ISE:FLTR

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Reasonable growth potential average dividend payer.


Similar Companies

Share Price & News

How has Flutter Entertainment's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.0%

ISE:FLTR

2.6%

IE Hospitality

-0.4%

IE Market


1 Year Return

-7.5%

ISE:FLTR

-2.2%

IE Hospitality

-17.9%

IE Market

FLTR underperformed the Hospitality industry which returned -1.8% over the past year.

FLTR outperformed the Market in Ireland which returned -16.1% over the past year.


Share holder returns

FLTRIndustryMarket
7 Day4.0%2.6%-0.4%
30 Day-5.3%-1.4%-10.6%
90 Day14.8%6.2%-7.8%
1 Year-5.4%-7.5%1.1%-2.2%-16.2%-17.9%
3 Year-29.1%-34.4%15.3%4.7%4.0%-1.0%
5 Year91.9%51.7%47.0%23.6%55.1%42.5%

Price Volatility Vs. Market

How volatile is Flutter Entertainment's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Flutter Entertainment undervalued based on future cash flows and its price relative to the stock market?

7%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Flutter Entertainment's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Flutter Entertainment's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Flutter Entertainment is overvalued based on earnings compared to the Europe Hospitality industry average.

Flutter Entertainment is overvalued based on earnings compared to the Ireland market.


Price Based on Expected Growth

Flutter Entertainment is poor value based on expected growth next year.


Price Based on Value of Assets

Flutter Entertainment is good value based on assets compared to the Europe Hospitality industry average.


Next Steps

Future Growth

How is Flutter Entertainment expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

28.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Flutter Entertainment's revenue is expected to grow by 10.5% yearly, however this is not considered high growth (20% yearly).

Flutter Entertainment's earnings are expected to grow significantly at over 20% yearly.

Flutter Entertainment's revenue growth is expected to exceed the Ireland market average.

Flutter Entertainment's earnings growth is expected to exceed the Ireland market average.

Flutter Entertainment's earnings growth is expected to exceed the low risk savings rate of 0.9%.


Earnings per Share Growth Estimates


Future Return on Equity

Flutter Entertainment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Flutter Entertainment performed over the past 5 years?

23.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Flutter Entertainment has delivered over 20% year on year earnings growth in the past 5 years.

Flutter Entertainment's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Flutter Entertainment's 1-year earnings growth is negative, it can't be compared to the Europe Hospitality industry average.


Return on Equity

Flutter Entertainment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Flutter Entertainment used its assets less efficiently than the Europe Hospitality industry average last year based on Return on Assets.


Return on Capital Employed

Flutter Entertainment has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Flutter Entertainment's financial position?


Financial Position Analysis

Flutter Entertainment's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Flutter Entertainment's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Flutter Entertainment's level of debt (10.9%) compared to net worth is satisfactory (less than 40%).

Unable to establish if Flutter Entertainment's debt level has increased without past 5-year debt data.

Debt is well covered by operating cash flow (80.5%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 30.7x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

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

3.07%

Expected Dividend Yield


Upcoming Dividend Payment

Purchase Flutter Entertainment before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield and Payments Analysis

Flutter Entertainment's pays a higher dividend yield than the bottom 25% of dividend payers in Ireland (2.51%).

Flutter Entertainment's dividend is below the markets top 25% of dividend payers in Ireland (4.55%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

What is the CEO of Flutter Entertainment's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average management tenure


CEO

Jeremy Jackson (44yo)

1.6yrs

Tenure

UK£5,033,470

Compensation

Mr. Jeremy Peter Jackson has been the Chief Executive Officer and a Director at at Paddy Power Betfair plc since January 8, 2018. Mr. Jackson was an Independent Non-Executive Director at Paddy Power Betfai ...


CEO Compensation Analysis

Jeremy's remuneration is higher than average for companies of similar size in Ireland.

Jeremy's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.


Management Age and Tenure

3.5yrs

Average Tenure

44yo

Average Age

The tenure for the Flutter Entertainment management team is about average.


Board Age and Tenure

3.5yrs

Average Tenure

54yo

Average Age

The tenure for the Flutter Entertainment board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

BuyUK£22,62615 May 19
Zillah Byng-Thorne
EntityIndividual
Role
Member of the Board of Directors
Independent Non-Executive Director
Shares336
Max PriceUK£67.34

Ownership Breakdown


Management Team

  • Charlie Kelly

    Head of Retail Operations In Ireland

    • Tenure: 14.6yrs
  • Paul Cutter

    Chief Technology Officer

    • Tenure: 5.5yrs
  • Tanya Horgan

    Chief Risk Officer

    • Tenure: 0.0yrs
  • Jeremy Jackson (44yo)

    CEO & Director

    • Tenure: 1.6yrs
    • Compensation: UK£5.03m
  • Jonathan Hill (51yo)

    CFO & Executive Director

    • Tenure: 0.8yrs
    • Compensation: UK£549.03k
  • Barni Evans

    Chief Executive Officer of Sportsbet

    • Tenure: 1.6yrs
  • Kip Levin

    Chief Executive Officer of Betfair US & TVG

    • Tenure: 5.3yrs
  • Edward Traynor (41yo)

    Group General Counsel & Company Secretary

    • Tenure: 4.3yrs
  • Sally Cairns

    Chief People Officer

    • Tenure: 3.5yrs
  • Aine Flanagan

    Chief Strategy Officer

    • Tenure: 3.3yrs

Board Members

  • Nancy Cruickshank (49yo)

    Independent Non-Executive Director

    • Tenure: 0.0yrs
  • Gary McGann (69yo)

    Chairman of the Board

    • Tenure: 4.1yrs
    • Compensation: UK£399.00k
  • Peter Rigby (63yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: UK£80.00k
  • Ian Dyson (57yo)

    Senior Independent Director

    • Tenure: 3.5yrs
    • Compensation: UK£90.00k
  • Michael Cawley (65yo)

    Independent Non-Executive Director

    • Tenure: 6.1yrs
    • Compensation: UK£102.00k
  • Zillah Byng-Thorne (44yo)

    Independent Non-Executive Director

    • Tenure: 3.5yrs
    • Compensation: UK£97.00k
  • Jeremy Jackson (44yo)

    CEO & Director

    • Tenure: 1.6yrs
    • Compensation: UK£5.03m
  • Jonathan Hill (51yo)

    CFO & Executive Director

    • Tenure: 0.8yrs
    • Compensation: UK£549.03k
  • Jan Bolz (58yo)

    Independent Non-Executive Director

    • Tenure: 1.9yrs
    • Compensation: UK£79.00k
  • Emer Timmons (50yo)

    Independent Non-Executive Director

    • Tenure: 2.3yrs
    • Compensation: UK£79.00k

Company Information

Flutter Entertainment PLC's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Flutter Entertainment PLC
  • Ticker: FLTR
  • Exchange: ISE
  • Founded: 1988
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €5.764b
  • Shares outstanding: 78.10m
  • Website: https://www.flutter.com

Number of Employees


Location

  • Flutter Entertainment PLC
  • Power Tower
  • Belfield Office Park
  • Dublin
  • Co. Dublin
  • 4
  • Ireland

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PDYP.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDDec 2000
FLTRLSE (London Stock Exchange)YesOrdinary SharesGBGBPDec 2000
FLTRISE (Irish Stock Exchange)YesOrdinary SharesIEEURDec 2000
PPBDB (Deutsche Boerse AG)YesOrdinary SharesDEEURDec 2000
PDYP.YOTCPK (Pink Sheets LLC)UNSPONSORED ADSUSUSDOct 2008

Biography

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 Online, Australia,  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 20:49
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.