BRSL Stock Analysis: Brightstar Lottery | NYSE
Gambling | NYSE, USA | Market Cap: 1.800m USD | 12M Return: -37.8% | GB00BVG7F061 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.4M
EPS Trend: -69.0%
Qual. Beats: 0
Rev. Trend: -89.0%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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 (BRSL) is a London-headquartered provider of end-to-end lottery solutions, operating across the United States, Italy, the rest of Europe, and other international markets. The companys offerings span the lottery value chain, including point-of-sale machines that reconcile funds between retailers and lottery authorities, transaction processing systems, instant ticket game production, printing and graphic design services, lottery management services, and the iLottery digital platform for eInstant and draw games. Beyond core lottery operations, Brightstar processes a range of commercial transactions such as prepaid mobile recharges, bill payments, electronic tax payments, and money transfers, while also selling hardware, licensing software, and providing marketing, maintenance, and professional support services.
The company, founded in 1976 and previously known as International Game Technology PLC before its July 2025 rebranding, sits within the Consumer Discretionary sector (GICS sub-industry: Casinos & Gaming). Lottery operators typically operate under long-term, government-awarded contracts or concessions, which provide recurring, contract-based revenue streams, while the iLottery platform reflects the broader industry shift toward digital and online gameplay channels.
- iLottery digital platform drives recurring revenue growth
- US state lottery contract renewals boost segment margins
- Italian lottery regulation changes pressure European margins
| 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 October 10, 2026, the stock is trading at USD 9.84 with a total of 1,700,144 shares traded. Over the past week, the price has changed by -0.10%, over one month by -11.51%, over three months by -8.73% and over the past year by -37.83%.
Current recommended Stop Loss: 9.40 (which is 4.5% or 1.4 ATR below the current price).
Brightstar Lottery has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy BRSL.
- StrongBuy: 6
- Buy: 0
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 16.6 | 68.8% |
P/E Trailing = 10.3684
P/E Forward = 11.0742
P/S = 0.7293
P/B = 2.2455
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 = 5.74b USD (1.80b + Debt 4.50b - CCE 558.0m)
Interest Coverage Ratio = 2.93 (Ebit TTM 595.0m / Interest Expense TTM 203.0m)
EV/FCF = -2.60x (Enterprise Value 5.74b / FCF TTM -2.21b)
FCF Yield = -38.47% (FCF TTM -2.21b / Enterprise Value 5.74b)
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 = 0.71 (Enterprise Value 5.74b / 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 = 4.76% (E(1.80b)/V(6.30b) * Re(8.24%) + D(4.50b)/V(6.30b) * Rd(4.51%) * (1-Tc(0.25)))
Discount Rate = 8.24% (= 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=+0.00% | Revisions=-25% | Analysts=4
EPS current Year (2026-12-31): EPS=0.52 | Chg30d=+0.00% | Revisions=-57% | GrowthEPS=-42.5% | GrowthRev=-1.0%
EPS next Year (2027-12-31): EPS=0.72 | Chg30d=+0.00% | Revisions=-29% | GrowthEPS=+37.9% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: -58% (up=1, down=8)