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Flutter Entertainment Plc (FLTR.I) Stock Fundamental Analysis

DUB:FLTR - Euronext Dublin - IE00BWT6H894 - Common Stock - Currency: EUR

181.95  -0.8 (-0.44%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to FLTR. FLTR was compared to 52 industry peers in the Hotels, Restaurants & Leisure industry. FLTR may be in some trouble as it scores bad on both profitability and health. FLTR shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

In the past year FLTR was profitable.
FLTR had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: FLTR reported negative net income in multiple years.
In the past 5 years FLTR always reported a positive cash flow from operatings.
FLTR.I Yearly Net Income VS EBIT VS OCF VS FCFFLTR.I Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 0 500M 1B

1.2 Ratios

Looking at the Return On Assets, with a value of -0.29%, FLTR is doing worse than 70.83% of the companies in the same industry.
FLTR has a Return On Equity (-0.56%) which is comparable to the rest of the industry.
With a Return On Invested Capital value of 1.55%, FLTR is not doing good in the industry: 77.08% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for FLTR is significantly below the industry average of 10.74%.
The 3 year average ROIC (1.02%) for FLTR is below the current ROIC(1.55%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA -0.29%
ROE -0.56%
ROIC 1.55%
ROA(3y)-1.24%
ROA(5y)0.57%
ROE(3y)-2.22%
ROE(5y)0.4%
ROIC(3y)1.02%
ROIC(5y)2.25%
FLTR.I Yearly ROA, ROE, ROICFLTR.I Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 0 50 100 150 200

1.3 Margins

With a Operating Margin value of 3.23%, FLTR is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
In the last couple of years the Operating Margin of FLTR has declined.
Looking at the Gross Margin, with a value of 58.29%, FLTR is in line with its industry, outperforming 50.00% of the companies in the same industry.
FLTR's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 3.23%
PM (TTM) N/A
GM 58.29%
OM growth 3Y-51.52%
OM growth 5Y-43.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.31%
GM growth 5Y-5.1%
FLTR.I Yearly Profit, Operating, Gross MarginsFLTR.I Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 0 20 40 60

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3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FLTR is destroying value.
The number of shares outstanding for FLTR has been increased compared to 1 year ago.
FLTR has a worse debt/assets ratio than last year.
FLTR.I Yearly Shares OutstandingFLTR.I Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 50M 100M 150M
FLTR.I Yearly Total Debt VS Total AssetsFLTR.I Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 5B 10B 15B 20B

2.2 Solvency

FLTR has an Altman-Z score of 2.96. This is not the best score and indicates that FLTR is in the grey zone with still only limited risk for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 2.96, FLTR is in the better half of the industry, outperforming 68.75% of the companies in the same industry.
FLTR has a debt to FCF ratio of 8.09. This is a slightly negative value and a sign of low solvency as FLTR would need 8.09 years to pay back of all of its debts.
FLTR has a Debt to FCF ratio of 8.09. This is comparable to the rest of the industry: FLTR outperforms 41.67% of its industry peers.
FLTR has a Debt/Equity ratio of 0.56. This is a neutral value indicating FLTR is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.56, FLTR is in the better half of the industry, outperforming 60.42% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 8.09
Altman-Z 2.96
ROIC/WACC0.22
WACC6.91%
FLTR.I Yearly LT Debt VS Equity VS FCFFLTR.I Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2B 4B 6B 8B 10B

2.3 Liquidity

FLTR has a Current Ratio of 0.81. This is a bad value and indicates that FLTR is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.81, FLTR is in line with its industry, outperforming 41.67% of the companies in the same industry.
FLTR has a Quick Ratio of 0.81. This is a bad value and indicates that FLTR is not financially healthy enough and could expect problems in meeting its short term obligations.
FLTR has a Quick ratio (0.81) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.81
Quick Ratio 0.81
FLTR.I Yearly Current Assets VS Current LiabilitesFLTR.I Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 1B 2B 3B

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8

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 82.55% over the past year.
Measured over the past years, FLTR shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -13.68% on average per year.
FLTR shows a strong growth in Revenue. In the last year, the Revenue has grown by 43.03%.
Measured over the past years, FLTR shows a very strong growth in Revenue. The Revenue has been growing by 34.54% on average per year.
EPS 1Y (TTM)82.55%
EPS 3Y-14.44%
EPS 5Y-13.68%
EPS Q2Q%141.15%
Revenue 1Y (TTM)43.03%
Revenue growth 3Y53.19%
Revenue growth 5Y34.54%
Sales Q2Q%41.92%

3.2 Future

Based on estimates for the next years, FLTR will show a very strong growth in Earnings Per Share. The EPS will grow by 50.26% on average per year.
FLTR is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 11.26% yearly.
EPS Next Y119.38%
EPS Next 2Y63.97%
EPS Next 3Y54.95%
EPS Next 5Y50.26%
Revenue Next Year6.83%
Revenue Next 2Y9.11%
Revenue Next 3Y9.82%
Revenue Next 5Y11.26%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
FLTR.I Yearly Revenue VS EstimatesFLTR.I Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2B 4B 6B 8B 10B
FLTR.I Yearly EPS VS EstimatesFLTR.I Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6 8

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 47.51 indicates a quite expensive valuation of FLTR.
66.67% of the companies in the same industry are cheaper than FLTR, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 28.98, FLTR is valued quite expensively.
A Price/Forward Earnings ratio of 30.53 indicates a quite expensive valuation of FLTR.
Based on the Price/Forward Earnings ratio, FLTR is valued a bit more expensive than 64.58% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.38, FLTR is valued a bit more expensive.
Industry RankSector Rank
PE 47.51
Fwd PE 30.53
FLTR.I Price Earnings VS Forward Price EarningsFLTR.I Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, FLTR is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
FLTR's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. FLTR is more expensive than 70.83% of the companies in the same industry.
Industry RankSector Rank
P/FCF 38.81
EV/EBITDA 22.95
FLTR.I Per share dataFLTR.I EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 20 -20 40 -40 60

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
FLTR's earnings are expected to grow with 54.95% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y63.97%
EPS Next 3Y54.95%

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0

5. Dividend

5.1 Amount

FLTR does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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Flutter Entertainment Plc

DUB:FLTR (1/23/2024, 7:00:00 PM)

181.95

-0.8 (-0.44%)

Chartmill FA Rating
GICS SectorConsumer Discretionary
GICS IndustryGroupConsumer Services
GICS IndustryHotels, Restaurants & Leisure
Earnings (Last)N/A N/A
Earnings (Next)N/A N/A
Inst OwnersN/A
Inst Owner ChangeN/A
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap32.06B
Analysts81.29
Price Target195.39 (7.39%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.1%
PT rev (3m)-5.52%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-3.1%
EPS NY rev (3m)-6.31%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.61%
Revenue NY rev (3m)-1.69%
Valuation
Industry RankSector Rank
PE 47.51
Fwd PE 30.53
P/S 3
P/FCF 38.81
P/OCF 25.77
P/B 2.72
P/tB N/A
EV/EBITDA 22.95
EPS(TTM)3.83
EY2.1%
EPS(NY)5.96
Fwd EY3.28%
FCF(TTM)4.69
FCFY2.58%
OCF(TTM)7.06
OCFY3.88%
SpS60.67
BVpS66.82
TBVpS-41.14
PEG (NY)0.4
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.29%
ROE -0.56%
ROCE 1.77%
ROIC 1.55%
ROICexc 1.64%
ROICexgc N/A
OM 3.23%
PM (TTM) N/A
GM 58.29%
FCFM 7.73%
ROA(3y)-1.24%
ROA(5y)0.57%
ROE(3y)-2.22%
ROE(5y)0.4%
ROIC(3y)1.02%
ROIC(5y)2.25%
ROICexc(3y)1.08%
ROICexc(5y)2.33%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)1.16%
ROCE(5y)2.57%
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3Y-51.89%
ROICexc growth 5Y-41.5%
OM growth 3Y-51.52%
OM growth 5Y-43.12%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-5.31%
GM growth 5Y-5.1%
F-Score5
Asset Turnover0.47
Health
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 8.09
Debt/EBITDA 4.01
Cap/Depr 32.47%
Cap/Sales 3.91%
Interest Coverage 1.22
Cash Conversion 76.2%
Profit Quality N/A
Current Ratio 0.81
Quick Ratio 0.81
Altman-Z 2.96
F-Score5
WACC6.91%
ROIC/WACC0.22
Cap/Depr(3y)44.87%
Cap/Depr(5y)53.98%
Cap/Sales(3y)3.79%
Cap/Sales(5y)3.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)82.55%
EPS 3Y-14.44%
EPS 5Y-13.68%
EPS Q2Q%141.15%
EPS Next Y119.38%
EPS Next 2Y63.97%
EPS Next 3Y54.95%
EPS Next 5Y50.26%
Revenue 1Y (TTM)43.03%
Revenue growth 3Y53.19%
Revenue growth 5Y34.54%
Sales Q2Q%41.92%
Revenue Next Year6.83%
Revenue Next 2Y9.11%
Revenue Next 3Y9.82%
Revenue Next 5Y11.26%
EBIT growth 1Y462.21%
EBIT growth 3Y-25.74%
EBIT growth 5Y-23.47%
EBIT Next Year81.22%
EBIT Next 3Y42.21%
EBIT Next 5Y37.75%
FCF growth 1Y-22.95%
FCF growth 3Y45.58%
FCF growth 5Y19.25%
OCF growth 1Y-4.78%
OCF growth 3Y45.71%
OCF growth 5Y22.43%