Publicis Groupe
Publicis Groupe S.A. provides marketing, communication, and digital transformation services worldwide. The last earnings update was 41 days ago. More info.
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PUB Share Price and Events
7 Day Returns
1 Year Returns
PUB Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Publicis Groupe (PUB) | 1.9% | 7.1% | 0.9% | -10% | -16.7% | -20.6% |
| FR Media | 0.8% | 4.6% | 5.9% | -11.5% | -19.7% | -19.9% |
| FR Market | 2.5% | 4.6% | 13.6% | 3.5% | 27.5% | 33.2% |
1 Year Return vs Industry and Market
- PUB outperformed the Media industry which returned -11.5% over the past year.
- PUB underperformed the Market in France which returned 3.5% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Publicis Groupe
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Publicis Groupe.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 18 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.5% |
| Perpetual Growth Rate | 10-Year FR Government Bond Rate | 0.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year FR Govt Bond Rate | 0.7% |
| Equity Risk Premium | S&P Global | 6.7% |
| Media Unlevered Beta | Simply Wall St/ S&P Global | 0.8 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.803 (1 + (1- 33%) (41.75%)) |
1.018 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.02 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.018 * 6.65%) |
7.5% |
Discounted Cash Flow Calculation for ENXTPA:PUB using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Publicis Groupe is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 7.5%) |
|
|---|---|---|---|
| 2019 | 1,081.69 | Analyst x12 | 1,006.19 |
| 2020 | 1,196.94 | Analyst x11 | 1,035.68 |
| 2021 | 1,267.50 | Analyst x7 | 1,020.18 |
| 2022 | 1,278.00 | Analyst x1 | 956.84 |
| 2023 | 1,288.20 | Est @ 0.8% | 897.15 |
| 2024 | 1,298.23 | Est @ 0.78% | 841.03 |
| 2025 | 1,308.15 | Est @ 0.76% | 788.31 |
| 2026 | 1,318.03 | Est @ 0.76% | 738.83 |
| 2027 | 1,327.90 | Est @ 0.75% | 692.40 |
| 2028 | 1,337.78 | Est @ 0.74% | 648.86 |
| Present value of next 10 years cash flows | €8,625.49 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €1,337.78 × (1 + 0.73%) ÷ (7.5% – 0.73%) |
€19,903.47 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €19,903.47 ÷ (1 + 7.5%)10 |
€9,653.80 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €8,625.49 + €9,653.80 |
€18,279.29 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €18,279.29 / 230.64 |
€79.26 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €79.26 |
| Current discount | Discount to share price of
€51.04
= -1 x (€51.04 - €79.26) / €79.26 |
35.6% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Publicis Groupe's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Publicis Groupe's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Publicis Groupe's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Publicis Groupe's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €4.01 |
| ENXTPA:PUB Share Price ** | ENXTPA (2019-03-19) in EUR | €51.04 |
| France Media Industry PE Ratio | Median Figure of 20 Publicly-Listed Media Companies | 12.66x |
| France Market PE Ratio | Median Figure of 417 Publicly-Listed Companies | 15.9x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Publicis Groupe.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTPA:PUB Share Price ÷ EPS (both in EUR) = 51.04 ÷ 4.01 |
12.73x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Publicis Groupe is overvalued based on earnings compared to the FR Media industry average.
- Publicis Groupe is good value based on earnings compared to the France market.
Price based on expected Growth
Does
Publicis Groupe's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 12.73x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts |
6.8%per year |
| France Media Industry PEG Ratio | Median Figure of 15 Publicly-Listed Media Companies | 1.55x |
| France Market PEG Ratio | Median Figure of 269 Publicly-Listed Companies | 1.36x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 12.73x ÷ 6.8% |
1.88x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Publicis Groupe is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Publicis Groupe's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €29.59 |
| ENXTPA:PUB Share Price * | ENXTPA (2019-03-19) in EUR | €51.04 |
| France Media Industry PB Ratio | Median Figure of 25 Publicly-Listed Media Companies | 1.5x |
| France Market PB Ratio | Median Figure of 619 Publicly-Listed Companies | 1.5x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTPA:PUB Share Price ÷ Book Value per Share (both in EUR) = 51.04 ÷ 29.59 |
1.72x |
* Primary Listing of Publicis Groupe.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Publicis Groupe is overvalued based on assets compared to the FR Media industry average.
Value checks
We assess Publicis Groupe's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Media industry average (and greater than 0)? (1 check) Publicis Groupe has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Publicis Groupe's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
- Publicis Groupe's earnings growth is positive but not above the France market average.
- Publicis Groupe's revenue growth is positive but not above the France market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ENXTPA:PUB Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 18 Analysts | 6.8% |
| ENXTPA:PUB Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 18 Analysts | 1.4% |
| France Media Industry Earnings Growth Rate | Market Cap Weighted Average | 12% |
| France Media Industry Revenue Growth Rate | Market Cap Weighted Average | 3.2% |
| France Market Earnings Growth Rate | Market Cap Weighted Average | 12.9% |
| France Market Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | 10,513 | 1,446 | 1 | |
| 2021-12-31 | 10,877 | 1,744 | 1,120 | 2 |
| 2020-12-31 | 9,825 | 1,542 | 1,078 | 9 |
| 2019-12-31 | 9,518 | 1,384 | 1,023 | 9 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 9,951 | 1,942 | 919 |
| 2018-09-30 | 9,484 | 1,846 | 848 |
| 2018-06-30 | 9,294 | 1,750 | 776 |
| 2018-03-31 | 9,492 | 1,619 | 819 |
| 2017-12-31 | 9,690 | 1,487 | 862 |
| 2017-09-30 | 10,035 | 1,322 | 171 |
| 2017-06-30 | 10,101 | 1,156 | -521 |
| 2017-03-31 | 9,917 | 1,114 | -524 |
| 2016-12-31 | 9,733 | 1,072 | -527 |
| 2016-09-30 | 9,773 | 1,142 | 196 |
| 2016-06-30 | 9,812 | 1,212 | 919 |
| 2016-03-31 | 9,707 | 1,309 | 910 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
All data from Publicis Groupe Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2022-12-31 | ||||
| 2021-12-31 | 5.12 | 6.31 | 4.20 | 5.00 |
| 2020-12-31 | 4.77 | 5.60 | 4.18 | 13.00 |
| 2019-12-31 | 4.47 | 4.93 | 4.05 | 13.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 4.01 |
| 2018-09-30 | 3.71 |
| 2018-06-30 | 3.41 |
| 2018-03-31 | 3.61 |
| 2017-12-31 | 3.81 |
| 2017-09-30 | 0.76 |
| 2017-06-30 | -2.32 |
| 2017-03-31 | -2.34 |
| 2016-12-31 | -2.36 |
| 2016-09-30 | 0.88 |
| 2016-06-30 | 4.15 |
| 2016-03-31 | 4.10 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Publicis Groupe's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Publicis Groupe has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Publicis Groupe performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Publicis Groupe's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
- Publicis Groupe's 1-year earnings growth exceeds its 5-year average (6.6% vs -8.9%)
- Publicis Groupe's earnings growth has not exceeded the FR Media industry average in the past year (6.6% vs 7.8%).
Earnings and Revenue History
All data from Publicis Groupe Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 9,951.00 | 919.00 | ||
| 2018-09-30 | 9,483.50 | 847.50 | 167.50 | |
| 2018-06-30 | 9,294.00 | 776.00 | 335.00 | |
| 2018-03-31 | 9,492.00 | 819.00 | 335.00 | |
| 2017-12-31 | 9,690.00 | 862.00 | 335.00 | |
| 2017-09-30 | 10,034.50 | 170.50 | 339.50 | |
| 2017-06-30 | 10,101.00 | -521.00 | 344.00 | |
| 2017-03-31 | 9,917.00 | -524.00 | 344.00 | |
| 2016-12-31 | 9,733.00 | -527.00 | 344.00 | |
| 2016-09-30 | 9,772.50 | 196.00 | 352.00 | |
| 2016-06-30 | 9,812.00 | 919.00 | 360.00 | |
| 2016-03-31 | 9,706.50 | 910.00 | 360.00 | |
| 2015-12-31 | 9,601.00 | 901.00 | 360.00 | |
| 2015-09-30 | 9,020.00 | 862.00 | 320.50 | |
| 2015-06-30 | 8,439.00 | 823.00 | 281.00 | |
| 2015-03-31 | 7,847.00 | 771.50 | 281.00 | |
| 2014-12-31 | 7,255.00 | 720.00 | 281.00 | |
| 2014-09-30 | 7,107.50 | 729.50 | 274.50 | |
| 2014-06-30 | 6,960.00 | 739.00 | 268.00 | |
| 2014-03-31 | 6,956.50 | 765.50 | 268.00 | |
| 2013-12-31 | 6,953.00 | 792.00 | 268.00 | |
| 2013-09-30 | 6,915.00 | 782.00 | 263.00 | |
| 2013-06-30 | 6,877.00 | 772.00 | 258.00 | |
| 2013-03-31 | 6,743.50 | 752.00 | 258.00 | |
| 2012-12-31 | 6,610.00 | 732.00 | 258.00 | |
| 2012-09-30 | 6,405.50 | 683.00 | 188.00 | |
| 2012-06-30 | 6,201.00 | 642.00 | 330.00 | |
| 2012-03-31 | 6,008.50 | 621.00 | 330.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Publicis Groupe has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Publicis Groupe used its assets less efficiently than the FR Media industry average last year based on Return on Assets.
- Publicis Groupe's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Publicis Groupe's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Publicis Groupe has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Publicis Groupe's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Publicis Groupe's finances.
The net worth of a company is the difference between its assets and liabilities.
- Publicis Groupe's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Publicis Groupe's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Publicis Groupe Company Filings, last reported 2 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 6,853.00 | 4,915.00 | 3,206.00 |
| 2018-09-30 | 6,853.00 | 4,915.00 | 3,206.00 |
| 2018-06-30 | 6,154.00 | 4,902.00 | 1,812.00 |
| 2018-03-31 | 6,154.00 | 4,902.00 | 1,812.00 |
| 2017-12-31 | 5,958.00 | 3,158.00 | 2,407.00 |
| 2017-09-30 | 5,958.00 | 3,158.00 | 2,407.00 |
| 2017-06-30 | 5,630.00 | 3,243.00 | 1,151.00 |
| 2017-03-31 | 5,630.00 | 3,243.00 | 1,151.00 |
| 2016-12-31 | 6,065.00 | 3,536.00 | 2,228.00 |
| 2016-09-30 | 6,065.00 | 3,536.00 | 2,228.00 |
| 2016-06-30 | 6,514.00 | 3,583.00 | 1,064.00 |
| 2016-03-31 | 6,514.00 | 3,583.00 | 1,064.00 |
| 2015-12-31 | 6,583.00 | 3,574.00 | 1,672.00 |
| 2015-09-30 | 6,583.00 | 3,574.00 | 1,672.00 |
| 2015-06-30 | 6,050.00 | 3,987.00 | 1,090.00 |
| 2015-03-31 | 6,050.00 | 3,987.00 | 1,090.00 |
| 2014-12-31 | 6,115.00 | 2,202.00 | 3,158.00 |
| 2014-09-30 | 6,115.00 | 2,202.00 | 3,158.00 |
| 2014-06-30 | 5,220.00 | 823.00 | 836.00 |
| 2014-03-31 | 5,220.00 | 823.00 | 836.00 |
| 2013-12-31 | 5,133.00 | 865.00 | 1,442.00 |
| 2013-09-30 | 5,133.00 | 865.00 | 1,442.00 |
| 2013-06-30 | 4,600.00 | 1,392.00 | 750.00 |
| 2013-03-31 | 4,600.00 | 1,392.00 | 750.00 |
| 2012-12-31 | 4,659.00 | 1,112.00 | 1,314.00 |
| 2012-09-30 | 4,658.00 | 1,112.00 | 1,314.00 |
| 2012-06-30 | 3,600.00 | 1,687.00 | 772.00 |
| 2012-03-31 | 3,600.00 | 1,687.00 | 772.00 |
- Publicis Groupe's level of debt (71.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (16.8% vs 71.7% today).
- Debt is well covered by operating cash flow (39.5%, greater than 20% of total debt).
- Publicis Groupe earns more interest than it pays, coverage of interest payments is not a concern.
Financial health checks
We assess Publicis Groupe's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Publicis Groupe has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Publicis Groupe's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Publicis Groupe
shares you are expected to receive
€83
in your first year as a dividend.
Dividend Amount
- Publicis Groupe's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.62%).
- Publicis Groupe's dividend is below the markets top 25% of dividend payers in France (4.5%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 18 Analyst Estimates (S&P Global) | See Below |
| France Media Industry Average Dividend Yield | Market Cap Weighted Average of 16 Stocks | 4.3% |
| France Market Average Dividend Yield | Market Cap Weighted Average of 319 Stocks | 3.1% |
| France Minimum Threshold Dividend Yield | 10th Percentile | 1% |
| France Bottom 25% Dividend Yield | 25th Percentile | 1.6% |
| France Top 25% Dividend Yield | 75th Percentile | 4.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2022-12-31 | 2.23 | 1.00 |
| 2021-12-31 | 2.48 | 11.00 |
| 2020-12-31 | 2.35 | 21.00 |
| 2019-12-31 | 2.21 | 21.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-06 | 2.120 | 4.312 |
| 2018-05-28 | 2.000 | 3.723 |
| 2017-04-27 | 1.850 | 3.101 |
| 2016-05-26 | 1.600 | 2.505 |
| 2015-02-12 | 1.200 | 1.879 |
| 2014-02-13 | 1.100 | 1.844 |
| 2013-02-14 | 0.900 | 1.552 |
| 2012-08-03 | 0.700 | 1.592 |
| 2012-02-09 | 0.700 | 1.793 |
| 2011-02-10 | 0.700 | 1.940 |
| 2010-03-19 | 0.600 | 1.726 |
| 2010-02-17 | 0.600 | 2.025 |
| 2009-03-20 | 0.600 | 2.419 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Publicis Groupe's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.9x coverage).
- Dividends after 3 years are expected to be well covered by earnings (2.1x coverage).
Income/ dividend checks
We assess Publicis Groupe's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Publicis Groupe afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Publicis Groupe has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €1,729,332 |
| AGE | 47 |
| TENURE AS CEO | 1.8 years |
CEO Bio
Mr. Arthur Sadoun has been Chairman of Management Board and Chief Executive Officer of Publicis Groupe S.A. since June 1, 2017. Mr. Sadoun was Chief Executive Officer of Publicis Communication since 2015. He served as an Independent Director at Fnac Darty SA until May 18, 2018. Mr. Sadoun created his own public relations firm in Chile before joining the TBWA network in Paris as Director of International Strategic Planning and then became Director of Development. In 2000 he was named Chief Executive Officer of TBWA/Paris and then went on to become Chairman of the Board in 2003. In 2006, he joined Publicis Conseil as Chairman and Chief Executive Officer. He serves as Chair of the Management Board and Chief Executive Officer of Publicis Conseil SA, Director of Sichuan Yongyang Advertising Co., Ltd (China) and Director of BBH Holdings Limited (United Kingdom). He served as Chairman of Elephant Seven Espana SAU (Spain), Chairman of Marcel SAS (France), Chairman of Publicis Dialog SA (France), Chairman of Publicis Webperformance SAS (France), Legal representative of Publicis Dialog, Chairman of Temdo SAS (France), Publicis Eto SAS (France) and Publicis K1 SAS (France), Director of Gobule Bleu SPRL (Belgium), Director of Proximedia SA (Belgium), Director of PBC Communicaçao LTDA (Brazil), Director of G/B2 Inc. (Canada), Director of Cyber Media Group SA (Luxembourg), Director of Kitchen Reklamebyra AS (Norway), Director of LAP Agencias de Comunicacao LDA (Portugal), Director of Poke London Limited (United Kingdom), Director of Publicis Limited (United Kingdom), Director of Publicis Canada Inc. (Canada), Director of MSL France SA (formerly F2SCom) (France), Chairman of the Board of Directors, Publicis Srl (Italy), Manager of Publicis Red Lion GmbH (Germany), Manager of Bielefeld GmbH (Germany) and Manager, Pixelpark GmbH (Germany). He was Director of Director of DPZ&T Comunicaçoes SA (Brazil) until January 2018. Mr. Sadoun is a graduate of the European Business School and holds an MBA from the INSEAD in 1997.
CEO Compensation
- Insufficient data for Arthur to compare compensation growth.
- Arthur's remuneration is lower than average for companies of similar size in France.
Management Team Tenure
Average tenure and age of the Publicis Groupe management team in years:
- The average tenure for the Publicis Groupe management team is less than 2 years, this suggests a new team.
Management Team
Arthur Sadoun
Chairman of Management Board
€2M
47
1.8 yrs
Jean-Michel Etienne
Group CFO
€2M
67
18.5 yrs
Steve King
COO & Member of Management Board
€2M
59
1.8 yrs
Anne-Gabrielle Heilbronner
Secretary General & Member of Management Board
€1M
49
4.5 yrs
Agathe Bousquet
President
44
1.5 yrs
Alessandra Girolami
Vice President of Investor Relations & Strategic Financial Planning
Céline Fronval
Group General Counsel
1.8 yrs
Emmanuel Andre
Chief Talent Officer
1.5 yrs
Rishad Tobaccowala
Chief Growth Officer
5.7 yrs
Alejandro Mendoza
President & CEO of Publicis Communications Mexico and Regional Executive Chairman
Board of Directors Tenure
Average tenure and age of the Publicis Groupe board of directors in years:
- The tenure for the Publicis Groupe board of directors is about average.
Board of Directors
Maurice Lévy
Chairman of Supervisory Board
€3M
76
1.8 yrs
Élisabeth Badinter
Vice Chairman of Supervisory Board
€160K
74
1.8 yrs
Tom Bernardin
Chairman of Leo Burnett
Elie Ohayon
Chairman of Saatchi & Saatchi Duke
6.8 yrs
Susan Giannino
Chairman & Chief Executive Officer of Publicis Worldwide USA
5.3 yrs
Rich Stoddart
Chairman of Leo Burnett North America
55
Alex Saber
Chairman of Publicis Media
Justin Billingsley
Chairman of Publicis Groupe Dach & CEO of Publicis Emil
Marie-Josee Kravis
Member of the Supervisory Board
€55K
69
8.8 yrs
Jean Charest
Member of the Supervisory Board
€75K
60
5.8 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Publicis Groupe's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Publicis Groupe has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
The Publicis Groupe (EPA:PUB) Share Price Is Down 22% So Some Shareholders Are Getting Worried
(EPA:PUB), since the last five years saw the share price fall 22%. … While the share price declined over five years, Publicis Groupe actually managed to increase EPS by an average of 1.8% per year. … With EPS gaining and a declining share price, one would suggest the market is cooling on its view of the company.
Simply Wall St - – Full articleIs Publicis Groupe S.A.'s (EPA:PUB) 14% Better Than Average?
By way of learning-by-doing, we'll look at ROE to gain a better understanding of Publicis Groupe S.A. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.14 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleHas Publicis Groupe S.A. (EPA:PUB) Improved Earnings Growth In Recent Times?
Today I will assess PUB's recent performance announced on 31 December 2018 and compare these figures to its historical trend and industry movements. … How Did PUB's Recent Performance Stack Up Against Its Past. … PUB's trailing twelve-month earnings (from 31 December 2018) of €919m has.
Simply Wall St - – Full articleWhat Should We Expect From Publicis Groupe S.A.'s (EPA:PUB) Earnings In The Years Ahead?
Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Publicis Groupe S.A.'s (EPA:PUB) most recent earnings announcement in December 2018a
Simply Wall St - – Full articleWhy We Like Publicis Groupe S.A.’s (EPA:PUB) 13% Return On Capital Employed
To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … Understanding Return On Capital Employed (ROCE). … The formula for calculating the return on capital employed is:
Simply Wall St - – Full articlePublicis Groupe S.A. (EPA:PUB): Is It A Smart Long Term Opportunity?
In June 2018, Publicis Groupe S.A. … (EPA:PUB) released its earnings update. … the past 5-year average growth rate of -17%
Simply Wall St - – Full articlePublicis Groupe S.A. (EPA:PUB) Is Trading At A 43.95% Discount
I am going to run you through how I calculated the intrinsic value of Publicis Groupe S.A. … by taking the foreast future cash flows of the company and discounting them back to today's value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleDo Insiders Own Shares In Publicis Groupe SA (EPA:PUB)?
A look at the shareholders of Publicis Groupe SA (EPA:PUB) can tell us which group is most powerful. … So it's nice to see some insider ownership, because it may suggest that management is owner-oriented. … With a market capitalization of €12b, Publicis Groupe is rather large.
Simply Wall St - – Full articleWith A Return On Equity Of 13%, Has Publicis Groupe SA's (EPA:PUB) Management Done Well?
Our data shows Publicis Groupe has a return on equity of 13% for the last year. … One way to conceptualize this, is that for each €1 of shareholders' equity it has, the company made €0.13 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articlePublicis Groupe SA (EPA:PUB)'s Return on Capital
and looking to gauge the potential return on investment in Publicis Groupe SA (EPA:PUB). … Your return is tied to PUB’s ability to do this because the amount earned is used to invest in opportunities to grow the business or payout dividends, which are the two sources of return on investment. … Thus, to understand how your money can grow by investing in Publicis Groupe, you need to look at what the company returns to owners for the use of their capital, which can be done in many ways but today we will use return on capital employed (ROCE)
Simply Wall St - – Full articleCompany Info
Description
Publicis Groupe S.A. provides marketing, communication, and digital transformation services worldwide. The company offers creative solutions, including advertising, interactive communications and digital marketing, direct marketing and customer relationship management, sales promotion and point-of-sale marketing, public relations, corporate and financial communications, and events communication services. It also provides media consulting/media planning and space purchase services. In addition, the company engages in the creation of corporate or commercial Websites and Intranets, social network expertise, search engine optimization, Internet ads, and various forms of Internet and mobile communication; and provision of online direct marketing consulting services. Further, it provides healthcare communication services under the Digitas Health and Publicis Health Media brands. The company serves clients in the non-food consumer products, finance, automobile, TMT, healthcare, food and beverage, leisure/energy/luxury, retail, and other sectors. Publicis Groupe S.A. was founded in 1926 and is headquartered in Paris, France.
Details
| Name: | Publicis Groupe S.A. |
| PUB | |
| Exchange: | ENXTPA |
| Founded: | 1926 |
| €11,771,612,492 | |
| 230,635,041 | |
| Website: | http://www.publicisgroupe.com |
| Address: |
Publicis Groupe S.A. 133, Avenue des Champs-Élysées, Paris, Ile-de-France, 75008, France |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTPA | PUB | Ordinary Shares | Euronext Paris | FR | EUR | 02. Jan 1980 | |
| OTCPK | PGPE.F | Ordinary Shares | Pink Sheets LLC | US | USD | 02. Jan 1980 | |
| DB | PU4 | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1980 | |
| LSE | 0FQI | Ordinary Shares | London Stock Exchange | GB | EUR | 02. Jan 1980 | |
| SWX | PUB | Ordinary Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1980 | |
| WBAG | PUB | Ordinary Shares | Wiener Boerse AG | AT | EUR | 02. Jan 1980 | |
| BMV | PUB N | Ordinary Shares | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1980 | |
| BATS-CHIXE | PUBP | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 02. Jan 1980 | |
| OTCPK | PUBG.Y | SPONSORED ADR | Pink Sheets LLC | US | USD | 12. Sep 2000 |
Number of employees
Current staff
Industry
| Advertising | |
| Media |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/03/19 20:35 |
| End of day share price update: | 2019/03/19 00:00 |
| Last estimates confirmation: | 2019/03/18 |
| Last earnings filing: | 2019/02/06 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
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.
