FDJ United FDJU.PA
FranceConsumer Cyclical · GamblingEuronext París · EUR
25.93 EUR (+23.9%)
11 analysts
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FDJ United is the leading gambling and lottery operator in France, with a business model based on a monopoly position in lotteries and a network of points of sale, complemented by sports betting and online games.
Listed on Euronext París · Symbol FDJU.PA · EPA: FDJU · Currency EUR
Key points
from its scores- ✕Weak growth2.9
- ✕Poor share-price trend4.1
- !Modest dividend5.0
AI analysis
bottom line, main risk, context and newsHold, pending a reversal of the revenue decline and an adjustment of the dividend policy to a sustainable level.
FDJ United shows acceptable financial health (Net Debt/EBITDA of 1.72) and an attractive valuation in terms of forward P/E (7.95) and EV/EBITDA (5.44), but its revenue growth is negative (-4.50%) and the dividend payout is unsustainable (1615.38%), which weighs on its growth profile and dividend sustainability.
The main risk is the dependence on a strict regulatory and fiscal framework in France, which could change the conditions of its gambling business, along with the unsustainability of the current dividend payout.
Context and risks
FDJ United operates in a regulated gambling sector in France, where the legal and fiscal framework is strict and subject to change. Although its monopoly position in lotteries provides a barrier to entry, dependence on regulation and license renewals is a structural risk not captured by financial metrics.
Is FDJ United stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 375% above the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 160.9 | 17.8 | +802% |
| EV / EBITDA | 5.4 | 11.2 | −52% |
| Price / book | 6.7 | 2.9 | +133% |
| Price / sales | 1.1 | 1.3 | −14% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 6.7 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 25.93 EUR, +23.9% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 5.3 (sector 5.7), Growth 2.9 (sector 5.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 160.9
- Forward P/E
- 7.9
- EV / EBITDA
- 5.4
- Price / book
- 6.7
- Price / sales
- 1.1
- Market cap
- 3.9B EUR
- Enterprise value
- 5.7B EUR
Profitability
- ROE
- 3.2%
- ROA
- 5.7%
- ROIC (approx.)
- 16.5%
- Gross margin
- 41.9%
- Operating margin
- 12.8%
- Net margin
- 0.7%
- Free cash flow
- 379.7M EUR
- FCF yield
- 9.8%
- Cash conversion
- 36%
Solvency
- Total debt
- 2.2B EUR
- Net debt
- 1.8B EUR
- Cash
- 418.7M EUR
- EBITDA
- 1.0B EUR
- Net debt / EBITDA
- 1.72
- Debt / equity
- 382.64
- Current ratio
- 0.55
- Quick ratio
- 0.46
Growth
- Revenue growth
- −4.5%
- EPS (TTM)
- 0.13 EUR
- EPS (forward)
- 2.63 EUR
Dividend
- Dividend yield
- 10.0%
- Payout
- 1,615.4%
Risk and market
- Beta
- 0.66
- Analyst consensus
- Hold (11)
- Target price
- 25.93 EUR
- 52-week range
- 20.33 – 28.42
Recent news
All FDJU.PA news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about FDJ United
Is FDJ United stock cheap or expensive?
On P/E and EV / EBITDA, it trades 375% above the Consumer Cyclical median on average. Valuation score: 6.7 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 25.93 EUR, +23.9% versus the price. This is not investment advice.
What score does FDJ United get on MeridIAn Screener?
It scores 5.3 out of 10, rank 1,530 of 2,130 (better than 26% of the companies analysed). Its strongest category is Valuation (6.7) and its weakest, Growth (2.9). Analysis of 08/10/2026.
What is FDJ United's P/E ratio?
Its P/E is 160.9: the share price equals 160.9 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 7.9.
How much is FDJ United worth on the stock market?
Its market capitalisation is 3.9B EUR and its enterprise value, debt included, is 5.7B EUR.
How much debt does FDJ United have?
Its net debt (debt minus cash) is 1.8B EUR. That is 1.72 times its EBITDA; the Consumer Cyclical median is 1.91.
Does FDJ United pay a dividend?
Yes: its dividend yield is 10.04% and it pays out 1,615% of its earnings.
How has FDJ United stock performed over the last year?
It has fallen 17.8% over the last year, excluding dividends. Over the last 52 weeks it has traded between 20.33 and 28.42 EUR. Past performance does not guarantee future results.
What do analysts think of FDJ United?
11 analysts cover it; their average recommendation is “Hold” and their average target is 25.93 EUR (+23.9% versus the price). It is an estimate, not market data.