Tabcorp (TAH) Stock Price, Fundamentals & Analysis

What TAH does

Tabcorp (TAH) is a stock listed on the ASX in the Consumer Cyclical sector, specifically the Gambling industry. Headquartered in Melbourne, Australia, it operates through two segments: Wagering and Media, and Integrity Services. The Wagering and Media segment runs totalisator and fixed-odds betting on racing, sports, and other events through a network of TAB agencies, hotels, and clubs, as well as on-course operations, retail, web, mobile apps, and phone via a call centre. It also provides Trackside, a computer-simulated racing product, and international wagering and pooling services. The company operates the Sky Racing television channels broadcasting thoroughbred, harness, and greyhound racing, Sky Racing Active (a digital app for live and on-demand racing content), Sky Sports television channels, and the Sky Sports Radio network. The Integrity Services segment provides electronic gaming machine (EGM) monitoring and related services, along with products, technology, and services to licensed gaming venues. Tabcorp is part of the broader Australian consumer and gaming ecosystem that includes peers such as Aristocrat Leisure (ALL), Harvey Norman (HVN), and Wesfarmers (WES).

Key numbers explained

• The current price of 0.91 AUD reflects the latest trading value of one share on the ASX.
• The trailing P/E ratio of 45.5 is a valuation metric that shows how much investors pay per dollar of the company's last 12 months of earnings; a higher number can indicate high expectations for future growth or a relatively expensive price compared to earnings.
• The forward P/E ratio of 20.6 uses expected earnings rather than past earnings, offering a forward-looking view of how the market prices the stock relative to analyst estimates.
• The dividend yield of 3.3% is a yield measure that shows the annual dividend as a percentage of the current share price, indicating the cash return shareholders receive relative to the price they pay.
• The ex-dividend date of 31 aug. 2026 is the cutoff date; investors who own the stock before this date are eligible for the next dividend payment.
• A share of earnings paid out as dividends of 124% means the company distributed more in dividends than it earned over the trailing 12 months, which can signal a high payout or the use of reserves.
• The beta of 0.36 measures volatility relative to the market; a value below 1 suggests the stock has historically moved less than the broader market.
• The 52-week range of 0.66 – 1.19 shows the lowest and highest prices over the past year, while the price change over the last 52 weeks of -9.9% indicates the stock is down nearly 10% from a year ago.

What to watch

• Sector and industry dynamics: As a Gambling company in the Consumer Cyclical sector, Tabcorp's results can be influenced by consumer spending trends, regulatory changes, and competition from other operators like Aristocrat Leisure (ALL).
• Earnings and revenue trends: The next earnings date of 26 aug. 2026 will provide an update on performance; the trailing 12-month revenue of 2.64 mld. AUD and revenue growth of 0.5% show modest top-line expansion.
• Profitability and margins: The profit margin of 1.8% and operating margin of 7.7% indicate how much of each revenue dollar translates into profit and operating income, respectively.
• Capital structure and returns: The debt-to-equity ratio of 66 and return on equity of 3.7% offer insight into how the company finances its operations and the return it generates for shareholders.
• Valuation and price levels: The price-to-book ratio of 1.73 compares the market price to the company's book value, while the market cap of 2.09 mld. AUD reflects the total market value of its equity.