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Wendel SE
(MF)
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Rating:64Neutral
Price Target:
€83.00
▼(-4.16% Downside)
Action:Reiterated
Date:08/06/26
The score is driven mainly by strong cash generation despite volatile earnings and a debt-heavy balance sheet. Technicals are supportive with price above key moving averages and positive MACD, though momentum is close to overbought (high RSI/Stochastic). Valuation is mixed: an attractive dividend yield is offset by a negative P/E tied to losses.
Positive Factors
Resilient cash generation
Consistently positive and generally growing operating and free cash flow gives Wendel internal resources to fund operating expenses, debt service, and investments. Strong cash conversion also provides a durable buffer when reported earnings fluctuate or include non-cash valuation effects.
Negative Factors
Elevated leverage
Debt materially above equity reduces financial flexibility and makes investment-company results more sensitive to changes in portfolio performance and financing costs. High leverage can also amplify earnings swings and constrain the ability to fund new investments during weaker periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient cash generation
Consistently positive and generally growing operating and free cash flow gives Wendel internal resources to fund operating expenses, debt service, and investments. Strong cash conversion also provides a durable buffer when reported earnings fluctuate or include non-cash valuation effects.
Read all positive factors
Wendel SE (MF) vs. iShares MSCI France ETF (EWQ)
Market Cap
€3.45B
Dividend Yield6.19%
Average Volume (3M)27.83K
Price to Earnings (P/E)―
Beta (1Y)1.14
Revenue Growth-13.33%
EPS Growth6.71%
CountryFR
Employees88,439
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)-1.19
Shares Outstanding42,870,980
10 Day Avg. Volume22,386
30 Day Avg. Volume27,832
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.26
Price to Sales (P/S)0.57
P/FCF Ratio2.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€115.00Price Target Upside32.79% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.05
Revenue Forecast (FY)€7.77B
Wendel SE Business Overview & Revenue Model
Company Description
Wendel functions as an investment firm specializing in private equity, providing equity capital primarily to middle-market and later-stage companies. Its approach includes leveraged buyouts (LBOs) and other strategic acquisitions, targeting both p...
How the Company Makes Money
Wendel makes money primarily through investment returns from its portfolio of equity interests. Key earnings drivers include: (1) Dividends and other distributions received from portfolio companies, which can fund operating expenses, debt service,...
Wendel SE Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
52
Neutral
Cash Flow
76
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.90B | 7.78B | 7.34B | 7.32B | 6.75B | 7.50B |
| Gross Profit | 917.80M | 893.40M | 832.40M | 863.70M | 896.70M | 795.20M |
| EBITDA | 1.37B | 1.45B | 1.59B | 1.46B | 1.49B | 1.36B |
| Net Income | -86.60M | -151.80M | 293.90M | 142.40M | 656.30M | 1.05B |
Balance Sheet | ||||||
| Total Assets | 15.28B | 16.68B | 15.46B | 15.05B | 14.38B | 14.18B |
| Cash, Cash Equivalents and Short-Term Investments | 1.47B | 3.37B | 3.51B | 2.42B | 3.33B | 2.55B |
| Total Debt | 5.65B | 6.66B | 6.75B | 6.11B | 6.06B | 5.93B |
| Total Liabilities | 10.31B | 11.25B | 10.29B | 10.22B | 9.74B | 9.99B |
| Stockholders Equity | 3.08B | 3.52B | 3.22B | 2.68B | 2.79B | 2.60B |
Cash Flow | ||||||
| Free Cash Flow | 1.28B | 1.49B | 1.39B | 1.18B | 1.09B | 1.02B |
| Operating Cash Flow | 1.48B | 1.70B | 1.59B | 1.41B | 1.36B | 1.27B |
| Investing Cash Flow | -555.60M | -871.90M | 135.70M | -1.70B | 326.00M | -998.10M |
| Financing Cash Flow | -2.05B | -812.50M | -583.80M | -189.60M | -672.50M | -953.80M |
Wendel SE Technical Analysis
Positive
86.60
Price Trends
82.95
Negative
83.08
Negative
82.05
Positive
Market Momentum
-0.06
Negative
55.90
Neutral
92.57
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MF, the sentiment is Positive. The current price of 86.6 is above the 20-day moving average (MA) of 80.38, above the 50-day MA of 82.95, and above the 200-day MA of 82.05, indicating a neutral trend. The MACD of -0.06 indicates Negative momentum. The RSI at 55.90 is Neutral, neither overbought nor oversold. The STOCH value of 92.57 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:MF.
Wendel SE Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | €1.29B | 12.19 | 22.58% | 8.76% | -11.54% | -17.83% | |
68 Neutral | €1.99B | 431.45 | ― | 13.35% | ― | -44.31% | |
66 Neutral | €2.75B | 11.88 | 7.44% | 5.03% | 32.01% | -23.67% | |
64 Neutral | €3.45B | -69.29 | -2.62% | 6.19% | -13.33% | 6.71% | |
61 Neutral | €1.29B | 5.44 | 6.13% | 6.25% | -100.69% | 497.20% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | €3.12B | -24.58 | -1.65% | 6.24% | 18.08% | 82.50% |
* General Sector Average
FR:MF
Wendel SE
82.45
4.58
5.88%
FR:RF
Eurazeo
46.80
-9.62
-17.05%
FR:PEUG
Peugeot Invest SA
52.00
-20.01
-27.79%
FR:TKO
Tikehau Capital SCA
15.92
-1.53
-8.77%
FR:ANTIN
Antin Infrastructure Partners
7.19
-2.74
-27.62%
FR:FMONC
Financiere Moncey
107.00
5.52
5.44%
Wendel SE Corporate Events
Wendel locks in €1.14bn gain on Stahl sale as it accelerates strategic portfolio shift
Oct 1, 2026
Wendel SE has completed the sale of its stake in specialty chemicals company Stahl to Henkel for an enterprise value of €2.1 billion, following regulatory approvals. The transaction generated net proceeds of about €1.14 billion for Wen...
Wendel Sets Interim 2026 Dividend as It Accelerates Shift into Private Asset Management
Sep 18, 2026
Wendel SE, a leading European listed investment company, invests in sector-leading businesses and has expanded into private asset management for third-party clients through majority stakes in IK Partners, Monroe Capital and Committed Advisors, rea...
Wendel Updates Voting Rights as It Expands Asset Management Platform
Sep 3, 2026
Wendel SE reported that as of August 31, 2026, it had 66,276,299 shares outstanding and 62,055,736 exercisable voting rights, after excluding shares without voting rights. This updated capital and voting structure information refines investorsR...
Wendel Resumes Liquidity Contract to Support Trading in Its Shares
Aug 26, 2026
Wendel has resumed its liquidity contract with broker Oddo BHF, which had been suspended since late February 2026, and has allocated 68,273 of its own shares and €3.9 million in cash to support trading in its stock. The move is intended to e...
Wendel Updates Voting Rights Structure as Asset Management Platform Scales Up
Aug 7, 2026
Wendel SE reported updated capital and governance metrics, confirming 66,198,841 shares outstanding and a theoretical 61,936,337 voting rights as of July 31, 2026, of which 42,870,978 are exercisable after excluding non-voting shares. The disclosu...
Wendel restructures CEO exit terms as it reshapes governance and pay
Aug 3, 2026
Wendel SE has announced that Chief Executive Officer and Executive Board member David Darmon will step down from his roles on November 30, 2026, as part of a governance reshuffle decided by the Supervisory Board. In return for his commitment to re...
Wendel Completes Share Buyback Mandate as Asset Management Platform Expands
Jul 31, 2026
Wendel SE has completed a tranche of its share buyback program authorized by shareholders, repurchasing 2,427 shares on July 27, 2026 on Euronext Paris at a daily weighted average price of €81.44. These transactions mark the conclusion of th...
Wendel Reshapes Governance as CEO David Darmon to Step Down Amid Strategic Shift
Jul 30, 2026
Wendel SE has announced that Chief Executive Officer and Executive Board member David Darmon will leave his position on November 30, 2026, following a four‑month transition period. The move comes as the Supervisory Board adjusts the group...
Wendel boosts private assets platform and ramps up shareholder returns in strong H1
Jul 30, 2026
Wendel SE reported solid first-half 2026 results driven by strong growth at Wendel Investment Managers and disciplined portfolio rotation in its principal investments. Assets under management at the third-party platform rose 25% year-on-year to 48...
Wendel steps up capital return with July share buybacks
Jul 27, 2026
Wendel SE has disclosed recent share buyback activity carried out between July 20 and July 24, 2026, under a program authorized by shareholders in May 2026. Over the period, the investment group repurchased 71,937 shares across multiple European t...
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.