Fnac Darty SA (FNAC) AI Stock Analysis

Fnac Darty SA

(Paris:FNAC)

Select Model

Rating:52Neutral

Price Target:EUR 35.00▲(0.43% Upside)

Action:reiterated

Date:08/04/26

The score is primarily held back by weakened financial performance: a return to net losses and a sharp increase in leverage outweigh improved revenue growth and strong free cash flow. Technicals are broadly neutral with price near key moving averages, offering limited upside signal. Valuation is less supportive due to the negative P/E despite a moderate dividend yield.

Positive Factors

Revenue reaccelerationThe return to stronger revenue growth indicates improved customer demand and sales execution across Fnac Darty’s categories. Sustained top-line expansion can support scale benefits and help absorb fixed retail and service costs over the medium term.

Negative Factors

Return to net lossThe sharp earnings deterioration reduces the company’s financial cushion and limits its ability to reinvest or support shareholder distributions. A return to profitability is important because losses can persist if weak margins and cost pressure continue.

Fnac Darty SA (FNAC) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 1.03B
Dividend Yield: 2.87%
Average Volume (3M): 11.53K
Price to Earnings (P/E): -6.4
Beta (1Y): 0.70
Revenue Growth: 10.31%
EPS Growth: -833.15%
Country: France
Employees: 28,475
Sector: General
Sector Strength: 55
Industry: Specialty Retail

Fnac Darty SA Business Overview & Revenue Model

Company Description

Fnac Darty S.A. is a prominent retailer specializing in a wide array of entertainment, leisure, consumer electronics, and household appliance products. Its extensive operations span key European markets, including France, Switzerland, Belgium, Luxemb...

How the Company Makes Money

Fnac Darty makes money mainly by selling products and services through an omnichannel model (retail stores plus online sales). Key revenue streams include: (1) Product sales: consumer electronics (e.g., TVs, computers, smartphones), household applian...

Fnac Darty SA Financial Statement Overview

Summary

Revenue growth re-accelerated in 2025 (+10.6%), and cash flow remained strong, but profitability deteriorated with a swing to a net loss (-€140M) and lower gross margin (~28.0% vs. ~30.1%). Balance-sheet risk increased materially as leverage rose (debt-to-equity ~2.62x), limiting financial flexibility.

Income Statement

52Neutral

Balance Sheet

39Negative

Cash Flow

71Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.31B	10.33B	8.25B	7.87B	7.95B	8.04B
Gross Profit	2.89B	2.89B	2.48B	2.38B	857.90M	851.70M
EBITDA	727.30M	712.00M	680.60M	440.20M	552.70M	610.70M
Net Income	-164.40M	-145.60M	35.90M	49.70M	-32.00M	160.30M
Balance Sheet
Total Assets	7.59B	8.54B	8.49B	7.01B	6.75B	6.96B
Cash, Cash Equivalents and Short-Term Investments	515.80M	1.10B	1.09B	1.14B	950.80M	1.19B
Total Debt	2.75B	2.53B	2.43B	2.07B	2.08B	2.06B
Total Liabilities	6.14B	6.97B	6.75B	5.48B	5.22B	5.40B
Stockholders Equity	1.33B	1.45B	1.61B	1.52B	1.51B	1.56B
Cash Flow
Free Cash Flow	501.30M	431.20M	377.20M	433.90M	184.00M	384.80M
Operating Cash Flow	688.50M	615.50M	501.10M	573.10M	322.40M	501.60M
Investing Cash Flow	-224.30M	-298.90M	-104.40M	-130.00M	-261.70M	-110.80M
Financing Cash Flow	-308.00M	-274.40M	-459.10M	-342.00M	-312.40M	-779.20M

Fnac Darty SA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FR:FNAC against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:ALVU	68Neutral	EUR 146.79M	18.21	―	3.27%	15.92%	9.36%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:FNAC	52Neutral	EUR 1.03B	-6.36	-11.85%	2.87%	10.31%	-833.15%
FR:SRP	48Neutral	EUR 114.00M	-4.90	-94.28%	―	-16.97%	52.69%
FR:ALSPT	47Neutral	EUR 3.65M	-1.68	-7.90%	―	-4.38%	-6.33%

* General Sector Average

Performance Comparison

FR:FNAC and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:FNAC	Fnac Darty SA	34.85	7.50	27.42%
FR:SRP	SRP Groupe	0.96	0.50	108.71%
FR:ALSPT	Spartoo SAS	0.20	-0.13	-40.12%
FR:ALVAP	Kumulus Vape SA	2.98	-0.85	-22.11%
FR:MLTRO	Troc de l'Ile SA	2.48	0.00	0.00%
FR:ALVU	Vente-Unique.com SA	15.30	0.60	4.08%

Fnac Darty SA Corporate Events

Fnac Darty Updates Share Capital and Voting Rights Structure

Aug 3, 2026

Fnac Darty has disclosed that its share capital comprises 29,682,146 shares as of 31 July 2026, corresponding to an equal number of gross voting rights and 29,369,800 net voting rights after excluding shares without voting rights. The company reitera...

Fnac Darty edges back toward profitability as online sales and margins improve

Jul 22, 2026

Fnac Darty reported first-half 2026 revenue of €4.46 billion, up 0.6% like-for-like, with online sales rising 4.2% and Click & Collect now accounting for almost half of digital revenues. The gross margin rate improved by 40 basis points to...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 04, 2026

Fnac Darty SA AI Stock Analysis