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FDJ UnitedENXTPA:FDJU Stock Report

Market Cap €4.3b
Share Price
€22.95
€29.05
21.0% undervalued intrinsic discount
1Y-30.4%
7D0.3%
Portfolio Value
View

FDJ United

ENXTPA:FDJU Stock Report

Market Cap: €4.3b

FDJU Community Fair Values

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See what 51 others think this stock is worth. Follow their fair value or set your own to get alerts.

FDJ United Competitors

Price History & Performance

Summary of share price highs, lows and changes for FDJ United
Historical stock prices
Current Share Price€22.95
52 Week High€34.04
52 Week Low€22.12
Beta0.62
1 Month Change-12.17%
3 Month Change-7.16%
1 Year Change-30.37%
3 Year Change-37.57%
5 Year Change-50.22%
Change since IPO1.10%

Recent News & Updates

Narrative Update May 04

FDJU: Execution Risk Around 2026 Taxes And Slower Profitability Will Drive Repricing

FDJ United's updated analyst price target has been trimmed by €2 to €20. This reflects analysts' more cautious assumptions on growth, profitability and risk after a series of recent target cuts and one modest upward revision from major banks.

Recent updates

Narrative Update May 04

FDJU: Execution Risk Around 2026 Taxes And Slower Profitability Will Drive Repricing

FDJ United's updated analyst price target has been trimmed by €2 to €20. This reflects analysts' more cautious assumptions on growth, profitability and risk after a series of recent target cuts and one modest upward revision from major banks.
Narrative Update Apr 20

FDJU: Slower Revenue Assumptions Will Still Support Future Multiple Expansion

Analysts have nudged the central price target on FDJ United slightly lower to about €29 from roughly €29.55, reflecting updated assumptions for slower revenue growth, a modestly higher profit margin, and a lower future P/E, alongside recent mixed Street targets ranging from €22 to €26.50. Analyst Commentary Recent Street research on FDJ United shows a mix of views, with price targets now clustering between €22 and €26 and one recent upward adjustment of €0.50.
Narrative Update Apr 05

FDJU: Execution Risk Around 2026 Earnings And Taxes Will Drive Repricing

The analyst price target for FDJ United is now set at €22.00, with recent Street research pointing to small adjustments in growth and margin expectations, as well as different discount rate assumptions that justify modest price target moves around this level. Analyst Commentary Recent research around FDJ United clusters near a central price target of €22.00, but the tone from some bearish analysts is cautious.
Narrative Update Mar 22

FDJU: Lower Revenue Outlook Will Drive Bearish Repricing Ahead

FDJ United's updated analyst price target has edged down to €22.0 from €22.5, as analysts factor in a lower revenue growth outlook, along with slightly different assumptions for the discount rate, profit margin and future P/E multiples. Analyst Commentary Recent research updates point to a more cautious stance on FDJ United, with price targets adjusted to reflect lower growth assumptions and questions around how the current valuation lines up with execution risks.
Narrative Update Mar 08

FDJU: Future Earnings Power Will Rely On Margin Recovery And Dividend Support

Analysts have trimmed their price target on FDJ United to €26 from €27.50, reflecting updated assumptions around growth, profitability and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts see the revised €26 price target as still implying a degree of confidence in FDJ United's ability to execute on current plans, even after updating growth and profitability assumptions.
Narrative Update Feb 22

FDJU: Tax Burden And Margin Pressure Will Drive Bearish Repricing Ahead

Analysts have maintained their price target on FDJ United at €22.50, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News FDJ United issued earnings guidance for 2026, targeting slight revenue growth, with expectations tied to higher gross gaming revenue and nearly €90 million of additional gaming taxes affecting results (company guidance).
Narrative Update Feb 07

FDJU: Higher Required Return Will Still Allow Multiple Expansion Upside

Analysts have reduced their fair value estimate for FDJ United from €30.68 to €29.55. This change mainly reflects a slightly higher discount rate, modestly adjusted revenue growth assumptions and a lower future P/E multiple, while profit margin expectations remain broadly unchanged.
Narrative Update Jan 24

FDJU: Future Earnings Multiple Expansion Will Support Upside As Guidance Clarifies Ambitions

Analysts have trimmed their price target for FDJ United to about €30.68 from roughly €31.08, reflecting slightly softer assumptions on revenue growth and profit margins, a marginally lower discount rate, and a modestly higher future P/E multiple. Valuation Changes Fair Value Estimate: Adjusted from €31.08 to about €30.68, a small reduction in the implied share value.
Narrative Update Jan 10

FDJU: Future Execution Will Support Upside As Guidance Clarifies Revenue Ambitions

Analysts have trimmed their price expectations for FDJ United, with the blended target easing to about €31 from roughly €34. This reflects slightly more cautious assumptions on the discount rate, growth, margins and future P/E multiples.
Narrative Update Dec 26

FDJU Slower Revenue Outlook Will Shape Margins And Repricing Ahead

The analyst price target for FDJ United has been revised lower from EUR 27.80 to EUR 22.50 as analysts factor in slightly slower expected revenue growth, a higher discount rate, and a de rating of future earnings multiples, partly offset by improved profit margin forecasts. Analyst Commentary Recent Street research reflects a more cautious stance on FDJ United, with multiple price target reductions signaling rising skepticism about the companys medium term growth and valuation support.
Narrative Update Dec 12

FDJU Will See Future Earnings Power Supported By Margin Recovery Potential

The analyst price target for FDJ United has been trimmed from EUR 43.00 to EUR 41.00, as analysts factor in slightly higher discount rates and weaker margin expectations, despite modestly stronger projected revenue growth and a higher assumed future P E multiple. Analyst Commentary Recent Street research on FDJ United reflects a mixed but generally constructive stance, with price targets adjusted to reflect updated assumptions on growth, profitability, and risk.
Narrative Update Nov 27

FDJU: Future Execution Will Sustain Momentum Despite Near-Term Growth Adjustments

Analysts have modestly lowered their price targets for FDJ United, citing slight adjustments to growth and discount rate assumptions. New targets generally range from EUR 27.50 to EUR 42.
Analysis Article Nov 14

Potential Upside For FDJ United (EPA:FDJU) Not Without Risk

When close to half the companies in France have price-to-earnings ratios (or "P/E's") above 17x, you may consider FDJ...
Narrative Update Nov 13

FDJU: Future Execution And Resilient Margins Will Drive 2025 Performance

Analysts have slightly lowered their price targets for FDJ United, citing updated discount rates and modest expectations for future profitability. This has resulted in target adjustments ranging from EUR 27.50 to EUR 42 per share.
Narrative Update Oct 30

FDJU: Resilient Core Business And Margins Will Drive Future Upside

FDJ United's analyst price target has been lowered slightly, decreasing from €34.41 to €33.93. Analysts point to modest reductions in expected profit margins and revenue growth as factors for the updated outlook.
Narrative Update Oct 16

Digital Momentum And Swedish Licenses Will Shape Global Markets

Analysts have lowered their price target for FDJ United from €36.03 to €34.41. This change reflects more cautious expectations for revenue growth and profit margins in the context of recent market assessments.
Analysis Article Oct 01

These 4 Measures Indicate That FDJ United (EPA:FDJU) Is Using Debt Reasonably Well

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Narrative Update Sep 26

Digital Momentum And Swedish Licenses Will Shape Global Markets

The slight downward revision in FDJ United’s price target primarily reflects modestly reduced revenue growth forecasts, with fair value decreasing marginally from €36.59 to €36.03. What's in the News FDJ United reiterated full-year 2025 earnings guidance, expecting stable revenue compared to 2024 pro forma.
Narrative Update Sep 04

Digital Momentum And Swedish Licenses Will Shape Global Markets

Analysts maintained a stable price target for FDJ United at €36.59, balancing improved operational efficiencies and digital gains against regulatory headwinds, tax uncertainty, and heightened competition. Analyst Commentary Bullish analysts cited improved operational efficiencies supporting higher margin forecasts.
Analysis Article Aug 07

We Think You Can Look Beyond FDJ United's (EPA:FDJU) Lackluster Earnings

FDJ United's ( EPA:FDJU ) earnings announcement last week didn't impress shareholders. While the headline numbers were...
Analysis Article Jun 28

What FDJ United's (EPA:FDJU) P/E Is Not Telling You

There wouldn't be many who think FDJ United's ( EPA:FDJU ) price-to-earnings (or "P/E") ratio of 15.4x is worth a...
Analysis Article Jun 10

Returns On Capital Signal Tricky Times Ahead For FDJ United (EPA:FDJU)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
User avatar
New Narrative May 08

Integration Of Kindred And Sportsbook Rollout Will Yield Cost Savings

Integration of Kindred is expected to yield significant cost optimizations and enhance net margins, potentially improving financial performance.
User avatar
New Narrative Mar 09

Kindred Integration Will Diversify Markets And Strengthen Future Operations

Diversification through acquisitions and platform enhancements could boost FDJ's market presence and improve revenue and margins across Europe.

Shareholder Returns

FDJUFR HospitalityFR Market
7D0.3%0.9%0.2%
1Y-30.4%-10.8%-3.0%

Return vs Industry: FDJU underperformed the French Hospitality industry which returned -10.8% over the past year.

Return vs Market: FDJU underperformed the French Market which returned -3% over the past year.

Price Volatility

Is FDJU's price volatile compared to industry and market?
FDJU volatility
FDJU Average Weekly Movement4.3%
Hospitality Industry Average Movement4.9%
Market Average Movement5.4%
10% most volatile stocks in FR Market10.7%
10% least volatile stocks in FR Market2.9%

Stable Share Price: FDJU has not had significant price volatility in the past 3 months compared to the French market.

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

About the Company

FoundedEmployeesCEOWebsite
19335,755Stephane Pallezwww.fdjunited.com

FDJ United engages in the gambling operation and distribution business in France and internationally. The company operates through Lottery and Sports Betting; Online Betting and Gaming; International Lottery; and Payment and Services segments. It offers prize draws, such as Loto and Euromillions, as well as Illiko instant games; online offer (open to competition), including sports betting and horse-race betting, poker and casino games; and payment and collection service through a network of point–of–sale registered as agents.

FDJ United Fundamentals Summary

How do FDJ United's earnings and revenue compare to its market cap?
FDJU fundamental statistics
Market cap€4.27b
Earnings (TTM)€175.90m
Revenue (TTM)€3.68b
24.1x
P/E Ratio
1.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FDJU income statement (TTM)
Revenue€3.68b
Cost of Revenue€2.13b
Gross Profit€1.55b
Other Expenses€1.37b
Earnings€175.90m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

Jul 29, 2026

Earnings per share (EPS)0.95
Gross Margin42.06%
Net Profit Margin4.78%
Debt/Equity Ratio222.0%

How did FDJU perform over the long term?

See historical performance and comparison

Dividends

9.2%
Current Dividend Yield
221%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 18:19
End of Day Share Price 2026/05/20 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FDJ United is covered by 18 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Sabrina BlancBernstein
Jaafar MestariBNP Paribas
Kiranjot GrewalBofA Global Research