DEC Stock Analysis: JC Decaux | PA
Advertising Agencies | PA, France | Market Cap: 5.328m EUR | 12M Return: 75.7% | FR0000077919 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 4.68M
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
JCDecaux SE is a France-based outdoor advertising company operating worldwide through three segments: Street Furniture (bus shelters, kiosks, public toilets, bike-sharing equipment, and related maintenance services), Transport (advertising in airports, metros, buses, trams, and trains), and Billboard (large-format, back-light, neon, and wall-wrap advertising on private property). Founded in 1964 and headquartered in Neuilly-sur-Seine, the company is a subsidiary of JCDecaux Holding SAS and trades on the Paris exchange under the ticker DEC.
The outdoor advertising industry is structurally contract-driven, with operators typically securing long-term municipal and transit concessions that grant exclusive rights to place advertising on public infrastructure in exchange for providing, installing, and maintaining street furniture and related services. This concession-based model creates high barriers to entry and produces recurring revenue streams tied to multi-year agreements with cities and transport authorities.
- transit advertising revenue rebounds with global travel recovery
- Digital out-of-home transition lifts segment margins and pricing power
- Street furniture contract renewals face pricing pressure from municipalities
| Net Income: 327.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 1.52 > 1.0 |
| NWC/Revenue: 8.53% < 20% (prev 0.89%; Δ 7.64% < -1%) |
| CFO/TA 0.15 > 3% & CFO 1.21b > Net Income 327.0m |
| Net Debt (4.67b) to EBITDA (1.26b): 3.71 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (212.8m) vs 12m ago -0.60% < -2% |
| Gross Margin: 31.87% > 18% (prev 41.36%; Δ -9.48% > 0.5%) |
| Asset Turnover: 46.15% > 50% (prev 46.39%; Δ -0.24% > 0%) |
| Interest Coverage Ratio: 3.15 > 6 (EBIT TTM 465.9m / Interest Expense TTM 147.8m) |
| A: 0.04 (Total Current Assets 2.42b - Total Current Liabilities 2.10b) / Total Assets 8.23b |
| B: 0.23 (Retained Earnings 1.91b / Total Assets 8.23b) |
| C: 0.06 (EBIT TTM 465.9m / Avg Total Assets 8.10b) |
| D: 0.40 (Book Value of Equity 2.30b / Total Liabilities 5.81b) |
| Altman-Z'' = 1.81 = BBB |
| DSRI: 1.14 (Receivables 932.4m/811.9m, Revenue 3.74b/3.70b) |
| GMI: 1.30 (GM 41.36% / 31.87%) |
| AQI: 0.98 (AQ_t 0.36 / AQ_t-1 0.36) |
| SGI: 1.01 (Revenue 3.74b / 3.70b) |
| TATA: -0.11 (NI 327.0m - CFO 1.21b) / TA 8.23b) |
| Beneish M = -2.66 (Cap -4..+1) = A |
As of October 16, 2026, the stock is trading at EUR 25.64 with a total of 188,916 shares traded. Over the past week, the price has changed by +7.10%, over one month by +4.57%, over three months by +20.26% and over the past year by +75.67%.
Current recommended Stop Loss: 25.00 (which is 2.5% or 1.3 ATR below the current price).
JC Decaux has no consensus analysts rating.
P/E Trailing = 16.366
P/E Forward = 16.9492
P/S = 1.4245
P/B = 2.319
P/EG = 1.5923
Revenue TTM = 3.74b EUR
EBIT TTM = 465.9m EUR
EBITDA TTM = 1.26b EUR
Long Term Debt = 1.78b EUR (from longTermDebt, last quarter)
Short Term Debt = 686.7m EUR (from shortTermDebt, last quarter)
Debt = 5.98b EUR (from shortLongTermDebtTotal, last quarter) + Leases 1.96b
Net Debt = 4.67b EUR (calculated: Debt 5.98b - CCE 1.31b)
Enterprise Value = 9.99b EUR (5.33b + Debt 5.98b - CCE 1.31b)
Interest Coverage Ratio = 3.15 (Ebit TTM 465.9m / Interest Expense TTM 147.8m)
EV/FCF = 10.78x (Enterprise Value 9.99b / FCF TTM 927.0m)
FCF Yield = 9.28% (FCF TTM 927.0m / Enterprise Value 9.99b)
FCF Margin = 24.79% (FCF TTM 927.0m / Revenue TTM 3.74b)
Net Margin = 8.74% (Net Income TTM 327.0m / Revenue TTM 3.74b)
Gross Margin = 31.87% ((Revenue TTM 3.74b - Cost of Revenue TTM 2.55b) / Revenue TTM)
Gross Margin QoQ = 29.19% (prev 34.36%)
Tobins Q-Ratio = 1.21 (Enterprise Value 9.99b / Total Assets 8.23b)
Interest Expense / Debt = 2.47% (Interest Expense 147.8m / Debt 5.98b)
Taxrate = 20.56% (95.5m / 464.5m)
NOPAT = 370.1m (EBIT 465.9m * (1 - 20.56%))
Current Ratio = 1.15 (Total Current Assets 2.42b / Total Current Liabilities 2.10b)
Debt / Equity = 2.60 (Debt 5.98b / totalStockholderEquity, last quarter 2.30b)
Debt / EBITDA = 3.71 (Net Debt 4.67b / EBITDA 1.26b)
Debt / FCF = 5.03 (Net Debt 4.67b / FCF TTM 927.0m)
Total Stockholder Equity = 2.20b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.04% (Net Income 327.0m / Total Assets 8.23b)
RoE = 14.87% (Net Income TTM 327.0m / Total Stockholder Equity 2.20b)
RoCE = 11.71% (EBIT 465.9m / Capital Employed (Equity 2.20b + L.T.Debt 1.78b))
RoIC = 5.58% (NOPAT 370.1m / Invested Capital 6.63b)
WACC = 3.88% (E(5.33b)/V(11.3b) * Re(6.04%) + D(5.98b)/V(11.3b) * Rd(2.47%) * (1-Tc(0.21)))
Discount Rate = 6.04% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 41.80 | Cagr: 0.01%
[DCF] Terminal Value 77.97% ; FCFF base≈866.7m ; Y1≈993.5m ; Y5≈1.46b
[DCF] Fair Price = 81.49 (EV 22.0b - Net Debt 4.67b = Equity 17.3b / 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: 90.06 | Revenue CAGR: 4.67% | SUE: 1.77 | # QB: 1
EPS current Quarter (2026-03-31): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=1.41 | Chg30d=-1.04% | Revisions=+40% | GrowthEPS=+14.2% | GrowthRev=+5.6%
EPS next Year (2027-12-31): EPS=1.57 | Chg30d=-0.30% | Revisions=+40% | GrowthEPS=+11.1% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +57% (up=4, down=0)