Publicis Groupe Valuation

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

PUBG.Y ($26.35) is trading below our estimate of [[fair value]] ($54.91)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: PUBG.Y ($26.35) is trading below our estimate of fair value ($54.91)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PUBG.Y?

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

The above table shows the Price to Earnings ratio for PUBG.Y. This is calculated by dividing PUBG.Y's market cap by their current earnings.
What is PUBG.Y's PE Ratio?
PE Ratio	17x
Earnings	€1.46b
Market Cap	€24.92b

PUBG.Y key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.8x
Enterprise Value/EBITDA	10.7x
PEG Ratio	3.2x

Price to Earnings Ratio vs Peers

How does PUBG.Y's PE Ratio compare to its peers?

The above table shows the PE ratio for PUBG.Y vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	86.5x
OMC Omnicom Group	13.1x	6.4%	US$19.2b
IPG Interpublic Group of Companies	12.7x	6.6%	US$10.3b
TTD Trade Desk	187.8x	30.8%	US$58.3b
MGNI Magnite	132.3x	49.3%	US$2.2b
PUBG.Y Publicis Groupe	17x	5.2%	US$24.9b

Price-To-Earnings vs Peers: PUBG.Y is good value based on its Price-To-Earnings Ratio (17x) compared to the peer average (86.5x).

Price to Earnings Ratio vs Industry

How does PUBG.Y's PE Ratio compare vs other companies in the US Media Industry?

5 Companies	Price / Earnings	Estimated Growth	Market Cap
DISH DISH Network	2.5x	-71.9%	US$3.08b
GTN Gray Television	2.9x	-29.4%	US$446.27m
ABLV Able View Global	3.8x	n/a	US$36.23m
ANTE AirNet Technology	0.3x	n/a	US$7.66m

5 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: PUBG.Y is expensive based on its Price-To-Earnings Ratio (17x) compared to the US Media industry average (14.6x).

Price to Earnings Ratio vs Fair Ratio

What is PUBG.Y'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.

PUBG.Y PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	17x
Fair PE Ratio	21.1x

Price-To-Earnings vs Fair Ratio: PUBG.Y is good value based on its Price-To-Earnings Ratio (17x) compared to the estimated Fair Price-To-Earnings Ratio (21.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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