FDJ FP

La Francaise Des Jeux S.A.

Consumer


Presented:09/03/2020
Price:€30.82
Cap:$6.56B
Current Price:€35.86
Cap:$7.38B

Presented

Date09/03/2020
Price€30.82
Market Cap$6.56B
Ent Value$5.59B
P/E RatioN/A
Book Value€2.80
Div Yield1.46%
Shares O/S190.97M
Ave Daily Vol341,930
Short IntN/A

Current

Price€35.86
Market Cap$7.38B
La Française des Jeux SA engages in gambling operations in France. The company organizes two categories of games which are lottery games and sports betting. La Française des Jeux was founded in 1976 and is headquartered in Boulogne-Billancourt, France.

Publicly traded companies mentioned herein: La Francaise des Jeux SAEM (FDJ FP)

Highlights

The presenter is long La Francaise des Jeux (FDJ), the operator of the French national lottery system as well as online and offline sports betting offerings. He finds the company’s cash flows to be stable, defensive, and highly visible, largely due to an exclusivity agreement from the French government granting the company a monopoly on the lottery and offline betting in the country. This level of safety, as well as cost cutting opportunities arising from COVID-19, lead him to believe the company is underappreciated by investors and could lead to upside of 35%-60% by the end of 2021. 

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Idea Discussion

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