Tabcorp Holdings Future Growth

Future criteria checks 3/6

Tabcorp Holdings is forecast to grow earnings and revenue by 113.1% and 3.9% per annum respectively. EPS is expected to grow by 116.3% per annum. Return on equity is forecast to be 5.6% in 3 years.

Key information

113.1%

Earnings growth rate

116.3%

EPS growth rate

Hospitality earnings growth	81.4%
Revenue growth rate	3.9%
Future return on equity	5.6%
Analyst coverage	Good
Last updated	21 Nov 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

DB:THL - Analysts future estimates and past financials data (AUD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2027	2,696	74	140	293	10
6/30/2026	2,647	63	158	285	11
6/30/2025	2,583	38	206	289	11
6/30/2024	2,360	-1,360	-515	245	N/A
12/31/2023	2,399	-622	212	366	N/A
9/30/2023	2,434	-278	67	242	N/A
6/30/2023	2,470	67	-78	119	N/A
12/31/2022	2,520	-42	-55	178	N/A
9/30/2022	2,451	-80	240	458	N/A
6/30/2022	2,381	-118	535	737	N/A
12/31/2021	767	-370	405	571	N/A
9/30/2021	1,625	-265	471	645	N/A
6/30/2021	2,482	-161	538	720	N/A
3/31/2021	5,433	-307	670	868	N/A
12/31/2020	5,180	-884	803	1,016	N/A
9/30/2020	5,202	-877	592	844	N/A
6/30/2020	5,224	-870	381	671	N/A
3/31/2020	5,418	-245	390	708	N/A
12/31/2019	5,612	381	399	745	N/A
9/30/2019	5,550	376	446	757	N/A
6/30/2019	5,488	371	492	770	N/A
12/31/2018	5,209	244	175	471	N/A
9/30/2018	4,483	198	165	459	N/A
6/30/2018	3,757	152	156	448	N/A
3/31/2018	3,095	60	N/A	383	N/A
12/31/2017	2,400	18	N/A	318	N/A
9/30/2017	2,317	-1	N/A	270	N/A
6/30/2017	2,234	-21	N/A	223	N/A
3/31/2017	2,230	63	N/A	270	N/A
12/31/2016	2,225	147	N/A	317	N/A
9/30/2016	2,207	158	N/A	359	N/A
6/30/2016	2,189	170	N/A	401	N/A
3/31/2016	2,185	232	N/A	431	N/A
12/31/2015	2,180	294	N/A	461	N/A
9/30/2015	2,169	314	N/A	430	N/A
6/30/2015	2,158	335	N/A	400	N/A
12/31/2014	2,108	197	N/A	368	N/A
9/30/2014	2,074	173	N/A	378	N/A
6/30/2014	2,041	149	N/A	387	N/A
12/31/2013	2,014	128	N/A	298	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: THL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: THL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: THL is expected to become profitable in the next 3 years.

Revenue vs Market: THL's revenue (3.9% per year) is forecast to grow slower than the German market (5.6% per year).

High Growth Revenue: THL's revenue (3.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: THL's Return on Equity is forecast to be low in 3 years time (5.6%).

Tabcorp Holdings Future Growth

Future criteria checks 3/6

Key information

Recent future growth updates

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

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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