Equity Analyst, LightStream Research

Oshadhi Kumarasiri

Equity Analyst

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

La Francaise des Jeux / Equity Capital Markets

<p>La Française des Jeux (FDJ) is the French national lottery established in 1933 and it is the largest company in the French gaming sector and has a monopoly in draw and instant lotteries (both point of sales and online) as well as point of sale sports betting in France. Based on gross gaming revenues, FDJ is second only to Italy’s Lottomatica in Europe, and also the 4th largest player in the world.</p><p>Our previous insight on <a href="https://www.smartkarma.com/insights/fdj-french-national-lottery-ipo-odds-of-winning-are-better-than-their-lotteries" target="_blank" rel="noopener">FDJ (French National Lottery) IPO: Odds of Winning Are Better than Their Lotteries</a> focused on FDJ’s strong business model, stable earnings growth and its monopolistic position in the market. This time we shift our attention to the valuation of FDJ and in this insight, we’ll be looking at return on equity, dividend yield and other relative valuation multiples for both FDJ and its peers.</p>

La Française des Jeux (FDJ) is the French national lottery established in 1933 and it is the largest company in the French gaming sector and has a monopoly in draw and instant lotteries (both point of sales and online) as well as point of sale sports betting in France. Based on gross gaming revenues, FDJ is second only to Italy’s Lottomatica in Europe, and also the 4th largest player in the world.Our previous insight on FDJ (French National Lottery) IPO: Odds of Winning Are Better than Their Lotteries focused on FDJ’s strong business model, stable earnings growth and its monopolistic position in the market. This time we shift our attention to the valuation of FDJ and in this insight, we’ll be looking at return on equity, dividend yield and other relative valuation multiples for both FDJ and its peers.

FDJ (French National Lottery) IPO Valuation: 32% ROE & 5% Dividend Yield Merits a Higher Valuation

Germany

Lotto24 is a German online lottery brokerage business.  The Company provides online lottery services.

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Lotto24 (LO24 GY)

FDJ (French National Lottery) IPO Valuation: 32% ROE & 5% Dividend Yield Merits a Higher Valuation

La Française des Jeux (FDJ) is the French national lottery established in 1933 and it is the largest company in the French gaming sector and has a...

Oshadhi Kumarasiri

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)