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Aristocrat Leisure Ltd FY19 Results – Strong Result

Jordan Baird

Jordan Baird is the head ASR Wealth Advisers client services desk and has been with the organisation since 2017. He first started investing in his early years. While he believes that investors should leave no stone unturned he has a particular interest in trading based on broad macroeconomic trends along with specific analysis of innovative up-and-coming companies.

Aristocrat Leisure Ltd (ASX: ALL) is an Australian gambling machine manufacturer. Aristocrat has a land-based business and digital business to provide their services. Aristocrat has a market capitalisation of A$21.5 billion.

Aristocrat Leisure - Strong Result

What are the results of Aristocrat FY19 report?

  • Operating revenue (normalised) for FY19 is A$4,397.4 million, up 22.7% from the previous year.
  • Net Profit After Tax (normalised) for FY19 is A$752.8 million, up 20.2% from the previous year.
  • Total dividend per share (normalised) for FY19 is 56.0 cents, up 21.7% from the previous year.
  • Earnings per share (fully diluted) for FY19 is 118.0 cents, up 23.3% from the previous year.

What are the drivers of this result?

The main driver of this positive result increased in demand from the Americas, Australia and New Zealand markets that mainly grew Aristocrat digital business activities. Aristocrat also increased investment in competitive product portfolios, particularly in terms of Design and Development and User Acquisitions.

What is the outlook for Aristocrat?

The general outlook for Aristocrat is positive.

Aristocrat management notes that in FY20 the company will continue to invest in Design and Development, land-based and digital portfolios, which should grow the business competitiveness.

Aristocrat management notes:

Sustained operating performance drove strong free cash flow generation, which was in turn invested to fund further growth, pay progressive dividend increases and provide significant balance sheet optionality for the future.

What is the market response?

The market response to Aristocrat FY19 results was positive. The results were released on the 20 November 2019, after the release Aristocrat share price increased by around 6%. Aristocrat has a P/E ratio in the mid-thirties and an annual dividend yield of 1.6%.




This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

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ASR has no position in any of the stocks mentioned.

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