ENXTPA:FDJ

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La Française des Jeux Société anonyme

Executive Summary

La Française des Jeux Société anonyme operates lottery and online sports betting games worldwide. More Details


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has La Française des Jeux Société anonyme's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FDJ is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FDJ's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

2.1%

FDJ

-1.1%

FR Hospitality

0.7%

FR Market


1 Year Return

64.2%

FDJ

-15.1%

FR Hospitality

1.0%

FR Market

Return vs Industry: FDJ exceeded the French Hospitality industry which returned -18.8% over the past year.

Return vs Market: FDJ exceeded the French Market which returned -1.4% over the past year.


Shareholder returns

FDJIndustryMarket
7 Day2.1%-1.1%0.7%
30 Day10.1%25.4%19.1%
90 Day15.1%14.6%11.1%
1 Year66.7%64.2%-13.6%-15.1%3.1%1.0%
3 Yearn/a-28.3%-33.2%18.8%8.9%
5 Yearn/a-13.8%-23.3%51.6%31.1%

Long-Term Price Volatility Vs. Market

How volatile is La Française des Jeux Société anonyme's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is La Française des Jeux Société anonyme undervalued compared to its fair value and its price relative to the market?

77.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FDJ (€35.44) is trading above our estimate of fair value (€26.2)

Significantly Below Fair Value: FDJ is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FDJ is poor value based on its PE Ratio (77.5x) compared to the FR Hospitality industry average (14.9x).

PE vs Market: FDJ is poor value based on its PE Ratio (77.5x) compared to the French market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: FDJ is poor value based on its PEG Ratio (3.2x)


Price to Book Ratio

PB vs Industry: FDJ is overvalued based on its PB Ratio (12.6x) compared to the FR Hospitality industry average (1x).


Next Steps

Future Growth

How is La Française des Jeux Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

24.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FDJ's forecast earnings growth (24.4% per year) is above the savings rate (0.6%).

Earnings vs Market: FDJ's earnings (24.4% per year) are forecast to grow slower than the French market (25.4% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: FDJ's revenue (6.1% per year) is forecast to grow slower than the French market (7.3% per year).

High Growth Revenue: FDJ's revenue (6.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FDJ's Return on Equity is forecast to be high in 3 years time (34.3%)


Next Steps

Past Performance

How has La Française des Jeux Société anonyme performed over the past 5 years?

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FDJ has a high level of non-cash earnings.

Growing Profit Margin: FDJ's current net profit margins (4.7%) are lower than last year (9.3%).


Past Earnings Growth Analysis

Earnings Trend: FDJ's earnings have declined by 8.5% per year over the past 5 years.

Accelerating Growth: FDJ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FDJ had negative earnings growth (-49.2%) over the past year, making it difficult to compare to the Hospitality industry average (-10.5%).


Return on Equity

High ROE: FDJ's Return on Equity (16.3%) is considered low.


Next Steps

Financial Health

How is La Française des Jeux Société anonyme's financial position?


Financial Position Analysis

Short Term Liabilities: FDJ's short term assets (€1.5B) do not cover its short term liabilities (€1.6B).

Long Term Liabilities: FDJ's short term assets (€1.5B) exceed its long term liabilities (€699.1M).


Debt to Equity History and Analysis

Debt Level: FDJ's debt to equity ratio (107.1%) is considered high.

Reducing Debt: FDJ's debt to equity ratio has increased from 2.8% to 107.1% over the past 5 years.

Debt Coverage: FDJ's debt is well covered by operating cash flow (58.8%).

Interest Coverage: FDJ earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is La Française des Jeux Société anonyme current dividend yield, its reliability and sustainability?

1.27%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FDJ's dividend (1.27%) isn’t notable compared to the bottom 25% of dividend payers in the French market (1.4%).

High Dividend: FDJ's dividend (1.27%) is low compared to the top 25% of dividend payers in the French market (4.68%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether FDJ's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FDJ's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (98.4%), FDJ's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FDJ's dividends in 3 years are forecast to be covered by earnings (79.4% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average board tenure


CEO

Stephane Pallez (61 yo)

6yrs

Tenure

Ms. Stéphane Pallez has been the Chairwoman, President and Chief Executive Officer of La Française des Jeux Société anonyme since November 2014. Ms. Pallez has pursued a career at the crossroads of the pub...


Board Members

NamePositionTenureCompensationOwnership
Stephane Pallez
Chairman6yrsno data0.00085%
€ 56.7k
Didier Trutt
Director3.75yrsno datano data
Pierre Pringuet
Independent Director1yrno data0.00052%
€ 34.7k
Olivier Roussel
Directorno datano datano data
Bertrand de Gallé
Honorary Chairmanno datano datano data
Corinne Lejbowicz
Independent Director1yrno datano data
Xavier Girre
Independent Director1yrno data0.00027%
€ 18.0k
Fabienne Dulac
Independent Director1yrno datano data
Henri Lacaille
Director14.83yrsno datano data
Ghislaine Doukhan
Director3.75yrsno datano data
Agnès Lyon-Caen
Director2.75yrsno datano data
Philippe Pirani
Director21.83yrsno datano data

2.8yrs

Average Tenure

60yo

Average Age

Experienced Board: FDJ's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

La Française des Jeux Société anonyme's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: La Française des Jeux Société anonyme
  • Ticker: FDJ
  • Exchange: ENXTPA
  • Founded: 1933
  • Industry: Casinos and Gaming
  • Sector: Consumer Services
  • Market Cap: €6.676b
  • Shares outstanding: 190.97m
  • Website: https://www.groupefdj.com

Number of Employees


Location

  • La Française des Jeux Société anonyme
  • 3-7 Quai du Point du Jour
  • Boulogne-Billancourt
  • Ile-de-France
  • 92100
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FDJWBAG (Wiener Boerse AG)YesShare CapitalATEURNov 2019
FDJPBATS-CHIXE (BATS 'Chi-X Europe')YesShare CapitalGBEURNov 2019
FDJENXTPA (Euronext Paris)YesShare CapitalFREURNov 2019
1WEDB (Deutsche Boerse AG)YesShare CapitalDEEURNov 2019
LFDJ.FOTCPK (Pink Sheets LLC)YesShare CapitalUSUSDNov 2019

Biography

La Française des Jeux Société anonyme operates lottery and online sports betting games worldwide. The company offers instant and draw games. Its brand portfolio comprises Loto, EuroMillions, Cash, Amigo, M...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/01 19:21
End of Day Share Price2020/12/01 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.