Lottomatica Group S.p.A.

BIT:LTMC Stock Report

Market Cap: €6.0b

Lottomatica Group Past Earnings Performance

Past criteria checks 5/6

Lottomatica Group has been growing earnings at an average annual rate of 48.6%, while the Hospitality industry saw earnings growing at 41% annually. Revenues have been growing at an average rate of 16.2% per year. Lottomatica Group's return on equity is 49.9%, and it has net margins of 8.4%.

Key information

48.60%

Earnings growth rate

19.56%

EPS growth rate

Hospitality Industry Growth28.09%
Revenue growth rate16.17%
Return on equity49.88%
Net Margin8.42%
Next Earnings Update29 Jul 2026

Recent past performance updates

Recent updates

Narrative Update May 23

LTMC: 2026 Cash Returns And Share Buyback Will Support Upside

The analyst fair value estimate for Lottomatica Group has shifted from €29.82 to €31.58. This adjustment reflects recent price target increases across several banks, as analysts factor in updated assumptions for discount rates, profit margins and future P/E multiples.
Narrative Update Apr 26

LTMC: Rising Street Confidence In 2026 Cash Returns Will Support Upside

Analysts have nudged the fair value estimate for Lottomatica Group to €29.82 from €29.51, citing a series of recent price target increases across major banks as support for slightly higher growth, profitability and P/E assumptions. Analyst Commentary Recent price target moves on Lottomatica Group cluster in the mid to high €20s, with one target at €33, which helps explain the modest uplift in the fair value estimate to €29.82.
Narrative Update Apr 11

LTMC: 2026 Guidance And Capital Returns Will Underpin Balanced Risk Reward

Analysts have nudged the average price target on Lottomatica Group higher to €29.51, a move of about €0.19, supported by a series of recent target increases and broadly positive research updates from major banks. Analyst Commentary Recent research updates cluster around higher price targets for Lottomatica Group, with most covering banks adjusting their numbers upward and one trimming its view before later nudging it higher again.
Narrative Update Mar 27

LTMC: Updated 2026 Guidance And Capital Returns Will Support Further Upside

Analysts have nudged the average price target for Lottomatica Group higher to around €29, reflecting a series of modest target lifts to €26.40, €29 and €33, supported by updated assumptions around discount rates and future P/E levels. Analyst Commentary Recent Street research around Lottomatica Group centers on a cluster of small price target revisions, with most analysts keeping positive ratings while fine tuning their assumptions.
Narrative Update Mar 13

LTMC: Higher Fair Value And 2026 Dividend Outlook Will Support Upside

Analysts have raised their implied fair value estimate for Lottomatica Group from about €28.44 to roughly €29.32. This reflects updated assumptions on revenue growth, profit margins and forward P/E that are in line with recent Street price target increases to €26.40, €29 and €33.
Narrative Update Feb 25

LTMC: Updated Board Calendar And Earnings Outlook Will Support Future Upside

The analyst price target for Lottomatica Group has been reduced by €0.81 to €26.30, as analysts factor in updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts are still using a price target of €26.30, which implies room for upside versus the current fair value assumptions embedded in their models.
Narrative Update Feb 10

LTMC: Board Schedule And Steady Assumptions Will Support Future Upside Potential

Analysts have slightly adjusted their price target for Lottomatica Group, citing refined assumptions around the discount rate, revenue growth at 5.63% and profit margin at 16.44%, along with a future P/E of 23.34x. Together, these inputs feed into a fair value indication of €28.50 per share.
Narrative Update Jan 27

LTMC: Higher P/E Confidence And Earnings Visibility Will Support Future Upside

Analysts have slightly adjusted their view on Lottomatica Group, with a marginally lower fair value estimate alongside a higher Street price target to €27.24. This reflects updated assumptions on discount rate, revenue growth, profit margin and future P/E multiples.
Narrative Update Jan 12

LTMC: Higher P/E Assumptions Will Support Upside As Earnings Visibility Improves

Analysts have lifted their price target on Lottomatica Group to €27.24 from €22.44, reflecting updated assumptions for discount rate, revenue growth, profit margin and future P/E that are now slightly different from prior estimates. Analyst Commentary Bullish Takeaways Bullish analysts view the raised target of €27.24 as support for a higher valuation, based on updated assumptions for discount rate, revenue growth, profit margin and future P/E.
Narrative Update Dec 27

LTMC: Higher Earnings Multiple Will Drive Upside As Earnings Visibility Strengthens

Narrative Update Lottomatica Group's analyst price target has been raised from EUR 22.44 to EUR 27.24. This reflects analysts' increased confidence in the company following supportive research highlighting its favorable risk reward profile and sustained earnings potential.
Narrative Update Dec 13

LTMC: Higher Earnings Multiple Will Drive Future Upside Potential

Narrative Update on Lottomatica Group Analysts have modestly raised their price target on Lottomatica Group to approximately EUR 27.24 from around EUR 22.44. This reflects a slightly higher fair value estimate and future earnings multiple, despite only marginal adjustments to discount rate, revenue growth, and profit margin assumptions.
Narrative Update Nov 27

LTMC: Improved Margins And Lower Discount Rate Will Drive Profit Expansion

Analysts have increased their price target for Lottomatica Group from €27.92 to €28.21, citing improved profit margins and expectations for continued strong performance. Analyst Commentary Recent research updates have provided additional insight into the factors influencing Lottomatica Group's revised price targets.
Narrative Update Nov 09

LTMC: Improved Margins And Lower Discount Rate Signal Stronger Profit Outlook

Analysts have increased their price target for Lottomatica Group to €27.92 from €27.69. They cite stronger profit margin expectations and a slight reduction in the discount rate as key factors behind the update.
Narrative Update Oct 26

Share Repurchase And Italy Focus Will Drive Digital Expansion Forward

Narrative Update on Lottomatica Group: Analyst Price Target Revision Analysts have maintained their fair value estimate for Lottomatica Group at €27.69. They cited a modest increase in expected revenue growth, which offset a slight uptick in the discount rate and a minor decrease in projected profit margin.
Narrative Update Oct 12

PWO Migration And Italy Consolidation Will Expand Digital Reach

Analysts have raised their price target for Lottomatica Group from €27.13 to €27.69. This reflects modest improvements in projected revenue growth and a slightly lower assumed discount rate.
User avatar
New Narrative Mar 09

Omnichannel Strategy Will Drive Future Success In Italian iGaming Market

Significant growth in the online segment and omnichannel strategy enhances market share and profitability, improving revenues and net earnings.

Revenue & Expenses Breakdown

How Lottomatica Group makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

BIT:LTMC Revenue, expenses and earnings (EUR Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 262,263190690
31 Dec 252,247174800
30 Sep 252,222146770
30 Jun 252,198143660
31 Mar 252,149121630
31 Dec 242,00599460
30 Sep 241,85553420
30 Jun 241,74451310
31 Mar 241,64854290
31 Dec 231,63268310
30 Sep 231,57268260
30 Jun 231,53360290
31 Mar 231,46781240
31 Dec 221,39572160
30 Sep 221,36974190
30 Jun 221,31956160
31 Mar 221,1033200
31 Dec 21808-58180
30 Sep 21469-78100
31 Dec 20304-4030

Quality Earnings: LTMC has high quality earnings.

Growing Profit Margin: LTMC's current net profit margins (8.4%) are higher than last year (5.6%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: LTMC has become profitable over the past 5 years, growing earnings by 48.6% per year.

Accelerating Growth: LTMC's earnings growth over the past year (58%) exceeds its 5-year average (48.6% per year).

Earnings vs Industry: LTMC earnings growth over the past year (58%) exceeded the Hospitality industry 10.8%.


Return on Equity

High ROE: Whilst LTMC's Return on Equity (49.88%) is outstanding, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/31 08:07
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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

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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

Lottomatica Group S.p.A. 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
Andrea BonfaBanca Akros S.p.A. (ESN)
James Rowland ClarkBarclays
Pravin GondhaleBarclays