Market Pulse44Neutral

Flutter Entertainment plcOpportunity Rank #149(FLUT) Intrinsic Value & DCF Analysis (2026)

Current Price

$97.44

Last updated: Jun 23, 2026

Price vs Intrinsic Value

$97.44
Price
$185.34
Intrinsic Value
Undervalued by 90%MOS: $148.27

Fundamental Score

45/100
Bearish

Weighted across 6 signals

Narrative Score

52/100
Weak

No change vs previous

Trend Score

18/100
Weak

As of 2026-06-22

The intrinsic value of Flutter Entertainment plc (FLUT) is estimated at $185.34 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $97.44, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.83% long-term growth rate and a 9.00% discount rate (calculated: 7.70%), reflecting expected future free cash flow and cost of capital.

The intrinsic value of Flutter Entertainment plc (FLUT) is estimated at $185.34 per share based on a 10-year discounted cash flow (DCF) analysis. At the current price of $97.44, the stock appears undervalued relative to its projected cash flow fundamentals. This estimate assumes a 7.83% long-term growth rate and a 9.00% discount rate (calculated: 7.70%), reflecting expected future free cash flow and cost of capital.

Valuation Details

$185.34
▲ 90.21% upside
20% margin of safety: $148.27
Years: 10Growth Rate: 7.83%
Want to create your own valuation? Create a free account.

Capital Efficiency

Average Quarterly ROIC
-0.11%
Cost of Capital (estimated)10%
Value StatusUnderperforming Capital

The company is earning below its required return. This may indicate inefficient use of capital or excess cash that isn't being reinvested.

Complete historical ROIC is available with
.

Fundamental Details

45/100
BearishWeighted across 6 signals
DCF Discount
90.2% discount to price
100
FCF Yield
11.4% trailing FCF yield
100
ROIC vs WACC
ROIC -0.1% vs WACC 10.0% (0.0x)
0
Net Debt / FCF
4.5x net debt to FCF
0
Buybacks
Share count flat
50
FCF CAGR (5Y)
3.2% 5Y FCF CAGR
25
Strengths: DCF Discount, FCF Yield. Concerns: ROIC vs WACC, Net Debt / FCF.

Narrative Details

52/100
Weak
Vs 6-Month Baseline:Average (58th pct)Weighted across 6 recent drivers
Trend: Deteriorating downConfidence: 87%Updated: 4m ago
Sources: 69 (51 News · 18 Analyst)
Drivers(last 30 days)
6 regulatory scrutiny+0.1
43 news sentiment+0.1
Downgrade headlines-0.0
Earnings beat+0.0
Analyst downgrades-0.0
17 analyst reiterations0.0

Trend Details

18/100
WeakAs of 2026-06-22308 daily bars used
Distance from 52-Week High-68.4%
6M Relative Strength vs SPY-66.1%
3M Relative Strength vs SPY-21.8%
Price vs 21 EMA18 · -5.8%
Price vs 50 EMA16 · -8.0%
21 EMA vs 50 EMA32 · -2.3%
3M RS vs SPY3 · -21.8%
6M RS vs SPY0 · -66.1%
Distance from 52W High0 · -68.4%

Investment Coach

Updating... 12d ago
WATCHConfidence: 48%
Thesis
Flutter Entertainment plc is significantly undervalued with an estimated fair value 132% above its current price and a healthy free cash flow yield of 9.8%. However, returns are currently trailing the estimated cost of capital, indicating operational challenges despite improving narrative trends.
Key Risk
The company's return on invested capital remains well below its weighted average cost of capital, posing a risk to sustained value creation.
Signals To Watch
  • Monitor whether valuation discount remains above 10%.
  • Track ROIC vs WACC spread for sustained improvement.
  • Follow narrative trend for meaningful shifts in the score direction.
Ask the Coach - Available with
Historical Growth Rates
Free Cash Flow- - -Trend CAGR: 7.83%5 Year CAGR: 16.16%

Free Cash Flow (in millions)

TTM2025202420232022202120202019
$1,928$1,289$2,263$1,539$1,592$912$1,650$721

How Intrinziq Estimates Fair Value

Intrinziq estimates Flutter Entertainment plc's intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

Flutter Entertainment plcConsumer Cyclical

Flutter Entertainment plc, a global leader in sports betting and gaming, is headquartered in Dublin, Ireland, having been incorporated in 1958. The company operates extensively across the United Kingdom, Ireland, Australia, the United States, and numerous other international regions. Its operations are strategically segmented into four principal divisions: UK & Ireland, Australia, International, and US. The group's comprehensive product offerings span a wide array of betting and gaming services. These include diverse sports wagering options such as traditional sportsbooks, exchange sports betting, daily fantasy sports, and pari-mutuel products. Beyond sports, Flutter Entertainment provides fixed-odds games, online casino experiences, lottery services, and various peer-to-peer games like online bingo, rummy, and poker. Furthermore, the company delivers business-to-business services, manages HRTV (a dedicated horseracing television network), and organizes live poker tours and events. Its services are accessible through a powerful portfolio of well-recognized online platforms, including paddypower.com, betfair.com, sportsbet.com.au, tvg.com, us.betfair.com, fanduel.com, adjarabet.com, pokerstars.com, Skybet.com, tombola.com, and sisal.com. These digital properties leverage prominent brands such as FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, Sisal, tombola, Betfair, FOX Bet, TVG, Stardust, Junglee Games, and Adjarabet. The company adopted its current name, Flutter Entertainment plc, in 2019, having previously been known as Paddy Power Betfair plc.