FDJ United

LFDJF

Gambling, Resorts & Casinos · Consumer Cyclical

Price

$26.05

+0.52 (+2.02%)

Market Cap

$4.81B

Exchange

Other OTC

Winston Score

Winston is serious

Mixed quality — meaningful strengths and weaknesses.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Good

Growth

Weak

Cash Flow

Strong

Stability

Mixed

Valuation

Good

Dividends

Good

Track this stock — start free trial

Share count falling — buybacks

−3.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 191.0M (2021) → 185.2M (2025)

Winston Score History

The full picture

FDJ United is a French gambling company that runs lotteries, sports betting, and online casino games. Its most well-known product is the French national lottery, which it has operated under a government-granted license for decades. It also owns the Kindred Group, a major online gambling brand with products like Unibet, giving it a strong presence in digital betting across Europe.

The company earns money by keeping a portion of every bet or lottery ticket sold, paying out the rest as prizes. FDJ United operates primarily in France and across Europe, with the Kindred acquisition significantly expanding its online reach. Its lottery business in France is protected by an exclusive government license, which acts as a strong competitive moat, but its online gambling operations face growing regulatory pressure across European markets, which could limit expansion or increase compliance costs going forward.

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-4.7% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-112.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

€0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

36.9%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

€569M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

FDJ United's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

31.4%

Modest — 31.4% gross margin

Profit after running costs

Operating Margin

12.9%

Healthy — 12.9% operating margin

Return on the money invested

ROCE

19.3%

Strong — 19.3% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth

Sales YoY

+2.5%

Nearly flat sales (+2.5% YoY)

Profit growth

EPS YoY

-92.9%

Earnings shrinking (-92.9% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash

Cash Conversion

1439%

Turns 1439% of profit into real cash

Spare cash per sale

FCF Margin

4.8%

Thin free cash flow (4.8%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns

Debt / Equity

3.70

Heavy debt load (3.70)

Covers its interest

Interest Cover

5.81x

Adequate interest coverage (5.8x)

Interest coverage between 3 and 8. Profits cover interest several times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit

P/E Ratio (TTM)

212.3x

Expensive — P/E 212.3

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year

P/E vs Forward

+205.6

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (212.3 → 6.7)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend

Dividend Yield

9.46%

Healthy income — 9.46% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

N/A

Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.

Start free trial