Financials Light & Wonder, Inc. Australian S.E.

Equities

LNW

AU0000278103

Casinos & Gaming

Market Closed - Australian S.E. 02:10:37 2024-05-17 am EDT 5-day change 1st Jan Change
141.4 AUD -2.00% Intraday chart for Light & Wonder, Inc. +0.23% +16.86%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,497 3,949 6,450 5,489 7,397 8,394 - -
Enterprise Value (EV) 1 10,909 12,236 14,555 8,469 10,889 11,503 11,061 10,519
P/E ratio -19.1 x -6.89 x 17.7 x 1.51 x 46.9 x 23.1 x 17.5 x 14.6 x
Yield - - - - - - - -
Capitalization / Revenue 0.73 x 1.45 x 3 x 2.19 x 2.55 x 2.65 x 2.45 x 2.32 x
EV / Revenue 3.21 x 4.49 x 6.76 x 3.37 x 3.75 x 3.63 x 3.23 x 2.91 x
EV / EBITDA 8.18 x 15.3 x 18.4 x 9.28 x 9.74 x 9.45 x 8.15 x 7.22 x
EV / FCF 41.8 x 43.5 x 109 x -14.2 x 31.3 x 22.3 x 17.5 x 14.1 x
FCF Yield 2.39% 2.3% 0.91% -7.05% 3.2% 4.48% 5.71% 7.11%
Price to Book -1.13 x -1.56 x -2.87 x 5.39 x 9.98 x 7.57 x 5.95 x 3.57 x
Nbr of stocks (in thousands) 93,252 95,170 96,512 93,674 90,087 90,138 - -
Reference price 2 26.78 41.49 66.83 58.60 82.11 93.12 93.12 93.12
Announcement Date 2/18/20 3/1/21 3/1/22 3/1/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,400 2,724 2,153 2,512 2,902 3,169 3,422 3,618
EBITDA 1 1,334 800 793 913 1,118 1,217 1,357 1,458
EBIT 1 546 22 110 273 518 755.5 897.9 966.1
Operating Margin 16.06% 0.81% 5.11% 10.87% 17.85% 23.84% 26.24% 26.7%
Earnings before Tax (EBT) 1 -108 -544 -294 -163 205 482.8 627.6 732.9
Net income 1 -130 -569 371 3,675 163 369.4 480.4 572.4
Net margin -3.82% -20.89% 17.23% 146.3% 5.62% 11.66% 14.04% 15.82%
EPS 2 -1.400 -6.020 3.770 38.78 1.750 4.035 5.311 6.379
Free Cash Flow 1 261 281 133 -597 348 515.8 631.9 747.6
FCF margin 7.68% 10.32% 6.18% -23.77% 11.99% 16.28% 18.47% 20.67%
FCF Conversion (EBITDA) 19.57% 35.12% 16.77% - 31.13% 42.38% 46.57% 51.29%
FCF Conversion (Net income) - - 35.85% - 213.5% 139.62% 131.54% 130.62%
Dividend per Share 2 - - - - - - - -
Announcement Date 2/18/20 3/1/21 3/1/22 3/1/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 580 572 610 648 682 670 731 731 770 756 797 805.4 824.1 821 866.6
EBITDA 1 216 202 212 235 265 249 281 286 302 281 307.1 314.6 322.8 321.3 349.6
EBIT 1 3 40 46 89 99 102 113 147 155 165 187.5 197.3 206.1 201.9 233.1
Operating Margin 0.52% 6.99% 7.54% 13.73% 14.52% 15.22% 15.46% 20.11% 20.13% 21.83% 23.52% 24.5% 25% 24.59% 26.89%
Earnings before Tax (EBT) 1 -92 -64 -149 24 26 26 20 94 65 100 124.5 130 133.3 136.9 167.3
Net income 1 95 26 3,291 328 30 22 -1 75 66 82 96.5 100.8 103.5 105.8 129.3
Net margin 16.38% 4.55% 539.51% 50.62% 4.4% 3.28% -0.14% 10.26% 8.57% 10.85% 12.11% 12.52% 12.57% 12.89% 14.92%
EPS 2 0.9500 0.2600 34.61 3.420 0.3200 0.2300 -0.0100 0.8100 0.7300 0.8800 1.023 1.072 1.095 1.163 1.431
Dividend per Share 2 - - - - - - - - - - - - - - -
Announcement Date 3/1/22 5/10/22 8/9/22 11/9/22 3/1/23 5/9/23 8/8/23 11/9/23 2/27/24 5/8/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,412 8,287 8,105 2,980 3,492 3,109 2,668 2,126
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 6.306 x 10.36 x 10.22 x 3.264 x 3.123 x 2.555 x 1.966 x 1.458 x
Free Cash Flow 1 261 281 133 -597 348 516 632 748
ROE (net income / shareholders' equity) - 23.4% - - 18.6% 40.1% 40.4% 36.1%
ROA (Net income/ Total Assets) -1.67% -7.21% 4.68% - 2.82% 9.26% 11.2% 12.5%
Assets 1 7,764 7,897 7,934 - 5,781 3,989 4,273 4,571
Book Value Per Share 2 -23.80 -26.60 -23.30 10.90 8.230 12.30 15.60 26.10
Cash Flow per Share 2 5.870 4.960 3.100 -4.010 6.340 8.200 9.650 11.10
Capex 1 285 190 171 216 242 274 278 286
Capex / Sales 8.38% 6.98% 7.94% 8.6% 8.34% 8.66% 8.13% 7.91%
Announcement Date 2/18/20 3/1/21 3/1/22 3/1/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
93.12 USD
Average target price
105.9 USD
Spread / Average Target
+13.69%
Consensus
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  5. Financials Light & Wonder, Inc.
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