ENXTPA:EDEN

Stock Analysis Report

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Executive Summary

Edenred SA provides transactional solutions for companies, employees, and merchants worldwide. More Details


Snowflake Analysis

Average dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has Edenred's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: EDEN has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-3.1%

EDEN

-3.7%

FR IT

-1.3%

FR Market


1 Year Return

-7.2%

EDEN

7.4%

FR IT

-7.5%

FR Market

Return vs Industry: EDEN underperformed the French IT industry which returned 7.2% over the past year.

Return vs Market: EDEN matched the French Market which returned -6.4% over the past year.


Shareholder returns

EDENIndustryMarket
7 Day-3.1%-3.7%-1.3%
30 Day1.2%-3.7%2.9%
90 Day-7.3%-2.4%-1.4%
1 Year-5.5%-7.2%8.1%7.4%-5.5%-7.5%
3 Year83.1%70.7%9.2%-1.8%5.9%-3.2%
5 Year178.9%140.7%75.6%54.7%30.8%11.4%

Price Volatility Vs. Market

How volatile is Edenred's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Edenred undervalued compared to its fair value and its price relative to the market?

37.02x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: EDEN (€40.67) is trading above our estimate of fair value (€27.59)

Significantly Below Fair Value: EDEN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: EDEN is poor value based on its PE Ratio (37x) compared to the FR IT industry average (19.3x).

PE vs Market: EDEN is poor value based on its PE Ratio (37x) compared to the French market (18.5x).


Price to Earnings Growth Ratio

PEG Ratio: EDEN is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: EDEN has negative assets, so we can't compare its PB Ratio to the FR IT industry average.


Next Steps

Future Growth

How is Edenred forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

14.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: EDEN's forecast earnings growth (14.4% per year) is above the savings rate (0.6%).

Earnings vs Market: EDEN's earnings (14.4% per year) are forecast to grow slower than the French market (23.6% per year).

High Growth Earnings: EDEN's earnings are forecast to grow, but not significantly.

Revenue vs Market: EDEN's revenue (9.5% per year) is forecast to grow faster than the French market (6.7% per year).

High Growth Revenue: EDEN's revenue (9.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: EDEN's Return on Equity is forecast to be high in 3 years time (39.6%)


Next Steps

Past Performance

How has Edenred performed over the past 5 years?

12.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: EDEN has high quality earnings.

Growing Profit Margin: EDEN's current net profit margins (17.8%) are lower than last year (19.2%).


Past Earnings Growth Analysis

Earnings Trend: EDEN's earnings have grown by 12.3% per year over the past 5 years.

Accelerating Growth: EDEN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: EDEN had negative earnings growth (-3.7%) over the past year, making it difficult to compare to the IT industry average (-2.1%).


Return on Equity

High ROE: EDEN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is Edenred's financial position?


Financial Position Analysis

Short Term Liabilities: EDEN has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: EDEN has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: EDEN has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: EDEN's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: EDEN's debt is not well covered by operating cash flow (16.6%).

Interest Coverage: EDEN's interest payments on its debt are well covered by EBIT (32.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Edenred current dividend yield, its reliability and sustainability?

1.72%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: EDEN's dividend (1.72%) is higher than the bottom 25% of dividend payers in the French market (1.54%).

High Dividend: EDEN's dividend (1.72%) is low compared to the top 25% of dividend payers in the French market (5.21%).


Stability and Growth of Payments

Stable Dividend: EDEN's dividend payments have been volatile in the past 10 years.

Growing Dividend: EDEN's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (63.7%), EDEN's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EDEN's dividends in 3 years are forecast to be covered by earnings (53.1% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.9yrs

Average management tenure


CEO

Bertrand Dumazy (49 yo)

5yrs

Tenure

€4,123,280

Compensation

Mr. Bertrand Dumazy, CA has been the Chief Executive Officer of Edenred SA since October 26, 2015. Mr. Dumazy serves as Director of Neoen S.A. Mr. Dumazy has been a Director of Edenred SA since October 26, ...


CEO Compensation Analysis

Compensation vs Market: Bertrand's total compensation ($USD4.89M) is about average for companies of similar size in the French market ($USD4.00M).

Compensation vs Earnings: Bertrand's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bertrand Dumazy
Chairman & CEO5yrs€4.12m0.082%
€ 8.2m
Jean-Bernard Hamel
Senior VP of Treasury & Financing and Employee Representative Director2.33yrs€15.07k0.0032%
€ 324.9k
Patrick Bataillard
Executive Vice President of Finance4.92yrsno datano data
Solène Zammito
Financial Communication & Investor Relations Directorno datano datano data
Philippe Relland-Bernard
Executive Vice-President of Legal & Regulatory Affairs4.5yrsno datano data
Marie-Laurence Bouchon
Executive Vice-President of Communications1.25yrsno datano data
Patrick Rouvillois
Executive Vice President of Marketing0.75yrno datano data
Jacques Adoue
Executive Vice President of Human Resources & Corporate Social Responsibility3.25yrsno datano data
Arnaud Erulin
Chief Operating Officer of Europe11.75yrsno datano data
Philippe Dufour
Executive Vice President of Alternative Investments8.5yrsno datano data
Gilles Coccoli
Chief Operating Officer of Americas7.25yrsno datano data
Antoine Dumurgier
Chief Operating Officer of Fleet & Mobility Solutions4.08yrsno datano data

4.9yrs

Average Tenure

51yo

Average Age

Experienced Management: EDEN's management team is considered experienced (4.9 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bertrand Dumazy
Chairman & CEO5yrs€4.12m0.082%
€ 8.2m
Jean-Bernard Hamel
Senior VP of Treasury & Financing and Employee Representative Director2.33yrs€15.07k0.0032%
€ 324.9k
Gabriele di Genola e Suniglia
Independent Director10.33yrs€57.80k0.00021%
€ 21.0k
Jean-Paul Bailly
Independent Director10.33yrs€80.27k0.00025%
€ 25.0k
Dominique D'Hinnin
Independent Director3.33yrs€60.24k0.00021%
€ 21.0k
Jean-Romain Lhomme
Independent Director7yrs€52.74k0.00020%
€ 20.0k
Françoise Gri
Vice-Chairman of the Board & Lead Independent Director3.42yrs€80.30k0.00079%
€ 79.0k
Anne Bouverot
Independent Director10.33yrs€45.14k0.00042%
€ 42.0k
Sylvia Coutinho
Independent Director4.58yrs€57.80k0.00020%
€ 20.0k
Graziella Gavezotti
Employee Representative Director0.75yrno datano data
Maëlle Gavet
Independent Director6.42yrs€41.34k0.00020%
€ 20.0k
Alexandre De Juniac
Director0.42yrno datano data

4.8yrs

Average Tenure

59yo

Average Age

Experienced Board: EDEN's board of directors are considered experienced (4.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Edenred SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Edenred SA
  • Ticker: EDEN
  • Exchange: ENXTPA
  • Founded: 1954
  • Industry: Data Processing and Outsourced Services
  • Sector: Software
  • Market Cap: €9.997b
  • Shares outstanding: 245.82m
  • Website: https://www.edenred.com

Number of Employees


Location

  • Edenred SA
  • Immeuble Columbus
  • 178-180 Boulevard Gabriel Péri
  • Malakoff
  • Ile-de-France
  • 92245
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
EDENENXTPA (Euronext Paris)YesOrdinary SharesFREURJul 2010
QSVDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJul 2010
0MUMLSE (London Stock Exchange)YesOrdinary SharesGBEURJul 2010
EDNM.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 2010
EDENPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJul 2010
EDENWBAG (Wiener Boerse AG)YesOrdinary SharesATEURJul 2010
QSVETLX (Eurotlx)YesOrdinary SharesITEURJul 2010
EDNM.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDJul 2013

Biography

Edenred SA provides transactional solutions for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, Ticket Alimentación, Ticket Plus, Nutrisavi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 22:04
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.