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French omnichannel retailer selling consumer electronics, appliances, books and media through Fnac and Darty stores and online.
French omnichannel retailer selling consumer electronics, appliances, books and media through Fnac and Darty stores and online.
Mostly resells other makers' electronics, appliances and books at thin margins, so profit leans on services: in-house repair, extended warranties, the Darty Max subscription and a marketplace where outside sellers pay commission. France is the core, with stores also in Belgium, Switzerland and Iberia.
In one line: France's Best Buy plus Barnes & Noble.
Moat: narrow (brand, distribution, installed base). Trusted legacy brands and dense store network, but thin margins and Amazon competition limit pricing power.
Headquarters: Ivry-sur-Seine, France · Founded: 1954 · Employees: 28,475
Size Fnac Darty (FNAC.PA) is a France Consumer Discretionary company (Electronics/Appliance Stores) with a market value of $1.16B, the 130th largest of 206 France companies the cockpit tracks. Shares closed at €35.00 on 6 Nov 2026.
Performance Over six months the shares fell 0.8%, against +8.4% for the median peer and -0.4% for the France market (cap-weighted) — 8th lowest of 18 in its peer set.
Growth Revenue grew 10.3% over the last twelve months (peer median +9.9%); the operating margin is 2.1% (peer median 3.1%).
Valuation It trades at 17.4× forward earnings against a peer median of 16.2× (7th most expensive of 14).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.1 points below its cost of capital (6.4% WACC).
Credit Fnac Darty has 2 bonds outstanding ($947M), rated BB+ by the agencies and trading like BBB- at a weighted spread of 139 bp.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €10.3B | €10.3B | €8.08B | €7.87B | €7.95B |
| Revenue growth | — | +28% | +3% | -1% | — |
| Gross profit | €996M | €969M | €628M | €737M | €858M |
| EBITDA | €725M | €712M | €728M | €591M | €580M |
| Net income | -€162M | -€146M | €35.9M | €49.7M | -€32.0M |
| Free cash flow | €501M | €431M | €340M | €418M | €184M |
| Capital expenditure | €187M | €184M | €120M | €132M | €138M |
| Total debt | n/a | €2.53B | €2.45B | €2.07B | €2.08B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Fnac Darty FNAC.PA | $1.16B | -1% | +10% | 2% | 17.4× | -0.6% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Ceconomy CEC.DE | $2.47B | +9% | +4% | 1% | 7.8× | 2.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FNAC.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | -5.1% | 8th highest of 20 |
| 6-month return | -0.8% | +8.4% | 8th lowest of 18 |
| Distance from 52-week high | -2.6% | -23.1% | highest of 20 |
| Revenue growth (TTM) | +10.3% | +9.9% | 10th highest of 19 |
| Operating margin | 2.1% | 3.1% | 7th lowest of 20 |
| Forward P/E | 17.4× | 16.2× | 7th most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | -0.6% | -3.3% | 7th most demanding of 15 |
| Growth delivered (Del g) | +6.6% | +0.3% | 6th highest of 15 |
| Hurdle (Req g minus delivered) | -7.2 pp | -4.4 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | -2.1 pp | +3.3 pp | 5th lowest of 18 |
| EV / EBITDA | 4.7× | 11.7× | cheapest of 11 |
| Net debt / EBITDA | 3.1× | 1.4× | 3rd most indebted of 16 |
| Bond spread | 139 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fnac Darty FNAC.PA | France | $1.16B | -1% | +10% | 2% | 17.4× | -0.6% | +6.6% |
| ATRenew Inc. Sponsored ADR RERE | United States | $944M | -7% | +35% | 3% | 8.5× | n/a | n/a |
| China Qidian Guofeng 1280.HK | Hong Kong | $930M | +113% | -6% | -30% | n/a | n/a | n/a |
| Suning.com 002024.SZ | China | $1.48B | -19% | -34% | -10% | 106.3× | -3.0% | -28.0% |
| Jiangsu Yinhe Electronics 002519.SZ | China | $852M | -38% | +1,594% | -9% | 16.2× | 56.2% | -18.2% |
| K's 8282.T | Japan | $1.64B | -4% | +5% | 4% | 10.0× | -11.0% | -0.8% |
| Edion 2730.T | Japan | $1.64B | +17% | +4% | 4% | 15.1× | -8.4% | +0.7% |
| Puuilo PUUILO.HE | Finland | $1.76B | +46% | +15% | 18% | 22.5× | -5.2% | +13.1% |
| Dicker Data DDR.AX | Australia | $1.78B | +54% | +12% | 6% | 22.4× | 9.9% | +5.1% |
| Aditya Vision AVL.NS | India | $714M | -6% | +28% | 7% | 40.4× | 33.5% | +29.0% |
| Polibeli PLBL | United States | $1.96B | -28% | n/a | -29% | n/a | n/a | n/a |
| Kojima 7513.T | Japan | $675M | +15% | +5% | 3% | n/a | -9.8% | 0.0% |
| Joshin 8173.T | Japan | $674M | +42% | +9% | 2% | 31.8× | -3.7% | -0.6% |
| mobilezone MOZN.SW | Switzerland | $659M | -12% | -37% | 6% | 15.1× | 1.4% | -6.1% |
| Electronics Mart India EMIL.NS | India | $588M | +19% | +17% | 5% | 24.0× | 12.0% | +17.5% |
| Nojima 7419.T | Japan | $2.46B | +8% | +11% | 6% | n/a | -14.2% | +13.4% |
| SS Retail SSRETAIL.NS | India | $501M | n/a | +47% | 4% | n/a | n/a | n/a |
| GEO 2681.T | Japan | $467M | 0% | +16% | 3% | 9.9× | -7.5% | +7.9% |
| QVC QVCG | United States | $377M | n/a | -8% | 2% | n/a | n/a | n/a |
| Yamada 9831.T | Japan | $3.90B | +41% | +7% | 1% | 12.8× | 20.7% | -0.7% |
Fnac Darty has 2 bonds outstanding with $947M face value. The agencies rate it BB+; its bonds trade like BBB-. Weighted yield 4.63%, a spread of 139 bp over government bonds.