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FDJ United (FDJU.PA)

EUR23.20 +0.07 (+0.30%)
FR PAR Consumer Cyclical Gambling, Resorts & Casinos
Address 3-7 Quai du Point du Jour 92100
Boulogne-Billancourt, FR
CEO Stephane Pallez
IPO 2019-11-21
ISIN FR0013451333

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Also trades on Euronext Paris · FDJ.PA (EUR) Euronext Paris · FDJU.PA (EUR) Other OTC · LFDJF (USD)
Description

FDJ United is a company primarily focused on the management and distribution of various gaming and gambling services, operating both within France and internationally. Its business activities are organized into three main segments: Lottery, Sports Betting and Online Gaming (which includes competitive market offerings), and a division for other miscellaneous operations. The company's diverse offerings include a variety of lottery products, such as traditional draw games and instant-win scratch cards, accessible through both physical points of sale and digital channels. It also provides sports wagering services at retail locations, complemented by extensive online platforms for sports betting, horse racing, poker, and casino games, prominently featuring its Unibet and 32Red brands. Beyond gaming, FDJ United manages local collection and payment solutions, and handles the printing of its lottery tickets. Founded in 1933, the company, whose headquarters are located in Boulogne-Billancourt, France, was formerly known as La Française des Jeux Société anonyme before officially rebranding to FDJ United in March 2025.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR23.20 +0.07 (+0.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
690.2K
Beta
0.60
Float Shares
102.08M
Free Float %
55.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.91% +2.69% +1.92% -9.82% +1.57% -1.27% -26.76% -36.97% -52.70% +2.73% +2.73%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
23.20
DCF (Unlevered) 127.27 +448.6%
DCF (Levered) 142.04 +512.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 27% Bullish
Rating 2026-06 Change
Strong Buy 1 0
Buy 2 0
Hold 6 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
2.35
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Gambling, Resorts & Casinos: +5.3%
    +20.0% Q4'25: +35.9% (vs Q4'23)
  • EPS growth Gambling, Resorts & Casinos: +9.4%
    -56.0% Q4'25: -82.8% (vs Q4'23)
  • FCF margin FCF growth · Gambling, Resorts & Casinos: +17.3%
    +14.7% Q4'25: -3.0% (vs Q4'23)
  • EBIT margin Gambling, Resorts & Casinos: +17.5%
    +15.4% Q4'25: +16.3% (vs Q4'23)
  • ROIC Gambling, Resorts & Casinos: +8.0%
    +13.3% Q4'25: +27.9% (vs Q4'23)
  • Share dilution Gambling, Resorts & Casinos: +0.3%
    +0.2% Q4'25: -2.1% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Gambling, Resorts & Casinos: 0.94×
    2.62× Q4'25: 1.28× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.60) × ERP
WACC = 65% × Ke + 35% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 126.23 Current price: 23.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
9 Rev. Ana.
8 EPS Ana.
Dec 2027
9 Rev. Ana.
9 EPS Ana.
Dec 2028
9 Rev. Ana.
7 EPS Ana.
Dec 2029
4 Rev. Ana.
2 EPS Ana.
Dec 2030
4 Rev. Ana.
5 EPS Ana.
Revenue
2.62B
est: 2.61B (+0.4%)
3.07B
est: 3.07B (+0.0%)
3.68B
est: 3.72B (-1.2%)
3.66B
3.62B – 3.76B
-1.8% YoY
3.79B
3.70B – 3.96B
+3.6% YoY
3.94B
3.94B – 3.94B
+3.9% YoY
4.19B
4.12B – 4.34B
+6.3% YoY
4.48B
4.40B – 4.64B
+6.9% YoY
EBITDA
703.70M
est: 638.86M (+10.1%)
802.50M
est: 771.20M (+4.1%)
902.00M
est: 936.83M (-3.7%)
920.22M
910.45M – 946.97M
-1.8% YoY
953.68M
931.58M – 996.33M
+3.6% YoY
991.16M
990.25M – 992.07M
+3.9% YoY
1.05B
1.04B – 1.09B
+6.3% YoY
1.13B
1.11B – 1.17B
+6.9% YoY
EBIT
578.70M
est: 490.25M (+18.0%)
574.50M
est: 573.16M (+0.2%)
565.50M
est: 696.25M (-18.8%)
683.91M
676.64M – 703.79M
-1.8% YoY
708.77M
692.35M – 740.47M
+3.6% YoY
736.63M
735.95M – 737.31M
+3.9% YoY
783.06M
769.74M – 812.06M
+6.3% YoY
837.11M
822.87M – 868.11M
+6.9% YoY
Net Income
425.10M
est: 369.79M (+15.0%)
398.80M
est: 454.74M (-12.3%)
175.90M
est: 420.34M (-58.2%)
421.74M
351.09M – 492.40M
+0.3% YoY
491.69M
435.47M – 547.90M
+16.6% YoY
412.19M
342.29M – 757.25M
-16.2% YoY
595.43M
582.27M – 624.10M
+44.5% YoY
664.72M
650.02M – 696.72M
+11.6% YoY
SGA
685.50M
est: 614.29M (+11.6%)
346.20M
est: 668.53M (-48.2%)
644.80M
est: 812.11M (-20.6%)
797.71M
789.24M – 820.90M
-1.8% YoY
826.71M
807.55M – 863.68M
+3.6% YoY
859.20M
858.41M – 859.99M
+3.9% YoY
913.36M
897.82M – 947.19M
+6.3% YoY
976.40M
959.79M – 1.01B
+6.9% YoY
EPS
2.23
est: 2.00 (+11.5%)
2.16
est: 2.42 (-10.9%)
0.95
est: 2.34 (-59.3%)
2.35
1.90 – 2.66
+0.8% YoY
2.70
2.35 – 2.96
+14.7% YoY
2.97
1.85 – 4.09
+9.9% YoY
3.22
3.14 – 3.37
+8.3% YoY
3.59
3.51 – 3.76
+11.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-11 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-10 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-09 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-08 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-05 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-04 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-03 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-02 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-06-01 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-29 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-28 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-27 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-26 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-25 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-22 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-21 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-20 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-19 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-18 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-15 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-14 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-13 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-12 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-11 B+ 3/5 5/5 5/5 4/5 1/5 2/5 1/5
2026-05-08 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-05-07 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-05-06 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-05-05 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-05-04 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-04-30 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-29 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-04-28 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-04-27 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-04-24 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-23 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-22 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-21 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-04-20 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5
2026-04-17 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-16 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-15 B+ 3/5 5/5 5/5 4/5 1/5 2/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.18B
OE per share TTM
6.40
Owner's Yield
27.21%
Maintenance CapEx ratio
27.43%
Maint CapEx / Avg PPE
15.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
99.6K
Shares Outstanding
184.76M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Stephane Pallez Chairwoman, President & Chief Executive Officer 745.5K female
Charles Lantieri Deputy CEO & Chairman of the FDJ Foundation 563.0K male
Dan Levy Chief Financial Officer male
Dominique Cavalié Chief Human Resources & Transformation Officer male
Giovanna D'Esposito Chief International Lottery Officer female
Nathalie Lelorieux Chief Communications Officer
Pascal Chaffard Chief Online Betting & Gaming Off. and Group Strategy & Opr Transformation Officer male
Patrick Buffard Chief French Lottery & Retail Sports Betting Officer male
Raphael Botbol Chief Payment & Services Officer and Innovation leader male
Sébastien Rozanes Chief Digital, Data & AI Officer
Valérie Berche Chief Audit & Risks Officer
Vincent Perrotin Chief Sustainability Officer
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits