ISE:FLTR

Stock Analysis Report

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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 Analysis

Reasonable growth potential with adequate balance sheet.


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

Stable Share Price: FLTR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

3.3%

FLTR

6.5%

IE Hospitality

2.9%

IE Market


1 Year Return

88.9%

FLTR

-20.0%

IE Hospitality

12.5%

IE Market

Return vs Industry: FLTR exceeded the Irish Hospitality industry which returned -20% over the past year.

Return vs Market: FLTR exceeded the Irish Market which returned 12.5% over the past year.


Shareholder returns

FLTRIndustryMarket
7 Day3.3%6.5%2.9%
30 Day11.7%1.0%3.8%
90 Day18.3%5.8%16.5%
1 Year90.7%88.9%-17.7%-20.0%14.0%12.5%
3 Year81.4%69.2%-13.3%-20.8%12.4%7.2%
5 Year86.2%65.8%1.5%-13.2%35.2%25.1%

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 compared to its fair value and its price relative to the market?

66.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FLTR (€132.55) is trading above our estimate of fair value (€103.35)

Significantly Below Fair Value: FLTR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FLTR is poor value based on its PE Ratio (66.4x) compared to the XE Hospitality industry average (16.8x).

PE vs Market: FLTR is poor value based on its PE Ratio (66.4x) compared to the Irish market (16.4x).


Price to Earnings Growth Ratio

PEG Ratio: FLTR is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: FLTR is overvalued based on its PB Ratio (2.4x) compared to the XE Hospitality industry average (1.2x).


Next Steps

Future Growth

How is Flutter Entertainment forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

54.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLTR's forecast earnings growth (54.9% per year) is above the savings rate (0.7%).

Earnings vs Market: FLTR's earnings (54.9% per year) are forecast to grow faster than the Irish market (27.1% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FLTR's revenue (19.9% per year) is forecast to grow faster than the Irish market (9% per year).

High Growth Revenue: FLTR's revenue (19.9% 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 (7.8%).


Next Steps

Past Performance

How has Flutter Entertainment performed over the past 5 years?

21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FLTR has high quality earnings.

Growing Profit Margin: FLTR's current net profit margins (6.7%) are lower than last year (10.8%).


Past Earnings Growth Analysis

Earnings Trend: FLTR's earnings have grown significantly by 21.3% per year over the past 5 years.

Accelerating Growth: FLTR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FLTR had negative earnings growth (-28.5%) over the past year, making it difficult to compare to the Hospitality industry average (-16.8%).


Return on Equity

High ROE: FLTR's Return on Equity (2.7%) is considered low.


Next Steps

Financial Health

How is Flutter Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: FLTR's short term assets (£361.8M) do not cover its short term liabilities (£885.5M).

Long Term Liabilities: FLTR's short term assets (£361.8M) exceed its long term liabilities (£326.1M).


Debt to Equity History and Analysis

Debt Level: FLTR's debt to equity ratio (8.8%) is considered satisfactory.

Reducing Debt: FLTR's debt to equity ratio has increased from 0.7% to 8.8% over the past 5 years.

Debt Coverage: FLTR's debt is well covered by operating cash flow (113.1%).

Interest Coverage: FLTR's interest payments on its debt are well covered by EBIT (14x coverage).


Balance Sheet


Next Steps

Dividend

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

1.64%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FLTR's dividend (1.64%) isn’t notable compared to the bottom 25% of dividend payers in the Irish market (2.58%).

High Dividend: FLTR's dividend (1.64%) is low compared to the top 25% of dividend payers in the Irish market (4.26%).


Stability and Growth of Payments

Stable Dividend: FLTR's dividend payments have been volatile in the past 10 years.

Growing Dividend: FLTR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (109.1%), FLTR's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FLTR's dividends in 3 years are forecast to be well covered by earnings (38.2% payout ratio).


Next Steps

Management

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

3.5yrs

Average management tenure


CEO

Jeremy Jackson (45 yo)

2.58yrs

Tenure

UK£3,292,373

Compensation

Mr. Jeremy Peter Jackson has been the Chief Executive Officer and a Director at at Flutter Entertainment plc (formerly known as Paddy Power Betfair plc) since January 8, 2018. Mr. Jackson was an Independen ...


CEO Compensation Analysis

Compensation vs Market: Jeremy's total compensation ($USD4.30M) is about average for companies of similar size in the Irish market ($USD4.30M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Jeremy Jackson
CEO & Director2.58yrsUK£3.29m0.0047%
£ 970.0k
Jonathan Hill
CFO & Executive Director1.83yrsUK£2.48m0.0011%
£ 229.7k
Barni Evans
Chief Executive Officer of Sportsbet2.58yrsUK£2.52mno data
Daniel Taylor
Chief Executive Officer of Europe2.58yrsUK£3.50mno data
David Jennings
Director of Corporate Finance & Investor Relationsno datano datano data
Paul Cutter
Chief Technology Officer6.5yrsno datano data
Edward Traynor
Group General Counsel & Company Secretary5.25yrsno datano data
Sally Cairns
Chief People Officer4.5yrsno datano data
Charles Kelly
Head of Retail Operations In Ireland15.58yrsno datano data
Pádraig Ó'Ríordáin
Commercial Director & Chief Legal Officer0.58yrUK£14.00kno data
Aine Flanagan
Chief Strategy Officer4.33yrsno datano data
Tanya Horgan
Chief Risk Officerno datano datano data

3.5yrs

Average Tenure

48.5yo

Average Age

Experienced Management: FLTR's management team is considered experienced (3.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeremy Jackson
CEO & Director2.58yrsUK£3.29m0.0047%
£ 970.0k
Jonathan Hill
CFO & Executive Director1.83yrsUK£2.48m0.0011%
£ 229.7k
Rafael Ashkenazi
Consultant & Non-Executive Director0.25yrno datano data
Nancy Cruickshank
Independent Non-Executive Director1.25yrsUK£50.00kno data
Gary McGann
Independent Chairman of the Board5.08yrsUK£450.00k0.0021%
£ 438.9k
Andrew Higginson
Senior Independent Director0.25yrUK£20.00kno data
Alfred Hurley
Independent Non-Executive Director0.25yrno datano data
Peter Rigby
Independent Non-Executive Director4.5yrsUK£80.00k0.000080%
£ 16.4k
Ian Dyson
Independent Non-Executive Director4.5yrsUK£90.00k0.0021%
£ 426.5k
Michael Cawley
Independent Non-Executive Director7.08yrsUK£101.00k0.0024%
£ 486.0k
Divyesh Gadhia
Non-Executive Deputy Chairman0.25yrno datano data
Zillah Byng-Thorne
Independent Non-Executive Director4.5yrsUK£97.00k0.00083%
£ 170.2k

3.2yrs

Average Tenure

57.5yo

Average Age

Experienced Board: FLTR's board of directors are considered experienced (3.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 94.8%.


Top Shareholders

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: €20.507b
  • Shares outstanding: 154.71m
  • Website: https://www.flutter.com

Number of Employees


Location

  • Flutter Entertainment plc
  • Belfield Office Park
  • Beech Hill Road
  • 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 PPB Online, Austral ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/09 21:37
End of Day Share Price2020/08/07 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.