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Wendel SE
(MF)
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Rating:52Neutral
Price Target:
€88.00
▲(7.65% Upside)
Action:Reiterated
Date: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.
Positive Factors
Strong free cash flow generation
Consistently positive and growing free cash flow gives Wendel durable internal funding for reinvestment, dividends, and debt servicing. Over 2–6 months this cash resilience supports strategic exits or opportunistic purchases without depending on volatile capital markets.
Negative Factors
Elevated leverage
A debt-heavy capital structure (debt well above equity) amplifies earnings swings and limits financial flexibility. Over 2–6 months, elevated leverage increases refinancing and interest-rate sensitivity, constraining ability to finance large acquisitions or buffer portfolio valuation stress.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Consistently positive and growing free cash flow gives Wendel durable internal funding for reinvestment, dividends, and debt servicing. Over 2–6 months this cash resilience supports strategic exits or opportunistic purchases without depending on volatile capital markets.
Read all positive factors
Wendel SE (MF) vs. iShares MSCI France ETF (EWQ)
Market Cap
€3.50B
Dividend Yield6.08%
Average Volume (3M)51.99K
Price to Earnings (P/E)―
Beta (1Y)1.10
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. Volume42,024
30 Day Avg. Volume51,991
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.26
Price to Sales (P/S)0.58
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 Upside40.67% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)2.82
Revenue Forecast (FY)€7.94B
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 generated by its portfolio of equity stakes. Its key earnings drivers are: (1) Dividends and other distributions received from portfolio companies, which provide recurring cash inflows when t...
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 | 9.26B | 7.57B | 8.06B | 7.13B | 8.70B | 7.50B |
| Gross Profit | 7.89B | 7.78B | 8.27B | 863.70M | 964.20M | 806.10M |
| EBITDA | 1.69B | 1.44B | 1.62B | 1.54B | 1.58B | 1.37B |
| Net Income | -84.45M | -151.80M | 293.90M | 142.40M | 71.20M | 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
81.75
Price Trends
83.02
Positive
81.42
Positive
79.93
Positive
Market Momentum
0.82
Negative
70.73
Negative
84.85
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 81.75 is below the 20-day moving average (MA) of 81.96, below the 50-day MA of 83.02, and above the 200-day MA of 79.93, indicating a bullish trend. The MACD of 0.82 indicates Negative momentum. The RSI at 70.73 is Negative, neither overbought nor oversold. The STOCH value of 84.85 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 | €1.56B | 14.08 | 23.08% | 8.30% | -8.13% | -19.01% | |
64 Neutral | €2.35B | 485.55 | ― | ― | ― | -49.74% | |
63 Neutral | €2.76B | 13.12 | 2.99% | 4.55% | 32.01% | -23.67% | |
62 Neutral | €1.40B | 6.30 | 5.51% | 5.91% | -57.04% | 52.92% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €3.50B | -70.46 | -4.61% | 6.24% | -13.33% | 6.71% | |
49 Neutral | €3.16B | -24.90 | -1.57% | 6.12% | 18.27% | 82.55% |
* General Sector Average
FR:MF
Wendel SE
87.10
9.51
12.26%
FR:RF
Eurazeo
51.80
1.71
3.42%
FR:PEUG
Peugeot Invest SA
57.30
-13.95
-19.58%
FR:TKO
Tikehau Capital SCA
17.16
-1.15
-6.28%
FR:ANTIN
Antin Infrastructure Partners
9.10
-1.72
-15.87%
FR:FMONC
Financiere Moncey
122.00
3.75
3.18%
Wendel SE Corporate Events
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.