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Worldline SA Unsponsored ADR (WRDLY)
:WRDLY
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Worldline
(OTC:WRDLY)
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Rating:53Neutral
Price Target:
$1.50
▼(-12.28% Downside)
Worldline's overall stock score reflects its solid revenue base and strategic efforts to address financial challenges, but persistent profitability issues and a negative valuation weigh heavily. Technical indicators suggest moderate momentum, yet valuation concerns and recent earnings challenges limit upside potential.
Worldline (WRDLY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.04B
Dividend YieldN/A
Average Volume (3M)6.88K
Price to Earnings (P/E)―
Beta (1Y)0.88
Revenue Growth-1.81%
EPS Growth-392.27%
CountryUS
Employees18,112
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)0.25
Shares Outstanding567,143,250
10 Day Avg. Volume4,539
30 Day Avg. Volume6,879
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)0.28
Price to Sales (P/S)0.50
P/FCF Ratio7.22
Enterprise Value/Market Cap4.55
Enterprise Value/Revenue1.04
Enterprise Value/Gross Profit1.87
Enterprise Value/Ebitda10.66
Forecast
1Y Price Target
$1.50Price Target Upside-12.28% Downside
Rating ConsensusHold
Number of Analyst Covering1
Worldline Business Overview & Revenue Model
Company DescriptionWorldline SA provides payments and transactional services to financial institutions, merchants, corporations, and government agencies in France, rest of Europe, and internationally. The company operates through Merchant Services; Financial Services; and Mobility & e-Transactional Services segments. The Merchant Services segment offers commercial acquiring, terminal, omnichannel payment acceptance, private label card and loyalty, and digital retail services. The Financial Services segment provides issuing processing, acquiring processing, digital and mobile banking, and account payments, as well as payments processing back-office, clearing and settlement, and trade order management and financial data services; and fraud risk management, ATM management, trusted authentication, and payment software licensing solutions. The Mobility & e-Transactional Services segment offers trusted digitization, e-ticketing, e-consumer and mobility, customer engagement, and mobility and traceability solutions and services, as well as digital identity, digital signature, and cloud services. The company was formerly known as Atos Worldline S.A.S. and changed its name to Worldline SA in April 2014. Worldline SA was founded in 1973 and is headquartered in Puteaux, France.
How the Company Makes MoneyWorldline makes money through a diversified revenue model primarily driven by transaction-based fees, subscription services, and equipment sales. Key revenue streams include fees collected from processing electronic payments for merchants and financial institutions, which are often based on the volume and value of transactions processed. Additionally, Worldline generates income from selling point-of-sale terminals and other payment-related hardware. The company also earns subscription fees from clients who use its digital payment platforms and services. Strategic partnerships with banks and technology firms, as well as mergers and acquisitions, significantly bolster Worldline's market reach and revenue potential by expanding its portfolio of services and enhancing its geographical presence.
Worldline Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Neutral
Worldline's earnings call reflected a challenging period with significant revenue declines and impairment losses. However, the company is actively addressing its challenges through strategic disposals, leadership changes, and successful refinancing, which provide a foundation for future improvements.Q2-2025 Updates
Positive Updates
Successful Refinancing
Worldline completed the refinancing of the company and secured upcoming debt refinancings, maintaining exceptional liquidity with cash of EUR 1.2 billion at the end of June.
MeTS Disposal
Worldline entered into exclusive negotiations for the divestment of MeTS activities, expected to close in the first half of 2026. The transaction is valued at approximately EUR 410 million.
Leadership Renewal
Significant changes in the executive team with new appointments including a new CFO, Group People Officer, and Head of Financial Services to drive transformation.
Positive Audit Findings
Preliminary audit of the high brand risk portfolio showed no need for material onboarding of merchants, reinforcing compliance confidence.
Negative Updates
Revenue Decline
The company posted EUR 2.2 billion in revenue for H1, representing an organic decline of 3.4% compared to the prior year. Net-net revenue declined by 7.3%.
Goodwill Impairment Impact
Reported a net income group share loss of EUR 4.2 billion, mainly due to a EUR 4.1 billion non-cash goodwill impairment.
Challenging Market Conditions
Facing several challenges including the slowdown in the consumption environment in Europe, leading to elevated churn rates in the SME segment.
Adjusted EBITDA Decline
Adjusted EBITDA in H1 was EUR 401 million, representing 18.2% of revenue, a decline due to merchant terminations and negative revenue mix.
Company Guidance
In its first-half 2025 results conference call, Worldline Group provided guidance for the remainder of the year, emphasizing a cautious outlook amid ongoing challenges. The company reported a 3.4% organic revenue decline to EUR 2.2 billion, with net-net revenue dropping by 7.3%. Adjusted EBITDA stood at EUR 401 million, representing 18.2% of revenue, with a margin of 22.9% based on net-net revenue. Free cash flow was EUR 40 million, with a conversion rate of approximately 10%, impacted by Power24. The company anticipates a full-year adjusted EBITDA between EUR 825 million and EUR 875 million, with stable or slightly negative organic growth in H2. A significant EUR 4.1 billion noncash goodwill impairment led to a reported net income loss of EUR 4.2 billion, although Worldline's equity remained solid at EUR 4.9 billion. CEO Pierre-Antoine Vacheron expressed confidence in the company's assets and transformation strategy, aiming to restore growth and cash flow generation.Worldline Financial Statement Overview
Summary
Worldline has a solid revenue base and stable asset management, but persistent profitability issues due to consecutive net losses are concerning. The balance sheet reflects moderate leverage and a stable equity ratio, yet the negative ROE highlights profitability challenges. Strong operational cash generation is not translating into net income effectively.Income Statement
Worldline's revenue growth has been steady, with a notable increase over the years, though it faced a slight decline in 2024. The gross profit margin remains strong at around 56.5% in 2024. However, the company has struggled with profitability, recording a net loss for the past two years, with a significant net loss margin of -6.41% in 2024. EBIT and EBITDA margins have shown improvement, yet the negative net income is a concern.45
Neutral
Balance Sheet
The company maintains a relatively stable equity ratio of 42.45% in 2024, indicating a balanced use of debt and equity. The debt-to-equity ratio is reasonable at 0.49, which suggests moderate leverage. However, the return on equity is negative due to the net losses, highlighting a lack of profitability despite a solid asset base.60
Neutral
Cash Flow
Worldline's operating cash flow remains healthy, although it has decreased from previous years. The free cash flow has been positive, but the growth rate is declining. The free cash flow to net income ratio is not favorable due to consistent net losses, suggesting cash flow is not translating into profit effectively.58
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.55B | 4.63B | 4.61B | 4.36B | 3.69B | 2.46B |
| Gross Profit | 2.53B | 2.61B | 2.52B | 1.92B | 1.33B | 878.00M |
| EBITDA | 443.40M | 372.00M | -276.00M | 831.50M | 743.50M | 458.40M |
| Net Income | -4.49B | -297.00M | -817.30M | 299.20M | -751.40M | 163.70M |
Balance Sheet | ||||||
| Total Assets | 15.93B | 19.42B | 21.73B | 21.86B | 20.04B | 19.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.85B | 1.80B | 1.95B | 1.92B | 1.13B | 1.34B |
| Total Debt | 3.97B | 4.03B | 4.05B | 4.13B | 4.56B | 4.85B |
| Total Liabilities | 11.00B | 10.20B | 12.17B | 11.32B | 10.13B | 9.28B |
| Stockholders Equity | 3.98B | 8.25B | 8.58B | 9.38B | 9.04B | 9.48B |
Cash Flow | ||||||
| Free Cash Flow | 294.80M | 321.60M | 458.90M | 724.10M | 727.50M | 367.50M |
| Operating Cash Flow | 551.20M | 603.10M | 791.80M | 1.05B | 953.10M | 507.60M |
| Investing Cash Flow | -337.30M | -245.80M | -212.40M | 29.50M | -537.70M | -1.15B |
| Financing Cash Flow | -567.30M | -585.20M | -415.80M | -606.60M | -416.40M | 1.47B |
Worldline Technical Analysis
Neutral
1.71
Price Trends
1.66
Positive
2.07
Negative
2.85
Negative
Market Momentum
<0.01
Negative
63.06
Neutral
91.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WRDLY, the sentiment is Neutral. The current price of 1.71 is above the 20-day moving average (MA) of 1.53, above the 50-day MA of 1.66, and below the 200-day MA of 2.85, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.06 is Neutral, neither overbought nor oversold. The STOCH value of 91.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for WRDLY.
Worldline Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $2.23B | 23.55 | 13.86% | ― | 13.02% | -2.57% | |
74 Outperform | $5.53B | 22.31 | 19.09% | ― | 11.22% | 40.85% | |
73 Outperform | $4.23B | 27.87 | 32.78% | ― | 22.02% | 12.42% | |
68 Neutral | $3.49B | 11.88 | 25.94% | ― | 8.71% | 25.75% | |
67 Neutral | $4.06B | 48.03 | 10.03% | ― | 20.51% | 12.84% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | $1.04B | ― | -70.77% | ― | -1.81% | -392.27% |
* Technology Sector Average
WRDLY
Worldline
1.71
-1.71
-50.00%
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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.