Pluxee N.V (PLXNF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Pluxee N.V $34.16, price $15.05, upside +127.0%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Pluxee N.V. offers employee benefits and engagement solutions services in France, Latin America, Continental Europe, and internationally.
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Pluxee N.V. offers employee benefits and engagement solutions services in France, Latin America, Continental Europe, and internationally. The company provides employee benefits comprising meal, food, gift, mobility, training, insurance, and wellness benefits as well as engagement solutions; health, mental and physical well-being, leisure and culture, hybrid work, training, and uniforms; and other products and services, including rewards and recognition, public benefits, and fuel, fleet and expense management solutions. Its products are distributed through pre-paid cards, unreimbursed cards, digital solutions, paper vouchers. Pluxee N.V. was formerly known as Sodexo Asset Management 2 B.V. and changed its name to Pluxee N.V. in December 2023. The company was incorporated in 2022 and is headquartered in Issy-les-Moulineaux, France.
Stock analysis
Pluxee N.V (PLXNF) currently trades at $15.05, while our model-based Fair Value estimate is $34.16, implying the stock looks roughly 55.9% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $47.71 per share, and 21 of the 24 models we run sit above the $15.05 price.
Bear case: the Economic Profit group reads lowest at $10.54, and 3 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $25.62 (bear) to $74.41 (bull), the price of $15.05 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Industrials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Pluxee N.V reported revenue of €1.3B in FY2025 versus €842M in FY2022, a compound +15.2%/yr. Reported net income was €197M in FY2025, compounding +4.2%/yr from FY2022.
Key figures
Market cap $2.2B · P/E ratio 9.2 · P/S ratio 1.40 · EPS (TTM) $1.64 · Net margin 15.3% · Return on assets (EBIT) 5.1% · Operating margin 27.5% · Revenue (TTM) €1.3B.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
For context, the median of 10 Industrials peers we cover trades at 1% fair-value upside, at 127%, PLXNF screens cheaper than that median.
Fair Value models
Bear $25.62Fair Value $34.16Bull $74.41
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($1.64 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+6.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.2%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+13.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+13.7%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.25% → 28%
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−18.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+0.2%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about −20.3% a year for the price and −2.0% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Business Services · 231 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+115.4% · Top 25%
Profitability
Return on assets0.0% · Bottom 25%
Net margin (TTM)15.7% · Top 25%
Operating margin (TTM)27.5% · Top 25%
Growth and dividend
Revenue growth3.2% · Below median
Dividend yield (TTM)0.0% · Bottom 25%
Balance sheet
Debt / equity2.96× · Highest 25%
Valuation Multiplesvs Specialty Business Services median · lower = cheaper
P/E (TTM)9.2× · Cheapest 25%
P/B5.28× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Pluxee N.V Fair Value". https://www.fairvalue-calculator.com/stock/PLXNF
Frequently asked questions
Is Pluxee N.V (PLXNF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $34.16 versus the last price from Sep 25, 2026 of $15.05, about +127% upside (undervalued).
What is the fair value of PLXNF?
Our model-based fair value for Pluxee N.V is $34.16 (as of Sep 24, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $15.05.
What is the quality score of PLXNF?
Pluxee N.V has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Pluxee N.V (PLXNF)?
Our model-based price target is the fair value of $34.16 (as of Sep 24, 2026) from 24 valuation models. Cautious scenario $25.62, optimistic scenario $74.41. It is a calculation from audited fundamentals, not an analyst target.
What is the Pluxee N.V stock forecast for 2026?
Our models put fair value at $34.16, about +127% upside versus the last price from Sep 25, 2026 of $15.05 (undervalued). Cautious scenario $25.62, optimistic scenario $74.41. The calculation is refreshed regularly with new filings.
What is the revenue of Pluxee N.V (PLXNF)?
Pluxee N.V reported trailing-twelve-month revenue of about €1.3B (latest available figure, as of Sep 24, 2026).
What growth is priced into Pluxee N.V (PLXNF)?
For today's price to be fair in a discounted-cash-flow model, Pluxee N.V would have to grow free cash flow by -18.6 % per year for five years (discount rate 10.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +15.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of PLXNF use?
Our models discount Pluxee N.V at 10.1 %: a base by market capitalisation (small), damped by beta 0.61, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Pluxee N.V that is -18.6 % per year a year over ten years, using the same discount rate (10.1 %) and the same formula as our fair value.
How much growth has Pluxee N.V (PLXNF) delivered so far?
Over the past 3 years revenue at Pluxee N.V grew +15.2 % a year. The price currently implies -18.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Pluxee N.V (PLXNF) growing?
The median revenue growth in the sector is +7.0 % a year. That is the yardstick for the growth priced into Pluxee N.V (-18.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Pluxee N.V (PLXNF)?
The free-cash-flow yield on the price is 21.06 %: that much free cash flow Pluxee N.V produces per unit of market value. When it exceeds the discount rate of our models (10.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Pluxee N.V (PLXNF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Pluxee N.V it is $34.16 per share (as of Sep 24, 2026), against a price of $15.05. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Pluxee N.V stock overvalued or undervalued in 2026?
As of Sep 24, 2026, PLXNF trades below its calculated fair value: price $15.05, fair value $34.16, a gap of about +127% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PLXNF?
No. The price is what the market pays today ($15.05); the fair value is what the company's own numbers justify ($34.16). For Pluxee N.V the two are $19.11 per share apart. That gap is exactly why we show both numbers side by side.
How much is Pluxee N.V worth?
The market values Pluxee N.V at about $2.2B (market capitalisation, as of Sep 24, 2026). Per share that is $15.05; our models calculate a fair value of $34.16 per share.
What do the bullish and bearish scenarios say about PLXNF?
Our models span a range for Pluxee N.V: cautious scenario $25.62, base $34.16, optimistic $74.41 per share (as of Sep 24, 2026, price $15.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PLXNF?
Pluxee N.V trades at a price-to-earnings ratio of 9.2 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $34.16 is built from several models across several years. Other multiples: P/B 5.3, P/S 1.5, EV/EBITDA 3.4.
How solid is the balance sheet of Pluxee N.V (PLXNF)?
Balance-sheet figures for Pluxee N.V (as of Sep 24, 2026): debt of 2.96 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
Which stocks are comparable to Pluxee N.V?
From the same area (Industrials) we also value Cintas Corporation, Thomson Reuters Corporation, Copart, Inc, Global Payments Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Pluxee N.V stock attractive at the current price?
The data as of Sep 24, 2026: price $15.05, calculated fair value $34.16 (+127%), Quality Score 67/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PLXNF calculated?
We run Pluxee N.V through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $34.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Pluxee N.V currently trades 56 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Pluxee N.V (PLXNF)?
The latest price we hold is from Sep 25, 2026 and stands at $15.05. Our model-based fair value is $34.16, about +127% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Pluxee N.V right now?
The price is below even our cautious bear case ($25.62). The market is more pessimistic than our downside scenario. The model range is unusually wide ($25.62 to $74.41). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Pluxee N.V
How large is the market capitalisation of Pluxee N.V (PLXNF)?
The market capitalisation of Pluxee N.V is $2.2B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Pluxee N.V (PLXNF)?
The price-to-sales ratio of Pluxee N.V is 1.40 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Pluxee N.V (PLXNF)?
Earnings per share at Pluxee N.V are $1.64 (price ÷ EPS = P/E 9.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Pluxee N.V (PLXNF)?
The net margin of Pluxee N.V is 15.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Pluxee N.V (PLXNF)?
On an EBIT basis the return on assets of Pluxee N.V is 5.1% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Pluxee N.V (PLXNF)?
The operating margin of Pluxee N.V is 27.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Pluxee N.V (PLXNF)?
Revenue at Pluxee N.V is growing +3.2% versus a year earlier (3y avg +15.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Pluxee N.V (PLXNF)?
Earnings per share at Pluxee N.V are growing +10.6% versus a year earlier. How much earnings per share grew versus a year earlier.
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Sep 24, 2026