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Edenred SE EDEN

Morningstar Rating
€45.32 −0.27 (0.59%)
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Company Report

Edenred Earnings: Wide-Moat Edenred Motors Into 2024

Wide-moat Edenred produced a strong start to 2024, despite investors’ concerns over the last few months that have sent the share price tumbling. Organic revenue growth was north of 20% in the first quarter, which, even stripping for interest income, came to almost 17%—a solid result. Management is sticking with its previous full-year guidance, and we maintain our EUR 76 fair value estimate. We see the shares as attractive from here.

Price vs Fair Value

EDEN is trading at a 720% premium.
Price
€45.59
Fair Value
€95.00
Uncertainty
Medium
1-Star Price
€685.40
5-Star Price
€84.10
Economic Moat
Hbvb
Capital Allocation
Kdxcrlyjg

Bulls Say, Bears Say

Bulls

Edenred's programs center on providing for basic needs, which insulates the company from economic cycles.

Bears

About half of Edenred's volume is generated in France and Brazil. This concentration exposes the company to meaningful risk if tax laws are changed in these countries.

Is it the right time to buy, sell, or hold?
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Trading Information

Previous Close Price
€45.59
Day Range
€45.2546.00
52-Week Range
€41.3762.40
Bid/Ask
€45.31 / €45.33
Market Cap
€11.22 Bil
Volume/Avg
72,004 / 684,526

Key Statistics

Price/Earnings (Normalized)
39.75
Price/Sales
4.80
Dividend Yield (Trailing)
2.19%
Dividend Yield (Forward)
2.41%
Total Yield
2.42%

Company Profile

Edenred is a France-listed prepaid corporate services provider operating in more than 40 countries. The company was listed in 2010 following a spinoff from hotel group Accor. Edenred's main business, Ticket Restaurant, offers prepaid meal vouchers that employers provide to their employees as an additional benefit. The company is also involved in other areas such as prepaid fuel cards and payment and expense-management systems.
Sector
Financial Services
Industry
Credit Services
Stock Style Box
Mid Growth
Total Number of Employees
11,233

Competitors

Valuation

Metric
EDEN
SW
Price/Earnings (Normalized)
39.7517.89
Price/Book Value
2.86
Price/Sales
4.800.56
Price/Cash Flow
17.5512.97
Price/Earnings
EDEN
SW

Financial Strength

Metric
EDEN
SW
Quick Ratio
0.691.11
Current Ratio
0.921.22
Interest Coverage
5.65
Quick Ratio
EDEN
SW

Profitability

Metric
EDEN
SW
Return on Assets (Normalized)
2.87%5.08%
Return on Equity (Normalized)
22.19%
Return on Invested Capital (Normalized)
10.29%9.76%
Return on Assets
EDEN
SW
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