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

-0.6%

FLTR

1.2%

IE Hospitality

7.0%

IE Market


1 Year Return

13.9%

FLTR

7.4%

IE Hospitality

3.4%

IE Market

Return vs Industry: FLTR exceeded the Irish Hospitality industry which returned 7.4% over the past year.

Return vs Market: FLTR exceeded the Irish Market which returned 3.4% over the past year.


Shareholder returns

FLTRIndustryMarket
7 Day-0.6%1.2%7.0%
30 Day3.2%1.1%6.0%
90 Day11.9%2.1%3.8%
1 Year17.6%13.9%11.0%7.4%5.7%3.4%
3 Year-2.9%-10.6%19.9%9.0%20.2%14.4%
5 Year93.0%52.6%55.2%30.8%78.2%63.2%

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?

31.57x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FLTR (€86.6) is trading above our estimate of fair value (€85.66)

Significantly Undervalued: 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 (31.6x) compared to the Hospitality industry average (19.8x).

PE vs Market: FLTR is poor value based on its PE Ratio (31.6x) compared to the Irish market (13.6x).


Price to Earnings Growth Ratio

Low PEG Ratio: FLTR is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: FLTR is good value based on its PB Ratio (1.5x) compared to the XE Hospitality industry average (1.5x).


Next Steps

Future Growth

How is Flutter Entertainment forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

28.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FLTR's forecast earnings growth (28.5% per year) is above the savings rate (0.9%).

Earnings vs Market: FLTR's earnings (28.5% per year) are forecast to grow faster than the Irish market (13% per year).

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

Revenue vs Market: FLTR's revenue (10.3% per year) is forecast to grow faster than the Irish market (4.2% per year).

High Growth Revenue: FLTR's revenue (10.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FLTR's Return on Equity is forecast to be low in 3 years time (7%).


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

Earnings Trend: FLTR's earnings have grown significantly by 23% 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 (-13.2%) over the past year, making it difficult to compare to the Hospitality industry average (2.5%).


Return on Equity

High ROE: FLTR's Return on Equity (3.8%) is considered low.


Return on Assets

ROA vs Industry: FLTR's Return on Assets is below or equal to the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: FLTR has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Flutter Entertainment's financial position?


Financial Position Analysis

Short Term Liabilities: FLTR's short term assets (£334.6M) do not cover its short term liabilities (£527.8M)

Long Term Liabilities: FLTR's short term assets (334.6M) do not cover its long term liabilities (661.7M)


Debt to Equity History and Analysis

Debt Level: FLTR's debt to equity ratio (10.9%) is considered satisfactory

Reducing Debt: Insufficient data to determine if FLTR's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: FLTR's debt is well covered by operating cash flow (80.5%).

Interest Coverage: FLTR's interest payments on its debt are well covered by EBIT (30.7x coverage).


Balance Sheet

Inventory Level: FLTR has a low level of unsold assets or inventory.

Debt Coverage by Assets: FLTR's 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?

2.67%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%2.3%markettop25%3.9%industryaverage3.1%forecastin3Years2.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FLTR's dividend (2.67%) is higher than the bottom 25% of dividend payers in the Irish market (2.32%).

High Dividend: FLTR's dividend (2.67%) is low compared to the top 25% of dividend payers in the Irish market (3.95%).

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: At its current payout ratio (84.3%), FLTR's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FLTR's dividends in 3 years are forecast to be covered by earnings (60% payout ratio).


Next Steps

Management

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

3.7yrs

Average management tenure


CEO

Jeremy Jackson (44yo)

1.8yrs

Tenure

UK£1,678,490

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

Compensation vs. Market: Jeremy has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the Irish market.

Compensation vs Earnings: Jeremy's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

3.7yrs

Average Tenure

44yo

Average Age

Experienced Management: FLTR's management team is considered experienced (3.7 years average tenure).


Board Age and Tenure

3.7yrs

Average Tenure

54yo

Average Age

Experienced Board: FLTR's board of directors are considered experienced (3.7 years average tenure).


Insider Trading

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


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: 14.8yrs
  • Paul Cutter

    Chief Technology Officer

    • Tenure: 5.7yrs
  • Tanya Horgan

    Chief Risk Officer

    • Tenure: 0yrs
  • Jeremy Jackson (44yo)

    CEO & Director

    • Tenure: 1.8yrs
    • Compensation: UK£1.68m
  • Jonathan Hill (51yo)

    CFO & Executive Director

    • Tenure: 1yrs
    • Compensation: UK£549.03k
  • Barni Evans

    Chief Executive Officer of Sportsbet

    • Tenure: 1.8yrs
  • Kip Levin

    Chief Executive Officer of Betfair US & TVG

    • Tenure: 5.5yrs
  • Edward Traynor (41yo)

    Group General Counsel & Company Secretary

    • Tenure: 4.4yrs
  • Sally Cairns

    Chief People Officer

    • Tenure: 3.7yrs
  • Aine Flanagan

    Chief Strategy Officer

    • Tenure: 3.5yrs

Board Members

  • Nancy Cruickshank (49yo)

    Independent Non-Executive Director

    • Tenure: 0yrs
  • Gary McGann (69yo)

    Independent Chairman of the Board

    • Tenure: 4.3yrs
    • Compensation: UK£399.00k
  • Peter Rigby (63yo)

    Independent Non-Executive Director

    • Tenure: 3.7yrs
    • Compensation: UK£80.00k
  • Ian Dyson (57yo)

    Senior Independent Director

    • Tenure: 3.7yrs
    • Compensation: UK£90.00k
  • Michael Cawley (65yo)

    Independent Non-Executive Director

    • Tenure: 6.3yrs
    • Compensation: UK£102.00k
  • Zillah Byng-Thorne (44yo)

    Independent Non-Executive Director

    • Tenure: 3.7yrs
    • Compensation: UK£97.00k
  • Jeremy Jackson (44yo)

    CEO & Director

    • Tenure: 1.8yrs
    • Compensation: UK£1.68m
  • Jonathan Hill (51yo)

    CFO & Executive Director

    • Tenure: 1yrs
    • Compensation: UK£549.03k
  • Jan Bolz (58yo)

    Independent Non-Executive Director

    • Tenure: 2.1yrs
    • Compensation: UK£79.00k
  • Emer Timmons (50yo)

    Independent Non-Executive Director

    • Tenure: 2.4yrs
    • 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: €6.823b
  • Shares outstanding: 77.94m
  • 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 Analysis2019/10/17 20:44
End of Day Share Price2019/10/17 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.