Financials La Française des Jeux

Equities

FDJ

FR0013451333

Casinos & Gaming

Market Closed - Euronext Paris 11:35:05 2024-04-26 am EDT 5-day change 1st Jan Change
35.04 EUR +1.57% Intraday chart for La Française des Jeux -0.40% +6.70%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 4,551 7,144 7,437 7,170 6,262 6,679 - -
Enterprise Value (EV) 1 4,077 6,255 6,742 6,449 5,458 6,028 5,888 5,765
P/E ratio 34 x 33.4 x 25.3 x 23.3 x 14.7 x 15.9 x 14.6 x 13.7 x
Yield 2.69% 2.41% 3.18% 3.65% 5.42% 5.29% 5.67% 5.99%
Capitalization / Revenue 2.33 x 3.72 x 3.3 x 2.91 x 2.39 x 2.33 x 2.23 x 2.14 x
EV / Revenue 2.08 x 3.26 x 2.99 x 2.62 x 2.08 x 2.1 x 1.96 x 1.85 x
EV / EBITDA 11.8 x 14.6 x 12.9 x 10.9 x 8.09 x 8.57 x 7.87 x 7.29 x
EV / FCF 29.6 x 26.8 x 12.8 x 21.4 x 10.8 x 12.2 x 12.3 x 11.4 x
FCF Yield 3.38% 3.73% 7.82% 4.68% 9.24% 8.19% 8.15% 8.8%
Price to Book 7.92 x 10.2 x 8.97 x 7.75 x 5.86 x 5.8 x 5.31 x 4.88 x
Nbr of stocks (in thousands) 191,000 190,971 190,992 190,801 190,679 190,615 - -
Reference price 2 23.82 37.41 38.94 37.58 32.84 35.04 35.04 35.04
Announcement Date 2/13/20 2/12/21 2/16/22 2/15/23 1/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,956 1,920 2,256 2,461 2,621 2,867 2,998 3,119
EBITDA 1 346 427 522 590 675 703.3 748 791.2
EBIT 1 188.7 325 393 459 532 557.3 605.2 642.4
Operating Margin 9.65% 16.93% 17.42% 18.65% 20.3% 19.44% 20.19% 20.6%
Earnings before Tax (EBT) 1 211.3 298.7 416.6 421.2 566 568.8 610.8 650.9
Net income 1 133 213.7 294 308 425 445 459.2 488.8
Net margin 6.8% 11.13% 13.03% 12.52% 16.22% 15.52% 15.32% 15.67%
EPS 2 0.7000 1.120 1.540 1.610 2.230 2.208 2.394 2.562
Free Cash Flow 1 137.6 233.5 527.4 302 504.2 493.7 479.7 507.6
FCF margin 7.04% 12.16% 23.38% 12.27% 19.24% 17.22% 16% 16.28%
FCF Conversion (EBITDA) 39.77% 54.68% 101.03% 51.19% 74.7% 70.2% 64.13% 64.16%
FCF Conversion (Net income) 103.46% 109.27% 179.39% 98.05% 118.64% 110.94% 104.46% 103.85%
Dividend per Share 2 0.6400 0.9000 1.240 1.370 1.780 1.855 1.986 2.098
Announcement Date 2/13/20 2/12/21 2/16/22 2/15/23 1/22/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1
Net sales 1 1,012 848.6 1,071 1,082 529 613 599 1,212 592 656 - 662 627 1,289 586 746 - 710
EBITDA - 174 - 261 - - - - - - - - - - - - - -
EBIT - - - - - - - - - - 213.9 - - 240 - - 292 -
Operating Margin - - - - - - - - - - - - - 18.62% - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - - - - - -
EPS - - - - - - - - - - - - - - - - - -
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 2/13/20 7/29/20 2/12/21 7/29/21 10/14/21 4/21/22 7/29/22 7/29/22 10/13/22 2/15/23 2/15/23 4/19/23 7/27/23 7/27/23 10/19/23 1/22/24 1/22/24 4/17/24
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 474 889 695 721 804 651 792 914
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 138 234 527 302 504 494 480 508
ROE (net income / shareholders' equity) 15.6% 33.7% 38.4% 35.1% 42.6% 39% 38.3% 37.4%
ROA (Net income/ Total Assets) - 7.43% 9.67% 9.47% 12% 13% - -
Assets 1 - 2,877 3,041 3,253 3,538 3,412 - -
Book Value Per Share 2 3.010 3.660 4.340 4.850 5.610 6.040 6.600 7.180
Cash Flow per Share 2 1.080 3.630 3.160 2.130 3.300 2.950 3.140 3.310
Capex 1 67.1 460 75.5 104 125 130 140 138
Capex / Sales 3.43% 23.95% 3.35% 4.23% 4.76% 4.52% 4.68% 4.42%
Announcement Date 2/13/20 2/12/21 2/16/22 2/15/23 1/22/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
35.04 EUR
Average target price
39.67 EUR
Spread / Average Target
+13.20%
Consensus

Quarterly revenue - Rate of surprise

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