Added to YB: 2025-11-26
Pitch date: 2025-11-24
EDEN.PA [neutral]
Edenred SE
+19.25%
current return
Author Info
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Company Info
Edenred SE operates as a digital platform for services and payments for companies, employees, and merchants worldwide.
Market Cap
EUR 5.0B
Pitch Price
EUR 18.70
Price Target
N/A
Dividend
6.27%
EV/EBITDA
5.49
P/E
10.00
EV/Sales
2.32
Sector
Financial Services
Category
turnaround
Heavy Moat Investments | November Valuation update - Edenred SE
EDEN.PA (update): Shares crashed on Brazil reg changes (3.6% fee cap vs 5% Italy) threatening meal voucher profitability despite strong Q3. Author cut assumptions: 3-8% rev CAGR (vs 4-10%), flat margins from Brazil offset by OpEx leverage elsewhere, 8-12x exit multiple. Still expects 31% IRR + 10%+ yield.
Read full article (2 min)