Flutter Entertainment Plc
FLUT
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+ FollowMarket Cap$17.66B
Close$
Earnings Call Q2 2023
August 9, 2023 - AI Summary
Flutter Entertainment's U.S. business, led by FanDuel, achieved profitability in H1 2023, six months ahead of expectations. The company reported an H1 adjusted EBITDA of $100 million, including a Q2 EBITDA of $153 million.
FanDuel attracted over 2 million new players in the first half, driving revenue growth of 63%. The company maintained its position as the number one online sportsbook operator with a 47% market share and grew its iGaming share to 23%.
Pro forma revenue for Flutter's international division grew 8% in H1, while EBITDA was up 4%. The consolidated investment markets within the division performed strongly, growing revenues by 19% and representing 77% of divisional revenue.
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$130.35
33.2% upside
Current Fair Value
33.2% upsideUndervalued by 33.2% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $17.66 Billion |
|---|---|
| Enterprise Value | $26.71 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $-1.73 |
| Beta | 1.11 |
| Outstanding Shares | 179,000,000 |
Return
| Return on Equity | -5.62% |
|---|---|
| Return on Assets | -1.79% |
| Return on Invested Capital | 3.55% |
Valuation & Multiples
| P/E Ratio | -48.85 |
|---|---|
| PEG | 139.8 |
| Price to Sales | 1.03 |
| Price to Book Ratio | 1.81 |
| Enterprise Value to Revenue | 1.57 |
| Enterprise Value to EBIT | 32.07 |
| Enterprise Value to Net Income | -53 |
| Total Debt to Enterprise | 0.47 |
| Debt to Equity | 1.39 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
May 19, 2026
EPS Estimate
$1.50
Average shareholder expectationRevenue Estimate
$4.29 B
Average shareholder expectationNext Earnings Call
Expected Date
August 6, 2026
EPS Estimate
$0.55
Average shareholder expectationRevenue Estimate
$4.27 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 0.9351▲ 33.50% |
|---|---|
| Total Calls | 1,384,500▼ 20.18% |
| Total Puts | 1,294,700▲ 24.38% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 78.21%▼ 9.78% |
|---|---|
| Total Invested | $14.41B▼ 57.47% |
| Investors Holding | 481▼ 84.00% |
ESG Score
No data
About Flutter Entertainment Plc
CEO: Peter Jackson