Obermatt

Tabcorp

ASX:TAH · AU000000TAH8
Hotels, Restaurants & LeisureMedium

360

70
EV / EBIT49
Price / Owner Earnings9
Owner Earnings Yield40
Dividend Yield73
Price/Sales88
EV / Gross Profit94
Price/Book56
Return on Capital39
Cash Return on Capital39
Return on Equity31
EBIT Margin27
Gross Profitability95
Cash Conversion89
Accruals65
Owner Earnings Margin34
Sales growth25
Profit Growth39
Long-Term EPS Growth87
Owner Earnings Growth67
Reinvestment47
Price momentum69
Debt load22
Refinancing8
Debt Payback19
Liquidity33
Analyst ratings18
Opinion Changes26
Price Target Upside49
Market mood5
Value Creation8/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Tabcorp clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryAustralia
IndustryHotels, Restaurants & Leisure
SizeMedium
TypePublic Company
ExchangeASX
Founded1994
Employees1,519
ISINAU000000TAH8
Last UpdateApr 2, 2026
Themes
Video StreamingEntertainment SystemsDigital MediaGamingMedia and EntertainmentTV

Description

Tabcorp Holdings Limited (Tabcorp) provides gambling, entertainment, and integrity services in Australia. Business Segments The company’s operational structure comprises two pivotal segments: Wagering and Media This segment is dedicated to facili…

Analysis

Middle-of-the-road

Tabcorp Holdings Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 60.9×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 21% a year, against analyst forecasts of 24%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 8/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
13
2023202420252026

All-time high

67

Jan 2023

All-time low

12

Mar 2025

Average rank

36

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
88
93
89
97
Price/Earnings
21
58
47
100
Price/Book
56
93
97
100
Dividend Yield
73
85
86
70
Value (overall)
65
91
97
94

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →