Financials Publicis Groupe S.A.

Equities

PUB

FR0000130577

Advertising & Marketing

Market Closed - Euronext Paris 16:35:27 22/07/2024 BST After market 19:21:41
99.14 EUR +0.55% Intraday chart for Publicis Groupe S.A. 99.55 +0.41%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,518 10,004 14,760 14,964 21,042 24,748 - -
Enterprise Value (EV) 1 12,231 10,837 14,836 14,330 20,133 23,453 22,449 20,989
P/E ratio 11.2 x 17.1 x 14.5 x 12.3 x 16.2 x 15.7 x 15 x 14.1 x
Yield 5.7% 4.91% 4.05% 4.88% 4.05% 3.6% 3.79% 3.97%
Capitalization / Revenue 0.97 x 1.03 x 1.41 x 1.19 x 1.61 x 1.78 x 1.7 x 1.63 x
EV / Revenue 1.25 x 1.12 x 1.41 x 1.14 x 1.54 x 1.69 x 1.54 x 1.38 x
EV / EBITDA 5.45 x 5.02 x 6.4 x 5.12 x 7.08 x 7.73 x 7.03 x 6.28 x
EV / FCF 7.43 x 4.84 x 8.98 x 6.46 x 10.8 x 12.6 x 11.1 x 9.91 x
FCF Yield 13.5% 20.6% 11.1% 15.5% 9.28% 7.91% 8.99% 10.1%
Price to Book 1.29 x 1.39 x 1.72 x 1.51 x 2.15 x 2.4 x 2.18 x 2.01 x
Nbr of stocks (in thousands) 235,820 245,432 249,332 251,832 250,502 250,991 - -
Reference price 2 40.36 40.76 59.20 59.42 84.00 98.60 98.60 98.60
Announcement Date 06/02/20 03/02/21 03/02/22 02/02/23 08/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 9,800 9,712 10,487 12,572 13,099 13,912 14,571 15,172
EBITDA 1 2,245 2,158 2,317 2,801 2,845 3,034 3,193 3,342
EBIT 1 1,659 1,558 1,840 2,266 2,363 2,477 2,623 2,748
Operating Margin 16.93% 16.04% 17.55% 18.02% 18.04% 17.8% 18% 18.11%
Earnings before Tax (EBT) 1 1,154 768 1,343 1,648 1,731 2,190 2,277 2,427
Net income 1 841 576 1,027 1,222 1,312 1,594 1,668 1,773
Net margin 8.58% 5.93% 9.79% 9.72% 10.02% 11.46% 11.44% 11.68%
EPS 2 3.590 2.380 4.080 4.820 5.170 6.274 6.572 6.991
Free Cash Flow 1 1,647 2,237 1,653 2,219 1,868 1,856 2,019 2,118
FCF margin 16.81% 23.03% 15.76% 17.65% 14.26% 13.34% 13.86% 13.96%
FCF Conversion (EBITDA) 73.36% 103.66% 71.34% 79.22% 65.66% 61.17% 63.24% 63.38%
FCF Conversion (Net income) 195.84% 388.37% 160.95% 181.59% 142.38% 116.43% 121.08% 119.48%
Dividend per Share 2 2.300 2.000 2.400 2.900 3.400 3.549 3.738 3.919
Announcement Date 06/02/20 03/02/21 03/02/22 02/02/23 08/02/24 - - -
1EUR in Million2EUR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 S2 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2022 S2 2023 Q1 2023 Q2 2023 S1 2023 Q3 2023 Q4 2023 S2 2024 Q1 2024 Q2 2024 S1 2024 Q3 2024 Q4 2024 S2
Net sales 1 5,448 4,774 4,938 4,931 2,621 5,556 2,800 3,073 5,873 3,237 3,462 6,699 3,079 3,239 6,318 3,241 3,540 6,781 3,230 3,449 6,688 3,447 3,755 7,237
EBITDA - - - 1,077 - 1,292 - - 1,287 - - 1,514 - - - - - 1,510 - - 1,447 - - 1,614
EBIT - - - - - - - - - - - 1,248 - - 1,093 - - 1,270 - - 1,160 - - 1,256
Operating Margin - - - - - - - - - - - 18.63% - - 17.3% - - 18.73% - - 17.34% - - 17.35%
Earnings before Tax (EBT) - - - 543 - 800 - - 717 - - 931 - - - - - 901 - - 1,036 - - 1,143
Net income - - - 414 - 613 - - 537 - - 685 - - - - - 689 - - 773 - - 852.3
Net margin - - - 8.4% - 11.03% - - 9.14% - - 10.23% - - - - - 10.16% - - 11.56% - - 11.78%
EPS - - - 1.670 - 2.410 - - 2.130 - - 2.690 - - - - - 2.710 - - 3.050 - - 3.340
Dividend per Share - - - - - - - - - - - - - - - - - - - - - - - -
Announcement Date 06/02/20 23/07/20 03/02/21 22/07/21 14/10/21 03/02/22 14/04/22 21/07/22 21/07/22 18/10/22 02/02/23 02/02/23 20/04/23 20/07/23 20/07/23 12/10/23 08/02/24 08/02/24 11/04/24 - 18/07/24 - - -
1EUR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,713 833 76 - - - - -
Net Cash position 1 - - - 634 909 1,294 2,298 3,759
Leverage (Debt/EBITDA) 1.208 x 0.386 x 0.0328 x - - - - -
Free Cash Flow 1 1,647 2,237 1,653 2,219 1,868 1,856 2,078 2,202
ROE (net income / shareholders' equity) 16.7% 14.2% 13% 13.4% 18.2% 18.2% 18% 17.6%
ROA (Net income/ Total Assets) 2.82% 1.83% 3.26% 3.56% 4.87% 4.47% 4.14% 4.21%
Assets 1 29,869 31,410 31,503 34,372 26,958 35,637 40,302 42,129
Book Value Per Share 2 31.20 29.20 34.40 39.20 39.10 41.10 45.20 49.10
Cash Flow per Share 2 8.230 7.930 7.120 9.530 8.060 9.900 9.550 9.860
Capex 1 232 167 139 198 180 216 225 235
Capex / Sales 2.37% 1.72% 1.33% 1.57% 1.37% 1.55% 1.55% 1.55%
Announcement Date 06/02/20 03/02/21 03/02/22 02/02/23 08/02/24 - - -
1EUR in Million2EUR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
15
Last Close Price
98.6 EUR
Average target price
111.5 EUR
Spread / Average Target
+13.05%
Consensus
  1. Stock Market
  2. Equities
  3. PUB Stock
  4. Financials Publicis Groupe S.A.