JCDecaux SE

ENXTPA:DEC Stock Report

Market Cap: €3.1b

JCDecaux Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 Fair Value

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

Below Fair Value: DEC (€14.34) is trading above our estimate of fair value (€6.35)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for DEC. This is calculated by dividing DEC's market cap by their current earnings.
What is DEC's PE Ratio?
PE Ratio11.5x
Earnings€265.80m
Market Cap€3.07b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for DEC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.9x
IPS Ipsos
10.6x10.2%€1.9b
PUB Publicis Groupe
17x5.2%€24.9b
DKUPL ADLPartner
11.8xn/a€152.7m
ALVAZ Vaziva Société anonyme
92.4xn/a€131.4m
DEC JCDecaux
11.5x5.1%€3.1b

Price-To-Earnings vs Peers: DEC is good value based on its Price-To-Earnings Ratio (11.5x) compared to the peer average (32.9x).

Price to Earnings Ratio vs Industry

How does DEC's PE Ratio compare vs other companies in the FR Media Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ALSRS Sirius Media
0.3xn/aUS$672.70k
No more companies available in this PE range
DEC 11.5xIndustry Avg. 11.2xNo. of Companies5PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DEC is expensive based on its Price-To-Earnings Ratio (11.5x) compared to the French Media industry average (11.3x).

Price to Earnings Ratio vs Fair Ratio

What is DEC'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.

DEC PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.5x
Fair PE Ratio11.6x

Price-To-Earnings vs Fair Ratio: DEC is good value based on its Price-To-Earnings Ratio (11.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.6x).

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 DEC forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.34
€21.12
+47.3%
14.9%€26.00€15.90n/a12
Nov ’25€17.35
€22.72
+30.9%
13.9%€28.30€15.90n/a12
Oct ’25€19.59
€22.81
+16.4%
13.7%€28.30€15.90n/a12
Sep ’25€18.67
€22.72
+21.7%
13.1%€27.20€15.90n/a12
Aug ’25€19.34
€22.98
+18.8%
10.6%€27.20€19.10n/a12
Jul ’25€18.64
€22.34
+19.9%
11.4%€26.20€17.70n/a12
Jun ’25€21.80
€22.00
+0.9%
12.7%€26.20€17.70n/a12
May ’25€19.62
€21.36
+8.9%
12.8%€25.90€16.30n/a12
Apr ’25€18.00
€21.36
+18.7%
12.8%€25.90€16.30n/a12
Mar ’25€19.47
€21.13
+8.5%
12.1%€25.00€16.30n/a12
Feb ’25€18.94
€20.62
+8.9%
12.0%€25.00€16.30n/a12
Jan ’25€18.20
€20.47
+12.5%
11.2%€24.00€17.40n/a12
Dec ’24€17.86
€20.31
+13.7%
12.6%€24.00€15.50n/a12
Nov ’24€14.96
€20.35
+36.0%
13.2%€25.00€15.50€17.3512
Oct ’24€16.02
€20.54
+28.2%
12.5%€25.00€15.70€19.5912
Sep ’24€16.95
€20.50
+20.9%
12.2%€25.00€15.70€18.6712
Aug ’24€17.01
€20.50
+20.5%
12.2%€25.00€15.70€19.3412
Jul ’24€18.26
€20.87
+14.3%
12.8%€26.00€15.40€18.6412
Jun ’24€19.03
€20.87
+9.7%
12.8%€26.00€15.40€21.8012
May ’24€20.08
€21.01
+4.6%
13.4%€27.00€15.80€19.6212
Apr ’24€19.31
€20.71
+7.2%
15.1%€27.00€15.80€18.0012
Mar ’24€22.52
€20.63
-8.4%
16.9%€27.50€14.00€19.4712
Feb ’24€21.04
€20.22
-3.9%
18.2%€27.50€14.00€18.9412
Jan ’24€17.72
€16.51
-6.8%
18.4%€21.00€12.00€18.2013
Dec ’23€17.58
€16.28
-7.4%
20.0%€21.00€12.00€17.8613
Nov ’23€13.04
€15.95
+22.3%
19.3%€21.00€12.00€14.9613

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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