PUBLICIS GROUPE (PUB.PA)
FR0000130577 - Common Stock
Taking everything into account, PUB scores 5 out of 10 in our fundamental rating. PUB was compared to 65 industry peers in the Media industry. PUB has only an average score on both its financial health and profitability. PUB has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
PUB had positive earnings in the past year.
PUB had a positive operating cash flow in the past year.
PUB had positive earnings in each of the past 5 years.
PUB had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
PUB has a Return On Assets of 3.57%. This is in the better half of the industry: PUB outperforms 60.32% of its industry peers.
Looking at the Return On Equity, with a value of 13.40%, PUB is in the better half of the industry, outperforming 71.43% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 9.51%, PUB belongs to the top of the industry, outperforming 84.13% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for PUB is in line with the industry average of 7.48%.
The last Return On Invested Capital (9.51%) for PUB is above the 3 year average (9.07%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.57% | ||
| ROE | 13.4% | ||
| ROIC | 9.51% |
ROA(3y)3.37%
ROA(5y)2.92%
ROE(3y)12.68%
ROE(5y)11.49%
ROIC(3y)9.07%
ROIC(5y)8.29%
1.3 Margins
PUB's Profit Margin of 8.86% is fine compared to the rest of the industry. PUB outperforms 79.37% of its industry peers.
In the last couple of years the Profit Margin of PUB has remained more or less at the same level.
With an excellent Operating Margin value of 12.76%, PUB belongs to the best of the industry, outperforming 85.71% of the companies in the same industry.
PUB's Operating Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.76% | ||
| PM (TTM) | 8.86% | ||
| GM | N/A |
OM growth 3Y4.16%
OM growth 5Y-2.63%
PM growth 3Y18.41%
PM growth 5Y-0.82%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), PUB is creating some value.
The number of shares outstanding for PUB has been reduced compared to 1 year ago.
Compared to 5 years ago, PUB has more shares outstanding
Compared to 1 year ago, PUB has an improved debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.46, we must say that PUB is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of PUB (1.46) is comparable to the rest of the industry.
The Debt to FCF ratio of PUB is 2.97, which is a good value as it means it would take PUB, 2.97 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 2.97, PUB is doing good in the industry, outperforming 76.19% of the companies in the same industry.
PUB has a Debt/Equity ratio of 0.46. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.46, PUB is in line with its industry, outperforming 55.56% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 2.97 | ||
| Altman-Z | 1.46 |
ROIC/WACC1.46
WACC6.49%
2.3 Liquidity
A Current Ratio of 0.94 indicates that PUB may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.94, PUB is in line with its industry, outperforming 47.62% of the companies in the same industry.
A Quick Ratio of 0.93 indicates that PUB may have some problems paying its short term obligations.
With a Quick ratio value of 0.93, PUB perfoms like the industry average, outperforming 49.21% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.93 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 9.61% over the past year.
PUB shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.45% yearly.
Looking at the last year, PUB shows a small growth in Revenue. The Revenue has grown by 4.27% in the last year.
PUB shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.27% yearly.
EPS 1Y (TTM)9.61%
EPS 3Y17.69%
EPS 5Y8.45%
EPS growth Q2Q8.07%
Revenue 1Y (TTM)4.27%
Revenue growth 3Y11.12%
Revenue growth 5Y8.27%
Revenue growth Q2Q0.63%
3.2 Future
The Earnings Per Share is expected to grow by 0.08% on average over the next years.
PUB is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.51% yearly.
EPS Next Y5.14%
EPS Next 2Y5.23%
EPS Next 3Y5.42%
EPS Next 5Y0.08%
Revenue Next Year7.97%
Revenue Next 2Y6.17%
Revenue Next 3Y5.51%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 14.43, the valuation of PUB can be described as correct.
PUB's Price/Earnings ratio is a bit cheaper when compared to the industry. PUB is cheaper than 60.32% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 24.80. PUB is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 13.72, which indicates a correct valuation of PUB.
Compared to the rest of the industry, the Price/Forward Earnings ratio of PUB is on the same level as its industry peers.
When comparing the Price/Forward Earnings ratio of PUB to the average of the S&P500 Index (21.27), we can say PUB is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.43 | ||
| Fwd PE | 13.72 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of PUB is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of PUB is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.46 | ||
| EV/EBITDA | 9.53 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates PUB does not grow enough to justify the current Price/Earnings ratio.
PUB has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)2.81
PEG (5Y)1.71
EPS Next 2Y5.23%
EPS Next 3Y5.42%
5. Dividend
5.1 Amount
PUB has a Yearly Dividend Yield of 3.28%.
Compared to an average industry Dividend Yield of 4.34, PUB pays a bit more dividend than its industry peers.
PUB's Dividend Yield is a higher than the S&P500 average which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.28% |
5.2 History
On average, the dividend of PUB grows each year by 25.77%, which is quite nice.
Dividend Growth(5Y)25.77%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
55.34% of the earnings are spent on dividend by PUB. This is a bit on the high side, but may be sustainable.
The dividend of PUB is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP55.34%
EPS Next 2Y5.23%
EPS Next 3Y5.42%
PUBLICIS GROUPE
EPA:PUB (4/19/2024, 2:50:37 PM)
100.4
-0.65 (-0.64%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
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Inst Owner Change
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Market Cap25.15B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 3.28% |
Dividend Growth(5Y)
DP
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Surprises & Revisions
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Revenue NQ rev (1m)
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Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.43 | ||
| Fwd PE | 13.72 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
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FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.81
PEG (5Y)1.71
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.57% | ||
| ROE | 13.4% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.76% | ||
| PM (TTM) | 8.86% | ||
| GM | N/A | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
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ROCE(5y)
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ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.4
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.93 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)9.61%
EPS 3Y17.69%
EPS 5Y
EPS growth Q2Q
EPS Next Y5.14%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)4.27%
Revenue growth 3Y11.12%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
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