Edenred SE
EDEN: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€25.00 | Ltgx | Jgcwmxhk |
Edenred Earnings: Wide-Moat Edenred Motors Into 2024
Wide-moat Edenred produced a strong start to 2024, despite investors’ concerns over the last few months that have sent the share price tumbling. Organic revenue growth was north of 20% in the first quarter, which, even stripping for interest income, came to almost 17%—a solid result. Management is sticking with its previous full-year guidance, and we maintain our EUR 76 fair value estimate. We see the shares as attractive from here.