Flutter Entertainment plc Ordinary Shares (FLUT)

FairStock Score: 38/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I am wary of businesses whose profits depend on luck, regulation, and fickle consumers. Flutter is a global sports-betting and iGaming operator, and it has real scale: revenue rose from $11.8B in fiscal 2023 to $16.4B in fiscal 2025. But the bottom line is erratic. Net income was -$1.2B in fiscal 2023, $162M in fiscal 2024, and -$407M in fiscal 2025. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $4.3B but net loss was $296M, after fiscal Q1 2026 earned $209M. That is not the dependable earnings stream Graham demanded. The moat, if any, comes from scale, product breadth, and geography, but gambling is heavily regulated and competitive. Financial health is not comforting: debt-to-equity is 1.34, FairStock calculates return on equity at -7.87%, and its Altman Z-Score is 0.93 and Piotroski F-Score is 4/9. Free cash flow is positive at $505M trailing, a 3.7% FCF yield, but that does not fully offset the losses. At the 2026-10-13 close of $78.06, FairStock calculates P/B at 1.55 and EV/EBITDA at 13.94. The price sits near the low end of its $73.50-$255.26 range, and FairStock scores it 38/100, calling it a turnaround. I would want a clearer margin of safety and evidence that profits are durable before trusting this one.

In plain English: Flutter is a large sports betting and online gaming company operating in the U.S., U.K., Ireland, Australia, Italy and other markets. Revenue has grown, but the business swings between profits and losses; in fiscal Q2 2026, the quarter ended 2026-06-30, it had $4.3B of revenue and a $296.0M net loss. At the 2026-10-13 close of $78.06, the price is far below its 52-week high and trades at 1.55 times accounting value, but the losses make it hard to call clearly cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer