{"id":31557,"date":"2022-07-08T04:20:13","date_gmt":"2022-07-08T07:20:13","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31557"},"modified":"2026-04-23T07:02:35","modified_gmt":"2026-04-23T10:02:35","slug":"jp-morgan-assigns-price-target-of-5-15-for-the-lottery-corp","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/jp-morgan-assigns-price-target-of-5-15-for-the-lottery-corp","title":{"rendered":"JP Morgan assigns price target of $5.15 for The Lottery Corp"},"content":{"rendered":"\n<p>Analysts at JP Morgan believe few companies can raise capital as effectively as the Australian lottery operator.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.- Praised as Australia&#8217;s largest lottery company and one of the top-performing lottery companies in the world, The Lottery Corp has been assigned an overweight rating and a price target of $5.15 by analysts at JP Morgan.<\/p>\n\n\n\n<p>According to analysts, few companies can raise capital as effectively as the Australian lottery operator. They added the company&#8217;s value lies in its lightweight capital structure.<\/p>\n\n\n\n<p>JP Morgan stated: &#8220;We believe that TLC will perform better than most in a recession, and given its ability to generate strong returns and free cash flow there is upside to the targeted dividend payout ratio of 70-90 per cent of net profit after tax.&#8221;<\/p>\n\n\n\n<p>Regarding the transition to digital, analysts said that basing future performance on trends in recent years during the Covid-19 pandemic could be misleading. It noted that retail closures delivered huge one-time gains, which were further amplified by stimulus measures.<\/p>\n\n\n\n<p><strong>The Lottery Corporation\u00a0<\/strong>was created following the\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-names-board-and-management-roles-ahead-of-spin-off\" target=\"_blank\">Tabcorp demerger in 2022<\/a>. It covers lottery while New Tabcorp comprises the wagering, media and gaming services.<\/p>\n\n\n\n<p>Tabcorp first announced <strong>plans to spin off its lottery and keno divisions <\/strong>in&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-to-spin-off-its-businesses\" target=\"_blank\">July 2021<\/a>&nbsp;following a strategic review of its operations. The review examined Tabcorp\u2019s structure and ownership options to create more value for shareholders, including a possible sale of its gaming and media businesses. However, the group finally decided to spin off the lottery business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at JP Morgan believe few companies can raise capital as effectively as the Australian lottery operator.<\/p>\n","protected":false},"author":176,"featured_media":14452,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"JP Morgan analysts have assigned an 'overweight' rating and a $5.15 price target to The Lottery Corp (TLC), citing its robust capital structure and strong free cash flow generation. The Australian lottery operator is lauded for its ability to raise capital effectively and is projected to outperform in a recessionary environment, supporting a 70-90% dividend payout ratio. Analysts caution against extrapolating digital growth trends from the anomalous COVID-19 period, which saw temporary retail closures and stimulus-driven gains.","focusai_entities":"JP Morgan, The Lottery Corp, Tabcorp","focusai_location":"Australia","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.7), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"TLC Capital Strategy","query":"How does The Lottery Corp's 'lightweight capital structure' specifically contribute to its projected resilience in a recessionary environment, and what are the implications for its long-term growth initiatives?"},{"label":"Digital Transition Impact","query":"Beyond the COVID-19 anomaly, what are the fundamental drivers and challenges for The Lottery Corp's digital transition, and how might these influence future GGR and NGR growth trajectories?"}],"footnotes":""},"categories":[16336,163],"tags":[3573],"class_list":["post-31557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-lottery"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31557"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31557\/revisions"}],"predecessor-version":[{"id":31584,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31557\/revisions\/31584"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14452"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}