# Flutter Entertainment plc (FLTR.L) fundamentals

Data as of 2026-09-08. LSE, United Kingdom. Sector: Consumer Cyclical / Hotels, Restaurants & Leisure. Price 7588p, market value 13.2 billionp.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Flutter Entertainment plc reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 0.7×**. Each dollar of revenue is priced at 0.7×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 196.9×**. The shares trade at 196.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 10.1×**. Enterprise value is 10.1× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 2.8%** (5-yr avg 0.0%). Free cash flow equals 2.8% of the market value, above its five-year average of 0.0%, so the shares are cheaper on cash than they have usually been.

## Profitability
- **Gross margin: 27.7%**. Flutter Entertainment plc keeps 27.7% of revenue after the direct cost of what it sells.
- **Operating margin: -4.9%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -1.9%**. The company reported a net loss over the last twelve months.
- **Return on equity: -3.4%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -6.5%**. Return on all capital, debt included, is -6.5%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -3.9%**. Each dollar of assets produces -3.9% of profit.

## Growth
- **Revenue growth (1 yr): 16.5%** (3-yr 20.0%/yr, 5-yr 22.1%/yr). Revenue grew 16.5% over the last year, against 22.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -829.2%**. Earnings per share fell 829.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 24.5%/yr**. Free cash flow has compounded at 24.5% a year over three years.

## Financial health
- **Debt to equity: 1.43**. Debt is 1.43 times equity, a leveraged balance sheet that needs steady cash flow to service.
- **Net debt / EBITDA: 3.4×**. It would take 3.4 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Interest coverage: -1.3×**. Operating profit covers interest only -1.3×: fragile.
- **Current ratio: 0.95** (quick 0.95). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 1.50**. A Z-score of 1.50 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Flutter Entertainment plc does not currently pay a dividend, but it returned 4.2% of its market value through buybacks over the last year.

## Analyst view
- **Analyst consensus: buy** (12 analysts). 12 analysts cover Flutter Entertainment plc; the consensus is buy, with an average price target of 12103p (+60% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **From 52-week high: -67.0%** (12.9% above the low). Trading 67% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): 0.04** (volatility 46%). Beta of 0.04 against the FTSE All-Share: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FLTR.L · Page: https://foliofundamentals.com/stocks/fltr.l

Not investment advice.