Sodexo SA SDXAY

Consumer DiscretionaryHotels & Entertainment ServicesFrance

Last close 13.03 USD on Nov 1, 2026, +26.6% year to date

Quant rating

Quant rating D Rank 260 of 297 in Consumer Discretionary

Growth D 250 of 297
Valuation D 229 of 297
Quality D 268 of 297
Revisions D 256 of 297
Momentum A 34 of 297

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 9.7B
Enterprise value: 13.6B
52-week range: 9.08 – 13.69
3-year range: 9.08 – 18.73
Dividend yield: 4.88%
Beta (5 years): 0.61
Shares outstanding: 147M
Next earnings: –

About the company

Sodexo SA is a France-based service provider company. The Company operates through three main segments: On-site Services, Benefits & Rewards Services and Personal & Home Services. Its on-site Services delivers onsite customizable services, such as foodservices, design of workplaces, sterilization of medical devices, reception and cleaning services to Business & Administrations, Healthcare & Seniors, and Education industries. The Company benefits & rewards services provides customizable services to business customers for improve engagement, recognition, work-life balance, travel and expense management, health, and wellbeing. Its personal & Home Services covers three areas: childcare services, designed to take care of the youngest children; concierge services, to enhance the development and well-being of the clients’ employees in the workplace; home care services for seniors and adults who want to maintain their independence while enjoying the comfort of their home. It is active globally

Growth and profitability fiscal year ends August 31

Growth and profitability by fiscal year
	2026	2025	2024	2023	2022	5Y avg
Revenue (mil)	28,128	26,290	24,541	20,379	20,577	–
Revenue growth	7.0%	7.1%	20.4%	−1.0%	−10.8%	4.1%
EPS (basic, normalized)	–	1.14	–	–	–	–
EPS growth	–	–	–	–	–	–
Gross margin	11.8%	12.0%	12.0%	12.1%	13.9%	12.4%
Net margin	2.9%	3.1%	2.5%	2.5%	0.8%	2.4%
ROE	18.4%	17.7%	12.5%	13.6%	4.7%	13.4%

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Current ratio	–
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	–
Net debt / equity	–
Net debt / EBITDA	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			EBITDA (mil)			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	EV/EBITDA	Mean est.	Growth	P/E
2026 actual	28,128	+7.0%	0.5x	–	–	–	–	–	–
2027	29,281	+4.1%	0.5x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2027	29,281	0.0%	0.0%	0.0%	–	–	–	–
2028	–	–	–	–	–	–	–	–
2029	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	FQ0
Sales reported (mil)	–	–	–	–	–	–	–	–	–	–
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	–
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

FQ0 is the most recent reported quarter, FQ-1 the one before, and so on.

Peer comparison Hotels & Entertainment Services

Peers in the same industry group, by market capitalization
Company	Market cap	Net debt/EBITDA	Net margin	P/B	FY1 P/E	FY2 P/E	FY1 EV/EBITDA	FY2 EV/EBITDA
SDXAY Sodexo SA	9.7B	–	2.9%	2.26x	–	–	–	–
MCD McDonald's Corp	182.7B	2.63x	31.9%	−178.54x	20.1x	18.8x	14.2x	13.6x
SBUX Starbucks Corp	118.2B	1.58x	5.0%	−15.40x	32.6x	27.8x	19.2x	17.2x
MAR Marriott International, Inc.	104.1B	3.06x	9.9%	−23.10x	34.0x	30.5x	20.1x	18.7x
CPG Compass Group PLC	57.3B	–	4.1%	7.21x	22.9x	20.8x	12.8x	11.8x
YUM Yum! Brands, Inc.	42.4B	4.01x	19.0%	−5.97x	24.2x	22.2x	18.2x	17.3x
Mean		2.82x	12.1%	−35.59x	26.8x	24.0x	16.9x	15.7x
Median		2.85x	7.5%	−10.68x	24.2x	22.2x	18.2x	17.2x

Technical analysis

1M+0.2%
3M−1.3%
1Y+16.9%
3Y+45.1%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, Sodexo SA, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Total revenue	28,128	26,290	24,541	20,379	20,577	23,062
Cost of revenue	24,818	23,147	21,592	17,909	17,717	20,103
Gross profit	3,310	3,143	2,949	2,470	2,860	2,959
Selling, general & administrative expenses	1,985	1,923	1,900	1,657	2,183	2,285
Research & development	–	–	–	–	–	–
Depreciation/amortization	40.9	38.7	39.0	36.2	39.0	28.6
Interest expense (income), operating	−5.8	−5.5	−9.8	−7.0	−4.7	−4.8
Unusual expense (income)	117	21.0	101	−35.2	244	548
Other operating expenses	22.2	4.4	0	2.0	−2.4	25.1
Operating income	1,151	1,161	918	817	400	77.6
Net interest income (expense)	−94.6	−78.4	−86.7	−85.5	−116	−149
Gain (loss) on sale of assets	–	–	–	–	–	–
Other non-operating income (expense)	0	17.7	−19.5	−1.0	−4.7	−192
Net income before taxes	1,056	1,100	812	730	280	−264
Provision for taxes	231	275	196	207	119	117
Minority interest	−12.9	−9.9	−8.7	−6.0	2.4	4.8
Equity in affiliates	–	–	–	–	–	–
U.S. GAAP adjustment	–	–	–	–	–	–
Net income before extraordinary items	812	815	607	517	163	−376
Extraordinary items	0	−630	254	182	–	–
Net income	812	186	861	699	163	−376
EBIT, normalized	1,261	1,178	1,015	774	646	621
EBITDA, normalized	1,833	1,698	1,513	1,308	1,322	1,408
Basic EPS, normalized	–	1.14	–	–	–	–

Balance sheet in millions of USD, fiscal years

Balance sheet, Sodexo SA, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Assets
Cash & short-term investments	2,443	2,361	2,195	3,301	4,225	2,467
Receivables	4,372	4,106	3,786	5,016	5,000	4,751
Total inventory	355	356	351	354	302	309
Prepaid expenses	220	213	242	252	229	242
Other current assets	0	30.9	5,772	1,269	1,616	1,330
Total current assets	7,390	7,067	12,346	10,193	11,372	9,099
Property, plant & equipment	1,387	1,353	1,406	1,413	1,610	2,252
Goodwill	6,314	6,147	6,036	6,649	6,861	6,880
Intangibles	592	482	486	682	745	803
Long-term investments	1,130	1,084	1,819	1,612	1,494	1,336
Note receivable	211	176	156	163	109	140
Other long-term assets	325	289	294	328	231	203
Total assets	17,350	16,597	22,543	21,039	22,423	20,713
Liabilities
Accounts payable	3,062	2,885	2,712	2,722	2,573	2,267
Payable/accrued	–	–	–	–	–	–
Accrued expenses	1,402	1,313	1,301	1,481	1,485	1,225
Short-term debt	1.2	3.3	0	8.0	8.3	7.2
Current portion of long-term debt	1,135	960	743	220	958	301
Other current liabilities	1,221	1,380	5,868	4,893	5,429	5,445
Total current liabilities	6,821	6,542	10,624	9,325	10,453	9,244
Long-term debt	5,204	5,044	6,222	6,503	7,338	7,282
Minority interest	15.2	17.7	13.0	10.1	8.3	17.9
Other liabilities	886	815	760	761	883	876
Total liabilities	12,926	12,419	17,619	16,599	18,682	17,421
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	689	652	640	593	697	704
Additional paid-in capital	290	274	269	249	293	296
Retained earnings (accumulated deficit)	4,178	3,693	4,895	4,015	4,079	3,774
Treasury stock	–	–	–	–	–	–
Other equity	−734	−441	−879	−417	−1,328	−1,482
Total equity	4,424	4,178	4,924	4,440	3,740	3,292
Total liabilities & shareholders' equity	17,350	16,597	22,543	21,039	22,423	20,713

Cash flow statement in millions of USD, fiscal years

Cash flow statement, Sodexo SA, fiscal years, most recent first
	2026	2025	2024	2023	2022	2021
Operating activities
Net income	1,151	1,161	918	1,060	400	77.6
Depreciation, depletion & amortization	573	519	497	526	710	1,069
Deferred taxes	–	–	–	–	–	–
Non-cash items	−28.0	89.5	543	−63.4	64.9	221
Changes in working capital	−569	−312	−466	−482	−16.5	−616
Cash from operations	1,126	1,458	1,492	1,041	1,158	752
Investing activities
Capital expenditures	−389	−395	−366	−347	−349	−475
Other investing cash flows	−66.6	−761	−204	−41.2	−8.3	−38.2
Cash from investing	−456	−1,157	−570	−388	−358	−513
Financing activities
Financing cash flow items	−16.4	1,172	−56.4	−5.0	−33.1	−39.4
Cash dividends paid	−453	−1,517	−382	−296	0	−507
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−150	−1,149	−262	−815	965	783
Cash from financing	−619	−1,494	−700	−1,115	932	236
Foreign exchange effects	−103	−18.8	−207	146	52.0	−147
Net change in cash	−51.4	−1,211	14.1	−317	1,784	328
Free cash flow	737	1,063	1,125	694	809	277

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 1, 2026 after market close.