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French vehicle leasing and fleet management company formed from the ALD-LeasePlan merger, majority-owned by Societe Generale.
French vehicle leasing and fleet management company formed from the ALD-LeasePlan merger, majority-owned by Societe Generale.
Earns monthly rentals on multi-year leases that bundle maintenance, insurance and tires, plus a gain or loss when returned cars are resold, which makes used-car prices a swing factor. The 2023 purchase of LeasePlan by ALD created one of the world's biggest fleets, and the combined company was renamed Ayvens.
Moat: narrow (scale, distribution, installed base). One of the largest global vehicle-leasing fleets after merging ALD and LeasePlan.
Headquarters: Paris, France · Founded: 2023 · Employees: 13,217
Size Ayvens (AYV.PA) is a France Financials company (Finance/Rental/Leasing) with a market value of $8.45B, the 52nd largest of 206 France companies the cockpit tracks. Shares closed at €9.62 on 6 Nov 2026.
Performance Over six months the shares fell 16.1%, against -9.3% for the median peer and -0.4% for the France market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue fell 0.1% over the last twelve months (peer median +7.4%); the operating margin is 12.1% (peer median 34.9%).
Valuation It trades at 0.68× book value against a peer median of 1.82× (cheapest of 21).
Price implies The share price implies a return on equity of about 8.0%; Ayvens delivers 9.2%, so the price asks less than the business earns today.
Credit Ayvens has 12 bonds outstanding ($9.47B), rated A- by the agencies and trading like A+ at a weighted spread of 62 bp.
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €25.1B | €24.9B | €25.0B | €18.6B | €11.4B |
| Revenue growth | — | 0% | +34% | +64% | — |
| Gross profit | €3.60B | €3.74B | €3.16B | €2.69B | €2.20B |
| EBITDA | €11.3B | €11.8B | €11.3B | €8.49B | €5.50B |
| Net income | €1.02B | €996M | €684M | €838M | €1.22B |
| Free cash flow | -€7.00B | -€6.83B | -€11.0B | -€10.3B | -€4.64B |
| Capital expenditure | €16.7B | €18.0B | €21.9B | €18.5B | €9.66B |
| Total debt | n/a | €51.0B | €54.7B | €49.7B | €20.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Ayvens AYV.PA | $8.45B | -16% | 0% | 9% | 0.68× | 8.0% |
| Element Fleet Management EFN.TO | $5.61B | -31% | +5% | 11% | 2.06× | 9.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | AYV.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.8% | +0.2% | 2nd highest of 21 |
| 6-month return | -16.1% | -9.3% | 8th lowest of 21 |
| Return on equity | 9.2% | 12.5% | 4th lowest of 21 |
| Price / book | 0.68× | 1.82× | cheapest of 21 |
| Trailing P/E | 7.6× | 14.0× | 3rd cheapest of 21 |
| ROE the price implies | 8.0% | 16.8% | 6th least demanding of 21 |
| ROE delivered | 9.2% | 12.4% | 4th lowest of 20 |
| Bond spread | 62 bp | 108 bp | tightest of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Ayvens AYV.PA | France | $8.45B | -16% | 0% | 9% | 0.68× | 8.0% | 9.2% |
| REC RECLTD.NS | India | $8.27B | -18% | -3% | 17% | 0.83× | 15.1% | 17.0% |
| FirstCash FCFS | United States | $7.96B | -18% | +23% | 18% | 3.50× | 19.9% | 18.2% |
| Tokyo Century 8439.T | Japan | $7.50B | +12% | +8% | 12% | 1.01× | 7.7% | 11.6% |
| L&T Finance LTF.NS | India | $7.36B | -9% | +17% | 12% | 2.38× | 45.8% | 12.3% |
| Piramal Finance PIRAMALFIN.NS | India | $7.17B | +13% | +71% | 7% | 1.58× | 13.0% | 6.5% |
| BOC Aviation 2588.HK | Hong Kong | $7.09B | -3% | -2% | 12% | 1.01× | 6.2% | 11.8% |
| Bajaj Housing Finance BAJAJHFL.NS | India | $7.05B | -9% | +17% | 12% | 2.77× | 41.1% | 12.4% |
| Jiangsu Financial Leasing 600901.SS | China | $6.66B | +12% | +14% | 13% | 1.67× | 5.9% | 13.5% |
| OneMain OMF | United States | $6.42B | 0% | +6% | 23% | 1.90× | 18.5% | 22.7% |
| Indian Railway Finance IRFC.NS | India | $11.1B | -25% | +13% | 13% | 1.74× | 28.2% | 12.6% |
| Ally Financial ALLY | United States | $11.5B | -14% | +5% | 10% | 0.88× | 9.8% | 9.9% |
| Power Finance PFC.NS | India | $11.5B | -28% | +4% | 21% | 0.76× | 14.4% | n/a |
| Mitsubishi HC Capital 8593.T | Japan | $11.9B | -9% | +1% | 7% | 0.93× | 5.9% | 7.2% |
| SBI Cards & Payment Services SBICARD.NS | India | $5.89B | -10% | +6% | 16% | 3.24× | 40.7% | 16.3% |
| Muthoot Finance MUTHOOTFIN.NS | India | $12.2B | -20% | +47% | 32% | 2.62× | 32.0% | 31.8% |
| One 97 Communications PAYTM.NS | India | $12.2B | +50% | +24% | 5% | 6.92× | 47.0% | 5.4% |
| Chailease 5871.TW | Taiwan | $5.74B | -10% | -4% | 12% | 0.97× | 3.8% | 11.5% |
| Element Fleet Management EFN.TO | Canada | $5.61B | -31% | +5% | 11% | 2.06× | 9.2% | 10.6% |
| Credit Acceptance CACC | United States | $5.37B | -1% | +2% | 23% | 3.86× | 38.2% | 22.7% |
| Figure Technology Solutions FIGR | United States | $5.10B | -40% | +66% | 26% | 3.58× | 26.5% | 26.2% |
Ayvens has 12 bonds outstanding with $9.47B face value. The agencies rate it A-; its bonds trade like A+. Weighted yield 3.93%, a spread of 62 bp over government bonds.