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HAVAS NV (HAVAS.AS) Stock Fundamental Analysis

Europe - Euronext Amsterdam - AMS:HAVAS - NL0015002K83 - Common Stock

15.475 EUR
+0.14 (+0.93%)
Last: 12/11/2025, 5:29:54 PM
Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to HAVAS. HAVAS was compared to 68 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 valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

In the past year HAVAS was profitable.
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.
Looking at the Return On Equity, with a value of 10.20%, HAVAS is in the better half of the industry, outperforming 61.19% of the companies in the same industry.
HAVAS has a better Return On Invested Capital (9.60%) than 82.09% of its industry peers.
HAVAS had an Average Return On Invested Capital over the past 3 years of 8.24%. This is in line with the industry average of 8.03%.
The last Return On Invested Capital (9.60%) for HAVAS is above the 3 year average (8.24%), which is a sign of increasing profitability.
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 has a better Profit Margin (6.06%) than 67.16% of its industry peers.
The Operating Margin of HAVAS (11.77%) is better than 73.13% 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.
The debt/assets ratio for HAVAS has been reduced compared to a year ago.
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

HAVAS has an Altman-Z score of 0.34. This is a bad value and indicates that HAVAS is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.34, HAVAS is doing worse than 80.60% of the companies in the same industry.
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.
HAVAS has a better Debt to FCF ratio (3.13) than 71.64% of its industry peers.
HAVAS has a Debt/Equity ratio of 0.14. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of HAVAS (0.14) is better than 80.60% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.14
Debt/FCF 3.13
Altman-Z 0.34
ROIC/WACC1.19
WACC8.08%
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

HAVAS has a Current 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.
The Current ratio of HAVAS (0.83) is worse than 65.67% 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.
Looking at the Quick ratio, with a value of 0.80, HAVAS is doing worse than 61.19% of the companies in the same industry.
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

The earnings per share for HAVAS have decreased strongly by -55.28% in the last year.
Looking at the last year, HAVAS shows a decrease in Revenue. The Revenue has decreased by -0.31% in the last 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

Based on estimates for the next years, HAVAS will show a small growth in Earnings Per Share. The EPS will grow by 4.68% on average per year.
Based on estimates for the next years, HAVAS will show a small growth in Revenue. The Revenue will grow by 0.57% on average per year.
EPS Next Y8.44%
EPS Next 2Y7.93%
EPS Next 3Y7.34%
EPS Next 5Y4.68%
Revenue Next Year1.26%
Revenue Next 2Y1.57%
Revenue Next 3Y1.87%
Revenue Next 5Y0.57%

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 0.5 1 1.5 2 2.5

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4

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 85.97 indicates a quite expensive valuation of HAVAS.
HAVAS's Price/Earnings ratio is a bit more expensive when compared to the industry. HAVAS is more expensive than 64.18% of the companies in the same industry.
HAVAS is valuated expensively when we compare the Price/Earnings ratio to 26.59, which is the current average of the S&P500 Index.
HAVAS is valuated cheaply with a Price/Forward Earnings ratio of 6.86.
Compared to the rest of the industry, the Price/Forward Earnings ratio of HAVAS indicates a rather cheap valuation: HAVAS is cheaper than 85.07% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.80, HAVAS is valued rather cheaply.
Industry RankSector Rank
PE 85.97
Fwd PE 6.86
HAVAS.AS Price Earnings VS Forward Price EarningsHAVAS.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

HAVAS's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. HAVAS is cheaper than 74.63% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of HAVAS indicates a somewhat cheap valuation: HAVAS is cheaper than 68.66% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.62
EV/EBITDA 4.05
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 high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates HAVAS does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)10.18
PEG (5Y)N/A
EPS Next 2Y7.93%
EPS Next 3Y7.34%

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6

5. Dividend

5.1 Amount

HAVAS has a Yearly Dividend Yield of 5.49%, which is a nice return.
HAVAS's Dividend Yield is rather good when compared to the industry average which is at 6.03. HAVAS pays more dividend than 80.60% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.31, HAVAS pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.49%

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 2Y7.93%
EPS Next 3Y7.34%
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 (12/11/2025, 5:29:54 PM)

15.475

+0.14 (+0.93%)

Chartmill FA Rating
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)10-14 2025-10-14
Earnings (Next)03-03 2026-03-03
Inst Owners29.96%
Inst Owner ChangeN/A
Ins Owners2.67%
Ins Owner ChangeN/A
Market Cap1.53B
Revenue(TTM)2.90B
Net Income(TTM)176.00M
Analysts83.75
Price Target19.23 (24.26%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 5.49%
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)917.71%
PT rev (3m)917.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)907.39%
EPS NY rev (3m)919.99%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.21%
Valuation
Industry RankSector Rank
PE 85.97
Fwd PE 6.86
P/S 0.53
P/FCF 6.62
P/OCF 5.73
P/B 0.89
P/tB N/A
EV/EBITDA 4.05
EPS(TTM)0.18
EY1.16%
EPS(NY)2.26
Fwd EY14.58%
FCF(TTM)2.34
FCFY15.12%
OCF(TTM)2.7
OCFY17.46%
SpS29.29
BVpS17.39
TBVpS-8.16
PEG (NY)10.18
PEG (5Y)N/A
Graham Number8.39
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
WACC8.08%
ROIC/WACC1.19
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 Y8.44%
EPS Next 2Y7.93%
EPS Next 3Y7.34%
EPS Next 5Y4.68%
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 5Y0.57%
EBIT growth 1Y4.13%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year40.59%
EBIT Next 3Y15.31%
EBIT Next 5Y9.54%
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 3 / 10 to HAVAS.AS.


Can you provide the valuation status for HAVAS NV?

ChartMill assigns a valuation rating of 4 / 10 to HAVAS NV (HAVAS.AS). This can be considered as Fairly Valued.


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 8.44% in the next year.