Tabcorp Holdings Limited (TAH) - Research

$4.860 0.02 (0.41%)

TAH General Information +

ASX Code TAH
Website http://www.tabcorp.com.au
GICS Sub-Industry Casinos & Gaming
Market Cap ($M) 9,813
Current Price $4.860
Day High $4.890
Day Low $4.820
Last Close $4.840
Price Movement $0.02 ( 0.41% )
Prices as at 16:40, 20 Sep 2019
+Security prices are delayed by at least 20 minutes and are indicative only.

Recommendation


Tabcorp Holdings Limited (TAH)
BUY
below
HOLD
up to
SELL
above
Current Price
$4.860 as at 16:40, 20 Sep 2019

Price at review
$4.860 on 19 Sep 19

Max Portfolio Weighting

Business Risk

Share Price Risk

TAH Related Research

TAH Company Overview

Business Description

Tabcorp Holdings Limited (TAH) is into the provision of gambling and entertainment services. Tabcorp's portfolio of brands include TAB, Keno, The Lott , George, Max, TGS, eBET and Sky Racing .The Group has four operating segments namely Wagering and Media, Lotteries and Keno, Gaming Services and Sun Bets.

TAH Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2021 F 562.43 27.84 21.80% 17.46 28.00 5.76% 100.0%
2020 F 461.69 22.86 16.10% 21.26 23.00 4.73% 100.0%
2019 A 397.60 19.68 18.60% 23.61 22.00 4.73% 100.0%

TAH Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2019 A 2020 F 2021 F 2019 A 2020 F 2021 F 2019 A 2020 F 2021 F
Aristocrat Leisure (ALL) $19,897M 0.3335 0.2421 0.1662 30.1500 24.2736 20.8150 1.48% 1.77% 2.07%
Crown Resorts (CWN) $8,180M 0.3056 -0.0907 0.0173 20.4746 22.5163 22.1326 4.97% 4.97% 4.97%
The Star Entertainment Group (SGR) $3,935M 0.2784 0.1531 0.0356 19.1432 16.6022 16.0314 4.78% 4.88% 5.10%
SkyCity (SKC) $2,480M 0.0404 -0.1117 0.0582 15.3019 17.2253 16.2780 5.17% 5.07% 5.32%
Tabcorp (TAH) $9,773M 0.3903 0.0184 0.1238 24.7065 24.2607 21.5879 4.55% 4.51% 4.99%

TAH Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.68 24.70 1.36 3.54
Market 0.86 16.80 1.61 1.83
Sector 0.74 18.50 1.70 1.65

TAH Directors

Name Position Start Date
Mr David Attenborough Chief Executive Officer, Managing Director 9 Jun 2011
Dr Zygmunt (Ziggy) Edward Switkowski Non-Executive Director 2 Oct 2006
Mr Bruce John Akhurst Non-Executive Director 18 Jul 2017
Mr Harry Boon Non-Executive Director 22 Dec 2017
Ms Vickki Anne McFadden Non-Executive Director 18 Jul 2017
Mr Steven Gregg Non-Executive Director 18 Jul 2012
Mr Justin Milne Non-Executive Director 1 Aug 2011
Ms Paula Jane Dwyer Non-Executive Director, Non-Executive Chairman 30 Aug 2005

TAH Management

Name Position
Christopher Murphy Company Secretary
Michael Scott Company Secretary

TAH Substantial Shareholders

Holding Name
131,834,848 (6.56%) Australian Super Pty Ltd
119,313,410 (5.91%) Perpetual Limited and subsidiaries
106,462,742 (5.30%) The Vanguard Group Inc.
101,144,756 (5.01%) BlackRock Group

TAH Calendar of Events

Date Event
12 August 2020 Report (Annual)
12 August 2020 Report (Prelim)
12 February 2020 Report (Interim)
24 October 2019 AGM

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© 2017 Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only.