Tabcorp Holdings (DB:THL) - Stock Price, News & Analysis

THL Stock Overview

Provides gambling and entertainment services in Australia. More details

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

Rewards

Trading at 13.6% below our estimate of its fair value

Earnings are forecast to grow 112.87% per year

Trading at good value compared to peers and industry

Risk Analysis

Shareholders have been diluted in the past year

Has less than 1 year of cash runway

Volatile share price over the past 3 months compared to the German market

Tabcorp Holdings Limited Competitors

ZEAL Network

XTRA:TIMA

€937.8m

pferdewetten.de

XTRA:EMH

€28.6m

bet-at-home.com

XTRA:ACX

€17.4m

HomeToGo

XTRA:HTG

€240.5m

Price History & Performance

Summary of all time highs, changes and price drops for Tabcorp Holdings
Historical stock prices
Current Share Price	AU$0.33
52 Week High	AU$0.55
52 Week Low	AU$0.22
Beta	0.68
11 Month Change	17.73%
3 Month Change	0%
1 Year Change	-25.23%
33 Year Change	-90.00%
5 Year Change	-88.71%
Change since IPO	-94.85%

Recent updates

Shareholder Returns

	THL	DE Hospitality	DE Market
7D	16.9%	-3.4%	-0.4%
1Y	-25.2%	20.7%	7.1%

Return vs Industry: THL underperformed the German Hospitality industry which returned 17.7% over the past year.

Return vs Market: THL underperformed the German Market which returned 7.8% over the past year.

Price Volatility

Is THL's price volatile compared to industry and market?
THL volatility
THL Average Weekly Movement	9.3%
Hospitality Industry Average Movement	4.8%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.0%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: THL's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: THL's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of German stocks.

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?
THL fundamental statistics
Market cap	€779.59m
Earnings (TTM)	-€838.81m
Revenue (TTM)	€1.46b

0.5x

P/S Ratio

-0.9x

P/E Ratio

Is THL overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THL 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

n/a

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

How did THL perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

-2%

Payout Ratio

THL Stock Overview

Rewards

Risk Analysis

Tabcorp Holdings Limited Competitors

XTRA:TIMA

€937.8m

XTRA:EMH

€28.6m

XTRA:ACX

€17.4m

XTRA:HTG

€240.5m

Price History & Performance

Recent News & Updates

Now 22% undervalued after recent price drop

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

New minor risk - Share price stability

New minor risk - Shareholder dilution

Adam Rytenskild Resigns as CEO of Tabcorp

Now 21% undervalued

Recent updates

Now 22% undervalued after recent price drop

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

New minor risk - Share price stability

New minor risk - Shareholder dilution

Adam Rytenskild Resigns as CEO of Tabcorp

Now 21% 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)

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 25% undervalued after recent price drop

Now 20% 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)

MD, CEO & Executive Director recently bought €162k worth of stock

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

Independent Chairman recently bought €136k 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 €72k 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

Independent Chairman recently bought €175k worth of stock

High number of new and inexperienced directors

MD & CEO recently bought €676k worth of stock

Tabcorp Holdings Limited Announces Management Changes

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

Now 21% undervalued after recent price drop

Now 21% undervalued after recent price drop

Now 20% undervalued after recent price drop

Parties Vying for the TAB Reportedly Drafts in Investment Banks

Independent Non-Executive Director recently bought €99k worth of stock

Independent Non-Executive Director recently bought €90k 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

New 90-day high: €3.00

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: €2.70

New 90-day high: €2.56

New 90-day low: €1.96

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

Tabcorp Holdings Limited Announces Janette Kendall as Non-Executive Director

Full year 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