Added to YB: 2025-10-24
Pitch date: 2025-10-22
PLX.PA [bullish]
Pluxee N.V.
-20.33%
current return
Author Info
Chop Wood, Carry Water is a tech manager and investor searching for value-based investments. Sign up for the newsletter.
Company Info
Pluxee N.V. offers employee benefits and engagement solutions services in France, Latin America, Continental Europe, and internationally.
Market Cap
EUR 2.0B
Pitch Price
EUR 16.77
Price Target
N/A
Dividend
2.82%
EV/EBITDA
1.96
P/E
9.99
EV/Sales
0.70
Sector
Financial Services
Category
value
Pluxee N.V. SpinOff Looks Good
PLX.PA: Global employee benefits provider spun from Sodexo, competing with Edenred in duopolistic market. FY24 revenue €1.2B (+18.6% organic), 35.6% EBITDA margin, €322M FCF. Strong growth via digital innovation, M&A (Cobee, Benefício Fácil), Santander partnership. Trades 14.7x P/E vs quality fundamentals, undervalued post-spinoff but execution risk remains.
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