Flutter Entertainment plc (FLUT) - Net Assets
Based on the latest financial reports, Flutter Entertainment plc (FLUT) has net assets worth $9.92 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.34 Billion) and total liabilities ($19.42 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.92 Billion |
| % of Total Assets | 33.81% |
| Annual Growth Rate | 15.21% |
| 5-Year Change | -25.04% |
| 10-Year Change | N/A |
| Growth Volatility | 71.16 |
Flutter Entertainment plc - Net Assets Trend (2019–2024)
This chart illustrates how Flutter Entertainment plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Flutter Entertainment plc (2019–2024)
The table below shows the annual net assets of Flutter Entertainment plc from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $11.27 Billion | -0.89% |
| 2023-12-31 | $11.37 Billion | -8.58% |
| 2022-12-31 | $12.43 Billion | -10.77% |
| 2021-12-31 | $13.94 Billion | -7.29% |
| 2020-12-31 | $15.03 Billion | +170.82% |
| 2019-12-31 | $5.55 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flutter Entertainment plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 104.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $9.57 Billion | 103.01% |
| Common Stock | $36.00 Million | 0.39% |
| Other Comprehensive Income | $-1.93 Billion | -20.74% |
| Other Components | $1.61 Billion | 17.34% |
| Total Equity | $9.29 Billion | 100.00% |
Flutter Entertainment plc Competitors by Market Cap
The table below lists competitors of Flutter Entertainment plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xian LONGi Silicon Materials Corp
SHG:601012
|
$19.34 Billion |
|
ROYALTY PHARMA OA DL-0001
F:RPD
|
$19.36 Billion |
|
IHH Healthcare Bhd
KLSE:5225
|
$19.37 Billion |
|
Dupont De Nemours Inc
NYSE:DD
|
$19.38 Billion |
|
Vantage Towers AG
HM:VTWR
|
$19.29 Billion |
|
Dawning Information Industry Co Ltd
SHG:603019
|
$19.25 Billion |
|
Korea Electric Power Corporation
F:KOP
|
$19.21 Billion |
|
Packaging Corp of America
NYSE:PKG
|
$19.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flutter Entertainment plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,044,000,000 to 9,293,000,000, a change of -751,000,000 (-7.5%).
- Net income of 109,000,000 contributed positively to equity growth.
- Share repurchases of 219,000,000 reduced equity.
- New share issuances of 30,000,000 increased equity.
- Other comprehensive income decreased equity by 444,000,000.
- Other factors decreased equity by 227,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $109.00 Million | +1.17% |
| Share Repurchases | $219.00 Million | -2.36% |
| Share Issuances | $30.00 Million | +0.32% |
| Other Comprehensive Income | $-444.00 Million | -4.78% |
| Other Changes | $-227.00 Million | -2.44% |
| Total Change | $- | -7.48% |
Book Value vs Market Value Analysis
This analysis compares Flutter Entertainment plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.13x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 1.68x to 2.13x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $65.72 | $110.08 | x |
| 2020-12-31 | $112.83 | $110.08 | x |
| 2021-12-31 | $78.89 | $110.08 | x |
| 2022-12-31 | $69.38 | $110.08 | x |
| 2023-12-31 | $56.75 | $110.08 | x |
| 2024-12-31 | $51.63 | $110.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flutter Entertainment plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.78%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.64x
- Recent ROE (1.17%) is above the historical average (-2.89%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 3.48% | 6.73% | 0.38x | 1.36x | $-344.17 Million |
| 2020 | 0.35% | 0.86% | 0.26x | 1.55x | $-1.45 Billion |
| 2021 | -6.65% | -11.11% | 0.37x | 1.64x | $-2.31 Billion |
| 2022 | -3.52% | -4.57% | 0.38x | 2.01x | $-1.66 Billion |
| 2023 | -12.17% | -10.36% | 0.48x | 2.45x | $-2.23 Billion |
| 2024 | 1.17% | 0.78% | 0.57x | 2.64x | $-820.30 Million |
Industry Comparison
This section compares Flutter Entertainment plc's net assets metrics with peer companies in the Gambling industry.
Industry Context
- Industry: Gambling
- Average net assets among peers: $351,780,584
- Average return on equity (ROE) among peers: -5.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flutter Entertainment plc (FLUT) | $9.92 Billion | 3.48% | 1.96x | $19.29 Billion |
| Accel Entertainment Inc (ACEL) | $434.60 Million | -0.09% | 0.04x | $941.91 Million |
| PlayAGS Inc (AGS) | $67.67 Million | 0.63% | 9.05x | $518.40 Million |
| Bragg Gaming Group Inc (BRAG) | $-329.15K | 0.00% | 0.00x | $45.78 Million |
| Brightstar Lottery PLC (BRSL) | $1.95 Billion | 7.99% | 4.36x | $2.66 Billion |
| Codere Online US Corp (CDRO) | $68.15 Million | -99.79% | 0.54x | $247.83 Million |
| Churchill Downs Incorporated (CHDN) | $506.21 Million | 3.23% | 1.01x | $5.86 Billion |
| DraftKings Inc (DKNG) | $-185.23 Million | 0.00% | 0.00x | $11.03 Billion |
| Everi Holdings Inc (EVRI) | $198.76 Million | 12.92% | 1.79x | $1.24 Billion |
| Gambling.com Group Ltd (GAMB) | $123.19 Million | 24.90% | 0.45x | $129.06 Million |
About Flutter Entertainment plc
Flutter Entertainment plc operates as a sports betting and gaming company in the United States, the United Kingdom, Ireland, Australia, Italy, and internationally. It provides sportsbooks; iGaming products, such as blackjack, roulette, slot machines, poker, and rummy, as well as lottery products; and sports betting products, which include Betfair betting exchanges, daily fantasy sports, and horse… Read more