Tabcorp Holdings Limited (TAH) AI Stock Analysis

• Market Cap: AU$2.32B
• Dividend Yield: 1.97%
• Average Volume (3M): 8.08M
• Price to Earnings (P/E): 63.4
• Beta (1Y): 1.39
• Revenue Growth: 8.62%
• EPS Growth: N/A
• Country: AU
• Employees: 5,000
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Gambling, Resorts & Casinos
• EPS (TTM): 0.01
• Shares Outstanding: 2,286,248,300
• 10 Day Avg. Volume: 9,081,141
• 30 Day Avg. Volume: 8,082,424
• PEG Ratio: -0.43
• Price to Book (P/B): 1.30
• Price to Sales (P/S): 0.62
• P/FCF Ratio: 5.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: AU$0.97
• Price Target Upside: -4.59% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7

• Rating: 57 Neutral
• Price Target: AU$1.00 ▼(-1.96% Downside)

The overall stock score of 57 reflects a mixed outlook for Tabcorp Holdings Limited. The company's financial performance shows recovery signs, but profitability remains a concern. Technical indicators suggest strong bullish momentum, though overbought conditions warrant caution. The high P/E ratio indicates potential overvaluation, and the modest dividend yield offers limited income potential.

Tabcorp Holdings Limited Business Overview & Revenue Model

Company Description

Tabcorp Holdings Limited (TAH) is a leading Australian gambling and entertainment company. It operates within various sectors, including wagering, media, and gaming services. The company's core products and services encompass sports and racing betting, lotteries, and Keno, delivered through multiple platforms including retail, online, and mobile applications. Tabcorp's media division also provides broadcasting and digital services related to racing and sports content.

How the Company Makes Money

Tabcorp Holdings Limited generates revenue primarily through its wagering and media operations. The wagering division accounts for a significant portion of its income, derived from betting on horse racing, sports, and other events via physical retail outlets, online platforms, and mobile applications. The company's media segment contributes to earnings by offering broadcasting services, licensing content, and selling advertising. The gaming services segment provides additional revenue through the supply of electronic gaming machines and related services to licensed venues. Strategic partnerships with racing bodies, sports organizations, and media entities enhance its service offerings and market reach, further driving revenue growth.

Tabcorp Holdings Limited Financial Statement Overview

Summary

Tabcorp Holdings Limited is showing signs of recovery with positive revenue growth and improved cash flow metrics. However, profitability remains a concern with low net profit margins. The balance sheet reflects a stable capital structure with reduced leverage.

Income Statement

Tabcorp Holdings Limited has shown a positive revenue growth rate of 5.85% in the latest year, indicating a recovery from previous declines. The gross profit margin remains strong at 100%, but the net profit margin is relatively low at 1.40%, suggesting limited profitability. The EBIT and EBITDA margins have improved, reflecting better operational efficiency, but still indicate room for improvement.

Balance Sheet

The company's debt-to-equity ratio has decreased to 0.69, showing improved leverage management. Return on equity is modest at 2.92%, indicating moderate profitability relative to shareholder equity. The equity ratio is stable, suggesting a balanced capital structure, but the company should focus on enhancing returns.

Cash Flow

Tabcorp's free cash flow growth rate is impressive at 101.75%, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.56, showing a healthy conversion of income to cash. The free cash flow to net income ratio is 0.71, suggesting efficient cash utilization.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.39B	2.61B	2.34B	2.10B	2.01B	2.15B
Gross Profit	424.30M	2.61B	2.34B	342.60M	236.50M	297.80M
EBITDA	365.20M	368.80M	-1.34B	362.80M	276.00M	344.10M
Net Income	36.60M	36.60M	-1.36B	66.50M	6.78B	269.00M
Balance Sheet
Total Assets	3.14B	3.14B	3.39B	4.05B	4.05B	11.87B
Cash, Cash Equivalents and Short-Term Investments	236.50M	236.50M	313.70M	290.70M	199.40M	553.30M
Total Debt	862.60M	862.60M	1.14B	572.40M	317.00M	2.78B
Total Liabilities	1.89B	1.89B	2.14B	1.39B	1.34B	5.17B
Stockholders Equity	1.25B	1.25B	1.25B	2.66B	2.71B	6.70B
Cash Flow
Free Cash Flow	288.70M	288.70M	84.80M	-77.60M	534.50M	537.70M
Operating Cash Flow	406.50M	406.50M	245.20M	119.30M	737.00M	719.50M
Investing Cash Flow	-117.00M	-117.00M	-739.70M	-130.00M	-455.70M	-37.60M
Financing Cash Flow	-366.70M	-366.70M	517.50M	102.00M	-506.30M	-607.20M

Tabcorp Holdings Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TAH, the sentiment is Positive. The current price of 1.02 is above the 20-day moving average (MA) of 0.94, above the 50-day MA of 0.82, and above the 200-day MA of 0.68, indicating a bullish trend. The MACD of 0.07 indicates Positive momentum. The RSI at 65.79 is Neutral, neither overbought nor oversold. The STOCH value of 40.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:TAH.

Tabcorp Holdings Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JIN	76 Outperform	695.22M	17.38	33.01%	4.89%	-8.81%	-6.84%
TLC	69 Neutral	13.22B	36.15	113.58%	2.78%	-6.28%	-11.67%
TAH	57 Neutral	AU$2.32B	63.44	2.89%	1.97%	8.62%	―
PBH	53 Neutral	422.32M	-22.17	0.00%	―	6.47%	60.03%
SGR	41 Neutral	300.95M	-0.64	0.00%	―	-31.07%	71.98%
BBT	40 Underperform	284.61M	-25.94	0.00%	―	126.29%	95.17%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%

Tabcorp Holdings Limited Corporate Events

Tabcorp Announces Change in Substantial Shareholding

Tabcorp Holdings Limited announced that Aware Super Pty Ltd has ceased to be a substantial shareholder as of July 24, 2025. This change in shareholding is subject to various restrictions imposed by legislation and the company’s constitution, which limit the percentage of shares and voting power a shareholder can have without government approval. The announcement reflects the regulatory environment in which Tabcorp operates, emphasizing the importance of compliance with shareholding restrictions to maintain its operational integrity.

The most recent analyst rating on (AU:TAH) stock is a Buy with a A$0.58 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.

Tabcorp Announces Cessation of Securities

Tabcorp Holdings Limited announced the cessation of 416,228 securities, specifically options expiring on August 31, 2027, with an exercise price of $0.8923. This move is part of the company’s capital management strategy, potentially impacting its financial structure and signaling a shift in its securities management approach.

The most recent analyst rating on (AU:TAH) stock is a Buy with a A$0.58 price target. To see the full list of analyst forecasts on Tabcorp Holdings Limited stock, see the AU:TAH Stock Forecast page.

Tabcorp CEO to Present at Macquarie Australia Conference

Tabcorp Holdings Limited announced that its Managing Director and CEO, Gillon McLachlan, will deliver a presentation at the Macquarie Australia Conference. This event is significant for Tabcorp as it provides an opportunity to showcase its strategic direction and operational updates to investors and stakeholders, potentially influencing the company’s market perception and future engagements.