What is Flutter Entertainment plc worth?
With the base-case assumptions below, a discounted cash flow model on Flutter Entertainment plc's reported free cash flow gives $142.57 per share. The share price was $83.23 on September 25, 2026, 42% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $63.53 | -24% |
| Base | 15.0% | 9.0% | $142.57 | +71% |
| Bull | 20.0% | 8.0% | $289.73 | +248% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $202.40 | $221.06 | $243.87 | $272.37 | $309.02 |
| 8.0% | $157.45 | $169.55 | $183.85 | $201.01 | $221.98 |
| 9.0% | $124.75 | $133.02 | $142.57 | $153.70 | $166.86 |
| 10.0% | $99.95 | $105.83 | $112.50 | $120.12 | $128.91 |
| 11.0% | $80.55 | $84.86 | $89.68 | $95.10 | $101.25 |
Where the presets come from
Base: years 1 to 5 grow at Flutter Entertainment plc's revenue growth rate over the last 7 fiscal years (34.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions