The Lottery (ASX:TLC) offers low-risk, predictable mid-to-high single-digit earnings per share growth, driven by annual game changes, price hikes, and increased digitization, according to a Tuesday note by Jarden Research.
The company is a "domestic safe haven" amid market volatility and an uncertain macroeconomic outlook, with its strong free cash flow, long-term licenses, and monopoly positions, Jarden said.
TLC's relatively conservative management approach minimizes its strategic risks, especially as its chief executive officer's transition plans are set for the end of the fiscal year, Jarden added.
Jarden believes that the company came off a jackpot year and does not rule out better results through ongoing cost optimization.
Jarden Research kept The Lottery Corporation's rating at overweight and maintained its AU$5.15 price target.
Shares of the firm rose past 2% at market close.
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