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PLUXEE N.V. (FR:PLX)
:PLX
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PLUXEE N.V.
(PLX)
Select Model
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Rating:70Outperform
Price Target:
€14.50
▲(15.63% Upside)
PLUXEE N.V. demonstrates strong financial performance and attractive valuation, supported by robust earnings call highlights. However, technical indicators suggest a bearish trend, and macroeconomic and regulatory challenges present potential risks.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and stability.
Margin Expansion
Improved margins demonstrate operational efficiency and cost management, enhancing profitability and competitive positioning.
Cash Generation
Strong cash generation provides financial flexibility for investments and shareholder returns, supporting sustainable growth.
Negative Factors
High Leverage
Reliance on debt financing can limit financial flexibility and increase risk, potentially impacting long-term stability.
Regulatory Challenges
Regulatory uncertainties can affect operations and strategic planning, posing risks to growth and profitability in key markets.
Declining Gross Margins
Declining margins may indicate rising costs or pricing pressures, potentially affecting profitability and competitive edge.
PLUXEE N.V. (PLX) vs. iShares MSCI France ETF (EWQ)
Market Cap
€2.62B
Dividend Yield2.91%
Average Volume (3M)152.91K
Price to Earnings (P/E)9.3
Beta (1Y)0.92
Revenue Growth6.36%
EPS Growth48.97%
CountryFR
Employees5,368
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)0.82
Shares Outstanding147,174,700
10 Day Avg. Volume122,880
30 Day Avg. Volume152,906
Financial Highlights & Ratios
PEG Ratio0.26
Price to Book (P/B)6.82
Price to Sales (P/S)1.96
P/FCF Ratio8.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€19.86Price Target Upside58.37% Upside
Rating ConsensusHold
Number of Analyst Covering8
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PLUXEE N.V. Business Overview & Revenue Model
Company DescriptionPluxee N.V. offers employee benefits and engagement solutions services in France, Latin America, Continental Europe, and internationally. The company provides employee benefits comprising meal, food, gift, mobility, training, and wellness benefits; mental and physical well-being, leisure and culture, hybrid work, training, and uniforms; and other products and services, including rewards and recognition, public benefits, and fuel and fleet management. Its products are distributed through pre-paid cards, digital solutions, and paper vouchers. Pluxee N.V. was formerly known as Sodexo Asset Management 2 B.V. and changed its name to Pluxee N.V. in December 2023. The company was incorporated in 2022 and is headquartered in Issy-les-Moulineaux, France.
How the Company Makes MoneyPLUXEE N.V. generates revenue through multiple streams, primarily by selling its proprietary energy management systems and technologies to commercial and industrial clients seeking to optimize their energy consumption and enhance sustainability. The company also earns income from installation services, maintenance contracts, and consulting services related to energy efficiency. Significant partnerships with governmental and private organizations focused on renewable energy projects further bolster its revenue, while participation in various incentive programs for renewable energy adoption provides additional financial support.
PLUXEE N.V. Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 16, 2026
Earnings Call Sentiment Positive
The earnings call reflected a strong financial performance with significant revenue growth, margin expansion, and cash generation. However, challenges such as macroeconomic headwinds and regulatory uncertainties pose risks moving forward.Q4-2025 Updates
Positive Updates
Strong Organic Revenue Growth
Pluxee achieved a 10.6% organic growth in total revenues, consistent with their low double-digit objective. This was supported by a 12% organic growth in Employee Benefits operating revenue.
Robust Margin Expansion
Pluxee expanded its recurring EBITDA margin by 230 basis points, showcasing the operating leverage of the platform.
Record Cash Generation
Free cash flow increased from EUR 290 million in fiscal 2023 to EUR 417 million in fiscal 2025, with a cash conversion rate of 89%.
M&A Success
Recent M&A transactions are delivering positive revenue contributions, with successful integrations in Brazil and Spain driving growth.
Shareholder Returns
Pluxee announced a 9% increase in dividends and a EUR 100 million share buyback program, reflecting strong fiscal performance.
Negative Updates
Macroeconomic Headwinds
The weaker portfolio growth reflecting current macro uncertainties, particularly affecting end-user portfolio growth in Europe and Mexico.
Regulatory Challenges
Ongoing regulatory issues in France and Brazil, with uncertainties regarding the timing and content of potential reforms.
Public Benefit Segment Decline
Decline in BVI from other products and services due to discontinuation of large public benefit programs in Romania and Chile.
Continental Europe Growth Slowdown
Organic growth in Continental Europe was tempered by challenging macroeconomic conditions and a high comparison base.
Company Guidance
During Pluxee's Fiscal 2025 Results Presentation, the company reported robust financial performance, surpassing expectations across key metrics. Pluxee achieved a 10.6% organic growth in total revenues, aligning with its low double-digit objective. The recurring EBITDA margin expanded by 230 basis points, demonstrating the company's operational efficiency and leverage. Notably, the company generated 89% recurring cash conversion, significantly exceeding their target of over 75% for the fiscal period 2024 to 2026. Pluxee also highlighted strong cash flow generation, with free cash flow increasing from EUR 290 million in fiscal 2023 to EUR 417 million in fiscal 2025. As a result, the company announced a 9% increase in dividends to EUR 0.38 per share and a EUR 100 million share buyback program. For fiscal 2026, Pluxee aims for high single-digit organic revenue growth, a 100 basis point expansion in recurring EBITDA margin, and a continued focus on strong cash conversion.PLUXEE N.V. Financial Statement Overview
Summary
PLUXEE N.V. shows strong revenue growth and profitability with a solid cash generation capability. However, high leverage and a decrease in free cash flow present potential risks. Improvements in operational efficiency and debt management are needed.Income Statement
PLUXEE N.V. has demonstrated strong revenue growth, with a 15% increase from the previous year. The gross profit margin stands at 35.54%, indicating efficient cost management. The net profit margin improved to 10.99%, reflecting enhanced profitability. However, the EBIT margin decreased slightly to 20.66%, suggesting a need for better operational efficiency. Overall, the income statement reflects a robust financial performance with room for operational improvements.Balance Sheet
The company's debt-to-equity ratio is high at 4.58, indicating significant leverage, which could pose financial risks. However, the equity ratio of 4.34% suggests a low reliance on equity financing. Return on equity improved to 51.55%, showcasing strong profitability relative to shareholder investments. While the balance sheet shows strong profitability, the high leverage is a concern that needs addressing.Cash Flow
PLUXEE N.V. has a solid operating cash flow to net income ratio of 3.29, indicating strong cash generation relative to profits. The free cash flow to net income ratio is 2.42, reflecting efficient cash management. However, the free cash flow decreased by 27.31% from the previous year, highlighting a potential area for improvement. Overall, the cash flow statement indicates healthy cash generation with some volatility in free cash flow.| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.29B | 1.29B | 1.21B | 1.05B | 842.00M | 731.00M |
| Gross Profit | 361.00M | 361.00M | 430.00M | 445.00M | 331.00M | 282.00M |
| EBITDA | 476.00M | 476.00M | 338.00M | 263.00M | 303.00M | 219.00M |
| Net Income | 197.00M | 197.00M | 133.00M | 81.00M | 174.00M | 117.00M |
Balance Sheet | ||||||
| Total Assets | 6.40B | 6.40B | 5.95B | 5.67B | 5.30B | 4.68B |
| Cash, Cash Equivalents and Short-Term Investments | 3.31B | 3.31B | 2.23B | 3.10B | 2.77B | 2.33B |
| Total Debt | 1.27B | 1.27B | 1.18B | 1.31B | 553.00M | 334.00M |
| Total Liabilities | 5.93B | 5.93B | 5.59B | 5.63B | 4.59B | 3.99B |
| Stockholders Equity | 369.00M | 369.00M | 258.00M | 42.00M | 699.00M | 684.00M |
Cash Flow | ||||||
| Free Cash Flow | 311.00M | 311.00M | 322.00M | 443.00M | 143.00M | 113.00M |
| Operating Cash Flow | 409.00M | 409.00M | 438.00M | 559.00M | 221.00M | 184.00M |
| Investing Cash Flow | -395.00M | -395.00M | -270.00M | -7.00M | 46.00M | -109.00M |
| Financing Cash Flow | -17.00M | -17.00M | -213.00M | -43.00M | 6.00M | 60.00M |
PLUXEE N.V. Technical Analysis
Negative
12.54
Price Trends
13.64
Negative
14.57
Negative
16.48
Negative
Market Momentum
-0.16
Negative
36.99
Neutral
16.04
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:PLX, the sentiment is Negative. The current price of 12.54 is below the 20-day moving average (MA) of 13.00, below the 50-day MA of 13.64, and below the 200-day MA of 16.48, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 36.99 is Neutral, neither overbought nor oversold. The STOCH value of 16.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:PLX.
PLUXEE N.V. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €5.76B | 15.70 | 10.25% | 1.88% | 4.83% | 52.47% | |
72 Outperform | €3.75B | 7.71 | 11.73% | 6.86% | 9.08% | -22.55% | |
70 Outperform | €2.62B | 9.26 | ― | 2.91% | 6.36% | 48.97% | |
69 Neutral | €918.88M | 10.85 | 19.49% | 3.03% | 9.51% | 26.07% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | €6.25B | 8.97 | 18.37% | 6.20% | 1.16% | 314.94% | |
56 Neutral | €2.83B | 48.97 | 11.18% | ― | 18.03% | 3.43% |
* Industrials Sector Average
FR:PLX
PLUXEE N.V.
12.54
-9.25
-42.45%
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FR:SW
Sodexo SA
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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.