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Light & Wonder Inc (LNW)



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Upturn Advisory Summary
06/30/2025: LNW (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Year Target Price $111.29
Year Target Price $111.29
9 | Strong Buy |
5 | Buy |
4 | Hold |
0 | Under performing |
1 | Sell |
Analysis of Past Performance
Type Stock | Historic Profit -5.16% | Avg. Invested days 33 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 8.09B USD | Price to earnings Ratio 25.62 | 1Y Target Price 111.29 |
Price to earnings Ratio 25.62 | 1Y Target Price 111.29 | ||
Volume (30-day avg) 19 | Beta 1.24 | 52 Weeks Range 75.45 - 115.00 | Updated Date 06/29/2025 |
52 Weeks Range 75.45 - 115.00 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 3.74 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.48% | Operating Margin (TTM) 24.55% |
Management Effectiveness
Return on Assets (TTM) 8.84% | Return on Equity (TTM) 46.19% |
Valuation
Trailing PE 25.62 | Forward PE 15.53 | Enterprise Value 11887160422 | Price to Sales(TTM) 2.52 |
Enterprise Value 11887160422 | Price to Sales(TTM) 2.52 | ||
Enterprise Value to Revenue 3.71 | Enterprise Value to EBITDA 11.03 | Shares Outstanding 84378600 | Shares Floating 76060586 |
Shares Outstanding 84378600 | Shares Floating 76060586 | ||
Percent Insiders 0.66 | Percent Institutions 70.99 |
Analyst Ratings
Rating 4 | Target Price 111.29 | Buy 5 | Strong Buy 9 |
Buy 5 | Strong Buy 9 | ||
Hold 4 | Sell - | Strong Sell 1 | |
Strong Sell 1 |
Upturn AI SWOT
Light & Wonder Inc
Company Overview
History and Background
Light & Wonder Inc., formerly Scientific Games Corporation, was founded in 1973. It evolved from providing lottery services to encompassing gaming, iGaming, and social casino solutions. The company rebranded to Light & Wonder in 2022 to reflect its focus on creating engaging gaming experiences.
Core Business Areas
- Gaming: Develops and supplies gaming machines, table games, electronic table systems (ETS), and casino management systems to land-based casinos worldwide.
- iGaming: Provides online casino content, including slots, table games, and live dealer games, to operators globally.
- SciPlay: Develops and publishes social casino games on mobile and web platforms.
Leadership and Structure
The leadership team is led by CEO Matt Shattock. The company operates with a functional organizational structure with divisions for gaming, iGaming, and SciPlay.
Top Products and Market Share
Key Offerings
- Gaming Machines: Light & Wonder is a leading provider of gaming machines, with a significant market share in North America and globally. Competitors include Aristocrat Leisure and IGT. Market share is roughly around 21% in the US.
- iGaming Content: Light & Wonder develops a wide range of online casino games distributed through its OpenGaming platform. Competitors include Evolution Gaming and NetEnt. Revenue from digital gaming make up 33% of the company's revenue.
- SciPlay Social Casino Games: SciPlay creates and operates social casino games like Jackpot Party Casino and Gold Fish Casino Slots. Competitors include Playtika and Zynga. SciPlay is the 3rd largest social casino company worldwide.
Market Dynamics
Industry Overview
The gaming industry is experiencing growth in both land-based casinos and online gaming. The iGaming sector is driven by increasing legalization and technological advancements.
Positioning
Light & Wonder is a leading provider of gaming solutions with a strong presence in both land-based and online markets. It has a diverse portfolio of products and services, a global reach, and established relationships with key operators.
Total Addressable Market (TAM)
The TAM for the global gaming market is estimated to be hundreds of billions of dollars. Light & Wonder's is positioned to capture a larger part of this market through its diversification of offerings and the increase in acceptance and legalization of iGaming.
Upturn SWOT Analysis
Strengths
- Diverse portfolio of gaming solutions
- Strong presence in both land-based and online markets
- Global reach
- Established relationships with key operators
- Strong brand recognition
Weaknesses
- High debt levels
- Dependence on regulatory approvals
- Exposure to economic cycles
- Integration risks from acquisitions
Opportunities
- Expanding iGaming market
- Growth in emerging markets
- Technological advancements
- Strategic acquisitions
- Increasing use of data analytics
Threats
- Increasing competition
- Changes in regulations
- Economic downturns
- Cybersecurity threats
- Shifting consumer preferences
Competitors and Market Share
Key Competitors
- ARISF
- IGT
Competitive Landscape
Light & Wonder competes with established players like Aristocrat and IGT. Light & Wonder is well-positioned in iGaming due to their strong online content delivery network but relies on its gaming machine division for consistent revenue. Competition is aggressive and innovation in product offering is required for Light & Wonder to compete and excel.
Major Acquisitions
PlaySimple
- Year: 2021
- Acquisition Price (USD millions): 360
- Strategic Rationale: Acquisition of PlaySimple, a leading developer of mobile games, to bolster SciPlay's social casino portfolio and accelerate growth in the casual gaming market.
Growth Trajectory and Initiatives
Historical Growth: Historical Growth: Unavailable. Data unavailable.
Future Projections: Future Projections: Unavailable. Data unavailable.
Recent Initiatives: Recent Initiatives: The rebranding to Light & Wonder and a focus on iGaming and social casino segments.
Summary
Light & Wonder has diversified well into iGaming and social casino from its roots in gaming machines. The company's rebranding reflects its strategic shift, but high debt and intense competition in all segments are risks. LNW has been actively acquiring companies to diversify the portfolio of offerings. The company's future success hinges on its ability to innovate, integrate acquisitions, and manage its debt effectively in a rapidly evolving market.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Industry Reports
- Analyst Estimates
- Light & Wonder Investor Relations
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data and financial estimates are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Light & Wonder Inc
Exchange NASDAQ | Headquaters Las Vegas, NV, United States | ||
IPO Launch date 1992-04-23 | CEO, President & Director Mr. Matthew R. Wilson | ||
Sector Consumer Cyclical | Industry Gambling | Full time employees 6800 | Website https://www.lnw.com |
Full time employees 6800 | Website https://www.lnw.com |
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, deck checkers, table roulette chip sorters and other land-based table gaming equipment. It also leases or provides gaming content, gaming machines, and server-based system; sells and supports casino-management system based software and hardware; and licenses proprietary table games content to commercial, tribal, and governmental gaming operators. The SciPlay segment develops, markets, and operates social games on various online platforms. It sells virtual coins, chips, or bingo cards, which players can use to play slot games, table games, and bingo games. The iGaming segment provides a suite of digital gaming content, distribution platforms, player account management systems, and other iGaming content and services. This segment also offers the Open Platform System, which offers a range of reporting and administrative functions and tools providing operators control over various areas of digital gaming operations. Light & Wonder, Inc. was incorporated in 1984 and is headquartered in Las Vegas, Nevada.
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