Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
FDJ United is a leading European betting and gaming operator, renowned for its extensive portfolio of iconic brands including Loto, Euromillions, Cash, Mots Croisés, ParionsSport, Unibet, 32Red, and Maria Casino. The company serves a massive customer base of 33 million recreational players across 13 countries, supported by over 5,000 committed employees who drive its performance and innovation. FDJ United operates on a state-of-the-art technological infrastructure capable of handling over 20 billion transactions annually, ensuring operational flexibility and high performance. It maintains a strong financial profile with an approximate 24% EBITDA margin, high cash flow conversion, low indebtedness, and a commitment to attractive dividends. As a leader in responsible gaming and corporate social responsibility, FDJ United achieves 100% compliance with European Lotteries responsible gaming certification and operates exclusively in regulated or soon-to-be-regulated markets, setting global targets to reduce revenue from high-risk players. With unrivaled brand awareness in France at 97%, FDJ United plays a pivotal role in the gaming sector, combining technological excellence, customer focus, and sustainable practices to foster long-term growth.
15.38% operating margin is respectable but not wide. ROIC at 9.62%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 20.0%, still solid. Margins contracted 3.1pp, which offsets some of the top-line progress.
ROIC dropped from 16.80% to 9.62%, capital efficiency is deteriorating. Operating margin contracted 3.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
€3.68B
▲ +20.0% YoY
Net Income (TTM)
€176M
▼ -55.9% YoY
Op. Margin
15.38%
▼ -3.1pp YoY
ROIC
9.62%
▼ -7.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€568M
▲ +32.9% YoY
Op. Cash Flow (TTM)
€588M
▲ +1.9% YoY
Net Debt
€1.47B
Cash & Equiv.
€793M
3Y CAGR: +14.3%
3Y CAGR: +23.4%
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