JCDecaux
Market Cap
€5.5b
Last Updated
2019/11/13 20:48 UTC
Data Sources
Company Financials +
Executive Summary
JCDecaux SA engages in outdoor advertising activities worldwide.
Snowflake
Fundamentals
Proven track record second-rate dividend payer.
Similar Companies
Share Price & News
How has JCDecaux's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DEC has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
4.1%
DEC
1.4%
FR Media
0.6%
FR Market
1 Year Return
-11.5%
DEC
-13.1%
FR Media
14.5%
FR Market
Return vs Industry: DEC matched the French Media industry which returned -13.1% over the past year.
Return vs Market: DEC underperformed the French Market which returned 14.5% over the past year.
Shareholder returns
| DEC | Industry | Market | |
|---|---|---|---|
| 7 Day | 4.1% | 1.4% | 0.6% |
| 30 Day | 15.0% | 3.7% | 4.3% |
| 90 Day | 4.6% | 1.0% | 11.2% |
| 1 Year | -9.6%-11.5% | -9.3%-13.1% | 18.4%14.5% |
| 3 Year | 11.6%5.0% | -7.5%-16.4% | 50.9%36.5% |
| 5 Year | 9.7%0.2% | -3.9%-18.3% | 71.3%46.4% |
Price Volatility Vs. Market
How volatile is JCDecaux's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Why JCDecaux SA’s (EPA:DEC) Use Of Investor Capital Doesn’t Look Great2 weeks ago | Simply Wall St
These 4 Measures Indicate That JCDecaux (EPA:DEC) Is Using Debt Reasonably Well3 weeks ago | Simply Wall St
Do Directors Own JCDecaux SA (EPA:DEC) Shares?Valuation
Is JCDecaux undervalued compared to its fair value and its price relative to the market?
20.95x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DEC (€26.04) is trading above our estimate of fair value (€9.52)
Significantly Below Fair Value: DEC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: DEC is poor value based on its PE Ratio (21x) compared to the Media industry average (16.6x).
PE vs Market: DEC is poor value based on its PE Ratio (21x) compared to the French market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: DEC is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: DEC is overvalued based on its PB Ratio (2.7x) compared to the FR Media industry average (1.3x).
Next Steps
Future Growth
How is JCDecaux forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DEC's forecast earnings growth (8.4% per year) is above the savings rate (0.7%).
Earnings vs Market: DEC's earnings (8.4% per year) are forecast to grow slower than the French market (11.6% per year).
High Growth Earnings: DEC's earnings are forecast to grow, but not significantly.
Revenue vs Market: DEC's revenue (4.5% per year) is forecast to grow slower than the French market (4.7% per year).
High Growth Revenue: DEC's revenue (4.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DEC's Return on Equity is forecast to be low in 3 years time (13.5%).
Next Steps
Past Performance
How has JCDecaux performed over the past 5 years?
6.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DEC has a high level of non-cash earnings.
Growing Profit Margin: DEC's current net profit margins (7.8%) are higher than last year (5.6%).
Past Earnings Growth Analysis
Earnings Trend: DEC's earnings have grown by 6.1% per year over the past 5 years.
Accelerating Growth: DEC's earnings growth over the past year (54.7%) exceeds its 5-year average (6.1% per year).
Earnings vs Industry: DEC earnings growth over the past year (54.7%) exceeded the Media industry 14.9%.
Return on Equity
High ROE: DEC's Return on Equity (13.8%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is JCDecaux's financial position?
Financial Position Analysis
Short Term Liabilities: DEC's short term assets (€1.5B) do not cover its short term liabilities (€2.6B)
Long Term Liabilities: DEC's short term assets (1.5B) do not cover its long term liabilities (5.7B)
Debt to Equity History and Analysis
Debt Level: DEC's debt to equity ratio (71%) is considered high
Reducing Debt: DEC's debt to equity ratio has increased from 29.2% to 71% over the past 5 years.
Debt Coverage: DEC's debt is well covered by operating cash flow (35.4%).
Interest Coverage: DEC's interest payments on its debt are well covered by EBIT (13.2x coverage).
Balance Sheet
Inventory Level: DEC has a high level of physical assets or inventory.
Debt Coverage by Assets: DEC's debt is not covered by short term assets (assets are 1x debt).
Next Steps
Dividend
What is JCDecaux's current dividend yield, its reliability and sustainability?
2.23%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DEC's dividend (2.23%) is higher than the bottom 25% of dividend payers in the French market (1.49%).
High Dividend: DEC's dividend (2.23%) is low compared to the top 25% of dividend payers in the French market (4.52%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, DEC has been paying a dividend for less than 10 years.
Growing Dividend: DEC's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (46.7%), DEC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: DEC's dividends in 3 years are forecast to be well covered by earnings (47.1% payout ratio).
Next Steps
Management
What is the CEO of JCDecaux's salary, the management and board of directors tenure and is there insider trading?
5.0yrs
Average management tenure
CEO
Jean-François Decaux (60yo)
0yrs
Tenure
€2,025,085
Compensation
Mr. Jean-François Decaux serves as Co-Chief Executive Officer and Member of Executive Board at JCDecaux SA and served as its Chairman of the Executive Board of JCDecaux SA since May 11, 2017. He served as ...
CEO Compensation Analysis
Compensation vs Market: Jean-François's total compensation ($USD2.23M) is about average for companies of similar size in the French market ($USD2.59M).
Compensation vs Earnings: Jean-François's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.0yrs
Average Tenure
51yo
Average Age
Experienced Management: DEC's management team is seasoned and experienced (5 years average tenure).
Board Age and Tenure
6.5yrs
Average Tenure
70yo
Average Age
Experienced Board: DEC's board of directors are considered experienced (6.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Jean-François Decaux (60yo)
Co-CEO & Member of Executive Board
- Tenure: 0yrs
- Compensation: €2.03m
Jean-Charles Decaux (50yo)
Co-CEO & Chairman of Executive Board
- Tenure: 2.5yrs
- Compensation: €1.97m
Daniel Hofer (56yo)
Member of Executive Board
- Tenure: 5.2yrs
- Compensation: €1.35m
Agathe Albertini (56yo)
Vice President of Communications
- Tenure: 0yrs
David Bourg (50yo)
Chief Financial & Administrative Officer and Member of the Executive Board
- Tenure: 4.8yrs
- Compensation: €855.17k
Emmanuel Bastide (51yo)
Member of Executive Board
- Tenure: 5.2yrs
- Compensation: €1.08m
Jean-Sébastien Decaux (43yo)
Member of the Executive Board
- Tenure: 6.5yrs
- Compensation: €817.57k
Stéphane Prigent (58yo)
Corporate Finance Director
- Tenure: 8.4yrs
Arnaud Courtial (34yo)
Head of Investor Relations & Financial Communication
- Tenure: 4.8yrs
Bertrand Allain
Group General Counsel
- Tenure: 3.4yrs
Board Members
Michel Bleitrach (71yo)
Independent Member of Supervisory Board
- Tenure: 6.5yrs
- Compensation: €32.00k
Pierre-Alain Pariente (83yo)
Member of Supervisory Board
- Tenure: 19.1yrs
- Compensation: €27.00k
Gerard Degonse (72yo)
Chairman of Supervisory Board
- Tenure: 6.5yrs
- Compensation: €47.00k
Jean-Pierre Decaux (75yo)
Vice-Chairman of Supervisory Board
- Tenure: 19.1yrs
- Compensation: €23.50k
Xavier de Sarrau (69yo)
Member of Supervisory Board
- Tenure: 16.5yrs
- Compensation: €42.00k
Marie-Laure de Chalon (57yo)
Member of Supervisory Board
- Tenure: 2.5yrs
- Compensation: €27.00k
Pierre Mutz (77yo)
Independent Member of Supervisory Board
- Tenure: 10.5yrs
- Compensation: €40.50k
Alexia Decaux-Lefort (33yo)
Member of Supervisory Board
- Tenure: 6.5yrs
- Compensation: €23.50k
Leila Turner (36yo)
Member of Supervisory Board
- Tenure: 2.5yrs
- Compensation: €27.00k
Bénédicte Hautefort (51yo)
Member of Supervisory Board
- Tenure: 2.5yrs
- Compensation: €34.50k
Company Information
JCDecaux SA's company bio, employee growth, exchange listings and data sources
Key Information
- Name: JCDecaux SA
- Ticker: DEC
- Exchange: ENXTPA
- Founded: 1964
- Industry: Advertising
- Sector: Media
- Market Cap: €5.544b
- Shares outstanding: 212.90m
- Website: https://www.jcdecaux.com
Number of Employees
Location
- JCDecaux SA
- 17, rue Soyer
- Cedex
- Neuilly-sur-Seine
- Ile-de-France
- 92200
- France
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| JCDX.F | OTCPK (Pink Sheets LLC) | Yes | Bearer Shares | US | USD | Jun 2001 |
| DEC | ENXTPA (Euronext Paris) | Yes | Bearer Shares | FR | EUR | Jun 2001 |
| DCS | DB (Deutsche Boerse AG) | Yes | Bearer Shares | DE | EUR | Jun 2001 |
| 0MGO | LSE (London Stock Exchange) | Yes | Bearer Shares | GB | EUR | Jun 2001 |
| DECP | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Bearer Shares | GB | EUR | Jun 2001 |
| JCDX.Y | OTCPK (Pink Sheets LLC) | UNSPONSORD ADR | US | USD | Oct 2008 |
Biography
JCDecaux SA engages in outdoor advertising activities worldwide. The company operates in three segments: Street Furniture, Transport, and Billboard. The Street Furniture segment is involved in advertising ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/11/13 20:48 |
| End of Day Share Price | 2019/11/13 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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 here.