The Lottery Corporation Ltd (TLC) - Net Assets
Based on the latest financial reports, The Lottery Corporation Ltd (TLC) has net assets worth AU$321.80 Million AUD (≈ $227.69 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$4.41 Billion ≈ $3.12 Billion USD) and total liabilities (AU$4.08 Billion ≈ $2.89 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check financial resilience of The Lottery Corporation Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | AU$321.80 Million |
| % of Total Assets | 7.31% |
| Annual Growth Rate | 4.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 19.77 |
The Lottery Corporation Ltd - Net Assets Trend (2021–2025)
This chart illustrates how The Lottery Corporation Ltd's net assets have evolved over time, based on quarterly financial data. Also explore TLC total assets for the complete picture of this company's asset base.
Annual Net Assets for The Lottery Corporation Ltd (2021–2025)
The table below shows the annual net assets of The Lottery Corporation Ltd from 2021 to 2025. For live valuation and market cap data, see TLC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | AU$321.80 Million ≈ $227.69 Million |
-11.37% |
| 2024-06-30 | AU$363.10 Million ≈ $256.92 Million |
+37.12% |
| 2023-06-30 | AU$264.80 Million ≈ $187.36 Million |
+9.06% |
| 2022-06-30 | AU$242.80 Million ≈ $171.80 Million |
-10.83% |
| 2021-06-30 | AU$272.30 Million ≈ $192.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to The Lottery Corporation Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 164.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | AU$699.30 Million | 217.31% |
| Common Stock | AU$781.60 Million | 242.88% |
| Other Comprehensive Income | AU$-1.16 Billion | -360.19% |
| Total Equity | AU$321.80 Million | 100.00% |
The Lottery Corporation Ltd Competitors by Market Cap
The table below lists competitors of The Lottery Corporation Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Henry Schein Inc
NASDAQ:HSIC
|
$8.16 Billion |
|
SICC Co. Ltd.
SHG:688234
|
$8.18 Billion |
|
Autoliv Inc
NYSE:ALV
|
$8.18 Billion |
|
Albertsons Companies
NYSE:ACI
|
$8.18 Billion |
|
Tempus AI, Inc. Class A Common Stock
NASDAQ:TEM
|
$8.16 Billion |
|
BYD Electronic (International) Company Limited
F:4BY
|
$8.16 Billion |
|
Houlihan Lokey Inc
NYSE:HLI
|
$8.15 Billion |
|
Cinda Securities Co. Ltd. A
SHG:601059
|
$8.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Lottery Corporation Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 363,100,000 to 321,800,000, a change of -41,300,000 (-11.4%).
- Net income of 365,500,000 contributed positively to equity growth.
- Dividend payments of 340,000,000 reduced retained earnings.
- Share repurchases of 74,000,000 reduced equity.
- Other comprehensive income increased equity by 6,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | AU$365.50 Million | +113.58% |
| Dividends Paid | AU$340.00 Million | -105.66% |
| Share Repurchases | AU$74.00 Million | -23.0% |
| Other Comprehensive Income | AU$6.50 Million | +2.02% |
| Other Changes | AU$700.00K | +0.22% |
| Total Change | AU$- | -11.37% |
Book Value vs Market Value Analysis
This analysis compares The Lottery Corporation Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 35.82x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 42.34x to 35.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-06-30 | AU$0.12 | AU$5.18 | x |
| 2022-06-30 | AU$0.11 | AU$5.18 | x |
| 2023-06-30 | AU$0.12 | AU$5.18 | x |
| 2024-06-30 | AU$0.16 | AU$5.18 | x |
| 2025-06-30 | AU$0.14 | AU$5.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Lottery Corporation Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 113.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.81%
- • Asset Turnover: 0.85x
- • Equity Multiplier: 13.69x
- Recent ROE (113.58%) is below the historical average (123.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 146.64% | 13.53% | 1.09x | 9.96x | AU$372.07 Million |
| 2022 | 142.75% | 10.57% | 0.78x | 17.37x | AU$322.32 Million |
| 2023 | 100.00% | 7.57% | 0.80x | 16.51x | AU$238.32 Million |
| 2024 | 114.02% | 10.41% | 0.91x | 12.02x | AU$377.69 Million |
| 2025 | 113.58% | 9.81% | 0.85x | 13.69x | AU$333.32 Million |
Industry Comparison
This section compares The Lottery Corporation Ltd's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $1,265,866,689
- Average return on equity (ROE) among peers: 30.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Lottery Corporation Ltd (TLC) | AU$321.80 Million | 146.64% | 12.69x | $8.16 Billion |
| Ainsworth Game Technology Ltd (AGI) | $17.07 Million | -73.45% | 3.75x | $337.20 Million |
| Aristocrat Leisure Ltd (ALL) | $6.73 Billion | 21.62% | 0.62x | $19.88 Billion |
| Betr Entertainment Ltd (BBT) | $48.61 Million | 6.13% | 0.22x | $129.02 Million |
| Betmakers Technology Group Ltd (BET) | $195.40 Million | -8.93% | 0.18x | $150.61 Million |
| Jumbo Interactive Ltd (JIN) | $-819.00K | 0.00% | 0.00x | $321.73 Million |
| Light & Wonder Inc (LNW) | $1.16 Billion | 316.54% | 4.18x | $6.36 Billion |
| Pointsbet Holdings Ltd (PBH) | $736.36 Million | -36.35% | 0.31x | $263.16 Million |
| Tabcorp Holdings Ltd (TAH) | $1.24 Billion | 15.10% | 1.01x | $1.18 Billion |
About The Lottery Corporation Ltd
The Lottery Corporation Limited engages in provision of gaming services in Australia. It operates lottery and Keno games under The Lott and Keno brand names. The company was founded in 1881 and is based in Brisbane, Australia.