Cash flow Edenred SE

Equities

EDEN

FR0010908533

Business Support Services

Market Closed - Euronext Paris Other stock markets 11:55:00 2026-02-18 am EST			5-day change	1st Jan Change
17.76 ^EUR	-1.20%		+0.42%	-6.08%

Feb. 17	Goldman Sachs Surpasses 5% Stake in Edenred
Feb. 16	Goldman Sachs Surpasses 5% Stake in Edenred

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Published financial data: EDENRED SE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	1.42B	1.58B	1.94B	2.31B	2.61B
Total Revenues	1.42B	1.58B	1.94B	2.31B	2.61B
Cost of Goods Sold, Total	849M	916M	1.14B	1.36B	1.53B
Gross Profit	574M	667M	806M	952M	1.08B
Selling General & Admin Expenses, Total	-	-	-	-	-
Depreciation & Amortization - (IS)	125M	132M	149M	193M	225M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	-
Other Operating Expenses	38M	39M	55M	216M	59M
Other Operating Expenses, Total	163M	171M	204M	409M	284M
Operating Income	411M	496M	602M	543M	793M
Interest Expense, Total	-36M	-33M	-40M	-130M	-174M
Interest And Investment Income	62M	68M	114M	227M	284M
Net Interest Expenses	26M	35M	74M	97M	110M
Income (Loss) On Equity Invest.	13M	8M	2M	-	-
Currency Exchange Gains (Loss)	1M	-1M	-5M	-4M	-7M
Other Non Operating Income (Expenses)	-21M	-9M	-36M	-62M	-69M
EBT, Excl. Unusual Items	430M	529M	637M	574M	827M
Restructuring Charges	-12M	-9M	-8M	-10M	-12M
Merger & Related Restructuring Charges	-	-	-	-29M	-5M
Impairment of Goodwill	-4M	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	-4M	-4M	-5M	11M	10M
Asset Writedown	-10M	-7M	-10M	-1M	-3M
Legal Settlements	6M	-	-	-	-
Other Unusual Items	-16M	-15M	-9M	-11M	-18M
EBT, Incl. Unusual Items	390M	494M	605M	534M	799M
Income Tax Expense	124M	151M	188M	226M	254M
Earnings From Continuing Operations	266M	343M	417M	308M	545M
Net Income to Company	266M	343M	417M	308M	545M
Minority Interest	-28M	-30M	-31M	-41M	-38M
Net Income - (IS)	238M	313M	386M	267M	507M
Net Income to Common Incl Extra Items	238M	313M	386M	267M	507M
Net Income to Common Excl. Extra Items	238M	313M	386M	267M	507M
Per Share Items
Net EPS - Basic	0.97	1.26	1.55	1.07	2.07
Basic EPS - Continuing Operations	0.97	1.26	1.55	1.07	2.07
Basic Weighted Average Shares Outstanding	244M	248M	249M	249M	245M
Net EPS - Diluted	0.97	1.19	1.46	1.01	2.01
Diluted EPS - Continuing Operations	0.97	1.19	1.46	1.01	2.01
Diluted Weighted Average Shares Outstanding	245M	263M	264M	264M	253M
Normalized Basic EPS	0.99	1.21	1.47	1.28	1.95
Normalized Diluted EPS	0.98	1.14	1.39	1.2	1.9
Dividend Per Share	0.75	0.9	1	1.1	1.21
Payout Ratio	25.21	19.17	58.03	93.26	53.45
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	505M	598M	720M	647M	974M
EBITA	491M	584M	707M	595M	960M
EBIT	411M	496M	602M	543M	793M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	1.46B	1.63B	2.03B	2.51B	2.86B
Effective Tax Rate - (Ratio)	31.79	30.57	31.07	42.32	31.79
Total Current Taxes	98M	123M	187M	251M	259M
Total Deferred Taxes	26M	28M	1M	-25M	-5M
Normalized Net Income	241M	301M	367M	318M	479M
Interest on Long-Term Debt	-	-	-	-	-
Non-Cash Pension Expense	0	0	0	-1M	-2M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., COGS (Total)	14M	12M	20M	21M	28M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	14M	12M	20M	21M	28M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	1.12B	1.49B	1.48B	1.35B	1.64B
Short Term Investments	1.02B	1.18B	1.54B	2.01B	1.39B
Trading Asset Securities, Total	-	39M	-	-	-
Total Cash And Short Term Investments	2.15B	2.72B	3.02B	3.36B	3.03B
Accounts Receivable, Total	1.74B	2.12B	2.66B	2.79B	2.76B
Other Receivables	243M	386M	517M	538M	549M
Notes Receivable	-	-	-	-	-
Total Receivables	1.99B	2.5B	3.18B	3.33B	3.31B
Inventory	43M	46M	59M	67M	62M
Prepaid Expenses	38M	34M	48M	67M	73M
Restricted Cash	2.58B	2.43B	2.12B	2.07B	1.87B
Other Current Assets, Total	132M	8M	11M	8M	7M
Total Current Assets	6.92B	7.74B	8.44B	8.9B	8.35B
Gross Property Plant And Equipment	310M	342M	370M	409M	443M
Accumulated Depreciation	-162M	-186M	-213M	-249M	-262M
Net Property Plant And Equipment	148M	156M	157M	160M	181M
Long-term Investments	178M	188M	177M	122M	100M
Goodwill	1.46B	1.51B	1.6B	2.78B	3.26B
Other Intangibles, Total	655M	677M	738M	1.25B	1.26B
Deferred Tax Assets Long-Term	49M	38M	35M	55M	83M
Other Long-Term Assets, Total	18M	19M	19M	25M	24M
Total Assets	9.43B	10.32B	11.17B	13.3B	13.27B
Liabilities
Accounts Payable, Total	669M	721M	1.03B	1.65B	1.79B
Accrued Expenses, Total	129M	154M	176M	222M	233M
Short-term Borrowings	109M	101M	124M	27M	304M
Current Portion of Long-Term Debt	227M	266M	55M	542M	574M
Current Portion of Leases	28M	28M	31M	36M	35M
Current Income Taxes Payable	11M	27M	46M	82M	70M
Unearned Revenue Current, Total	47M	76M	68M	83M	87M
Other Current Liabilities	6.15B	6.5B	6.96B	7.08B	6.76B
Total Current Liabilities	7.37B	7.88B	8.5B	9.72B	9.86B
Long-Term Debt	2.95B	3.06B	3.05B	3.78B	3.83B
Long-Term Leases	74M	86M	78M	80M	95M
Pension & Other Post Retirement Benefits	27M	26M	12M	13M	11M
Deferred Tax Liability Non Current	129M	137M	138M	256M	271M
Other Non Current Liabilities	6M	8M	8M	8M	8M
Total Liabilities	10.56B	11.19B	11.79B	13.86B	14.08B
Common Stock, Total	493M	499M	499M	499M	484M
Additional Paid In Capital	950M	1.06B	1.04B	1.04B	755M
Retained Earnings	-231M	-87M	-1.86B	-1.91B	-1.77B
Treasury Stock	-37M	-67M	-57M	-73M	-83M
Comprehensive Income and Other	-2.4B	-2.35B	-340M	-230M	-291M
Total Common Equity	-1.23B	-953M	-718M	-679M	-908M
Minority Interest	96M	84M	105M	110M	99M
Total Equity	-1.13B	-869M	-613M	-569M	-809M
Total Liabilities And Equity	9.43B	10.32B	11.17B	13.3B	13.27B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	246M	249M	249M	249M	240M
ECS Total Common Shares Outstanding	246M	249M	249M	249M	240M
Book Value / Share	-5	-3.83	-2.88	-2.73	-3.78
Tangible Book Value	-3.34B	-3.14B	-3.06B	-4.71B	-5.43B
Tangible Book Value Per Share	-13.59	-12.62	-12.29	-18.92	-22.64
Total Debt	3.39B	3.54B	3.34B	4.47B	4.84B
Net Debt	1.24B	820M	317M	1.11B	1.81B
Debt Equivalent of Unfunded Proj. Benefit Obligation	27M	26M	12M	13M	11M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	96M	84M	105M	110M	99M
Equity Method Investments, Total	64M	67M	67M	18M	8M
Account Code - Inventory Valuation	6	6	6	6	6
Land - (BS)	2M	2M	2M	2M	2M
Buildings, Total	18M	19M	19M	19M	16M
Machinery, Total	133M	133M	144M	156M	147M
Full Time Employees	8.48K	8.8K	10K	11.01K	12.32K
Part Time Employees	353	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	98M	95M	115M	112M	118M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	238M	313M	386M	267M	507M
Depreciation & Amortization - CF	45M	44M	44M	141M	58M
Amortization of Goodwill and Intangible Assets - (CF)	80M	88M	105M	52M	167M
Depreciation & Amortization, Total	125M	132M	149M	193M	225M
Minority Interest in Earnings - (CF)	28M	30M	31M	41M	38M
(Gain) Loss From Sale Of Asset	4M	4M	14M	0	8M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	27M	16M	18M	11M	15M
(Income) Loss On Equity Investments - (CF)	-13M	-8M	-2M	-	5M
Stock-Based Compensation (CF)	14M	12M	20M	21M	28M
Other Operating Activities, Total	26M	29M	38M	154M	24M
Change In Accounts Receivable	330M	-376M	-545M	-165M	24M
Change In Inventories	-11M	-3M	-13M	-8M	5M
Change In Accounts Payable	408M	52M	312M	620M	140M
Change In Income Taxes	-	16M	19M	36M	-12M
Change in Other Net Operating Assets	-458M	387M	586M	-118M	22M
Cash from Operations	718M	604M	1.01B	1.05B	1.03B
Capital Expenditure	-104M	-114M	-151M	-190M	-217M
Sale of Property, Plant, and Equipment	-	25M	29M	12M	23M
Cash Acquisitions	-127M	-72M	-77M	-1.04B	-504M
Investment in Marketable and Equity Securities, Total	-63M	-19M	-12M	-14M	-6M
Cash from Investing	-294M	-180M	-211M	-1.23B	-704M
Short Term Debt Issued, Total	-	-	-	-	120M
Long-Term Debt Issued, Total	633M	416M	10M	1.2B	505M
Total Debt Issued	633M	416M	10M	1.2B	625M
Short Term Debt Repaid, Total	-812M	-335M	-597M	-493M	-
Long-Term Debt Repaid, Total	-6M	-	-	-255M	-
Total Debt Repaid	-818M	-335M	-597M	-748M	-
Issuance of Common Stock	3M	-	-	-	2M
Repurchase of Common Stock	-23M	-41M	-2M	-25M	-359M
Common Dividends Paid	-60M	-60M	-224M	-249M	-271M
Common & Preferred Stock Dividends Paid	-60M	-60M	-224M	-249M	-271M
Other Financing Activities, Total	-21M	-37M	-15M	-29M	-36M
Cash from Financing	-286M	-57M	-828M	147M	-39M
Foreign Exchange Rate Adjustments	-74M	10M	-10M	-1M	-73M
Net Change in Cash	64M	377M	-36M	-30M	213M
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	-	-	-	-	-
Levered Free Cash Flow	384M	424M	776M	983M	474M
Unlevered Free Cash Flow	407M	445M	801M	1.06B	583M
Change In Net Working Capital	-115M	-105M	-407M	-701M	-51M
Net Debt Issued / Repaid	-185M	81M	-587M	450M	625M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	2.81	3.14	3.5	2.77	3.73
Return on Total Capital	11.74	12.59	13.94	10.24	12.5
Return On Equity %	-24.44	-34.25	-56.28	-52.12	-79.1
Return on Common Equity	-19.64	-28.68	-46.2	-38.22	-63.89
Margin Analysis
Gross Profit Margin %	40.34	42.14	41.46	41.19	41.28
SG&A Margin	-	-	-	-	-
EBITDA Margin %	35.49	37.78	37.04	28	37.33
EBITA Margin %	34.5	36.89	36.37	25.75	36.8
EBIT Margin %	28.88	31.33	30.97	23.5	30.39
Income From Continuing Operations Margin %	18.69	21.67	21.45	13.33	20.89
Net Income Margin %	16.73	19.77	19.86	11.55	19.43
Net Avail. For Common Margin %	16.73	19.77	19.86	11.55	19.43
Normalized Net Income Margin	16.92	18.99	18.88	13.75	18.35
Levered Free Cash Flow Margin	27.01	26.81	39.93	42.54	18.16
Unlevered Free Cash Flow Margin	28.59	28.11	41.22	46.06	22.33
Asset Turnover
Asset Turnover	0.16	0.16	0.18	0.19	0.2
Fixed Assets Turnover	8.98	10.41	12.42	14.58	15.3
Receivables Turnover (Average Receivables)	0.75	0.82	0.81	0.85	0.94
Inventory Turnover (Average Inventory)	22.64	20.58	21.68	21.57	23.75
Short Term Liquidity
Current Ratio	0.94	0.98	0.99	0.92	0.85
Quick Ratio	0.56	0.66	0.73	0.69	0.64
Operating Cash Flow to Current Liabilities	0.1	0.08	0.12	0.11	0.1
Days Sales Outstanding (Average Receivables)	490.74	445.24	449.02	430.54	389.43
Days Outstanding Inventory (Average Inventory)	16.17	17.73	16.84	16.92	15.41
Average Days Payable Outstanding	197.9	276.03	278.11	358.59	412.98
Cash Conversion Cycle (Average Days)	309.01	186.94	187.75	88.87	-8.14
Long Term Solvency
Total Debt/Equity	-299.03	-407.13	-545.02	-785.59	-597.9
Total Debt / Total Capital	150.24	132.56	122.47	114.59	120.08
LT Debt/Equity	-266.93	-361.68	-510.77	-679.26	-485.04
Long-Term Debt / Total Capital	134.12	117.76	114.77	99.08	97.42
Total Liabilities / Total Assets	112.03	108.42	105.49	104.28	106.1
EBIT / Interest Expense	11.42	15.03	15.05	4.18	4.56
EBITDA / Interest Expense	14.89	19.03	18.78	5.66	5.85
(EBITDA - Capex) / Interest Expense	12	15.58	15	4.2	4.6
Total Debt / EBITDA	6.33	5.63	4.45	6.07	4.75
Net Debt / EBITDA	2.32	1.31	0.42	1.51	1.77
Total Debt / (EBITDA - Capex)	7.85	6.88	5.57	8.19	6.04
Net Debt / (EBITDA - Capex)	2.88	1.6	0.53	2.03	2.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-9.36	11.24	22.8	18.88	12.89
Gross Profit, 1 Yr. Growth %	-12.9	16.2	20.84	18.11	13.13
EBITDA, 1 Yr. Growth %	-15.83	18.42	20.4	-5.41	39.34
EBITA, 1 Yr. Growth %	-16.07	18.94	21.06	-7.89	40.35
EBIT, 1 Yr. Growth %	-18.61	20.68	21.37	-9.8	46.04
Earnings From Cont. Operations, 1 Yr. Growth %	-23.12	28.95	21.57	-26.14	76.95
Net Income, 1 Yr. Growth %	-23.72	31.51	23.32	-30.83	89.89
Normalized Net Income, 1 Yr. Growth %	-20.35	24.87	22.12	-13.45	50.71
Diluted EPS Before Extra, 1 Yr. Growth %	-24.81	22.68	22.69	-30.82	99.01
Accounts Receivable, 1 Yr. Growth %	-15.92	21.57	25.72	4.65	-0.86
Inventory, 1 Yr. Growth %	34.38	6.98	28.26	13.56	-7.46
Net Property, Plant and Equip., 1 Yr. Growth %	-12.43	5.41	0.64	1.91	13.12
Total Assets, 1 Yr. Growth %	6.1	9.49	8.24	18.98	-0.22
Tangible Book Value, 1 Yr. Growth %	-4.6	-6.16	-2.39	53.9	15.35
Common Equity, 1 Yr. Growth %	3.1	-22.52	-24.66	-5.43	33.73
Cash From Operations, 1 Yr. Growth %	54.41	-15.88	67.72	3.85	-2.19
Capital Expenditures, 1 Yr. Growth %	0.97	9.62	32.46	25.83	14.21
Levered Free Cash Flow, 1 Yr. Growth %	71.5	-16.69	82.92	25.68	-51.8
Unlevered Free Cash Flow, 1 Yr. Growth %	64.98	-16.33	80.06	31.85	-45.26
Dividend Per Share, 1 Yr. Growth %	7.14	20	11.11	10	10
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.55	0.41	16.88	20.83	15.85
Gross Profit, 2 Yr. CAGR %	2.44	0.61	18.5	19.47	15.6
EBITDA, 2 Yr. CAGR %	1.83	-0.17	19.4	4.02	19.33
EBITA, 2 Yr. CAGR %	1.88	-0.09	20	0.94	21.9
EBIT, 2 Yr. CAGR %	-0.12	-0.9	21.03	4.63	14.77
Earnings From Cont. Operations, 2 Yr. CAGR %	-3.39	-0.43	25.21	-5.24	14.32
Net Income, 2 Yr. CAGR %	-3.2	0.16	27.35	-7.64	14.61
Normalized Net Income, 2 Yr. CAGR %	-0.28	-0.27	23.49	2.81	14.21
Diluted EPS Before Extra, 2 Yr. CAGR %	-4.34	-3.95	22.68	-7.87	17.33
Accounts Receivable, 2 Yr. CAGR %	-3.58	1.1	23.63	14.7	1.86
Inventory, 2 Yr. CAGR %	26.2	19.9	17.14	20.69	2.51
Net Property, Plant and Equip., 2 Yr. CAGR %	68.71	-3.92	3	1.27	7.37
Total Assets, 2 Yr. CAGR %	13.88	7.78	8.87	13.49	8.96
Tangible Book Value, 2 Yr. CAGR %	6.1	-5.38	-4.3	22.57	33.24
Common Equity, 2 Yr. CAGR %	-11.23	-10.62	-23.6	-15.59	12.46
Cash From Operations, 2 Yr. CAGR %	16.83	13.97	18.78	31.97	0.79
Capital Expenditures, 2 Yr. CAGR %	7.5	5.2	20.5	29.1	19.88
Levered Free Cash Flow, 2 Yr. CAGR %	11.23	37.6	23.45	52.21	-22.17
Unlevered Free Cash Flow, 2 Yr. CAGR %	11.24	34.33	22.74	54.66	-15.04
Dividend Per Share, 2 Yr. CAGR %	-6.61	13.39	15.47	10.55	10
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.33	6.06	7.38	17.54	18.12
Gross Profit, 3 Yr. CAGR %	4.78	6.83	6.94	18.37	17.32
EBITDA, 3 Yr. CAGR %	5.1	7.08	6.27	8.61	17.66
EBITA, 3 Yr. CAGR %	5.43	7.28	6.52	6.61	18.02
EBIT, 3 Yr. CAGR %	4.32	6.38	6.03	9.73	16.93
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.34	6.37	6.42	5.01	16.69
Net Income, 3 Yr. CAGR %	-0.42	7.21	7.35	3.91	17.44
Normalized Net Income, 3 Yr. CAGR %	5.04	7.48	6.7	9.69	16.79
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.66	3.93	4.21	1.36	19.09
Accounts Receivable, 3 Yr. CAGR %	1.25	4.16	8.72	16.95	9.26
Inventory, 3 Yr. CAGR %	21.46	19.43	22.62	15.93	10.46
Net Property, Plant and Equip., 3 Yr. CAGR %	47.63	44.22	-2.43	2.63	5.08
Total Assets, 3 Yr. CAGR %	14.93	12.4	7.94	12.14	8.72
Tangible Book Value, 3 Yr. CAGR %	4.44	1.84	-4.4	12.12	20.11
Common Equity, 3 Yr. CAGR %	-6.55	-15.17	-15.57	-17.97	-1.6
Cash From Operations, 3 Yr. CAGR %	13.27	4.72	29.63	13.58	19.43
Capital Expenditures, 3 Yr. CAGR %	10.06	8.2	13.6	22.25	23.93
Levered Free Cash Flow, 3 Yr. CAGR %	-4.58	10.96	51.3	24.51	3.75
Unlevered Free Cash Flow, 3 Yr. CAGR %	-4.74	10.61	48.11	26.02	9.4
Dividend Per Share, 3 Yr. CAGR %	-4.09	1.53	12.62	13.62	10.37
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.31	8.09	9.18	11.73	10.69
Gross Profit, 5 Yr. CAGR %	9.24	9.69	10.06	11.72	10.32
EBITDA, 5 Yr. CAGR %	9.62	11.24	10.6	5.85	10.17
EBITA, 5 Yr. CAGR %	10.06	11.69	11.03	4.7	10.41
EBIT, 5 Yr. CAGR %	8.61	11.03	10.71	5.68	9.45
Earnings From Cont. Operations, 5 Yr. CAGR %	7.89	12.3	8.53	1.56	9.51
Net Income, 5 Yr. CAGR %	6.1	11.7	9.88	1	10.2
Normalized Net Income, 5 Yr. CAGR %	5.48	10.59	12.06	5.59	9.64
Diluted EPS Before Extra, 5 Yr. CAGR %	5	9.1	7.44	-0.96	9.28
Accounts Receivable, 5 Yr. CAGR %	12.37	8.41	9.67	8.26	5.92
Inventory, 5 Yr. CAGR %	17.75	13.9	19.71	19.93	14.14
Net Property, Plant and Equip., 5 Yr. CAGR %	31.95	32.64	27.83	25.21	1.38
Total Assets, 5 Yr. CAGR %	17.84	12.88	12.46	12.83	8.34
Tangible Book Value, 5 Yr. CAGR %	8.61	5.09	0.85	9.67	9.18
Common Equity, 5 Yr. CAGR %	-3.29	-4.98	-13.78	-15.34	-5.31
Cash From Operations, 5 Yr. CAGR %	16.33	7.9	15.45	14.87	17.22
Capital Expenditures, 5 Yr. CAGR %	6.76	14.47	14.12	16.12	16.07
Levered Free Cash Flow, 5 Yr. CAGR %	35.87	3.83	11.9	25.91	16.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	31.62	3.39	11.23	26.48	18.76
Dividend Per Share, 5 Yr. CAGR %	-2.24	7.74	3.3	5.05	11.57