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 3,857 - -
Change - -3.59% -12.67% 9.85% -36.56% -11.62% - -
Enterprise Value (EV) 1 6,742 6,449 5,458 6,034 3,570 5,535 5,386 5,231
Change - -4.34% -15.37% 10.55% -40.84% 55.06% -2.69% -2.89%
P/E 25.3x 23.3x 14.7x 17.2x 24.9x 16.9x 11.3x 9.94x
PBR 8.97x 7.75x 5.86x 5.78x 4.47x 4.59x 4.95x 4.54x
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 1.07x 1.03x 0.99x
EV / Revenue 2.99x 2.62x 2.08x 1.97x 0.97x 1.53x 1.44x 1.34x
EV / EBITDA 12.9x 10.9x 8.09x 7.62x 3.96x 6.53x 5.91x 5.38x
EV / EBIT 17.2x 14.1x 10.3x 10.6x 6.31x 10.8x 9.52x 8.42x
EV / FCF 12.8x 21.4x 10.8x 14.1x 6.29x 11.1x 9.56x 8.39x
FCF Yield 7.82% 4.68% 9.24% 7.08% 15.9% 9% 10.5% 11.9%
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% 9.81% 10.4% 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 20.87 20.87 20.87
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
23.09x5.95x13.95x1.69% 24.77B
12.87x2.58x6.86x3.25% 23.71B
12.55x2.07x7.23x5.9% 17.1B
13.6x6.2x9.42x3.72% 15.45B
-73.77x1.31x8.92x-.--% 13.14B
12.68x2.14x7.91x8.76% 11.89B
184.99x1.53x14.63x-.--% 9.73B
17.16x2.29x7.72x1.3% 7.83B
Average 25.40x 3.01x 9.58x 3.08% 15.45B
Weighted average by Cap. 19.56x 3.36x 9.64x 3.17%

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