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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Tabcorp Holdings Limited    TAH   AU000000TAH8

TABCORP HOLDINGS LIMITED

(TAH)
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Morgan Stanley rates TAH as Equal-weight

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06/29/2020 | 08:37pm EDT

Tabcorp Holdings will be extending Jumbo Interactive's ((JIN)) online lottery re-seller contract agreement for seven years to circa July 2030.

Jumbo Interactive will pay a fee of -$15m on commencement with a service fee of 1.5% of the ticket price in FY21 which will increase to $2.5% in FY22 and 3.5% in FY23 and 4.65% thereafter.

Morgan Stanley notes the fee is a marginal benefit for the company and limits Jumbo Interactive from by-passing Tabcorp as a re-seller until 2030.

Morgan Stanley retains its Equal-weight rating with a target price of $2.60. Industry view: Cautious.

Sector: Consumer Services.

Target price is $2.60.Current Price is $3.34. Difference: ($0.74) - (brackets indicate current price is over target). If TAH meets the Morgan Stanley target it will return approximately -28% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2020 Acquisdata Pty Ltd., source FN Arena


Stocks mentioned in the article
ChangeLast1st jan.
JUMBO INTERACTIVE LIMITED 1.41% 12.22 End-of-day quote.-18.04%
MORGAN STANLEY -0.79% 51.4699 Delayed Quote.1.43%
TABCORP HOLDINGS LIMITED 0.89% 3.41 End-of-day quote.-24.72%
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Financials
Sales 2021 5 235 M 3 717 M 3 717 M
Net income 2021 298 M 211 M 211 M
Net Debt 2021 2 484 M 1 764 M 1 764 M
P/E ratio 2021 24,1x
Yield 2021 2,32%
Capitalization 7 542 M 5 344 M 5 355 M
EV / Sales 2021 1,92x
EV / Sales 2022 1,81x
Nbr of Employees 5 000
Free-Float 98,8%
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Technical analysis trends TABCORP HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 3,83 AUD
Last Close Price 3,41 AUD
Spread / Highest target 37,8%
Spread / Average Target 12,4%
Spread / Lowest Target -9,09%
EPS Revisions
Managers
NameTitle
David Robert Henry Attenborough CEO, Managing Director & Executive Director
Paula Jane Dwyer Chairman
Adam Newman Chief Financial Officer
Francoise Russo Chief Information Officer
Justin Trevor Milne Independent Non-Executive Director
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