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Can I open up the floor to discuss Flutter Entertainment, Stock:FLTR, who also own FanDual subsidiary.
With a 17% YoY revenue increase with their Q4 earnings report just about to be released, (December usually being the strongest month in the gambling industry)
We are pre World-Cup betting which is expected to bring in hundreds of millions of euros of revenue on top of their forecasted 2.9Bn group revenue in 2025 with a projected 30% increase in 2027.
Company valuation of 14.9Bn so a 5.1 trading multiple of their EBITA decent for this sector, gambling companies usually go for around 9-16x multiples and major market growth in LatAm and Brazil forecasted in 2027/28
Yet, their stock is down 60% in the last 6 months, 58% for 1 year and down 38% for 5 years, lows of €80, highs of €236.
So is this stock undervalued, is the company not performing how it is on paper, what's the verdict from the community.