(LTMC) Lottomatica S.p.A. - Overview
Sector: Consumer Cyclical | Industry: Gambling | Exchange: MI (Italy) | Market Cap: 5.894m EUR | Total Return: 8.1% in 12m
Avg Turnover: 19.2M
Qual. Beats: 1
Rev. Trend: 98.7%
Qual. Beats: 0
Warnings
Altman Z'' 0.56 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Lottomatica Group S.p.A. is a prominent operator in the Italian regulated gaming market, organized into three primary segments: Online, Sports Franchise, and Gaming Franchise. The company manages a portfolio of established brands including GoldBet, Lottomatica, and Better, providing a comprehensive suite of services ranging from digital casino games and sports betting to the physical management of gaming halls and video lottery terminals.
The Italian gaming sector is characterized by a high degree of regulation and a concession-based model, where operators must secure government licenses to provide betting and machine-based gaming services. As a concessionaire, Lottomatica acts as a critical intermediary between the state and the end consumer, collecting taxes while managing the infrastructure for both retail and digital betting environments.
For a deeper look into the companys fundamentals, ValueRay provides additional analytical tools.
- Market share gains in high-margin online gaming segments drive revenue growth
- Strategic M&A integration and bolt-on acquisitions accelerate EBITDA expansion
- Italian regulatory changes and gaming tax hikes impact net profitability
- Retail sports betting volume fluctuates with major international football tournament cycles
- Operational leverage increases as digital migration reduces physical franchise overhead costs
| Net Income: 190.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 2.38 > 1.0 |
| NWC/Revenue: -17.18% < 20% (prev -7.22%; Δ -9.96% < -1%) |
| CFO/TA 0.50 > 3% & CFO 1.73b > Net Income 190.5m |
| Net Debt (-45.2m) to EBITDA (765.7m): -0.06 < 3 |
| Current Ratio: 0.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (235.5m) vs 12m ago -6.41% < -2% |
| Gross Margin: 45.62% > 18% (prev 0.41%; Δ 4.52k% > 0.5%) |
| Asset Turnover: 63.42% > 50% (prev 55.33%; Δ 8.10% > 0%) |
| Interest Coverage Ratio: 15.20 > 6 (EBITDA TTM 765.7m / Interest Expense TTM 32.9m) |
| A: -0.11 (Total Current Assets 388.5m - Total Current Liabilities 777.2m) / Total Assets 3.46b |
| B: 0.08 (Retained Earnings 276.8m / Total Assets 3.46b) |
| C: 0.14 (EBIT TTM 499.8m / Avg Total Assets 3.57b) |
| D: 0.09 (Book Value of Equity 276.8m / Total Liabilities 3.07b) |
| Altman-Z'' = 0.56 = B |
| DSRI: 0.61 (Receivables 65.6m/96.5m, Revenue 2.26b/2.03b) |
| GMI: 0.91 (GM 45.62% / 41.37%) |
| AQI: 1.04 (AQ_t 0.82 / AQ_t-1 0.79) |
| SGI: 1.11 (Revenue 2.26b / 2.03b) |
| TATA: -0.45 (NI 190.5m - CFO 1.73b) / TA 3.46b) |
| Beneish M = -3.79 (Cap -4..+1) = AAA |
As of May 26, 2026, the stock is trading at EUR 25.64 with a total of 374,526 shares traded.
Over the past week, the price has changed by -1.76%,
over one month by -1.87%,
over three months by +24.84% and
over the past year by +8.05%.
Lottomatica S.p.A. has no consensus analysts rating.
P/E Trailing = 32.1923
P/E Forward = 21.7865
P/S = 2.6053
P/B = 17.2771
Revenue TTM = 2.26b EUR
EBIT TTM = 499.8m EUR
EBITDA TTM = 765.7m EUR
Long Term Debt = 1.98b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.36m EUR (from shortLongTermDebt, last quarter)
Debt = 74.1m EUR (Leases only: 74.1m)
Net Debt = -45.2m EUR (calculated: Debt 74.1m - CCE 119.3m)
Enterprise Value = 5.85b EUR (5.89b + Debt 74.1m - CCE 119.3m)
Interest Coverage Ratio = 15.20 (Ebit TTM 499.8m / Interest Expense TTM 32.9m)
EV/FCF = 14.43x (Enterprise Value 5.85b / FCF TTM 405.4m)
FCF Yield = 6.93% (FCF TTM 405.4m / Enterprise Value 5.85b)
FCF Margin = 17.92% (FCF TTM 405.4m / Revenue TTM 2.26b)
Net Margin = 8.42% (Net Income TTM 190.5m / Revenue TTM 2.26b)
Gross Margin = 45.62% ((Revenue TTM 2.26b - Cost of Revenue TTM 1.23b) / Revenue TTM)
Gross Margin QoQ = 51.22% (prev 44.52%)
Tobins Q-Ratio = 1.69 (Enterprise Value 5.85b / Total Assets 3.46b)
Interest Expense / Debt = 44.36% (Interest Expense 32.9m / Debt 74.1m)
Taxrate = 31.46% (31.8m / 101.2m)
NOPAT = 342.5m (EBIT 499.8m * (1 - 31.46%))
Current Ratio = 0.50 (Total Current Assets 388.5m / Total Current Liabilities 777.2m)
Debt / Equity = 0.22 (Debt 74.1m / totalStockholderEquity, last quarter 340.8m)
Debt / EBITDA = -0.06 (Net Debt -45.2m / EBITDA 765.7m)
Debt / FCF = -0.11 (Net Debt -45.2m / FCF TTM 405.4m)
Total Stockholder Equity = 404.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.34% (Net Income 190.5m / Total Assets 3.46b)
RoE = 47.14% (Net Income TTM 190.5m / Total Stockholder Equity 404.1m)
RoCE = 20.95% (EBIT 499.8m / Capital Employed (Equity 404.1m + L.T.Debt 1.98b))
RoIC = 13.35% (NOPAT 342.5m / Invested Capital 2.56b)
WACC = 7.31% (E(5.89b)/V(5.97b) * Re(7.02%) + D(74.1m)/V(5.97b) * Rd(44.36%) * (1-Tc(0.31)))
Discount Rate = 7.02% (= CAPM, Blume Beta Adj.)
Shares (yearly) Correlation: 100.0 | Cagr: 1.78%
[DCF] Terminal Value 77.97% ; FCFF base≈380.4m ; Y1≈436.1m ; Y5≈641.8m
[DCF] Fair Price = 41.33 (EV 9.66b - Net Debt -45.2m = Equity 9.70b / Shares 234.7m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.88 | # QB: 1
Revenue Correlation: 98.67 | Revenue CAGR: 17.32% | SUE: -0.24 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.33 | Chg30d=-0.64% | Revisions=-20% | Analysts=1
EPS next Quarter (2026-09-30): EPS=0.33 | Chg30d=-0.64% | Revisions=-20% | Analysts=1
EPS current Year (2026-12-31): EPS=1.87 | Chg30d=+0.29% | Revisions=-12% | GrowthEPS=+20.9% | GrowthRev=+8.1%
EPS next Year (2027-12-31): EPS=2.26 | Chg30d=+0.57% | Revisions=-6% | GrowthEPS=+20.4% | GrowthRev=+6.8%
[Analyst] Revisions Ratio: -20%