Is There an Opportunity in Pluxee After Its 29% Share Price Slide in 2025?

• If you are wondering whether Pluxee is a beaten down opportunity or a value trap at its current price, this is a good place to unpack what the market might be missing.
• The stock has been choppy lately, up 1.8% over the last week but still down 4.5% over 30 days and roughly 29% lower year to date. This naturally raises questions about whether sentiment has swung too far.
• Recent coverage has focused on Pluxee's standalone positioning in employee benefits and engagement solutions following its spin out, with investors reassessing how this more focused business should be valued. At the same time, commentary around competitive dynamics and digital platform adoption has added new context to why the share price has struggled even as the long term story evolves.
• Despite the weak price performance, Pluxee currently scores a 6/6 valuation check, suggesting the stock screens as undervalued across all our core metrics. Next, we will break down what those methods say, before finishing with a more holistic way to think about valuation that goes beyond the numbers.

Find out why Pluxee's -29.1% return over the last year is lagging behind its peers.

Approach 1: Pluxee Excess Returns Analysis

The Excess Returns model looks at how much profit a company can generate above the return that shareholders demand, then capitalizes those surplus profits into an intrinsic value per share.

For Pluxee, the analysis starts with a Book Value of €2.53 per share and a Stable EPS of €1.93 per share, based on weighted future Return on Equity estimates from six analysts. With an Average Return on Equity of 43.87% and a Cost of Equity of €0.35 per share, the company is expected to earn an Excess Return of €1.58 per share, meaning it is projected to generate value well above its funding cost.

The model also assumes a Stable Book Value rising to €4.39 per share over time, backed by estimates from seven analysts. Combining these inputs, the Excess Returns framework arrives at an intrinsic value of about €31.23 per share. At this level, the analysis suggests Pluxee may be trading below its estimated intrinsic value relative to its current market price.

Result: UNDERVALUED

Our Excess Returns analysis suggests Pluxee is undervalued by 57.6%. Track this in your watchlist or portfolio, or discover 910 more undervalued stocks based on cash flows.

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Pluxee.

Approach 2: Pluxee Price vs Earnings

For profitable companies like Pluxee, the price to earnings ratio is a useful way to gauge how much investors are willing to pay today for each unit of current earnings. It captures not only what the business is earning now, but also the market view on how durable and repeatable those earnings are.

In practice, higher expected growth and lower perceived risk usually justify a higher PE multiple, while slower growth or elevated risk should pull that multiple down. Pluxee currently trades on a PE of about 9.8x, which is well below both the Diversified Financial industry average of roughly 14.0x and the broader peer group at around 28.7x. On this simple comparison, the stock looks inexpensive.

Simply Wall St goes a step further with its Fair Ratio, an estimate of what PE multiple would be appropriate given Pluxee’s earnings growth outlook, industry, profit margins, market cap and risk profile. For Pluxee, this Fair Ratio is 16.8x, suggesting the shares deserve a meaningfully higher multiple than the market is currently assigning. That gap implies the stock appears undervalued on a PE basis.

Result: UNDERVALUED

PE ratios tell one story, but what if the real opportunity lies elsewhere? Discover 1457 companies where insiders are betting big on explosive growth.

Upgrade Your Decision Making: Choose your Pluxee Narrative

Earlier we mentioned that there is an even better way to understand valuation, so let us introduce you to Narratives, a simple way to connect your view of Pluxee’s story with a financial forecast and a fair value estimate on Simply Wall St’s Community page, where millions of investors share their perspectives. A Narrative is your own storyline for the company, explaining why revenue, earnings and margins might move a certain way, and then translating that view into a set of forecasts and a fair value you can compare with today’s share price to inform your decision. Because Narratives on the platform update dynamically as new information such as earnings releases, regulatory news in Brazil or France, or guidance changes come in, your fair value stays aligned with the latest data rather than a static spreadsheet. For example, one Pluxee Narrative might lean optimistic, using growth and margin assumptions closer to the higher analyst targets around €34. A more cautious Narrative might anchor nearer €17.50, and seeing where your own view fits between those bookends can clarify both your conviction and your next step.

Do you think there's more to the story for Pluxee? Head over to our Community to see what others are saying!

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com