JCDecaux SE

DB:DCS Stock Report

Market Cap: €3.6b

JCDecaux Valuation

Is DCS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of DCS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: DCS (€16.8) is trading above our estimate of fair value (€11.13)

Significantly Below Fair Value: DCS is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for DCS?

Key metric: As DCS is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DCS. This is calculated by dividing DCS's market cap by their current earnings.
What is DCS's PE Ratio?
PE Ratio14.9x
Earnings€240.40m
Market Cap€3.58b

Price to Earnings Ratio vs Peers

How does DCS's PE Ratio compare to its peers?

The above table shows the PE ratio for DCS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.3x
SAX Ströer SE KGaA
16.1x23.13%€2.0b
M8G Verve Group
34.6x36.47%€391.8m
SPG Springer Nature KGaA
22x12.41%€3.6b
APM ad pepper media International
32.6x31.01%€68.0m
DCS JCDecaux
14.9x9.90%€3.6b

Price-To-Earnings vs Peers: DCS is good value based on its Price-To-Earnings Ratio (14.9x) compared to the peer average (26.3x).


Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data


Price to Earnings Ratio vs Industry

How does DCS's PE Ratio compare vs other companies in the European Media Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DCS 14.9xIndustry Avg. 14.9xNo. of Companies16PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DCS is good value based on its Price-To-Earnings Ratio (14.9x) compared to the European Media industry average (14.9x).


Price to Earnings Ratio vs Fair Ratio

What is DCS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DCS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.9x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DCS's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DCS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€16.80
€18.77
+11.71%
12.49%€24.00€16.00n/a12
Jan ’27n/a
€18.55
0%
12.77%€24.00€16.00n/a13
Dec ’26€14.86
€18.63
+25.38%
12.34%€24.00€16.00n/a13
Nov ’26n/a
€18.65
0%
12.36%€24.00€16.00n/a13
Oct ’26n/a
€18.71
0%
12.20%€24.00€16.00n/a13
Sep ’26n/a
€18.75
0%
12.11%€24.00€16.00n/a13
Aug ’26€14.41
€18.70
+29.77%
12.37%€24.00€15.60n/a13
Jul ’26n/a
€19.52
0%
13.48%€24.00€15.60n/a13
Jun ’26n/a
€19.33
0%
13.59%€24.00€15.60n/a12
May ’26n/a
€20.09
0%
11.14%€24.00€17.00n/a12
Apr ’26€15.92
€20.63
+29.61%
11.23%€26.00€17.00n/a12
Mar ’26n/a
€20.38
0%
14.24%€25.50€17.00n/a12
Feb ’26n/a
€20.38
0%
14.24%€25.50€17.00n/a12
Jan ’26n/a
€20.23
0%
16.68%€25.00€13.00n/a11
Dec ’25n/a
€20.95
0%
15.02%€26.00€15.90€14.8612
Nov ’25n/a
€22.72
0%
13.88%€28.30€15.90n/a12
Oct ’25n/a
€22.81
0%
13.69%€28.30€15.90n/a12
Sep ’25n/a
€22.72
0%
13.09%€27.20€15.90n/a12
Aug ’25n/a
€22.98
0%
10.65%€27.20€19.10€14.4112
Jul ’25n/a
€22.34
0%
11.39%€26.20€17.70n/a12
Jun ’25€20.88
€22.00
+5.36%
12.68%€26.20€17.70n/a12
May ’25n/a
€21.36
0%
12.75%€25.90€16.30n/a12
Apr ’25n/a
€21.36
0%
12.75%€25.90€16.30€15.9212
Mar ’25€19.10
€21.13
+10.65%
12.14%€25.00€16.30n/a12
Feb ’25€18.15
€20.62
+13.59%
12.00%€25.00€16.30n/a12
Jan ’25n/a
€20.47
0%
11.20%€24.00€17.40n/a12
€18.74
Fair Value
10.4% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/17 18:26
End of Day Share Price 2026/01/16 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

JCDecaux SE is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
JULIEN ROCHBarclays
Davide AmorimBerenberg
Annick MaasBernstein