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HAVAS NV (HAVAS.AS) Stock Fundamental Analysis

Europe - AMS:HAVAS - NL0015002AH0 - Common Stock

1.4585 EUR
-0.02 (-1.59%)
Last: 11/14/2025, 7:00:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to HAVAS. HAVAS was compared to 65 industry peers in the Media industry. HAVAS has a medium profitability rating, but doesn't score so well on its financial health evaluation. HAVAS has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

HAVAS had positive earnings in the past year.
HAVAS had a positive operating cash flow in the past year.
HAVAS.AS Yearly Net Income VS EBIT VS OCF VS FCFHAVAS.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2022 2023 2024 100M 200M 300M

1.2 Ratios

HAVAS has a Return On Assets (2.65%) which is comparable to the rest of the industry.
HAVAS has a better Return On Equity (10.20%) than 66.67% of its industry peers.
HAVAS has a better Return On Invested Capital (9.60%) than 86.36% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for HAVAS is in line with the industry average of 7.57%.
The 3 year average ROIC (8.24%) for HAVAS is below the current ROIC(9.60%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.65%
ROE 10.2%
ROIC 9.6%
ROA(3y)2.51%
ROA(5y)N/A
ROE(3y)9.01%
ROE(5y)N/A
ROIC(3y)8.24%
ROIC(5y)N/A
HAVAS.AS Yearly ROA, ROE, ROICHAVAS.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 2 4 6 8

1.3 Margins

HAVAS's Profit Margin of 6.06% is fine compared to the rest of the industry. HAVAS outperforms 71.21% of its industry peers.
HAVAS has a better Operating Margin (11.77%) than 75.76% of its industry peers.
Industry RankSector Rank
OM 11.77%
PM (TTM) 6.06%
GM N/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
HAVAS.AS Yearly Profit, Operating, Gross MarginsHAVAS.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2022 2023 2024 2 4 6 8 10

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so HAVAS is still creating some value.
The number of shares outstanding for HAVAS remains at a similar level compared to 1 year ago.
Compared to 1 year ago, HAVAS has an improved debt to assets ratio.
HAVAS.AS Yearly Shares OutstandingHAVAS.AS Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 200M 400M 600M 800M
HAVAS.AS Yearly Total Debt VS Total AssetsHAVAS.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2B 4B 6B

2.2 Solvency

Based on the Altman-Z score of 0.34, we must say that HAVAS is in the distress zone and has some risk of bankruptcy.
HAVAS's Altman-Z score of 0.34 is on the low side compared to the rest of the industry. HAVAS is outperformed by 78.79% of its industry peers.
HAVAS has a debt to FCF ratio of 3.13. This is a good value and a sign of high solvency as HAVAS would need 3.13 years to pay back of all of its debts.
With a decent Debt to FCF ratio value of 3.13, HAVAS is doing good in the industry, outperforming 72.73% of the companies in the same industry.
HAVAS has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.14, HAVAS belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 3.13
Altman-Z 0.34
ROIC/WACC1.18
WACC8.13%
HAVAS.AS Yearly LT Debt VS Equity VS FCFHAVAS.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2021 2022 2023 2024 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 0.83 indicates that HAVAS may have some problems paying its short term obligations.
The Current ratio of HAVAS (0.83) is worse than 66.67% of its industry peers.
HAVAS has a Quick Ratio of 0.83. This is a bad value and indicates that HAVAS is not financially healthy enough and could expect problems in meeting its short term obligations.
HAVAS has a Quick ratio of 0.80. This is in the lower half of the industry: HAVAS underperforms 62.12% of its industry peers.
Industry RankSector Rank
Current Ratio 0.83
Quick Ratio 0.8
HAVAS.AS Yearly Current Assets VS Current LiabilitesHAVAS.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 1B 2B 3B 4B

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1

3. Growth

3.1 Past

HAVAS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -55.28%.
The Revenue has decreased by -0.31% in the past year.
EPS 1Y (TTM)-55.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-56.41%
Revenue 1Y (TTM)-0.31%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.07%

3.2 Future

The Earnings Per Share is expected to grow by 4.43% on average over the next years.
The Revenue is expected to grow by 0.75% on average over the next years.
EPS Next Y7.65%
EPS Next 2Y7.78%
EPS Next 3Y6.91%
EPS Next 5Y4.43%
Revenue Next Year1.26%
Revenue Next 2Y1.57%
Revenue Next 3Y1.87%
Revenue Next 5Y0.75%

3.3 Evolution

HAVAS.AS Yearly Revenue VS EstimatesHAVAS.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B
HAVAS.AS Yearly EPS VS EstimatesHAVAS.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2024 2025 2026 2027 2028 2029 2030 0.05 0.1 0.15 0.2 0.25

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7

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 8.10, the valuation of HAVAS can be described as reasonable.
Compared to the rest of the industry, the Price/Earnings ratio of HAVAS indicates a rather cheap valuation: HAVAS is cheaper than 84.85% of the companies listed in the same industry.
HAVAS's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 25.89.
A Price/Forward Earnings ratio of 6.48 indicates a rather cheap valuation of HAVAS.
Based on the Price/Forward Earnings ratio, HAVAS is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
HAVAS's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 34.59.
Industry RankSector Rank
PE 8.1
Fwd PE 6.48
HAVAS.AS Price Earnings VS Forward Price EarningsHAVAS.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of HAVAS indicates a rather cheap valuation: HAVAS is cheaper than 81.82% of the companies listed in the same industry.
69.70% of the companies in the same industry are more expensive than HAVAS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 6.24
EV/EBITDA 3.89
HAVAS.AS Per share dataHAVAS.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

HAVAS's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.06
PEG (5Y)N/A
EPS Next 2Y7.78%
EPS Next 3Y6.91%

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6

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.40%, HAVAS is a good candidate for dividend investing.
HAVAS's Dividend Yield is rather good when compared to the industry average which is at 6.31. HAVAS pays more dividend than 80.30% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.44, HAVAS pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.4%

5.2 History

Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
HAVAS.AS Yearly Dividends per shareHAVAS.AS Yearly Dividends per shareYearly Dividends per share 2025 0.2 0.4 0.6

5.3 Sustainability

DPN/A
EPS Next 2Y7.78%
EPS Next 3Y6.91%
HAVAS.AS Yearly Income VS Free CF VS DividendHAVAS.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2022 2023 2024 100M 200M 300M

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HAVAS NV

AMS:HAVAS (11/14/2025, 7:00:00 PM)

1.4585

-0.02 (-1.59%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)10-14 2025-10-14
Earnings (Next)03-03 2026-03-03
Inst Owners30.08%
Inst Owner ChangeN/A
Ins Owners2.67%
Ins Owner ChangeN/A
Market Cap1.45B
Revenue(TTM)2.90B
Net Income(TTM)176.00M
Analysts83.75
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.4%
Yearly Dividend0.25
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-0.98%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)1.25%
EPS NY rev (3m)-1.7%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.1%
Revenue NY rev (3m)-1.64%
Valuation
Industry RankSector Rank
PE 8.1
Fwd PE 6.48
P/S 0.5
P/FCF 6.24
P/OCF 5.4
P/B 0.84
P/tB N/A
EV/EBITDA 3.89
EPS(TTM)0.18
EY12.34%
EPS(NY)0.22
Fwd EY15.42%
FCF(TTM)0.23
FCFY16.04%
OCF(TTM)0.27
OCFY18.53%
SpS2.93
BVpS1.74
TBVpS-0.82
PEG (NY)1.06
PEG (5Y)N/A
Graham Number2.65
Profitability
Industry RankSector Rank
ROA 2.65%
ROE 10.2%
ROCE 14.38%
ROIC 9.6%
ROICexc 11.32%
ROICexgc N/A
OM 11.77%
PM (TTM) 6.06%
GM N/A
FCFM 7.99%
ROA(3y)2.51%
ROA(5y)N/A
ROE(3y)9.01%
ROE(5y)N/A
ROIC(3y)8.24%
ROIC(5y)N/A
ROICexc(3y)9.34%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)12.32%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 3.13
Debt/EBITDA 0.51
Cap/Depr 32.43%
Cap/Sales 1.24%
Interest Coverage 7.6
Cash Conversion 59.16%
Profit Quality 131.82%
Current Ratio 0.83
Quick Ratio 0.8
Altman-Z 0.34
F-Score8
WACC8.13%
ROIC/WACC1.18
Cap/Depr(3y)29.4%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.25%
Cap/Sales(5y)N/A
Profit Quality(3y)166.07%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-55.28%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-56.41%
EPS Next Y7.65%
EPS Next 2Y7.78%
EPS Next 3Y6.91%
EPS Next 5Y4.43%
Revenue 1Y (TTM)-0.31%
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.07%
Revenue Next Year1.26%
Revenue Next 2Y1.57%
Revenue Next 3Y1.87%
Revenue Next 5Y0.75%
EBIT growth 1Y4.13%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year40.5%
EBIT Next 3Y15.6%
EBIT Next 5Y12.63%
FCF growth 1Y-32.03%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-29.03%
OCF growth 3YN/A
OCF growth 5YN/A

HAVAS NV / HAVAS.AS FAQ

Can you provide the ChartMill fundamental rating for HAVAS NV?

ChartMill assigns a fundamental rating of 4 / 10 to HAVAS.AS.


Can you provide the valuation status for HAVAS NV?

ChartMill assigns a valuation rating of 7 / 10 to HAVAS NV (HAVAS.AS). This can be considered as Undervalued.


Can you provide the profitability details for HAVAS NV?

HAVAS NV (HAVAS.AS) has a profitability rating of 4 / 10.


What is the expected EPS growth for HAVAS NV (HAVAS.AS) stock?

The Earnings per Share (EPS) of HAVAS NV (HAVAS.AS) is expected to grow by 7.65% in the next year.