Tabcorp Holdings Limited (TAH) - Research

$4.580 0.01 (0.22%)

TAH General Information +

ASX Code TAH
Website http://www.tabcorp.com.au
GICS Sub-Industry Casinos & Gaming
Market Cap ($M) 9,248
Current Price $4.580
Day High $4.600
Day Low $4.540
Last Close $4.570
Price Movement $0.01 ( 0.22% )
Prices as at 16:40, 18 Jun 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
$4.580 as at 16:40, 18 Jun 2019

Price at review
$4.580 on 13 Feb 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 (%)
2020 F 492.12 24.45 13.30% 18.73 24.00 5.24% 100.0%
2019 F 434.17 21.57 29.90% 21.23 22.00 4.80% 100.0%
2018 A 246.20 16.60 -22.60% 27.45 21.00 4.61% 100.0%

TAH Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2018 A 2019 F 2020 F 2018 A 2019 F 2020 F 2018 A 2019 F 2020 F
Aristocrat Leisure (ALL) $19,731M 0.3335 0.2501 0.1594 29.8984 23.9164 20.6275 1.49% 1.78% 2.09%
Crown Resorts (CWN) $7,997M -0.0492 0.2060 0.0684 26.1341 21.6697 20.2816 5.08% 5.08% 5.08%
The Star Entertainment Group (SGR) $3,523M -0.4758 0.4803 0.0759 21.9053 14.7977 13.7536 5.34% 5.38% 5.39%
SkyCity (SKC) $2,414M 0.1320 0.0082 -0.1110 15.4045 15.2796 17.1867 5.12% 5.55% 5.75%
Tabcorp (TAH) $9,228M -0.4302 0.4173 0.1057 32.4344 22.8843 20.6975 4.60% 4.70% 5.14%

TAH Market Comparison

Earnings P/E Ratio P/B Ratio P/E Growth
Company 0.78 23.20 1.27 0.92
Market 0.88 17.10 1.49 1.65
Sector 0.93 16.40 1.82 1.01

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
Damien Johnston Chief Financial Officer
Adam Rytenskild Chief Operating Officer Keno & Gaming, Chief Operating Officer Wagering and Media, Managing Director
Christopher Murphy Company Secretary
Michael Scott Company Secretary
Frank Makryllos Managing Director Gaming Services
Sue van der Merwe Managing Director Lotteries and Keno

TAH Substantial Shareholders

Holding Name
76,753,683 (9.19%) Perpetual Limited and subsidiaries
131,834,848 (6.56%) Australian Super Pty Ltd
116,082,764 (5.77%) BlackRock Group
106,462,742 (5.29%) The Vanguard Group Inc.

TAH Calendar of Events

Date Event
12 February 2020 Report (Interim)
07 August 2019 Report (Annual)
07 August 2019 Report (Prelim)

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