EDEN Stock Analysis: Edenred | PA
Credit Services | PA, France | Market Cap: 6.208m EUR | 12M Return: 39.4% | FR0010908533 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 12.6M
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 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 France-based digital platform that connects companies, employees, and merchants through prepaid service and payment solutions. The company operates a B2B2C model, issuing purpose-specific vouchers and cards funded by employers and accepted at a closed network of partner merchants, which creates network effects and recurring transaction-based revenue.
The business is organized around three pillars. Employee benefits include flagship products such as Ticket Restaurant (meal vouchers), Ticket Alimentación (groceries), and gift, childcare, culture, and welfare solutions across multiple European and Latin American markets. Mobility solutions cover fuel cards, fleet management, expense control tools, and electric-vehicle charging through brands such as UTA Edenred, Ticket Fleet Pro, and Spirii. Complementary offerings include corporate payments, incentive programs, and salary card solutions.
Edenred was founded in 1962 and is headquartered in Issy-les-Moulineaux, France. It is classified within the GICS Industrials sector under Diversified Support Services, reflecting its role as a transaction-processing intermediary rather than a traditional financial or technology company.
- European meal voucher adoption accelerates digital platform transition
- Brazil fuel card volumes drive emerging market commission income
- Interest rate environment compresses prepaid float operating margin
| Net Income: 500.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.05 > 1.0 |
| NWC/Revenue: -65.86% < 20% (prev -53.49%; Δ -12.36% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.10b > Net Income 500.0m |
| Net Debt (76.0m) to EBITDA (1.11b): 0.07 < 3 |
| Current Ratio: 0.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (240.1m) vs 12m ago -8.78% < -2% |
| Gross Margin: 55.76% > 18% (prev 47.52%; Δ 8.24% > 0.5%) |
| Asset Turnover: 20.11% > 50% (prev 20.09%; Δ 0.02% > 0%) |
| Interest Coverage Ratio: 3.40 > 6 (EBIT TTM 815.0m / Interest Expense TTM 240.0m) |
| A: -0.13 (Total Current Assets 9.24b - Total Current Liabilities 11.1b) / Total Assets 14.1b |
| B: -0.12 (Retained Earnings -1.68b / Total Assets 14.1b) |
| C: 0.06 (EBIT TTM 815.0m / Avg Total Assets 13.7b) |
| D: -0.07 (Book Value of Equity -983.0m / Total Liabilities 14.9b) |
| Altman-Z'' = -0.90 = CCC |
| DSRI: 1.08 (Receivables 3.45b/3.10b, Revenue 2.75b/2.68b) |
| GMI: 0.85 (GM 47.52% / 55.76%) |
| AQI: 0.96 (AQ_t 0.33 / AQ_t-1 0.35) |
| SGI: 1.03 (Revenue 2.75b / 2.68b) |
| TATA: -0.04 (NI 500.0m - CFO 1.10b) / TA 14.1b) |
| Beneish M = -3.10 (Cap -4..+1) = AA |
As of October 05, 2026, the stock is trading at EUR 27.10 with a total of 510,737 shares traded. Over the past week, the price has changed by -1.31%, over one month by -9.06%, over three months by +17.57% and over the past year by +39.38%.
Current recommended Stop Loss: 26.20 (which is 3.3% or 1.3 ATR below the current price).
Edenred has no consensus analysts rating.
P/E Trailing = 13.1553
P/E Forward = 10.7875
P/S = 2.2543
P/EG = 1.587
Revenue TTM = 2.75b EUR
EBIT TTM = 815.0m EUR
EBITDA TTM = 1.11b EUR
Long Term Debt = 3.38b EUR (from longTermDebt, last fiscal year)
Short Term Debt = 1.42b EUR (from shortTermDebt, last quarter)
Debt = 5.01b EUR (from shortLongTermDebtTotal, last quarter) + Leases 119.0m
Net Debt = 76.0m EUR (calculated: Debt 5.01b - CCE 4.93b)
Enterprise Value = 6.28b EUR (6.21b + Debt 5.01b - CCE 4.93b)
Interest Coverage Ratio = 3.40 (Ebit TTM 815.0m / Interest Expense TTM 240.0m)
EV/FCF = 6.91x (Enterprise Value 6.28b / FCF TTM 909.0m)
FCF Yield = 14.46% (FCF TTM 909.0m / Enterprise Value 6.28b)
FCF Margin = 33.02% (FCF TTM 909.0m / Revenue TTM 2.75b)
Net Margin = 18.16% (Net Income TTM 500.0m / Revenue TTM 2.75b)
Gross Margin = 55.76% ((Revenue TTM 2.75b - Cost of Revenue TTM 1.22b) / Revenue TTM)
Gross Margin QoQ = 49.78% (prev 61.59%)
Tobins Q-Ratio = 0.45 (Enterprise Value 6.28b / Total Assets 14.1b)
Interest Expense / Debt = 4.79% (Interest Expense 240.0m / Debt 5.01b)
Taxrate = 31.96% (256.0m / 801.0m)
NOPAT = 554.5m (EBIT 815.0m * (1 - 31.96%))
Current Ratio = 0.84 (Total Current Assets 9.24b / Total Current Liabilities 11.1b)
Debt / Equity = -5.09 (negative equity) (Debt 5.01b / totalStockholderEquity, last quarter -983.0m)
Debt / EBITDA = 0.07 (Net Debt 76.0m / EBITDA 1.11b)
Debt / FCF = 0.08 (Net Debt 76.0m / FCF TTM 909.0m)
Total Stockholder Equity = -993.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 3.65% (Net Income 500.0m / Total Assets 14.1b)
RoE = -50.31% (negative equity) (Net Income TTM 500.0m / Total Stockholder Equity -993.8m)
RoCE = 34.08% (EBIT 815.0m / Capital Employed (Equity -993.8m + L.T.Debt 3.38b))
RoIC = 12.94% (NOPAT 554.5m / Invested Capital 4.28b)
WACC = 4.98% (E(6.21b)/V(11.2b) * Re(6.37%) + D(5.01b)/V(11.2b) * Rd(4.79%) * (1-Tc(0.32)))
Discount Rate = 6.37% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -80.94 | Cagr: -4.12%
[DCF] Terminal Value 77.97% ; FCFF base≈780.6m ; Y1≈894.8m ; Y5≈1.32b
[DCF] Fair Price = 86.17 (EV 19.8b - Net Debt 76.0m = Equity 19.7b / Shares 229.1m; 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: 94.10 | Revenue CAGR: 6.89% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=2.14 | Chg30d=-0.70% | Revisions=+40% | GrowthEPS=-17.3% | GrowthRev=+0.0%
EPS next Year (2027-12-31): EPS=2.44 | Chg30d=-0.92% | Revisions=+0% | GrowthEPS=+14.1% | GrowthRev=+6.2%
[Analyst] Revisions Ratio: +29% (up=3, down=1)