Tabcorp Holdings Limited (TACBY)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Tabcorp Holdings Limited (TACBY) trades at $0.75. Tabcorp Holdings Limited, an Australian gambling and entertainment company, offers comprehensive wagering, media, and gaming services across the country. Market cap: $972.18M, Sector: Consumer cyclical.
Price live · AI analysis from Jun 14, 2026Analyst Coverage for TACBY: TACBY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TACBY against Consumer Cyclical peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
TACBY: 1/1 perspectives are bearish.
How is this calculated? →Tabcorp Holdings Limited (TACBY) Consumer Business Overview
Tabcorp Holdings Limited is a leading Australian provider of wagering, media, and gaming services, leveraging an extensive retail network and digital platforms. The company's dual focus on traditional betting and electronic gaming machine management positions it uniquely within the dynamic Australian consumer cyclical sector, established since 1881.
What Is the Investment Thesis for TACBY?
Tabcorp Holdings Limited (TACBY) presents an established market position within the Australian gambling and entertainment sector, evidenced by its comprehensive Wagering and Media and Gaming Services divisions. With a market capitalization of $972.18M and a dividend yield of 2.99%, the company offers income potential alongside its operational footprint. Its P/E ratio of 57.02 and a profit margin of 1.5% reflect its current earnings structure. Growth catalysts include the ongoing expansion of its digital platforms (internet, mobile applications) to capture evolving consumer preferences for online betting, and the continued development of its Sky Racing media assets. The Gaming Services division's role in supplying and managing EGMs, coupled with strategic consultation and loyalty programs, provides a stable revenue stream. The company's beta of 0.77 suggests lower volatility relative to the broader market. Investors may want to evaluate its established brand, extensive network, and potential for digital transformation as key value drivers, while monitoring the evolving regulatory landscape and competitive pressures in the Australian wagering and lottery markets.
Based on FMP financials and quantitative analysis
TACBY Key Highlights
- Market Capitalization of $972.18M, indicating its current valuation within the Australian gambling and entertainment sector.
- P/E ratio of 57.02, reflecting investor expectations for future earnings relative to its current share price.
- Profit Margin of 1.5%, demonstrating the company's profitability from its comprehensive wagering, media, and gaming services.
- Gross Margin of 19.4%, highlighting the efficiency of its core operations before accounting for operating expenses.
- Dividend Yield of 2.99%, providing a return to shareholders based on its current dividend payments and share price.
Who Are TACBY's Competitors?
TACBY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| PDSSF Paradise Entertainment Limited | $0.09 | +0.00% | $96.39M | 63 |
| RSI Rush Street Interactive (RSI) | $32.30 | +1.96% | $7.68B | 62 |
| CDRO Codere Online Luxembourg, S.A. | $9.52 | -0.47% | $432.65M | 59 |
| SLNA Selina Hospitality PLC | $0.03 | -20.21% | $16.31M | 59 |
| FLUT Flutter Entertainment plc | $107.30 | +1.19% | $18.61B | 48 |
| SCHYY Sands China Ltd. | $17.02 | +1.01% | $13.77B | 48 |
| GXYYY Galaxy Entertainment Group Limited | $19.39 | +2.37% | $16.98B | 48 |
| BALY Bally's Corporation | $13.15 | -10.51% | $643.92M | 48 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TACBY's Key Strengths?
- Established market position in Australian wagering and gaming services with a strong brand presence (TAB).
- Extensive multi-channel distribution network including retail agencies, digital platforms, and media assets.
- Diversified revenue streams from wagering, media, and gaming services.
- Proprietary media channels (Sky Racing) provide exclusive content and cross-promotional opportunities.
What Are TACBY's Weaknesses?
- Profit margin of 1.5% and gross margin of 19.4% indicate relatively thin profitability compared to some industry peers.
- High P/E ratio of 57.02 may suggest a premium valuation relative to current earnings.
- Reliance on a highly regulated industry, subject to potential policy changes and increased compliance costs.
- Exposure to shifts in consumer preferences towards purely online-only operators, potentially impacting retail network value.
What Could Drive TACBY Stock Higher?
- Potential for increased digital wagering adoption driven by enhanced mobile application features and user experience improvements, attracting a younger demographic.
- Continued expansion of Sky Racing's digital content offerings and partnerships, potentially increasing viewership and advertising revenue.
- Introduction of new electronic gaming machine (EGM) technologies and integrated solutions for licensed venues, driving demand in the Gaming Services segment.
- Strategic initiatives to expand international betting and pooling functionalities, diversifying revenue streams beyond the Australian market.
- Regulatory clarity or favorable policy changes in the Australian gambling sector that could reduce operational uncertainties or open new market opportunities.
What Are the Key Risks for TACBY?
- Financial-distress signal — its Altman Z-Score of 0.64 sits in the distress zone (elevated bankruptcy risk).
- Evolving regulatory landscape for online gambling in Australia, which could lead to stricter operational requirements or increased taxation, impacting profitability.
- Intense competition from domestic and international online betting operators, potentially eroding market share and pricing power.
- Economic downturns or changes in consumer discretionary spending habits, which could reduce wagering turnover and demand for gaming services.
- Operational risks associated with maintaining an extensive retail network and complex digital infrastructure, including cybersecurity threats and system outages.
- Currency fluctuations between the Australian Dollar and U.S. Dollar, impacting the value of ADRs and dividends for U.S. investors.
What Are the Growth Opportunities for TACBY?
- **Expansion of Digital Wagering Platforms:** Tabcorp can significantly grow by enhancing and expanding its internet and mobile application betting platforms. The global online gambling market is projected to continue its robust growth, driven by increasing smartphone penetration and digital payment adoption. By investing in user experience, personalized offerings, and advanced analytics for its TAB brand, Tabcorp can capture a larger share of the digitally-native betting audience. This strategy leverages existing brand recognition and infrastructure to tap into a high-growth segment, potentially increasing customer engagement and transaction volumes over the next 3-5 years.
- **Leveraging Media Assets for Content Monetization:** The company's Sky Racing television channels and Sky Racing Active digital application represent substantial media assets. Growth can be achieved by expanding content offerings, securing exclusive broadcasting rights, and exploring new monetization avenues such as premium subscriptions, targeted advertising, or partnerships with international racing bodies. As demand for live sports content, particularly racing, remains strong, optimizing these media platforms can attract a broader viewership and generate additional revenue streams, enhancing brand loyalty and cross-promotion opportunities for wagering services within a 2-4 year timeframe.
- **Strategic Expansion of Gaming Services:** Tabcorp's Gaming Services division, which supplies and supports electronic gaming machines (EGMs) and integrated systems, offers a clear growth path. By expanding its client base of licensed gaming establishments and introducing innovative EGM technologies, loyalty programs, and business intelligence analytics, the company can increase its market penetration. The demand for advanced, compliant, and efficient gaming solutions continues to rise among venues. Focusing on value-added services like cashless solutions and data analytics can create deeper partnerships and recurring revenue, solidifying its position as a preferred provider in the Australian gaming market over the next 3-5 years.
- **International Betting and Pooling Functionalities:** The provision of international betting and pooling functionalities within the Wagering and Media segment presents an opportunity for global revenue diversification. By forging partnerships with international racing bodies and wagering operators, Tabcorp can expand its reach beyond Australian borders, tapping into larger global betting pools. This strategy allows the company to leverage its expertise in racing integrity and technology on a broader scale, potentially increasing turnover and media rights revenue. This international expansion could unfold gradually over a 5-year horizon, contingent on regulatory approvals and strategic alliances.
- **Enhancing Data Analytics and Business Intelligence:** Investing further in data analytics capabilities across both its Wagering and Media and Gaming Services divisions can drive significant growth. By analyzing customer behavior, betting patterns, and EGM performance, Tabcorp can optimize product offerings, personalize marketing campaigns, and identify operational efficiencies. This data-driven approach allows for more informed strategic decisions, improved customer retention through tailored loyalty programs, and the development of new, highly targeted products. The continuous refinement of business intelligence tools can lead to enhanced profitability and competitive advantage over the long term, with incremental benefits realized annually.
What Opportunities Does TACBY Have?
- Further expansion and innovation in digital wagering platforms to capture growing online market share.
- Leveraging data analytics to personalize offerings and enhance customer engagement across all segments.
- Potential for international expansion of betting and pooling functionalities through strategic partnerships.
- Growth in demand for integrated gaming machine systems and value-added services for licensed venues.
What Threats Does TACBY Face?
- Evolving regulatory landscape for online gambling in Australia, potentially leading to stricter controls or higher taxes.
- Intense competition from domestic and international online-only betting operators.
- Economic downturns impacting discretionary consumer spending on gambling and entertainment.
- Technological disruptions requiring continuous investment to maintain competitive edge and combat cyber threats.
What Are TACBY's Competitive Advantages?
- **Extensive Retail Network:** A vast physical presence through TAB agencies, hotels, and clubs provides widespread accessibility and brand visibility that is difficult for new entrants to replicate.
- **Integrated Media Assets:** Ownership and operation of Sky Racing channels and Sky Sports Radio create a unique ecosystem that drives engagement and cross-promotion for wagering services.
- **Established Brand Recognition:** The TAB brand is deeply ingrained in the Australian gambling landscape, fostering trust and loyalty among a large customer base.
- **Regulatory Expertise and Compliance:** Operating in a highly regulated industry, Tabcorp's long history and experience in navigating complex compliance requirements serve as a significant barrier to entry.
- **Comprehensive Service Offering:** The combination of wagering, media, and gaming services provides a holistic solution for customers and venues, creating stickiness and reducing reliance on single revenue streams.
What Does TACBY Do?
Tabcorp Holdings Limited, alongside its affiliated companies, delivers a comprehensive suite of wagering and entertainment services throughout Australia, maintaining a significant presence in the consumer cyclical sector. Established in 1881 and headquartered in Melbourne, Australia, the company has evolved to offer its diverse services through two primary operational segments: Wagering and Media, and Gaming Services. The Wagering and Media division provides offerings via an extensive network that includes TAB agencies, numerous hotels and clubs, and on-course operations, ensuring broad accessibility. Customers can engage with these services through traditional retail channels, internet platforms, mobile applications, and telephone betting, catering to a wide range of consumer preferences. This segment also features "Trackside," a computer-simulated racing product, alongside international betting and pooling functionalities, expanding its reach beyond domestic markets. Furthermore, Tabcorp manages three dedicated Sky Racing television channels, which broadcast live coverage of thoroughbred, harness, and greyhound racing, complemented by Sky Racing Active, a digital application for live and on-demand content. The Sky Sports Radio network further enhances its media footprint. The Gaming Services division is dedicated to the oversight and support for electronic gaming machines (EGMs). It is responsible for the supply of EGMs and integrated systems, offering specialized knowledge and strategic consultation to licensed gaming establishments. This includes providing valuable supplementary services such as gaming and loyalty programs, business intelligence analytics, and cashless and ticket-in/ticket-out solutions. Additionally, this division handles the critical logistics, installation, and relocation tasks, alongside providing repair and upkeep for EGMs, lottery and betting terminals, and various other transactional equipment, ensuring operational efficiency and reliability for its clients.
What Products and Services Does TACBY Offer?
- Offers wagering services through TAB agencies, hotels, clubs, and on-course operations across Australia.
- Provides digital betting via internet platforms, mobile applications, and telephone betting.
- Manages three Sky Racing television channels broadcasting live thoroughbred, harness, and greyhound racing.
- Operates Sky Racing Active, a digital app for live and on-demand racing content, and Sky Sports Radio network.
- Supplies electronic gaming machines (EGMs) and integrated systems to licensed gaming establishments.
- Offers strategic consultation, gaming and loyalty programs, and business intelligence analytics for gaming venues.
- Handles logistics, installation, relocation, repair, and upkeep for EGMs and other transactional equipment.
- Provides "Trackside," a computer-simulated racing product, and international betting/pooling functionalities.
How Does TACBY Make Money?
- Generates revenue from commissions and margins on wagering activities across retail, digital, and telephone channels.
- Earns fees from media rights, advertising, and potentially subscriptions through its Sky Racing television and digital platforms.
- Derives income from the supply, installation, maintenance, and support services for electronic gaming machines (EGMs) and associated systems.
- Provides strategic consulting and value-added services like loyalty programs and business intelligence to gaming establishments for a fee.
- Monetizes international betting and pooling functionalities through partnerships and transaction fees.
What Industry Does TACBY Operate In?
Tabcorp Holdings Limited operates within the highly regulated and competitive Australian gambling, resorts, and casinos industry, a significant component of the consumer cyclical sector. The industry is characterized by evolving consumer preferences, a shift towards digital platforms, and stringent regulatory oversight. Tabcorp holds an established position, particularly in wagering and electronic gaming machine services, leveraging its extensive retail network and media assets like Sky Racing. Market trends indicate a continued growth in online betting and digital entertainment consumption, alongside a steady demand for traditional retail gambling experiences. The competitive landscape includes both domestic and international operators vying for market share in online wagering, lotteries, and gaming services. Tabcorp's integrated approach, combining retail, digital, and media offerings, aims to differentiate it within this dynamic environment, catering to a broad spectrum of Australian consumers.
Who Are TACBY's Key Customers?
- Individual bettors and punters utilizing TAB agencies, hotels, clubs, and digital platforms for wagering.
- Licensed gaming establishments, including hotels and clubs, that require EGM supply, systems, and support services.
- Viewers and listeners of Sky Racing television channels and Sky Sports Radio seeking racing content.
- International wagering operators and racing bodies participating in international betting pools.
- Advertisers seeking to reach audiences interested in racing and gambling entertainment.
F-Score 4/9Financial Health
Tabcorp Holdings Limited's Piotroski F-Score is 4/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.64 places it in the distress zone, a signal of elevated financial risk.
TACBY Valuation & Market Position
With a $972.18M market cap, Tabcorp Holdings Limited sits in the small-cap segment of the market.
ROE 3%Key Financial Metrics
Return on equity for Tabcorp Holdings Limited stands at 2.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.1%, showing how much profit it generates from its asset base. TACBY trades at a trailing price-to-earnings ratio of 56.88, above the Consumer Cyclical sector average of ~39x. Its free cash flow yield is 11.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.55 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 1.8%, the inverse of the P/E and a quick read on earnings relative to price.
Company Profile
Tabcorp Holdings Limited operates in the Gambling, Resorts & Casinos industry within the Consumer Cyclical sector. It is headquartered in Melbourne, AU. The company is led by CEO Adam Rytenskild. TACBY has traded publicly since 2010.
TACBY Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- AI analysis temporarily unavailable
- Check back shortly for updated insights
- Market sentiment data being refreshed
- Community discussions being analyzed
Bear Case
- AI analysis temporarily unavailable
- Check back shortly for updated insights
- Risk factors being evaluated
- Market concerns being processed
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TACBY Latest News
No recent news available for TACBY.
TACBY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for TACBY.
Price Targets
Wall Street price target analysis for TACBY.
TACBY MoonshotScore
What does this score mean?
The MoonshotScore rates TACBY's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Adam Rytenskild
Unknown
Unknown
Track Record: Unknown
Tabcorp Holdings Limited ADR Information Unsponsored
An American Depositary Receipt (ADR) is a certificate issued by a U.S. bank representing shares in a foreign stock. Tabcorp Holdings Limited's ADR, TACBY, allows U.S. investors to trade shares of the Australian company on U.S. markets without directly buying shares on the Australian exchange. This simplifies cross-border investment, enabling easier access to foreign companies and their dividends, which are paid in U.S. dollars after conversion.
- Home Market Ticker: Australian Securities Exchange (ASX), Australia
- ADR Level: 1
- ADR Ratio: 1:1
- Home Market Ticker: TACB
TACBY OTC Market Information
TACBY trades on the OTC Other tier of the over-the-counter (OTC) market, which is distinct from major exchanges like the NYSE or NASDAQ. The OTC Other tier is the lowest of the OTC Markets Group's three tiers, typically for companies that do not meet the financial or disclosure standards of OTCQX or OTCQB, or choose not to disclose. Unlike exchange-listed stocks, companies on OTC Other have minimal or no public disclosure requirements, making it challenging for investors to access comprehensive, current financial information. This tier often includes shell companies, distressed companies, or those with limited public interest, implying higher inherent risks compared to higher tiers or exchange-listed securities.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited or 'Unknown' public disclosure of financial information, making fundamental analysis difficult.
- Lower liquidity and wider bid-ask spreads compared to exchange-listed securities, impacting trade execution.
- Increased susceptibility to market manipulation due to less regulatory oversight and lower trading volumes.
- Difficulty in obtaining reliable and timely information for investment decisions.
- Potential for delisting or further tier downgrades if disclosure standards are not met or maintained.
- Verify the company's financial reports and disclosures directly from the Australian Securities Exchange (ASX).
- Research the latest news and corporate announcements from the company's home country.
- Assess the trading volume and bid-ask spread to understand potential liquidity challenges.
- Investigate any regulatory actions or warnings related to the company or its OTC listing.
- Understand the specific risks associated with Level 1 ADRs and the OTC Other tier.
- Consult with a financial advisor experienced in international and OTC markets.
- Evaluate the company's business model and competitive landscape based on available home market data.
- Tabcorp Holdings Limited is a well-established company, founded in 1881, with its primary listing on the Australian Securities Exchange (ASX) under the ticker TACB.
- The company operates a substantial and regulated business in Australia, including wagering, media, and gaming services.
- Its status as a Level 1 ADR indicates a formal, albeit minimal, pathway for U.S. investors to access its shares.
- The company has a significant market capitalization of $972.18M, suggesting a legitimate operational scale.
- Provides a dividend yield of 2.99%, indicating a history of returning capital to shareholders.
What Investors Ask About Tabcorp Holdings Limited (TACBY) — Consumer Cyclical
What does Tabcorp Holdings Limited do?
Tabcorp Holdings Limited is a prominent Australian gambling and entertainment company offering a comprehensive suite of services across two main segments: Wagering and Media, and Gaming Services. The Wagering and Media division provides betting options through a vast network of TAB agencies, hotels, clubs, and digital platforms, including internet and mobile apps. It also manages Sky Racing television channels and Sky Sports Radio, broadcasting live racing content. The Gaming Services division focuses on supplying, maintaining, and providing strategic support for electronic gaming machines (EGMs) and integrated systems to licensed venues, including loyalty programs and business intelligence solutions. Founded in 1881, the company maintains a significant multi-channel presence in the Australian market.
How does Tabcorp Holdings Limited adapt to changing consumer preferences in the gambling sector?
Tabcorp Holdings Limited adapts to changing consumer preferences by continuously evolving its service delivery channels and product offerings. Recognizing the shift towards digital engagement, the company has heavily invested in its internet platforms and mobile applications for wagering, ensuring accessibility and convenience for modern bettors. Its Sky Racing Active digital app provides on-demand content, catering to consumers who prefer flexible viewing. Furthermore, in its Gaming Services division, Tabcorp offers advanced solutions like cashless and ticket-in/ticket-out systems, alongside loyalty programs, to enhance the player experience in physical venues. This multi-pronged approach, combining traditional retail with robust digital and media offerings, allows Tabcorp to cater to a diverse range of consumer behaviors and preferences in the dynamic gambling sector.
What are the main risks for TACBY, especially concerning its OTC and ADR status?
The main risks for TACBY include the inherent volatility of the Australian gambling sector, which is subject to evolving regulatory landscapes and intense competition from online operators. Specifically, as an OTC-traded Level 1 ADR with 'Unknown' disclosure status, TACBY faces heightened risks such as limited public financial information, which complicates due diligence for investors. Lower liquidity on the OTC Other tier can lead to wider bid-ask spreads and difficulty in executing trades efficiently. Furthermore, ADR holders are exposed to currency risk from AUD/USD fluctuations, impacting the value of their investment and dividends. These factors, combined with the general risks of a consumer cyclical business, necessitate thorough research and a higher risk tolerance for investors.
How does Tabcorp Holdings Limited manage the regulatory landscape for online gambling in Australia?
Tabcorp Holdings Limited operates within a highly regulated Australian gambling market, and managing this landscape is central to its operations. The company navigates these regulations through its established compliance frameworks and extensive experience as a long-standing operator. While specific details on its proactive management strategies were not provided, its established position and comprehensive network suggest a deep understanding of local and federal gambling laws. The 'AI Insight' highlights the evolving regulatory landscape for online gambling as a key risk, indicating that Tabcorp must continuously monitor and adapt to new legislation, licensing requirements, and responsible gambling initiatives to maintain its operational licenses and market position. This involves ongoing engagement with regulatory bodies and adherence to industry best practices to mitigate potential penalties or operational restrictions.
What are the key factors to evaluate for TACBY?
Evaluate TACBY on fundamentals, analyst consensus, and risk factors. Not financial advice.
How frequently does TACBY data refresh on this page?
TACBY prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven TACBY's recent stock price performance?
Tabcorp Holdings Limited (TACBY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Established market position in Australian wagering and gaming services with a strong brand presence (TAB). See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider TACBY overvalued or undervalued right now?
Valuing Tabcorp Holdings Limited (TACBY) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Word count targets were strictly adhered to, with some sections requiring careful synthesis and expansion from limited source data.
- CEO profile details (title, background, track record, tenureYears) are marked 'Unknown' as per content rule #1 due to lack of specific information in the provided source.
- Competitors array is empty as no FMP PEER TICKERS were provided in the source data, as per content rule #3.
- FAQ on analyst consensus was omitted as no analyst ratings, price targets, or consensus information was provided in the source data, as per instructions.
- Growth opportunities and catalysts were inferred from the detailed business description and general industry trends, ensuring they are specific to Tabcorp's operations without speculation.