Publicis Groupe S.A.

ENXTPA:PUB Stock Report

Market Cap: €22.3b

Publicis Groupe Management

Management criteria checks 2/4

Publicis Groupe's CEO is Arthur Sadoun, appointed in Jun 2017, has a tenure of 2.08 years. total yearly compensation is €8.35M, comprised of 14% salary and 86% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €23.97M. The average tenure of the management team and the board of directors is 7.7 years and 2.1 years respectively.

Key information

Arthur Sadoun

Chief executive officer

€8.4m

Total compensation

CEO salary percentage14.01%
CEO tenure9yrs
CEO ownership0.1%
Management average tenure7.7yrs
Board average tenure2.1yrs

Recent management updates

Recent updates

Narrative Update • Jun 07

PUB: Microsoft Alliance And LiveRamp Integration Will Support Future Upside

Narrative Update on Publicis Groupe The analyst price target for Publicis Groupe is now set at €110, a modest uplift supported by expectations for earnings growth from recent acquisitions, including LiveRamp, and ongoing margin expansion highlighted in recent research coverage. Analyst Commentary Recent Street research on Publicis Groupe is clustered around a €110 price target, with several firms initiating or updating coverage at or below this level.
Narrative Update • May 24

PUB: Ad Tech Power Rebalance And Microsoft Alliance Will Support Future Upside

Analysts have nudged their implied price target for Publicis Groupe higher to about €107.50 per share, citing a modestly firmer profit margin outlook, a slightly richer future P/E assumption and recent Street target moves around €90. Together, these factors support a small uplift in fair value despite a marginally higher discount rate and a gently softer revenue trajectory.
Narrative Update • May 05

PUB: Expanded Microsoft Partnership And Buybacks Will Support Future Share Price Upside

The analyst price target for Publicis Groupe has been cut by about €1, with recent moves reflecting mixed views from banks that have trimmed their targets alongside at least one modest upward revision. Analysts are factoring in slightly lower fair value, revenue growth and profit margin assumptions, along with a marginally reduced future P/E.
Narrative Update • Apr 21

PUB: AI And Audit Shifts Will Shape Future Upside Case

Narrative Update on Publicis Groupe The analyst price target for Publicis Groupe has shifted slightly higher by €1 to €131, as analysts weigh mixed recent target moves with updated assumptions on discount rate, revenue trends, margin profile, and a lower future P/E multiple. Analyst Commentary Recent research on Publicis Groupe reflects a mix of price target changes and rating actions, with some bullish analysts highlighting supports for the current valuation despite opposing moves from more cautious voices.
Narrative Update • Apr 07

PUB: Dividend And Buyback Will Support Benefits From Trade Desk Exit

Analysts have trimmed their Publicis Groupe price targets by €5 to €10. This reflects slightly weaker revenue growth and margin assumptions, as well as a higher future P/E, while fair value estimates remain broadly unchanged.
Narrative Update • Mar 23

PUB: Rich Dividend And Buyback Will Underpin A Cautiously Optimistic 2025 Outlook

Analysts have trimmed their average price target on Publicis Groupe by €10 to reflect slightly higher discount rate assumptions and softer revenue growth expectations. This is partially offset by modestly stronger profit margin forecasts and a broadly unchanged fair value and future P/E outlook.
Narrative Update • Mar 08

PUB: AI Uncertainty And Shareholder Returns Will Support Future Share Price Upside

Narrative Update on Publicis Groupe The analyst fair value estimate for Publicis Groupe has been trimmed by about €0.86 to €107.79, as analysts factor in recent target cuts from Citi, Deutsche Bank and a downgrade at Barclays. This has been partly offset by a slightly higher €115 target from Morgan Stanley and prior constructive initiation commentary from Citi around AI related risks and opportunities.
Narrative Update • Feb 22

PUB: AI Concerns And Higher Discount Rate Will Still Support Share Price Upside

The analyst price target for Publicis Groupe has been trimmed by about €5 to reflect a slightly higher discount rate and a lower future P/E assumption, as analysts balance recent target cuts and a downgrade with new coverage and modest target increases elsewhere. Analyst Commentary Recent Street research on Publicis Groupe presents a mix of supportive and cautious views, with adjustments to price targets and ratings reflecting different opinions on execution, growth prospects and valuation assumptions.
Analysis Article • Feb 10

Publicis Groupe's (EPA:PUB) Earnings Offer More Than Meets The Eye

The stock was sluggish on the back of Publicis Groupe S.A.'s ( EPA:PUB ) recent earnings report. We have done some...
Narrative Update • Feb 08

PUB: Softer Outlook And Rich Dividend Will Shape A Measured 2025 Narrative

Analysts have trimmed their fair value estimate for Publicis Groupe from €95.00 to €90.00, reflecting lower price targets and slightly softer revenue growth assumptions, partly offset by higher margin expectations and a reduced future P/E multiple. Analyst Commentary Street research on Publicis Groupe has turned more cautious recently, with several Bearish analysts trimming price targets and one moving to a more negative stance.
Narrative Update • Jan 25

PUB: AI Selloff Will Shape Upside Case For Shares

Narrative Update Overview The analyst fair value estimate for Publicis Groupe has been adjusted from €133.00 to €130.00, as analysts factor in updated assumptions on growth, margins and discount rates. They also note recent Street research that includes a new €109 price target from Citi and a slightly higher €115 target from Morgan Stanley.
Narrative Update • Jan 10

PUB: Updated Guidance And Ratings Will Shape A Measured 2025 Outlook

Analysts have raised their price target on Publicis Groupe from €83.36 to €95.00. This reflects updated views on revenue trends, profit margins and future P/E expectations, supported by recent Street research that includes higher targets and rating changes from several firms.
Narrative Update • Dec 25

PUB: Raised 2025 Guidance Will Drive Earnings Momentum And Share Price Upside

Analysts modestly raised their price target on Publicis Groupe to about EUR 97 from roughly EUR 95, citing improving revenue growth expectations, a slightly higher fair value estimate, and upgraded ratings that underscore confidence in the company’s earnings outlook, despite a marginally lower projected profit margin. Analyst Commentary Recent research updates reflect a more constructive stance on Publicis Groupe, with price targets nudged higher and ratings improving as analysts reassess the company’s earnings durability and growth prospects.
Analysis Article • Dec 18

Publicis Groupe's (EPA:PUB) Returns On Capital Are Heading Higher

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...
Narrative Update • Dec 11

PUB: Raised 2025 Guidance Will Drive Earnings Momentum And Share Price Upside

Analysts have nudged their price targets for Publicis Groupe higher, with updates clustering around the mid EUR 90s to EUR 100 range. They cite a slightly improved long term growth and profitability outlook that, in their view, supports a modestly higher valuation multiple.
Analysis Article • Dec 03

The Market Doesn't Like What It Sees From Publicis Groupe S.A.'s (EPA:PUB) Earnings Yet

Publicis Groupe S.A.'s ( EPA:PUB ) price-to-earnings (or "P/E") ratio of 12.2x might make it look like a buy right now...
Narrative Update • Nov 27

PUB: Ratings Momentum Will Support Gains As Guidance Increases For 2025

Analysts have modestly increased their price targets for Publicis Groupe. The consensus has risen by a few euros as they cite improved outlooks on the company’s valuation and growth potential.
Narrative Update • Nov 13

PUB: Upgrades And Guidance Raise Confidence As Competitive Landscape May Shift

Analysts have slightly raised their price targets on Publicis Groupe, with recent updates citing an improvement of up to EUR 4. These incremental adjustments reflect ongoing confidence in the company's valuation and growth prospects.
Analysis Article • Oct 31

Is It Too Late To Consider Buying Publicis Groupe S.A. (EPA:PUB)?

Today we're going to take a look at the well-established Publicis Groupe S.A. ( EPA:PUB ). The company's stock saw a...
Narrative Update • Oct 30

Earnings Guidance Increases And Rival Changes Will Drive Future Performance

Analysts have marginally increased their price targets for Publicis Groupe, with recent updates ranging from EUR 95 to EUR 114. These changes are supported by improved outlooks on valuation and future performance.
Narrative Update • Oct 15

AI Adoption And Digital Transformation Will Unlock Future Value

Publicis Groupe's analyst price target has increased modestly from EUR 111.33 to EUR 113.33. Analysts point to improved profit margin expectations, which are offsetting slightly lower revenue growth forecasts.
Analysis Article • Oct 13

Is Now The Time To Put Publicis Groupe (EPA:PUB) On Your Watchlist?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article • Sep 16

Publicis Groupe (EPA:PUB) Is Looking To Continue Growing Its Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
Narrative Update • Sep 10

AI Adoption And Digital Transformation Will Unlock Future Value

Analysts have slightly raised their price target for Publicis Groupe to €111.33, reflecting confidence in its attractive valuation, resilient market positioning, and expectations for improved margins and market share despite ongoing macroeconomic uncertainties. Analyst Commentary Attractive valuation at current share levels is prompting bullish analysts to upgrade their outlook.
Analysis Article • Sep 02

We Think Publicis Groupe (EPA:PUB) Can Stay On Top Of Its Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article • Aug 04

Publicis Groupe S.A.'s (EPA:PUB) Shares Lagging The Market But So Is The Business

When close to half the companies in France have price-to-earnings ratios (or "P/E's") above 16x, you may consider...
Analysis Article • Jul 12

Should You Be Adding Publicis Groupe (EPA:PUB) To Your Watchlist Today?

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
User avatar
New Narrative • Jun 05

Publicis Groupe will Transform into a Tech-Forward Marketing Powerhouse

Publicis Groupe presents a compelling base case for medium-term investors, offering a well-balanced mix of defensive cash flow and exposure to structural growth trends in data, AI, and digital transfo
User avatar
New Narrative • Feb 09

Investing In AI And Connected Media Expansion Will Strengthen Future Prospects

Strategic AI investments and talent development initiatives are poised to enhance efficiency and potentially expand net margins over time.

CEO Compensation Analysis

How has Arthur Sadoun's remuneration changed compared to Publicis Groupe's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2025€8m€1m

€2b

Sep 30 2025n/an/a

€2b

Jun 30 2025n/an/a

€2b

Mar 31 2025n/an/a

€2b

Dec 31 2024€8m€1m

€2b

Sep 30 2024n/an/a

€2b

Jun 30 2024n/an/a

€1b

Mar 31 2024n/an/a

€1b

Dec 31 2023€8m€1m

€1b

Sep 30 2023n/an/a

€1b

Jun 30 2023n/an/a

€1b

Mar 31 2023n/an/a

€1b

Dec 31 2022€7m€1m

€1b

Sep 30 2022n/an/a

€1b

Jun 30 2022n/an/a

€1b

Mar 31 2022n/an/a

€1b

Dec 31 2021€6m€1m

€1b

Sep 30 2021n/an/a

€941m

Jun 30 2021n/an/a

€854m

Mar 31 2021n/an/a

€715m

Dec 31 2020€4m€1m

€576m

Sep 30 2020n/an/a

€604m

Jun 30 2020n/an/a

€632m

Mar 31 2020n/an/a

€737m

Dec 31 2019€3m€1m

€841m

Compensation vs Market: Arthur's total compensation ($USD9.70M) is above average for companies of similar size in the French market ($USD5.52M).

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

CEO

Arthur Sadoun (55 yo)

9yrs
Tenure
€8,350,924
Compensation

Mr. Arthur Sadoun is Chairman & CEO of Publicis Groupe S.A. from May 29, 2024 He serves as Independent Director of Carrefour SA since December 07, 2021. Mr. Sadoun was Chairman of Management Board & CEO of...

Leadership Team

NamePositionTenureCompensationOwnership
Arthur Sadoun
Chairman & CEO9yrs€8.35m0.11%
€ 24.0m
Agathe Bousquet
President9.2yrsno datano data
Loris Nold
Chief Financial Officer2.3yrs€2.33mno data
Jean-Michel Bonamy
Deputy Chief Financial Officer of Investor Relations2.3yrsno datano data
Céline Fronval
Group General Counsel9.1yrsno datano data
Amy Hadfield
Director of Global Communicationsno datano datano data
Jean-Michel Etienne
Special Advisor to the Chairman & CEO5.5yrs€2.20mno data
Alejandro Mendoza
President & CEO of Publicis Communications Mexico and Regional Executive Chairmanno datano datano data
Cesar Bettencourt
Managing Director of Publicis Ecuador15yrsno datano data
Anupriya Acharya
Chief Executive Officer of South Asiano datano datano data
Bertilla Teo
Co-Chief Executive Officersno datano datano data
Gareth Mulryan
Chief Executive Officer of Publicis Groupe Japan6.3yrsno datano data
7.7yrs
Average Tenure
55yo
Average Age

Experienced Management: PUB's management team is seasoned and experienced (7.7 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Arthur Sadoun
Chairman & CEO2.1yrs€8.35m0.11%
€ 24.0m
Susan Giannino
Chairman & Chief Executive Officer of Publicis Worldwide USA12.5yrsno datano data
Thomas Glocer
Independent Director2.1yrs€136.00k0.00020%
€ 44.6k
Marie- Kravis
Independent Director2.1yrs€106.00k0.0012%
€ 261.0k
Maurice Lévy
Chairman Emeritus2.4yrsno datano data
André Kudelski
Lead Independent Director2.1yrs€166.00k0.00020%
€ 44.6k
Sophie Dulac
Director2.1yrs€76.00k0.64%
€ 143.4m
Élisabeth Badinter
Vice Chairman of the Board of Directors2.1yrs€88.00k6.71%
€ 1.5b
Antonella Mei-Pochtler
Independent Director2.1yrs€115.00k0.00020%
€ 44.6k
Jean Charest
Independent Director2.1yrs€122.50k0.00056%
€ 124.9k
Pierre Pénicaud
Employee Representative Director2.1yrs€38.00kno data
Suzan LeVine
Independent Director2.1yrs€112.00k0.00022%
€ 49.1k
2.1yrs
Average Tenure
68yo
Average Age

Experienced Board: PUB's board of directors are not considered experienced ( 2.1 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/15 16:44
End of Day Share Price 2026/06/12 00:00
Earnings2025/12/31
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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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

Publicis Groupe S.A. is covered by 32 analysts. 15 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
Anna PatriceBerenberg
Christophe CherblancBernstein