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Rexel SA
(RXL)
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Rating:61Neutral
Price Target:
€38.00
▲(0.98% Upside)
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
Diversified distribution & services
Rexel’s multi-channel model (branches, field sales, e-commerce) plus logistics and technical services creates recurring customer relationships and broader touchpoints with professional buyers. This durable model supports stable volumes, cross-sell opportunities and defensible margins across cycles.
Negative Factors
Rising leverage
A rising debt-to-equity trend materially reduces financial flexibility for a cyclical distributor. Higher leverage increases vulnerability to demand downturns, limits ability to fund acquisitions or large investments without issuing equity, and makes deleveraging a likely multi-year operational constraint.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified distribution & services
Rexel’s multi-channel model (branches, field sales, e-commerce) plus logistics and technical services creates recurring customer relationships and broader touchpoints with professional buyers. This durable model supports stable volumes, cross-sell opportunities and defensible margins across cycles.
Read all positive factors
Rexel SA (RXL) vs. iShares MSCI France ETF (EWQ)
Market Cap
€11.05B
Dividend Yield3.23%
Average Volume (3M)681.50K
Price to Earnings (P/E)16.3
Beta (1Y)1.22
Revenue Growth1.02%
EPS Growth171.38%
CountryFR
Employees26,395
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Distribution
Share Statistics
EPS (TTM)2.28
Shares Outstanding296,997,250
10 Day Avg. Volume683,520
30 Day Avg. Volume681,505
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
€39.96Price Target Upside6.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)2.53
Revenue Forecast (FY)€20.52B
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 makes money primarily by buying electrical and industrial components from manufacturers and selling them to professional customers at a margin through a multi-channel distribution model (branches/counters, field sales, and e-commerce/digital...
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 | 1.28B | 1.49B | 1.32B | 1.60B | 1.70B | 1.19B |
| 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
Neutral
37.63
Price Trends
37.39
Negative
36.48
Positive
34.56
Positive
Market Momentum
-0.04
Negative
48.56
Neutral
65.74
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:RXL, the sentiment is Neutral. The current price of 37.63 is above the 20-day moving average (MA) of 37.07, above the 50-day MA of 37.39, and above the 200-day MA of 34.56, indicating a neutral trend. The MACD of -0.04 indicates Negative momentum. The RSI at 48.56 is Neutral, neither overbought nor oversold. The STOCH value of 65.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | €11.75B | 10.97 | 14.15% | 3.93% | 8.75% | -2.33% | |
63 Neutral | €18.39B | 14.57 | 9.47% | 4.47% | -1.41% | 17.79% | |
61 Neutral | €11.05B | 16.28 | 11.19% | 3.19% | 1.02% | 171.38% | |
60 Neutral | €6.23B | 73.30 | 10.96% | 2.19% | -12.95% | -145.02% | |
57 Neutral | €8.12B | 47.90 | 8.70% | 2.23% | 3.06% | 47.94% | |
56 Neutral | €7.39B | 22.86 | 3.31% | ― | 3.69% | 98.88% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
FR:RXL
Rexel SA
37.12
10.19
37.86%
FR:ALO
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16.23
-5.55
-25.48%
FR:EN
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47.65
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FR:FGR
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120.80
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-0.39%
FR:NEX
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140.00
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2.86%
FR:SPIE
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47.90
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-7.71%
Rexel SA Corporate Events
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.