A Business at a Glance
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Flutter Entertainment plc
FLUT
$17.9B
Mkt Cap
$101.25
+0.43%
Flutter Entertainment plc (FLUT) has a 5-year average return on invested capital (ROIC) of -22.8%. This is below average and may indicate limited pricing power.
Flutter Entertainment plc (FLUT) has a market capitalization of $17.9B. It is classified as a large-cap stock.
Flutter Entertainment plc (FLUT) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 6.26%.
Flutter Entertainment plc (FLUT) operates in the Services-Computer Programming, Data Processing, Etc. industry, within the Technology sector.
Flutter Entertainment plc (FLUT) reported annual revenue of $16.4 billion in its most recent fiscal year, based on SEC EDGAR filings.
Flutter Entertainment plc (FLUT) has a net profit margin of -1.9%. The company is currently unprofitable.
Flutter Entertainment plc (FLUT) generated $1.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Company Information The Company’s legal name is Flutter Entertainment plc. The Company was originally incorporated and registered in Ireland as a private limited company on April 8, 1958, under the name Corcoran’s Management Limited with the registration number 16956. The Company, which would later operate under the name Paddy Power plc, was then formed in 1988 through the merger of three independent bookmakers, including Corcoran’s Management Limited. The Company re-registered as a public limited company on November 15, 2000, and, in December 2000, it listed on the Irish Stock Exchange and the London Stock Exchange (“LSE”). The Company merged with Betfair Group plc on February 2, 2016, and changed its name to Paddy Power Betfair plc. The Company then changed its name to Flutter Entertainment plc on May 28, 2019.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 16.4B | 16.4B | 14.0B | 11.8B | 9.5B | 9.5B |
| Net Income | -310M | -310M | 43M | -1.2B | -432M | 902M |
| EPS | $-1.75 | $-1.75 | $0.24 | $-6.89 | $-2.44 | - |
| Free Cash Flow | 1.1B | 1.1B | 1.5B | 778M | 1.0B | - |
| ROIC | 0.1% | 0.2% | 6.4% | -7.2% | -90.7% | - |
| Gross Margin | 45.2% | 45.2% | 47.7% | 47.4% | 49.1% | - |
| Debt/Equity | 1.44 | 1.44 | 0.79 | 0.76 | - | - |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 36M | 36M | 869M | -549M | -88M | - |
| Operating Margin | 0.2% | 0.2% | 6.2% | -4.7% | -0.9% | - |
| ROE | -3.4% | -3.4% | 0.5% | -12.2% | - | - |
| Shares Outstanding | 177M | 177M | 179M | 177M | 177M | - |
| Metric | 2021 | 2022 | 2023 | |||
|---|---|---|---|---|---|---|
| Income Statement | ||||||
| Revenue | 9.5B | 9.5B | 11.8B | 14.0B | 16.4B | 16.4B |
| Gross Margin | N/A | 49.1% | 47.4% | 47.7% | 45.2% | 45.2% |
| R&D | N/A | 552M | 765M | 820M | 991M | 991M |
| SG&A | N/A | 1.2B | 1.6B | 1.8B | 2.2B | 2.2B |
| EBIT | N/A | -88M | -549M | 869M | 36M | 36M |
| Op. Margin | N/A | -0.9% | -4.7% | 6.2% | 0.2% | 0.2% |
| Net Income | 902M | -432M | -1.2B | 43M | -310M | -310M |
| Net Margin | 9.5% | -4.6% | -10.4% | 0.3% | -1.9% | -1.9% |
| Non-Recurring | 0 | 0 | 0 | 0 | 764M | 764M |
| Returns on Capital | ||||||
| ROIC | N/A | -90.7% | -7.2% | 6.4% | 0.2% | 0.1% |
| ROE | N/A | N/A | -12.2% | 0.5% | -3.4% | -3.4% |
| ROA | 81.9% | -72.1% | -5.0% | 0.2% | -1.2% | -1.1% |
| Cash Flow | ||||||
| Op. Cash Flow | 0 | 1.2B | 937M | 1.6B | 1.2B | 1.2B |
| Free Cash Flow | N/A | 1.0B | 778M | 1.5B | 1.1B | 1.1B |
| Owner Earnings | -501K | -44M | -528M | 309M | -579M | -579M |
| CapEx | 0 | 122M | 159M | 144M | 105M | 105M |
| Maint. CapEx | 0 | 1.1B | 1.3B | 1.1B | 1.5B | 1.5B |
| Growth CapEx | N/A | 0 | 0 | 0 | 0 | 0 |
| D&A | 0 | 1.1B | 1.3B | 1.1B | 1.5B | 1.5B |
| CapEx/OCF | N/A | 10.5% | 17.0% | 9.0% | 8.9% | 8.9% |
| Capital Allocation | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 3.0M | 212M | 219M | 1.1B | 1.1B |
| Buyback Yield | N/A | 0.0% | 0.7% | 0.5% | 2.9% | 6.3% |
| Stock-Based Comp | 501K | 132M | 180M | 196M | 246M | 246M |
| Debt Repayment | 0 | 2.6B | 1.8B | 1.9B | 5.6B | 5.6B |
| Balance Sheet | ||||||
| Net Debt | N/A | 1.7B | 4.6B | 4.3B | 9.3B | 11.2B |
| Cash & Equiv. | 2.7B | 966M | 1.5B | 1.5B | 1.8B | 1.8B |
| Long-Term Debt | N/A | 2.6B | 7.0B | 6.7B | 12.2B | 12.2B |
| Debt/Equity | N/A | N/A | 0.76 | 0.79 | 1.44 | 1.44 |
| Interest Coverage | N/A | -88.0 | -1.4 | 2.1 | 0.1 | 0.1 |
| Equity | N/A | N/A | 10.0B | 9.3B | 9.0B | 9.0B |
| Total Assets | 1.1B | 97M | 24.6B | 24.5B | 29.3B | 29.3B |
| Total Liabilities | N/A | N/A | 13.3B | 13.2B | 19.6B | 19.6B |
| Intangibles | N/A | N/A | 5.9B | 5.4B | 7.0B | 7.0B |
| Retained Earnings | N/A | N/A | 10.1B | 9.6B | 8.1B | 8.1B |
| Working Capital | N/A | N/A | -550M | -246M | -247M | -247M |
| Current Assets | N/A | N/A | 4.0B | 4.3B | 4.8B | 4.8B |
| Current Liabilities | N/A | N/A | 4.5B | 4.6B | 5.0B | 5.0B |
| Per Share Data | ||||||
| EPS | N/A | -2.44 | -6.89 | 0.24 | -1.75 | -1.75 |
| Owner EPS | N/A | -0.25 | -2.98 | 1.72 | -3.27 | -3.27 |
| Book Value | N/A | N/A | 56.63 | 51.87 | 51.02 | 51.02 |
| Cash Flow/Share | N/A | 6.57 | 5.28 | 8.94 | 6.68 | 6.81 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | N/A | 177.0M | 177.4M | 179.2M | 177.1M | 177.1M |
| Valuation | ||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | -57.9 |
| P/FCF | N/A | 22.8 | 39.9 | 32.2 | 36.2 | 16.6 |
| EV/EBIT | N/A | N/A | N/A | 58.3 | N/A | 808.0 |
| Price/Book | N/A | N/A | 3.1 | 5.0 | 4.3 | 2.0 |
| Price/Sales | N/A | 2.3 | 2.6 | 2.7 | 2.8 | 1.1 |
| FCF Yield | N/A | 4.4% | 2.5% | 3.1% | 2.8% | 6.0% |
| Market Cap | N/A | 23.7B | 31.0B | 46.9B | 39.1B | 17.9B |
| Avg. Price | 190.26 | 122.73 | 174.95 | 213.66 | 256.01 | 101.25 |
| Year-End Price | 155.50 | 134.00 | 174.96 | 261.80 | 220.65 | 101.25 |
Flutter Entertainment plc passes 3 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 16.4x vs a median of 34.2x. The company's 5-year average gross margin is 47.4%. Total shareholder yield (buybacks) is 6.3%. At current prices, the estimated annualized return to fair value is +1.1%.
Flutter Entertainment plc (FLUT) has a debt-to-equity ratio of 1.44. This indicates moderate leverage.
Flutter Entertainment plc (FLUT) reported earnings per share (EPS) of $-1.75 in its most recent fiscal year.
Flutter Entertainment plc (FLUT) has a return on equity (ROE) of -3.4%. A negative ROE may indicate losses or negative equity.
Flutter Entertainment plc (FLUT) has a 5-year average gross margin of 47.4%. This indicates decent pricing power.
The Ledger Terminal provides 5 years of financial data for Flutter Entertainment plc (FLUT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Flutter Entertainment plc (FLUT) has a book value per share of $51.02, based on its most recent annual SEC filing.