WENDEL (MF.PA) Fundamental Analysis & Valuation

EPA:MF • FR0000121204

85 EUR
+0.75 (+0.89%)
Last: Mar 4, 2026, 05:29 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This MF.PA fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

Overall MF gets a fundamental rating of 4 out of 10. We evaluated MF against 55 industry peers in the Financial Services industry. While MF seems to be doing ok healthwise, there are quite some concerns on its profitability. MF is not valued too expensively and it also shows a decent growth rate. Finally MF also has an excellent dividend rating.


Dividend Valuation Growth Profitability Health

3

1. MF.PA Profitability Analysis

1.1 Basic Checks

  • MF had negative earnings in the past year.
  • In the past year MF had a positive cash flow from operations.
  • MF had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years MF had a positive operating cash flow.
MF.PA Yearly Net Income VS EBIT VS OCF VS FCFMF.PA Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

1.2 Ratios

  • Looking at the Return On Assets, with a value of -0.91%, MF is doing worse than 70.91% of the companies in the same industry.
  • MF has a Return On Equity of -4.32%. This is in the lower half of the industry: MF underperforms 70.91% of its industry peers.
  • The Return On Invested Capital of MF (3.46%) is comparable to the rest of the industry.
  • MF had an Average Return On Invested Capital over the past 3 years of 3.51%. This is below the industry average of 8.26%.
Industry RankSector Rank
ROA -0.91%
ROE -4.32%
ROIC 3.46%
ROA(3y)0.65%
ROA(5y)2.78%
ROE(3y)3.37%
ROE(5y)14.78%
ROIC(3y)3.51%
ROIC(5y)3.79%
MF.PA Yearly ROA, ROE, ROICMF.PA Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

1.3 Margins

  • MF's Operating Margin of 11.35% is in line compared to the rest of the industry. MF outperforms 49.09% of its industry peers.
  • In the last couple of years the Operating Margin of MF has grown nicely.
  • MF does not have Profit Margin and Gross Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM 11.35%
PM (TTM) N/A
GM N/A
OM growth 3Y0.42%
OM growth 5Y10.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
MF.PA Yearly Profit, Operating, Gross MarginsMF.PA Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5 10

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4

2. MF.PA Health Analysis

2.1 Basic Checks

  • MF has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • The number of shares outstanding for MF remains at a similar level compared to 1 year ago.
  • MF has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, MF has an improved debt to assets ratio.
MF.PA Yearly Shares OutstandingMF.PA Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M
MF.PA Yearly Total Debt VS Total AssetsMF.PA Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.2 Solvency

  • MF has an Altman-Z score of 1.21. This is a bad value and indicates that MF is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.21, MF is in line with its industry, outperforming 54.55% of the companies in the same industry.
  • MF has a debt to FCF ratio of 5.87. This is a neutral value as MF would need 5.87 years to pay back of all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 5.87, MF is in the better half of the industry, outperforming 67.27% of the companies in the same industry.
  • A Debt/Equity ratio of 1.48 is on the high side and indicates that MF has dependencies on debt financing.
  • MF's Debt to Equity ratio of 1.48 is on the low side compared to the rest of the industry. MF is outperformed by 70.91% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 5.87
Altman-Z 1.21
ROIC/WACC0.62
WACC5.57%
MF.PA Yearly LT Debt VS Equity VS FCFMF.PA Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

2.3 Liquidity

  • A Current Ratio of 1.51 indicates that MF should not have too much problems paying its short term obligations.
  • MF's Current ratio of 1.51 is fine compared to the rest of the industry. MF outperforms 61.82% of its industry peers.
  • MF has a Quick Ratio of 1.50. This is a normal value and indicates that MF is financially healthy and should not expect problems in meeting its short term obligations.
  • With a decent Quick ratio value of 1.50, MF is doing good in the industry, outperforming 65.45% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.51
Quick Ratio 1.5
MF.PA Yearly Current Assets VS Current LiabilitesMF.PA Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. MF.PA Growth Analysis

3.1 Past

  • MF shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -153.03%.
  • MF shows a small growth in Revenue. In the last year, the Revenue has grown by 6.10%.
  • Measured over the past years, MF shows a small growth in Revenue. The Revenue has been growing by 2.07% on average per year.
EPS 1Y (TTM)-153.03%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-67.58%
Revenue 1Y (TTM)6.1%
Revenue growth 3Y-4.54%
Revenue growth 5Y2.07%
Sales Q2Q%5.01%

3.2 Future

  • MF is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.56% yearly.
  • The Revenue is expected to grow by 3.79% on average over the next years.
EPS Next Y28.68%
EPS Next 2Y29.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.82%
Revenue Next 2Y3.79%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
MF.PA Yearly Revenue VS EstimatesMF.PA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2B 4B 6B 8B 10B
MF.PA Yearly EPS VS EstimatesMF.PA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 5 10 15

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5

4. MF.PA Valuation Analysis

4.1 Price/Earnings Ratio

  • MF reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • A Price/Forward Earnings ratio of 14.31 indicates a correct valuation of MF.
  • The rest of the industry has a similar Price/Forward Earnings ratio as MF.
  • When comparing the Price/Forward Earnings ratio of MF to the average of the S&P500 Index (24.95), we can say MF is valued slightly cheaper.
Industry RankSector Rank
PE N/A
Fwd PE 14.31
MF.PA Price Earnings VS Forward Price EarningsMF.PA Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, MF is valued a bit cheaper than 80.00% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, MF is valued cheaply inside the industry as 92.73% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 3.21
EV/EBITDA 4.64
MF.PA Per share dataMF.PA EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 -50 100 150

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as MF's earnings are expected to grow with 29.56% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y29.56%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

7

5. MF.PA Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 5.69%, MF is a good candidate for dividend investing.
  • MF's Dividend Yield is rather good when compared to the industry average which is at 2.26. MF pays more dividend than 87.27% of the companies in the same industry.
  • Compared to an average S&P500 Dividend Yield of 1.82, MF pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.69%

5.2 History

  • On average, the dividend of MF grows each year by 17.25%, which is quite nice.
Dividend Growth(5Y)17.25%
Div Incr Years4
Div Non Decr Years4
MF.PA Yearly Dividends per shareMF.PA Yearly Dividends per shareYearly Dividends per share 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • MF has negative earnings and hence a negative payout ratio. The dividend may be in danger.
  • MF's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP-173.39%
EPS Next 2Y29.56%
EPS Next 3YN/A
MF.PA Yearly Income VS Free CF VS DividendMF.PA Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B

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MF.PA Fundamentals: All Metrics, Ratios and Statistics

WENDEL

EPA:MF (3/4/2026, 5:29:52 PM)

85

+0.75 (+0.89%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryFinancial Services
Earnings (Last)02-26
Earnings (Next)04-23
Inst Owners15.36%
Inst Owner ChangeN/A
Ins Owners0.73%
Ins Owner ChangeN/A
Market Cap3.64B
Revenue(TTM)7.57B
Net Income(TTM)-151.80M
Analysts83.75
Price Target110.57 (30.08%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.69%
Yearly Dividend6.2
Dividend Growth(5Y)17.25%
DP-173.39%
Div Incr Years4
Div Non Decr Years4
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.9%
PT rev (3m)-0.18%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)7.42%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.37%
Revenue NY rev (3m)1.19%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 14.31
P/S 0.48
P/FCF 3.21
P/OCF 2.71
P/B 1.04
P/tB N/A
EV/EBITDA 4.64
EPS(TTM)-3.59
EYN/A
EPS(NY)5.94
Fwd EY6.99%
FCF(TTM)26.5
FCFY31.18%
OCF(TTM)31.38
OCFY36.92%
SpS176.74
BVpS82.11
TBVpS-65.78
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -0.91%
ROE -4.32%
ROCE 6.62%
ROIC 3.46%
ROICexc 4.67%
ROICexgc 13.74%
OM 11.35%
PM (TTM) N/A
GM N/A
FCFM 15%
ROA(3y)0.65%
ROA(5y)2.78%
ROE(3y)3.37%
ROE(5y)14.78%
ROIC(3y)3.51%
ROIC(5y)3.79%
ROICexc(3y)4.66%
ROICexc(5y)5.11%
ROICexgc(3y)13.18%
ROICexgc(5y)15.67%
ROCE(3y)6.72%
ROCE(5y)7.25%
ROICexgc growth 3Y-20.89%
ROICexgc growth 5Y0.41%
ROICexc growth 3Y-11.8%
ROICexc growth 5Y6.23%
OM growth 3Y0.42%
OM growth 5Y10.95%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score4
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 5.87
Debt/EBITDA 3.57
Cap/Depr 35.07%
Cap/Sales 2.76%
Interest Coverage 250
Cash Conversion 92.4%
Profit Quality N/A
Current Ratio 1.51
Quick Ratio 1.5
Altman-Z 1.21
F-Score4
WACC5.57%
ROIC/WACC0.62
Cap/Depr(3y)33.82%
Cap/Depr(5y)39.33%
Cap/Sales(3y)2.96%
Cap/Sales(5y)3.06%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-153.03%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-67.58%
EPS Next Y28.68%
EPS Next 2Y29.56%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)6.1%
Revenue growth 3Y-4.54%
Revenue growth 5Y2.07%
Sales Q2Q%5.01%
Revenue Next Year4.82%
Revenue Next 2Y3.79%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y1.95%
EBIT growth 3Y-4.14%
EBIT growth 5Y13.25%
EBIT Next Year56.49%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y9.25%
FCF growth 3Y7.06%
FCF growth 5Y3.04%
OCF growth 1Y7.97%
OCF growth 3Y4.01%
OCF growth 5Y2.35%

WENDEL / MF.PA FAQ

What is the fundamental rating for MF stock?

ChartMill assigns a fundamental rating of 4 / 10 to MF.PA.


What is the valuation status of WENDEL (MF.PA) stock?

ChartMill assigns a valuation rating of 5 / 10 to WENDEL (MF.PA). This can be considered as Fairly Valued.


What is the profitability of MF stock?

WENDEL (MF.PA) has a profitability rating of 3 / 10.


Is the dividend of WENDEL sustainable?

The dividend rating of WENDEL (MF.PA) is 7 / 10 and the dividend payout ratio is -173.39%.