Flutter Entertainment plc
Flutter Entertainment plc operates as a sports betting and gaming company in the United Kingdom, Ireland, Australia, the United States, Italy, and internationally. The company operates through four segments: UK & Ireland, Australia, International, and US. It offers sports betting, iGaming, daily fantasy sports, online racing wagering, and TV broadcasting products; sportsbooks and exchange sports … Read more
Flutter Entertainment plc (FLUT) - Net Assets
Latest net assets as of September 2024: $12.01 Billion USD
Based on the latest financial reports, Flutter Entertainment plc (FLUT) has net assets worth $12.01 Billion USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.48 Billion) and total liabilities ($13.47 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 | $12.01 Billion |
| % of Total Assets | 47.14% |
| Annual Growth Rate | 19.63% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 77.82 |
Flutter Entertainment plc - Net Assets Trend (2019–2023)
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 (2019–2023)
The table below shows the annual net assets of Flutter Entertainment plc from 2019 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $11.37 Billion | -9.07% |
| 2022-12-31 | $12.50 Billion | -10.11% |
| 2021-12-31 | $13.91 Billion | -7.47% |
| 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 115.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $10.11 Billion | 100.62% |
| Common Stock | $36.00 Million | 0.36% |
| Other Comprehensive Income | $-1.48 Billion | -14.77% |
| Other Components | $1.39 Billion | 13.79% |
| Total Equity | $10.04 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 |
|---|---|
|
Vulcan Materials Company
NYSE:VMC
|
$34.56 Billion |
|
Roper Technologies, Inc.
NASDAQ:ROP
|
$34.60 Billion |
|
Holcim AG
SW:HOLN
|
$34.75 Billion |
|
Martin Marietta Materials Inc
NYSE:MLM
|
$34.84 Billion |
|
Adyen N.V
PINK:ADYYF
|
$34.24 Billion |
|
Microchip Technology Inc
NASDAQ:MCHP
|
$34.21 Billion |
|
DSV Panalpina A/S
PINK:DSDVF
|
$34.15 Billion |
|
Diamondback Energy Inc
NASDAQ:FANG
|
$34.14 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 2022 to 2023, total equity changed from 12,346,280,840 to 10,044,000,000, a change of -2,302,280,840 (-18.6%).
- Net loss of 1,222,000,000 reduced equity.
- Share repurchases of 212,000,000 reduced equity.
- New share issuances of 13,000,000 increased equity.
- Other comprehensive income decreased equity by 1,907,378,460.
- Other factors increased equity by 1,026,097,620.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.22 Billion | -12.17% |
| Share Repurchases | $212.00 Million | -2.11% |
| Share Issuances | $13.00 Million | +0.13% |
| Other Comprehensive Income | $-1.91 Billion | -18.99% |
| Other Changes | $1.03 Billion | +10.22% |
| Total Change | $- | -18.65% |
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: 3.64x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 1.83x to 3.64x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | $112.83 | $206.32 | x |
| 2021-12-31 | $78.73 | $206.32 | x |
| 2022-12-31 | $69.75 | $206.32 | x |
| 2023-12-31 | $56.75 | $206.32 | 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): -12.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.36%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.45x
- Recent ROE (-12.17%) is below the historical average (-5.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.35% | 0.86% | 0.26x | 1.55x | $-1.45 Billion |
| 2021 | -6.66% | -11.11% | 0.37x | 1.64x | $-2.31 Billion |
| 2022 | -3.50% | -4.57% | 0.38x | 2.01x | $-1.67 Billion |
| 2023 | -12.17% | -10.36% | 0.48x | 2.45x | $-2.23 Billion |
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: $801,162,083
- Average return on equity (ROE) among peers: 8.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flutter Entertainment plc (FLUT) | $12.01 Billion | 0.35% | 1.12x | $34.35 Billion |
| Apple iSports Group Inc (AAPI) | $-5.31 Million | 0.00% | 0.00x | $44.40 Million |
| Accel Entertainment Inc (ACEL) | $-43.01 Million | 0.00% | 0.00x | $465.17 Million |
| PlayAGS Inc (AGS) | $135.80 Million | -15.35% | 4.39x | $436.80 Million |
| AGTech Holdings Limited (AGTEF) | $2.30 Billion | 14.45% | 0.75x | $48.64 Million |
| Ainsworth Game Technology Limited (AINSF) | $320.24 Million | 1.65% | 0.33x | $27.14 Million |
| Aristocrat Leisure Limited (ARLUF) | $1.73 Billion | 31.32% | 2.37x | $20.17 Billion |
| Bragg Gaming Group Inc (BRAG) | $70.25 Million | -5.46% | 0.47x | $32.17 Million |
| Brightstar Lottery PLC (BRSL) | $1.98 Billion | 13.90% | 4.27x | $116.29K |
| Betsson AB (BTSBF) | $759.20 Million | 23.35% | 0.58x | $1.61 Billion |
| Betsson AB (publ) (BTSNY) | $759.20 Million | 23.35% | 0.58x | $1.39 Billion |