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Flutter Entertainment Plc (FLTR.I) Stock Fundamental Analysis

Europe - DUB:FLTR - IE00BWT6H894 - Common Stock

181.95 EUR
-0.8 (-0.44%)
Last: 1/23/2024, 7:00:00 PM
Fundamental Rating

4

FLTR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 53 industry peers in the Hotels, Restaurants & Leisure industry. Both the profitability and financial health of FLTR have multiple concerns. FLTR is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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3

1. Profitability

1.1 Basic Checks

FLTR had positive earnings in the past year.
In the past year FLTR had a positive cash flow from operations.
In multiple years FLTR reported negative net income over the last 5 years.
Each year in the past 5 years FLTR had a positive operating cash flow.
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.
Looking at the Return On Equity, with a value of -0.56%, FLTR is in line with its industry, outperforming 43.75% of the companies in the same industry.
FLTR has a Return On Invested Capital of 1.55%. This is in the lower half of the industry: FLTR underperforms 77.08% of its industry peers.
The Average Return On Invested Capital over the past 3 years for FLTR is significantly below the industry average of 10.61%.
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

The Operating Margin of FLTR (3.23%) is worse than 75.00% of its industry peers.
In the last couple of years the Operating Margin of FLTR has declined.
The Gross Margin of FLTR (58.29%) is comparable to the rest of the 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

FLTR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, FLTR has more shares outstanding
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.
FLTR has a better Altman-Z score (2.96) than 68.75% of its industry peers.
The Debt to FCF ratio of FLTR is 8.09, which is on the high side as it means it would take FLTR, 8.09 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 8.09, FLTR is in line with its industry, outperforming 41.67% of the companies in the same industry.
A Debt/Equity ratio of 0.56 indicates that FLTR is somewhat dependend on debt financing.
FLTR's Debt to Equity ratio of 0.56 is fine compared to the rest of the industry. FLTR outperforms 60.42% of its industry peers.
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.
FLTR has a Current ratio (0.81) which is comparable to the rest of the 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.
The Revenue has grown by 43.03% in the past year. This is a very strong growth!
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

FLTR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 50.26% yearly.
Based on estimates for the next years, FLTR will show a quite strong growth in Revenue. The Revenue will grow by 11.26% on average per year.
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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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

Based on the Price/Earnings ratio of 47.51, the valuation of FLTR can be described as expensive.
66.67% of the companies in the same industry are cheaper than FLTR, based on the Price/Earnings ratio.
FLTR's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.30.
With a Price/Forward Earnings ratio of 30.53, FLTR can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Forward Earnings ratio of FLTR indicates a slightly more expensive valuation: FLTR is more expensive than 64.58% of the companies listed in the same industry.
FLTR's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 22.73.
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

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of FLTR indicates a slightly more expensive valuation: FLTR is more expensive than 75.00% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, FLTR is valued a bit 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

FLTR's 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 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%