(BRSL) Brightstar Lottery - NYSE
Sector: Consumer Cyclical | Industry: Gambling | Exchange: NYSE (USA) | Market Cap: 2.160m USD | Total Return: -3.6% in 12m
Avg Turnover: 16.7M
EPS Trend: -77.8%
Qual. Beats: 0
Rev. Trend: -89.0%
Warnings
Altman Z'' 0.05 < 1.0 - financial distress zone
Tailwinds
No distinct edge detected
Brightstar Lottery PLC, formerly International Game Technology PLC, is a London-based provider of global lottery solutions. The company manages the full lifecycle of lottery operations, including the design and leasing of point-of-sale terminals, transaction processing systems, and the production of instant ticket games. Its digital division, iLottery, facilitates eInstant and draw games for international markets.
The business model relies heavily on long-term government contracts, which often grant exclusive rights to operate national or state lotteries. Beyond core gaming, the company utilizes its retail infrastructure to process commercial transactions such as bill payments, electronic tax filings, and mobile recharges. This diversification into financial services allows the company to maximize the utility of its installed hardware base.
The lottery sector is characterized by high barriers to entry due to stringent regulatory requirements and the significant capital expenditure needed for hardware deployment. Investors may find ValueRays deeper metrics useful for assessing the companys long-term contract stability. Brightstar Lottery PLC currently operates across North America and Europe, maintaining its headquarters in the United Kingdom.
- Contract renewals for Italian and US state lottery concessions drive revenue stability
- Global expansion of iLottery platforms increases high-margin digital transaction volume
- Interest rate fluctuations impact debt servicing costs for capital-intensive equipment leasing
- Instant ticket production volume and supply chain efficiency dictate operational margins
- Regulatory changes in gambling laws influence market access and licensing costs
| Net Income: 157.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -14.63 > 1.0 |
| NWC/Revenue: -14.76% < 20% (prev 152.2%; Δ -167.0% < -1%) |
| CFO/TA -0.02 > 3% & CFO -161.1m > Net Income 157.0m |
| Net Debt (2.88b) to EBITDA (947.0m): 3.04 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (187.0m) vs 12m ago -7.43% < -2% |
| Gross Margin: 45.58% > 18% (prev 46.51%; Δ -0.92% > 0.5%) |
| Asset Turnover: 25.39% > 50% (prev 23.54%; Δ 1.85% > 0%) |
| Interest Coverage Ratio: 2.59 > 6 (EBIT TTM 520.0m / Interest Expense TTM 201.0m) |
| A: -0.04 (Total Current Assets 2.78b - Total Current Liabilities 3.15b) / Total Assets 9.46b |
| B: -0.05 (Retained Earnings -477.0m / Total Assets 9.46b) |
| C: 0.05 (EBIT TTM 520.0m / Avg Total Assets 9.90b) |
| D: 0.12 (Book Value of Equity 848.0m / Total Liabilities 7.36b) |
| Altman-Z'' = 0.05 = B |
| DSRI: 1.26 (Receivables 561.0m/432.0m, Revenue 2.51b/2.43b) |
| GMI: 1.02 (GM 46.51% / 45.58%) |
| AQI: 1.90 (AQ_t 0.61 / AQ_t-1 0.32) |
| SGI: 1.03 (Revenue 2.51b / 2.43b) |
| TATA: 0.03 (NI 157.0m - CFO -161.1m) / TA 9.46b) |
| Beneish M = -2.23 (Cap -4..+1) = BBB |
As of June 20, 2026, the stock is trading at USD 11.31 with a total of 1,829,400 shares traded.
Over the past week, the price has changed by -5.51%,
over one month by +5.95%,
over three months by -8.49% and
over the past year by -3.61%.
Brightstar Lottery has no consensus analysts rating.
P/E Trailing = 38.9333
P/E Forward = 10.5485
P/S = 0.8588
P/B = 2.5231
Revenue TTM = 2.51b USD
EBIT TTM = 520.0m USD
EBITDA TTM = 947.0m USD
Long Term Debt = 3.78b USD (from longTermDebt, last quarter)
Short Term Debt = 229.0m USD (from shortTermDebt, last quarter)
Debt = 4.16b USD (from shortLongTermDebtTotal, last quarter) + Leases 75.0m
Net Debt = 2.88b USD (calculated: Debt 4.16b - CCE 1.27b)
Enterprise Value = 5.04b USD (2.16b + Debt 4.16b - CCE 1.27b)
Interest Coverage Ratio = 2.59 (Ebit TTM 520.0m / Interest Expense TTM 201.0m)
EV/FCF = -9.68x (Enterprise Value 5.04b / FCF TTM -521.0m)
FCF Yield = -10.33% (FCF TTM -521.0m / Enterprise Value 5.04b)
FCF Margin = -20.72% (FCF TTM -521.0m / Revenue TTM 2.51b)
Net Margin = 6.25% (Net Income TTM 157.0m / Revenue TTM 2.51b)
Gross Margin = 45.58% ((Revenue TTM 2.51b - Cost of Revenue TTM 1.37b) / Revenue TTM)
Gross Margin QoQ = 37.65% (prev 49.25%)
Tobins Q-Ratio = 0.53 (Enterprise Value 5.04b / Total Assets 9.46b)
Interest Expense / Debt = 4.84% (Interest Expense 201.0m / Debt 4.16b)
Taxrate = 43.75% (147.0m / 336.0m)
NOPAT = 292.5m (EBIT 520.0m * (1 - 43.75%))
Current Ratio = 0.88 (Total Current Assets 2.78b / Total Current Liabilities 3.15b)
Debt / Equity = 4.90 (Debt 4.16b / totalStockholderEquity, last quarter 848.0m)
Debt / EBITDA = 3.04 (Net Debt 2.88b / EBITDA 947.0m)
Debt / FCF = -5.53 (negative FCF - burning cash) (Net Debt 2.88b / FCF TTM -521.0m)
Total Stockholder Equity = 1.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.59% (Net Income 157.0m / Total Assets 9.46b)
RoE = 15.22% (Net Income TTM 157.0m / Total Stockholder Equity 1.03b)
RoCE = 10.81% (EBIT 520.0m / Capital Employed (Equity 1.03b + L.T.Debt 3.78b))
RoIC = 4.56% (NOPAT 292.5m / Invested Capital 6.42b)
WACC = 4.64% (E(2.16b)/V(6.32b) * Re(8.34%) + D(4.16b)/V(6.32b) * Rd(4.84%) * (1-Tc(0.44)))
Discount Rate = 8.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -44.23 | Cagr: -2.94%
[DCF] Fair Price = unknown (Cash Flow -521.0m)
EPS Correlation: -77.83 | EPS CAGR: -34.04% | SUE: -0.29 | # QB: 0
Revenue Correlation: -88.98 | Revenue CAGR: -0.36% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.09 | Chg30d=N/A | Revisions=-20% | Analysts=3
EPS next Quarter (2026-09-30): EPS=0.18 | Chg30d=N/A | Revisions=+20% | Analysts=3
EPS current Year (2026-12-31): EPS=0.65 | Chg30d=N/A | Revisions=-33% | GrowthEPS=-28.3% | GrowthRev=-0.4%
EPS next Year (2027-12-31): EPS=0.94 | Chg30d=N/A | Revisions=-14% | GrowthEPS=+43.4% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: -33%