Loading…
French listed private-equity and asset-management firm investing in buyout, growth-equity, private-debt and real-assets funds.
French listed private-equity and asset-management firm investing in buyout, growth-equity, private-debt and real-assets funds.
Has moved from investing mainly its own balance sheet to managing money for outside investors, earning recurring management fees on those funds and performance fees (carried interest) when investments are sold at a profit. It still holds investments of its own, so reported results move with valuations and sales of those holdings.
In one line: A French Blackstone/Apollo, but smaller.
Moat: narrow (brand, scale). Established European mid-market PE brand and fundraising track record, competing with much larger global managers.
Headquarters: Paris, France · Founded: 1969 · Employees: 588
Size Eurazeo (RF.PA) is a France Financials company (Investment Managers) with a market value of $3.70B, the 77th largest of 206 France companies the cockpit tracks. Shares closed at €49.38 on 6 Nov 2026.
Performance Over six months the shares gained 2.5%, against +2.5% for the median peer and -0.4% for the France market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 18.1% over the last twelve months (peer median +21.0%); the operating margin is -2.3% (peer median 31.1%).
Valuation It trades at 0.53× book value against a peer median of 3.25× (2nd cheapest of 21).
Price implies The share price implies a return on equity of about 7.7%; Eurazeo delivers -1.6%, so the price asks more than the business earns today.
Credit Eurazeo has 1 bond outstanding ($557M), rated BBB by the agencies and trading like BB+ at a weighted spread of 184 bp.
Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €459M | €428M | €381M | €2.25B | €5.59B |
| Revenue growth | — | +12% | -83% | -60% | — |
| Gross profit | €336M | €310M | €261M | €2.13B | €2.41B |
| EBITDA | €8.06M | -€298M | -€327M | €2.00B | €1.46B |
| Net income | -€101M | -€403M | -€430M | €1.82B | €595M |
| Free cash flow | -€56.2M | €50.6M | -€22.5M | -€58.7M | -€378M |
| Capital expenditure | €5.95M | €5.07M | €18.2M | €12.6M | €445M |
| Total debt | n/a | €1.25B | €1.43B | €940M | €5.91B |
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 |
|---|---|---|---|---|---|---|
| Eurazeo RF.PA | $3.70B | +2% | +18% | -2% | 0.53× | 7.7% |
| Wendel MF.PA | $4.14B | 0% | -13% | -4% | 1.11× | 12.4% |
| Tikehau Capital SCA TKO.PA | $3.24B | -10% | +32% | 5% | 0.90× | 8.4% |
| Eqt EQT.ST | $39.2B | +1% | -18% | 14% | 4.20× | 33.0% |
| Antin Infrastructure Partners ANTIN.PA | $1.52B | -25% | -12% | 22% | 2.94× | 28.5% |
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 | RF.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.5% | +0.3% | 5th highest of 21 |
| 6-month return | +2.5% | +2.5% | 11th highest of 21 |
| Return on equity | -1.6% | 26.6% | lowest of 21 |
| Price / book | 0.53× | 3.25× | 2nd cheapest of 21 |
| ROE the price implies | 7.7% | 24.9% | 2nd least demanding of 21 |
| ROE delivered | -1.6% | 26.2% | lowest of 20 |
| Bond spread | 184 bp | 111 bp | widest of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Eurazeo RF.PA | France | $3.70B | +2% | +18% | -2% | 0.53× | 7.7% | -1.6% |
| AMP AMP.AX | Australia | $3.69B | +46% | -5% | 5% | 1.52× | 15.1% | 5.1% |
| Cohen & Steers CNS | United States | $3.76B | +1% | +13% | 29% | 6.20× | 51.2% | 29.2% |
| Nuvama Wealth Management NUVAMA.NS | India | $3.61B | +25% | +13% | 27% | 8.16× | 112.9% | n/a |
| First Capital Securities 002797.SZ | China | $3.61B | -24% | -6% | 5% | 1.37× | 12.2% | 4.9% |
| Guotai Junan International 1788.HK | Hong Kong | $3.58B | +10% | +43% | 9% | 1.74× | 19.5% | 9.3% |
| Mandatum MANTA.HE | Finland | $3.33B | -10% | +60% | 11% | 2.83× | 9.5% | 10.8% |
| Netwealth NWL.AX | Australia | $3.31B | -13% | +21% | 34% | 29.48× | 314.3% | 33.6% |
| Sealand Securities 000750.SZ | China | $3.30B | -12% | +2% | 3% | 0.96× | 10.7% | 3.0% |
| Quilter QLT.L | United Kingdom | $3.30B | +5% | +191% | 9% | 1.82× | 20.8% | 8.6% |
| Anand Rathi Wealth ANANDRATHI.NS | India | $4.18B | +31% | +35% | 43% | 30.71× | 198.2% | 43.5% |
| Tikehau Capital SCA TKO.PA | France | $3.24B | -10% | +32% | 5% | 0.90× | 8.4% | 4.5% |
| Acadian Asset Management AAMI | United States | $3.23B | +33% | +25% | 166% | 53.60× | 451.1% | 166.3% |
| Artisan Partners Asset Management APAM | United States | $3.17B | +3% | +6% | 66% | 6.27× | 68.9% | 66.2% |
| AllianceBernstein Holding L.P AB | United States | $3.14B | -13% | n/a | 26% | 2.60× | 17.1% | 26.2% |
| China Cinda Asset Management 1359.HK | Hong Kong | $4.36B | -21% | -25% | 0% | 0.18× | 4.3% | 0.5% |
| Man EMG.L | United Kingdom | $4.43B | +10% | +24% | 21% | 2.75× | 28.2% | 21.2% |
| AJ Bell AJB.L | United Kingdom | $3.04B | +13% | +19% | 60% | 10.78× | 85.0% | 59.9% |
| Sprott SII.TO | Canada | $2.96B | -17% | +88% | 30% | 7.28× | 61.3% | 30.2% |
| WisdomTree WT | United States | $2.94B | +2% | +45% | 27% | 6.61× | 54.3% | 27.0% |
| Federated Hermes FHI | United States | $4.73B | +14% | +13% | 32% | 3.66× | 21.6% | 32.3% |
Eurazeo has 1 bond outstanding with $557M face value. The agencies rate it BBB; its bonds trade like BB+. Weighted yield 4.87%, a spread of 184 bp over government bonds.