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The Lottery Corporation (TLC) Fair Value & Analysis

Consumer Cyclical · AU · Market cap A$11.6B

TL The Lottery Corporation TLC · AU
PriceA$5.59
Fair ValueA$3.01
Upside-46.2%
Quality95/100
Evidence: High Range A$1.70 – A$3.99

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 6 days ago

Fair value updated Jun 24, 2026 — revised from A$3.04 to A$3.01 (−1.0%) since Jun 23, 2026. Share price +6.3% over the past month.

Price vs Fair Value (12 months)

A$5.71 A$4.79 Fair Value A$3.01 Jun 2025 Jun 2026

12‑month range A$4.79 – A$5.71 · fair‑value band A$1.70 – A$3.99 · the A$5.59 price screens above the A$3.01 fair value. As of Jun 24, 2026.

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Analysis

The Lottery Corporation (TLC) currently trades at A$5.59, while our model-based Fair Value estimate is A$3.01 — implying the stock looks roughly 46.2% overvalued today. We read business quality at 95/100 (high quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, The Lottery Corporation generated revenue of A$3.8B at a net margin of 9.6%. Revenue grew 2.0% year over year. It earns a return on equity of 114.0%. Net debt stands at A$2.0B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$3.8B
Revenue growth (YoY) +2.0%
Net margin 9.6%
Return on equity 114%
Free cash flow A$470M FY2025
P/E ratio 32.6
More key figures
Operating margin 17.2%
EPS (TTM) A$0.1600
Dividend yield 3.2%
EPS growth (YoY) -1.4%
Net debt A$2.0B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

The Lottery Corporation Limited engages in provision of gaming services in Australia. It operates lottery and Keno games under The Lott and Keno brand names. The company was founded in 1881 and is based in Brisbane, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

The Lottery Corporation reported revenue of A$3.7B in FY2025 versus A$3.0B in FY2021, a compound +6.0%/yr. Reported net income was A$366M in FY2025, compounding −2.2%/yr from FY2021.

Revenue +6.0%/yr
FY21 A$3.0B
FY22 A$3.3B
FY23 A$3.5B
FY24 A$4.0B
FY25 A$3.7B
Net income −2.2%/yr
FY21 A$399M
FY22 A$347M
FY23 A$265M
FY24 A$414M
FY25 A$366M

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6 more Gambling stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

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Aristocrat Leisure Limited ARLUF $41.84 $27.19 -35%
Allwyn AG GRKZF $15.25 $11.55 -24%
Flutter Entertainment plc FLUT $101.99 $113.19 +11%
Evolution AB EVGGF $71.05 $98.76 +39%
DraftKings Inc DKNG $25.37 $0.8500 -97%
Lottomatica Group LTMC €26.66 €16.38 -39%

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Frequently asked questions

Is The Lottery Corporation (TLC) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$3.01 versus a price of A$5.59 — about −46% (overvalued). Model-based estimate, not financial advice.
What is the fair value of TLC?
Our 21-model fair value for The Lottery Corporation is A$3.01 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$5.59.
What is the quality score of TLC?
The Lottery Corporation has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of The Lottery Corporation (TLC)?
The Lottery Corporation reported trailing-twelve-month revenue of about A$3.8B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of TLC?
The net profit margin of The Lottery Corporation is about 9.6%, meaning it keeps roughly 9.6% of revenue as net income. Based on the latest reported figures.
Does The Lottery Corporation pay a dividend?
The Lottery Corporation currently shows a dividend yield of about 3.17% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.