Brightstar Lottery PLC (BRSL) is undervalued and Flutter Entertainment Plc (FLUT) is overvalued.
Against our estimates of intrinsic value, BRSL trades at the wider discount: a margin of safety of +33%, against -488% for FLUT.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.7% (average of 3 methods) values the shares at $15.50; the price of $10.42 is 33% below that value, and 84% of that value comes from beyond year five.
Leak Score 56/100 on 2 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 | BRSL | FLUT |
|---|---|---|
| Verdict | Undervalued | Overvalued |
| Price | $10.42 | $88.62 |
| Intrinsic value | $15.50 | $15.06 |
| Margin of safety | +33% | -488% |
| Leak Score | 56/100 (2/12) | 0/100 (2/12) |
| Market cap | $1.9B | $15.4B |
| Revenue growth, 5 years | -4.3% | 23.7% |
| Operating margin | 24.6% | 2.8% |
| Net margin | 6.9% | -4.4% |
| Return on equity | 15.7% | -8.0% |
| Debt to equity | 5.23 | 1.44 |
| P/E | 11.6x | — |
| Forward P/E | 13.7x | 12.3x |
| P/B | 2.3x | 1.8x |
| Dividend yield | 8.8% | — |