Accel Entertainment Inc (ACEL) is undervalued and Flutter Entertainment Plc (FLUT) is overvalued.
Against our estimates of intrinsic value, ACEL trades at the wider discount: a margin of safety of +44%, against -488% for FLUT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.1% (average of 3 methods) values the shares at $20.13; the price of $11.19 is 44% below that value, and 80% of that value comes from beyond year five.
Leak Score 85/100 on 10 of 12 signals
Discounting its cash flows at 8.1% values the shares at $15.06; the price of $88.62 is 488% above that value, and 80% of that value comes from beyond year five.
Leak Score 0/100 on 2 of 12 signals
| Metric | ACEL | FLUT |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $11.19 | $88.62 |
| Intrinsic value | $20.13 | $15.06 |
| Margin of safety | +44% | -488% |
| Leak Score | 85/100 (10/12) | 0/100 (2/12) |
| Market cap | $909M | $15.4B |
| Revenue growth, 5 years | 33.3% | 23.7% |
| Operating margin | 8.2% | 2.8% |
| Net margin | 4.1% | -4.4% |
| Return on equity | 20.8% | -8.0% |
| Debt to equity | 2.07 | 1.44 |
| P/E | 16.6x | — |
| Forward P/E | 13.4x | 12.3x |
| P/B | 3.2x | 1.8x |