LTMC Stock Analysis: Lottomatica S.p.A. | MI
Gambling | MI, Italy | Market Cap: 5.703m EUR | 12M Return: 4.5% | IT0005541336 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 15.2M
Qual. Beats: 0
Rev. Trend: 98.7%
Qual. Beats: -1
Warnings
Tailwinds
No distinct edge detected
Seasonality 3.2 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. (MI: LTMC) is a Rome-based gaming operator active entirely within the Italian market, structured around three segments: Online (digital sports betting, casino, poker, bingo, and skill games distributed across multiple branded websites), Sports Franchise (retail sports, virtual, and horse-race betting), and Gaming Franchise (gaming halls and concessions for video lottery terminals and amusement-with-prize machines). The company was incorporated in 2019 and combines digital and land-based distribution under brands such as GoldBet, Better, Lottomatica, Betflag, Totosì, and Planetwin365.
Italys gaming sector is one of the largest regulated markets in Europe, overseen by the Agenzia delle Dogane e dei Monopoli (ADM), which issues the licenses and concessions that govern both online operators and physical machine networks (VLTs and AWPs). Lottomaticas three-segment structure aligns with this regulatory framework, covering the principal ADM-permitted channels: remote gaming, retail betting, and machine-based gaming concessions.
- Online sports betting and casino revenue accelerates segment growth
- Italian regulator hikes gaming taxes pressuring consolidated margins
- VLT concession renewals sustain Gaming Franchise cash flow visibility
| Net Income: 220.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA -1.48 > 1.0 |
| NWC/Revenue: -5.80% < 20% (prev -8.81%; Δ 3.01% < -1%) |
| CFO/TA 0.43 > 3% & CFO 1.55b > Net Income 220.3m |
| Net Debt (-293.9m) to EBITDA (777.6m): -0.38 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (234.6m) vs 12m ago -6.62% < -2% |
| Gross Margin: 44.37% > 18% (prev 41.81%; Δ 2.56% > 0.5%) |
| Asset Turnover: 62.86% > 50% (prev 60.34%; Δ 2.52% > 0%) |
| Interest Coverage Ratio: 6.79 > 6 (EBIT TTM 503.4m / Interest Expense TTM 74.1m) |
| 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: 0.14 (EBIT TTM 503.4m / Avg Total Assets 3.64b) |
| D: 0.07 (Book Value of Equity 225.9m / Total Liabilities 3.35b) |
| Altman-Z'' = 0.95 = BB |
| DSRI: 0.66 (Receivables 62.1m/90.7m, Revenue 2.29b/2.20b) |
| GMI: 0.94 (GM 41.81% / 44.37%) |
| AQI: 0.98 (AQ_t 0.78 / AQ_t-1 0.80) |
| SGI: 1.04 (Revenue 2.29b / 2.20b) |
| TATA: -0.37 (NI 220.3m - CFO 1.55b) / TA 3.63b) |
| Beneish M = -3.38 (Cap -4..+1) = AA |
As of August 22, 2026, the stock is trading at EUR 24.44 with a total of 406,261 shares traded. Over the past week, the price has changed by -0.24%, over one month by -0.93%, over three months by -2.55% and over the past year by +4.54%.
Current recommended Stop Loss: 23.70 (which is 3% or 1.3 ATR below the current price).
Lottomatica S.p.A. has no consensus analysts rating.
P/E Trailing = 26.9231
P/E Forward = 20.9205
P/S = 2.4948
P/B = 24.8467
Revenue TTM = 2.29b EUR
EBIT TTM = 503.4m EUR
EBITDA TTM = 777.6m EUR
Long Term Debt = 2.34b EUR (from longTermDebt, last quarter)
Short Term Debt = 946k EUR (from shortLongTermDebt, last quarter)
Debt = 72.6m EUR (Leases only: 72.6m)
Net Debt = -293.9m EUR (calculated: Debt 72.6m - CCE 366.5m)
Enterprise Value = 5.41b EUR (5.70b + Debt 72.6m - CCE 366.5m)
Interest Coverage Ratio = 6.79 (Ebit TTM 503.4m / Interest Expense TTM 74.1m)
EV/FCF = 13.45x (Enterprise Value 5.41b / FCF TTM 402.1m)
FCF Yield = 7.43% (FCF TTM 402.1m / Enterprise Value 5.41b)
FCF Margin = 17.59% (FCF TTM 402.1m / Revenue TTM 2.29b)
Net Margin = 9.64% (Net Income TTM 220.3m / Revenue TTM 2.29b)
Gross Margin = 44.37% ((Revenue TTM 2.29b - Cost of Revenue TTM 1.27b) / Revenue TTM)
Gross Margin QoQ = none% (prev 51.22%)
Tobins Q-Ratio = 1.49 (Enterprise Value 5.41b / Total Assets 3.63b)
Interest Expense / Debt = 102.1% (Interest Expense 74.1m / Debt 72.6m)
Taxrate = 34.69% (120.9m / 348.5m)
NOPAT = 328.8m (EBIT 503.4m * (1 - 34.69%))
Current Ratio = 0.81 (Total Current Assets 580.4m / Total Current Liabilities 712.9m)
Debt / Equity = 0.32 (Debt 72.6m / totalStockholderEquity, last quarter 225.9m)
Debt / EBITDA = -0.38 (Net Debt -293.9m / EBITDA 777.6m)
Debt / FCF = -0.73 (Net Debt -293.9m / FCF TTM 402.1m)
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 = 18.81% (EBIT 503.4m / Capital Employed (Equity 335.6m + L.T.Debt 2.34b))
RoIC = 11.73% (NOPAT 328.8m / Invested Capital 2.80b)
WACC = 6.75% (E(5.70b)/V(5.78b) * Re(6.84%) + (debt cost/tax rate unavailable))
Discount Rate = 6.84% (= CAPM, Blume Beta Adj.)
Shares (yearly) Correlation: 33.33 | Cagr: 1.78%
[DCF] Terminal Value 73.61% ; FCFF base≈424.2m ; Y1≈382.7m ; Y5≈327.1m
[DCF] Fair Price = 23.66 (EV 5.21b - Net Debt -293.9m = Equity 5.51b / Shares 232.8m; r=8.35% [WACC [floored]]; 5y FCF grow -12.08% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.39 | # QB: 0
Revenue Correlation: 98.67 | Revenue CAGR: 17.32% | SUE: -1.47 | # QB: -1
EPS current Quarter (2026-09-30): EPS=0.33 | Chg30d=+0.28% | Revisions=+25% | Analysts=1
EPS current Year (2026-12-31): EPS=1.85 | Chg30d=-1.38% | Revisions=-38% | GrowthEPS=+19.3% | GrowthRev=+7.5%
EPS next Year (2027-12-31): EPS=2.25 | Chg30d=-0.23% | Revisions=+12% | GrowthEPS=+21.9% | GrowthRev=+6.7%
[Analyst] Revisions Ratio: -7% (up=5, down=6)