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Lagardere SA

ENXTPA:MMB Stock Report

Market Cap: €2.6b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Lagardere Management

Management criteria checks 3/4

Lagardere's CEO is Arnaud Lagardere, appointed in Jun 2024, has a tenure of 2.25 years. total yearly compensation is €4.56M, comprised of 37.3% salary and 62.7% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth €10.36M. The average tenure of the management team and the board of directors is 4.7 years and 3.9 years respectively.

Key information

Arnaud Lagardere

Chief executive officer

€4.6m

Total compensation

CEO salary percentage37.32%
CEO tenure2.3yrs
CEO ownership0.4%
Management average tenure4.7yrs
Board average tenure3.9yrs

Recent management updates

Recent updates

User avatar
Narrative Update • Aug 14

MMB: Higher Future P/E And Stable Margin Outlook Will Support Upside

Analysts have raised the Lagardere price target from €23.50 to approximately €27.17, based on updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E expectations. What’s in the News for Lagardere No recent Lagardere specific news items were available from the provided sources as of 13 August 2026.
User avatar
Narrative Update • Jul 30

MMB: Higher Revenue Outlook And Stable Rating Will Support Future Upside

Analysts have trimmed their price target for Lagardere from €27.17 to €23.50, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E as the main reasons for this change. What’s in the News for Lagardere No recent news items for Lagardere are available from the specified primary sources.
User avatar
Narrative Update • Jun 18

MMB: Stable Margins And Lower Required Return Will Support Future Upside

Lagardere's analyst price target has been held steady at €27.17 per share, with analysts citing only marginal adjustments to inputs such as the discount rate, long term revenue growth, profit margin and future P/E assumptions as the basis for maintaining their view. What's in the News for Lagardere No recent Lagardere news items were available from the provided primary or secondary sources as of 16 Jun 2026.
User avatar
Narrative Update • Jun 03

MMB: Steady Margins And Higher Required Return Will Support Future Upside

Analysts have kept Lagardere's fair value estimate steady at €27.17 per share, with only modest tweaks to the discount rate and future P/E assumptions that leave the overall price target effectively unchanged for you. What's in the News No recent company specific news items are available from the provided sources.
User avatar
Narrative Update • Apr 30

MMB: Steady Margins And Higher Required Return Will Support Future Upside

Lagardere's analyst price target remains unchanged at €27.17, as analysts highlight only modest tweaks to assumptions around discount rate, revenue growth, profit margin and future P/E that offset each other in the updated model. Valuation Changes Fair Value: €27.17 per share is unchanged, with the updated inputs offsetting one another in the model.
User avatar
Narrative Update • Apr 15

MMB: Lower Discount Rate And Stable Margins Will Support Future Upside

Analysts have maintained their Lagardere price target at €27.17, citing only minor changes to assumptions, including a slightly lower discount rate and modestly adjusted long-term P/E expectations. Valuation Changes Fair Value: €27.17 is unchanged, indicating no adjustment to the overall equity valuation level.
User avatar
Narrative Update • Apr 01

MMB: Stable Margins And Discount Rate Will Support Future Upside

Lagardere's analyst price target remains at €27.17. Analysts point to broadly unchanged assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers behind keeping their view steady.
User avatar
Narrative Update • Mar 18

MMB: Stable Margins And P/E Framework Will Support Future Upside

Lagardere's analyst price target remains steady at €27.17, with analysts pointing to relatively unchanged fair value, discount rate, revenue growth, profit margin and forward P/E assumptions as key reasons for holding their ground. Valuation Changes Fair value was kept steady at €27.17, indicating no change in the modelled intrinsic value per share.
User avatar
Narrative Update • Mar 03

MMB: Higher Margin Outlook And Lower P/E Will Support Upside

Analysts have adjusted their price target for Lagardere to €27.17. The change reflects updated assumptions for a slightly lower revenue growth outlook, a higher profit margin profile, a revised future P/E of 26.84, and a very small tweak to the discount rate.
User avatar
Narrative Update • Feb 17

MMB: Stable Assumptions And Lower Discount Rate Will Support Upside

Analysts have kept their Lagardere price target broadly steady at about €27.17 per share, with only marginal tweaks to discount rate, revenue growth, profit margin and future P/E assumptions to reflect slightly refined expectations rather than a major change in view. Valuation Changes Fair Value: Modelled fair value per share is unchanged at about €27.17.
User avatar
Narrative Update • Feb 02

MMB: Higher Discount Rate Will Still Support Attractive Future Upside

Analysts have trimmed their price target for Lagardere to €27.17 from €27.83, citing small adjustments to the discount rate, revenue growth assumptions, a modestly higher profit margin, and a slightly lower future P/E multiple. Valuation Changes Fair Value: trimmed slightly from €27.83 to €27.17 per share.
User avatar
New Narrative • Jun 01

Global Travel Retail And Digital Publishing Will Unlock New Markets

Expansion in travel retail, digital publishing, and strategic partnerships is driving revenue growth and supporting recurring high-margin earnings.
Analysis Article • Apr 05

Lagardere (EPA:MMB) Might Have The Makings Of A Multi-Bagger

There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...
Analysis Article • Mar 11

Is Lagardere (EPA:MMB) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article • Feb 21

We Think Lagardere's (EPA:MMB) Profit Is Only A Baseline For What They Can Achieve

Lagardere SA's ( EPA:MMB ) strong earnings report was rewarded with a positive stock price move. We did some digging...
Analysis Article • Feb 15

Lagardere SA's (EPA:MMB) Share Price Not Quite Adding Up

When close to half the companies in France have price-to-earnings ratios (or "P/E's") below 14x, you may consider...
Analysis Article • Nov 25

Are Investors Undervaluing Lagardere SA (EPA:MMB) By 28%?

Key Insights The projected fair value for Lagardere is €29.31 based on 2 Stage Free Cash Flow to Equity Lagardere's...
Analysis Article • Nov 05

Is Now The Time To Look At Buying Lagardere SA (EPA:MMB)?

Lagardere SA ( EPA:MMB ), is not the largest company out there, but it maintained its current share price over the past...

CEO Compensation Analysis

How has Arnaud Lagardere's remuneration changed compared to Lagardere's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

€210m

Mar 31 2026n/an/a

€207m

Dec 31 2025€5m€2m

€203m

Sep 30 2025n/an/a

€208m

Jun 30 2025n/an/a

€212m

Mar 31 2025n/an/a

€190m

Dec 31 2024€4m€1m

€168m

Jun 30 2024n/an/a

€74m

Mar 31 2024n/an/a

€107m

Dec 31 2023€3m€1m

€139m

Jun 30 2023n/an/a

€216m

Mar 31 2023n/an/a

€171m

Dec 31 2022€4m€1m

€126m

Jun 30 2022n/an/a

€10m

Mar 31 2022n/an/a

-€46m

Dec 31 2021€3m€1m

-€103m

Sep 30 2021n/an/a

-€243m

Jun 30 2021n/an/a

-€384m

Mar 31 2021n/an/a

-€512m

Dec 31 2020€2m€1m

-€640m

Sep 30 2020n/an/a

-€431m

Jun 30 2020n/an/a

-€223m

Mar 31 2020n/an/a

-€15m

Dec 31 2019€3m€1m

€192m

Compensation vs Market: Arnaud's total compensation ($USD5.23M) is above average for companies of similar size in the French market ($USD2.69M).

Compensation vs Earnings: Arnaud's compensation has been consistent with company performance over the past year.


CEO

Arnaud Lagardere (65 yo)

2.3yrs
Tenure
€4,555,209
Compensation

Mr. Arnaud Lagardere is President at PRISMA MEDIA, SNC since August 27, 2025. He is Vice Chairman of the Board at Louis Hachette Group S.A. from 2025. He is Chairman & CEO of Lagardere SA from June 2024.H...


Leadership Team

NamePositionTenureCompensationOwnership
Arnaud Lagardere
Chairman & CEO2.3yrs€4.56m0.40%
€ 10.4m
Emmanuel Rapin
Head of Financing & Investor Relations6.6yrsno datano data
Sophie Castellan
Group Accounting Directorno datano datano data
Jimmy Desmarais
Co-Managing Director of Lagardère Studios7.1yrsno datano data
Constance Benque
Chair of Lagardere Newsno datano datano data
Arjil Commanditée-Arco
Managing Partner28.5yrsno datano data
Gregoire Castaing
Deputy Chief Executive Officer2.3yrsno datano data
Frédéric Chevalier
Chairman & CEO of Lagardère Travel Retailless than a yearno datano data
Pauline Hauwel
General Secretary4.7yrsno datano data
4.7yrs
Average Tenure
64yo
Average Age

Experienced Management: MMB's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Arnaud Lagardere
Chairman & CEO2.3yrs€4.56m0.40%
€ 10.4m
Frédéric Chevalier
Chairman & CEO of Lagardère Travel Retailless than a yearno datano data
Véronique Morali
Independent Director5.3yrs€109.00k0.00010%
€ 2.6k
Valerie Irene Amelie Bernis
Independent Director5.3yrs€92.75k0.00010%
€ 2.6k
Arnaud N. P. M. G. de Puyfontaine
Director5.3yrs€92.75k0.00010%
€ 2.6k
Yannick Bollore
Director2.8yrs€44.00k0.00010%
€ 2.6k
Valerie Hortefeux
Independent Director1.4yrs€66.39k0.00010%
€ 2.6k
Fatima Fikree
Director5.3yrs€78.00k0.00010%
€ 2.6k
Nicolas Sarkozy
Independent Director5.3yrs€70.00k0.00091%
€ 23.6k
Michele Reiser
Independent Director1.4yrs€63.01k0.00010%
€ 2.6k
Pascal Jouen
Employee Directorno data€74.00k0.000030%
€ 779.3
Marie Flavion
Employee Director3.9yrs€44.00kno data
3.9yrs
Average Tenure
64yo
Average Age

Experienced Board: MMB's board of directors are considered experienced (3.9 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/18 22:40
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* 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 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

Lagardere SA is covered by 16 analysts. 2 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
Christophe CherblancBernstein
Annick MaasBernstein

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