Tabcorp Holdings (CHIA:TAH) - Stock Price, News & Analysis

TAH Stock Overview

Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia.

TAH fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	3/6
Past Performance	0/6
Financial Health	5/6
Dividends	2/6

Rewards

Trading at 18.4% below our estimate of its fair value

Earnings are forecast to grow 82.08% per year

Trading at good value compared to peers and industry

Risk Analysis

Dividend of 2.72% is not well covered by earnings

Shareholders have been diluted in the past year

Tabcorp Holdings Limited Competitors

Star Entertainment Group

ASX:SGR

AU$1.1b

Jumbo Interactive

ASX:JIN

AU$996.5m

Lottery

ASX:TLC

AU$10.8b

PointsBet Holdings

ASX:PBH

AU$273.5m

Price History & Performance

Summary of all time highs, changes and price drops for Tabcorp Holdings
Historical stock prices
Current Share Price	AU$0.72
52 Week High	AU$1.18
52 Week Low	AU$0.61
Beta	0.76
1 Month Change	-4.64%
3 Month Change	-5.57%
1 Year Change	-32.08%
3 Year Change	-85.63%
5 Year Change	-84.55%
Change since IPO	-80.62%

Recent updates

Shareholder Returns

	TAH	AU Hospitality	AU Market
7D	1.1%	0.1%	-0.06%
1Y	-32.1%	-6.3%	4.3%

Return vs Industry: TAH underperformed the Australian Hospitality industry which returned -6.3% over the past year.

Return vs Market: TAH underperformed the Australian Market which returned 4.3% over the past year.

Price Volatility

Is TAH's price volatile compared to industry and market?
TAH volatility
TAH Average Weekly Movement	6.9%
Hospitality Industry Average Movement	5.3%
Market Average Movement	9.0%
10% most volatile stocks in AU Market	17.7%
10% least volatile stocks in AU Market	3.5%

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

Volatility Over Time: TAH's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1881	n/a	n/a	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$1.64b
Earnings (TTM)	-AU$622.00m
Revenue (TTM)	AU$2.40b

0.7x

P/S Ratio

-2.7x

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$2.40b
Cost of Revenue	AU$0
Gross Profit	AU$2.40b
Other Expenses	AU$3.02b
Earnings	-AU$622.00m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

Aug 22, 2024

Earnings per share (EPS)	-0.27
Gross Margin	100.00%
Net Profit Margin	-25.93%
Debt/Equity Ratio	21.0%

How did TAH perform over the long term?

See historical performance and comparison

Dividends

2.7%

Current Dividend Yield

-7%

Payout Ratio

TAH Stock Overview

Rewards

Risk Analysis

Tabcorp Holdings Limited Competitors

ASX:SGR

AU$1.1b

ASX:JIN

AU$996.5m

ASX:TLC

AU$10.8b

ASX:PBH

AU$273.5m

Price History & Performance

Recent News & Updates

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

Recent updates

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

New 90-day low: AU$3.32

Tabcorp Holdings Limited Announces Retirement of David Attenborough as Managing Director and CEO

Tabcorp Holdings Limited Announces Janette Kendall as Non-Executive Director

Earnings released

Tabcorp Holdings Limited to Report First Half, 2021 Results on Feb 17, 2021

Tabcorp Holdings Limited Announces Retirement of David Attenborough as Chief Executive Officer in First Half of Calendar Year 2021

Shareholder Returns

Price Volatility

About the Company