TAH Stock Overview

Provides gambling and entertainment services in Australia. More details

TAH fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	3/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Rewards

Earnings are forecast to grow 113.63% per year

Trading at good value compared to peers and industry

Risk Analysis

Has less than 1 year of cash runway

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Tabcorp Holdings Limited Competitors

Jumbo Interactive

ASX:JIN

AU$836.0m

Star Entertainment Group

ASX:SGR

AU$344.0m

Ainsworth Game Technology

ASX:AGI

AU$291.3m

PointsBet Holdings

ASX:PBH

AU$293.6m

Price History & Performance

Summary of share price highs, lows and changes for Tabcorp Holdings
Historical stock prices
Current Share Price	AU$0.66
52 Week High	AU$0.81
52 Week Low	AU$0.37
Beta	0.73
1 Month Change	4.80%
3 Month Change	30.35%
1 Year Change	-11.78%
3 Year Change	-87.54%
5 Year Change	-84.33%
Change since IPO	-82.37%

Recent updates

Shareholder Returns

	TAH	AU Hospitality	AU Market
7D	1.6%	2.5%	0.5%
1Y	-11.8%	24.7%	9.9%

Return vs Industry: TAH underperformed the Australian Hospitality industry which returned 24.7% over the past year.

Return vs Market: TAH underperformed the Australian Market which returned 9.9% over the past year.

Price Volatility

Is TAH's price volatile compared to industry and market?
TAH volatility
TAH Average Weekly Movement	5.7%
Hospitality Industry Average Movement	5.7%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.3%
10% least volatile stocks in AU Market	3.0%

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

Volatility Over Time: TAH's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1881	n/a	Gillon Mclachlan	www.tabcorp.com.au

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. It operates through Wagering and Media, and Gaming Services segments. The Wagering and Media segment offers through a network of TAB agencies, hotels and clubs, and on-course operations, as well as through retail, Internet, mobile devices, and phone.

Tabcorp Holdings Limited Fundamentals Summary

How do Tabcorp Holdings's earnings and revenue compare to its market cap?
TAH fundamental statistics
Market cap	AU$1.49b
Earnings (TTM)	-AU$1.36b
Revenue (TTM)	AU$2.36b

0.6x

P/S Ratio

-1.1x

P/E Ratio

Is TAH overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TAH income statement (TTM)
Revenue	AU$2.36b
Cost of Revenue	AU$0
Gross Profit	AU$2.36b
Other Expenses	AU$3.72b
Earnings	-AU$1.36b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 19, 2025

Earnings per share (EPS)	-0.60
Gross Margin	100.00%
Net Profit Margin	-57.63%
Debt/Equity Ratio	82.8%

How did TAH perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

-2%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/15 00:43
End of Day Share Price	2025/02/14 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Tabcorp Holdings Limited is covered by 32 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Swapan Pandya	APP Securities Pty Ltd.
Matthew Ryan	Barrenjoey Markets Pty Limited
Melinda Baxter	BofA Global Research

TAH Stock Overview

Rewards

Risk Analysis

Tabcorp Holdings Limited Competitors

ASX:JIN

AU$836.0m

ASX:SGR

AU$344.0m

ASX:AGI

AU$291.3m

ASX:PBH

AU$293.6m

Price History & Performance

Recent News & Updates

Tabcorp Holdings Limited to Report First Half, 2025 Results on Feb 20, 2025

Tabcorp Holdings Limited Appoints Michael Fitzsimons as Chief Wagering Officer, Expects to Commence in the First Half of 2025

Tabcorp Holdings Limited Announces Executive Changes

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Independent Non-Executive Director recently bought AU$85k worth of stock

Recent updates

Tabcorp Holdings Limited to Report First Half, 2025 Results on Feb 20, 2025

Tabcorp Holdings Limited Appoints Michael Fitzsimons as Chief Wagering Officer, Expects to Commence in the First Half of 2025

Tabcorp Holdings Limited Announces Executive Changes

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Independent Non-Executive Director recently bought AU$85k worth of stock

Now 20% undervalued after recent price drop

Full year 2024 earnings released: AU$0.60 loss per share (vs AU$0.029 profit in FY 2023)

Now 21% undervalued after recent price drop

Now 20% undervalued

Now 20% undervalued after recent price drop

New minor risk - Shareholder dilution

Adam Rytenskild Resigns as CEO of Tabcorp

MD, CEO & Executive Director recently bought AU$136k worth of stock

Now 20% undervalued

First half dividend of AU$0.01 announced

First half 2024 earnings released: AU$0.28 loss per share (vs AU$0.023 profit in 1H 2023)

MD, CEO & Executive Director recently bought AU$215k worth of stock

Tabcorp Holdings Limited Announces the Appointment of Mark Howell as Chief Financial Officer

Tabcorp Holdings Limited Announces the Appointment of Mark Howell as Chief Financial Officer

Tabcorp Holdings Limited to Report First Half, 2024 Results on Feb 22, 2024

Now 22% undervalued after recent price drop

Tabcorp Holdings Limited Announces Chief Financial Officer Changes

Full year 2023 earnings released: EPS: AU$0.029 (vs AU$0.053 loss in FY 2022)

Now 21% undervalued after recent price drop

MD, CEO & Executive Director recently bought AU$253k worth of stock

First half 2023 earnings released: EPS: AU$0.023 (vs AU$0.079 in 1H 2022)

Independent Chairman recently bought AU$215k worth of stock

Independent Non-Executive Director recently bought AU$74k worth of stock

Tabcorp Holdings Limited announced that it expects to receive $289 million in funding

High number of new and inexperienced directors

Tabcorp Holdings Reportedly in Discussions to Buy A Stake in Dabble

Venue Digital Technology Pty Ltd entered into an agreement to acquire Ebet Gaming Systems Pty Limited from Tabcorp Holdings Limited (ASX:TAH) for AUD 62 million.

MD, CEO & Executive Director recently bought AU$106k worth of stock

High number of new and inexperienced directors

Full year 2022 earnings released: AU$0.073 loss per share (vs AU$0.42 loss in FY 2021)

Tabcorp Holdings Limited to Report Fiscal Year 2023 Results on Aug 17, 2023

Tabcorp Holdings Limited Announces Appointment of Directors

High number of new and inexperienced directors

High number of new and inexperienced directors

MD & CEO recently bought AU$1.0m worth of stock

Tabcorp Holdings Limited Announces Management Changes

Investor sentiment deteriorated over the past week

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Tabcorp Holdings Limited Announces an Interim Dividend for the First Half Year Ended 31 December 2021, Payable on 17 March 2022

Parties Vying for the TAB Reportedly Drafts in Investment Banks

Independent Non-Executive Director recently bought AU$154k worth of stock

Independent Non-Executive Director recently bought AU$145k worth of stock

Full year 2021 earnings released: EPS AU$0.12 (vs AU$0.43 loss in FY 2020)

West Australian TAB Reportedly Returns to the Course

Tabcorp Holds Talks with Entain and Apollo as Odds of A Sale Shorten

Entain Reportedly Could Come Back with Higher Offer for Tabcorp

Betmakers Reportedly Ready to Roll the Dice in Tabcorp Takeover

Apollo Reportedly Joins Tabcorp Race with $4 Billion Bid

Fox Reportedly Circles Tabcorp for Takeover Bid

First half 2021 earnings released: EPS AU$0.086 (vs AU$0.098 in 1H 2020)

Revenue beats expectations

Entain PLC (LSE:ENT) made a non-binding indicative offer to acquire Wagering and Media Business of Tabcorp Holdings Limited (ASX:TAH).

New 90-day high: AU$4.18