(PLX) PLUXEE - Overview
Sector: Industrials | Industry: Specialty Business Services | Exchange: PA (France) | Market Cap: 1.676m EUR | Total Return: -39.4% in 12m
Avg Turnover: 1.27M
Qual. Beats: 0
Rev. Trend: 90.0%
Warnings
Altman Z'' 0.87 < 1.0 - financial distress zone
Fakeout
Tailwinds
No distinct edge detected
Pluxee N.V. is a global provider of employee benefits and engagement solutions, operating across France, Latin America, and Continental Europe. Spun off from the Sodexo Group, the company specializes in meal, food, gift, and mobility benefits distributed via digital platforms, prepaid cards, and paper vouchers. The business model relies on a B2B2C structure, where revenue is generated through merchant commissions and corporate service fees.
The specialty business services sector in which Pluxee operates is characterized by high barriers to entry due to the complex regulatory and tax frameworks governing employee vouchers. Furthermore, these companies often benefit from a float on the cash held between the time a voucher is issued and when it is redeemed by the end user. Investors may find it useful to examine ValueRay for deeper insights into these operational mechanics.
Headquartered in Issy-les-Moulineaux, Pluxee also manages diversified products including fleet management, public benefits, and wellness programs. The company officially rebranded from Sodexo Asset Management 2 B.V. in late 2023 to establish an independent identity in the digital rewards market.
- High interest rates boost financial income from merchant reimbursement float
- Expansion into SME market segments accelerates digital payment volume growth
- Labor market strength drives employee headcount and benefit issuance rates
- Regulatory shifts in European meal voucher commissions impact operating margins
- Strategic pivot toward fleet and mobility solutions diversifies revenue streams
| Net Income: 370.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -4.33 > 1.0 |
| NWC/Revenue: 7.46% < 20% (prev 13.39%; Δ -5.93% < -1%) |
| CFO/TA 0.11 > 3% & CFO 730.0m > Net Income 370.0m |
| Net Debt (-1.96b) to EBITDA (917.0m): -2.14 < 3 |
| Current Ratio: 1.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (144.5m) vs 12m ago -1.03% < -2% |
| Gross Margin: 28.21% > 18% (prev 0.34%; Δ 2.79k% > 0.5%) |
| Asset Turnover: 41.21% > 50% (prev 32.65%; Δ 8.57% > 0%) |
| Interest Coverage Ratio: 8.70 > 6 (EBITDA TTM 917.0m / Interest Expense TTM 80.0m) |
| A: 0.03 (Total Current Assets 4.85b - Total Current Liabilities 4.66b) / Total Assets 6.47b |
| B: -0.02 (Retained Earnings -102.0m / Total Assets 6.47b) |
| C: 0.11 (EBIT TTM 696.0m / Avg Total Assets 6.21b) |
| D: -0.02 (Book Value of Equity -122.0m / Total Liabilities 5.98b) |
| Altman-Z'' = 0.87 = B |
| DSRI: 0.92 (Receivables 1.46b/1.20b, Revenue 2.56b/1.94b) |
| GMI: 1.21 (GM 28.21% / 34.23%) |
| AQI: 1.08 (AQ_t 0.24 / AQ_t-1 0.22) |
| SGI: 1.32 (Revenue 2.56b / 1.94b) |
| TATA: -0.06 (NI 370.0m - CFO 730.0m) / TA 6.47b) |
| Beneish M = -2.68 (Cap -4..+1) = A |
As of May 30, 2026, the stock is trading at EUR 11.86 with a total of 617,228 shares traded.
Over the past week, the price has changed by +0.59%,
over one month by -1.98%,
over three months by +4.77% and
over the past year by -39.39%.
PLUXEE has no consensus analysts rating.
P/E Trailing = 8.5745
P/E Forward = 8.6356
P/S = 1.2825
P/B = 4.2333
Revenue TTM = 2.56b EUR
EBIT TTM = 696.0m EUR
EBITDA TTM = 917.0m EUR
Long Term Debt = 1.10b EUR (from longTermDebt, last quarter)
Short Term Debt = 153.0m EUR (from shortTermDebt, last quarter)
Debt = 1.35b EUR (from shortLongTermDebtTotal, last quarter) + Leases 57.0m
Net Debt = -1.96b EUR (calculated: Debt 1.35b - CCE 3.31b)
Enterprise Value = 1.68b EUR (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 8.70 (Ebit TTM 696.0m / Interest Expense TTM 80.0m)
EV/FCF = 3.10x (Enterprise Value 1.68b / FCF TTM 540.0m)
FCF Yield = 32.22% (FCF TTM 540.0m / Enterprise Value 1.68b)
FCF Margin = 21.10% (FCF TTM 540.0m / Revenue TTM 2.56b)
Net Margin = 14.46% (Net Income TTM 370.0m / Revenue TTM 2.56b)
Gross Margin = 28.21% ((Revenue TTM 2.56b - Cost of Revenue TTM 1.84b) / Revenue TTM)
Gross Margin QoQ = 27.63% (prev 29.14%)
Tobins Q-Ratio = 0.26 (Enterprise Value 1.68b / Total Assets 6.47b)
Interest Expense / Debt = 5.93% (Interest Expense 80.0m / Debt 1.35b)
Taxrate = 31.36% (53.0m / 169.0m)
NOPAT = 477.7m (EBIT 696.0m * (1 - 31.36%))
Current Ratio = 1.04 (Total Current Assets 4.85b / Total Current Liabilities 4.66b)
Debt / Equity = 3.44 (Debt 1.35b / totalStockholderEquity, last quarter 393.0m)
Debt / EBITDA = -2.14 (Net Debt -1.96b / EBITDA 917.0m)
Debt / FCF = -3.64 (Net Debt -1.96b / FCF TTM 540.0m)
Total Stockholder Equity = 333.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 5.96% (Net Income 370.0m / Total Assets 6.47b)
RoE = 85.01% (Net Income TTM 370.0m / Total Stockholder Equity 435.2m)
RoCE = 45.42% (EBIT 696.0m / Capital Employed (Equity 435.2m + L.T.Debt 1.10b))
RoIC = 25.86% (NOPAT 477.7m / Invested Capital 1.85b)
WACC = 6.43% (E(1.68b)/V(3.03b) * Re(8.34%) + D(1.35b)/V(3.03b) * Rd(5.93%) * (1-Tc(0.31)))
Discount Rate = 8.34% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -29.55 | Cagr: -0.61%
[DCF] Terminal Value 73.10% ; FCFF base≈625.4m ; Y1≈548.4m ; Y5≈443.1m
[DCF] Fair Price = 65.46 (EV 7.11b - Net Debt -1.96b = Equity 9.08b / Shares 138.6m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 90.04 | Revenue CAGR: 20.29% | SUE: N/A | # QB: 0
EPS current Year (2026-08-31): EPS=1.47 | Chg30d=-1.73% | Revisions=-33% | GrowthEPS=-2.4% | GrowthRev=-1.0%
EPS next Year (2027-08-31): EPS=1.52 | Chg30d=-0.13% | Revisions=+0% | GrowthEPS=+3.0% | GrowthRev=+0.5%
[Analyst] Revisions Ratio: -33%