Tabcorp Holdings Limited

OTCPK:TABC.F Stock Report

Market Cap: US$921.4m

Tabcorp Holdings Valuation

Is TABC.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TABC.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
US$0.40
Fair Value
6.0% overvalued intrinsic discount
10
Number of Analysts

Below Fair Value: TABC.F ($0.42) is trading above our estimate of fair value ($0.4)

Significantly Below Fair Value: TABC.F is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for TABC.F?

Key metric: As TABC.F is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TABC.F. This is calculated by dividing TABC.F's market cap by their current revenue.
What is TABC.F's PS Ratio?
PS Ratio0.6x
SalesAU$2.36b
Market CapAU$1.47b

Price to Sales Ratio vs Peers

How does TABC.F's PS Ratio compare to its peers?

The above table shows the PS ratio for TABC.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.4x
ACEL Accel Entertainment
0.8x2.8%US$986.5m
EVRI Everi Holdings
1.6x3.9%US$1.2b
BALY Bally's
0.3x1.1%US$741.8m
MCRI Monarch Casino & Resort
3.1x1.6%US$1.6b
TABC.F Tabcorp Holdings
0.6x3.9%US$1.5b

Price-To-Sales vs Peers: TABC.F is good value based on its Price-To-Sales Ratio (0.6x) compared to the peer average (1.4x).

Price to Sales Ratio vs Industry

How does TABC.F's PS Ratio compare vs other companies in the US Hospitality Industry?

29 CompaniesPrice / SalesEstimated GrowthMarket Cap
BLMN Bloomin' Brands
0.2x-2.7%US$1.06b
BALY Bally's
0.3x1.1%US$741.76m
TAST Carrols Restaurant Group
0.3x2.9%US$478.64m
GENK GEN Restaurant Group
0.1x18.5%US$196.80m
TABC.F 0.6xIndustry Avg. 1.7xNo. of Companies29PS01.22.43.64.86+
29 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TABC.F is good value based on its Price-To-Sales Ratio (0.6x) compared to the US Hospitality industry average (1.7x).

Price to Sales Ratio vs Fair Ratio

What is TABC.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TABC.F PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.6x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TABC.F's Price-To-Sales Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst TABC.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
US$0.39
0%
17.9%US$0.56US$0.31n/a10
Feb ’26US$0.42
US$0.39
-7.2%
17.9%US$0.56US$0.31n/a10
Jan ’26n/a
US$0.37
0%
19.7%US$0.56US$0.28n/a11
Dec ’25n/a
US$0.38
0%
20.1%US$0.58US$0.29n/a11
Nov ’25n/a
US$0.40
0%
20.1%US$0.61US$0.31n/a11
Oct ’25n/a
US$0.40
0%
20.1%US$0.61US$0.31n/a11
Sep ’25US$0.30
US$0.41
+34.4%
21.5%US$0.61US$0.31n/a12
Aug ’25n/a
US$0.57
0%
15.4%US$0.71US$0.38n/a12
Jul ’25US$0.43
US$0.56
+29.5%
15.2%US$0.70US$0.37n/a12
Jun ’25US$0.40
US$0.57
+43.1%
12.1%US$0.70US$0.44n/a12
May ’25n/a
US$0.57
0%
12.1%US$0.70US$0.44n/a12
Apr ’25US$0.47
US$0.57
+21.5%
11.6%US$0.70US$0.46n/a12
Mar ’25n/a
US$0.55
0%
10.9%US$0.69US$0.46n/a11
Feb ’25US$0.45
US$0.69
+54.2%
11.3%US$0.79US$0.58US$0.429
Jan ’25US$0.55
US$0.71
+30.0%
11.3%US$0.82US$0.60n/a9
Dec ’24US$0.47
US$0.68
+42.4%
9.3%US$0.76US$0.57n/a11
Nov ’24n/a
US$0.68
0%
9.3%US$0.76US$0.57n/a11
Oct ’24n/a
US$0.75
0%
13.2%US$0.98US$0.63n/a11
Sep ’24n/a
US$0.76
0%
12.9%US$0.98US$0.63US$0.3012
Aug ’24US$0.69
US$0.79
+15.1%
12.0%US$0.99US$0.66n/a12
Jul ’24US$0.71
US$0.80
+13.3%
12.2%US$1.01US$0.67US$0.4312
Jun ’24n/a
US$0.76
0%
14.3%US$0.97US$0.55US$0.4013
May ’24US$0.70
US$0.75
+7.5%
14.0%US$0.99US$0.56n/a12
Apr ’24n/a
US$0.74
0%
15.2%US$1.00US$0.56US$0.4713
Mar ’24n/a
US$0.75
0%
16.6%US$1.02US$0.58n/a13
Feb ’24US$0.73
US$0.73
+0.6%
13.8%US$0.96US$0.57US$0.4513
Analyst Price Target
Consensus Narrative from 10 Analysts
US$0.41
Fair Value
2.9% overvalued intrinsic discount
10
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/08 21:17
End of Day Share Price 2025/01/31 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

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.

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

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.

AnalystInstitution
Swapan PandyaAPP Securities Pty Ltd.
Matthew RyanBarrenjoey Markets Pty Limited
Melinda BaxterBofA Global Research