BRSL Stock Analysis: Brightstar Lottery | NYSE
Gambling | NYSE, USA | Market Cap: 2.010m USD | 12M Return: -17.7% | GB00BVG7F061 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 22.3M
EPS Trend: -69.0%
Qual. Beats: 0
Rev. Trend: -89.0%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 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.
Brightstar Lottery PLC is a London-headquartered provider of lottery products and services, operating primarily in the United States, Italy, and other parts of Europe, with additional international operations. The company functions as a B2B supplier to state and national lottery authorities rather than a consumer-facing operator, generating revenue through equipment sales and leases, software licensing, transaction processing fees, and long-term operations and maintenance contracts. Its GICS classification places it in the Consumer Discretionary sector under Casinos & Gaming, alongside other gaming and gambling-related issuers.
The companys offering spans the full lottery value chain, including point-of-sale terminals that reconcile funds between retailers and lottery authorities, back-end transaction processing systems, instant ticket game design and production, and a digital iLottery platform for eInstant and draw games. It also operates a non-lottery commercial transaction processing business handling services such as prepaid phone recharges, bill payments, e-vouchers, electronic tax payments, stamp duty, and money transfers, which provides a secondary revenue stream beyond core gaming activity.
Additional services include marketing support such as retail optimization and brand awareness campaigns, as well as software development, hardware maintenance, and professional services for installed systems. The company was founded in 1976 and was previously known as International Game Technology PLC before adopting its current name in July 2025.
- iLottery platform growth accelerates digital draw game revenue
- Instant ticket game sales drive recurring U.S. margins
- Italian lottery concession renewal underpins international segment growth
| Net Income: 248.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.27 > 0.02 and ΔFCF/TA -35.18 > 1.0 |
| NWC/Revenue: 5.11% < 20% (prev 119.5%; Δ -114.4% < -1%) |
| CFO/TA -0.23 > 3% & CFO -1.83b > Net Income 248.0m |
| Net Debt (3.94b) to EBITDA (1.07b): 3.67 < 3 |
| Current Ratio: 1.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (186.0m) vs 12m ago -8.37% < -2% |
| Gross Margin: 46.43% > 18% (prev 45.65%; Δ 0.78% > 0.5%) |
| Asset Turnover: 25.61% > 50% (prev 21.81%; Δ 3.80% > 0%) |
| Interest Coverage Ratio: 2.93 > 6 (EBIT TTM 595.0m / Interest Expense TTM 203.0m) |
| A: 0.02 (Total Current Assets 1.36b - Total Current Liabilities 1.24b) / Total Assets 8.04b |
| B: -0.06 (Retained Earnings -443.0m / Total Assets 8.04b) |
| C: 0.06 (EBIT TTM 595.0m / Avg Total Assets 9.64b) |
| D: 0.14 (Book Value of Equity 846.0m / Total Liabilities 6.02b) |
| Altman-Z'' = 0.49 = B |
| DSRI: 1.29 (Receivables 554.0m/428.0m, Revenue 2.47b/2.45b) |
| GMI: 0.98 (GM 45.65% / 46.43%) |
| AQI: 2.35 (AQ_t 0.70 / AQ_t-1 0.30) |
| SGI: 1.01 (Revenue 2.47b / 2.45b) |
| TATA: 0.26 (NI 248.0m - CFO -1.83b) / TA 8.04b) |
| Beneish M = -1.97 (Cap -4..+1) = B |
As of August 22, 2026, the stock is trading at USD 12.10 with a total of 2,311,958 shares traded. Over the past week, the price has changed by +4.71%, over one month by +16.03%, over three months by +14.08% and over the past year by -17.69%.
Current recommended Stop Loss: 11.50 (which is 5% or 1.5 ATR below the current price).
Brightstar Lottery has no consensus analysts rating.
P/E Trailing = 12.2222
P/E Forward = 17.3913
P/S = 0.8145
P/B = 2.4992
Revenue TTM = 2.47b USD
EBIT TTM = 595.0m USD
EBITDA TTM = 1.07b USD
Long Term Debt = 4.36b USD (from longTermDebt, last quarter)
Short Term Debt = 118.0m USD (from shortTermDebt, last fiscal year)
Debt = 4.50b USD (from shortLongTermDebtTotal, last quarter) + Leases 71.0m
Net Debt = 3.94b USD (calculated: Debt 4.50b - CCE 558.0m)
Enterprise Value = 5.95b USD (2.01b + Debt 4.50b - CCE 558.0m)
Interest Coverage Ratio = 2.93 (Ebit TTM 595.0m / Interest Expense TTM 203.0m)
EV/FCF = -2.69x (Enterprise Value 5.95b / FCF TTM -2.21b)
FCF Yield = -37.11% (FCF TTM -2.21b / Enterprise Value 5.95b)
FCF Margin = -89.46% (FCF TTM -2.21b / Revenue TTM 2.47b)
Net Margin = 10.05% (Net Income TTM 248.0m / Revenue TTM 2.47b)
Gross Margin = 46.43% ((Revenue TTM 2.47b - Cost of Revenue TTM 1.32b) / Revenue TTM)
Gross Margin QoQ = 46.92% (prev 37.65%)
Tobins Q-Ratio = 0.74 (Enterprise Value 5.95b / Total Assets 8.04b)
Interest Expense / Debt = 4.51% (Interest Expense 203.0m / Debt 4.50b)
Taxrate = 25.43% (104.0m / 409.0m)
NOPAT = 443.7m (EBIT 595.0m * (1 - 25.43%))
Current Ratio = 1.10 (Total Current Assets 1.36b / Total Current Liabilities 1.24b)
Debt / Equity = 5.32 (Debt 4.50b / totalStockholderEquity, last quarter 846.0m)
Debt / EBITDA = 3.67 (Net Debt 3.94b / EBITDA 1.07b)
Debt / FCF = -1.78 (negative FCF - burning cash) (Net Debt 3.94b / FCF TTM -2.21b)
Total Stockholder Equity = 860.0m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.57% (Net Income 248.0m / Total Assets 8.04b)
RoE = 28.84% (Net Income TTM 248.0m / Total Stockholder Equity 860.0m)
RoCE = 11.41% (EBIT 595.0m / Capital Employed (Equity 860.0m + L.T.Debt 4.36b))
RoIC = 6.53% (NOPAT 443.7m / Invested Capital 6.79b)
WACC = 4.83% (E(2.01b)/V(6.51b) * Re(8.11%) + D(4.50b)/V(6.51b) * Rd(4.51%) * (1-Tc(0.25)))
Discount Rate = 8.11% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -88.03 | Cagr: -3.81%
[DCF] Fair Price = unknown (Cash Flow -2.21b)
EPS Correlation: -69.02 | EPS CAGR: -31.86% | SUE: 0.63 | # QB: 0
Revenue Correlation: -88.98 | Revenue CAGR: -0.36% | SUE: N/A | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.05 | Chg30d=-64.44% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=0.51 | Chg30d=-16.29% | Revisions=-40% | GrowthEPS=-43.4% | GrowthRev=-0.8%
EPS next Year (2027-12-31): EPS=0.72 | Chg30d=-10.63% | Revisions=-57% | GrowthEPS=+39.5% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: -70% (up=0, down=7)