(FDJU) FDJ United - Ratings and Ratios
Lottery, Sports Betting, Online Gaming, Ticket Printing, Payment Services
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 6.34% |
| Yield on Cost 5y | 6.64% |
| Yield CAGR 5y | 22.85% |
| Payout Consistency | 100.0% |
| Payout Ratio | 117.8% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 21.0% |
| Value at Risk 5%th | 30.9% |
| Relative Tail Risk | -10.44% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.60 |
| Alpha | -36.42 |
| CAGR/Max DD | -0.31 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.464 |
| Beta | 0.092 |
| Beta Downside | 0.204 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.20% |
| Mean DD | 13.38% |
| Median DD | 11.08% |
Description: FDJU FDJ United January 14, 2026
FDJ United (ticker FDJU) is a French-based gambling operator that runs lottery, sports-betting and online gaming businesses across France and select international markets. The firm, originally founded in 1933 as La Française des Jeux, rebranded to FDJ United in March 2025.
The company’s activities are split into three segments: (1) Lottery – offering draw and instant games both in-store and via digital channels; (2) Sports Betting and Online Gaming – delivering retail sports-betting, plus online horse-race betting, poker and casino products under the Unibet and 32Red brands; and (3) Other Activities – encompassing local payment-collection services and the printing of physical lottery tickets.
Based on FY 2024 results disclosed in early 2025, FDJ United reported revenue of roughly €3.5 billion and net profit of €820 million, reflecting a 12 % year-over-year increase in online gaming revenue driven by a 15 % rise in active users. The firm retains an estimated 80 % share of the French lottery market, while its online betting segment now contributes about 30 % of total earnings.
Key economic drivers include France’s discretionary-spending trends, which are positively correlated with gambling turnover, and the regulatory environment that caps maximum betting stakes but also imposes a 16 % gambling tax that can compress margins. A sector-wide shift toward mobile-first platforms is accelerating user acquisition, but rising competition from pan-European operators (e.g., Bet365, Flutter) creates upside risk to market share.
For a deeper, data-rich look at FDJ United’s valuation and risk profile, the ValueRay platform provides a concise, up-to-date snapshot.
Piotroski VR‑10 (Strict, 0-10) 7.0
| Net Income (1.46b TTM) > 0 and > 6% of Revenue (6% = 351.4m TTM) |
| FCFTA 0.19 (>2.0%) and ΔFCFTA -7.80pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -18.62% (prev -8.32%; Δ -10.29pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.25 (>3.0%) and CFO 1.57b > Net Income 1.46b (YES >=105%, WARN >=100%) |
| Net Debt (1.85b) to EBITDA (1.22b) ratio: 1.51 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.61 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (184.9m) change vs 12m ago -3.05% (target <= -2.0% for YES) |
| Gross Margin 55.08% (prev 42.90%; Δ 12.18pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 128.3% (prev 172.9%; Δ -44.63pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 11.15 (EBITDA TTM 1.22b / Interest Expense TTM 74.3m) >= 6 (WARN >= 3) |
Altman Z'' 0.67
| (A) -0.18 = (Total Current Assets 1.71b - Total Current Liabilities 2.80b) / Total Assets 6.19b |
| (B) 0.13 = Retained Earnings (Balance) 814.8m / Total Assets 6.19b |
| (C) 0.18 = EBIT TTM 828.4m / Avg Total Assets 4.57b |
| (D) 0.17 = Book Value of Equity 900.1m / Total Liabilities 5.29b |
| Total Rating: 0.67 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 80.00
| 1. Piotroski 7.0pt |
| 2. FCF Yield 19.36% |
| 3. FCF Margin 20.09% |
| 4. Debt/Equity 2.61 |
| 5. Debt/Ebitda 1.51 |
| 6. ROIC - WACC (= 13.84)% |
| 7. RoE 140.0% |
| 8. Rev. Trend 53.01% |
| 9. EPS Trend -35.55% |
What is the price of FDJU shares?
Over the past week, the price has changed by +0.00%, over one month by -0.69%, over three months by -16.49% and over the past year by -28.93%.
Is FDJU a buy, sell or hold?
What are the forecasts/targets for the FDJU price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 31.1 | 36.3% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 23.6 | 3.6% |
FDJU Fundamental Data Overview January 14, 2026
P/E Trailing = 13.2069
P/E Forward = 7.9177
P/S = 1.212
P/B = 4.7616
Revenue TTM = 5.86b EUR
EBIT TTM = 828.4m EUR
EBITDA TTM = 1.22b EUR
Long Term Debt = 2.13b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 181.4m EUR (from shortTermDebt, last quarter)
Debt = 2.35b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.85b EUR (from netDebt column, last quarter)
Enterprise Value = 6.08b EUR (4.25b + Debt 2.35b - CCE 515.8m)
Interest Coverage Ratio = 11.15 (Ebit TTM 828.4m / Interest Expense TTM 74.3m)
EV/FCF = 5.17x (Enterprise Value 6.08b / FCF TTM 1.18b)
FCF Yield = 19.36% (FCF TTM 1.18b / Enterprise Value 6.08b)
FCF Margin = 20.09% (FCF TTM 1.18b / Revenue TTM 5.86b)
Net Margin = 24.92% (Net Income TTM 1.46b / Revenue TTM 5.86b)
Gross Margin = 55.08% ((Revenue TTM 5.86b - Cost of Revenue TTM 2.63b) / Revenue TTM)
Gross Margin QoQ = 32.29% (prev 100.0%)
Tobins Q-Ratio = 0.98 (Enterprise Value 6.08b / Total Assets 6.19b)
Interest Expense / Debt = 1.74% (Interest Expense 40.9m / Debt 2.35b)
Taxrate = 39.88% (90.1m / 225.9m)
NOPAT = 498.0m (EBIT 828.4m * (1 - 39.88%))
Current Ratio = 0.61 (Total Current Assets 1.71b / Total Current Liabilities 2.80b)
Debt / Equity = 2.61 (Debt 2.35b / totalStockholderEquity, last quarter 900.2m)
Debt / EBITDA = 1.51 (Net Debt 1.85b / EBITDA 1.22b)
Debt / FCF = 1.57 (Net Debt 1.85b / FCF TTM 1.18b)
Total Stockholder Equity = 1.04b (last 4 quarters mean from totalStockholderEquity)
RoA = 31.96% (Net Income 1.46b / Total Assets 6.19b)
RoE = 140.0% (Net Income TTM 1.46b / Total Stockholder Equity 1.04b)
RoCE = 26.08% (EBIT 828.4m / Capital Employed (Equity 1.04b + L.T.Debt 2.13b))
RoIC = 18.24% (NOPAT 498.0m / Invested Capital 2.73b)
WACC = 4.40% (E(4.25b)/V(6.59b) * Re(6.25%) + D(2.35b)/V(6.59b) * Rd(1.74%) * (1-Tc(0.40)))
Discount Rate = 6.25% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -1.50%
[DCF Debug] Terminal Value 85.52% ; FCFF base≈1.02b ; Y1≈944.1m ; Y5≈854.8m
Fair Price DCF = 129.3 (EV 25.74b - Net Debt 1.85b = Equity 23.90b / Shares 184.8m; r=5.90% [WACC]; 5y FCF grow -9.48% → 2.90% )
EPS Correlation: -35.55 | EPS CAGR: -37.19% | SUE: 0.0 | # QB: 0
Revenue Correlation: 53.01 | Revenue CAGR: 24.89% | SUE: N/A | # QB: 0
EPS next Year (2026-12-31): EPS=2.59 | Chg30d=-0.036 | Revisions Net=-2 | Growth EPS=+10.4% | Growth Revenue=+2.5%