FLUTFlutter Entertainment plc
Is it safe?
Solid, nothing alarming. Some accounting flags, quality moderate.
Some accounting flags, worth a closer look Beneish M-score, a forensic model that detects earnings-manipulation patterns (receivables outrunning sales, margins slipping, accrual-heavy profit).
Mixed fundamental signals Piotroski F-score, nine pass/fail tests of year-over-year financial health across profitability, balance sheet and efficiency. 7 to 9 is strong, 0 to 3 weak.
Insiders were net sellers (-$644K, 90 days to Oct 8, 2026), selling is often routine.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -76% · now 72% below its 52-week high.
Unless marked, from SEC EDGAR, as of Dec 31, 2025.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can FLUT take a bad year?
Flutter Entertainment plc carries $10.4B of net debt at 10.1× EBITDA: a heavy load to carry through a bad year.
Net debt · as at Q2 2026 · over four years of earnings before interest, tax and depreciation, heavy
- Net debt / EBITDA
- 10.1×
Net debt / EBITDA · 3.78× a year ago · the load is going up
- Interest cover
- none
Interest cover · no operating profit to pay the interest bill from
- Annualised volatility
- 44%
Annualised volatility · roughly twice as jumpy as the market
Details›
- Total debtQ2 2026
- $12.0B
- Cash and short-term investments
- $1.57B
- Net debt
- $10.4B
- EBITDA, trailing twelve months
- $1.03B
- Operating profit, trailing twelve months
- −$641M
- Debt / equity
- 1.37×
- Total debt / EBITDA
- 11.7×
- Annualised volatilitytwo years of daily moves
- 44%
- Worst drawdown on file
- −76%
- Below its 52-week high
- 72%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.