HAVAS NV (HAVAS.AS) Fundamental Analysis & Valuation

AMS:HAVAS • NL0015002K83

Current stock price

16.35 EUR
+0.1 (+0.62%)
Last:

This HAVAS.AS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. HAVAS.AS Profitability Analysis

1.1 Basic Checks

  • In the past year HAVAS was profitable.
  • In the past year HAVAS had a positive cash flow from operations.
  • HAVAS had positive earnings in 4 of the past 5 years.
  • HAVAS had a positive operating cash flow in 4 of the past 5 years.
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 2025 100M 200M 300M

1.2 Ratios

  • The Return On Assets of HAVAS (2.88%) is better than 60.61% of its industry peers.
  • HAVAS has a Return On Equity of 10.44%. This is in the better half of the industry: HAVAS outperforms 66.67% of its industry peers.
  • HAVAS has a Return On Invested Capital of 9.74%. This is amongst the best in the industry. HAVAS outperforms 84.85% 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 7.74%.
  • The 3 year average ROIC (8.92%) for HAVAS is below the current ROIC(9.74%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 2.88%
ROE 10.44%
ROIC 9.74%
ROA(3y)2.63%
ROA(5y)N/A
ROE(3y)9.43%
ROE(5y)N/A
ROIC(3y)8.92%
ROIC(5y)N/A
HAVAS.AS Yearly ROA, ROE, ROICHAVAS.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2021 2022 2023 2024 2025 2 4 6 8 10

1.3 Margins

  • The Profit Margin of HAVAS (6.49%) is better than 72.73% of its industry peers.
  • HAVAS's Profit Margin has improved in the last couple of years.
  • With a decent Operating Margin value of 12.05%, HAVAS is doing good in the industry, outperforming 72.73% of the companies in the same industry.
  • In the last couple of years the Operating Margin of HAVAS has grown nicely.
Industry RankSector Rank
OM 12.05%
PM (TTM) 6.49%
GM N/A
OM growth 3Y1.89%
OM growth 5YN/A
PM growth 3Y1.61%
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 2025 2 4 6 8 10

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. HAVAS.AS Health Analysis

2.1 Basic Checks

  • HAVAS has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
  • HAVAS has less shares outstanding than it did 1 year ago.
  • HAVAS has a worse debt/assets ratio than last year.
HAVAS.AS Yearly Shares OutstandingHAVAS.AS Yearly Shares OutstandingYearly Shares Outstanding 2021 2022 2023 2024 2025 20M 40M 60M 80M
HAVAS.AS Yearly Total Debt VS Total AssetsHAVAS.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2021 2022 2023 2024 2025 2B 4B 6B

2.2 Solvency

  • Based on the Altman-Z score of 0.41, we must say that HAVAS is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of HAVAS (0.41) is worse than 77.27% of its industry peers.
  • HAVAS has a debt to FCF ratio of 1.13. This is a very positive value and a sign of high solvency as it would only need 1.13 years to pay back of all of its debts.
  • HAVAS's Debt to FCF ratio of 1.13 is amongst the best of the industry. HAVAS outperforms 86.36% of its industry peers.
  • HAVAS has a Debt/Equity ratio of 0.12. This is a healthy value indicating a solid balance between debt and equity.
  • HAVAS's Debt to Equity ratio of 0.12 is fine compared to the rest of the industry. HAVAS outperforms 78.79% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.13
Altman-Z 0.41
ROIC/WACC1.27
WACC7.64%
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 2025 500M 1B 1.5B

2.3 Liquidity

  • HAVAS has a Current Ratio of 0.84. This is a bad value and indicates that HAVAS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • Looking at the Current ratio, with a value of 0.84, HAVAS is doing worse than 62.12% of the companies in the same industry.
  • HAVAS has a Quick Ratio of 0.84. 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's Quick ratio of 0.81 is in line compared to the rest of the industry. HAVAS outperforms 43.94% of its industry peers.
Industry RankSector Rank
Current Ratio 0.84
Quick Ratio 0.81
HAVAS.AS Yearly Current Assets VS Current LiabilitesHAVAS.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2021 2022 2023 2024 2025 1B 2B 3B 4B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. HAVAS.AS Growth Analysis

3.1 Past

  • HAVAS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -29.73%.
  • HAVAS shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -21.88% yearly.
  • Looking at the last year, HAVAS shows a small growth in Revenue. The Revenue has grown by 1.75% in the last year.
  • The Revenue has been growing slightly by 1.75% on average over the past years.
EPS 1Y (TTM)-29.73%
EPS 3Y-21.88%
EPS 5YN/A
EPS Q2Q%13.73%
Revenue 1Y (TTM)1.75%
Revenue growth 3Y1.75%
Revenue growth 5YN/A
Sales Q2Q%0.53%

3.2 Future

  • The Earnings Per Share is expected to grow by 2.95% on average over the next years.
  • HAVAS is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 0.95% yearly.
EPS Next Y9.48%
EPS Next 2Y8.71%
EPS Next 3Y7.93%
EPS Next 5Y2.95%
Revenue Next Year2.32%
Revenue Next 2Y2.31%
Revenue Next 3Y2.19%
Revenue Next 5Y0.95%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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 0.5 1 1.5 2 2.5

More info and screens

Find the best growth stocksShow best growing peers

8

4. HAVAS.AS Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 8.56, the valuation of HAVAS can be described as very reasonable.
  • Based on the Price/Earnings ratio, HAVAS is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of HAVAS to the average of the S&P500 Index (27.18), we can say HAVAS is valued rather cheaply.
  • HAVAS is valuated cheaply with a Price/Forward Earnings ratio of 7.30.
  • 83.33% of the companies in the same industry are more expensive than HAVAS, based on the Price/Forward Earnings ratio.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 37.96, HAVAS is valued rather cheaply.
Industry RankSector Rank
PE 8.56
Fwd PE 7.3
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

  • Based on the Enterprise Value to EBITDA ratio, HAVAS is valued cheaply inside the industry as 81.82% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, HAVAS is valued cheaply inside the industry as 84.85% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 4.96
EV/EBITDA 3.56
HAVAS.AS Per share dataHAVAS.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of HAVAS may justify a higher PE ratio.
PEG (NY)0.9
PEG (5Y)N/A
EPS Next 2Y8.71%
EPS Next 3Y7.93%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. HAVAS.AS Dividend Analysis

5.1 Amount

  • HAVAS has a Yearly Dividend Yield of 5.02%, which is a nice return.
  • HAVAS's Dividend Yield is a higher than the industry average which is at 3.40.
  • HAVAS's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 5.02%

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

  • HAVAS pays out 51.32% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP51.32%
EPS Next 2Y8.71%
EPS Next 3Y7.93%
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 2025 100M 200M 300M
HAVAS.AS Dividend Payout.HAVAS.AS Dividend Payout, showing the Payout Ratio.HAVAS.AS Dividend Payout.PayoutRetained Earnings

More info and screens

Find the best dividend stocksShow peers with best dividend

HAVAS.AS Fundamentals: All Metrics, Ratios and Statistics

HAVAS NV

AMS:HAVAS (4/14/2026, 5:29:41 PM)

16.35

+0.1 (+0.62%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)02-17
Earnings (Next)04-14
Inst Owners27.54%
Inst Owner ChangeN/A
Ins Owners2.67%
Ins Owner ChangeN/A
Market Cap1.62B
Revenue(TTM)2.91B
Net Income(TTM)189.00M
Analysts83.75
Price Target20.43 (24.95%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.02%
Yearly Dividend0.98
Dividend Growth(5Y)N/A
DP51.32%
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)5.41%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0.23%
EPS NY rev (3m)-1.04%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.55%
Valuation
Industry RankSector Rank
PE 8.56
Fwd PE 7.3
P/S 0.56
P/FCF 4.96
P/OCF 4.47
P/B 0.9
P/tB N/A
EV/EBITDA 3.56
EPS(TTM)1.91
EY11.68%
EPS(NY)2.24
Fwd EY13.71%
FCF(TTM)3.3
FCFY20.17%
OCF(TTM)3.66
OCFY22.39%
SpS29.37
BVpS18.25
TBVpS-7.76
PEG (NY)0.9
PEG (5Y)N/A
Graham Number28.01
Profitability
Industry RankSector Rank
ROA 2.88%
ROE 10.44%
ROCE 14.14%
ROIC 9.74%
ROICexc 11.09%
ROICexgc N/A
OM 12.05%
PM (TTM) 6.49%
GM N/A
FCFM 11.23%
ROA(3y)2.63%
ROA(5y)N/A
ROE(3y)9.43%
ROE(5y)N/A
ROIC(3y)8.92%
ROIC(5y)N/A
ROICexc(3y)10.05%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)12.95%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.19%
ROICexc growth 5YN/A
OM growth 3Y1.89%
OM growth 5YN/A
PM growth 3Y1.61%
PM growth 5YN/A
GM growth 3YN/A
GM growth 5YN/A
F-Score8
Asset Turnover0.44
Health
Industry RankSector Rank
Debt/Equity 0.12
Debt/FCF 1.13
Debt/EBITDA 0.49
Cap/Depr 34.62%
Cap/Sales 1.24%
Interest Coverage 12.1
Cash Conversion 79.78%
Profit Quality 173.02%
Current Ratio 0.84
Quick Ratio 0.81
Altman-Z 0.41
F-Score8
WACC7.64%
ROIC/WACC1.27
Cap/Depr(3y)32%
Cap/Depr(5y)N/A
Cap/Sales(3y)1.21%
Cap/Sales(5y)N/A
Profit Quality(3y)158.83%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-29.73%
EPS 3Y-21.88%
EPS 5YN/A
EPS Q2Q%13.73%
EPS Next Y9.48%
EPS Next 2Y8.71%
EPS Next 3Y7.93%
EPS Next 5Y2.95%
Revenue 1Y (TTM)1.75%
Revenue growth 3Y1.75%
Revenue growth 5YN/A
Sales Q2Q%0.53%
Revenue Next Year2.32%
Revenue Next 2Y2.31%
Revenue Next 3Y2.19%
Revenue Next 5Y0.95%
EBIT growth 1Y7.01%
EBIT growth 3Y3.67%
EBIT growth 5YN/A
EBIT Next Year33.4%
EBIT Next 3Y13.22%
EBIT Next 5Y7.8%
FCF growth 1Y57.21%
FCF growth 3Y-0.6%
FCF growth 5YN/A
OCF growth 1Y50%
OCF growth 3Y-0.63%
OCF growth 5YN/A

HAVAS NV / HAVAS.AS Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for HAVAS NV?

ChartMill assigns a fundamental rating of 5 / 10 to HAVAS.AS.


What is the valuation status for HAVAS stock?

ChartMill assigns a valuation rating of 8 / 10 to HAVAS NV (HAVAS.AS). This can be considered as Undervalued.


What is the profitability of HAVAS stock?

HAVAS NV (HAVAS.AS) has a profitability rating of 6 / 10.


What are the PE and PB ratios of HAVAS NV (HAVAS.AS) stock?

The Price/Earnings (PE) ratio for HAVAS NV (HAVAS.AS) is 8.56 and the Price/Book (PB) ratio is 0.9.


Can you provide the dividend sustainability for HAVAS stock?

The dividend rating of HAVAS NV (HAVAS.AS) is 6 / 10 and the dividend payout ratio is 51.32%.