(WLN) Worldline - Overview
Stock: Payments, Acquiring, Processing, E-Ticketing, Digital
| Risk 5d forecast | |
|---|---|
| Volatility | 60.1% |
| Relative Tail Risk | -5.18% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.96 |
| Alpha | -90.42 |
| Character TTM | |
|---|---|
| Beta | 0.274 |
| Beta Downside | 0.665 |
| Drawdowns 3y | |
|---|---|
| Max DD | 96.84% |
| CAGR/Max DD | -0.70 |
Description: WLN Worldline January 18, 2026
Worldline SA (WLN) is a French-based provider of payments and transactional services operating across Northern, Central-Eastern, and Southern Europe as well as globally. The business is organized into three segments: Merchant Services (commercial acquiring, omnichannel acceptance, digital retail), Financial Services (issuing and acquiring processing, digital banking, account-based payments) and Mobility & e-Transactional Services (digitisation, e-ticketing, mobility solutions). The firm, originally Atos Worldline, adopted its current name in April 2014 and traces its roots to a 1973 founding in Puteaux, France.
Key recent performance indicators (FY 2023, disclosed in the latest annual report) include total revenue of €4.2 billion, an EBITDA margin of roughly 22 %, and a year-over-year transaction-volume increase of 6 %. The Merchant Services segment contributed about 55 % of revenue, while Mobility & e-Transactional Services grew fastest at 12 % YoY, reflecting rising demand for e-ticketing and mobility-as-a-service platforms.
Sector-level drivers that materially affect Worldline’s outlook are the continued rollout of Europe’s PSD2 open-banking framework, which expands the addressable market for acquiring and issuing services, and the acceleration of digital-payment adoption in both B2C and B2B contexts (e-commerce penetration in the EU is now above 85 %). Additionally, macro-economic trends such as the shift toward cash-less societies and government-backed mobility-digitisation programmes provide tailwinds for the company’s Mobility & e-Transactional segment.
Assuming Worldline can sustain its current margin profile while scaling the high-growth mobility business, the stock’s valuation may be sensitive to the pace of EU regulatory implementation and competitive pressure from fintech entrants; a slowdown in transaction-volume growth or margin compression would materially alter the upside case.
For a deeper quantitative view, you may want to explore Worldline’s metrics on ValueRay’s platform.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: -5.41b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.04 > 0.02 and ΔFCF/TA -1.19 > 1.0 |
| NWC/Revenue: 4.98% < 20% (prev 6.09%; Δ -1.12% < -1%) |
| CFO/TA 0.08 > 3% & CFO 1.21b > Net Income -5.41b |
| Net Debt (2.12b) to EBITDA (39.3m): 54.06 < 3 |
| Current Ratio: 1.06 > 1.5 & < 3 |
| Outstanding Shares: last quarter (280.2m) vs 12m ago -5.06% < -2% |
| Gross Margin: 53.22% > 18% (prev 0.50%; Δ 5272 % > 0.5%) |
| Asset Turnover: 49.88% > 50% (prev 31.85%; Δ 18.03% > 0%) |
| Interest Coverage Ratio: -7.19 > 6 (EBITDA TTM 39.3m / Interest Expense TTM 142.9m) |
Altman Z'' -0.72
| A: 0.03 (Total Current Assets 7.88b - Total Current Liabilities 7.42b) / Total Assets 15.93b |
| B: -0.12 (Retained Earnings -1.89b / Total Assets 15.93b) |
| C: -0.06 (EBIT TTM -1.03b / Avg Total Assets 18.45b) |
| D: -0.14 (Book Value of Equity -1.56b / Total Liabilities 11.00b) |
| Altman-Z'' Score: -0.72 = B |
Beneish M -3.74
| DSRI: 0.57 (Receivables 677.9m/856.0m, Revenue 9.20b/6.68b) |
| GMI: 0.94 (GM 53.22% / 50.29%) |
| AQI: 0.73 (AQ_t 0.47 / AQ_t-1 0.64) |
| SGI: 1.38 (Revenue 9.20b / 6.68b) |
| TATA: -0.42 (NI -5.41b - CFO 1.21b) / TA 15.93b) |
| Beneish M-Score: -3.74 (Cap -4..+1) = AAA |
What is the price of WLN shares?
Over the past week, the price has changed by -9.21%, over one month by -16.22%, over three months by -30.43% and over the past year by -84.11%.
Is WLN a buy, sell or hold?
What are the forecasts/targets for the WLN price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 2.3 | 73.8% |
| Analysts Target Price | - | - |
| ValueRay Target Price | 0.7 | -50% |
WLN Fundamental Data Overview February 03, 2026
P/E Forward = 1.7727
P/S = 0.0842
P/B = 0.1013
P/EG = 0.2238
Revenue TTM = 9.20b EUR
EBIT TTM = -1.03b EUR
EBITDA TTM = 39.3m EUR
Long Term Debt = 2.74b EUR (from longTermDebt, last quarter)
Short Term Debt = 959.6m EUR (from shortTermDebt, last quarter)
Debt = 3.97b EUR (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.12b EUR (from netDebt column, last quarter)
Enterprise Value = 4.13b EUR (383.0m + Debt 3.97b - CCE 220.2m)
Interest Coverage Ratio = -7.19 (Ebit TTM -1.03b / Interest Expense TTM 142.9m)
EV/FCF = 6.46x (Enterprise Value 4.13b / FCF TTM 640.2m)
FCF Yield = 15.49% (FCF TTM 640.2m / Enterprise Value 4.13b)
FCF Margin = 6.95% (FCF TTM 640.2m / Revenue TTM 9.20b)
Net Margin = -58.81% (Net Income TTM -5.41b / Revenue TTM 9.20b)
Gross Margin = 53.22% ((Revenue TTM 9.20b - Cost of Revenue TTM 4.31b) / Revenue TTM)
Gross Margin QoQ = 63.30% (prev 43.36%)
Tobins Q-Ratio = 0.26 (Enterprise Value 4.13b / Total Assets 15.93b)
Interest Expense / Debt = 1.40% (Interest Expense 55.7m / Debt 3.97b)
Taxrate = 25.0% (EU avg default 25%)
NOPAT = -770.2m (EBIT -1.03b * (1 - 25.00%)) [loss with tax shield]
Current Ratio = 1.06 (Total Current Assets 7.88b / Total Current Liabilities 7.42b)
Debt / Equity = 1.00 (Debt 3.97b / totalStockholderEquity, last quarter 3.98b)
Debt / EBITDA = 54.06 (Net Debt 2.12b / EBITDA 39.3m)
Debt / FCF = 3.32 (Net Debt 2.12b / FCF TTM 640.2m)
Total Stockholder Equity = 7.34b (last 4 quarters mean from totalStockholderEquity)
RoA = -29.34% (Net Income -5.41b / Total Assets 15.93b)
RoE = -73.76% (Net Income TTM -5.41b / Total Stockholder Equity 7.34b)
RoCE = -10.19% (EBIT -1.03b / Capital Employed (Equity 7.34b + L.T.Debt 2.74b))
RoIC = -6.94% (negative operating profit) (NOPAT -770.2m / Invested Capital 11.10b)
WACC = 1.57% (E(383.0m)/V(4.35b) * Re(6.93%) + D(3.97b)/V(4.35b) * Rd(1.40%) * (1-Tc(0.25)))
Discount Rate = 6.93% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -0.44%
[DCF Debug] Terminal Value 83.04% ; FCFF base≈821.1m ; Y1≈622.6m ; Y5≈379.0m
Fair Price DCF = 34.09 (EV 11.75b - Net Debt 2.12b = Equity 9.63b / Shares 282.5m; r=5.90% [WACC]; 5y FCF grow -28.67% → 2.90% )
EPS Correlation: -45.64 | EPS CAGR: -0.56% | SUE: 0.0 | # QB: 0
Revenue Correlation: 33.86 | Revenue CAGR: 9.95% | SUE: 1.12 | # QB: 1
EPS next Year (2026-12-31): EPS=0.98 | Chg30d=-0.014 | Revisions Net=-1 | Growth EPS=-3.5% | Growth Revenue=-3.2%