Light & Wonder, Inc. (LNW.AX)

DCF Valuation · Consumer Cyclical · Gambling

Valuation as at 2026-08-14 · see also the ASX 300 Most Undervalued screen

About Light & Wonder, Inc.

Light & Wonder, Inc. operates as a cross-platform games company in the United States and internationally. It operates through three segments: Gaming, SciPlay, and iGaming segments.

Source: Yahoo Finance company profile · factual description, not KashVector commentary

Light & Wonder, Inc. LNW.AX

Consumer Cyclical · Gambling

Price
$134.90
Market Cap
$10.31B
Free Cash Flow
$0.86B
Beta
0.50
P/E (TTM)
28.0x
52-Week Range
$96.79–$193.00

Light & Wonder, Inc.'s price & financial trends

Each card is labelled with its own reporting period — quarterly where Yahoo provides it for this market, annual otherwise.

Data as at 2026-08-14

Share price · last 2 years

$134.90 -16% vs 2024-08
ASX 200 $161.00$143.79$147.42$152.84$115.16$134.90 2024-082025-012025-062025-112026-042026-08

Earnings per share (diluted) Per quarter

$1.53 +63% vs Q1 '25
$0.94$1.11-$0.19$0.66$1.53Q1 '25Q2 '25Q4 '25Q1 '26Q2 '26

Free cash flow Per quarter

$0.16B +464% vs Q2 '25
$0.03B$0.10B$0.23B$0.07B$0.16BQ2 '25Q3 '25Q4 '25Q1 '26Q2 '26

Dividend per share

No dividend history available.

Value investing scale · Buffett · Dalio · Graham

Partial Fit
11 / 20 combined score

See the full Buffett, Dalio & Graham breakdown for LNW.AX →

Intrinsic value estimate · 5-year forecast

BEAR
$175.00
vs current $134.90
+29.7% ✅ Undervalued
BASE
$393.14
vs current $134.90
+191.4% ✅ Undervalued
BULL
$819.53
vs current $134.90
+507.5% ✅ Undervalued

Assumptions used in this valuation

Every input below is either fetched live from Yahoo Finance or a documented default — nothing is hidden.

Starting free cash flow
$0.86B
Reported free cash flow (Yahoo)
Risk-free rate
4.80% ● LIVE
Live 10-yr govt bond
Beta
0.50
Floored for non-US stocks
Equity risk premium
6.00%
Market-specific seed
Cost of debt
8.05%
Synthetic rating B+, ICR 2.9x
Tax rate
25.00%
Estimated default
Capital structure
E 58% / D 42%
Market cap vs total debt
Projection horizon
5 years
+ terminal value beyond
BearBaseBull
5-yr FCF growth10.1%20.1%30.0%
Terminal growth2.5%2.5%2.5%
WACC (discount rate)8.07%7.07%6.07%

Cost of Equity = Risk-free rate + Beta × Equity Risk Premium = 4.80% + 0.50 × 6.00% = 7.80% · WACC = weighted by 58%/42% capital structure

These numbers come from running Light & Wonder, Inc.'s cash flows through the mechanical DCF formula and assumptions above — not from any view on the news, management, or LNW.AX's competitive position. What is DCF?

Want to test your own growth or discount-rate assumptions?Open the full interactive calculator, pre-filled with LNW.AX →

More ASX stocks we've valued

Not financial advice. DCF valuations are highly sensitive to assumptions — small changes in growth rate or discount rate produce large swings in output. This is a mechanical calculation, not a recommendation to buy, hold, or sell.

About this valuation

Computed on 2026-08-14 from Yahoo Finance data, using the same engine as the full DCF tool and the ASX 300 Most Undervalued screen. Every figure above is a point-in-time snapshot of that date — change any assumption yourself in the interactive tool for a live one.

Frequently asked questions

Is Light & Wonder, Inc. (LNW.AX) undervalued?

The Base-case DCF estimates intrinsic value at $393.14 vs a price of $134.90 on 2026-08-14 — a +191.4% margin, so the Base case reads undervalued. This is a mechanical output, not advice.