Sodexo

SW: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lowering Our Fair Value to EUR 56 on Poor Execution and Increased North American Competition

Ben Slupecki

Dec 5, 2025

Business Strategy and Outlook

Sodexo Group is a global food service provider that also offers facility management services. Food services is its largest division, contributing 65% of group revenue. Sodexo’s largest operations are in North America (53% of operating profit), but it also holds notable operations in Europe (30%) and the rest of the world.

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How we make money

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters.

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To learn more about how we handle and protect your data, visit our privacy center.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.

Read our editorial policy to learn more about our process.

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Sodexo

Lowering Our Fair Value to EUR 56 on Poor Execution and Increased North American Competition

Business Strategy and Outlook

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