Tabcorp Holdings Ltd
ASX:TAH

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Tabcorp Holdings Ltd
ASX:TAH
Watchlist
Price: 0.565 AUD -1.74% Market Closed
Market Cap: 1.3B AUD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one TAH stock under the Base Case scenario is 1.723 AUD. Compared to the current market price of 0.565 AUD, Tabcorp Holdings Ltd is Undervalued by 67%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

TAH Relative Value
Base Case
1.723 AUD
Undervaluation 67%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

0.5
P/S
P/S
Price to Sales
0.5
vs History
58
vs Industry
74
Median 3Y
0.7
Median 5Y
0.6
Industry
1.4
Forward
0.5
More Details
Negative
P/E
P/E
Price to Earnings
N/A
vs History
vs Industry
26
Median 3Y
0.3
Median 5Y
0.3
Industry
19.1
Forward
30.2
More Details
4.4
P/OCF
P/OCF
Price to OCF
4.4
vs History
41
vs Industry
57
Median 3Y
4.7
Median 5Y
3.1
Industry
9.4
More Details
29.6
P/FCFE
P/FCFE
Price to FCFE
29.6
vs History
9
vs Industry
19
Median 3Y
11.6
Median 5Y
4
Industry
18.2
More Details
1
P/B
P/B
Price to Book Value
1
vs History
11
vs Industry
58
Median 3Y
0.9
Median 5Y
0.8
Industry
2.1
More Details
0.8
EV/S
EV/S
Enterprise Value to Sales
0.8
vs History
46
vs Industry
67
Median 3Y
0.9
Median 5Y
0.8
Industry
1.9
Forward
0.8
More Details
2.1
EV/GP
EV/GP
Enterprise Value to Gross Profit
2.1
vs History
58
vs Industry
58
Median 3Y
2.2
Median 5Y
2.2
Industry
3.8
More Details
87.2
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
87.2
vs History
17
vs Industry
2
Median 3Y
22.6
Median 5Y
15.8
Industry
10.7
Forward
5.5
More Details
87.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
87.2
vs History
17
vs Industry
4
Median 3Y
22.6
Median 5Y
15.8
Industry
16.3
Forward
11.9
More Details
7
EV/OCF
EV/OCF
Enterprise Value to OCF
7
vs History
36
vs Industry
53
Median 3Y
7.3
Median 5Y
5.8
Industry
11.5
More Details
Negative
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
N/A
vs History
vs Industry
49
Median 3Y
-4.4
Median 5Y
4.3
Industry
16.9
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
31
vs Industry
58
Median 3Y
0.8
Median 5Y
0.7
Industry
1.3
More Details

Multiples Across Competitors

TAH Competitors Multiples
Tabcorp Holdings Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Tabcorp Holdings Ltd
ASX:TAH
1.3B AUD 0.5 -1.9 87.2 87.2
IE
Flutter Entertainment PLC
LSE:FLTR
33.1B GBP 2.4 770.5 18.4 41.7
AU
Aristocrat Leisure Ltd
ASX:ALL
42.6B AUD 6.4 32.7 22.6 22.6
US
Las Vegas Sands Corp
NYSE:LVS
27.3B USD 2.4 20.9 9.2 14.6
US
DraftKings Inc
NASDAQ:DKNG
17.1B USD 3.6 -33.8 -54.7 -29.3
HK
Galaxy Entertainment Group Ltd
HKEX:27
126B HKD 2.9 14.4 9.4 13.6
MO
Sands China Ltd
HKEX:1928
114.9B HKD 2.1 14.2 9.1 14
SE
Evolution AB (publ)
STO:EVO
139.6B SEK 5.7 10.4 7.7 8.5
ZA
Sun International Ltd
JSE:SUI
10.3B Zac 0 0 0 0
US
MGM Resorts International
NYSE:MGM
9.4B USD 0.5 12.7 5.5 8.2
US
Wynn Resorts Ltd
NASDAQ:WYNN
8.9B USD 1.2 17.8 8.9 13.5
P/E Multiple
Earnings Growth PEG
AU
Tabcorp Holdings Ltd
ASX:TAH
Average P/E: 111.7
Negative Multiple: -1.9 		N/A N/A
IE
Flutter Entertainment PLC
LSE:FLTR
770.5
311%
2.5
AU
Aristocrat Leisure Ltd
ASX:ALL
32.7
17%
1.9
US
Las Vegas Sands Corp
NYSE:LVS
20.9
18%
1.2
US
DraftKings Inc
NASDAQ:DKNG
Negative Multiple: -33.8 N/A N/A
HK
Galaxy Entertainment Group Ltd
HKEX:27
14.4
13%
1.1
MO
Sands China Ltd
HKEX:1928
14.2
19%
0.7
SE
Evolution AB (publ)
STO:EVO
10.4
10%
1
ZA
S
Sun International Ltd
JSE:SUI
Not Available
-4%
N/A
US
MGM Resorts International
NYSE:MGM
12.7
7%
1.8
US
Wynn Resorts Ltd
NASDAQ:WYNN
17.8
11%
1.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Tabcorp Holdings Ltd
ASX:TAH
Average EV/EBITDA: 19.8
87.2
N/A N/A
IE
Flutter Entertainment PLC
LSE:FLTR
18.4
38%
0.5
AU
Aristocrat Leisure Ltd
ASX:ALL
22.6
17%
1.3
US
Las Vegas Sands Corp
NYSE:LVS
9.2
12%
0.8
US
DraftKings Inc
NASDAQ:DKNG
Negative Multiple: -54.7 N/A N/A
HK
Galaxy Entertainment Group Ltd
HKEX:27
9.4
14%
0.7
MO
Sands China Ltd
HKEX:1928
9.1
14%
0.6
SE
Evolution AB (publ)
STO:EVO
7.7
8%
1
ZA
S
Sun International Ltd
JSE:SUI
Not Available
5%
N/A
US
MGM Resorts International
NYSE:MGM
5.5
23%
0.2
US
Wynn Resorts Ltd
NASDAQ:WYNN
8.9
7%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Tabcorp Holdings Ltd
ASX:TAH
Average EV/EBIT: 24.9
87.2
N/A N/A
IE
Flutter Entertainment PLC
LSE:FLTR
41.7
67%
0.6
AU
Aristocrat Leisure Ltd
ASX:ALL
22.6
11%
2.1
US
Las Vegas Sands Corp
NYSE:LVS
14.6
13%
1.1
US
DraftKings Inc
NASDAQ:DKNG
Negative Multiple: -29.3 N/A N/A
HK
Galaxy Entertainment Group Ltd
HKEX:27
13.6
14%
1
MO
Sands China Ltd
HKEX:1928
14
10%
1.4
SE
Evolution AB (publ)
STO:EVO
8.5
7%
1.2
ZA
S
Sun International Ltd
JSE:SUI
Not Available
3%
N/A
US
MGM Resorts International
NYSE:MGM
8.2
6%
1.4
US
Wynn Resorts Ltd
NASDAQ:WYNN
13.5
5%
2.7

See Also

Summary
TAH intrinsic value, competitors valuation, and company profile.
DCF Valuation
TAH stock valuation using Discount Cash Flow valuation method.
Relative Valuation
TAH stock valuation using valuation multiples.
Wall Street Estimates
TAH price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
TAH stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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