(PUB) Publicis e - PA
Sector: Communication Services | Industry: Advertising Agencies | Exchange: PA (France) | Market Cap: 22.725m EUR | Total Return: -3.7% in 12m
Avg Turnover: 62.1M
Warnings
No concerns identified
Tailwinds
Shakeout
Publicis Groupe S.A. (PUB) is a Paris-headquartered global marketing and communications holding company founded in 1926, operating across North America, Europe, Asia Pacific, Latin America, Africa, and the Middle East. The company is organized around several core business lines, including Publicis Communications, Publicis Sapient (digital business transformation), Publicis Media, and Publicis Health, offering clients integrated marketing solutions spanning creative, media, digital, and healthcare communications. Publicis is listed on the Euronext Paris exchange and falls within the Communication Services sector under the Advertising sub-industry, with a large-cap market capitalization of approximately $25.9 billion USD.
As one of the major global advertising holding companies, Publicis operates a multi-agency model in which it owns numerous agencies and specialty firms worldwide, earning revenue through a combination of media commissions, creative fees, and consulting/digital transformation engagements. The industry has shifted significantly toward data-driven, digital, and programmatic media buying, with holding companies increasingly competing with consultancies and tech platforms for marketing and technology transformation budgets.
- Publicis Sapient digital transformation revenue accelerates on enterprise AI demand
- North America organic growth outpaces WPP and Omnicom peers
- Margin expansion continues on operational efficiency and pricing power
| Net Income: 2.74b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 4.72 > 1.0 |
| NWC/Revenue: -2.94% < 20% (prev -8.15%; Δ 5.21% < -1%) |
| CFO/TA 0.13 > 3% & CFO 5.33b > Net Income 2.74b |
| Net Debt (3.64b) to EBITDA (5.21b): 0.70 < 3 |
| Current Ratio: 0.97 > 1.5 & < 3 |
| Outstanding Shares: last quarter (253.4m) vs 12m ago -0.37% < -2% |
| Gross Margin: 47.18% > 18% (prev 26.41%; Δ 20.77% > 0.5%) |
| Asset Turnover: 70.22% > 50% (prev 65.25%; Δ 4.97% > 0%) |
| Interest Coverage Ratio: 15.87 > 6 (EBIT TTM 4.04b / Interest Expense TTM 254.5m) |
| A: -0.02 (Total Current Assets 23.1b - Total Current Liabilities 23.9b) / Total Assets 40.0b |
| B: 0.20 (Retained Earnings 8.08b / Total Assets 40.0b) |
| C: 0.10 (EBIT TTM 4.04b / Avg Total Assets 39.9b) |
| D: 0.35 (Book Value of Equity 10.4b / Total Liabilities 29.6b) |
| Altman-Z'' = 1.57 = BB |
| DSRI: 0.95 (Receivables 17.7b/17.3b, Revenue 28.0b/26.0b) |
| GMI: 0.56 (GM 26.41% / 47.18%) |
| AQI: 0.95 (AQ_t 0.37 / AQ_t-1 0.39) |
| SGI: 1.08 (Revenue 28.0b / 26.0b) |
| TATA: -0.06 (NI 2.74b - CFO 5.33b) / TA 40.0b) |
| Beneish M = -3.45 (Cap -4..+1) = AA |
As of June 25, 2026, the stock is trading at EUR 88.08 with a total of 689,007 shares traded. Over the past week, the price has changed by -3.70%, over one month by +4.93%, over three months by +25.11% and over the past year by -3.66%.
Current recommended Stop Loss: 83.50 (which is 5.2% or 2 ATR below the current price).
Publicis e has no consensus analysts rating.
P/E Trailing = 14.0276
P/E Forward = 10.8696
P/S = 1.2739
P/B = 2.1753
P/EG = 1.6222
Revenue TTM = 28.0b EUR
EBIT TTM = 4.04b EUR
EBITDA TTM = 5.21b EUR
Long Term Debt = 3.08b EUR (from longTermDebt, last quarter)
Short Term Debt = 760.0m EUR (from shortTermDebt, last quarter)
Debt = 7.84b EUR (from shortLongTermDebtTotal, last quarter) + Leases 2.18b
Net Debt = 3.64b EUR (calculated: Debt 7.84b - CCE 4.20b)
Enterprise Value = 26.4b EUR (22.7b + Debt 7.84b - CCE 4.20b)
Interest Coverage Ratio = 15.87 (Ebit TTM 4.04b / Interest Expense TTM 254.5m)
EV/FCF = 5.45x (Enterprise Value 26.4b / FCF TTM 4.84b)
FCF Yield = 18.35% (FCF TTM 4.84b / Enterprise Value 26.4b)
FCF Margin = 17.25% (FCF TTM 4.84b / Revenue TTM 28.0b)
Net Margin = 9.78% (Net Income TTM 2.74b / Revenue TTM 28.0b)
Gross Margin = 47.18% ((Revenue TTM 28.0b - Cost of Revenue TTM 14.8b) / Revenue TTM)
Gross Margin QoQ = 15.57% (prev 14.13%)
Tobins Q-Ratio = 0.66 (Enterprise Value 26.4b / Total Assets 40.0b)
Interest Expense / Debt = 3.24% (Interest Expense 254.5m / Debt 7.84b)
Taxrate = 25.48% (943.0m / 3.70b)
NOPAT = 3.01b (EBIT 4.04b * (1 - 25.48%))
Current Ratio = 0.97 (Total Current Assets 23.1b / Total Current Liabilities 23.9b)
Debt / Equity = 0.75 (Debt 7.84b / totalStockholderEquity, last quarter 10.4b)
Debt / EBITDA = 0.70 (Net Debt 3.64b / EBITDA 5.21b)
Debt / FCF = 0.75 (Net Debt 3.64b / FCF TTM 4.84b)
Total Stockholder Equity = 10.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.87% (Net Income 2.74b / Total Assets 40.0b)
RoE = 26.71% (Net Income TTM 2.74b / Total Stockholder Equity 10.3b)
RoCE = 30.26% (EBIT 4.04b / Capital Employed (Equity 10.3b + L.T.Debt 3.08b))
RoIC = 19.45% (NOPAT 3.01b / Invested Capital 15.5b)
WACC = 6.34% (E(22.7b)/V(30.6b) * Re(7.70%) + D(7.84b)/V(30.6b) * Rd(3.24%) * (1-Tc(0.25)))
Discount Rate = 7.70% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -62.93 | Cagr: -0.23%
[DCF] Terminal Value 77.97% ; FCFF base≈4.08b ; Y1≈4.67b ; Y5≈6.88b
[DCF] Fair Price = 402.0 (EV 104b - Net Debt 3.64b = Equity 99.9b / Shares 248.5m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 52.08 | EPS CAGR: 14.00% | SUE: 0.0 | # QB: 0
Revenue Correlation: 100.00 | Revenue CAGR: 8.42% | SUE: 0.94 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS next Quarter (2026-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2026-12-31): EPS=7.92 | Chg30d=+0.53% | Revisions=+0% | GrowthEPS=+5.9% | GrowthRev=+3.3%
EPS next Year (2027-12-31): EPS=8.52 | Chg30d=+0.63% | Revisions=+60% | GrowthEPS=+7.5% | GrowthRev=+6.1%
[Analyst] Revisions Ratio: +60%