Tabcorp (TABCF) Stock Price, News & Analysis

Company Overview

Tabcorp Holdings Limited is an Australian gambling and entertainment company headquartered in Melbourne. Its principal business is wagering, delivered through the TAB brand across retail outlets, online platforms and mobile applications. TAB offers betting on thoroughbred, harness and greyhound racing, as well as a range of sporting events.

Tabcorp also operates Sky Racing, a racing media and broadcasting business that provides live coverage, race information and related content to wagering customers and industry participants. Through its wagering and media operations, the company serves customers primarily in Australia.

Tabcorp was established in 1994 following the privatization of the Victorian Totalizator Agency Board. The company previously operated lotteries and keno businesses, which were separated from Tabcorp in 2022 and became part of The Lottery Corporation. Tabcorp is led by Chief Executive Officer Gillon McLachlan.

Key Stats

• Today's Range: $0.63 to $0.63
• 50-Day Range: $0.63 to $0.63
• 52-Week Range: $0.63 to $0.80
• Volume: N/A
• Average Volume: 1,762 shs
• Market Capitalization: N/A
• P/E Ratio: 3.67
• Dividend Yield: 25.48%
• Price Target: $1.25
• Consensus Rating: Hold

Tabcorp Stock Analysis - MarketRank™

Tabcorp scored higher than 68% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Tabcorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, 1 buy rating, no hold ratings, and 1 sell rating.

Upside Potential

Tabcorp has a consensus price target of $1.25, representing about 99.1% upside from its current price of $0.63.

Amount of Analyst Coverage

Tabcorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Tabcorp is 3.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 36.59.

Price to Earnings Ratio vs. Sector

The P/E ratio of Tabcorp is 3.67, which means that it is trading at a less expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 43.56.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Tabcorp has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Tabcorp has recently decreased by 42.96%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Tabcorp is a leading dividend payer. It pays a dividend yield of 4.17%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Tabcorp does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Tabcorp is 93.57%. Payout ratios above 75% are not desirable because they may not be sustainable.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: N/A

News Sentiment

Tabcorp has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Tabcorp this week, compared to 0 articles on an average week.

Company Ownership

• Score: 0.2 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Tabcorp insiders have not sold or bought any company stock.

Percentage Held by Institutions

17.65% of the stock of Tabcorp is held by institutions.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Consumer Discretionary
• Industry: Hotels, Restaurants & Leisure
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:TABCF
• Previous Symbol: OTC:TABCF
• CIK: N/A
• Web: www.tabcorp.com.au
• Phone: 61.3.9246.6010
• Fax: N/A
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Tabcorp: $1.25
• High Price Target: $1.25
• Low Price Target: $1.25
• Potential Upside/Downside: +99.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: 3.67
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A