Company Valuation: FDJ United

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 7,437 7,170 6,262 6,879 4,364 3,842 - -
Change - -3.59% -12.67% 9.85% -36.56% -11.96% - -
Enterprise Value (EV) 1 6,742 6,449 5,458 6,034 3,570 5,521 5,372 5,216
Change - -4.34% -15.37% 10.55% -40.84% 54.64% -2.7% -2.9%
P/E 25.3x 23.3x 14.7x 17.2x 24.9x 16.9x 11.3x 9.9x
PBR 8.97x 7.75x 5.86x 5.78x 4.47x 4.55x 4.87x 4.35x
PEG - 5.13x 0.4x -5.48x -0.4x 0.6x 0.2x 0.7x
Capitalization / Revenue 3.3x 2.91x 2.39x 2.24x 1.19x 1.06x 1.03x 0.99x
EV / Revenue 2.99x 2.62x 2.08x 1.97x 0.97x 1.53x 1.43x 1.34x
EV / EBITDA 12.9x 10.9x 8.09x 7.62x 3.96x 6.51x 5.9x 5.36x
EV / EBIT 17.2x 14.1x 10.3x 10.6x 6.31x 10.8x 9.49x 8.4x
EV / FCF 12.8x 21.4x 10.8x 14.1x 6.29x 11.1x 9.53x 8.36x
FCF Yield 7.82% 4.68% 9.24% 7.08% 15.9% 9.03% 10.5% 12%
Dividend per Share 2 1.24 1.37 1.78 2.05 2.1 2.047 2.174 2.296
Rate of return 3.18% 3.65% 5.42% 5.51% 8.89% 9.85% 10.5% 11%
EPS 2 1.54 1.61 2.23 2.16 0.95 1.231 1.84 2.099
Distribution rate 80.5% 85.1% 79.8% 94.9% 221% 166% 118% 109%
Net sales 1 2,256 2,461 2,621 3,065 3,678 3,610 3,744 3,894
EBITDA 1 522 590 675 792 902 848.2 910.9 972.4
EBIT 1 393 459 532 568 565.6 512.4 565.7 621
Net income 1 294 308 425 399 175.9 244.2 317.3 364.8
Net Debt 1 -695.4 -721.1 -804 -845.1 -794.1 1,679 1,530 1,374
Reference price 2 38.94 37.58 32.84 37.22 23.62 20.79 20.79 20.79
Nbr of stocks (in thousands) 190,992 190,801 190,679 184,819 184,759 184,799 - -
Announcement Date 2/16/22 2/15/23 1/22/24 3/5/25 2/19/26 - - -
1EUR in Million2EUR
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.47x2.66x7.07x3.11% 24.82B
22.86x5.89x13.81x1.71% 24.56B
12.89x2.14x7.48x5.75% 17.56B
13.07x5.94x9.03x3.87% 15.01B
-72.52x1.29x8.83x-.--% 12.92B
12.97x2.17x8.04x8.57% 12.16B
186.73x1.53x14.35x-.--% 9.73B
17.4x2.31x7.68x1.28% 7.94B
Average 25.86x 2.99x 9.54x 3.04% 15.59B
Weighted average by Cap. 20.00x 3.32x 9.58x 3.15%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield