Flutter Entertainment Plc
FLUT
Market Cap$42.24B
Close$
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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$172.00
41.8% downside
Current Fair Value
41.8% downsideOvervalued by 41.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $42.24 Billion |
|---|---|
| Enterprise Value | $50.13 Billion |
| Dividend Yield | $- (-) |
| Earnings per Share | $-7.07 |
| Beta | 1.24 |
| Outstanding Shares | 178,000,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | -32.49 |
|---|---|
| PEG | 35.93 |
| Price to Sales | 3.56 |
| Price to Book Ratio | 4.16 |
| Enterprise Value to Revenue | 3.37 |
| Enterprise Value to EBIT | 59.18 |
| Enterprise Value to Net Income | 130 |
| Total Debt to Enterprise | 0.23 |
| Debt to Equity | 1.11 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Flutter Entertainment Plc
CEO: Peter Jackson