How to buy Tabcorp (TAH) shares
Learn how to easily invest in Tabcorp shares.
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Tabcorp is a gambling business based in Australia. Tabcorp shares (TAH) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Tabcorp has a trailing 12-month revenue of around $5.8 billion. If you're looking to buy shares, check out the steps below.
How to buy shares in Tabcorp
- Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the ASX. Our table can help you choose.
- Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
- Search for Tabcorp. Find the share by name or ticker symbol: TAH. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Tabcorp reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
- Check on your investment. Congratulations, you own a part of Tabcorp. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.
What's in this guide?
Tabcorp stock price (ASX:TAH)Use our graph to track the performance of TAH stocks over time.
Tabcorp shares at a glance
|52-week range||$0.6945 - $5.53|
|50-day moving average||$2.943|
|200-day moving average||$4.5464|
|Dividend yield||$0.135 (12.21%)|
|Earnings per share (TTM)||$0.116|
Compare share trading platforms
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Is it a good time to buy Tabcorp stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Tabcorp price performance over time
|1 week (2022-06-21)||1.065|
|1 month (2022-05-27)||5.45%|
|3 months (2022-03-29)||-79.52%|
|6 months (2021-12-29)||-79.32%|
|1 year (2021-06-29)||-79.40%|
|2 years (2020-06-29)||-67.81%|
|3 years (2019-06-28)||-75.84%|
|5 years (2017-06-28)||-75.89%|
Is Tabcorp under- or over-valued?
Valuing Tabcorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Tabcorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Tabcorp's P/E ratio
Tabcorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 9x. In other words, Tabcorp shares trade at around 9x recent earnings.
That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Tabcorp's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $890 million (£0.0 million).
The EBITDA is a measure of a Tabcorp's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$5.8 billion|
|Operating margin TTM||11.53%|
|Gross profit TTM||$5.7 billion|
|Return on assets TTM||3.43%|
|Return on equity TTM||3.84%|
|Market capitalisation||$2.4 billion|
TTM: trailing 12 months
Tabcorp share dividends
Dividend payout ratio: 112.5% of net profits
Recently Tabcorp has paid out, on average, around 112.5% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 12.21% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Tabcorp shareholders could enjoy a 12.21% return on their shares, in the form of dividend payments. In Tabcorp's case, that would currently equate to about A$0.135 per share.
Tabcorp's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 22 February 2022 (the "ex-dividend date").
Have Tabcorp's shares ever split?
Tabcorp's shares were split on a 734:727 basis on 24 August 2020. So if you had owned 727 shares the day before the split, the next day you would own 734 shares. This wouldn't directly have changed the overall worth of your Tabcorp shares – just the quantity. However, indirectly, the new 1% lower share price could have impacted the market appetite for Tabcorp shares which in turn could have impacted Tabcorp's share price.
Tabcorp share price volatility
Over the last 12 months, Tabcorp's shares have ranged in value from as little as $0.6945 up to $5.53. A popular way to gauge a stock's volatility is its "beta".
Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Tabcorp's is 1.142. This would suggest that Tabcorp's shares are a little bit more volatile than the average for this exchange and represent, relatively speaking, a slightly higher risk (but potentially also market-beating returns).
Tabcorp Holdings Limited, together with its subsidiaries, provides gambling and entertainment services in Australia. The company's Lotteries and Keno segment is involved in the lottery operations. It has various game brands, including Set for Life, Powerball, Oz Lotto, TattsLotto, Saturday Lotto, Gold Lotto, X Lotto, Monday and Wednesday Lotto, Lucky Lotteries, Lotto Strike, Super 66, Keno, and Instant Scratch-Its. This segment also operates a social lottery-style game. The company's Wagering and Media segment offers totalizator and fixed odds betting on racing, sports, and other events; and operates through a network of TAB agencies, hotels and clubs, and on-course operations, as well as through retail, Internet, mobile devices, and phone. It also provides Trackside, a computer simulate racing product; and international wagering and pooling services. In addition, this segment engages in the Three Sky Racing television channels broadcasting thoroughbred, and harness and greyhound racing to audiences; Three Sky Sports television channels broadcasting various sports to audiences; and advertising and sponsorship arrangement, and broadcasting racing activities, as well as operates Sky Racing Active, a digital app providing Sky Racing's live and on-demand racing content across thoroughbred, and harness and greyhound racing; and Sky Sports Radio network. Its Gaming Services segment offers electronic gaming machine (EGMs) monitoring and related services. This segment also provides EGM and systems supply and expertise; specialized services and strategic advice to licensed gaming venues; value-add services to venues, such as gaming and loyalty systems, business intelligence tools, and cashless and ticket in ticket out services; and logistics, installation, and relocation services, as well as EGMs, lottery and wagering terminals, and other transaction device repair and maintenance services. The company was founded in 1881 and is based in Melbourne, Australia.
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