Edenred: Solid Performance In The Face Of Growing Headwinds
Source: SeekingAlpha
2025-04-17 15:57:25 ET
Summary
- Q1 revenue growth was 7.1% on a like-for-like basis, helped by strong growth in its Beyond Food and Beyond Fuel segments.
- I expect mid-single digit organic earnings growth in the medium term, with additional upside potential from acquisitions.
- Shares are attractively valued at 7.9 times FCF, representing a large discount versus relevant peers.
- Management is returning capital to shareholders through dividends and repurchases.
- While I acknowledge the challenging environment that the business faces this year, I am maintaining my Buy rating on the stock.
Investment thesis
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Edenred: Solid Performance In The Face Of Growing Headwinds
Edenred SE
NASDAQ: EDNMF
EDNMF Trading
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