Added to YB: 2026-06-03
Pitch date: 2026-04-04
EDNMY [bearish]
Edenred SE
-32.89%
current return
Author Info
No bio for this author
Company Info
Edenred SE operates as a digital platform for services and payments for companies, employees, and merchants worldwide.
Market Cap
EUR 5.5B
Pitch Price
EUR 17.38
Price Target
N/A
Dividend
5.71%
EV/EBITDA
5.92
P/E
10.98
EV/Sales
2.50
Sector
Financial Services
Category
value
Edenred SE - $EDNMY (short)
EDNMY (short): Mispriced as a payments compounder but is a policy-driven toll collector reliant on tax subsidies, voucher schemes, merchant fees & float. Italy 5% cap & Brazil 3.6% MDR + 14-day settlement already hit margins/float; France/EU/Mexico next. Float flatters EPS/FCF; leverage understated netting restricted cash. EV ~€9B, €5.5B debt overprices sustainable EBITDA. Re-rates lower toward regulated utility. Risk: slow contagion, high rates.
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