Flutter Entertainment PLC

FLTR: XLON (GBR)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GBX 31,697.00	Xjyfdd	Mzkcqmkc

Flutter: Best-of-Breed Technology and Product Offerings Drive an Enduring Brand Advantage

Dan Wasiolek

Sep 3, 2024

We have initiated coverage of Flutter Entertainment with a narrow moat rating, as its in-house product development and risk management expertise have driven a hard-to-replicate critical mass in gaming markets throughout the world. We see the shares, trading at a 15% discount to our $250/GBX 19,000 fair value estimate, as attractive.

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