Annuncio • May 14
JCDecaux SE Approves Distribution of Dividend JCDecaux SE at the AGM held on 13 May 2026 approved the distribution of a dividend of €0.65 per share. Upcoming Dividend • May 12
Upcoming dividend of €0.65 per share Eligible shareholders must have bought the stock before 19 May 2026. Payment date: 21 May 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of French dividend payers (5.5%). Lower than average of industry peers (5.1%). Declared Dividend • Apr 12
Dividend increased to €0.65 Dividend of €0.65 is 18% higher than last year. Ex-date: 19th May 2026 Payment date: 21st May 2026 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 2.7% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Mar 17
Price target increased by 8.1% to €21.23 Up from €19.65, the current price target is an average from 13 analysts. New target price is 6.2% above last closing price of €19.99. Stock is up 19% over the past year. The company is forecast to post earnings per share of €1.43 for next year compared to €1.23 last year. Reported Earnings • Mar 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: €1.23 (up from €1.21 in FY 2024). Revenue: €3.67b (up 1.1% from FY 2024). Net income: €262.6m (up 1.4% from FY 2024). Profit margin: 7.1% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, while revenues in the Media industry in France are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Annuncio • Mar 14
JCDecaux SE, Annual General Meeting, May 13, 2026 JCDecaux SE, Annual General Meeting, May 13, 2026. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €19.63, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 10x in the Media industry in France. Total returns to shareholders of 3.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €35.69 per share. Annuncio • Mar 13
Jcdecaux Se Recommends Dividend for the Year 2025 JCDecaux SE recommended the payment of a dividend of €0.65 per share for the 2025 financial year, up +18.2% year-on-year. Going forward, company intend to continue to gradually increase this dividend while maintaining a balanced cash allocation with capex and bolt-on M&A. Annuncio • Feb 04
Jcdecaux Se Unveils World's First Global Programmatic Dooh Media Solution JCDecaux SE announced the global expansion of its pioneering programmatic Digital Out-of-Home (pDOOH) media solution. Building on the successful 2024 launch of the first global airport programmatic offer, JCDecaux now extends this powerful offer to street, transport, and retail environments, offering an end-to-end solution for worldwide campaign deployment. This pDOOH media solution empowers brands to connect with audiences throughout the consumer journey globally, across all JCDecaux's environments. By leveraging JCDecaux's global footprint and programmatic expertise, the solution provides advertisers with a single point of contact to execute targeted, dynamic, and impactful campaigns. It encompasses: Comprehensive coverage across airports, streets, transport hubs, and retail environments via a network of over 30,000 premium digital screens; Instant, real-time, and seamless activation of campaigns in over 35 markets; Fully programmatic, data-driven, and measurable campaigns. Part of the JCDecaux's AdTech suite, the solution is available exclusively through VIOOH Supply-Side Platform (SSP), the most connected programmatic digital network for OOH media in the world, and can be activated via Displayce and more than 55 other integrated Demand-Side Platforms (DSPs). This launch reinforces JCDecaux's pioneering role in AdTech for the Out-of-Home industry, building the digital infrastructure for simpler, data-driven storytelling on a worldwide scale. A key growth driver, Digital Out-of-Home media is fuelled by strong programmatic revenue growth as advertisers increasingly adopt programmatic buying. Buy Or Sell Opportunity • Oct 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.4% to €15.44. The fair value is estimated to be €12.78, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Buy Or Sell Opportunity • Oct 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.1% to €15.12. The fair value is estimated to be €12.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Buy Or Sell Opportunity • Sep 30
Now 20% overvalued Over the last 90 days, the stock has fallen 1.3% to €15.27. The fair value is estimated to be €12.69, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Buy Or Sell Opportunity • Sep 08
Now 20% overvalued Over the last 90 days, the stock has fallen 4.2% to €15.11. The fair value is estimated to be €12.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Buy Or Sell Opportunity • Aug 22
Now 20% overvalued Over the last 90 days, the stock has fallen 1.9% to €15.08. The fair value is estimated to be €12.52, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 20% in the next 2 years. Buy Or Sell Opportunity • Aug 04
Now 20% overvalued Over the last 90 days, the stock has fallen 7.0% to €14.58. The fair value is estimated to be €12.11, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 25%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Reported Earnings • Aug 03
First half 2025 earnings: EPS misses analyst expectations First half 2025 results: EPS: €0.35 (down from €0.44 in 1H 2024). Revenue: €1.73b (up 4.0% from 1H 2024). Net income: €75.9m (down 20% from 1H 2024). Profit margin: 4.4% (down from 5.7% in 1H 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, while revenues in the Media industry in France are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. New Risk • Aug 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • May 12
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 19 May 2025. Payment date: 21 May 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of French dividend payers (5.4%). Lower than average of industry peers (4.3%). Annuncio • Apr 09
JCDecaux SE, Annual General Meeting, May 14, 2025 JCDecaux SE, Annual General Meeting, May 14, 2025. Location: 17 rue soyer, neuilly sur seine France Annuncio • Mar 24
JCDecaux SE(ENXTPA:DEC) dropped from FTSE All-World Index (USD) JCDecaux SE(ENXTPA:DEC) dropped from FTSE All-World Index (USD) New Risk • Mar 20
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 20
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: €1.21 (up from €0.98 in FY 2023). Revenue: €3.63b (up 10% from FY 2023). Net income: €258.9m (up 24% from FY 2023). Profit margin: 7.1% (up from 6.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Annuncio • Mar 11
JCDecaux SE Announces Executive Changes JCDecaux SE announced the retirement from his operational role of Daniel Hofer, Member of the Executive Board and CEO for Germany, Austria, Central & Eastern Europe, Central Asia of JCDecaux, as per August 31, 2025. He will keep some mandates as a board member in selected companies as well as representing the Group in the board of WOO (World Out of Home Association). Daniel Hofer will not be currently replaced at the Executive Board of JCDecaux. Jérôme d’Héré, currently Director of Mergers & Acquisitions and Development of the Group, has been appointed to lead the region as per September 1, 2025, based in Berlin and reporting to Jean-François Decaux. Jérôme d’Héré, currently Director of Mergers & Acquisitions and Development of the Group, has been appointed to lead the region as per September 1, 2025, based in Berlin and reporting to Jean-François Decaux.An operational transition in July and August will be organised between Daniel Hofer and Jérôme d’Héré to ensure a smooth handover. The successor of Jérôme d’Héré will be announced in due time.Daniel Hofer joined the Out of Home media industry in 2010, serving as CEO of APG|SGA, the outdoor advertising market leader in Switzerland. In 2014, he became a member of JCDecaux’s Executive Board and CEO for Germany, Austria, Central & Eastern Europe, Central Asia.Jérôme d’Héré started his career in Switzerland in 2005, prior to joining JCDecaux in 2007, where he held various positions in the Financial and Internal Audit Departments in France. In 2012, he was promoted Deputy Director of Management Control - France. From 2014 to 2018, he was Chief Financial Officer for Central America, based in Mexico and then Panama. Since 2019, Jérôme has held the position of Director of Mergers & Acquisitions and Development of the Group in Paris. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €17.37, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 10x in the Media industry in France. Total loss to shareholders of 19% over the past three years. Price Target Changed • Nov 14
Price target decreased by 7.0% to €21.12 Down from €22.72, the current price target is an average from 12 analysts. New target price is 48% above last closing price of €14.25. Stock is down 20% over the past year. The company is forecast to post earnings per share of €1.13 for next year compared to €0.98 last year. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €14.25, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Media industry in France. Total loss to shareholders of 42% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.33 per share. Annuncio • Nov 08
JCDecaux SE to Report Fiscal Year 2024 Results on Mar 06, 2025 JCDecaux SE announced that they will report fiscal year 2024 results Pre-Market on Mar 06, 2025 Annuncio • Oct 10
JCDecaux SE Launches Eco Design Index JCDecaux SE announcing the launch of Eco Design Index, an educational tool for evaluating and communicating the environmental performance of its furniture. The Eco Design Index is a tool for measuring the environmental performance of JCDecaux products, marking a new milestone in the company's long-standing commitment to eco-design. It makes it possible to assess the main environmental impacts of products, and also to compare their eco-design performance within the same family. As a key new tool in the acceleration and systemisation of eco-design practices, the Eco Design Index will help raise awareness among stakeholders of these important issues and offers the opportunity to make ever more informed choices: internally, to help teams develop and promote solutions with a lower environmental impact; externally, to help local authorities and transport partners choose and deploy the most responsible furniture; in general, to promote the development and deployment of eco-designed furniture, contributing to more sustainable living spaces. Based on JCDecaux's experience in carrying out life cycle assessments (LCAs), this index aggregates quantitative results that take into account the 16 environmental indicators of the European Commission's EF methodology, as well as data more specific to JCDecaux's activities and its environmental challenges, complementary to those of LCA. The Eco Design Index offers a multi-criteria approach according to two main themes: DESIGN AND MANUFACTURING: including the impact of raw materials, sustainability, circularity, sourcing and the end-of-life of products. OPERATION AND USE: including the issues of energy, water, consumables, maintenance, transport and the installation and decommission phases of the furniture. The environmental performance of a product is evaluated on a scale of 0 to 10. This numerical score is then translated into an index from A to E for a simple and educational representation, "A" corresponding to the best evaluation. The Eco Design Index will therefore provide a clear view of the continuous efforts made over recent years in terms of design and operation. For example, JCDecaux’s city information panels are, on average, 90% recyclable, and over the past ten years, their energy consumption have been cut by 60%, due to the introduction of more energy-efficient smart lighting technologies (LEDs, dimming and switching-off). With this in mind, the Group aims to position its latest developments – upcycled bus shelter (60% reduction in CO2 emissions1), wood shelter (48% reduction in CO2 emissions1) and the reconditioning of its street furniture (71% reduction in CO22) – at the forefront, helping it to achieve its climate objectives. This methodology, designed with the responsible innovation agency Maobi, is aligned with the European normative framework, the most demanding in the world, and has been audited by the independent third-party organisation EY. Reported Earnings • Jul 28
First half 2024 earnings released: EPS: €0.44 (vs €0.18 in 1H 2023) First half 2024 results: EPS: €0.44 (up from €0.18 in 1H 2023). Revenue: €1.67b (up 14% from 1H 2023). Net income: €94.4m (up 150% from 1H 2023). Profit margin: 5.7% (up from 2.6% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • May 30
Neue ZüRcher Zeitung AG signed an agreement to acquire a 25% stake in APG|SGA SA (SWX:APGN) from JCDecaux SE (ENXTPA:DEC) and Pargesa Asset Management S.A. for approximately CHF 160 million. Neue ZüRcher Zeitung AG signed an agreement to acquire a 25% stake in APG|SGA SA (SWX:APGN) from JCDecaux SE (ENXTPA:DEC) and Pargesa Asset Management S.A. for approximately CHF 160 million on May 30, 2024. Post-transaction, NZZ will hold a 25% stake in APGISGA, making it the largest shareholder, while JCDecaux SE will retain 16.44% and Pargesa Asset Management S.A. 13.86%. Following the disposal process announced with Pargesa Asset Management S.A. announced on February 27 and considering attractive financial and strategic options for its shares in APGISGA, JCDecaux SE will sell 13.56% of APGISGA to NZZ for CHF 220 per share. This deal will generate cash proceeds for JCDecaux SE of CHF 89.6 million, before transaction costs. The transaction is expected to be completed in the coming days. Annuncio • May 18
JCDecaux SE Provides Revenue Guidance for the Second Quarter 2024 JCDecaux SE provided revenue guidance for the second quarter 2024. For the quarter, the company expected organic revenue growth around +12.0% driven by continued strong digital revenue growth across all business segments and including the positive impact of the Paris Olympics and the UEFA Euro 2024 in Germany. Annuncio • May 08
JCDecaux SE Appoints Jean-François Decaux as Chief Executive Officer JCDecaux SE at its Annual General Meeting held on 7 May 2024 appointed Jean-François Decaux as Chief Executive Officer for a period of one year, in accordance with the principle of alternating the Chief Executive Officer position at the company. Reported Earnings • Apr 08
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €0.98 (up from €0.62 in FY 2022). Revenue: €3.30b (up 7.2% from FY 2022). Net income: €209.2m (up 58% from FY 2022). Profit margin: 6.3% (up from 4.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 07
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: €0.98 (up from €0.62 in FY 2022). Revenue: €3.30b (up 7.2% from FY 2022). Net income: €209.2m (up 58% from FY 2022). Profit margin: 6.3% (up from 4.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €17.76, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Media industry in France. Total loss to shareholders of 19% over the past three years. Annuncio • Sep 29
JCDecaux SE Announces Executive Changes JCDecaux SE announced the appointment of Sylvain Le Borgne at JCDecaux as Group Chief Data Officer, effective on October 13th. He takes over from François-Xavier Pierrel who has decided to embark on a new professional adventure. Sylvain Le Borgne began his career at Adream and Actustar.com, companies he co-founded in 1998 where he acted as Chief Executive Officer until 2007. In 2008, he co-founded Adledge, a company specialised in the development of tools and Ad Verification algorithms and digital advertising visibility measurement, where he was Chief Executive Officer until 2011. He then joined Havas Group, where he held various management functions, first within Havas Digital and then at Havas Media, as EVP, Head of Technology and Data Operations. There, he developed a Data and Media consulting and services offering that has become the reference. From 2019 to 2022, Sylvain was Head of Expertise & Innovation at fifty-five. Since 2022, Sylvain was Chief Partnership & Product Officer and Head of Data & Analytics at MediaMath, overseeing also the European Business. Sylvain will leverage his entrepreneurial spirit, his deep knowledge of the media sector and his data expertise, both in France and internationally, in the service of JCDecaux and its different businesses. His ability to steer transformation and innovation projects will be a valuable strength to pursue the development of the DataCorp Department, created in 2018 and which has contributed to the digital transformation of JCDecaux. Sylvain will be responsible for strategy, governance and data operations within JCDecaux. He will guarantee the audience measurement strategy to serve the different JCDecaux sales channels and will strive to provide ever-more valuable and efficient solutions to support brands in their communication strategies, for the benefit of OOH and DOOH. He will also be in charge of accelerating data usage within the other company functions by developing tools with business lines to ensure greater operating efficiency, notably for Departments in relationships with cities and partners, Operations, R&D, Sustainable Development and Quality as well as Finance. He will also lead the development of a Data Management Platform (DMP) in collaboration with Displayce, the Demand-Side Platform with which JCDecaux formed a strategic alliance in July 2022, to centralise and efficiently manage and operate audience data internationally. Sylvain Le Borgne is a graduate of Audencia and has an MBA from the Bowling Green State University in Ohio, USA. Based in Neuilly, Sylvain Le Borgne will report to the Executive Board and to his co-Chief Executive Officer. Major Estimate Revision • Aug 04
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from €0.645 to €0.743. Revenue forecast steady at €3.55b. Net income forecast to grow 3.4% next year vs 14% growth forecast for Media industry in France. Consensus price target broadly unchanged at €20.50. Share price was steady at €17.17 over the past week. Reported Earnings • Jul 30
First half 2023 earnings: EPS and revenues exceed analyst expectations First half 2023 results: EPS: €0.18 (up from €0.055 loss in 1H 2022). Revenue: €1.47b (up 7.2% from 1H 2022). Net income: €37.8m (up €49.5m from 1H 2022). Profit margin: 2.6% (up from net loss in 1H 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Annuncio • Jul 06
JCDecaux SE to Report First Half, 2023 Results on Jul 27, 2023 JCDecaux SE announced that they will report first half, 2023 results on Jul 27, 2023 Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: €0.62 (vs €0.068 loss in FY 2021) Full year 2022 results: EPS: €0.62 (up from €0.068 loss in FY 2021). Revenue: €3.07b (up 22% from FY 2021). Net income: €132.1m (up €146.6m from FY 2021). Profit margin: 4.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Media industry in France. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Annuncio • Jan 27
JCDecaux SE to Report Fiscal Year 2022 Results on Mar 09, 2023 JCDecaux SE announced that they will report fiscal year 2022 results Pre-Market on Mar 09, 2023 Price Target Changed • Jan 23
Price target increased to €18.16 Up from €16.74, the current price target is an average from 13 analysts. New target price is 15% below last closing price of €21.24. Stock is down 1.6% over the past year. The company is forecast to post earnings per share of €0.49 next year compared to a net loss per share of €0.068 last year. Price Target Changed • Jan 19
Price target increased to €17.76 Up from €16.43, the current price target is an average from 13 analysts. New target price is 14% below last closing price of €20.58. Stock is down 6.8% over the past year. The company is forecast to post earnings per share of €0.49 next year compared to a net loss per share of €0.068 last year.