EDENRED (EDEN) AI Stock Analysis

EDENRED

(Paris:EDEN)

Select Model

Rating:65.25Neutral

Price Target:EUR 26.00▲(8.02% Upside)

Action:downgraded

Date:09/20/26

The score is primarily held back by balance sheet risk (high leverage and negative equity) despite strong profitability and solid cash generation. Technicals are neutral-to-soft in the near term (below 20DMA with mixed momentum), while valuation is supportive with a moderate P/E and a strong dividend yield.

Positive Factors

Cash GenerationConsistently positive operating and free cash flow, with 2025 free cash flow meaningfully above prior years, indicates earnings are converting into internally generated funding. That supports reinvestment and resilience, although leverage remains a constraint.

Negative Factors

Leverage and Negative EquityElevated leverage and negative equity across all years make the capital structure fragile in stress scenarios. This reduces financial flexibility, increases sensitivity to earnings or cash-flow setbacks, and can constrain investment or shareholder distributions even while the business remains profitable.

EDENRED (EDEN) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 5.69B
Dividend Yield: 5.53%
Average Volume (3M): 495.76K
Price to Earnings (P/E): 11.3
Beta (1Y): 0.92
Revenue Growth: 2.84%
EPS Growth: 1.37%
Country: France
Employees: 12,102
Sector: General
Sector Strength: 55
Industry: Financial - Credit Services

EDENRED Business Overview & Revenue Model

Company Description

Edenred S.A. provides an extensive portfolio of transaction-based services tailored for businesses, their employees, and merchants globally. The company's core offerings include various employee welfare benefits, such as meal and food vouchers (e.g.,...

How the Company Makes Money

Edenred primarily makes money by operating closed- or semi-closed-loop payment ecosystems that connect corporate clients (employers and fleet operators), end users (employees or drivers), and acceptance partners (merchants, fuel stations, mobility ne...

EDENRED Financial Statement Overview

Summary

Operating performance is strong (Income Statement score 82) with solid multi-year revenue growth and healthy profitability, and cash generation is consistently positive (Cash Flow score 74). However, the balance sheet is a major risk (Balance Sheet score 34) due to elevated leverage and persistently negative equity, which reduces financial flexibility and raises downside risk.

Income Statement

82Very Positive

Balance Sheet

34Negative

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.75B	2.73B	2.86B	2.31B	1.94B	1.58B
Gross Profit	1.53B	1.43B	1.71B	952.00M	1.05B	823.00M
EBITDA	1.09B	1.15B	1.17B	863.00M	751.00M	628.00M
Net Income	500.00M	521.00M	507.00M	267.00M	386.00M	313.00M
Balance Sheet
Total Assets	14.06B	13.57B	13.27B	13.29B	11.17B	10.32B
Cash, Cash Equivalents and Short-Term Investments	4.93B	3.58B	3.03B	3.35B	5.14B	5.11B
Total Debt	4.89B	4.63B	4.54B	4.20B	3.04B	3.48B
Total Liabilities	14.92B	14.39B	14.07B	13.86B	11.79B	11.19B
Stockholders Equity	-983.00M	-922.00M	-908.00M	-679.00M	-718.00M	-953.00M
Cash Flow
Free Cash Flow	909.00M	901.00M	812.00M	862.00M	587.00M	269.00M
Operating Cash Flow	1.10B	1.10B	1.03B	1.05B	738.00M	383.00M
Investing Cash Flow	-232.00M	-212.00M	-704.00M	-1.23B	-211.00M	-180.00M
Financing Cash Flow	-1.12B	-671.00M	-39.00M	147.00M	-828.00M	-57.00M

EDENRED Technical Analysis

Technical Analysis SentimentNegative

Last Price24.07

Price Trends

50DMA28.21Negative

100DMA26.94Negative

200DMA22.65Positive

Market Momentum

MACD-1.04Positive

RSI28.52Positive

STOCH9.06Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:EDEN, the sentiment is Negative. The current price of 24.07 is below the 20-day moving average (MA) of 27.26, below the 50-day MA of 28.21, and above the 200-day MA of 22.65, indicating a neutral trend. The MACD of -1.04 indicates Positive momentum. The RSI at 28.52 is Positive, neither overbought nor oversold. The STOCH value of 9.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:EDEN.

EDENRED Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FR:EDEN against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:SOP	77Outperform	EUR 3.71B	12.28	14.45%	2.77%	1.62%	12.95%
FR:TEP	74Outperform	EUR 4.81B	10.07	11.19%	5.60%	-3.33%	-1.75%
FR:EDEN	65Neutral	EUR 5.69B	11.30	-52.49%	5.53%	2.84%	1.37%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:SW	55Neutral	EUR 8.57B	28.17	8.26%	4.61%	-0.46%	-56.16%
FR:WLN	47Neutral	EUR 559.11M	-0.07	-28.58%	―	-18.15%	77.92%
FR:ATO	42Neutral	EUR 547.03M	-0.45	117.34%	―	-14.39%	-173.10%

* General Sector Average

Performance Comparison

FR:EDEN and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:EDEN	EDENRED SA	24.07	0.09	0.38%
FR:ATO	Atos SE	27.46	-22.24	-44.75%
FR:SW	Sodexo	58.60	13.63	30.31%
FR:SOP	Sopra Steria	191.10	64.46	50.90%
FR:TEP	Teleperformance SE	80.30	23.54	41.47%
FR:WLN	Worldline SA	9.85	-13.14	-57.16%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 20, 2026

EDENRED AI Stock Analysis