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Flutter Entertainment

ISE:FLTR
Snowflake Description

Reasonable growth potential average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FLTR
ISE
€6B
Market Cap
  1. Home
  2. IE
  3. Consumer Services
Company description

Flutter Entertainment PLC operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, and internationally. The last earnings update was 9 days ago. More info.


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FLTR Share Price and Events
7 Day Returns
-0.6%
ISE:FLTR
-2.9%
Europe Hospitality
-4.2%
IE Market
1 Year Returns
-8.3%
ISE:FLTR
-8.6%
Europe Hospitality
-17.5%
IE Market
FLTR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Flutter Entertainment (FLTR) -0.6% -7.6% 5.9% -8.3% -37.3% 39.4%
Europe Hospitality -2.9% -4.2% -0.9% -8.6% -0.1% 24%
IE Market -4.2% -11.9% -11.1% -17.5% -0.7% 43.9%
1 Year Return vs Industry and Market
  • FLTR matched the Hospitality industry (-8.6%) over the past year.
  • FLTR outperformed the Market in Ireland which returned -17.5% over the past year.
Price Volatility
FLTR
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Flutter Entertainment to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Flutter Entertainment.

ISE:FLTR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 11 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year IE Government Bond Rate 0.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for ISE:FLTR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IE Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 7.1%
Hospitality Unlevered Beta Simply Wall St/ S&P Global 0.89
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.89 (1 + (1- 12.5%) (11.93%))
0.989
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.99
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.9% + (0.989 * 7.14%)
7.96%

Discounted Cash Flow Calculation for ISE:FLTR using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Flutter Entertainment is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

ISE:FLTR DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (GBP, Millions) Source Present Value
Discounted (@ 7.96%)
2020 312.38 Analyst x7 289.34
2021 363.18 Analyst x6 311.59
2022 352.00 Analyst x1 279.73
2023 380.00 Analyst x1 279.72
2024 395.53 Est @ 4.09% 269.68
2025 407.91 Est @ 3.13% 257.61
2026 417.95 Est @ 2.46% 244.49
2027 426.27 Est @ 1.99% 230.97
2028 433.37 Est @ 1.66% 217.50
2029 439.59 Est @ 1.44% 204.36
Present value of next 10 years cash flows £2,585.00
ISE:FLTR DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= £439.59 × (1 + 0.9%) ÷ (7.96% – 0.9%)
£6,281.88
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= £6,281.88 ÷ (1 + 7.96%)10
£2,920.32
ISE:FLTR Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= £2,585.00 + £2,920.32
£5,505.33
Equity Value per Share
(GBP)
= Total value / Shares Outstanding
= £5,505.33 / 78.10
£70.49
ISE:FLTR Discount to Share Price
Calculation Result
Exchange Rate GBP/EUR
(Reporting currency to currency of ISE:FLTR)
1.095
Value per Share
(EUR)
= Value per Share in GBP x Exchange Rate (GBP/EUR)
= £70.49 x 1.095
€77.16
Value per share (EUR) From above. €77.16
Current discount Discount to share price of €70.96
= -1 x (€70.96 - €77.16) / €77.16
8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Flutter Entertainment is available for.
Intrinsic value
8%
Share price is €70.96 vs Future cash flow value of €77.16
Current Discount Checks
For Flutter Entertainment to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Flutter Entertainment's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Flutter Entertainment's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ISE:FLTR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in GBP £2.37
ISE:FLTR Share Price ** ISE (2019-08-16) in EUR €70.96
ISE:FLTR Share Price converted to GBP reporting currency Exchange rate (EUR/ GBP) 0.914 £64.82
Europe Hospitality Industry PE Ratio Median Figure of 109 Publicly-Listed Hospitality Companies 19.53x
Ireland Market PE Ratio Median Figure of 23 Publicly-Listed Companies 12.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Flutter Entertainment.

ISE:FLTR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ISE:FLTR Share Price ÷ EPS (both in GBP)

= 64.82 ÷ 2.37

27.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does Flutter Entertainment's expected growth come at a high price?
Raw Data
ISE:FLTR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 27.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts
29.9%per year
Europe Hospitality Industry PEG Ratio Median Figure of 72 Publicly-Listed Hospitality Companies 1.44x
Ireland Market PEG Ratio Median Figure of 22 Publicly-Listed Companies 1.19x

*Line of best fit is calculated by linear regression .

ISE:FLTR PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 27.33x ÷ 29.9%

0.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Flutter Entertainment is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Flutter Entertainment's assets?
Raw Data
ISE:FLTR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in GBP £50.42
ISE:FLTR Share Price * ISE (2019-08-16) in EUR €70.96
ISE:FLTR Share Price converted to GBP reporting currency Exchange rate (EUR/ GBP) 0.914 £64.82
Europe Hospitality Industry PB Ratio Median Figure of 151 Publicly-Listed Hospitality Companies 1.48x
Ireland Market PB Ratio Median Figure of 33 Publicly-Listed Companies 1.15x
ISE:FLTR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ISE:FLTR Share Price ÷ Book Value per Share (both in GBP)

= 64.82 ÷ 50.42

1.29x

* Primary Listing of Flutter Entertainment.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Flutter Entertainment is good value based on assets compared to the Europe Hospitality industry average.
X
Value checks
We assess Flutter Entertainment's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Hospitality industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Hospitality industry average (and greater than 0)? (1 check)
  5. Flutter Entertainment has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Flutter Entertainment expected to grow at an attractive rate?
  • Flutter Entertainment's earnings growth is expected to exceed the low risk savings rate of 0.9%.
Growth vs Market Checks
  • Flutter Entertainment's earnings growth is expected to exceed the Ireland market average.
  • Flutter Entertainment's revenue growth is expected to exceed the Ireland market average.
Annual Growth Rates Comparison
Raw Data
ISE:FLTR Future Growth Rates Data Sources
Data Point Source Value (per year)
ISE:FLTR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 11 Analysts 29.9%
ISE:FLTR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 11 Analysts 11.1%
Europe Hospitality Industry Earnings Growth Rate Market Cap Weighted Average 13.7%
Europe Hospitality Industry Revenue Growth Rate Market Cap Weighted Average 6.5%
Ireland Market Earnings Growth Rate Market Cap Weighted Average 12.7%
Ireland Market Revenue Growth Rate Market Cap Weighted Average 5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ISE:FLTR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
All numbers in GBP Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ISE:FLTR Future Estimates Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2,653 485 296 11
2020-12-31 2,379 464 250 11
2019-12-31 2,139 391 125 9
ISE:FLTR Past Financials Data
Date (Data in GBP Millions) Revenue Cash Flow Net Income *
2019-06-30 2,027 369 190
2019-03-31 1,950 350 196
2018-12-31 1,873 330 201
2018-09-30 1,829 362 210
2018-06-30 1,785 393 219
2018-03-31 1,765 432 219
2017-12-31 1,745 472 218
2017-09-30 1,682 400 175
2017-06-30 1,619 328 132
2017-03-31 1,560 266 63
2016-12-31 1,501 204 -6
2016-09-30 1,309 200 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Flutter Entertainment's earnings are expected to grow significantly at over 20% yearly.
  • Flutter Entertainment's revenue is expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ISE:FLTR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below

All data from Flutter Entertainment Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:FLTR Future Estimates Data
Date (Data in GBP Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 3.68 4.86 2.97 4.00
2020-12-31 3.24 3.81 2.58 4.00
2019-12-31 3.25 3.25 3.25 1.00
ISE:FLTR Past Financials Data
Date (Data in GBP Millions) EPS *
2019-06-30 2.37
2019-03-31 2.39
2018-12-31 2.42
2018-09-30 2.50
2018-06-30 2.58
2018-03-31 2.58
2017-12-31 2.58
2017-09-30 2.08
2017-06-30 1.58
2017-03-31 0.77
2016-12-31 -0.07
2016-09-30 0.00

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Flutter Entertainment is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Flutter Entertainment's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Flutter Entertainment has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Flutter Entertainment performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Flutter Entertainment's growth in the last year to its industry (Hospitality).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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.
Earnings and Revenue History
Flutter Entertainment's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Flutter Entertainment Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ISE:FLTR Past Revenue, Cash Flow and Net Income Data
Date (Data in GBP Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 2,026.60 190.30 1,015.20
2019-03-31 1,950.00 195.85 983.85
2018-12-31 1,873.40 201.40 952.50
2018-09-30 1,829.25 210.35 920.55
2018-06-30 1,785.10 219.30 888.60
2018-03-31 1,765.25 218.50 877.70
2017-12-31 1,745.40 217.70 866.80
2017-09-30 1,682.20 175.05 831.15
2017-06-30 1,619.00 132.40 795.50
2017-03-31 1,559.90 63.35 781.40
2016-12-31 1,500.80 -5.70 767.30
2016-09-30 1,308.65 -0.30 685.65
2016-06-30 1,116.50 5.10 604.00
2016-03-31 955.40 56.65 518.05
2015-12-31 794.30 108.20 432.10
2015-09-30 776.93 113.21 338.32
2015-06-30 730.24 116.07 369.81
2015-03-31 687.47 111.10 333.55
2014-12-31 684.75 112.55 315.93
2014-09-30 639.32 99.08 300.16
2014-06-30 609.79 87.89 292.01
2014-03-31 622.91 96.30 294.39
2013-12-31 619.48 102.40 288.79
2013-09-30 613.40 105.10 284.41
2013-06-30 617.83 109.71 284.85
2013-03-31 580.58 105.16 269.23
2012-12-31 530.32 98.15 247.49
2012-09-30 490.63 101.50 226.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Flutter Entertainment has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Flutter Entertainment used its assets less efficiently than the Europe Hospitality industry average last year based on Return on Assets.
  • Flutter Entertainment has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Flutter Entertainment's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Hospitality industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Flutter Entertainment has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Flutter Entertainment's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Flutter Entertainment's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of Flutter Entertainment's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Flutter Entertainment Company Filings, last reported 1 month ago.

ISE:FLTR Past Debt and Equity Data
Date (Data in GBP Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 4,221.40 458.60 104.00
2019-03-31 4,221.40 458.60 104.00
2018-12-31 4,211.30 283.40 123.70
2018-09-30 4,211.30 283.40 123.70
2018-06-30 4,189.30 168.50 317.00
2018-03-31 4,189.30 168.50 317.00
2017-12-31 4,395.40 62.20 306.60
2017-09-30 4,395.40 62.20 306.60
2017-06-30 4,309.40 145.20 232.00
2017-03-31 4,309.40 145.20 232.00
2016-12-31 4,316.60 213.80 249.90
2016-09-30 4,316.60 213.80 249.90
2016-06-30 4,251.20 210.00 213.20
2016-03-31 4,251.20 210.00 213.20
2015-12-31 50.90 142.00 86.10
2015-09-30 51.10 142.66 112.34
2015-06-30 7.05 171.76 91.42
2015-03-31 7.20 175.35 93.33
2014-12-31 300.56 0.00 190.88
2014-09-30 301.07 0.00 191.21
2014-06-30 262.59 0.00 152.77
2014-03-31 271.20 0.00 157.78
2013-12-31 258.54 0.00 145.52
2013-09-30 259.99 0.00 146.33
2013-06-30 247.17 0.00 154.29
2013-03-31 243.85 0.00 152.21
2012-12-31 225.23 0.00 138.73
2012-09-30 221.17 0.00 136.23
  • 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).
X
Financial health checks
We assess Flutter Entertainment's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Flutter Entertainment has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.09%
Current annual income from Flutter Entertainment dividends. Estimated to be 3.21% next year.
If you bought €2,000 of Flutter Entertainment shares you are expected to receive €62 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Flutter Entertainment's pays a higher dividend yield than the bottom 25% of dividend payers in Ireland (2.52%).
  • Flutter Entertainment's dividend is below the markets top 25% of dividend payers in Ireland (4.92%).
Upcoming dividend payment

Purchase Flutter Entertainment before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ISE:FLTR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 11 Analyst Estimates (S&P Global) See Below
Europe Hospitality Industry Average Dividend Yield Market Cap Weighted Average of 79 Stocks 3.6%
Ireland Market Average Dividend Yield Market Cap Weighted Average of 21 Stocks 2.7%
Ireland Minimum Threshold Dividend Yield 10th Percentile 1.4%
Ireland Bottom 25% Dividend Yield 25th Percentile 2.5%
Ireland Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ISE:FLTR Future Dividends Estimate Data
Date (Data in £) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 2.27 12.00
2020-12-31 2.04 14.00
2019-12-31 1.93 11.00
ISE:FLTR Past Annualized Dividends Data
Date (Data in £) Dividend per share (annual) Avg. Yield (%)
2019-03-27 2.000 3.218
2019-03-06 2.000 3.454
2018-04-03 2.000 2.839
2018-03-07 2.000 2.654
2017-09-12 1.780 2.187
2017-03-07 1.650 2.049
2017-03-01 1.650 1.889
2016-08-24 0.800 0.923
2016-01-27 1.363 1.574
2015-04-15 1.172 1.805
2015-03-03 1.196 2.166
2014-04-10 1.089 2.643
2014-03-04 1.232 2.565
2013-08-28 1.145 2.353
2013-03-05 1.121 2.064
2012-03-30 1.730 4.014
2012-03-05 0.923 2.370
2011-08-30 0.733 2.199
2011-04-01 0.719 2.455
2011-03-07 0.715 2.796
2010-04-15 0.525 2.352
2010-03-02 0.568 2.597
2009-03-02 0.506 3.253
2008-08-27 0.461 4.858

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of Flutter Entertainment's earnings are paid to the shareholders as a dividend.
  • 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).
X
Income/ dividend checks
We assess Flutter Entertainment's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Flutter Entertainment afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Flutter Entertainment has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jeremy Jackson
COMPENSATION £1,680,490
AGE 44
TENURE AS CEO 1.6 years
CEO Bio

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 Betfair plc since February 02, 2016 until January 8, 2018. Mr. Jackson has been the Chief Executive Officer of WorldPay (UK) Limited at Worldpay Group plc since March 1, 2017. Mr. Jackson served as Head of Innovation Area at Banco Santander, S.A. since January 29, 2016 and served as its Head of Corporate Innovation from April 1, 2016 to February 28, 2017. He served as the Chief Executive Officer of Travelex Group Limited from March 2010 to February 25, 2015. Mr. Jackson served as Managing Director of Consumer Banking at Lloyds Banking Group where he held a number of senior roles within the Retail arm of HBOS plc before its merger with Lloyds. He started his career at McKinsey and Co. Mr. Jackson has been an Independent Non-Executive Director at Betfair Group PLC since April 24, 2013 and Betfair Limited since April 2013. He served as a Non-Executive Director of Santander UK Group Holdings plc from April 1, 2016 to February 28, 2017. He served as Non Executive Director of Santander UK plc from April 1, 2016 to February 28, 2017. He serves as an Independent Non-Executive Director at The Sporting Exchange Limited. He served as a Director of Travelex Group Limited and Travelex Holdings Limited until March 24, 2015. He served as a Director of Travelex Financing PLC from June 12, 2013 to February 26, 2015. Mr. Jackson holds 1st Class Honours degree in Manufacturing Engineering from Cambridge University.

CEO Compensation
  • Jeremy's compensation has increased by more than 20% in the past year whilst earnings fell less than 20%.
  • Insufficient data for Jeremy to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team Tenure

Average tenure and age of the Flutter Entertainment management team in years:

3.5
Average Tenure
44
Average Age
  • The tenure for the Flutter Entertainment management team is about average.
Management Team

Jeremy Jackson

TITLE
CEO & Director
COMPENSATION
£2M
AGE
44
TENURE
1.6 yrs

Jonathan Hill

TITLE
CFO & Executive Director
COMPENSATION
£549K
AGE
51
TENURE
0.8 yrs

Paul Cutter

TITLE
Chief Technology Officer
TENURE
5.5 yrs

Edward Traynor

TITLE
Group General Counsel & Company Secretary
AGE
41
TENURE
4.3 yrs

Sally Cairns

TITLE
Chief People Officer
TENURE
3.5 yrs

Charlie Kelly

TITLE
Head of Retail Operations In Ireland
TENURE
14.6 yrs

Aine Flanagan

TITLE
Chief Strategy Officer
TENURE
3.3 yrs

Tanya Horgan

TITLE
Chief Risk Officer

Barni Evans

TITLE
Chief Executive Officer of Sportsbet
TENURE
1.6 yrs

Kip Levin

TITLE
Chief Executive Officer of Betfair US & TVG
TENURE
5.3 yrs
Board of Directors Tenure

Average tenure and age of the Flutter Entertainment board of directors in years:

3.5
Average Tenure
54
Average Age
  • The tenure for the Flutter Entertainment board of directors is about average.
Board of Directors

Gary McGann

TITLE
Chairman of the Board
COMPENSATION
£399K
AGE
69
TENURE
4.1 yrs

Jeremy Jackson

TITLE
CEO & Director
COMPENSATION
£2M
AGE
44
TENURE
3.5 yrs

Jonathan Hill

TITLE
CFO & Executive Director
COMPENSATION
£549K
AGE
51
TENURE
0.8 yrs

Michael Cawley

TITLE
Independent Non-Executive Director
COMPENSATION
£102K
AGE
65
TENURE
6.1 yrs

Ian Dyson

TITLE
Senior Independent Director
COMPENSATION
£90K
AGE
57
TENURE
3.5 yrs

Zillah Byng-Thorne

TITLE
Independent Non-Executive Director
COMPENSATION
£97K
AGE
44
TENURE
3.5 yrs

Peter Rigby

TITLE
Independent Non-Executive Director
COMPENSATION
£80K
AGE
63
TENURE
3.5 yrs

Emer Timmons

TITLE
Independent Non-Executive Director
COMPENSATION
£79K
AGE
50
TENURE
2.3 yrs

Jan Bolz

TITLE
Independent Non-Executive Director
COMPENSATION
£79K
AGE
58
TENURE
1.9 yrs

Nancy Cruickshank

TITLE
Independent Non-Executive Director
AGE
49
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
15. May 19 Buy Zillah Byng-Thorne Individual 15. May 19 15. May 19 336 €67.34 €22,626
23. Aug 18 Buy Jeremy Jackson Individual 23. Aug 18 23. Aug 18 1,729 €79.66 €137,724
X
Management checks
We assess Flutter Entertainment's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Flutter Entertainment has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Flutter Entertainment PLC (ISE:FLTR): Will The Growth Last?

Below is a brief commentary around Flutter Entertainment's earnings outlook going forward, which may give you a sense of market sentiment for the company. … To understand the overall trajectory of FLTR's earnings growth over these next fews years, I've fitted a line through these analyst earnings forecast to determine an annual growth rate from the slope. … ISE:FLTR Past and Future Earnings, July 22nd 2019 By 2022, FLTR's earnings should reach UK£297m, from current levels of UK£201m, resulting in an annual growth rate of 14%.

Simply Wall St -

How Do Flutter Entertainment PLC’s (ISE:FLTR) Returns On Capital Compare To Peers?

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for Flutter Entertainment: 0.056 = UK£260m ÷ (UK£5.2b - UK£578m) (Based on the trailing twelve months to December 2018.) Therefore, Flutter Entertainment has an ROCE of 5.6%. … View our latest analysis for Flutter Entertainment Is Flutter Entertainment's ROCE Good? … What Are Current Liabilities, And How Do They Affect Flutter Entertainment's ROCE?

Simply Wall St -

Read This Before Judging Flutter Entertainment PLC's (ISE:FLTR) ROE

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Flutter Entertainment: 4.3% = UK£201m ÷ UK£4.2b (Based on the trailing twelve months to December 2018.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Combining Flutter Entertainment's Debt And Its 4.3% Return On Equity While Flutter Entertainment does have a tiny amount of debt, with debt to equity of just 0.067, we think the use of debt is very modest. … If you would prefer check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

Simply Wall St -

Read This Before Selling Flutter Entertainment PLC (ISE:FLTR) Shares

So shareholders might well want to know whether insiders have been buying or selling shares in Flutter Entertainment PLC (ISE:FLTR). … For example, a Harvard University study found that 'insider purchases earn abnormal returns of more than 6% per year.' View our latest analysis for Flutter Entertainment Flutter Entertainment Insider Transactions Over The Last Year In the last twelve months, the biggest single purchase by an insider was when CEO &amp; Director Jeremy Jackson bought €138k worth of shares at a price of €79.66 per share. … Judging from their transactions, and high insider ownership, Flutter Entertainment insiders feel good about the company's future.

Simply Wall St -

Introducing Flutter Entertainment (ISE:FLTR), The Stock That Dropped 43% In The Last Three Years

Unfortunately, that's been the case for longer term Flutter Entertainment PLC (ISE:FLTR) shareholders, since the share price is down 43% in the last three years, falling well short of the market return of around 9.0%. … During the unfortunate three years of share price decline, Flutter Entertainment actually saw its earnings per share (EPS) improve by 0.3% per year. … We note that for Flutter Entertainment the TSR over the last 3 years was -39%, which is better than the share price return mentioned above.

Simply Wall St -

Company Info

Description

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, Retail, and US segments. It offers exchange sports betting products; fixed odds games betting; online games and casino; peer-to-peer games, including online bingo and poker; and business-to-business services. The company provides sports betting and gaming services through paddypower.com, betfair.com, sportsbet.com.au, tvg.com, us.betfair.com, fanduel.com, and adjarabet.com Websites under the Paddy Power, Betfair, Sportsbet, TVG, FanDuel, and Adjarabet brand names, as well as through a chain of licensed betting offices. It also operates TVG, a horseracing television channel and online advance deposit wagering network; DRAFT, an operator in daily fantasy sports; the Betfair New Jersey online casino; the Betfair New Jersey horseracing betting exchange; and Dial-a-Bet telephone betting service. The company was formerly known as Paddy Power Betfair plc and changed its name to Flutter Entertainment PLC in May 2019. Flutter Entertainment PLC was founded in 1988 and is headquartered in Dublin, Ireland.

Details
Name: Flutter Entertainment PLC
FLTR
Exchange: ISE
Founded: 1988
€5,542,015,453
78,100,556
Website: http://www.flutter.com
Address: Flutter Entertainment PLC
Power Tower,
Belfield Office Park,
Dublin,
Co. Dublin, 4,
Ireland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ISE FLTR Ordinary Shares Irish Stock Exchange IE EUR 07. Dec 2000
OTCPK PDYP.F Ordinary Shares Pink Sheets LLC US USD 07. Dec 2000
DB PPB Ordinary Shares Deutsche Boerse AG DE EUR 07. Dec 2000
LSE FLTR Ordinary Shares London Stock Exchange GB GBP 07. Dec 2000
OTCPK PDYP.Y UNSPONSORED ADS Pink Sheets LLC US USD 28. Oct 2008
Number of employees
Current staff
Staff numbers
7,901
Flutter Entertainment employees.
Industry
Casinos and Gaming
Consumer Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/16 20:42
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/14
Last earnings filing: 2019/08/07
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.