FDJ United/€FDJ
1D1W1MYTD1Y5YMAX
Capital at risk
About FDJ United
La Française des Jeux Société anonyme (FDJ) operates as the national lottery operator in France, engaging primarily in lottery games and sports betting. With a history tracing back to its establishment in 1976, FDJ has developed a comprehensive portfolio that includes popular lottery games such as Loto and EuroMillions, alongside a range of instant lottery games and sports betting platforms. The company is headquartered in Boulogne-Billancourt, France, and maintains a significant presence across the country through a robust network of retailers and digital platforms. As France's monopoly lottery operator, FDJ benefits from regulatory protection that supports its market position. The company's strategic initiatives focus on digital transformation to expand its footprint in the online gaming sector.
- Ticker
- €FDJ
- Sector
- Consumer Discretionary
- Primary listing
- PAR
- Employees
- 5,785
- Headquarters
- Boulogne-Billancourt, France
- Website
- www.fdjunited.com
FDJ United Metrics
BasicAdvanced
€4.1B
171.53
€0.13
0.62
€2.10
9.45%
Price and volume
Market cap
€4.1B
Beta
0.62
52-week high
€29.32
52-week low
€20.62
Average daily volume
400K
Dividend rate
€2.10
Financial strength
Current ratio
0.546
Quick ratio
0.464
Long term debt to equity
3.523
Total debt to equity
3.826
Dividend payout ratio (TTM)
1,617.08%
Interest coverage (TTM)
7.39%
Profitability
EBITDA (TTM)
1,040.8
Gross margin (TTM)
41.93%
Net profit margin (TTM)
0.67%
Operating margin (TTM)
14.61%
Effective tax rate (TTM)
81.93%
Revenue per employee (TTM)
€620,000
Management effectiveness
Return on assets (TTM)
5.66%
Return on equity (TTM)
3.25%
Valuation
Price to earnings (TTM)
171.531
Price to revenue (TTM)
1.146
Price to book
7.09
Price to tangible book (TTM)
-1.6
Price to free cash flow (TTM)
17.225
Free cash flow yield (TTM)
5.81%
Free cash flow per share (TTM)
1.29
Dividend yield (TTM)
9.45%
Forward dividend yield
9.45%
Growth
Revenue change (TTM)
2.55%
Earnings per share change (TTM)
-92.55%
3-year revenue growth (CAGR)
12.29%
3-year earnings per share growth (CAGR)
-57.81%
3-year dividend per share growth (CAGR)
15.30%
Bulls say / Bears say
FDJ reported a resilient recurring EBITDA of €404 million in H1 2026, representing a 22.7 % margin, held in line with annual targets despite a 4.5 % revenue decline, reflecting disciplined cost controls and a performance plan on track to deliver €100 million in savings for 2026 ([Reuters](Image: © Reuters)(investing.com)).
FDJ reaffirmed full-year guidance for stable gross gaming revenue and only a low single-digit revenue decline in 2026, while projecting a gradual acceleration to around 5 % annual revenue growth by 2028, signaling confidence in its medium-term transformation roadmap (Reuters(ch.zonebourse.com)).
The consolidation of ParionsSport en Ligne and Unibet under the single Unibet brand on a proprietary platform was completed successfully in Q1 2026, streamlining operations ahead of the World Cup and positioning FDJ to compete more effectively in the digital sports betting market ([Reuters](Image: © Reuters)(investing.com)).
H1 2026 gaming tax increases of €52 million across France, the UK, the Netherlands and Romania cut revenue growth by three percentage points and contributed to a 4.5 % year-on-year decline to €1.782 billion, exerting significant top-line pressure (Reuters(ch.zonebourse.com); [Reuters](Image: © Reuters)(investing.com)).
Exceptional heatwaves in France weighed on point-of-sale traffic in H1 2026, driving a 2.0 % drop in gross gaming revenue and a 3.9 % fall in French lottery and retail sports betting revenue to €1.240 billion, underscoring retail vulnerability to weather events (Reuters(ch.zonebourse.com)).
FDJ’s online betting and gaming segment saw mixed results in H1 2026, with the Netherlands just stabilizing and the UK remaining weak—UK GGR down roughly 20–25 %—and tax hikes of about €24 million further eroding reported digital revenue, delaying recovery in competitive markets ([Reuters](Image: © Reuters)(investing.com)).
Data summarised monthly by Lightyear AI. Last updated on 25 Aug 2026.
Upcoming events
No upcoming events
Funds containing FDJ United
AllEURGBPUSD
Fund name | Fund size | €FDJ weighting |
|---|---|---|
iShares STOXX Europe 600 Travel & Leisure€EXV9 | €71M | 2.80% |
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.18% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.18% |
WisdomTree Global Quality Dividend Growth£GGRG | £1.9B | 0.09% |
iShares EURO STOXX€SXXEEX | €2.9B | 0.04% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.