Is FLUT a good stock to buy? We came across a bullish thesis on Flutter Entertainment plc on r/ValueInvesting by yannick26. In this article, we will summarize the bulls’ thesis on FLUT. Flutter Entertainment plc’s share was trading at $109.63 as of April 20th. FLUT’s trailing and forward P/E were 114.37 and 14.10 respectively according to Yahoo Finance.
Flutter Entertainment (FLUT) stands out as a leading global digital gaming and sports betting operator, owning top-tier brands including U.S. market leader Fanduel, Sky Betting in the U.K., Snai in Italy, and Paddy Power in Ireland. The company’s strategic acquisitions have positioned it to capture a growing share of the global iGaming and sports betting markets, particularly as U.S. regulatory clarity improves and emerging markets like Brazil show rapid adoption.
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Fanduel alone processes nearly 40% of all digital bets in the U.S. legal markets, while Flutter’s subsidiaries account for 15% of global digital bets, reflecting the company’s dominant market footprint. Flutter’s technology and user experience, including a lean tech stack, personalized promotions, and ecosystem lock-in, have enabled it to outperform competitors, with established global brands failing to resonate domestically.
At under 15x 2026 forward earnings, a PEG ratio below 0.6, and projected ~30% conservative annualized revenue growth, Flutter trades cheaper than historical S&P 500 averages, offering an attractive long-term entry point. Near-term catalysts include potential stock rerating contingent on earnings beats and normalization of sports betting outcomes in late 2026. Risk factors include high trailing P/E of 121x, intensified competition from DraftKings and BetMGM, structural hold fluctuations, and state/federal taxes.
Even under conservative bear-case scenarios, Flutter’s long-term free cash flow generation, global brand scale, and growth in emerging markets create a compelling accumulation opportunity. With fair value estimates ranging from $118 (bear case) to $230 (neutral case), the company’s combination of market leadership, growth runway, and valuation upside suggests that Flutter is a strong long-term investment for those willing to navigate near-term volatility.
Previously, we covered a bullish thesis on DraftKings Inc. (DKNG) by LongTermValue Research in April 2025, which highlighted the company’s dominant U.S. sports betting footprint, best-in-class user interface, rapid state-by-state legalization, and projected 46% EPS growth in 2026. DKNG’s stock price has depreciated by approximately 31.03% since our coverage due to competitive pressures from the rise of predictive markets (Polymarket, Kalshi). Yannick26 shares a similar view but emphasizes Flutter Entertainment’s global scale, multi-brand strategy, and exposure to emerging markets like Brazil as key drivers for long-term growth.
Flutter Entertainment plc is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 79 hedge fund portfolios held FLUT at the end of the fourth quarter which was 95 in the previous quarter. While we acknowledge the risk and potential of FLUT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than FLUT and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
