Light & Wonder Inc (LNW) - Net Assets
Based on the latest financial reports, Light & Wonder Inc (LNW) has net assets worth $723.00 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.51 Billion) and total liabilities ($5.79 Billion). 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. Explore LNW operating cash flow to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $723.00 Million |
| % of Total Assets | 11.11% |
| Annual Growth Rate | 12.3% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 7397.77 |
Light & Wonder Inc - Net Assets Trend (1985–2024)
This chart illustrates how Light & Wonder Inc's net assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of Light & Wonder Inc to see how much of total assets are deployed in long-term investments.
Annual Net Assets for Light & Wonder Inc (1985–2024)
The table below shows the annual net assets of Light & Wonder Inc from 1985 to 2024. For live valuation and market cap data, see market cap of Light & Wonder Inc.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $636.00 Million | -16.86% |
| 2023-12-31 | $765.00 Million | -34.11% |
| 2022-12-31 | $1.16 Billion | +155.13% |
| 2021-12-31 | $-2.11 Billion | +16.56% |
| 2020-12-31 | $-2.52 Billion | -19.73% |
| 2019-12-31 | $-2.11 Billion | +14.42% |
| 2018-12-31 | $-2.46 Billion | -21.52% |
| 2017-12-31 | $-2.03 Billion | -4.72% |
| 2016-12-31 | $-1.94 Billion | -29.43% |
| 2015-12-31 | $-1.50 Billion | -38446.15% |
| 2014-12-31 | $3.90 Million | -98.96% |
| 2013-12-31 | $375.00 Million | +2.80% |
| 2012-12-31 | $364.79 Million | -17.79% |
| 2011-12-31 | $443.71 Million | -1.98% |
| 2010-12-31 | $452.66 Million | -26.96% |
| 2009-12-31 | $619.76 Million | +7.52% |
| 2008-12-31 | $576.43 Million | -12.82% |
| 2007-12-31 | $661.22 Million | +25.21% |
| 2006-12-31 | $528.08 Million | +36.51% |
| 2005-12-31 | $386.83 Million | +28.70% |
| 2004-12-31 | $300.56 Million | +26.74% |
| 2003-12-31 | $237.15 Million | +28.24% |
| 2002-12-31 | $184.93 Million | +668.03% |
| 2001-12-31 | $24.08 Million | -29.84% |
| 2000-12-31 | $34.32 Million | +171.20% |
| 1999-12-31 | $-48.20 Million | +0.82% |
| 1998-12-31 | $-48.60 Million | -46.39% |
| 1997-12-31 | $-33.20 Million | -64.36% |
| 1996-12-31 | $-20.20 Million | -269.75% |
| 1995-12-31 | $11.90 Million | -78.64% |
| 1994-12-31 | $55.70 Million | -25.93% |
| 1993-12-31 | $75.20 Million | +449.77% |
| 1992-12-31 | $-21.50 Million | +24.83% |
| 1991-12-31 | $-28.60 Million | -155.97% |
| 1990-12-31 | $51.10 Million | +174.73% |
| 1989-12-31 | $18.60 Million | +80.58% |
| 1988-12-31 | $10.30 Million | +21.18% |
| 1987-12-31 | $8.50 Million | +18.06% |
| 1986-12-31 | $7.20 Million | +4.35% |
| 1985-12-31 | $6.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Light & Wonder Inc'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 44073.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.02 Billion | 159.75% |
| Common Stock | $1.00 Million | 0.16% |
| Other Comprehensive Income | $-365.00 Million | -57.39% |
| Total Equity | $636.00 Million | 100.00% |
Light & Wonder Inc Competitors by Market Cap
The table below lists competitors of Light & Wonder Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanxi LuAn Environmental Energy Development Co Ltd
SHG:601699
|
$6.65 Billion |
|
IDFC First Bank Limited
NSE:IDFCFIRSTB
|
$6.65 Billion |
|
Oberoi Realty Limited
NSE:OBEROIRLTY
|
$6.66 Billion |
|
JCHX Mining Management Co Ltd
SHG:603979
|
$6.66 Billion |
|
Unicaja Banco SA
MC:UNI
|
$6.65 Billion |
|
Bank Millennium S.A.
WAR:MIL
|
$6.64 Billion |
|
Neway Valve suzhou Co Ltd
SHG:603699
|
$6.63 Billion |
|
Yunnan Wenshan Electric Power Co Ltd
SHG:600995
|
$6.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Light & Wonder Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 765,000,000 to 636,000,000, a change of -129,000,000 (-16.9%).
- Net income of 336,000,000 contributed positively to equity growth.
- Share repurchases of 462,000,000 reduced equity.
- Other comprehensive income decreased equity by 82,000,000.
- Other factors increased equity by 79,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $336.00 Million | +52.83% |
| Share Repurchases | $462.00 Million | -72.64% |
| Other Comprehensive Income | $-82.00 Million | -12.89% |
| Other Changes | $79.00 Million | +12.42% |
| Total Change | $- | -16.86% |
Book Value vs Market Value Analysis
This analysis compares Light & Wonder Inc'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: 11.67x
- 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 86.67x to 11.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $0.94 | $81.55 | x |
| 1986-12-31 | $0.98 | $81.55 | x |
| 1987-12-31 | $1.24 | $81.55 | x |
| 1988-12-31 | $1.35 | $81.55 | x |
| 1989-12-31 | $1.96 | $81.55 | x |
| 1990-12-31 | $3.52 | $81.55 | x |
| 1991-12-31 | $-1.68 | $81.55 | x |
| 1992-12-31 | $-1.45 | $81.55 | x |
| 1993-12-31 | $2.76 | $81.55 | x |
| 1994-12-31 | $1.99 | $81.55 | x |
| 1995-12-31 | $0.41 | $81.55 | x |
| 1996-12-31 | $-0.65 | $81.55 | x |
| 1997-12-31 | $-0.96 | $81.55 | x |
| 1998-12-31 | $-1.36 | $81.55 | x |
| 1999-12-31 | $-1.26 | $81.55 | x |
| 2000-12-31 | $0.93 | $81.55 | x |
| 2001-12-31 | $0.60 | $81.55 | x |
| 2002-12-31 | $2.11 | $81.55 | x |
| 2003-12-31 | $2.69 | $81.55 | x |
| 2004-12-31 | $3.31 | $81.55 | x |
| 2005-12-31 | $4.18 | $81.55 | x |
| 2006-12-31 | $5.56 | $81.55 | x |
| 2007-12-31 | $6.89 | $81.55 | x |
| 2008-12-31 | $6.42 | $81.55 | x |
| 2009-12-31 | $6.69 | $81.55 | x |
| 2010-12-31 | $4.88 | $81.55 | x |
| 2011-12-31 | $4.82 | $81.55 | x |
| 2012-12-31 | $4.05 | $81.55 | x |
| 2013-12-31 | $4.41 | $81.55 | x |
| 2014-12-31 | $0.05 | $81.55 | x |
| 2015-12-31 | $-17.41 | $81.55 | x |
| 2016-12-31 | $-22.17 | $81.55 | x |
| 2017-12-31 | $-22.78 | $81.55 | x |
| 2018-12-31 | $-27.07 | $81.55 | x |
| 2019-12-31 | $-23.78 | $81.55 | x |
| 2020-12-31 | $-27.93 | $81.55 | x |
| 2021-12-31 | $-23.02 | $81.55 | x |
| 2022-12-31 | $10.42 | $81.55 | x |
| 2023-12-31 | $8.23 | $81.55 | x |
| 2024-12-31 | $6.99 | $81.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Light & Wonder Inc 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): 52.83%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.54%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 8.52x
- Recent ROE (52.83%) is above the historical average (-147.79%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 15.94% | 13.75% | 0.75x | 1.55x | $410.00K |
| 1986 | 15.28% | 11.46% | 0.55x | 2.44x | $380.00K |
| 1987 | 15.29% | 7.18% | 0.75x | 2.82x | $450.00K |
| 1988 | 15.53% | 7.27% | 0.72x | 2.98x | $570.00K |
| 1989 | 9.68% | 5.84% | 0.83x | 1.99x | $-60.00K |
| 1990 | -5.28% | -3.90% | 0.45x | 3.02x | $-7.81 Million |
| 1991 | 0.00% | -176.55% | 1.02x | 0.00x | $-73.94 Million |
| 1992 | 0.00% | 11.92% | 0.71x | 0.00x | $7.25 Million |
| 1993 | 11.97% | 11.32% | 0.43x | 2.44x | $1.48 Million |
| 1994 | -39.68% | -14.82% | 0.61x | 4.41x | $-27.67 Million |
| 1995 | -419.33% | -32.57% | 0.64x | 20.25x | $-51.09 Million |
| 1996 | 0.00% | -19.41% | 0.90x | 0.00x | $-32.18 Million |
| 1997 | 0.00% | -11.25% | 1.02x | 0.00x | $-14.38 Million |
| 1998 | 0.00% | -9.98% | 1.02x | 0.00x | $-11.04 Million |
| 1999 | 0.00% | 0.19% | 1.27x | 0.00x | $5.22 Million |
| 2000 | -17.05% | -2.51% | 0.36x | 18.86x | $-9.28 Million |
| 2001 | -2.43% | -0.13% | 0.73x | 25.00x | $-2.99 Million |
| 2002 | 30.84% | 11.43% | 0.68x | 3.99x | $35.17 Million |
| 2003 | 21.99% | 9.30% | 0.58x | 4.06x | $28.43 Million |
| 2004 | 21.87% | 9.06% | 0.66x | 3.63x | $35.69 Million |
| 2005 | 19.47% | 9.64% | 0.67x | 3.03x | $36.64 Million |
| 2006 | 12.64% | 7.44% | 0.51x | 3.33x | $13.95 Million |
| 2007 | 9.89% | 6.25% | 0.50x | 3.18x | $-754.50K |
| 2008 | 1.42% | 0.76% | 0.51x | 3.66x | $-51.09 Million |
| 2009 | -6.43% | -4.30% | 0.40x | 3.70x | $-101.85 Million |
| 2010 | -32.96% | -16.91% | 0.41x | 4.75x | $-194.47 Million |
| 2011 | -2.83% | -1.43% | 0.41x | 4.87x | $-56.94 Million |
| 2012 | -17.17% | -6.66% | 0.43x | 5.99x | $-99.11 Million |
| 2013 | -8.05% | -2.77% | 0.26x | 11.31x | $-67.70 Million |
| 2014 | -6007.69% | -13.12% | 0.18x | 2562.87x | $-234.69 Million |
| 2015 | 0.00% | -50.54% | 0.36x | 0.00x | $-1.24 Billion |
| 2016 | 0.00% | -12.27% | 0.41x | 0.00x | $-160.13 Million |
| 2017 | 0.00% | -7.86% | 0.40x | 0.00x | $-39.60 Million |
| 2018 | 0.00% | -10.48% | 0.44x | 0.00x | $-106.10 Million |
| 2019 | 0.00% | -5.44% | 0.31x | 0.00x | $91.20 Million |
| 2020 | 0.00% | -33.49% | 0.21x | 0.00x | $-303.70 Million |
| 2021 | 0.00% | 17.23% | 0.27x | 0.00x | $596.60 Million |
| 2022 | 371.21% | 146.30% | 0.42x | 6.07x | $3.58 Billion |
| 2023 | 21.31% | 5.62% | 0.52x | 7.26x | $86.50 Million |
| 2024 | 52.83% | 10.54% | 0.59x | 8.52x | $272.40 Million |
Industry Comparison
This section compares Light & Wonder Inc's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $514,503,491
- Average return on equity (ROE) among peers: 7.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Light & Wonder Inc (LNW) | $723.00 Million | 15.94% | 8.00x | $6.65 Billion |
| Accel Entertainment Inc (ACEL) | $441.46 Million | 1.56% | 0.04x | $946.60 Million |
| PlayAGS Inc (AGS) | $112.73 Million | 45.81% | 5.29x | $518.40 Million |
| Brightstar Lottery PLC (BRSL) | $1.95 Billion | 7.99% | 4.36x | $2.05 Billion |
| Codere Online US Corp (CDRO) | $24.22 Million | 16.14% | 2.08x | $410.00 Million |
| Churchill Downs Incorporated (CHDN) | $506.21 Million | 3.23% | 1.01x | $5.86 Billion |
| DraftKings Inc (DKNG) | $-49.58 Million | 0.00% | 0.00x | $12.43 Billion |
| Everi Holdings Inc (EVRI) | $-56.69 Million | 0.00% | 0.00x | $1.24 Billion |
| Gambling.com Group Ltd (GAMB) | $87.11 Million | 2.74% | 0.59x | $84.23 Million |
| Gan Ltd (GAN) | $155.56 Million | -13.00% | 0.11x | $91.53 Million |
| International Game Technology PLC (IGT) | $1.97 Billion | 12.94% | 4.74x | $3.31 Billion |
About Light & Wonder Inc
Light & Wonder, Inc. operates as a cross-platform games company in the United States and internationally. The company operates through three segments: Gaming, SciPlay, and iGaming segments. The Gaming segment sells game content and gaming machine; video gaming terminals; video lottery terminals, including conversion kits and spare parts; and table game products, including automatic card shufflers… Read more