FLTR

Flutter Entertainment PLC

Travel and Leisure First-pass screen £13.8bn

330/1000 Overall fit

AI beneficiary 35% 20

Operating leverage 25% 38

Valuation 25% 48

Downside protection 15% 32

First-pass take

Pure-play online betting operator with zero AI exposure or strategic focus. EBITDA margins compressed to 24% from 27% as operating cost growth (10%) outpaced revenue growth (7%), with £24m US market-entry losses dragging overall profitability. Faces £118m estimated annual regulatory/tax headwinds (26% of core EBITDA across UK, Australia, Ireland).

Flags

cyclicalregulatory-burdennet-debtm-and-ano-valuation-data