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LNW
Upturn stock ratingUpturn stock rating

Light & Wonder Inc (LNW)

Upturn stock ratingUpturn stock rating
$96.26
Last Close (24-hour delay)
Profit since last BUY0%
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Consider higher Upturn Star rating
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Upturn Advisory Summary

06/30/2025: LNW (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

19 Analysts rated it

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Year Target Price $111.29

Year Target Price $111.29

Analyst’s Price TargetsFor last 52 week
$111.29Target price
Low$75.45
Current$96.26
high$115

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 stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

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

ai summary icon Upturn AI SWOT

Light & Wonder Inc

stock logo

Company Overview

overview logo 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.

business area logo 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 logo 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

overview logo 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 logo 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

competitor logo 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.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization 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
Full time employees 6800

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.