Ipsos SA

ENXTPA:IPS Stock Report

Market Cap: €1.9b

Ipsos Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 IPS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: IPS (€44.2) is trading below our estimate of fair value (€106.55)

Significantly Below Fair Value: IPS is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for IPS. This is calculated by dividing IPS's market cap by their current earnings.
What is IPS's PE Ratio?
PE Ratio10.5x
Earnings€181.33m
Market Cap€1.90b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for IPS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.7x
DEC JCDecaux
11.4x5.1%€3.0b
DKUPL ADLPartner
11.8xn/a€152.3m
PUB Publicis Groupe
17.2x5.2%€25.2b
ALVAZ Vaziva Société anonyme
90.5xn/a€128.7m
IPS Ipsos
10.5x10.2%€1.9b

Price-To-Earnings vs Peers: IPS is good value based on its Price-To-Earnings Ratio (10.5x) compared to the peer average (32.7x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
ALSRS Sirius Media
0.4xn/aUS$964.54k
No more companies available in this PE range
IPS 10.5xIndustry Avg. 11.2xNo. of Companies4PE0612182430+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: IPS is good value based on its Price-To-Earnings Ratio (10.5x) compared to the French Media industry average (11.2x).

Price to Earnings Ratio vs Fair Ratio

What is IPS'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.

IPS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.5x
Fair PE Ratio11.7x

Price-To-Earnings vs Fair Ratio: IPS is good value based on its Price-To-Earnings Ratio (10.5x) compared to the estimated Fair Price-To-Earnings Ratio (11.7x).

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 IPS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€44.20
€68.39
+54.7%
7.8%€79.00€62.00n/a8
Nov ’25€45.18
€68.39
+51.4%
7.8%€79.00€62.00n/a8
Oct ’25€55.70
€76.57
+37.5%
9.4%€87.00€68.00n/a7
Sep ’25€55.60
€76.57
+37.7%
9.4%€87.00€68.00n/a7
Aug ’25€56.85
€75.75
+33.2%
9.3%€87.00€68.00n/a8
Jul ’25€58.10
€76.88
+32.3%
8.7%€89.00€69.00n/a8
Jun ’25€66.85
€76.88
+15.0%
8.7%€89.00€69.00n/a8
May ’25€62.90
€75.14
+19.5%
6.9%€85.00€69.00n/a7
Apr ’25€65.35
€73.71
+12.8%
6.0%€80.00€69.00n/a7
Mar ’25€64.40
€73.71
+14.5%
6.0%€80.00€69.00n/a7
Feb ’25€60.65
€66.57
+9.8%
10.5%€80.00€59.00n/a7
Jan ’25€56.75
€64.57
+13.8%
7.7%€75.00€59.00n/a7
Dec ’24€50.60
€64.57
+27.6%
7.7%€75.00€59.00n/a7
Nov ’24€45.28
€64.57
+42.6%
7.7%€75.00€59.00€45.187
Oct ’24€43.54
€65.36
+50.1%
6.8%€75.00€60.00€55.707
Sep ’24€46.80
€65.64
+40.3%
6.5%€75.00€61.00€55.607
Aug ’24€45.10
€65.64
+45.5%
6.5%€75.00€61.00€56.857
Jul ’24€50.95
€67.03
+31.6%
6.9%€75.00€61.00€58.107
Jun ’24€48.08
€67.57
+40.5%
6.7%€75.00€61.00€66.857
May ’24€49.16
€68.29
+38.9%
5.7%€75.00€61.00€62.907
Apr ’24€57.10
€68.00
+19.1%
2.2%€70.00€66.00€65.356
Mar ’24€59.40
€65.33
+10.0%
7.2%€70.00€59.00€64.406
Feb ’24€60.60
€65.00
+7.3%
7.2%€70.00€59.00€60.656
Jan ’24€58.50
€63.33
+8.3%
6.9%€70.00€59.00€56.756
Dec ’23€55.20
€61.67
+11.7%
5.4%€68.00€59.00€50.606
Nov ’23€48.55
€60.83
+25.3%
5.3%€68.00€59.00€45.286

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

Discover undervalued companies

Solocal Group

€94.9m

Provides digital services in France and internationally.

LOCAL

€2.83

7D

-4.4%

1Y

-97.0%

TF1

€1.5b

Engages in the broadcasting, studios and entertainment, and digital businesses in France and internationally.

TFI

€7.12

7D

-0.5%

1Y

3.3%

AdUX

€8.7m

Provides advertising services in France, Belgium, Italy, Spain, Germany, the Netherlands, and internationally.

ALDUX

€1.39

7D

-6.4%

1Y

25.9%