OLYMPIQUE LYONNAIS GROUPE (EFG) AI Stock Analysis

• Market Cap: €318.07M
• Dividend Yield: N/A
• Average Volume (3M): 641.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.23
• Revenue Growth: -38.44%
• EPS Growth: -851.16%
• Country: FR
• Employees: 552
• Sector: Services
• Sector Strength: N/A
• Industry: Leisure
• EPS (TTM): N/A
• Shares Outstanding: 175,873,470
• 10 Day Avg. Volume: 686
• 30 Day Avg. Volume: 641
• PEG Ratio: >-0.01
• Price to Book (P/B): -1.87
• Price to Sales (P/S): 1.91
• P/FCF Ratio: -3.27
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: €2.00 ▲(29.87% Upside)
• Action: Upgraded Date: 12/25/25
• Date: Action: Upgraded 12/25/25

The score is primarily weighed down by weak financial performance—sharp revenue contraction, heavy operating losses, persistent negative free cash flow, and a high-debt/negative-equity balance sheet. Technicals also point to a bearish setup with the price below key moving averages and negative MACD. Valuation is not supportive because the negative P/E reflects ongoing losses and there is no dividend yield data.

Positive Factors

Diversified revenue model

The group's revenue pillars span matchday, broadcast, commercial, merchandising and player trading, giving multiple independent cash sources. Over 2-6 months this diversification reduces dependence on any single income stream and supports recovery routes if one pillar weakens.

High gross margin

A persistently high gross margin indicates strong underlying economics for core football operations (media, merchandising and matchday). If management can better align operating costs to revenue, the company could regain operating leverage and convert margin into sustainable profits over time.

Substantial asset base

A sizable asset base (stadium, facilities and player registrations) provides tangible collateral and optionality. These assets can underwrite refinancing, be monetized via structured deals or support credit lines, offering durable strategic flexibility despite short-term balance sheet strain.

Negative Factors

Sharp revenue decline and profit swing

A ~40% revenue drop and swing to deep operating losses signal structural earnings volatility tied to sporting results and transfer cycles. This weakens recurring cash flow, reduces bargaining power with sponsors and broadcasters, and makes multi-quarter recovery dependent on sustained revenue restoration.

Weak cash generation and negative FCF

Persistent negative operating cash flow and large negative free cash flow point to structural funding gaps. Over months this forces reliance on external financing or asset sales, constrains investment in sport and commercial initiatives, and elevates refinancing and liquidity risk.

High leverage and negative equity

Elevated debt combined with negative equity materially weakens financial resilience. This increases refinancing and covenant risk, limits strategic options, and raises the likelihood of forced asset disposals or dilutive capital raises, harming long-term operational stability.

OLYMPIQUE LYONNAIS GROUPE Business Overview & Revenue Model

Company Description

Eagle Football Group Société anonyme, together with its subsidiaries, operates in the entertainment and media sector in France. The company manages Olympique Lyonnais football club and operates Groupama stadium. It also markets, distributes, and retails derivative products under the Olympique Lyonnais brand; and produces television programs and corporate films, advertisements, events-based programs, and documentaries. In addition, the company involved in ticketing, sponsoring, advertising, media and marketing rights, and player trading businesses. Further, it organizes various events, such as concerts, non-football sporting events, conventions, B2B seminars and corporate events, stadium tours, etc. The company was formerly known as Olympique Lyonnais Groupe SA and changed its name to Eagle Football Group Société anonyme in April 2024. Eagle Football Group Société anonyme was founded in 1950 and is headquartered in Décines-Charpieu, France. Eagle Football Group Société anonyme is a subsidiary of Eagle Football LLC.

How the Company Makes Money

Olympique Lyonnais Groupe generates revenue through multiple streams associated with its football operations and related activities. Key revenue sources include matchday income from ticket sales, concessions, and hospitality services during home games at Groupama Stadium. The company also earns from broadcasting rights, both domestically and internationally, providing a significant portion of its income. Additionally, merchandising and licensing of the Olympique Lyonnais brand contribute to its earnings. Sponsorship and advertising partnerships are crucial, with various brands paying for exposure through team apparel, stadium signage, and digital platforms. The company may also benefit from player transfers, where profits are made from the sale of player registrations to other clubs.

OLYMPIQUE LYONNAIS GROUPE Financial Statement Overview

Summary

Financial profile is stressed: 2025 revenue fell ~40% YoY with a swing from positive EBIT in 2024 to deeply negative EBIT/EBITDA and larger net losses. Balance sheet risk is acute with high/rising debt (~663M) and negative equity (~-167M). Cash generation is consistently weak with negative operating cash flow and deeply negative free cash flow (about -95M in 2025), implying ongoing external funding needs.

Income Statement

Operating performance has been highly volatile and has deteriorated sharply in the latest year. In 2025 (annual), revenue fell ~40% year over year (to ~163M), and profitability swung from positive EBIT in 2024 to deeply negative EBIT and EBITDA in 2025, with net losses expanding materially. While gross margin remains high in 2025, the company is not converting that into operating profit, suggesting a cost structure (player wages/transfer impacts/overheads) that is not flexing with revenue. The main strength is the historically strong gross margin profile, but the recurring net losses and the steep 2025 revenue contraction heavily pressure the score.

Balance Sheet

Leverage and solvency risk are elevated. Total debt is high and rising (to ~663M in 2025), while shareholders’ equity turned negative in 2025 (about -167M), which materially weakens financial flexibility and increases refinancing risk. The debt-to-equity relationship is distorted by negative equity, but directionally it indicates an over-levered capital structure. Total assets are sizable, yet the balance sheet is being eroded by ongoing losses. The only partial positive is that the asset base remains substantial, but negative equity and heavy debt dominate the outlook.

Cash Flow

Cash generation remains weak and inconsistent. Operating cash flow is negative across the entire period shown, including 2025 (slightly negative) and a very large outflow in 2024, indicating the core business has not been self-funding. Free cash flow is deeply negative every year and was still very weak in 2025 (around -95M), implying ongoing funding needs. A relative improvement in free cash flow in 2025 versus 2024 is a modest positive, but the overall pattern of negative operating and free cash flow suggests continued dependence on external financing or asset sales.

Breakdown	Jun 2025	Jun 2023	Sep 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	162.61M	264.14M	199.13M	160.47M	118.16M
Gross Profit	109.13M	191.63M	-18.31M	109.26M	95.97M
EBITDA	-84.14M	83.89M	-18.97M	21.40M	-65.58M
Net Income	-201.20M	-25.20M	-97.82M	-54.09M	-106.97M
Balance Sheet
Total Assets	800.08M	830.59M	741.54M	651.63M	698.27M
Cash, Cash Equivalents and Short-Term Investments	62.07M	129.48M	34.60M	27.53M	69.87M
Total Debt	663.05M	610.29M	502.63M	439.25M	416.26M
Total Liabilities	963.69M	791.21M	636.17M	573.57M	576.45M
Stockholders Equity	-166.73M	36.40M	99.97M	75.75M	118.59M
Cash Flow
Free Cash Flow	-95.16M	-174.60M	-169.97M	-122.58M	-100.99M
Operating Cash Flow	-4.34M	-98.08M	-113.19M	-53.96M	-16.07M
Investing Cash Flow	36.23M	105.85M	52.09M	5.94M	-34.62M
Financing Cash Flow	-99.73M	87.03M	68.44M	6.06M	87.39M

OLYMPIQUE LYONNAIS GROUPE Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:EFG, the sentiment is Positive. The current price of 1.54 is below the 20-day moving average (MA) of 1.85, below the 50-day MA of 1.74, and below the 200-day MA of 1.76, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 54.16 is Neutral, neither overbought nor oversold. The STOCH value of 38.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:EFG.

OLYMPIQUE LYONNAIS GROUPE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GLO	76 Outperform	€964.10M	11.73	19.49%	3.03%	9.51%	26.07%
DEC	72 Outperform	€3.61B	15.61	11.69%	3.60%	5.80%	-9.84%
CDA	65 Neutral	€1.41B	13.72	―	3.96%	12.76%	15.65%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
VAC	54 Neutral	€823.92M	24.61	―	―	2.68%	63.49%
ODET	50 Neutral	€5.45B	―	―	0.35%	―	―
EFG	43 Neutral	€318.07M	-1.49	―	―	-38.44%	-851.16%