JCDecaux
Market Cap
€4.8b
Last Updated
2020/02/19 21:00 UTC
Data Sources
Company Financials +
Executive Summary
JCDecaux SA engages in outdoor advertising activities worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Solid 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
-2.4%
DEC
0.1%
FR Media
0.4%
FR Market
1 Year Return
-17.7%
DEC
-13.3%
FR Media
16.7%
FR Market
Return vs Industry: DEC underperformed the French Media industry which returned -13% over the past year.
Return vs Market: DEC underperformed the French Market which returned 17% over the past year.
Shareholder returns
| DEC | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.4% | 0.1% | 0.4% |
| 30 Day | -14.4% | -5.0% | -0.5% |
| 90 Day | -10.9% | -4.5% | 3.6% |
| 1 Year | -15.9%-17.7% | -9.4%-13.3% | 20.8%16.7% |
| 3 Year | -19.8%-24.6% | -18.8%-27.1% | 43.2%29.7% |
| 5 Year | -24.6%-31.2% | -25.6%-37.4% | 54.8%32.9% |
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
3 weeks ago | Simply Wall St
What Kind Of Shareholder Appears On The JCDecaux SA's (EPA:DEC) Shareholder Register?1 month ago | Simply Wall St
What Does JCDecaux SA's (EPA:DEC) P/E Ratio Tell You?1 month ago | Simply Wall St
JCDecaux (EPA:DEC) Shareholders Booked A 13% Gain In The Last YearValuation
Is JCDecaux undervalued compared to its fair value and its price relative to the market?
18.36x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: DEC (€22.58) is trading above our estimate of fair value (€17.15)
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 (18.2x) compared to the Media industry average (16.4x).
PE vs Market: DEC is good value based on its PE Ratio (18.2x) compared to the French market (18.7x).
Price to Earnings Growth Ratio
PEG Ratio: DEC is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: DEC is overvalued based on its PB Ratio (2.3x) 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 13 analysts?
7.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DEC's forecast earnings growth (7.1% per year) is above the savings rate (-0.1%).
Earnings vs Market: DEC's earnings (7.1% per year) are forecast to grow slower than the French market (13.4% per year).
High Growth Earnings: DEC's earnings are forecast to grow, but not significantly.
Revenue vs Market: DEC's revenue (4.1% per year) is forecast to grow slower than the French market (4.5% per year).
High Growth Revenue: DEC's revenue (4.1% 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 (13.1%).
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 high quality 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 4%.
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?
2.54%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: DEC's dividend (2.57%) is higher than the bottom 25% of dividend payers in the French market (1.52%).
High Dividend: DEC's dividend (2.57%) is low compared to the top 25% of dividend payers in the French market (4.49%).
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 8 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 (45.7% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.1yrs
Average management tenure
CEO
Jean-François Decaux (60yo)
€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 ($USD2.19M) is about average for companies of similar size in the French market ($USD2.63M).
Compensation vs Earnings: Jean-François's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Co-CEO & Member of Executive Board | 0yrs | €2.03m | 0.19% €9.1m | |
| Co-CEO & Chairman of Executive Board | 2.8yrs | €1.97m | 0.55% €26.3m | |
| Chief Financial & Administrative Officer and Member of the Executive Board | 5.1yrs | €855.17k | 0.00048% €23.1k | |
| Member of Executive Board | 5.4yrs | €1.08m | 0.0023% €110.1k | |
| Member of Executive Board | 5.4yrs | €1.35m | 0.0024% €113.0k | |
| Corporate Finance Director | 8.7yrs | no data | no data | |
| Head of Investor Relations & Financial Communication | 5yrs | no data | no data | |
| Group General Counsel | 3.7yrs | no data | no data | |
| Vice President of Communications | 0yrs | no data | no data | |
| Chief Executive Officer of Finance | 0yrs | no data | no data |
5.1yrs
Average Tenure
56yo
Average Age
Experienced Management: DEC's management team is seasoned and experienced (5.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Member of Supervisory Board | 6.8yrs | €32.00k | 0.00047% €22.6k | |
| Member of Supervisory Board | 19.3yrs | €27.00k | 0.00048% €23.1k | |
| Chairman of Supervisory Board | 6.8yrs | €47.00k | 0.024% €1.1m | |
| Vice-Chairman of Supervisory Board | 19.3yrs | €23.50k | 0.00074% €35.6k | |
| Member of Supervisory Board | 16.8yrs | €42.00k | 0.014% €677.4k | |
| Member of Supervisory Board | 2.8yrs | €27.00k | 0.00047% €22.6k | |
| Independent Member of Supervisory Board | 10.8yrs | €40.50k | 0.00047% €22.6k | |
| Member of Supervisory Board | 6.8yrs | €23.50k | 0.00047% €22.6k | |
| Member of Supervisory Board | 2.8yrs | €27.00k | 0.00047% €22.6k | |
| Member of Supervisory Board | 2.8yrs | €34.50k | 0.00047% €22.6k |
6.8yrs
Average Tenure
70yo
Average Age
Experienced Board: DEC's board of directors are considered experienced (6.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
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.
Top Shareholders
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: €4.807b
- 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 |
| DCS | ETLX (Eurotlx) | Yes | Bearer Shares | IT | 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 in shopping malls; renting street furniture; selling and renting equipment; and the provision of cleaning, maintenance, and other services. The Transport segment provides advertising services in public transport systems, such as airports, subways, buses, tramways, and trains. The Billboard segment is involved in advertising on private property, including traditional large format or back-light billboards; and the provision of neon-light billboards and advertising wraps. The company has a strategic partnership with PlayPlay to accelerate the development of its digital products and services. The company was founded in 1964 and is headquartered in Neuilly-sur-Seine, France. JCDecaux SA is a subsidiary of JCDecaux Holding (SAS).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/19 21:00 |
| End of Day Share Price | 2020/02/19 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.