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Global maker of casino slot machines and digital/mobile social-casino games.
Global maker of casino slot machines and digital/mobile social-casino games.
Sells slot machines outright and also places many on a recurring daily fee (a lease or participation model), which gives steadier income than one-off sales. In digital, free-to-play social casino games earn from in-app purchases made through app stores, and it has been moving into regulated online real-money gaming.
In one line: Australia's IGT/Light & Wonder.
Moat: wide (scale, IP / patents, installed base). Leading global installed base of gaming machines plus a large stable of proprietary game IP and studios.
Headquarters: Sydney, Australia · Founded: 1953 · Employees: 7,400
Size Aristocrat Leisure (ALL.AX) is an Australia Consumer Discretionary company (Casinos/Gaming) with a market value of $26.9B, the 16th largest of 316 Australia companies the cockpit tracks. Shares closed at A$65.86 on 6 Nov 2026.
Performance Over six months the shares gained 26.8%, against -18.6% for the median peer and +4.1% for the Australia market (cap-weighted) — highest of 8 in its peer set.
Growth Revenue fell 1.2% over the last twelve months (peer median +8.4%); the operating margin is 32.3% (peer median 20.9%).
Valuation It trades at 24.8× forward earnings against a peer median of 14.3× (most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is +1 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 10.8 points above its cost of capital (8.4% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | A$6.29B | A$6.30B | A$5.67B | A$6.30B | A$5.57B |
| Revenue growth | — | +11% | -10% | +13% | — |
| Gross profit | A$3.67B | A$3.70B | A$3.45B | A$3.44B | A$2.95B |
| EBITDA | A$2.58B | A$2.54B | A$2.23B | A$2.09B | A$1.85B |
| Net income | A$1.47B | A$1.43B | A$1.30B | A$1.45B | A$948M |
| Free cash flow | A$1.64B | A$1.58B | A$1.35B | A$1.45B | A$1.04B |
| Capital expenditure | A$429M | A$458M | A$494M | A$453M | A$269M |
| Total debt | n/a | A$2.03B | A$2.41B | A$2.68B | A$2.79B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Aristocrat Leisure ALL.AX | $26.9B | +27% | -1% | 32% | 24.8× | 9.5% |
| Light & Wonder, Inc. Shs Chess Depository Interests Repr 1 Sh LNW.AX | $6.22B | +1% | 0% | 27% | 9.4× | -8.5% |
| Playtech PTEC.L | $1.39B | +7% | -54% | 0% | 11.4× | -6.0% |
| Konami 9766.T | $23.5B | +45% | +25% | 33% | 25.7× | -1.5% |
| Playtika PLTK | $931M | -33% | +6% | 17% | 3.8× | -16.4% |
| Sega Sammy 6460.T | $4.28B | +46% | +24% | 10% | 17.8× | -2.3% |
| Universal Entertainment 6425.T | $324M | -10% | +9% | 4% | 9.4× | 15.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | ALL.AX | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.2% | +10.4% | 4th lowest of 8 |
| 6-month return | +26.8% | -18.6% | highest of 8 |
| Distance from 52-week high | -1.6% | -38.0% | highest of 8 |
| Revenue growth (TTM) | -1.2% | +8.4% | lowest of 8 |
| Operating margin | 32.3% | 20.9% | highest of 8 |
| Forward P/E | 24.8× | 14.3× | most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 9.5% | 2.5% | 3rd most demanding of 8 |
| Growth delivered (Del g) | +8.8% | +28.7% | lowest of 8 |
| Hurdle (Req g minus delivered) | +0.8 pp | -26.0 pp | 2nd most demanding of 8 |
| ROIC minus cost of capital | +10.8 pp | +4.0 pp | 2nd highest of 8 |
| EV / EBITDA | 15.5× | 9.9× | 2nd most expensive of 8 |
| Net debt / EBITDA | 0.5× | 2.8× | 2nd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Aristocrat Leisure ALL.AX | Australia | $26.9B | +27% | -1% | 32% | 24.8× | 9.5% | +8.8% |
| Las Vegas Sands LVS | United States | $25.5B | -23% | +11% | 22% | 14.2× | -2.5% | +34.7% |
| Galaxy Ent 0027.HK | Hong Kong | $19.4B | +8% | +8% | 32% | 14.2× | 2.8% | +28.7% |
| Flutter Entertainment FLUT | United States | $14.2B | -19% | +12% | 2% | 14.3× | 26.3% | +23.7% |
| Sands China 1928.HK | Hong Kong | $11.4B | -30% | +9% | 26% | 12.9× | 2.5% | +34.0% |
| Wynn Resorts WYNN | United States | $8.56B | -19% | +6% | 16% | 20.8× | 1.7% | +27.8% |
| MGM Resorts MGM | United States | $8.18B | -17% | +3% | 6% | 24.0× | 16.0% | +27.7% |
| Lottomatica LTMC.MI | Italy | $7.17B | +4% | +4% | 21% | 15.4× | -1.4% | +42.7% |