(DEC) JC Decaux - Overview
Sector: Communication Services | Industry: Advertising Agencies | Exchange: PA (France) | Market Cap: 3.953m EUR | Total Return: 28% in 12m
Avg Turnover: 3.21M
Warnings
No concerns identified
Tailwinds
Idiosyncratic Leader
JCDecaux SE is a France-based outdoor advertising specialist operating across three primary segments: Street Furniture, Transport, and Billboard. The company manages advertising concessions in public spaces, including bus shelters and kiosks, while providing municipal services such as public toilets and bike-sharing systems. Its Transport division secures long-term contracts for displays in airports, metros, and train stations globally.
The business model relies heavily on winning competitive tenders for long-term exclusive contracts with municipal authorities and transport hubs. In the outdoor advertising sector, revenue is increasingly driven by the conversion of traditional paper panels to high-margin digital out-of-home (DOOH) screens. For a deeper look at the companys valuation metrics, consider reviewing the latest data on ValueRay. JCDecaux remains a family-controlled entity through JCDecaux Holding SAS, maintaining its headquarters in Neuilly-sur-Seine.
- Global air traffic recovery accelerates transport segment advertising revenue growth
- Programmatic digital out-of-home expansion improves inventory yield and margins
- Municipal contract renewals and tender wins secure long-term street furniture cashflows
- Macroeconomic slowdown in China pressures luxury brand advertising spend
- Rising energy costs and sustainability regulations impact digital screen operating margins
| Net Income: 521.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.21 > 0.02 and ΔFCF/TA 5.53 > 1.0 |
| NWC/Revenue: 3.18% < 20% (prev -1.63%; Δ 4.81% < -1%) |
| CFO/TA 0.28 > 3% & CFO 2.31b > Net Income 521.6m |
| Net Debt (4.68b) to EBITDA (2.01b): 2.33 < 3 |
| Current Ratio: 1.11 > 1.5 & < 3 |
| Outstanding Shares: last quarter (213.4m) vs 12m ago -0.32% < -2% |
| Gross Margin: 41.63% > 18% (prev 0.34%; Δ 4.13k% > 0.5%) |
| Asset Turnover: 83.98% > 50% (prev 60.85%; Δ 23.13% > 0%) |
| Interest Coverage Ratio: 2.32 > 6 (EBITDA TTM 2.01b / Interest Expense TTM 366.7m) |
| A: 0.03 (Total Current Assets 2.31b - Total Current Liabilities 2.08b) / Total Assets 8.14b |
| B: 0.23 (Retained Earnings 1.91b / Total Assets 8.14b) |
| C: 0.10 (EBIT TTM 852.0m / Avg Total Assets 8.70b) |
| D: 0.33 (Book Value of Equity 1.91b / Total Liabilities 5.78b) |
| Altman-Z'' = 1.96 = BBB |
| DSRI: 0.92 (Receivables 811.0m/677.9m, Revenue 7.31b/5.63b) |
| GMI: 0.82 (GM 41.63% / 34.00%) |
| AQI: 1.08 (AQ_t 0.36 / AQ_t-1 0.33) |
| SGI: 1.30 (Revenue 7.31b / 5.63b) |
| TATA: -0.22 (NI 521.6m - CFO 2.31b) / TA 8.14b) |
| Beneish M = -3.22 (Cap -4..+1) = AA |
As of May 30, 2026, the stock is trading at EUR 18.84 with a total of 253,806 shares traded.
Over the past week, the price has changed by +1.40%,
over one month by +3.92%,
over three months by +11.27% and
over the past year by +27.98%.
JC Decaux has no consensus analysts rating.
P/E Trailing = 15.1057
P/E Forward = 14.2857
P/S = 1.0762
P/B = 1.7649
P/EG = 1.5923
Revenue TTM = 7.31b EUR
EBIT TTM = 852.0m EUR
EBITDA TTM = 2.01b EUR
Long Term Debt = 1.88b EUR (from longTermDebt, last quarter)
Short Term Debt = 701.7m EUR (from shortTermDebt, last quarter)
Debt = 6.03b EUR (from shortLongTermDebtTotal, last quarter) + Leases 2.00b
Net Debt = 4.68b EUR (calculated: Debt 6.03b - CCE 1.35b)
Enterprise Value = 8.64b EUR (3.95b + Debt 6.03b - CCE 1.35b)
Interest Coverage Ratio = 2.32 (Ebit TTM 852.0m / Interest Expense TTM 366.7m)
EV/FCF = 5.11x (Enterprise Value 8.64b / FCF TTM 1.69b)
FCF Yield = 19.56% (FCF TTM 1.69b / Enterprise Value 8.64b)
FCF Margin = 23.12% (FCF TTM 1.69b / Revenue TTM 7.31b)
Net Margin = 7.14% (Net Income TTM 521.6m / Revenue TTM 7.31b)
Gross Margin = 41.63% ((Revenue TTM 7.31b - Cost of Revenue TTM 4.26b) / Revenue TTM)
Gross Margin QoQ = 34.36% (prev 50.68%)
Tobins Q-Ratio = 1.06 (Enterprise Value 8.64b / Total Assets 8.14b)
Interest Expense / Debt = 6.08% (Interest Expense 366.7m / Debt 6.03b)
Taxrate = 24.46% (71.3m / 291.5m)
NOPAT = 643.6m (EBIT 852.0m * (1 - 24.46%))
Current Ratio = 1.11 (Total Current Assets 2.31b / Total Current Liabilities 2.08b)
Debt / Equity = 2.69 (Debt 6.03b / totalStockholderEquity, last quarter 2.24b)
Debt / EBITDA = 2.33 (Net Debt 4.68b / EBITDA 2.01b)
Debt / FCF = 2.77 (Net Debt 4.68b / FCF TTM 1.69b)
Total Stockholder Equity = 2.14b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.00% (Net Income 521.6m / Total Assets 8.14b)
RoE = 24.39% (Net Income TTM 521.6m / Total Stockholder Equity 2.14b)
RoCE = 21.18% (EBIT 852.0m / Capital Employed (Equity 2.14b + L.T.Debt 1.88b))
RoIC = 9.54% (NOPAT 643.6m / Invested Capital 6.75b)
WACC = 5.09% (E(3.95b)/V(9.99b) * Re(5.86%) + D(6.03b)/V(9.99b) * Rd(6.08%) * (1-Tc(0.24)))
Discount Rate = 5.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 42.22 | Cagr: 0.12%
[DCF] Terminal Value 77.97% ; FCFF base≈1.58b ; Y1≈1.81b ; Y5≈2.66b
[DCF] Fair Price = 166.2 (EV 40.0b - Net Debt 4.68b = Equity 35.4b / Shares 212.8m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: N/A | # QB: 0
Revenue Correlation: 77.52 | Revenue CAGR: 19.97% | SUE: -0.66 | # QB: 0
EPS current Year (2026-12-31): EPS=1.37 | Chg30d=-1.66% | Revisions=-33% | GrowthEPS=+11.2% | GrowthRev=+3.6%
EPS next Year (2027-12-31): EPS=1.54 | Chg30d=-1.50% | Revisions=-33% | GrowthEPS=+11.9% | GrowthRev=+4.7%
[Analyst] Revisions Ratio: -33%