Lottomatica Group S.p.A. — Cyborg Score 7/10

Strong
Gambling & Gaming

Strategic Profile

Italy's leading integrated gaming operator with a diversified portfolio spanning digital and physical channels. The company achieved revenue of €2.00 billion in 2024, representing 22.8% growth compared to the prior year. As of February 2026, the company generated trailing twelve-month revenue of €2.22 billion with an 6.57% profit margin and 29.63% return on equity.

Cyborg Score Rationale

Lottomatica demonstrates robust fundamentals with strong revenue growth, solid profitability, and high ROE of 29.63%. The company trades at a forward P/E of 17.76, indicating reasonable valuation relative to growth. Key strength lies in its diversified business model across online and retail channels in a regulated Italian market.

Top Insights

  • In 2024, revenue grew 22.8% to €2.00 billion with earnings increasing 45.1% to €98.6 million, demonstrating operating leverage.
  • Over the past year, LTMC stock has surged 70.41%, significantly outperforming the broader market.
  • Levered free cash flow of €392.75 million (TTM) indicates strong cash generation capability despite 433.88% debt-to-equity ratio.
  • Multiple analyst upgrades in February 2026, including Barclays maintaining a Buy rating and ongoing share buyback program of €5.3 million.

Named Competitors

  • DraftKings — Digital sports betting and iGaming platform
  • Sankyo — International gaming and entertainment operator
  • Sisal — Italian gaming and betting operator
  • Goldbet — Lottomatica's leading sports betting brand

Recent Developments

  • (February 2026) Barclays reaffirms Buy rating amid analyst bullish sentiment
  • (February 2026) Company executing €5.3 million share buyback program
  • (July 2025) H1 2025 results showed EBITDA of €202 million, up 20% YoY
  • (December 2025) Stock reached 52-week high of €25.24 with market cap approaching €6.1 billion

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