Wendel (WNDLF)
InfravaloradaFundamental
43
Precio
$80.40
Capitalización Bursátil
$3.13B
Parte 1 · Cuánto vale la empresa
Resumen
Wendel is a French investment holding company: it does not sell a product of its own, it buys controlling or influential stakes in other companies and manages them over long horizons, then eventually sells. It also runs a separate business managing private-market funds for outside investors — the IK Partners and Monroe Capital platforms, together overseeing about €47 billion of third-party money. Its own capital, valued at €164.2 net asset value per share at the end of 2025, is invested across roughly a dozen companies spanning testing and certification, education, professional training, engineering consulting and specialty chemicals.
Cómo genera ingresos
Wendel's consolidated financial statements report the full sales of the portfolio companies it controls, not just its share of their profits, which is why its reported 2025 net sales of about €7.6 billion are dominated by Bureau Veritas, a testing and certification company Wendel controls through governance rights despite owning only about a quarter of its shares. Companies where Wendel holds influence but not control, such as Tarkett and Globeducate, are booked only as a share of profit rather than added to consolidated sales. On top of this, Wendel earns management fees from the private-fund platforms it operates for outside investors.
Los argumentos a favor
Buyers argue that Wendel's stock has historically traded at a discount to the sum of its stakes' market and private valuations, that a shift toward managing third-party private-fund capital diversifies income away from any single portfolio company, and that experienced, long-horizon ownership lets the underlying businesses invest without quarterly pressure.
Los argumentos en contra
Sellers fear that a holding company's value depends on decisions made inside businesses it does not fully own, that concentration in a handful of large stakes such as Bureau Veritas leaves little room for error in any one of them, and that the conglomerate discount can persist indefinitely rather than close.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
No editorial profile for this company yet
No competitor list for this company yet.
Balance y Liquidez
Ingresos
$6.71B
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Beneficio Neto
$-78M
Últimos 12 meses hasta el último trimestre publicado — estimación a partir de métricas por acción
Flujo de Caja Libre
$-353M
Patrimonio Neto Total
$3.07B
Pasivo Total
$5.65B
Ratio de Liquidez
1.38
Cobertura de Intereses
-
Deuda/EBITDA
5.34
Beneficio Por Acción
Ingresos y Beneficio Neto
Flujo de Caja Libre
Desglose de Ingresos
Estado histórico
Márgenes en el tiempo
La deuda en el tiempo
Cuánto pesa la deuda
Cuadro de crecimiento
Crecimiento — Ingresos
Estimación de Valor Justo
Valor Justo
$130.96
Precio Actual
$80.40
Margen de Seguridad
+38.6%
Rango de Valor Justo
$100.59 - $161.33
Dispersión entre los métodos de valoración utilizados, no un intervalo de confianza calibrado estadísticamente.
Métodos de Estimación
Métricas de Valoración
Ratio P/E
-
ROE
8.0%
Ratio P/B
1.01
P/FCF
-
Margen Bruto
11.6%
ROIC
9.0%
Radar de Rentabilidad
Creación de Valor (Ventaja Competitiva)
ROIC
9.0%
WACC
3.9%
ROIC − WACC
+5.1 pp
El ROIC supera el coste del capital: la empresa está creando valor para los accionistas.
Criterios de Análisis Fundamental
Superado (7)
- ROIC 9.0%
- P/B Ratio 1.01
- Debt/Equity ratio
- Operating Margin 12.5%
- Current Ratio
- Debt/EBITDA
- Analyst Consensus 75% Buy
Fallido (8)
- Price CAGR -2.80%
- Gross Margin 11.6%
- Positive Free Cash Flow
- DCF valuation (Unknown)
- ROE -2.6%
- Revenue Growth 5Y 2.1%
- Net Margin Trend -2.0% vs 3.6%
- Piotroski F-Score 2/9
No disponible (12)
- EPS data insufficient
- P/FCF NaN
- Dividend Payout NaN%
- CapEx intensity
- Interest Coverage
- Return on Tangible Assets
- Low reliance on intangibles
- Price below Graham Number
- Earnings Surprise (Finnhub)
- PEG Ratio (need PE > 0 and growth > 0)
- Earnings Quality (OCF/Net Income)
- Share Dilution (missing shares data)
Piotroski F-Score
Preocupaciones financieras graves
Calidad de los Beneficios
Baja calidad: investigue la contabilidad
Dilución de Acciones
Recomprando acciones. Favorable para el accionista
Participaciones institucionales
No hay declaraciones institucionales para esta empresa.
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| Mr. Laurent Mignon | Group CEO & Chairman of the Executive Board | 62 |
| Mr. David Darmon | Deputy CEO & Member of Executive Board | 52 |
| Ms. Harper Mates | MD, CEO of Wendel NA & Employee Representative Member of Supervisory Board | 43 |
| Mr. Benoit Drillaud | Chief Financial Officer | 50 |
| Mr. Cyril Marie | Executive VP of Asset Management & Member of Executive Board | 51 |
| Mr. Sébastien Metzger | General Counsel | 44 |
| Ms. Christine Anglade-Pirzadeh | Director of Communications, ESG & Sustainable Development and Advisor to the Executive Board | 54 |
| Ms. Laure Delabeye | Director of Human Resources & Services | 54 |
| Mr. Jérôme Michiels | Executive Vice President | 50 |
| Mr. Nabil Bennis | Head of Valuation & Investment Strategy Performance Monitoring | 35 |
Riesgo de Auditoría
5
Riesgo del Consejo
6
Riesgo de Compensación
2
Riesgo de Derechos del Accionista
7
Parte 2 · El precio y el momento de entrar
Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.
Latest News
Recent headlines for WNDLF, sourced from Markets Gazette.