Flutter Entertainment
Note: This is a daily stock update and the information stands true as of 05/06/25, 09:00 CET.
Company Update:
Expert Opinion:
Flutter is a strong company with strong fundamentals, but it trades at a massive premium vs peers. Our expert believes there are better opportunities in the sector. He notably like Entain better:
1/ momentum is improving as demonstrated in latest earnings releases and
2/ trades on PE25x and 26x of 8.4x and 6.8x respectively.
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Company Update:
We have adjusted down our net profit estimates for 2005 and 2026 due to higher than expected share based compensation and interest expenses. While we expect momentum to pick up in the US going forward, leading to improved profitability in the future, this had a significant impact and we have cut our EPS estimates by 19% in 2025 and 14% in 2026.
Valuation is expensive as the company trades on PE25 and 26 of 29.8x and 24.2x respectively, down to 19.6x in 2027.
We retain our negative rating on the name with a target price of 16670p, leaving 8% downside.
Flutter is a strong company with strong fundamentals, but it trades at a massive premium vs peers. Our expert believes there are better opportunities in the sector. He notably like Entain better:
1/ momentum is improving as demonstrated in latest earnings releases and
2/ trades on PE25x and 26x of 8.4x and 6.8x respectively.
For daily updates, subscribe to our newsletter and for detailed information, reach out to us at sales@alphavalue.eu
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