Entain

ENT.L

Gambling, Resorts & Casinos · Consumer Cyclical

Price

537.60 GBp

+0.80 (+0.15%)

Market Cap

£3.44B

Exchange

London Stock Exchange

Winston Score

Winston is worried

Below-average fundamentals — multiple weak pillars.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Weak

Cash Flow

Mixed

Stability

Weak

Valuation

Data not available

Dividends

Strong

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Share count rising — dilution

+8.2% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 591.1M (2021) → 639.5M (2025)

Winston Score History

The full picture

Entain is one of the world's largest sports betting and online gambling companies. It owns well-known brands like Ladbrokes, Coral, bwin, and BetMGM (a joint venture in the United States), serving millions of customers who bet on sports or play casino games online and in physical shops. The company operates across the gambling industry, which is heavily regulated in every country where it does business.

Entain makes money by taking a cut of the bets placed and the money wagered on its online casino games, earning revenue through both its retail betting shops and its digital platforms. It operates mainly in the UK, Europe, and Australia, with a growing presence in the US through BetMGM. The company's scale and its portfolio of established brand names give it some competitive advantage, but its biggest challenge is navigating tightening gambling regulations across multiple countries, which could limit how it markets its products and force stricter limits on customers.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-3.1% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+89.4% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

£0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

0.5%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£515M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Entain's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

48.2%

Healthy — 48.2% gross margin

Profit after running costs

Operating Margin

10.5%

Modest — 10.5% operating margin

Return on the money invested

ROCE

12.1%

Good — 12.1% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth

Sales YoY

+0.3%

Nearly flat sales (+0.3% YoY)

Profit growth

EPS YoY

N/A

Data not available

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

N/A

—

Data not available

Spare cash per sale

FCF Margin

12.5%

Converts sales into free cash efficiently (12.5%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

What it owes vs what it owns

Debt / Equity

4.67

Heavy debt load (4.67)

Covers its interest

Interest Cover

2.15x

Tight — interest eats into profit (2.2x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit

P/E Ratio (TTM)

N/M

—

Negative earnings — P/E not meaningful

Cheaper or dearer next year

P/E vs Forward

N/A

not available

Data not available

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Dividends

Dividend

Dividend Yield

3.57%

Moderate income — 3.57% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record

Dividend Growth

+29.8%

Dividend growing fast (29.8% YoY)

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