Lottomatica Group S.P.A. (IT:LTMC)
:LTMC
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Lottomatica Group S.P.A.
(LTMC)
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Rating:61Neutral
Price Target:
€28.00
▲(0.83% Upside)
Action:Reiterated
Date:05/14/26
The score is mainly supported by strong recent growth, healthy operating margins, and robust free cash flow, but is held back by very high leverage on the balance sheet. Technicals are neutral-to-slightly positive, and valuation is reasonable but not especially attractive given the modest dividend yield.
Positive Factors
Revenue Growth Momentum
Sustained TTM revenue growth of +68.7% signals durable expansion of customer activity and product take-up across channels. Over 2-6 months this supports scale economics, stronger negotiating leverage with suppliers, and a larger base for margin and cash-flow resilience.
Negative Factors
Very High Leverage
Extremely elevated debt-to-equity (~6.0x) materially constrains financial flexibility. Over 2-6 months this raises refinancing and interest-rate sensitivity, limits capacity for M&A or large investments, and increases default risk if cash flow weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth Momentum
Sustained TTM revenue growth of +68.7% signals durable expansion of customer activity and product take-up across channels. Over 2-6 months this supports scale economics, stronger negotiating leverage with suppliers, and a larger base for margin and cash-flow resilience.
Read all positive factors
Lottomatica Group S.P.A. (LTMC) vs. iShares MSCI Italy ETF (EWI)
Market Cap
€6.31B
Dividend Yield1.33%
Average Volume (3M)1.14M
Price to Earnings (P/E)21.9
Beta (1Y)0.37
Revenue Growth5.27%
EPS Growth66.36%
CountryIT
Employees2,494
SectorConsumer Cyclical
Sector Strength84
IndustryGambling, Resorts & Casinos
Share Statistics
EPS (TTM)0.79
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
€30.80Price Target Upside10.91% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering8
EPS Forecast (FY)1.89
Revenue Forecast (FY)€2.43B
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
38
Negative
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.26B | 2.25B | 2.00B | 1.65B | 1.41B | 815.41M |
| Gross Profit | 919.45M | 901.73M | 655.50M | 669.26M | 516.32M | 644.36M |
| EBITDA | 746.56M | 712.41M | 630.73M | 545.89M | 406.73M | 175.82M |
| Net Income | 190.47M | 174.29M | 98.60M | 68.30M | 72.12M | -57.56M |
Balance Sheet | ||||||
| Total Assets | 3.46B | 3.50B | 3.44B | 3.28B | 2.76B | 2.16B |
| Cash, Cash Equivalents and Short-Term Investments | 125.34M | 148.90M | 194.55M | 296.47M | 237.00M | 153.62M |
| Total Debt | 2.06B | 2.06B | 2.09B | 2.13B | 1.86B | 1.52B |
| Total Liabilities | 3.07B | 3.13B | 2.87B | 2.74B | 2.65B | 2.15B |
| Stockholders Equity | 340.77M | 325.07M | 517.97M | 498.37M | 51.39M | -24.42M |
Cash Flow | ||||||
| Free Cash Flow | 471.62M | 446.85M | 460.64M | 284.30M | 320.95M | 80.59M |
| Operating Cash Flow | 587.63M | 509.79M | 524.34M | 407.53M | 412.01M | 130.38M |
| Investing Cash Flow | -274.06M | -295.61M | -341.35M | -640.88M | -533.28M | -794.68M |
| Financing Cash Flow | -426.11M | -234.44M | -313.52M | 293.19M | 231.10M | 643.50M |
Lottomatica Group S.P.A. Technical Analysis
Neutral
27.77
Price Trends
25.35
Negative
23.17
Positive
22.45
Positive
Market Momentum
0.05
Positive
46.71
Neutral
16.88
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IT:LTMC, the sentiment is Neutral. The current price of 27.77 is above the 20-day moving average (MA) of 25.55, above the 50-day MA of 25.35, and above the 200-day MA of 22.45, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 46.71 is Neutral, neither overbought nor oversold. The STOCH value of 16.88 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | €6.58B | 12.38 | 8.81% | 4.33% | -1.20% | 3.37% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | €6.31B | 21.93 | ― | 1.33% | 5.27% | 66.36% | |
56 Neutral | €5.68B | 27.09 | 26.02% | 0.95% | 10.12% | 13.11% | |
48 Neutral | €94.84M | -3.03 | -18.69% | ― | -8.30% | 55.18% | |
45 Neutral | €1.26B | -27.58 | -21.64% | 1.24% | -5.66% | 27.38% | |
40 Underperform | €824.48M | -120.42 | -169.98% | ― | 0.70% | 11.26% |
* Consumer Cyclical Sector Average
IT:LTMC
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Lottomatica Group S.P.A. Corporate Events
Lottomatica Lifts Treasury Stake Above 6.6% With New Buyback Tranche
May 13, 2026
Lottomatica Group S.p.A. has continued its authorized share buyback program, repurchasing 90,000 ordinary shares between May 7 and 8, 2026, at an average price of €27.5959 for a total consideration of about €2.48 million. The trades, e...
Lottomatica Publishes Board Resolution on New Bond Issue
May 8, 2026
Lottomatica Group S.p.A. has disclosed that its Board of Directors, on 20 April 2026, approved the issue and placement of a new bond loan, and the related resolution has now been made publicly available at its registered office and through designa...
Lottomatica Publishes Shareholders’ Meeting Minutes and Updated Articles of Association
May 6, 2026
Lottomatica Group S.p.A. has published the minutes of its Ordinary and Extraordinary Shareholders’ Meeting held on 20 April 2026, making them available at its Rome headquarters, on its corporate website and via the authorized storage platfor...
Lottomatica lifts Q1 earnings, cuts debt costs and targets top-range 2026 EBITDA
May 6, 2026
Lottomatica Group reported a solid first quarter of 2026, with total bets rising 11% year-on-year to €12.4 billion and gross gaming revenue up 2% to €1.25 billion. The company strengthened its position in Italy’s online market, l...
Lottomatica Lifts Treasury Stake With Fresh €4 Million Share Buyback
Apr 22, 2026
Lottomatica Group S.p.A. has continued its share buyback programme, repurchasing 150,024 ordinary shares between 13 and 17 April 2026 at an average price of €26.9085, for a total outlay of about €4.04 million. The trades, executed on t...
Lottomatica Approves 2025 Accounts and Sets €0.44 Dividend
Apr 21, 2026
Lottomatica Group S.p.A. shareholders approved the 2025 annual financial statements and authorized a dividend distribution of €0.44 per outstanding ordinary share, excluding any treasury shares held at the record date. The dividend will be p...
Lottomatica Prices €765 Million Senior Secured Notes to Refinance Debt and Cut Interest Costs
Apr 21, 2026
Lottomatica Group S.p.A. has priced €765 million of 4.625% senior secured notes due 2032 at par, with closing expected on May 7, 2026, and plans to list the securities on the Luxembourg Stock Exchange’s Euro MTF Market and obtain a sec...
Lottomatica to Issue €765 Million in New Senior Secured Notes Due 2032
Apr 21, 2026
Lottomatica Group S.p.A. has launched an offering of €765 million senior secured notes due 2032, placed privately with institutional investors under Rule 144A and Regulation S. The notes will be secured against key bank accounts, intercompan...
Lottomatica Approves 2025 Results, Dividend and New Governance Slate
Apr 20, 2026
Lottomatica’s shareholders approved the 2025 annual financial statements, confirmed strong growth with consolidated revenues of €2.26 billion and a 12.5% year-on-year increase, and backed a dividend of €0.44 per share from retain...
Lottomatica Lifts Treasury Stake with New €3.8 Million Buyback Tranche
Apr 15, 2026
Lottomatica Group has continued its previously announced share buyback programme, repurchasing 143,000 ordinary shares between 7 and 10 April 2026 at an average price of €26.3612, for a total outlay of about €3.77 million. The purchase...
Lottomatica Lifts Treasury Stake to 6.458% as Buyback Advances
Apr 8, 2026
Lottomatica Group has continued its share buyback programme authorised by shareholders, repurchasing 238,986 ordinary shares between 30 March and 2 April 2026. The buys, executed on MTAA at an average price of €25.0587 for a total of about &...
Lottomatica Publishes Subsidiary and Affiliate Financial Statements at Rome Headquarters
Apr 2, 2026
Lottomatica Group S.p.A. has made available to the public the most recent financial statements of its subsidiaries, along with a summary of key figures from the financial statements of its affiliated companies. The documents can be consulted at th...
Lottomatica Lifts Treasury Stake Above 6% With Latest Buyback
Apr 1, 2026
Lottomatica Group S.p.A. has continued its share buyback programme, repurchasing 200,000 ordinary shares between 23 and 27 March 2026 at a weighted average price of €25.1639, for a total outlay of about €5.03 million. The purchases, ex...
Lottomatica Lifts Treasury Stake Above 6% With Latest Share Buyback Tranche
Apr 1, 2026
Lottomatica Group has continued its authorized share buyback program, repurchasing 200,000 ordinary shares between 23 and 27 March 2026 at an average price of €25.1639, for a total outlay of about €5 million. The operation, executed in...
Lottomatica Publishes Candidate Slates Ahead of April Shareholders’ Meeting
Mar 30, 2026
Lottomatica Group has published the candidate lists for its upcoming renewal of the Board of Directors and the Board of Statutory Auditors. The slates, along with required documentation, are now available to the public at the company’s Rome ...
Lottomatica Receives Governance Slates Ahead of April Shareholders’ Meeting
Mar 27, 2026
Lottomatica has disclosed that two slates of candidates have been filed for the renewal of its Board of Directors ahead of the 20 April 2026 shareholders’ meeting. One slate, submitted by shareholder Faro Games S.r.l. holding 1.06% of voting...
Lottomatica Expands Treasury Stake With New €4 Million Share Buyback Tranche
Mar 25, 2026
Lottomatica Group S.p.A. has continued its previously announced share buyback program, repurchasing 162,037 ordinary shares between 16 and 20 March 2026 at an average price of €25.0122 per share, for a total outlay of about €4.05 milli...
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...
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.