values from the Community and select yours With a...
Analysis Article Jul 30

Should You Be Adding Lottery (ASX:TLC) To Your Watchlist Today?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
Analysis Article Jul 11

Returns On Capital Are A Standout For Lottery (ASX:TLC)

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...
User avatar
New Narrative Feb 09

Acceleration Of Powerball Jackpots Will Attract More Customers

Digital expansion and customer-centric initiatives, like game innovation, are driving revenue growth by attracting younger demographics and enhancing engagement.

Shareholder Returns

TLCAU HospitalityAU Market
7D-4.9%2.3%1.0%
1Y4.0%-8.1%2.2%

Return vs Industry: TLC exceeded the Australian Hospitality industry which returned -8.1% over the past year.

Return vs Market: TLC exceeded the Australian Market which returned 2.2% over the past year.

Price Volatility

Is TLC's price volatile compared to industry and market?
TLC volatility
TLC Average Weekly Movement3.2%
Hospitality Industry Average Movement7.4%
Market Average Movement9.7%
10% most volatile stocks in AU Market17.1%
10% least volatile stocks in AU Market4.0%

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

Volatility Over Time: TLC's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1881900Wayne Pickupwww.thelotterycorporation.com

The Lottery Corporation Limited engages in provision of gaming services in Australia. It operates lottery and Keno games under The Lott and Keno brand names. The company was founded in 1881 and is based in Brisbane, Australia.

The Lottery Corporation Limited Fundamentals Summary

How do Lottery's earnings and revenue compare to its market cap?
TLC fundamental statistics
Market capAU$12.19b
Earnings (TTM)AU$363.10m
Revenue (TTM)AU$3.79b
33.3x
P/E Ratio
3.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TLC income statement (TTM)
RevenueAU$3.79b
Cost of RevenueAU$161.10m
Gross ProfitAU$3.63b
Other ExpensesAU$3.26b
EarningsAU$363.10m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Aug 19, 2026

Earnings per share (EPS)0.16
Gross Margin95.75%
Net Profit Margin9.58%
Debt/Equity Ratio722.6%

How did TLC perform over the long term?

See historical performance and comparison

Dividends

3.1%
Current Dividend Yield
101%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 15:05
End of Day Share Price 2026/07/06 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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

The Lottery Corporation Limited is covered by 23 analysts. 15 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
Nicholas McGarrigleBarrenjoey Markets Pty Limited
Sriharsh SinghBofA Global Research