EDEN Stock Analysis: Edenred | PA
Credit Services | PA, France | Market Cap: 5.545m EUR | 12M Return: -7.6% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 24.3M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Edenred SE is a French digital platform that connects companies, employees, and merchants through prepaid service and payment solutions, primarily in the employee benefits and mobility/expense management markets. The companys offerings include meal vouchers (Ticket Restaurant, Ticket Alimentación), gift and welfare solutions, cultural benefits, and an extensive portfolio of fuel cards, fleet management tools, and electric vehicle charging services (UTA Edenred, Ticket Car, Spirii).
The business is built on a closed-loop, three-party payment model: employers fund prepaid accounts, employees use them at affiliated merchants, and Edenred earns fees and float income on the transacted volume. As a mid-cap player in the Diversified Support Services sub-industry, Edenred benefits from a network effect, since its value to any one merchant or employer increases as more participants join the platform. The company was founded in 1962 and is headquartered in Issy-les-Moulineaux, France.
- Brazil meal voucher volumes accelerate organic revenue growth
- UTA mobility acquisition expands fuel card transaction revenue
- Digital platform scaling drives operating leverage and margin expansion
| Net Income: 521.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 1.05 > 1.0 |
| NWC/Revenue: -61.46% < 20% (prev -57.84%; Δ -3.62% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.10b > Net Income 521.0m |
| Net Debt (3.51b) to EBITDA (1.13b): 3.11 < 3 |
| Current Ratio: 0.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (221.4m) vs 12m ago -16.40% < -2% |
| Gross Margin: 52.42% > 18% (prev 46.07%; Δ 6.34% > 0.5%) |
| Asset Turnover: 20.36% > 50% (prev 19.67%; Δ 0.70% > 0%) |
| Interest Coverage Ratio: 3.96 > 6 (EBIT TTM 864.0m / Interest Expense TTM 218.0m) |
| A: -0.12 (Total Current Assets 8.86b - Total Current Liabilities 10.5b) / Total Assets 13.6b |
| B: -0.12 (Retained Earnings -1.57b / Total Assets 13.6b) |
| C: 0.06 (EBIT TTM 864.0m / Avg Total Assets 13.4b) |
| D: -0.06 (Book Value of Equity -922.0m / Total Liabilities 14.4b) |
| Altman-Z'' = -0.82 = CCC |
| DSRI: 1.07 (Receivables 3.51b/3.14b, Revenue 2.73b/2.61b) |
| GMI: 0.88 (GM 46.07% / 52.42%) |
| AQI: 0.94 (AQ_t 0.34 / AQ_t-1 0.36) |
| SGI: 1.05 (Revenue 2.73b / 2.61b) |
| TATA: -0.04 (NI 521.0m - CFO 1.10b) / TA 13.6b) |
| Beneish M = -3.09 (Cap -4..+1) = AA |
As of July 07, 2026, the stock is trading at EUR 23.32 with a total of 861,025 shares traded. Over the past week, the price has changed by +4.34%, over one month by +13.47%, over three months by +39.64% and over the past year by -7.60%.
Current recommended Stop Loss: 22.30 (which is 4.4% or 1.2 ATR below the current price).
Edenred has no consensus analysts rating.
P/E Trailing = 11.2783
P/E Forward = 10.7759
P/S = 2.0298
P/EG = 1.561
Revenue TTM = 2.73b EUR
EBIT TTM = 864.0m EUR
EBITDA TTM = 1.13b EUR
Long Term Debt = 3.38b EUR (from longTermDebt, last quarter)
Short Term Debt = 1.16b EUR (from shortTermDebt, last quarter)
Debt = 4.75b EUR (from shortLongTermDebtTotal, last quarter) + Leases 119.0m
Net Debt = 3.51b EUR (calculated: Debt 4.75b - CCE 1.24b)
Enterprise Value = 9.06b EUR (5.55b + Debt 4.75b - CCE 1.24b)
Interest Coverage Ratio = 3.96 (Ebit TTM 864.0m / Interest Expense TTM 218.0m)
EV/FCF = 10.05x (Enterprise Value 9.06b / FCF TTM 901.0m)
FCF Yield = 9.95% (FCF TTM 901.0m / Enterprise Value 9.06b)
FCF Margin = 32.98% (FCF TTM 901.0m / Revenue TTM 2.73b)
Net Margin = 19.07% (Net Income TTM 521.0m / Revenue TTM 2.73b)
Gross Margin = 52.42% ((Revenue TTM 2.73b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 61.59% (prev 42.87%)
Tobins Q-Ratio = 0.67 (Enterprise Value 9.06b / Total Assets 13.6b)
Interest Expense / Debt = 4.59% (Interest Expense 218.0m / Debt 4.75b)
Taxrate = 32.70% (274.0m / 838.0m)
NOPAT = 581.5m (EBIT 864.0m * (1 - 32.70%))
Current Ratio = 0.84 (Total Current Assets 8.86b / Total Current Liabilities 10.5b)
Debt / Equity = -5.15 (negative equity) (Debt 4.75b / totalStockholderEquity, last quarter -922.0m)
Debt / EBITDA = 3.11 (Net Debt 3.51b / EBITDA 1.13b)
Debt / FCF = 3.90 (Net Debt 3.51b / FCF TTM 901.0m)
Total Stockholder Equity = -982.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.88% (Net Income 521.0m / Total Assets 13.6b)
RoE = -53.03% (negative equity) (Net Income TTM 521.0m / Total Stockholder Equity -982.5m)
RoCE = 35.96% (EBIT 864.0m / Capital Employed (Equity -982.5m + L.T.Debt 3.38b))
RoIC = 14.34% (NOPAT 581.5m / Invested Capital 4.06b)
WACC = 5.33% (E(5.55b)/V(10.3b) * Re(7.25%) + D(4.75b)/V(10.3b) * Rd(4.59%) * (1-Tc(0.33)))
Discount Rate = 7.25% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -46.67 | Cagr: -7.54%
[DCF] Terminal Value 77.97% ; FCFF base≈837.4m ; Y1≈959.9m ; Y5≈1.41b
[DCF] Fair Price = 76.53 (EV 21.3b - Net Debt 3.51b = Equity 17.8b / Shares 231.9m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 40.45 | EPS CAGR: 16.22% | SUE: 0.0 | # QB: 0
Revenue Correlation: 81.99 | Revenue CAGR: 22.30% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=2.11 | Chg30d=-0.16% | Revisions=+25% | GrowthEPS=-18.7% | GrowthRev=-1.0%
EPS next Year (2027-12-31): EPS=2.39 | Chg30d=-0.16% | Revisions=+42% | GrowthEPS=+13.6% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: +38% (up=13, down=5)