Tabcorp Holdings Ltd TAH

Morningstar Rating
A$0.88 −0.01 (0.57%)
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Company Report

Price vs Fair Value

TAH is trading at a LOCK|<^$@ premium.
Price
A$0.88
Fair Value
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Uncertainty
LOCK|s!
1-Star Price
LOCK|!n
5-Star Price
H.b
Economic Moat
LOCK|rpJ
Capital Allocation
LOCK|Bz^!v%P

Bulls Say, Bears Say

Bulls

Tabcorp's retail exclusivity and extensive brick-and-mortar distribution presence place the company in a strong position to migrate its large wagering customer base to a omnichannel environment.

Bears

A protracted decline in wagering or persistent market share losses would have an outsize impact Tabcorp's earnings due to operating deleverage.

Trading Information

Previous Close Price
A$0.88
Day Range
A$0.87–0.89
52-Week Range
A$0.66–1.19
Bid/Ask
A$0.88 / A$0.89
Shares Outstanding
2.29B
Market Cap
A$2.01B
Volume/Avg
4M / 7M

Key Statistics

Price/Earnings (Normalized)
26.73
Price/Sales
0.76
Dividend Yield (Trailing)
3.43%
Dividend Yield (Forward)
3.43%
Dividend Payment Schedule
Mar, Sep
Total Yield
3.68%

Company Profile

Tabcorp is essentially a pure-play Australian wagering operator, with exclusive rights to physical wagering at venues (pubs, clubs, and racecourses) and also a digital offering. Tabcorp operates through principally through two segments: wagering and media and gaming services. The firm conducts wagering activities under the TAB brand both online and physically in every Australian state and territory other than Western Australia, reaching 90% of the population through a network of retail venues. In addition, Integrity Services provides services to electronic gaming machine venues.
Sector
Consumer Cyclical
Industry
Gambling
Stock Style Box
Small Core
Total Number of Employees
8,464

Competitors

Valuation

Metric
TAH
FLUT
SKC
Price/Earnings (Normalized)
26.7315.0222.78
Price/Book Value
1.591.520.47
Price/Sales
0.760.780.80
Price/Cash Flow
6.4812.817.26
Price/Earnings
TAH
FLUT
SKC

Financial Strength

Metric
TAH
FLUT
SKC
Quick Ratio
0.530.870.30
Current Ratio
0.620.890.76
Interest Coverage
1.99−0.15−0.45
Quick Ratio
TAH
FLUT
SKC

Profitability

Metric
TAH
FLUT
SKC
Return on Assets (Normalized)
2.25%1.03%1.43%
Return on Equity (Normalized)
5.64%3.21%2.56%
Return on Invested Capital (Normalized)
6.23%3.80%1.41%
Return on Assets
TAH
FLUT
SKC

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