Lottomatica Group S.P.A. (IT:LTMC)
:LTMC
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Lottomatica Group S.P.A.
(LTMC)
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Rating:65Neutral
Price Target:
€26.00
▼(-1.40% Downside)
Action:ReiteratedDate:03/21/26
The score is driven primarily by improved profitability and strong cash generation, partly offset by high leverage that constrains resilience. Technicals are supportive with a clear uptrend, while the overall rating is held back by a high P/E and modest dividend yield.
Positive Factors
Free Cash Flow
Sizable recurring free cash flow (~€441M TTM) provides structural capacity to service debt, fund technology and product investment, and support shareholder returns. Durable cash generation from gaming operations underpins financial flexibility over the next 2–6 months.
Negative Factors
High Leverage
A heavily debt-funded capital structure (≈€2.1B; D/E >4x) materially limits financial flexibility, raises refinancing and interest-rate vulnerability, and constrains capacity for M&A or increased capex if earnings weaken, posing a persistent structural risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Free Cash Flow
Sizable recurring free cash flow (~€441M TTM) provides structural capacity to service debt, fund technology and product investment, and support shareholder returns. Durable cash generation from gaming operations underpins financial flexibility over the next 2–6 months.
Read all positive factors
Lottomatica Group S.P.A. (LTMC) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€6.64B
Dividend Yield1.33%
Average Volume (3M)1.14M
Price to Earnings (P/E)32.0
Beta (1Y)0.28
Revenue Growth19.77%
EPS Growth170.73%
CountryIT
Employees2,494
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.73
Shares Outstanding251,630,420
10 Day Avg. Volume896,407
30 Day Avg. Volume1,136,683
Financial Highlights & Ratios
PEG Ratio0.40
Price to Book (P/B)17.15
Price to Sales (P/S)2.48
P/FCF Ratio12.47
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€30.20Price Target Upside14.52% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)1.88
Revenue Forecast (FY)€2.44B
Lottomatica Group S.P.A. Business Overview & Revenue Model
Company Description
Lottomatica Group S.p.A., together with its subsidiaries, operates in the gaming market in Italy. The company operates through three segments: Online, Sports Franchise, and Gaming Franchise. The Online segment provides a range of online games, suc...
How the Company Makes Money
Lottomatica makes money primarily by earning a margin on wagers and stakes placed by customers across its regulated gaming and betting offerings. In sports betting, the company collects stakes and pays out winnings, retaining the difference (the “...
Lottomatica Group S.P.A. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
46
Neutral
Cash Flow
70
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.25B | 2.00B | 1.65B | 1.41B | 815.41M |
| Gross Profit | 901.73M | 655.50M | 669.26M | 516.32M | 644.36M |
| EBITDA | 712.41M | 630.73M | 545.89M | 406.73M | 175.82M |
| Net Income | 174.29M | 98.60M | 68.30M | 72.12M | -57.56M |
Balance Sheet | |||||
| Total Assets | 3.50B | 3.44B | 3.28B | 2.76B | 2.16B |
| Cash, Cash Equivalents and Short-Term Investments | 148.90M | 194.55M | 296.47M | 237.00M | 153.62M |
| Total Debt | 2.06B | 2.09B | 2.13B | 1.86B | 1.52B |
| Total Liabilities | 3.13B | 2.87B | 2.74B | 2.65B | 2.15B |
| Stockholders Equity | 325.07M | 517.97M | 498.37M | 51.39M | -24.42M |
Cash Flow | |||||
| Free Cash Flow | 446.85M | 460.64M | 284.30M | 320.95M | 80.59M |
| Operating Cash Flow | 509.79M | 524.34M | 407.53M | 412.01M | 130.38M |
| Investing Cash Flow | -295.61M | -341.35M | -640.88M | -533.28M | -794.68M |
| Financing Cash Flow | -234.44M | -313.52M | 293.19M | 231.10M | 643.50M |
Lottomatica Group S.P.A. Technical Analysis
Positive
26.37
Price Trends
22.61
Positive
22.03
Positive
22.46
Positive
Market Momentum
0.74
Positive
62.49
Neutral
56.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:LTMC, the sentiment is Positive. The current price of 26.37 is above the 20-day moving average (MA) of 24.99, above the 50-day MA of 22.61, and above the 200-day MA of 22.46, indicating a bullish trend. The MACD of 0.74 indicates Positive momentum. The RSI at 62.49 is Neutral, neither overbought nor oversold. The STOCH value of 56.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IT:LTMC.
Lottomatica Group S.P.A. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | €6.64B | 31.98 | ― | 1.33% | 19.77% | 170.73% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | €6.22B | 11.72 | 8.81% | 4.33% | 1.64% | 14.73% | |
56 Neutral | €5.49B | 49.54 | 26.02% | 0.95% | 10.35% | 15.89% | |
52 Neutral | €1.26B | -7.18 | -21.64% | 1.24% | -8.65% | -1512.63% | |
49 Neutral | €864.93M | -120.42 | -169.98% | ― | 16.51% | 74.26% | |
48 Neutral | €101.98M | -7.08 | -18.69% | ― | -5.49% | -62.25% |
* Consumer Cyclical Sector Average
IT:LTMC
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26.37
8.92
51.07%
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Lottomatica Group S.P.A. Corporate Events
Lottomatica Publishes 2025 Annual Report and Governance Documents
Mar 19, 2026
Lottomatica Group S.p.A. has published its Annual Financial Report as of 31 December 2025, together with the draft separate and consolidated financial statements, directors’ report including consolidated sustainability reporting, and the rep...
Lottomatica Publishes 2025 Annual Report and Details 2026–2028 Stock Option Plan
Mar 18, 2026
Lottomatica Group S.p.A. has made its Annual Financial Report for the year ended 31 December 2025 available to the public, including separate and consolidated financial statements, a management report with a consolidated sustainability report comp...
Lottomatica Lifts Treasury Stake to 6.2% with New Share Buybacks
Mar 18, 2026
Lottomatica Group S.p.A. has continued its share buyback programme, repurchasing 12,490 ordinary shares between 9 and 13 March 2026 at an average price of €24.5727, for a total outlay of €306,913.53. The trades, executed on the MTAA ma...
Lottomatica Calls 2026 Shareholders’ Meeting to Reset Governance and Capital Tools
Mar 11, 2026
Lottomatica Group S.p.A. has convened an ordinary and extraordinary shareholders’ meeting for 20 April 2026, to be held exclusively via telecommunication with voting exercised through an appointed representative in line with extended Italian...
Lottomatica Calls 2026 Shareholders’ Meeting to Renew Governance and Adjust Capital Structure
Mar 11, 2026
Lottomatica Group S.p.A. has called an ordinary and extraordinary shareholders’ meeting for 20 April 2026, to be held exclusively via telecommunication with voting exercised through a designated representative. The company’s share capi...
Lottomatica Lifts Treasury Stake to 6.2% with New Buybacks
Mar 11, 2026
Lottomatica Group S.p.A. has continued its share buyback programme, repurchasing 122,298 ordinary shares between 2 and 6 March 2026 at an average price of €20.9957 per share, for a total outlay of about €2.57 million. The purchases, ca...
Lottomatica Publishes Governance Guidelines Ahead of April Shareholders’ Meeting
Mar 10, 2026
Lottomatica Group S.p.A. has published guidelines from its Board of Directors and Board of Statutory Auditors ahead of a shareholders’ meeting scheduled for 20 April 2026. The documents, which outline the desired quantitative and qualitative...
Lottomatica Expands Buyback, Corrects Previous Treasury Share Disclosures
Mar 4, 2026
Lottomatica Group S.p.A. continued its authorised share buyback, purchasing 217,500 ordinary shares, equal to 0.086% of its free float, between 23 and 27 February 2026 at an average price of €20.5452, for a total outlay of about €4.47 ...
Lottomatica Lifts Profit and Online Share, Plans Bigger Buybacks for 2026
Mar 3, 2026
Lottomatica Group reported strong 2025 results, with bets rising 14% to €45 billion, revenues up 12% to €2.26 billion, and Adjusted EBITDA jumping 21% to €856 million. Adjusted net profit surged 45% to €369 million, online ...
Lottomatica Lifts Treasury Stake to 6.27% with February Share Buybacks
Feb 25, 2026
Lottomatica Group S.p.A. has continued its share buyback programme, repurchasing 240,000 ordinary shares between 16 and 20 February 2026 at an average price of €20.4644, for a total outlay of about €4.9 million. Executed on the MTAA ve...
Lottomatica Lifts Treasury Stake Above 6% With Latest Buybacks
Feb 19, 2026
Lottomatica Group S.p.A. continued its ongoing share buyback programme, repurchasing 279,776 ordinary shares between 9 and 13 February 2026 at an average price of €20.5108, for a total outlay of about €5.74 million. The purchases, carr...
Lottomatica Adds €5.3 Million to Ongoing Buyback
Feb 4, 2026
The company repurchased 256,763 shares between 26 and 30 January 2026 at an average €20.7808, investing €5.34 million and lifting total treasury holdings to 14,982,175 shares, or 5.954% of capital; the independently executed buybacks u...
Lottomatica Lifts Treasury Stake to 5.85% with Latest Buyback Tranche
Jan 28, 2026
Lottomatica Group has continued its share buyback programme, repurchasing 190,000 ordinary shares between 19 and 23 January 2026, equal to 0.076% of its outstanding stock, at an average price of €20.5191 per share for a total outlay of ̈́...
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.