Professional
Added to YB: 2025-05-22
Pitch date: 2025-05-20
LTMC.MI [neutral]
Lottomatica Group S.p.A.
-5.81%
current return
Author Info
Meditation Capital is a global long-only fund with a focus on investing in quality companies with exceptional products. Their goal is to generate high rates of return while striving to continually maintain safety of principal. Sign up for the newsletter.
Company Info
Lottomatica Group S.p.A., together with its subsidiaries, operates in the gaming market in Italy. The company operates through Online, Sports Franchise, and Gaming Franchise segments.
Market Cap
EUR 5.9B
Pitch Price
EUR 23.08
Price Target
N/A
Dividend
1.29%
EV/EBITDA
12.27
P/E
41.15
EV/Sales
3.56
Sector
Hotels, Restaurants and Leisure
Category
growth
Meditation Capital Portfolio Holding: Lottomatica Group
LTMC.MI (holding update): #1 Italian gambling operator with 31% online/30-40% offline share. Online penetration growing (26% casino→50-60%), 2.6x EBITDA margins vs offline. 7% topline but teens EBITDA/FCF growth. Strong tech platform drives market share gains vs Flutter. Low liquidity improving as Apollo sells down. Low 20s IRR, stable regulation.