Flutter Entertainment (LSE:FLTR) - Share price, News & Analysis

FLTR fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	0/6

FLTR Stock Overview

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally.

Rewards

Trading at 60% below our estimate of its fair value

Earnings are forecast to grow 66.33% per year

Risk Analysis

No risks detected for FLTR from our risk checks.

Flutter Entertainment Competitors

Entain

LSE:ENT

UK£8.1b

Playtech

LSE:PTEC

UK£1.6b

888 Holdings

LSE:888

UK£871.4m

Rank Group

LSE:RNK

UK£479.7m

Price History & Performance

Summary of all time highs, changes and price drops for Flutter Entertainment
Historical stock prices
Current Share Price	UK£93.70
52 Week High	UK£162.75
52 Week Low	UK£76.00
Beta	0.84
1 Month Change	16.51%
3 Month Change	-9.90%
1 Year Change	-29.58%
3 Year Change	69.28%
5 Year Change	13.15%
Change since IPO	5,554.01%

Shareholder Returns

	FLTR	GB Hospitality	GB Market
7D	5.4%	1.4%	1.0%
1Y	-29.6%	-15.3%	-2.8%

Return vs Industry: FLTR underperformed the UK Hospitality industry which returned -15.3% over the past year.

Return vs Market: FLTR underperformed the UK Market which returned -2.8% over the past year.

Price Volatility

Is FLTR's price volatile compared to industry and market?
FLTR volatility
FLTR Average Weekly Movement	7.7%
Hospitality Industry Average Movement	5.9%
Market Average Movement	6.0%
10% most volatile stocks in GB Market	11.4%
10% least volatile stocks in GB Market	3.0%

Stable Share Price: FLTR is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: FLTR's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1958	16,813	Jeremy Jackson	https://www.flutter.com

Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sportsbooks and exchange sports betting products, daily fantasy sports products, and pari-mutuel betting products; fixed odds games betting products; online games and casinos; peer-to-peer games, including online bingo, rummy, and poker; and business-to-business services.

Flutter Entertainment Fundamentals Summary

How do Flutter Entertainment's earnings and revenue compare to its market cap?
FLTR fundamental statistics
Market Cap	UK£16.25b
Earnings (TTM)	-UK£415.80m
Revenue (TTM)	UK£6.04b

2.7x

P/S Ratio

-39.6x

P/E Ratio

Is FLTR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
FLTR income statement (TTM)
Revenue	UK£6.04b
Cost of Revenue	UK£2.26b
Gross Profit	UK£3.77b
Other Expenses	UK£4.19b
Earnings	-UK£415.80m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)	-2.37
Gross Margin	62.52%
Net Profit Margin	-6.89%
Debt/Equity Ratio	35.2%

How did FLTR perform over the long term?

See historical performance and comparison

Valuation

Is Flutter Entertainment undervalued compared to its fair value and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: FLTR (£93.7) is trading below our estimate of fair value (£234.27)

Significantly Below Fair Value: FLTR is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: FLTR is unprofitable, so we can't compare its Price-To-Earnings Ratio to the UK Hospitality industry average.

PE vs Market: FLTR is unprofitable, so we can't compare its Price-To-Earnings Ratio to the UK market.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FLTR's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: FLTR is good value based on its Price-To-Book Ratio (1.6x) compared to the GB Hospitality industry average (1.8x).

Future Growth

How is Flutter Entertainment forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

66.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLTR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.9%).

Earnings vs Market: FLTR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: FLTR's is expected to become profitable in the next 3 years.

Revenue vs Market: FLTR's revenue (11% per year) is forecast to grow faster than the UK market (4% per year).

High Growth Revenue: FLTR's revenue (11% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: FLTR's Return on Equity is forecast to be low in 3 years time (8.1%).

Past Performance

How has Flutter Entertainment performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-43.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: FLTR is currently unprofitable.

Growing Profit Margin: FLTR is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: FLTR is unprofitable, and losses have increased over the past 5 years at a rate of 43.3% per year.

Accelerating Growth: Unable to compare FLTR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FLTR is unprofitable, making it difficult to compare its past year earnings growth to the Hospitality industry (105.7%).

Return on Equity

High ROE: FLTR has a negative Return on Equity (-4%), as it is currently unprofitable.

Financial Health

How is Flutter Entertainment's financial position?

Financial Health Score

1/6

Financial Health Score 1/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: FLTR's short term assets (£2.0B) do not cover its short term liabilities (£2.1B).

Long Term Liabilities: FLTR's short term assets (£2.0B) do not cover its long term liabilities (£4.4B).

Debt to Equity History and Analysis

Debt Level: FLTR's net debt to equity ratio (26%) is considered satisfactory.

Reducing Debt: FLTR's debt to equity ratio has increased from 4.9% to 35.2% over the past 5 years.

Debt Coverage: FLTR's debt is not well covered by operating cash flow (18.9%).

Interest Coverage: FLTR's interest payments on its debt are not well covered by EBIT (1.7x coverage).

Balance Sheet

Dividend

What is Flutter Entertainment current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

2.69%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate FLTR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FLTR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FLTR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FLTR's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: FLTR is not paying a notable dividend for the UK market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as FLTR has not reported any payouts.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure

CEO

Jeremy Jackson (46 yo)

4.33yrs

Tenure

UK£8,404,000

Compensation

Mr. Jeremy Peter Jackson has been Independent Non-Executive Director of Deliveroo plc since January 01, 2022. He has been the Chief Executive Officer at Flutter Entertainment plc (formerly known as Paddy P...

CEO Compensation Analysis

Compensation vs Market: Jeremy's total compensation ($USD10.58M) is above average for companies of similar size in the UK market ($USD5.11M).

Compensation vs Earnings: Jeremy's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: FLTR's management team is considered experienced (3.6 years average tenure).

Board Members

Experienced Board: FLTR's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: FLTR insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/26 00:00
End of Day Share Price	2022/05/26 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31