LTMC Stock Analysis: Lottomatica S.p.A. | MI
Gambling | MI, Italy | Market Cap: 5.772m EUR | 12M Return: 11.1% | IT0005541336 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.8M
Qual. Beats: 0
Rev. Trend: 95.8%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 3.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Lottomatica Group S.p.A. is an Italian gaming operator headquartered in Rome, active across three segments: Online (sports betting, virtual/horse betting, casino, bingo, poker, betting exchange, and skill games through multiple websites), Sports Franchise (retail sports, virtual, and horserace betting under GoldBet, Intralot, Better, and Planetwin365 brands), and Gaming Franchise (gaming halls, video lottery terminals, and amusement with prize machines). The company was incorporated in 2019 and is listed on the Milan stock exchange under ticker LTMC.
As a mid-cap player in the Casinos & Gaming sub-industry, Lottomaticas model combines direct online operations with a B2C retail/franchise network, including both owned halls and concession-based terminal activities. Italys regulated gaming market is one of the largest in Europe, with retail betting shops and government-licensed AWP/VLT machines representing a significant share of consumer gambling spend alongside a growing online channel.
- Italy gambling advertising ban pressures online customer acquisition
- Sports betting volumes accelerate on major football tournament schedule
- AWP and VLT margins stable as Gaming Franchise anchors cash flow
| Net Income: 220.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA -0.19 > 1.0 |
| NWC/Revenue: -5.80% < 20% (prev -8.79%; Δ 2.99% < -1%) |
| CFO/TA 0.15 > 3% & CFO 537.4m > Net Income 220.3m |
| Net Debt (2.12b) to EBITDA (760.1m): 2.79 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (234.6m) vs 12m ago -6.64% < -2% |
| Gross Margin: 41.14% > 18% (prev 35.69%; Δ 5.46% > 0.5%) |
| Asset Turnover: 62.86% > 50% (prev 60.44%; Δ 2.42% > 0%) |
| Interest Coverage Ratio: 3.34 > 6 (EBIT TTM 486.0m / Interest Expense TTM 145.7m) |
| A: -0.04 (Total Current Assets 580.4m - Total Current Liabilities 712.9m) / Total Assets 3.63b |
| B: 0.06 (Retained Earnings 215.3m / Total Assets 3.63b) |
| C: 0.13 (EBIT TTM 486.0m / Avg Total Assets 3.64b) |
| D: 0.07 (Book Value of Equity 225.9m / Total Liabilities 3.35b) |
| Altman-Z'' = 0.92 = BB |
| DSRI: 0.66 (Receivables 86.7m/126.0m, Revenue 2.29b/2.20b) |
| GMI: 0.87 (GM 35.69% / 41.14%) |
| AQI: 0.98 (AQ_t 0.78 / AQ_t-1 0.80) |
| SGI: 1.04 (Revenue 2.29b / 2.20b) |
| TATA: -0.09 (NI 220.3m - CFO 537.4m) / TA 3.63b) |
| Beneish M = -3.42 (Cap -4..+1) = AA |
As of October 10, 2026, the stock is trading at EUR 24.53 with a total of 623,903 shares traded. Over the past week, the price has changed by -3.50%, over one month by -5.94%, over three months by -3.39% and over the past year by +11.10%.
Current recommended Stop Loss: 23.60 (which is 3.8% or 1.2 ATR below the current price).
Lottomatica S.p.A. has no consensus analysts rating.
P/E Trailing = 27.7111
P/E Forward = 20.6186
P/S = 2.5249
P/B = 28.1457
Revenue TTM = 2.29b EUR
EBIT TTM = 486.0m EUR
EBITDA TTM = 760.1m EUR
Long Term Debt = 2.34b EUR (from longTermDebt, last quarter)
Short Term Debt = 26.5m EUR (from shortTermDebt, last quarter)
Debt = 2.49b EUR (from shortLongTermDebtTotal, last quarter) + Leases 72.6m
Net Debt = 2.12b EUR (calculated: Debt 2.49b - CCE 368.4m)
Enterprise Value = 7.89b EUR (5.77b + Debt 2.49b - CCE 368.4m)
Interest Coverage Ratio = 3.34 (Ebit TTM 486.0m / Interest Expense TTM 145.7m)
EV/FCF = 17.09x (Enterprise Value 7.89b / FCF TTM 461.8m)
FCF Yield = 5.85% (FCF TTM 461.8m / Enterprise Value 7.89b)
FCF Margin = 20.20% (FCF TTM 461.8m / Revenue TTM 2.29b)
Net Margin = 9.64% (Net Income TTM 220.3m / Revenue TTM 2.29b)
Gross Margin = 41.14% ((Revenue TTM 2.29b - Cost of Revenue TTM 1.35b) / Revenue TTM)
Gross Margin QoQ = none% (prev 39.57%)
Tobins Q-Ratio = 2.17 (Enterprise Value 7.89b / Total Assets 3.63b)
Interest Expense / Debt = 5.86% (Interest Expense 145.7m / Debt 2.49b)
Taxrate = 34.69% (120.9m / 348.5m)
NOPAT = 317.4m (EBIT 486.0m * (1 - 34.69%))
Current Ratio = 0.81 (Total Current Assets 580.4m / Total Current Liabilities 712.9m)
Debt / Equity = 11.01 (Debt 2.49b / totalStockholderEquity, last quarter 225.9m)
Debt / EBITDA = 2.79 (Net Debt 2.12b / EBITDA 760.1m)
Debt / FCF = 4.59 (Net Debt 2.12b / FCF TTM 461.8m)
Total Stockholder Equity = 335.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 6.06% (Net Income 220.3m / Total Assets 3.63b)
RoE = 65.65% (Net Income TTM 220.3m / Total Stockholder Equity 335.6m)
RoCE = 18.16% (EBIT 486.0m / Capital Employed (Equity 335.6m + L.T.Debt 2.34b))
RoIC = 11.21% (NOPAT 317.4m / Invested Capital 2.83b)
WACC = 5.79% (E(5.77b)/V(8.26b) * Re(6.63%) + D(2.49b)/V(8.26b) * Rd(5.86%) * (1-Tc(0.35)))
Discount Rate = 6.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -70.97 | Cagr: -3.07%
[DCF] Terminal Value 75.20% ; FCFF base≈465.1m ; Y1≈460.2m ; Y5≈473.5m
[DCF] Fair Price = 22.77 (EV 7.39b - Net Debt 2.12b = Equity 5.27b / Shares 231.4m; r=8.35% [WACC [floored]]; 5y FCF grow -1.74% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.39 | # QB: 0
Revenue Correlation: 95.84 | Revenue CAGR: 15.37% | SUE: -1.47 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.33 | Chg30d=+0.21% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.84 | Chg30d=-0.10% | Revisions=+0% | GrowthEPS=+18.9% | GrowthRev=+7.4%
EPS next Year (2027-12-31): EPS=2.24 | Chg30d=-0.24% | Revisions=-12% | GrowthEPS=+21.8% | GrowthRev=+6.7%
[Analyst] Revisions Ratio: +0% (up=5, down=5)