Aristocrat Leisure Limited (AU:ALL)
ASX:ALL
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Aristocrat Leisure
(Sydney:ALL)
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Rating:67Neutral
Price Target:
AU$52.00
▲(5.95% Upside)
Action:ReiteratedDate:12/04/25
Aristocrat Leisure's overall stock score is driven by strong financial performance and positive earnings call insights, highlighting robust growth and market share gains. However, technical indicators suggest bearish momentum, and valuation metrics indicate moderate attractiveness.
Positive Factors
Cash generation
Free cash flow growth of 5.07% in 2025 and operating cash flow to net income slightly above 1 show durable cash generation. This supports sustained dividend policy, buybacks, capex for new cabinets and digital investment, and provides resilience through gaming cycles.
Negative Factors
Recent revenue decline
Reported recent revenue decline (~-4.64%) points to demand headwinds or market mix shifts that can pressure top-line driven investments. Prolonged revenue contraction would strain long-term margin expansion and limit funds available for new content and geographic expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Free cash flow growth of 5.07% in 2025 and operating cash flow to net income slightly above 1 show durable cash generation. This supports sustained dividend policy, buybacks, capex for new cabinets and digital investment, and provides resilience through gaming cycles.
Read all positive factors
Aristocrat Leisure (ALL) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$28.71B
Dividend Yield1.6%
Average Volume (3M)1.62M
Price to Earnings (P/E)30.5
Beta (1Y)0.93
Revenue Growth-4.64%
EPS Growth11.95%
CountryAU
Employees8,500
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)1.90
Shares Outstanding603,066,650
10 Day Avg. Volume1,680,203
30 Day Avg. Volume1,617,166
Financial Highlights & Ratios
PEG Ratio2.61
Price to Book (P/B)6.66
Price to Sales (P/S)6.94
P/FCF Ratio27.59
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$63.70Price Target Upside29.79% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)2.58
Revenue Forecast (FY)AU$6.16B
Aristocrat Leisure Business Overview & Revenue Model
Company Description
Aristocrat Leisure Limited, together with its subsidiaries, provides gaming content and technology related mobile games in Australia. The company offers aristocrat gaming and pixel united, a gaming product, as well as casino management systems. It...
How the Company Makes Money
Aristocrat makes money primarily by creating gaming content and monetizing it across land-based and digital channels. In land-based gaming, it earns revenue from (1) the sale of electronic gaming machines and related hardware to licensed venues, (...
Aristocrat Leisure Earnings Call Summary
Earnings Call Date:Nov 11, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 13, 2026
Earnings Call Sentiment Positive
The earnings call reflects a strong financial performance with significant market share gains and growth in key segments such as Product Madness and Interactive. Despite some challenges like increased legal expenses and a decline in interest income, the overall outlook remains positive with continued investment in technology and sustainability initiatives.Positive Updates
Strong Financial Performance
Aristocrat delivered NPATA of $1.6 billion, an increase of 12%. EPSA increased by 15% to $2.47, with revenue rising 11% to $6.3 billion.
Negative Updates
Legal Expenses
Legal costs increased by $33 million compared to FY '24, including $21 million for litigation against Light & Wonder.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Financial Performance
Aristocrat delivered NPATA of $1.6 billion, an increase of 12%. EPSA increased by 15% to $2.47, with revenue rising 11% to $6.3 billion.
Read all positive updates
Company Guidance
During the Aristocrat Full Year 2025 Results Briefing Webcast and Conference Call, substantial guidance was provided, highlighting the company's robust financial performance. Aristocrat reported an 11% increase in group revenues to $6.3 billion, with segment profit rising by 12%, driven by strong organic growth and the full-year inclusion of NeoGames. The company's NPATA grew by 12% to $1.6 billion, with EPSA increasing by 15% to $2.47. Key metrics included a 9% CAGR in group revenues and a 19% CAGR in segment profits over the past five years. The Aristocrat Gaming segment showed significant performance, with North American outright sales achieving a 31% ship share, and Product Madness exhibiting a 12% profit increase with margins improving by 380 basis points. Moving forward, Aristocrat expects to achieve NPATA growth by September 2026, focusing on social casino, iLottery, and leveraging its gaming content and technology across markets, with anticipated mid-single-digit growth in D&D investment.Aristocrat Leisure Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
78
Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.30B | 6.60B | 6.30B | 5.57B | 4.74B |
| Gross Profit | 3.70B | 3.87B | 3.44B | 2.95B | 2.33B |
| EBITDA | 2.45B | 2.28B | 2.21B | 1.85B | 1.45B |
| Net Income | 1.43B | 1.30B | 1.45B | 948.50M | 820.00M |
Balance Sheet | |||||
| Total Assets | 10.39B | 10.30B | 10.92B | 10.12B | 8.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.29B | 959.10M | 3.19B | 3.03B | 2.44B |
| Total Debt | 2.03B | 2.41B | 2.68B | 2.79B | 3.52B |
| Total Liabilities | 3.84B | 4.02B | 4.20B | 4.10B | 4.79B |
| Stockholders Equity | 6.56B | 6.28B | 6.73B | 6.02B | 3.88B |
Cash Flow | |||||
| Free Cash Flow | 1.58B | 1.35B | 1.35B | 977.20M | 1.10B |
| Operating Cash Flow | 1.93B | 1.77B | 1.80B | 1.25B | 1.33B |
| Investing Cash Flow | 441.30M | -2.01B | -629.70M | -334.40M | -310.40M |
| Financing Cash Flow | -2.07B | -1.87B | -1.03B | -605.30M | -257.30M |
Aristocrat Leisure Technical Analysis
Positive
49.08
Price Trends
47.50
Positive
52.19
Negative
59.55
Negative
Market Momentum
0.27
Negative
59.75
Neutral
76.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ALL, the sentiment is Positive. The current price of 49.08 is above the 20-day moving average (MA) of 46.68, above the 50-day MA of 47.50, and below the 200-day MA of 59.55, indicating a neutral trend. The MACD of 0.27 indicates Negative momentum. The RSI at 59.75 is Neutral, neither overbought nor oversold. The STOCH value of 76.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ALL.
Aristocrat Leisure Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | AU$28.71B | 30.52 | 23.84% | 1.60% | -4.64% | 11.95% | |
64 Neutral | AU$2.67B | 26.11 | 2.62% | 2.01% | 5.46% | ― | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | AU$168.33M | 16.20 | 48.57% | 5.00% | 4.81% | 6.37% | |
54 Neutral | AU$370.47M | -3.52 | -5.62% | 18.81% | 10.12% | -163.44% | |
43 Neutral | AU$354.54M | -3.53 | 653.24% | ― | 5.56% | 8.45% | |
40 Underperform | AU$763.05M | -1.45 | -57.00% | ― | -26.19% | 89.24% |
* Consumer Cyclical Sector Average
AU:ALL
Aristocrat Leisure
47.59
-18.65
-28.16%
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Aristocrat Leisure Corporate Events
Aristocrat Leisure Cancels Over 432,000 Lapsed Performance Share Rights
Apr 15, 2026
Aristocrat Leisure has disclosed the lapse of 432,449 performance share rights, which ceased on 31 March 2026 after the underlying conditions were not met or became incapable of being satisfied. The cancellation of these conditional rights reduces...
Aristocrat Leisure Issues 80,693 New Shares on Option Conversion
Apr 15, 2026
Aristocrat Leisure Limited has notified the market of the issue of 80,693 ordinary fully paid shares following the exercise or conversion of previously unquoted equity securities. The new shares, which were issued on 31 March 2026, reflect the con...
Aristocrat Issues New Performance Rights Under Employee Incentive Scheme
Apr 15, 2026
Aristocrat Leisure Limited has notified the market of the issue of 263,295 unquoted performance share rights under its employee incentive scheme, effective 31 March 2026. These securities, which are not intended to be quoted on the ASX, reflect th...
Aristocrat Issues New Performance Share Rights Under Employee Incentive Plan
Apr 15, 2026
Aristocrat Leisure Limited has notified the market of the issue of 14,977 unquoted performance share rights under its employee incentive scheme. The new securities, which are not intended to be quoted on the ASX, were issued on 31 March 2026 and r...
Aristocrat Leisure Issues 922,248 Performance Share Rights Under Incentive Scheme
Apr 15, 2026
Aristocrat Leisure has notified the market of the issue of 922,248 unquoted performance share rights under its employee incentive scheme. The new rights, which are not intended to be quoted on the ASX and were issued effective 31 March 2026, repre...
Aristocrat Leisure Cancels 3.6 Million Shares in Ongoing Buy-Back
Apr 14, 2026
Aristocrat Leisure Limited has cancelled 3,586,342 ordinary fully paid shares as part of an on-market buy-back completed on 2 April 2026. The reduction in issued capital through this buy-back is likely to incrementally enhance earnings per share a...
Aristocrat Updates ASX Filing to Clarify KMP Equity Grant
Apr 7, 2026
Aristocrat Leisure has updated its notification to the ASX regarding the issue of unquoted equity securities under Appendix 3G. The revised filing clarifies that a previously disclosed grant of performance share rights was made to a key management...
Aristocrat Issues New Performance Share Rights Under Employee Incentive Scheme
Apr 2, 2026
Aristocrat Leisure Limited has notified the market of the issue of 132,650 unquoted performance share rights under its employee incentive scheme. The securities, recorded under the ASX code ALLAA, were issued on 26 March 2026 and are not intended ...
Aristocrat Leisure Issues New Unquoted Performance Rights Under Staff Incentive Plan
Apr 2, 2026
Aristocrat Leisure Limited has notified the market of the issue of 86,246 unquoted performance share rights under its employee incentive scheme, with an issue date of 26 March 2026. The new performance rights, which are not intended to be quoted o...
Aristocrat Leisure boosts CEO’s long-term incentive stake with new PSR grant
Apr 2, 2026
Aristocrat Leisure has disclosed a change in managing director Trevor Croker’s interests, reflecting an increase in his equity-based remuneration. Croker received an issue of 86,246 long-term incentive performance share rights, which were gr...
Aristocrat Continues On-Market Buy-Back With Daily Share Purchases
Apr 1, 2026
Aristocrat Leisure Limited has provided an update on its on-market share buy-back program, confirming that it is repurchasing ordinary fully paid shares traded under the ASX code ALL. The company disclosed that a total of 22,343,858 shares had bee...
Aristocrat Leisure Updates Market on Ongoing Share Buy-Back Activity
Mar 30, 2026
Aristocrat Leisure Limited has provided a daily update on its on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 22,181,120 shares had been repurchased before the previous trading day, with an...
Aristocrat Leisure Updates Daily On‑Market Share Buy‑Back Progress
Mar 29, 2026
Aristocrat Leisure Limited has provided an updated notification of its on-market share buy-back program for its ordinary fully paid shares traded under the ASX code ALL. The update, dated 30 March 2026, confirms the company is continuing its previ...
Aristocrat Leisure Continues Daily On‑Market Share Buy‑Back
Mar 26, 2026
Aristocrat Leisure Limited has continued its on‑market share buy‑back program, repurchasing ordinary fully paid shares under its existing mandate first announced in February 2025. The company is providing a daily update to the Australi...
Aristocrat Leisure Updates Daily Progress of On-Market Share Buy-Back
Mar 25, 2026
Aristocrat Leisure Limited has provided an updated notification on its ongoing on-market share buy-back program for its ordinary fully paid shares listed under the ASX code ALL. The filing confirms that the company is continuing its previously ann...
Aristocrat Leisure Updates Daily Progress of On-Market Share Buy-Back
Mar 22, 2026
Aristocrat Leisure Limited has provided an update on its ongoing on-market share buy-back program, covering ordinary fully paid shares traded under the ASX code ALL. The company reported that a total of 20,275,149 shares had been repurchased prior...
Aristocrat Leisure Cancels Over 6 Million Shares After On‑Market Buy‑Back
Mar 20, 2026
Aristocrat Leisure has cancelled 6,074,256 ordinary fully paid shares following completion of an on‑market buy‑back, effective 17 March 2026. The reduction in issued capital is expected to improve capital efficiency and may enhance ear...
Aristocrat Leisure Advances On-Market Share Buy-Back Program
Mar 19, 2026
Aristocrat Leisure Limited has continued its on-market share buy-back program, targeting its ordinary fully paid shares trading under the ASX code ALL as part of its ongoing capital management strategy. The company has been systematically repurcha...
Aristocrat Leisure Updates Market on Ongoing On‑Market Share Buy‑Back
Mar 18, 2026
Aristocrat Leisure Limited has provided an updated notification to the ASX detailing progress under its on-market share buy-back program, covering ordinary fully paid shares under ticker code ALL. The update confirms the company has repurchased a ...
Aristocrat Leisure Updates Market on Progress of On‑Market Share Buy‑Back
Mar 17, 2026
Aristocrat Leisure Limited has provided an updated notification regarding its ongoing on-market share buy-back program for its ordinary fully paid shares listed on the ASX. The update confirms that, as of 18 March 2026, the company continues to ex...
Aristocrat Leisure Updates Market on Ongoing On-Market Share Buy-Back
Mar 16, 2026
Aristocrat Leisure Limited has reported a further on-market share buy-back under its existing capital management program, confirming that it repurchased 294,935 ordinary fully paid shares on the previous trading day. This brings the total number o...
Aristocrat Director Neil Chatfield Increases Shareholding in On‑Market Trade
Mar 15, 2026
Aristocrat Leisure has disclosed a change in director Neil Gregory Chatfield’s holding in the company, following an on‑market purchase of additional shares. Chatfield acquired 1,500 fully paid ordinary shares on 11 March 2026 for a tot...
Aristocrat Updates Market on Progress of On-Market Share Buy-Back
Mar 15, 2026
Aristocrat Leisure Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares under its existing program. The update, dated 16 March 2026, confirms that the company continue...
Aristocrat Leisure Updates Market on Progress of On‑Market Share Buy‑Back
Mar 12, 2026
Aristocrat Leisure has provided an updated notification to the ASX on the progress of its on‑market share buy‑back program for ordinary fully paid shares. The filing confirms the company is continuing to repurchase stock on market as p...
Aristocrat Leisure Continues On-Market Share Buy-Back Programme
Mar 11, 2026
Aristocrat Leisure Limited has updated the market on the progress of its on-market share buy-back program for its ordinary fully paid shares listed under the ASX code ALL. The company reported that a total of 17,975,238 shares had been repurchased...
Aristocrat Leisure Director Natasha Chand Increases Shareholding
Mar 9, 2026
Aristocrat Leisure has disclosed a change in the shareholding of director Natasha Chand, in line with ASX requirements for director interest notices. The filing provides transparency on director ownership levels and reinforces the company’s ...
Aristocrat Updates Market on Progress of On‑Market Share Buy‑Back
Mar 9, 2026
Aristocrat Leisure Limited has provided an updated notification to the ASX on progress under its on-market share buy-back program for its ordinary fully paid shares. The company reported that a total of 17,140,505 shares had been repurchased prior...
Aristocrat Leisure Updates Investors on Ongoing On-Market Share Buy-Back
Mar 8, 2026
Aristocrat Leisure Limited has provided an updated notification on its ongoing on-market share buy-back program for its ordinary fully paid shares traded under the ASX code ALL. The company reported that a cumulative 16,874,278 shares had been rep...
Aristocrat Leisure Updates Market on Ongoing On‑Market Share Buy-Back
Mar 5, 2026
Aristocrat Leisure Limited has updated the market on its ongoing on‑market share buy-back program for its ordinary fully paid shares. The company reported that a total of 16,559,445 shares had been repurchased prior to the latest trading day...
Aristocrat Leisure Continues On‑Market Share Buy-Back Program
Mar 4, 2026
Aristocrat Leisure Limited has provided an updated notification of its on-market share buy-back program for its ordinary fully paid shares, coded ALL on the ASX. The latest filing, dated 5 March 2026, confirms it repurchased 277,489 shares on the ...
Aristocrat Continues On‑Market Buy‑Back With Daily Share Repurchases
Mar 3, 2026
Aristocrat Leisure Limited has continued its on‑market share buy‑back program for its ordinary fully paid shares listed on the ASX under the code ALL. The company reported that, as of 4 March 2026, it had repurchased a cumulative 15,90...
Aristocrat Leisure Updates Market on Progress of On-Market Share Buy-Back
Mar 2, 2026
Aristocrat Leisure Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back program for its ordinary fully paid shares under the code ALL. The update specifies that the company is continuing to execute...
Aristocrat Leisure Updates Market on Progress of On-Market Share Buy-Back
Mar 1, 2026
Aristocrat Leisure Limited has provided an updated notification to the ASX regarding its on-market share buy-back of ordinary fully paid shares under code ALL. The company reported that, as of the latest daily update dated 2 March 2026, it has rep...
Aristocrat Continues On‑Market Share Buy‑Back With Daily ASX Update
Feb 26, 2026
Aristocrat Leisure Limited has provided an updated notification to the ASX confirming the ongoing execution of its on‑market share buy‑back program for its ordinary fully paid shares. The company reported that, as of 27 February 2026, ...
Aristocrat Leisure Reports Ongoing Daily On‑Market Share Buy‑Back
Feb 25, 2026
Aristocrat Leisure Limited has provided an updated notification of its ongoing on‑market share buy‑back, covering ordinary fully paid shares under its ASX code ALL. The company reported that a cumulative 14,430,717 shares had been repu...
Aristocrat Leisure Updates Market on Ongoing Share Buy-Back
Feb 25, 2026
Aristocrat Leisure Limited has issued an update on its ongoing on-market share buy-back program for its ordinary fully paid shares. The company reported that, as of 25 February 2026, it had repurchased a total of 14,031,689 shares before the previ...
Aristocrat Leisure Updates Market on Progress of On‑Market Share Buy‑Back
Feb 23, 2026
Aristocrat Leisure Limited has provided an updated notification to the ASX on its ongoing on‑market share buy‑back program for its ordinary fully paid shares. The latest daily report shows that the company had repurchased a cumulative ...
Aristocrat Updates Market on Progress of On-Market Share Buy-Back
Feb 22, 2026
Aristocrat Leisure Limited has provided an updated notification to the ASX regarding its ongoing on-market share buy-back of ordinary fully paid shares. The company is continuing a program first notified in February 2025, signalling active capital...
Aristocrat Leisure Cancels Over 2 Million Shares in On‑Market Buy‑Back
Feb 11, 2026
Aristocrat Leisure Limited has cancelled 2,091,753 ordinary fully paid shares as part of an on-market buy-back, effective 2 February 2026. The reduction in issued capital may enhance earnings per share and signals continued active capital manageme...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.