Flutter Entertainment PLC
FLTR: XLON (GBR)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
GBX 44,355.00 | Tmbqyrn | Zfvknhdm |
Flutter: Best-of-Breed Technology and Product Offerings Drive an Enduring Brand Advantage
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.