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Tabcorp Holdings Limited (AU:TAH)
:TAH

Tabcorp Holdings Limited (TAH) AI Stock Analysis

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Tabcorp Holdings Limited

(OTC:TAH)

49Neutral
Tabcorp Holdings Limited has significant financial hurdles, with declining revenues and negative margins being key concerns. While some positive aspects like debt reduction and cash flow improvements exist, high leverage and valuation issues persist. Technical analysis shows bearish short-term trends, and the negative P/E ratio highlights valuation difficulties. The stock requires careful consideration given these challenges.

Tabcorp Holdings Limited (TAH) vs. S&P 500 (SPY)

Tabcorp Holdings Limited Business Overview & Revenue Model

Company DescriptionTabcorp Holdings Limited (TAH) is a leading Australian gambling and entertainment company, operating in the wagering and media, gaming services, and lotteries and keno sectors. The company offers a diverse portfolio of products and services including betting on racing and sports events, lottery games, and gaming solutions. With a strong presence in the Australian market, Tabcorp has established itself as a major player in the entertainment industry, leveraging its extensive network of retail outlets, digital platforms, and partnerships.
How the Company Makes MoneyTabcorp Holdings Limited generates revenue through several key streams. The primary source is its wagering and media operations, which include betting on horse racing, greyhound racing, and various sports, both through retail outlets and digital platforms. This segment benefits from media rights and partnerships that enhance its offerings and reach. The lotteries and keno segment contributes significantly to revenue, with products sold through a wide network of retail outlets and online platforms. Tabcorp also earns income from its gaming services, providing electronic gaming machine monitoring and other related services to venues. Strategic partnerships and media rights agreements further bolster its revenue, allowing Tabcorp to expand its distribution channels and enhance content delivery.

Tabcorp Holdings Limited Financial Statement Overview

Summary
Income Statement
Balance Sheet
Cash Flow
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
1.75B2.34B2.10B2.01B2.15B3.22B
Gross Profit
492.00M2.34B342.60M236.50M297.80M910.00M
EBIT
328.00M-48.30M122.40M100.60M179.00M611.00M
EBITDA
364.60M-1.34B362.80M276.00M344.10M-194.00M
Net Income Common Stockholders
175.00M-1.36B66.50M6.78B269.00M-870.00M
Balance SheetCash, Cash Equivalents and Short-Term Investments
465.80M313.70M290.70M199.40M553.30M375.00M
Total Assets
13.17B3.39B4.05B4.05B11.87B12.42B
Total Debt
3.75B1.14B572.40M317.00M2.78B4.07B
Net Debt
3.34B830.70M281.70M117.60M2.36B3.72B
Total Liabilities
5.92B2.14B1.39B1.34B5.17B6.39B
Stockholders Equity
7.25B1.25B2.66B2.71B6.70B6.03B
Cash FlowFree Cash Flow
349.00M84.80M-77.60M534.50M537.70M381.00M
Operating Cash Flow
435.00M245.20M119.30M737.00M719.50M671.00M
Investing Cash Flow
-97.00M-739.70M-130.00M-455.70M-37.60M-292.00M
Financing Cash Flow
-202.00M517.50M102.00M-506.30M-607.20M-493.00M

Tabcorp Holdings Limited Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.55
Price Trends
50DMA
0.62
Negative
100DMA
0.61
Negative
200DMA
0.56
Negative
Market Momentum
MACD
-0.02
Positive
RSI
42.80
Neutral
STOCH
23.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TAH, the sentiment is Negative. The current price of 0.55 is below the 20-day moving average (MA) of 0.57, below the 50-day MA of 0.62, and below the 200-day MA of 0.56, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 42.80 is Neutral, neither overbought nor oversold. The STOCH value of 23.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:TAH.

Tabcorp Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUDNA
79
Outperform
AU$51.83M1.3226.04%23.66%589.13%
AUJIN
69
Neutral
€630.65M15.4737.11%5.51%16.41%18.97%
AUALL
66
Neutral
$40.07B31.3719.74%1.25%4.89%-7.96%
60
Neutral
$6.85B11.573.09%4.18%2.37%-21.38%
AUTAH
49
Neutral
AU$1.26B-42.74%2.17%0.73%-11.04%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:TAH
Tabcorp Holdings Limited
0.55
-0.17
-23.50%
AU:ALL
Aristocrat Leisure Limited
64.25
25.05
63.92%
AU:JIN
Jumbo Interactive Limited
10.10
-5.28
-34.31%
AU:DNA
Donaco International Ltd.
0.04
0.00
0.00%

Tabcorp Holdings Limited Corporate Events

Tabcorp Director Increases Shareholding
Apr 10, 2025

Tabcorp Holdings Limited announced a change in the director’s interest, with Director Karen Stocks acquiring an additional 78,500 ordinary shares through an on-market purchase. This transaction increases her indirect holding to 245,263 shares, potentially reflecting confidence in the company’s future performance and aligning with shareholder interests.

Tabcorp Director Increases Shareholding, Signaling Confidence
Apr 9, 2025

Tabcorp Holdings Limited announced a change in the director’s interest, specifically concerning David Gallop, who acquired an additional 36,363 ordinary shares through an on-market purchase. This transaction increased his total holdings to 280,738 ordinary shares, reflecting a strategic move that could signal confidence in the company’s future performance and potentially influence stakeholder perceptions.

Tabcorp Announces Change in Substantial Shareholder Status
Mar 18, 2025

Tabcorp Holdings Limited announced that Magellan Financial Group Limited has ceased to be a substantial shareholder as of March 14, 2025. This change is significant due to the strict regulatory framework governing shareholdings in Tabcorp, which limits any individual or entity from holding more than 10% of the company’s shares or voting power without government consent. This development may impact the company’s shareholder structure and compliance with existing regulations.

Magellan Financial Group Ceases Substantial Holding in Tabcorp
Mar 18, 2025

Tabcorp Holdings Limited has announced that Magellan Financial Group Ltd and its related bodies corporate have ceased to be substantial holders in the company as of March 14, 2025. This change in substantial holding reflects a shift in Magellan’s voting securities, which may impact Tabcorp’s shareholder composition and influence within the market.

Tabcorp Holdings Limited Announces New Securities Issuance
Mar 12, 2025

Tabcorp Holdings Limited has announced the issuance of 1,378,586 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code TAH. This move is part of a dividend or distribution plan and reflects the company’s ongoing efforts to enhance its financial structure and provide value to its stakeholders.

Tabcorp Unveils Half-Year Financial Results
Feb 20, 2025

Tabcorp Holdings Limited released its half-year results for the period ending December 2024, showcasing their financial performance and operational outcomes. The presentation, available on their website, aligns with their recent annual report, giving stakeholders insights into the company’s current standing and strategic direction, as authorized by the Tabcorp Board.

Tabcorp Holdings Reports Strong Half-Year Financial Results
Feb 20, 2025

Tabcorp Holdings Limited reported a significant financial performance for the half-year ending December 31, 2024, with a 10.1% increase in group revenue to $1,331.3 million and a 12.0% rise in EBITDA to $190.2 million compared to the previous year. The company successfully transitioned to a modernized Victorian Wagering and Betting License, contributing to a $36.4 million EBITDA uplift, despite facing soft trading conditions. The results reflect strong cost discipline, with underlying operational expenses improving by 1.8%. The company’s wagering and media revenue rose by 11.3%, with cash wagering outperforming digital. Additionally, Tabcorp declared an interim dividend of 1.0 cents per share, unfranked, indicating stable returns for shareholders.

Tabcorp Announces 10% Revenue Growth and Interim Dividend for H1 2024
Feb 20, 2025

Tabcorp Holdings Limited announced its half-year financial results for the period ending December 31, 2024, reporting a 10% increase in revenue from continuing operations, reaching $1,331.3 million. However, the net profit after tax for the period stood at $25.3 million, which was not meaningfully comparable to previous figures. The company declared an interim dividend of 1.0 cent per share, maintainable through its Dividend Reinvestment Plan without any discounts or transaction costs. This financial update reflects Tabcorp’s efforts to enhance its market position and shareholder returns amidst evolving industry dynamics.

Tabcorp Enhances Leadership with New Director Appointment
Feb 3, 2025

Tabcorp Holdings Limited announced the appointment of Gillon McLachlan as a director, effective from January 31, 2025. McLachlan holds significant options under Tabcorp’s Long Term Performance Plan, which ties his interests closely to the company’s performance. This appointment could strengthen Tabcorp’s leadership and potentially impact its strategic direction and market performance.

Bruce Akhurst Steps Down as Tabcorp Director
Feb 3, 2025

Tabcorp Holdings Limited has announced the cessation of Bruce Akhurst as a director, effective January 31, 2025. His interest in 1,400,000 ordinary shares held indirectly through Invia Custodian Pty Limited as trustee for the Akhurst Super Fund is noted. This change in leadership may have implications for Tabcorp’s strategic direction and stakeholder relations, although specific operational impacts are not detailed in this release.

Tabcorp Appoints Gillon McLachlan as New CEO
Jan 30, 2025

Tabcorp Holdings Limited has announced the formal appointment of Gillon McLachlan as its new Managing Director and Chief Executive Officer, following the completion of necessary regulatory approvals. This leadership change sees the retirement of Bruce Akhurst from the board, marking a significant shift in Tabcorp’s executive team, which may influence its strategic direction and operations moving forward.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.