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Havas S.A. (HAVAS.AS)

EUR18.05 +0.20 (+1.12%)
FR AMS Communication Services Advertising Agencies
Address 29-30 Quai de Dion Bouton 92800
Puteaux, FR
CEO Yannick Bollore
Website havas.com
IPO 2024-12-16
ISIN NL0015002K83

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Description

Havas SA, operating through its global network of subsidiaries, delivers extensive communication services across France and worldwide. The company's diverse portfolio includes a broad range of creative solutions, such as crafting advertising campaigns, providing brand and design expertise, producing compelling content, executing various marketing initiatives, optimizing customer experiences, managing public and corporate communications, facilitating partnerships and sponsorships, orchestrating events, and offering strategic business consultancy and transformation advice. Beyond creative work, Havas also specializes in media consulting and investment, strategies for enhancing fan engagement, developing retail media and e-commerce solutions, boosting media performance, and utilizing advanced data analytics. A specialized segment focuses on healthcare advertising and communications. Founded in 1835 and headquartered in Puteaux, France, the company was previously named Havas Advertising before officially changing to Havas SA in May 2002. Havas SA is ultimately a part of Vivendi SE.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR18.05 +0.20 (+1.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
95.5K
Beta
0.82
Float Shares
23.69M
Free Float %
24.2%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.42% +2.73% +4.63% -1.97% +17.06% -0.29% +10.06% -6.87% -6.87% -6.87% -6.87%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
18.05
DCF (Unlevered) 525.68 +2,812.3%
DCF (Levered) 558.01 +2,991.5%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 75% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 4 0
Hold 2 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.29
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
6 / 10
Developing
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Advertising Agencies: +8.1%
    +1.8% Q4'25: -3.2% (vs Q4'23)
  • EPS growth Advertising Agencies: +38.8%
    -100.0% Q4'25: -208.0% (vs Q4'23)
  • FCF margin FCF growth · Advertising Agencies: +39.2%
    +10.7% Q4'25: +25.6% (vs Q4'23)
  • EBIT margin Advertising Agencies: +7.9%
    +10.7% Q4'25: +11.4% (vs Q4'23)
  • ROIC Advertising Agencies: +6.8%
    +11.4% Q4'25: +25.4% (vs Q4'23)
  • Share dilution Advertising Agencies: +0.0%
    -100.0% Q4'25: -100.0% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Advertising Agencies: -1.31×
    0.88× Q4'25: 0.36× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.84) × ERP
WACC = 0% × Ke + 100% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 525.68 Current price: 18.05
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2024
actual
Dec 2025
actual
Dec 2026
6 Rev. Ana.
5 EPS Ana.
Dec 2027
6 Rev. Ana.
5 EPS Ana.
Dec 2028
2 Rev. Ana.
2 EPS Ana.
Dec 2029
5 Rev. Ana.
1 EPS Ana.
Dec 2030
3 Rev. Ana.
1 EPS Ana.
Revenue
2.86B
est: 2.73B (+4.7%)
2.91B
est: 2.80B (+3.9%)
2.86B
2.82B – 2.99B
+2.1% YoY
2.92B
2.84B – 3.02B
+2.1% YoY
2.96B
2.90B – 3.08B
+1.4% YoY
2.89B
2.82B – 2.99B
-2.6% YoY
2.91B
2.84B – 3.02B
+0.9% YoY
EBITDA
415.00M
est: 858.86M (-51.7%)
423.00M
est: 880.80M (-52.0%)
899.32M
884.33M – 939.07M
+2.1% YoY
917.90M
891.37M – 946.99M
+2.1% YoY
930.50M
909.24M – 965.75M
+1.4% YoY
906.04M
885.34M – 940.36M
-2.6% YoY
914.20M
893.31M – 948.82M
+0.9% YoY
EBIT
291.00M
est: 768.00M (-62.1%)
312.00M
est: 787.62M (-60.4%)
804.18M
790.78M – 839.73M
+2.1% YoY
820.80M
797.07M – 846.81M
+2.1% YoY
832.07M
813.05M – 863.58M
+1.4% YoY
810.19M
791.68M – 840.88M
-2.6% YoY
817.48M
798.80M – 848.45M
+0.9% YoY
Net Income
173.00M
est: 188.27M (-8.1%)
189.00M
est: 201.72M (-6.3%)
219.59M
202.28M – 237.16M
+8.9% YoY
236.12M
214.58M – 255.89M
+7.5% YoY
252.85M
245.33M – 265.30M
+7.1% YoY
222.26M
215.66M – 233.21M
-12.1% YoY
228.49M
221.70M – 239.74M
+2.8% YoY
SGA
est: 546.96M (-100.0%)
est: 560.94M (-100.0%)
572.73M
563.18M – 598.04M
+2.1% YoY
584.56M
567.67M – 603.08M
+2.1% YoY
592.59M
579.04M – 615.03M
+1.4% YoY
577.01M
563.82M – 598.86M
-2.6% YoY
582.20M
568.90M – 604.25M
+0.9% YoY
EPS
1.70
est: 1.88 (-9.5%)
est: 2.01 (-100.0%)
2.19
2.02 – 2.37
+8.9% YoY
2.36
2.14 – 2.55
+7.5% YoY
2.52
2.45 – 2.65
+7.1% YoY
2.22
2.15 – 2.33
-12.1% YoY
2.28
2.21 – 2.39
+2.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-28 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-27 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-26 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-25 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-22 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-21 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-20 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-19 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-18 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-15 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-14 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-13 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-12 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-11 B 3/5 4/5 4/5 4/5 3/5 1/5 1/5
2026-05-08 B 3/5 4/5 3/5 4/5 3/5 1/5 1/5
2026-05-07 B 3/5 4/5 3/5 4/5 3/5 1/5 1/5
2026-05-06 B 3/5 4/5 3/5 4/5 3/5 1/5 1/5
2026-05-05 B 3/5 4/5 3/5 4/5 3/5 1/5 1/5
2026-05-04 B 3/5 4/5 3/5 4/5 3/5 1/5 1/5
2026-04-30 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-29 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-28 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-27 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-24 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-23 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-22 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-21 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-20 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-17 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5
2026-04-16 B- 3/5 4/5 3/5 4/5 2/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-42.09M
OE per share TTM
-0.42
Owner's Yield
-2.35%
Maintenance CapEx ratio
22.85%
Maint CapEx / Avg PPE
18.8%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 94 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Europe SmallCap Dividend UCITS ETF WTES.DE 0.81% 747.1K 0.38%
2 WisdomTree Europe SmallCap Dividend UCITS ETF Acc DFEA.L 0.81% 747.1K 0.38%
3 iShares MSCI Netherlands ETF EWN 0.29% 1.50M 0.50%
4 WisdomTree Europe Equity Income UCITS ETF Acc EEIA.L 0.28% 664.6K 0.29%
5 WisdomTree Europe Equity Income UCITS ETF WTEE.DE 0.28% 664.6K 0.29%
6 WisdomTree Europe Equity UCITS ETF - GBP Hedged HEDP.L 0.21% 321.8K 0.35%
7 WisdomTree Europe Equity UCITS ETF - EUR Acc WTDF.DE 0.21% 274.1K 0.32%
8 WisdomTree Europe Equity UCITS ETF - USD Hedged Acc HEDK.L 0.21% 240.6K 0.58%
9 WisdomTree Europe Equity UCITS ETF - USD Hedged HEDJ.L 0.21% 240.6K 0.58%
10 WisdomTree International SmallCap Dividend Fund DLS 0.20% 2.07M 0.58%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
13.7K
Shares Outstanding
97.79M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Yannick Bollore Chairman & Chief Executive Officer 4M male
Alfonso Rodés Vilà Executive Director 1M male
Alfonso Rodes Vila Executive Director 1M male
Jean de Yturbe Chief Development Officer & Executive Director 995.0K male
Delphine Maillet Head of Investor Relations
Donna Murphy Global CEO of Havas Creative Network and Havas Health female
Francois Laroze Global Chief Operating Officer & Chief Financial Officer male
Jorge Percovich Chief Executive Officer of Havas LATAM Group male
Laura Maness President of Havas Worldwide New York female
Mercedes Erra Founder & President of Havas 04 female
Michel Dobkine Corporate Secretary & General Counsel male
Michel Sibony Chief Value & Efficiency Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits