Wendel SE (MF) AI Stock Analysis

• Market Cap: €3.11B
• Dividend Yield: 7.66%
• Average Volume (3M): 51.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.02
• Revenue Growth: 9.86%
• EPS Growth: -118.70%
• Country: FR
• Employees: 92,426
• Sector: N/A
• Sector Strength: N/A
• Industry: Asset Management
• EPS (TTM): -3.68
• Shares Outstanding: 42,823,536
• 10 Day Avg. Volume: 42,024
• 30 Day Avg. Volume: 51,991
• PEG Ratio: 0.21
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 0.58
• P/FCF Ratio: 2.97
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €102.33
• Price Target Upside: 26.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: €82.00 ▲(1.42% Upside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is driven primarily by solid cash-flow resilience, but is held back by a debt-heavy balance sheet and volatile net income. Technical indicators are bearish, and valuation is pressured by an extremely high P/E despite the strong dividend yield.

Wendel SE Business Overview & Revenue Model

Company Description

Wendel SE (MF) is a leading investment firm based in France, focusing on long-term investments in various sectors including healthcare, technology, and industrials. The company actively manages a diversified portfolio, participating in both private equity and infrastructure investments. Wendel is known for its commitment to value creation through operational improvements and strategic support for its portfolio companies, which include well-established firms as well as high-growth enterprises.

How the Company Makes Money

Wendel SE generates revenue primarily through its investments in private equity and infrastructure. The company earns management fees from its funds and receives a share of the profits generated by its portfolio companies, known as carried interest. Key revenue streams include dividends from its equity holdings, capital gains from the sale of investments, and advisory services provided to its portfolio companies. Wendel also benefits from strategic partnerships with other investment firms and institutional investors, allowing it to leverage additional capital for its investments. Moreover, the company focuses on acquiring and nurturing businesses that have strong growth potential, further enhancing its earnings through operational improvements and market expansion.

Wendel SE Financial Statement Overview

Summary

Cash flow is a clear strength (consistently positive and growing free cash flow), but the overall financial profile is constrained by elevated leverage (debt well above equity) and meaningful earnings volatility, including a return to net loss in 2025.

Income Statement

Revenue has been volatile, including a sharp decline in 2023 followed by an outsized rebound in 2025, which reduces visibility. Profitability is mixed: operating profit has been relatively steady, but net income swung from strong profit (2021) to losses (2020 and 2025), pointing to meaningful below-operating-line volatility. Margins were solid in 2023–2024 but the return to a net loss in 2025 weighs on overall quality of earnings.

Balance Sheet

Leverage remains elevated, with debt consistently exceeding equity by a wide margin (debt-to-equity above ~2x in recent years, and higher in 2020). Equity has improved versus earlier years, but the capital structure is still debt-heavy, which can amplify earnings swings. Total assets have grown, yet the combination of high leverage and variable profitability increases balance-sheet risk.

Cash Flow

Cash generation is a clear strength: operating cash flow and free cash flow have been consistently positive and generally growing over time, with solid free-cash-flow growth in 2024 and 2025. Cash conversion looks healthy as free cash flow has been substantial relative to reported earnings in years provided, helping offset net income volatility. The main watch-out is that operating cash flow has not consistently covered net income at high levels (where reported), but overall cash flow resilience is strong.

Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Wendel SE Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 80.85
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MF, the sentiment is Negative. The current price of 80.85 is below the 20-day moving average (MA) of 82.17, below the 50-day MA of 83.67, and below the 200-day MA of 82.22, indicating a bearish trend. The MACD of -2.95 indicates Positive momentum. The RSI at 29.50 is Positive, neither overbought nor oversold. The STOCH value of 14.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:MF.

Wendel SE Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	―	―	―	―	―	―
ANTIN	70 Outperform	€1.69B	18.19	23.08%	6.77%	9.60%	5.96%
PEUG	64 Neutral	€1.52B	3.76	0.83%	4.29%	-48.21%	-64.53%
TKO	62 Neutral	€2.61B	20.35	2.94%	5.10%	12.44%	12.15%
MF	52 Neutral	€3.11B	-29.11	-2.85%	7.66%	9.86%	-118.70%
RF	46 Neutral	€2.61B	-8.61	-5.82%	4.99%	11.76%	-735.88%