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Aristocrat Leisure

DB:AC8
Snowflake Description

Average dividend payer with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AC8
DB
A$13B
Market Cap
  1. Home
  2. DE
  3. Consumer Services
Company description

Aristocrat Leisure Limited, together with its subsidiaries, engages in the development, assembly, sale, distribution, and servicing of games and systems in the Americas, Australia, New Zealand, and internationally. The last earnings update was 139 days ago. More info.


Add to Portfolio Compare Print
  • Aristocrat Leisure has significant price volatility in the past 3 months.
AC8 Share Price and Events
7 Day Returns
-11.7%
DB:AC8
-6.8%
DE Hospitality
-0.6%
DE Market
1 Year Returns
-31.2%
DB:AC8
-48.1%
DE Hospitality
-20.9%
DE Market
AC8 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aristocrat Leisure (AC8) -11.7% -39.2% -47.2% -31.2% -13.7% 83.1%
DE Hospitality -6.8% -31.3% -57.6% -48.1% -63.2% -70.6%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • AC8 outperformed the Hospitality industry which returned -48.1% over the past year.
  • AC8 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
AC8
Industry
5yr Volatility vs Market

AC8 Value

 Is Aristocrat Leisure undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Aristocrat Leisure to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Aristocrat Leisure.

DB:AC8 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 4.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:AC8
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.78
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.782 (1 + (1- 30%) (21.52%))
0.933
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.93
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (0.933 * 5.44%)
4.68%

Discounted Cash Flow Calculation for DB:AC8 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Aristocrat Leisure is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:AC8 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (AUD, Millions) Source Present Value
Discounted (@ 4.68%)
2020 752.45 Analyst x5 718.77
2021 923.88 Analyst x5 843.04
2022 1,137.33 Analyst x3 991.37
2023 1,096.00 Analyst x1 912.59
2024 1,068.58 Est @ -2.5% 849.94
2025 1,048.61 Est @ -1.87% 796.73
2026 1,033.67 Est @ -1.42% 750.23
2027 1,022.15 Est @ -1.11% 708.67
2028 1,012.98 Est @ -0.9% 670.88
2029 1,005.43 Est @ -0.74% 636.08
Present value of next 10 years cash flows A$7,878.00
DB:AC8 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= A$1,005.43 × (1 + -0.39%) ÷ (4.68% – -0.39%)
A$19,734.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= A$19,734.80 ÷ (1 + 4.68%)10
A$12,485.18
DB:AC8 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= A$7,878.00 + A$12,485.18
A$20,363.18
Equity Value per Share
(AUD)
= Total value / Shares Outstanding
= A$20,363.18 / 638.54
A$31.89
DB:AC8 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:AC8 represents 0.54642x of ASX:ALL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.54642x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (AUD) x Listing Adjustment Factor
= A$ 31.89 x 0.54642
€17.43
Value per share (EUR) From above. €17.43
Current discount Discount to share price of €11.30
= -1 x (€11.30 - €17.43) / €17.43
35.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Aristocrat Leisure is available for.
Intrinsic value
35%
Share price is €11.3 vs Future cash flow value of €17.43
Current Discount Checks
For Aristocrat Leisure to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aristocrat Leisure's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Aristocrat Leisure's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Aristocrat Leisure's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aristocrat Leisure's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:AC8 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in AUD A$1.10
ASX:ALL Share Price ** ASX (2020-04-03) in AUD A$20.68
Germany Hospitality Industry PE Ratio Median Figure of 9 Publicly-Listed Hospitality Companies 21.1x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Aristocrat Leisure.

DB:AC8 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:ALL Share Price ÷ EPS (both in AUD)

= 20.68 ÷ 1.10

18.86x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aristocrat Leisure is good value based on earnings compared to the DE Hospitality industry average.
  • Aristocrat Leisure is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Aristocrat Leisure's expected growth come at a high price?
Raw Data
DB:AC8 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 18.86x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
13.8%per year
Europe Hospitality Industry PEG Ratio Median Figure of 63 Publicly-Listed Hospitality Companies 0.96x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:AC8 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 18.86x ÷ 13.8%

1.37x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aristocrat Leisure is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aristocrat Leisure's assets?
Raw Data
DB:AC8 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in AUD A$3.37
ASX:ALL Share Price * ASX (2020-04-03) in AUD A$20.68
Germany Hospitality Industry PB Ratio Median Figure of 12 Publicly-Listed Hospitality Companies 1.73x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:AC8 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:ALL Share Price ÷ Book Value per Share (both in AUD)

= 20.68 ÷ 3.37

6.14x

* Primary Listing of Aristocrat Leisure.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Aristocrat Leisure is overvalued based on assets compared to the DE Hospitality industry average.
X
Value checks
We assess Aristocrat Leisure's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Aristocrat Leisure has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

AC8 Future Performance

 How is Aristocrat Leisure expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aristocrat Leisure expected to grow at an attractive rate?
  • Aristocrat Leisure's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Aristocrat Leisure's earnings growth is positive but not above the Germany market average.
  • Aristocrat Leisure's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:AC8 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:AC8 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 13.8%
DB:AC8 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 7.2%
Germany Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 28.9%
Germany Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 4%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:AC8 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:AC8 Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 5,538 1,470 1,161 1
2022-09-30 5,429 1,512 1,038 10
2021-09-30 4,936 1,268 852 13
2020-09-30 4,293 1,096 616 13
2020-04-06
DB:AC8 Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2019-09-30 4,397 1,086 699
2019-06-30 4,226 1,105 665
2019-03-31 4,095 1,124 632
2018-12-31 3,823 1,029 587
2018-09-30 3,510 934 543
2018-06-30 3,147 789 522
2018-03-31 2,785 645 502
2017-12-31 2,620 722 499
2017-09-30 2,454 799 495
2017-06-30 2,400 798 468
2017-03-31 2,347 798 441
2016-12-31 2,238 739 396

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aristocrat Leisure's earnings are expected to grow by 13.8% yearly, however this is not considered high growth (20% yearly).
  • Aristocrat Leisure's revenue is expected to grow by 7.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:AC8 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Aristocrat Leisure Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AC8 Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30 1.82 1.82 1.82 1.00
2022-09-30 1.64 1.73 1.56 4.00
2021-09-30 1.32 1.52 1.10 7.00
2020-09-30 0.88 1.03 0.57 7.00
2020-04-06
DB:AC8 Past Financials Data
Date (Data in AUD Millions) EPS *
2019-09-30 1.10
2019-06-30 1.04
2019-03-31 0.99
2018-12-31 0.92
2018-09-30 0.85
2018-06-30 0.82
2018-03-31 0.79
2017-12-31 0.78
2017-09-30 0.78
2017-06-30 0.73
2017-03-31 0.69
2016-12-31 0.62

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Aristocrat Leisure is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Aristocrat Leisure's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Aristocrat Leisure has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

AC8 Past Performance

  How has Aristocrat Leisure performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Aristocrat Leisure's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Aristocrat Leisure has delivered over 20% year on year earnings growth in the past 5 years.
  • Aristocrat Leisure's 1-year earnings growth is less than its 5-year average (28.8% vs 29.9%)
  • Aristocrat Leisure's earnings growth has exceeded the DE Hospitality industry average in the past year (28.8% vs -36.8%).
Earnings and Revenue History
Aristocrat Leisure's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Aristocrat Leisure Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:AC8 Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 4,397.40 698.80 763.70 500.40
2019-06-30 4,226.25 665.45 735.75 488.55
2019-03-31 4,095.40 632.10 707.80 476.70
2018-12-31 3,822.60 587.35 675.15 445.15
2018-09-30 3,509.50 542.60 642.50 413.60
2018-06-30 3,147.40 522.30 595.25 366.20
2018-03-31 2,785.30 502.00 548.00 318.80
2017-12-31 2,619.55 498.55 492.50 293.60
2017-09-30 2,453.80 495.10 437.00 268.40
2017-06-30 2,400.45 468.05 430.85 265.05
2017-03-31 2,347.10 441.00 424.70 261.70
2016-12-31 2,237.90 395.75 422.85 250.45
2016-09-30 2,128.70 350.50 421.00 239.20
2016-03-31 1,907.22 241.91 425.99 214.81
2015-12-31 1,744.81 199.30 399.34 203.10
2015-09-30 1,582.40 156.70 372.70 191.40
2015-03-31 1,112.72 129.28 240.17 145.58
2014-12-31 973.19 123.13 202.64 134.17
2014-09-30 833.67 116.98 165.11 122.75
2014-03-31 823.49 120.24 171.17 121.79
2013-12-31 810.77 115.72 171.39 118.80
2013-09-30 798.05 111.21 171.60 115.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Aristocrat Leisure has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Aristocrat Leisure used its assets more efficiently than the DE Hospitality industry average last year based on Return on Assets.
  • Aristocrat Leisure's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aristocrat Leisure's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Aristocrat Leisure has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

AC8 Health

 How is Aristocrat Leisure's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Aristocrat Leisure's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aristocrat Leisure is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aristocrat Leisure's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Aristocrat Leisure's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Aristocrat Leisure Company Filings, last reported 6 months ago.

DB:AC8 Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 2,143.60 2,840.70 575.10
2019-06-30 2,143.60 2,840.70 575.10
2019-03-31 1,887.00 2,951.40 513.70
2018-12-31 1,887.00 2,951.40 513.70
2018-09-30 1,732.50 2,880.20 435.50
2018-06-30 1,732.50 2,880.20 435.50
2018-03-31 1,513.40 2,914.60 376.20
2017-12-31 1,513.40 2,914.60 376.20
2017-09-30 1,345.60 1,199.50 553.50
2017-06-30 1,345.60 1,199.50 553.50
2017-03-31 1,243.80 1,229.30 400.70
2016-12-31 1,243.80 1,229.30 400.70
2016-09-30 1,075.50 1,298.10 289.10
2016-03-31 955.79 1,577.68 349.88
2015-12-31 955.79 1,577.68 349.88
2015-09-30 917.40 1,787.40 339.10
2015-03-31 786.19 2.73 169.00
2014-12-31 786.19 2.73 169.00
2014-09-30 706.08 114.26 293.61
2014-03-31 386.55 252.99 26.58
2013-12-31 386.55 252.99 26.58
2013-09-30 375.43 237.43 35.92
  • Aristocrat Leisure's level of debt (132.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (16% vs 132.5% today).
  • Debt is well covered by operating cash flow (38.2%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 9.3x coverage).
X
Financial health checks
We assess Aristocrat Leisure's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Aristocrat Leisure has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

AC8 Dividends

 What is Aristocrat Leisure's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.71%
Current annual income from Aristocrat Leisure dividends. Estimated to be 3% next year.
If you bought €2,000 of Aristocrat Leisure shares you are expected to receive €54 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Aristocrat Leisure's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Aristocrat Leisure's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:AC8 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
Germany Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 11.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:AC8 Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2023-09-30 0.82 1.00
2022-09-30 0.74 10.00
2021-09-30 0.63 12.00
2020-09-30 0.49 12.00
2020-04-06
DB:AC8 Past Annualized Dividends Data
Date (Data in A$) Dividend per share (annual) Avg. Yield (%)
2019-11-19 0.560 1.814
2019-05-22 0.490 1.622
2018-11-28 0.460 1.893
2018-05-24 0.390 1.325
2017-11-29 0.340 1.391
2017-05-24 0.290 1.327
2016-11-29 0.300 1.781
2016-05-25 0.200 1.365
2015-11-24 0.180 1.793
2015-05-25 0.160 1.889
2014-11-24 0.160 2.190
2014-05-27 0.160 2.782
2013-11-25 0.145 2.996
2013-05-28 0.090 2.014
2012-11-27 0.060 1.676
2012-08-27 0.080 2.903
2012-02-28 0.065 2.323
2011-08-25 0.040 1.744
2011-02-24 0.030 1.144
2010-08-24 0.070 2.178
2010-02-22 0.000 0.000
2009-08-25 0.090 2.037

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Aristocrat Leisure's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Aristocrat Leisure's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Aristocrat Leisure afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aristocrat Leisure has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

AC8 Management

 What is the CEO of Aristocrat Leisure's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Trevor Croker
COMPENSATION A$5,606,277
TENURE AS CEO 3.2 years
CEO Bio

Mr. Trevor J. Croker serves as a Director of the Australasian Gaming Council and the American Gaming Association. He serves as Managing Director of Anz, Asia & EMEA at Aristocrat Technologies Europe Ltd. Mr. Croker has been the Chief Executive Officer and Managing Director at Aristocrat Leisure Limited since February 28, 2017 and March 1, 2017 respectively and serves as its Director. Mr. Croker served as the Chief Digital Officer and Executive Vice President of Global Products and Insights at Aristocrat Leisure Ltd until March 1, 2017. He served as the Managing Director of Australia and New Zealand at Aristocrat Leisure Ltd. Mr. Croker served as a Managing Director of Australia, New Zealand, Asia Pacific & EMEA at Aristocrat Leisure Limited since October 2009. He has significant experience building high performance sales organizations. Mr. Croker served as a Sales Director of Carlton & United Breweries from February 2009 to June 2009. He served as a Sales Director of Foster’s Australia from 2007 to 2009, Sales Director for National Accounts from 2006 to 2007 and Director of Customer Marketing from 2005 to 2006. Mr. Croker served as a Marketing Director of Asia Pacific at Beringer Blass Wine Estates from 2004 to 2005, Sales Director, Asia Pacific from 2002 to 2004 and National Sales Director (Australia) from 1999 to 2002. He served as NSW State Manager (North) of Carlton & United Breweries from 1997 to 1999, Queensland Regional Business Manager from 1995 to 1997 and Business Development Manager from 1994 to 1995. Mr. Croker holds a Graduate Diploma in Management from University of New South Wales in 2004 and an Associate Diploma Sports Administration from Griffith University in 1987.

CEO Compensation
  • Trevor's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Trevor's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure of the Aristocrat Leisure management team in years:

3.5
Average Tenure
  • The tenure for the Aristocrat Leisure management team is about average.
Management Team

Trevor Croker

TITLE
CEO, MD & Director
COMPENSATION
A$6M
TENURE
3.2 yrs

Julie Cameron-Doe

TITLE
Chief Financial Officer
COMPENSATION
A$2M
TENURE
2.3 yrs

Mitch Bowen

TITLE
CEO of Global Land Based & Chief Transformation Officer
COMPENSATION
A$1M
TENURE
3.1 yrs

James Alvarez

TITLE
Chief Information Officer

Rohan Gallagher

TITLE
General Manager of Investor Relations & Treasury

Chris Hill

TITLE
Chief Legal Officer
AGE
58
TENURE
0.1 yrs

Christie Roser

TITLE
Chief People & Culture Officer
TENURE
3.8 yrs

Victor Blanco

TITLE
Senior Vice President of Platform Architecture
COMPENSATION
A$951K
TENURE
10.3 yrs

Rich Schneider

TITLE
Chief Product Officer
AGE
61
TENURE
8.8 yrs

James Boje

TITLE
Managing Director of Europe
TENURE
5.5 yrs
Board of Directors Tenure

Average tenure and age of the Aristocrat Leisure board of directors in years:

3.5
Average Tenure
63
Average Age
  • The tenure for the Aristocrat Leisure board of directors is about average.
Board of Directors

Neil Chatfield

TITLE
Independent Non-Executive Chairman
COMPENSATION
A$490K
AGE
65
TENURE
1.2 yrs

Trevor Croker

TITLE
CEO, MD & Director
COMPENSATION
A$6M
TENURE
3.1 yrs

Kathleen Conlon

TITLE
Independent Non-Executive Director
COMPENSATION
A$310K
AGE
55
TENURE
6.2 yrs

Pat Ramsey

TITLE
Independent Non-Executive Director
COMPENSATION
A$371K
AGE
45
TENURE
3.5 yrs

Arlene Tansey

TITLE
Independent Non-Executive Director
COMPENSATION
A$310K
AGE
62
TENURE
3.8 yrs

Sylvia D. Couder

TITLE
Independent Non-Executive Director
COMPENSATION
A$371K
AGE
66
TENURE
3.6 yrs

Philippe Etienne

TITLE
Non-Executive Director
AGE
64
TENURE
0.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Aristocrat Leisure's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Aristocrat Leisure has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

AC8 News

Simply Wall St News

AC8 Company Info

Description

Aristocrat Leisure Limited, together with its subsidiaries, engages in the development, assembly, sale, distribution, and servicing of games and systems in the Americas, Australia, New Zealand, and internationally. The company offers gaming content; and platforms and systems, including electronic gaming machines, casino management systems, and digital social games, as well as social Web and mobile gaming services. It also provides cabinets and gaming products. Aristocrat Leisure Limited was incorporated in 1984 and is headquartered in North Ryde, Australia.

Details
Name: Aristocrat Leisure Limited
AC8
Exchange: DB
Founded: 1984
A$7,355,207,453
638,544,150
Website: http://www.aristocrat.com
Address: Aristocrat Leisure Limited
Building A,
Pinnacle Office Park,
North Ryde,
New South Wales, 2113,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX ALL Ordinary Shares Australian Securities Exchange AU AUD 10. Jul 1996
OTCPK ARLU.F Ordinary Shares Pink Sheets LLC US USD 10. Jul 1996
DB AC8 Ordinary Shares Deutsche Boerse AG DE EUR 10. Jul 1996
CHIA ALL Ordinary Shares Chi-X Australia AU AUD 10. Jul 1996
Number of employees
Current staff
Staff numbers
6,400
Aristocrat Leisure employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 00:52
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/04/03
Last earnings filing: 2019/11/19
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.