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Rexel SA
(RXL)
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Rating:61Neutral
Price Target:
€34.00
▼(-6.59% Downside)
Action:Reiterated
Date:08/02/26
The score is driven primarily by solid but not top-tier financial performance (profitability recovery and steady free cash flow, offset by a rising leverage trend). Technicals weigh on the result because the stock is trading below its 20- and 50-day moving averages. Valuation is supportive with a mid-range P/E and ~3.35% dividend yield.
Positive Factors
Strong Free Cash Flow
Consistently positive free cash flow and reasonable conversion from earnings demonstrate that Rexel’s distribution model generates cash, supporting reinvestment, debt service, and shareholder returns. This provides financial resilience over the next several quarters despite working-capital sensitivity.
Negative Factors
Rising Leverage
The sustained increase in debt relative to equity reduces balance-sheet flexibility and leaves less capacity to absorb cyclical weakness or fund expansion internally. Higher leverage also makes sustained cash discipline important because operating cash flow covers only a modest share of total debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Free Cash Flow
Consistently positive free cash flow and reasonable conversion from earnings demonstrate that Rexel’s distribution model generates cash, supporting reinvestment, debt service, and shareholder returns. This provides financial resilience over the next several quarters despite working-capital sensitivity.
Read all positive factors
Rexel SA (RXL) vs. iShares MSCI France ETF (EWQ)
Market Cap
€10.38B
Dividend Yield3.57%
Average Volume (3M)729.06K
Price to Earnings (P/E)14.8
Beta (1Y)1.24
Revenue Growth1.02%
EPS Growth171.38%
CountryFR
Employees26,395
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)2.28
Shares Outstanding311,385,740
10 Day Avg. Volume765,766
30 Day Avg. Volume729,057
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)1.84
Price to Sales (P/S)0.51
P/FCF Ratio15.24
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€41.89Price Target Upside15.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)2.54
Revenue Forecast (FY)€20.79B
Rexel SA Business Overview & Revenue Model
Company Description
Headquartered in Paris, France, Rexel S.A. is a global leader in the distribution of electrical products and services. The company caters to a wide array of energy markets worldwide, encompassing residential, commercial, and industrial sectors. It...
How the Company Makes Money
Rexel primarily makes money by distributing electrical products sourced from manufacturers and selling them to professional customers (e.g., electrical contractors, installers, maintenance teams, and industrial clients). Revenue is mainly generate...
Rexel SA Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.63B | 19.41B | 19.29B | 19.15B | 18.70B | 14.69B |
| Gross Profit | 4.94B | 4.87B | 4.80B | 4.51B | 4.87B | 3.87B |
| EBITDA | 1.59B | 1.49B | 1.32B | 1.60B | 1.70B | 1.20B |
| Net Income | 668.80M | 588.90M | 339.10M | 774.70M | 922.30M | 597.20M |
Balance Sheet | ||||||
| Total Assets | 15.78B | 14.37B | 14.41B | 13.65B | 12.91B | 11.55B |
| Cash, Cash Equivalents and Short-Term Investments | 1.03B | 1.04B | 883.30M | 912.70M | 895.40M | 573.50M |
| Total Debt | 5.89B | 5.09B | 4.73B | 4.18B | 3.55B | 3.30B |
| Total Liabilities | 10.26B | 8.96B | 8.84B | 8.12B | 7.63B | 6.99B |
| Stockholders Equity | 5.51B | 5.39B | 5.56B | 5.53B | 5.28B | 4.56B |
Cash Flow | ||||||
| Free Cash Flow | 794.60M | 650.30M | 744.80M | 783.90M | 708.70M | 608.30M |
| Operating Cash Flow | 937.00M | 795.80M | 876.90M | 942.10M | 840.10M | 717.60M |
| Investing Cash Flow | -592.60M | -400.70M | -565.40M | -709.30M | -182.10M | -542.30M |
| Financing Cash Flow | 262.90M | -215.70M | -363.60M | -200.80M | -286.60M | -299.70M |
Rexel SA Technical Analysis
Negative
36.40
Price Trends
35.27
Negative
36.34
Negative
35.62
Negative
Market Momentum
-0.86
Positive
47.52
Neutral
35.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:RXL, the sentiment is Negative. The current price of 36.4 is above the 20-day moving average (MA) of 33.91, above the 50-day MA of 35.27, and above the 200-day MA of 35.62, indicating a bearish trend. The MACD of -0.86 indicates Positive momentum. The RSI at 47.52 is Neutral, neither overbought nor oversold. The STOCH value of 35.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:RXL.
Rexel SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | €7.53B | 22.94 | 3.31% | 0.99% | 3.69% | 98.88% | |
65 Neutral | €9.66B | 8.90 | 13.97% | 4.81% | 5.42% | 7.59% | |
63 Neutral | €15.81B | 12.51 | 9.79% | 5.13% | -1.41% | 17.79% | |
61 Neutral | €10.38B | 14.75 | 12.27% | 3.57% | 1.02% | 171.38% | |
60 Neutral | €5.14B | 61.57 | -2.71% | 2.47% | -12.95% | -145.02% | |
57 Neutral | €7.12B | 42.04 | 14.23% | 2.62% | 3.06% | 47.94% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:RXL
Rexel SA
33.64
5.20
18.30%
FR:ALO
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16.29
-5.84
-26.38%
FR:EN
Bouygues
40.90
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5.61%
FR:FGR
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99.70
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-3.81%
FR:NEX
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117.60
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-0.62%
FR:SPIE
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42.04
-3.32
-7.32%
Rexel SA Corporate Events
Rexel lifts 2026 targets as U.S. data center boom powers strongest sales growth since 2022
Oct 22, 2026
Rexel reported third‑quarter 2026 sales of €5.45bn, up 11.4% on a constant‑day basis and 14.6% on a reported basis, marking its strongest quarterly growth since 2022 and driven by robust demand in North America, particularly the ...
Rexel Reports Share Count and Voting Rights as of 1 October 2026
Oct 13, 2026
Rexel SA has reported the total number of shares and voting rights as of 1 October 2026, in line with French commercial and financial regulations. The company states that it has 311,385,744 shares outstanding.Rexel indicates that the number of the...
Rexel Updates Share Count and Voting Rights as of September 30, 2026
Oct 9, 2026
Rexel SA reported that as of September 30, 2026, the company had 296,997,254 shares outstanding and an equal number of theoretical voting rights, reflecting its current capital structure. After excluding treasury shares that do not carry voting ri...
Rexel Raises €500 Million in Equity to Support GCG Acquisition
Sep 29, 2026
Rexel has completed a €500 million capital increase via an accelerated bookbuilding of 14,388,490 new shares, issued without preferential subscription rights at €34.75 per share, a discount of around 1% to the previous closing price. T...
Rexel launches €500m capital increase to fund GCG acquisition and protect leverage
Sep 28, 2026
Rexel has launched a roughly €500 million capital increase via an accelerated bookbuild of new shares without preferential subscription rights, aimed at partially funding its acquisition of U.S.-based GCG, a specialty wire, cable, connectivi...
Rexel to buy U.S. infrastructure specialist GCG in $1.4bn deal to boost growth and margins
Sep 25, 2026
Rexel has agreed to acquire GCG, a Chicago-based distributor of specialty cables and infrastructure solutions, in a USD 1.4bn enterprise value deal that will add around USD 1.1bn of revenue and markedly expand its U.S. footprint. The transaction s...
Rexel Updates Share Count and Voting Rights as of August 31, 2026
Sep 4, 2026
Rexel SA has reported its capital structure as of August 31, 2026, confirming a total of 296,997,254 shares outstanding in accordance with French regulatory disclosure requirements.The company also detailed its voting rights, with 296,997,254 theo...
Rexel Updates Investors on Share Capital and Voting Rights as of July 31, 2026
Aug 5, 2026
Rexel SA disclosed its share capital and voting rights as of July 31, 2026, reporting a total of 296,997,254 shares outstanding. The group also indicated a theoretical number of voting rights equal to the number of shares and an exercisable voting...
Rexel Strengthens Board With Appointment of Former Iberdrola CEO as Observer
Jul 27, 2026
Rexel’s Board of Directors has appointed former Iberdrola chief executive Armando Martínez as an observer, with the intention of proposing his full board membership at the 2027 shareholders’ meeting. In this consultative role, Mar...
Rexel lifts 2026 targets as data centers and electrification power H1 growth
Jul 27, 2026
Rexel reported first-half 2026 sales of €9.99 billion, up 5.1% on a constant-day basis, with second-quarter growth accelerating to 6.7% and positive volume trends in all regions. The group’s adjusted EBITA margin improved about 40 basi...
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.