Projected Income Statement: Havas N.V.

Forecast Balance Sheet: Havas N.V.

Fiscal Period: December 2024 2025 2026 2027
Net Debt 1 -211 105 140 3.63
Change - 149.76% 33.33% -97.41%
Announcement Date 05/03/25 - - -
1EUR in Million
Estimates

Cash Flow Forecast: Havas N.V.

Fiscal Period: December 2024 2025 2026 2027
CAPEX 1 34 39.18 41.15 41.9
Change - 15.22% 5.04% 1.82%
Free Cash Flow (FCF) 1 223 250.7 280.7 297.6
Change - 12.42% 11.98% 5.99%
Announcement Date 05/03/25 - - -
1EUR in Million
Estimates

Forecast Financial Ratios: Havas N.V.

Fiscal Period: December 2024 2025 2026 2027

Profitability

    
EBITDA Margin (%) 16.48% 16.69% 17.04% 17.38%
EBIT Margin (%) 12.35% 12.79% 13.1% 13.36%
EBT Margin (%) 10.16% 10.95% 11.65% 12.13%
Net margin (%) 6.32% 6.78% 7.22% 7.65%
FCF margin (%) 8.15% 8.94% 9.85% 10.23%
FCF / Net Income (%) 128.9% 131.76% 136.39% 133.63%

Profitability

    
ROA - 2.76% 3.01% 3.2%
ROE 9.08% 10.32% 10.79% 10.8%

Financial Health

    
Leverage (Debt/EBITDA) - 0.22x 0.29x 0.01x
Debt / Free cash flow - 0.42x 0.5x 0.01x

Capital Intensity

    
CAPEX / Current Assets (%) 1.24% 1.4% 1.44% 1.44%
CAPEX / EBITDA (%) 7.54% 8.37% 8.47% 8.29%
CAPEX / FCF (%) 15.25% 15.63% 14.66% 14.08%

Items per share

    
Cash flow per share 1 2.415 2.649 2.863 3.007
Change - 9.67% 8.1% 5.01%
Dividend per Share 1 0.8 0.8173 0.8731 0.9148
Change - 2.17% 6.82% 4.78%
Book Value Per Share 1 18.96 19.7 20.89 22.21
Change - 3.89% 6.02% 6.32%
EPS 1 1.7 1.942 2.14 2.324
Change - 14.26% 10.18% 8.58%
Nbr of stocks (in thousands) 99,181 97,576 97,576 97,576
Announcement Date 05/03/25 - - -
1EUR
Estimates
2025 *2026 *
P/E ratio 7.36x 6.68x
PBR 0.73x 0.68x
EV / Sales 0.53x 0.54x
Yield 5.72% 6.11%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
14.29EUR
Average target price
20.15EUR
Spread / Average Target
+40.97%

Quarterly revenue - Rate of surprise