Wendel
Look-through NAV vs. the share price — the "basket" (sum of its stakes + private assets − net debt) against what the market pays for the holdco. The gap is the discount/premium; watch it widen and narrow. S&P 500 · MF.PA.
Discount
-49.3%
NAV / share
€161.81
Price
€82
z-score
-0.33
Mark-to-mkt
31%
Cheap vs own history:20ᵗʰ percentile of its 3yr discount rangez -0.4 6mz -0.3 1yz -1.0 3y
NAV / share (basket) Share price€ per share
Discount / premium to NAV over time
Look-through basket · €6.5B NAV
| Bureau Veritas BVI.PA | €1.8B | 27% | |
| IHS Towers IHS | €461M | 7% | |
| Other / private / cash (static, 2026-03) | €4.9B | net debt €590M | |
French holdco mid-transition — only ~27% listed (Bureau Veritas, being sold down; IHS, being taken out for cash); the bulk is private (Stahl, sold to Henkel; IK Partners + Monroe asset-management). NAV ≈ €158/sh, a wide ~−51% discount (private-heavy NAV draws more skepticism).
Stake prices + FX live; net debt / private NAV / share counts are estimates — verify against the holdco's NAV statement. Not investment advice.