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The Screen · Consumer Cyclical · Gambling
FLUTFlutter Entertainment Plc
FLUT · the NYSE · USD · Market cap $13.1B · 28,518 employees
Flutter Entertainment plc operates as a sports betting and gaming company in the United States, the United Kingdom, Ireland, Australia, Italy, and internationally.
FAIL · Does not pass the screen
80.09 USD
Price as of 23 Oct 2026Daily close, not a live quoteLast reviewed 6 days ago
Screened 2026-10-23 · the tape above runs as of 04:01 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
Key facts today
Price80.09 USD at the 23 Oct 2026 close
Ethical screenDoes not pass
OptionsOpen interest leans to puts (put/call 2.19)
Last reviewed23 Oct 2026 (6 days ago)
A summary of the dated readings below, not a live quote and not advice.
PRICE · FAIR-VALUE RANGE1M3M6MYTD1Y3Y5Y
What this means: price 80.09 against the desk's fair-value range, base estimate 96.06, over the last year.
Positioning no disclosures inside 60 days, left as found
Options put/call open interest 2.19, read 2026-10-28
Ethical does not pass the values gate
Price80.09 USD
Fair value96.06
Ethical score30.0/100
Our investment reviews on this name
2026-10-28Read Markup75.60+5.9% to today ✓Distribution gives way to Markup after a 26% slide in 9 weeks
2026-08-29Read Distribution102.61-21.9% to today ✓Markup gives way to Distribution after a 6% slide in 4 weeks
2026-07-30Read Markup109.06-26.6% to today Distribution gives way to Markup
2026-07-02Read Distribution110.65-27.6% to today ✓First review on file: Distribution
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Flutter Entertainment Plc holds its Markup at $80.09. Consolidating, no directional conviction, held for 9 days.
As held on the ledger · 2026-10-23
Phase
Markup
Quantitative state
Consolidating, no directional conviction, held for 9 days
Price at the screen
$80.09
Valuation
N/A trailing · 10.81 forward price to earnings
Values screen
FAIL· score 30.0
Beta
1.14
The Workings
Five Screens, Shown in Full
Does not pass. Excluded industry: Gambling
Test
Figure
Limit
What it means
Status
Business activity
Excluded
Core business clean
Excluded industry: Gambling
Fail
Debt load
Excluded
Below 33%
Interest-bearing debt is of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
Excluded
Below 33%
Interest-bearing cash and securities are of assets, above the one-third limit.
Fail
Receivables
Excluded
Below 49%
Money owed to the company is of assets, above the 49% limit.
Fail
Revenue purity
Excluded
Below 5%
of revenue comes from non-compliant sources, over the 5% line.
Fail
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
Why It Falls Short, in Plain English
Flutter Entertainment Plc does not clear the screen at the business-activity stage. It operates in gambling, so the financial ratios are not the deciding factor here.
Read as at 2026-10-28. It updates when the underlying figures move, and past reads are kept below.
Follow this verdict
Get an email when FLUT's ethical verdict changes
Today FLUT does not pass the screen. If new figures move it to a pass, we send you one short email with the before and after. Verdicts change rarely, so you may not hear from us for a long time.
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Fair value range in USD, drawn from the 2026-10-23 screen. The gold marker is the market price at the same screen. A 19.9% margin of safety to the base estimate.
Third-party analyst targets: 32 covering, consensus Buy. The average target sits +50% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-10-23 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Gambling giant looks cheap but ethics block us
Picture a Friday night punter chasing a big win on a phone app. The numbers flash green, the crowd roars, yet the operator still takes the cut every time. Flutter runs that global betting engine across the US, UK and beyond.
We pass for one clear reason that has nothing to do with valuation. The stock trades at 11.8 times forward earnings with 17 percent revenue growth, yet it fails our ethical screen outright because of the gambling industry. Negative profit margins and a minus 5 percent return on equity only reinforce the decision.
Currency swings, regulatory changes and the narrow moat add further uncertainty even if margins recover. The ethical line stays firm regardless of the analyst target at 151 dollars. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
FLUT trades on the NYSE. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-10-28Markup · changed$75.60+0.0%Entry 9
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 58%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (26 analysts) rates it buy, with a mean price target of $162. It reported earnings in this window, a natural checkpoint for the thesis.
2026-10-24Distribution$75.60+0.0%Entry 8
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 58%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (26 analysts) rates it buy, with a mean price target of $162.
2026-10-17Distribution$75.60-1.3%Entry 7
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 1.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 58%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (26 analysts) rates it buy, with a mean price target of $162.
2026-10-02Distribution$76.63-25.3%Entry 6
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 25.3% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 58%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (26 analysts) rates it buy, with a mean price target of $162.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 5.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 58%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (26 analysts) rates it buy, with a mean price target of $162.
2026-07-30Markup · changed$109.06-1.4%Entry 4
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 1.4% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 58%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (26 analysts) rates it buy, with a mean price target of $162.
2026-07-18Distribution$110.65+0.0%Entry 3
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 58%. Our forward projection puts the odds of a 10% gain over the next month near 16%. The street (26 analysts) rates it buy, with a mean price target of $162.
2026-07-03Distribution$110.65+0.0%Entry 2
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Distribution$110.65Entry 1
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.