Company Valuation: Havas N.V.

Data adjusted to current consolidation scope
Fiscal Period: December 2024 2025 2026 2027
Capitalization 1 1,609 1,395 1,395 -
Change - -13.32% 0% -
Enterprise Value (EV) 1 1,398 1,500 1,534 1,398
Change - 7.26% 2.32% -8.86%
P/E ratio 9.54x 7.36x 6.68x 6.15x
PBR 0.86x 0.73x 0.68x 0.64x
PEG - 0.5x 0.7x 0.72x
Capitalization / Revenue 0.59x 0.5x 0.49x 0.48x
EV / Revenue 0.51x 0.53x 0.54x 0.48x
EV / EBITDA 3.1x 3.2x 3.16x 2.77x
EV / EBIT 4.14x 4.18x 4.11x 3.6x
EV / FCF 6.27x 5.98x 5.47x 4.7x
FCF Yield 16% 16.7% 18.3% 21.3%
Dividend per Share 2 0.8 0.8173 0.8731 0.9148
Rate of return 4.93% 5.72% 6.11% 6.4%
EPS 2 1.7 1.942 2.14 2.324
Distribution rate 47.1% 42.1% 40.8% 39.4%
Net sales 1 2,736 2,805 2,851 2,909
EBITDA 1 451 468.1 485.9 505.6
EBIT 1 338 358.7 373.4 388.7
Net income 1 173 190.3 205.8 222.7
Net Debt 1 -211 104.9 139.6 3.628
Reference price 2 16.22 14.29 14.29 14.29
Nbr of stocks (in thousands) 99,181 97,576 97,576 -
Announcement Date 05/03/25 - - -
1EUR in Million2EUR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.36x0.53x3.2x5.72% 1.66B
44.57x2.65x741.6x1.83% 15.88B
84.35x4.1x12.25x1.1% 16.32B
22.09x2.68x11.48x2.62% 15.38B
-45.55x3.12x14.63x-.--% 4.11B
21.26x4.15x12.43x1.8% 3.15B
13.48x0.96x7x2.5% 3.26B
41.05x13.93x70.63x2.37% 2.62B
Average 23.57x 4.02x 109.15x 2.24% 7.8B
Weighted average by Cap. 39.56x 3.47x 199.85x 1.87%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield