FLUTTER ENTERTAINMENT PLC ORD EUR0.09 (DI)
Symbol: FLTR
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Company
Business Summary
Flutter Entertainment plc is an Ireland-based global betting and gaming company. The Company operates through four divisions: US, UK & Ireland, Australia and International. The US division includes FanDuel, TVG, FOX Bet and PokerStars brands, offering regulated real money and free-to-play sports betting, online gaming, daily fantasy sports and online racing wagering products to customers across various states in the Unites States and Canada. The UK & Ireland division includes the Sky Betting and Gaming, Paddy Power, Betfair and Tombola brands offering a diverse range of sportsbook, exchange and gaming services across the United Kingdom and Ireland, along with over 600 Paddy Power betting shops. The Australia division includes the Sportsbet brand offers online sports betting. The International segment includes PokerStars, Sisal, Adjarabet, Betfair and Junglee operating in multiple jurisdictions around the world offering a diverse range of sportsbook, exchange and gaming services.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, Flutter Entertainment PLC revenues increased 25% to $11.79B. Net loss applicable to common stockholders increased from $432M to $1.22B. Revenues reflect Sportsbook segment increase of 24% to $6.59B, iGaming segment increase of 29% to $4.62B, US segment increase of 38% to $4.39B, Italy segment increase of 96% to $1.35B.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 11,790.00 | 7,693.20 | 8,308.00 | 5,572.54 | 2,701.75 | 2,365.17 |
Gross profit | 5,588.00 | 4,546.90 | 4,427.00 | 3,626.15 | 1,880.87 | 1,771.92 |
Operating Profit/Loss | -555.00 | -128.00 | -319.00 | 130.67 | 189.25 | 271.82 |
Profit Before Tax | -1,091.00 | -274.80 | -563.00 | 1.39 | 171.32 | 276.11 |
Profit After Tax | -1,211.00 | -304.90 | -757.00 | -43.81 | 141.27 | 228.13 |
Equity Holders of Parent Company | -1,222.00 | -302.00 | -923.00 | 47.85 | 181.80 | 254.27 |
Minority Interest | 1,312.00 | 131.20 | -118.66 | 130.54 | 299.21 | 295.42 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 20,659.00 | 17,583.00 | 18,702.28 | 19,607.99 | 6,362.24 | 6,067.32 |
Total Current Assets | 3,976.00 | 2,899.20 | 2,476.77 | 1,844.64 | 456.77 | 470.53 |
Total Assets | 24,635.00 | 20,482.20 | 21,179.05 | 21,452.63 | 6,819.01 | 6,537.85 |
Total Liabilities | 13,267.00 | 10,145.30 | 8,189.96 | 7,570.32 | 1,529.64 | 1,221.09 |
Total Net Assets | 11,368.00 | 10,336.90 | 12,989.09 | 13,882.31 | 5,289.36 | 5,316.76 |
Shareholders Funds | 10,044.00 | 10,208.60 | 12,941.75 | 13,843.42 | 5,030.68 | 5,047.47 |
Minority Interests | 1,312.00 | 131.20 | -118.66 | 130.54 | 299.21 | 295.42 |
Total Equity | 11,368.00 | 10,336.90 | 12,989.09 | 13,882.31 | 5,289.36 | 5,316.76 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy11 |
Buy14 |
Neutral2 |
Sell0 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 11 | 14 | 2 | 0 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 |
---|---|---|
Revenue | £10,649.30mn | £11,909.60mn |
Pre-tax-Profit | £1,461.24mn | £1,953.06mn |
EPS | £5.03p | £7.06p |
EPS Growth | 81.43% | 40.24% |
P/E | 34.23 | 24.45 |
PEG Ratio | 0.42 | 0.61 |
Dividend | 194.39p | 271.53p |
Yield | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
16th Feb 2024 | Berenberg Bank | Reiteration | 17085p | 17000p | 18600p | Buy |
18th Dec 2023 | Jefferies | Reiteration | 13445p | 0p | 19500p | Buy |
24th Nov 2023 | Barclays | Reiteration | 12620p | 160p | 153p | Equal-weight |
20th Nov 2023 | JP Morgan Cazenove | Reiteration | 13070p | 17100p | 15700p | Neutral |
9th Nov 2023 | Shore Capital | Reiteration | 12300p | 0p | 0p | Hold |
26th Sep 2023 | Berenberg Bank | Reiteration | 13655p | 16000p | 16900p | Buy |
5th Jun 2023 | Barclays | Reiteration | 15790p | 0p | 155p | Equal-weight |
3rd May 2023 | Shore Capital | Reiteration | 15600p | 0p | 0p | Hold |
13th Mar 2023 | Berenberg Bank | Reiteration | 13725p | 13800p | 16000p | Buy |
2nd Mar 2023 | Shore Capital | Reiteration | 13330p | 0p | 0p | Hold |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
28 Mar 2024 | 17:27 | 15,786.84 | 105 | Sell |
28 Mar 2024 | 17:26 | 15,793.16 | 891 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.