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Tabcorp Holdings Limited (AU:TAH)
:TAH
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Tabcorp Holdings Limited (TAH) AI Stock Analysis

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AU:TAH

Tabcorp Holdings Limited

(OTC:TAH)

Rating:56Neutral
Price Target:
AU$1.00
▲(35.14%Upside)
The overall stock score of 56 reflects significant financial challenges and valuation concerns. While the stock shows positive technical momentum, overvaluation risks and financial instability weigh heavily on its attractiveness.

Tabcorp Holdings Limited (TAH) vs. iShares MSCI Australia ETF (EWA)

Tabcorp Holdings Limited Business Overview & Revenue Model

Company DescriptionTabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. It operates through Wagering and Media, and Gaming Services segments. The Wagering and Media segment offers through a network of TAB agencies, hotels and clubs, and on-course operations, as well as through retail, Internet, mobile devices, and phone. It also provides Trackside, a computer simulate racing product; and international wagering and pooling services. In addition, the company engages in the Three Sky Racing television channels broadcasting thoroughbred, and harness and greyhound racing to audiences; Sky Racing Active, a digital app providing Sky Racing's live and on-demand racing content across thoroughbred, and harness and greyhound racing; and Sky Sports Radio network. The Gaming Services segment offers electronic gaming machine (EGM) monitoring and related services; provides EGM and systems supply and expertise; specialized services and strategic advice to licensed gaming venues; value-add services to venues, such as gaming and loyalty systems, business intelligence tools, and cashless and ticket in ticket out services; and logistics, installation, and relocation services, as well as EGMs, lottery and wagering terminals, and other transaction device repair and maintenance services. The company was founded in 1881 and is based in Melbourne, Australia.
How the Company Makes MoneyTabcorp 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 faces significant financial challenges, including declining revenues and negative profitability margins. Debt reduction and improved free cash flow are positive signs, but high leverage and operational inefficiencies remain concerns.
Income Statement
45
Neutral
The income statement highlights significant challenges for Tabcorp Holdings Limited. The company has experienced a notable decline in revenue over recent years, with a negative revenue growth rate from 2020 to 2024. Additionally, net profit margins have turned negative in recent years, driven by substantial net income losses. The negative EBIT and EBITDA margins indicate operational inefficiency and financial distress. Despite these challenges, revenue improved slightly in 2024 compared to 2023, suggesting a potential turnaround.
Balance Sheet
55
Neutral
The balance sheet reflects a mixed picture. The company has managed to reduce total debt from 2020 to 2024, which is a positive indicator. However, the debt-to-equity ratio remains high, indicating potential leverage risks. Stockholders' equity has declined significantly, impacting the equity ratio negatively. The return on equity has been erratic, with significant negative figures in recent years, highlighting profitability challenges.
Cash Flow
60
Neutral
Cash flow analysis shows some resilience. Free cash flow turned positive in 2024 after being negative in 2023, which is a positive sign. Operating cash flow remains stable but is lower compared to earlier years, suggesting operational challenges. The free cash flow to net income ratio is favorable due to negative net income, but this is not sustainable long-term. The company needs to focus on improving cash generation efficiency.
BreakdownJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income Statement
Total Revenue2.34B2.10B2.01B2.15B3.22B
Gross Profit2.34B342.60M236.50M297.80M910.00M
EBITDA-1.34B362.80M276.00M344.10M-194.00M
Net Income-1.36B66.50M6.78B269.00M-870.00M
Balance Sheet
Total Assets3.39B4.05B4.05B11.87B12.42B
Cash, Cash Equivalents and Short-Term Investments313.70M290.70M199.40M553.30M375.00M
Total Debt1.14B572.40M317.00M2.78B4.07B
Total Liabilities2.14B1.39B1.34B5.17B6.39B
Stockholders Equity1.25B2.66B2.71B6.70B6.03B
Cash Flow
Free Cash Flow84.80M-77.60M534.50M537.70M381.00M
Operating Cash Flow245.20M119.30M737.00M719.50M671.00M
Investing Cash Flow-739.70M-130.00M-455.70M-37.60M-292.00M
Financing Cash Flow517.50M102.00M-506.30M-607.20M-493.00M

Tabcorp Holdings Limited Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.74
Price Trends
50DMA
0.74
Positive
100DMA
0.68
Positive
200DMA
0.63
Positive
Market Momentum
MACD
<0.01
Positive
RSI
45.54
Neutral
STOCH
41.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:TAH, the sentiment is Neutral. The current price of 0.74 is below the 20-day moving average (MA) of 0.77, below the 50-day MA of 0.74, and above the 200-day MA of 0.63, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 45.54 is Neutral, neither overbought nor oversold. The STOCH value of 41.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:TAH.

Tabcorp Holdings Limited Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
€647.83M15.9137.11%4.96%16.41%18.97%
68
Neutral
AU$11.95B32.10115.26%3.45%12.08%20.36%
61
Neutral
$16.45B10.04-8.59%3.35%1.53%-21.72%
56
Neutral
AU$1.70B-42.74%1.74%0.73%-11.04%
53
Neutral
AU$409.26M-30.20%32.10%
41
Neutral
$263.69M-127.99%-16.00%3.57%
40
Underperform
AU$317.91M-99.47%76.49%-75.29%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:TAH
Tabcorp Holdings Limited
0.74
0.17
29.63%
AU:SGR
Star Entertainment Group Limited
0.09
-0.44
-83.81%
AU:JIN
Jumbo Interactive Limited
10.34
-4.05
-28.13%
AU:PBH
PointsBet Holdings
1.22
0.72
141.58%
AU:BBT
BlueBet Holdings Ltd.
0.31
0.10
47.62%
AU:TLC
Lottery Corporation Limited
5.37
0.71
15.24%

Tabcorp Holdings Limited Corporate Events

Tabcorp Announces Change in Substantial Shareholding
Jul 29, 2025

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
Jul 8, 2025

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
May 5, 2025

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.

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.Date of analysis: Jul 19, 2025