JCDecaux S.A.

JC Decaux specializes in outdoor advertising. Co.'s business mainly consists of the sale of advertising space for these activities: Street Furniture, Transport Advertising and Billboard. The Street Furniture segment covers the advertising agreements relating to public property entered into with cities and local authorities. It also includes advertising in shopping centers, renting of street furniture, sale and rental of equipment, cleaning and maintenance. The Transport Advertising segment covers advertising in airports, subways, buses, tramways and trains. The Billboard segment covers advertising on private property and neon-type activity.
  • TickerDEC
  • ISINFR0000077919
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryFrance

Analysts

JCDecaux Sa: 1 director sold

A director at JCDecaux Sa sold 27,500 shares at 26.055EUR and the significance rating of the trade was 97/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2019

...

Jerôme Bodin

JCDecaux : T3 en ligne mais guidance T4 difficile à -2%

>Une tendance court terme qui va rester difficile au T4   - JCDecaux a publié hier soir un CA T3 en croissance organique de 0,1% très légèrement au-dessus de nos attentes (-0,5%e). Ce qui s’explique principalement par une situation toujours très difficile à HK (~6,5% du CAe) et plus largement par la dégradation de l’environnement publicitaire en Chine (~20% du CA du groupe) mais aussi en Australie. Le point clef de la publication est la guidance de décroissance sur le...

JCDecaux S.A. - June 2019 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Moody's announces completion of a periodic review of ratings of JCDecaux S.A.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of JCDecaux S.A. Global Credit Research- 09 Sep 2019. Madrid, September 09, 2019-- Moody's Investors Service has completed a periodic review of the ratings of JCDecaux S.A. and other ratings that are associated with the same analytical unit.

JCDecaux S.A. - December 2018 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

JCDecaux S.A.: Update to credit analysis

Our credit view of JCDecaux, reflecting its leadership in outdoor advertising and its performance in 2018, especially the improvements in its organic revenue growth.

Moody's affirms JCDecaux's Baa2 ratings; outlook stable

Rating Action: Moody's affirms JCDecaux's Baa2 ratings; outlook stable. Global Credit Research- 10 Apr 2019. Madrid, April 10, 2019-- Moody's Investors Service has today affirmed the Baa2 issuer rating of JCDecaux S.A., the world's largest outdoor advertising company.

Jerôme Bodin

JCDecaux : T3 en ligne mais guidance T4 difficile à -2%

>Une tendance court terme qui va rester difficile au T4   - JCDecaux a publié hier soir un CA T3 en croissance organique de 0,1% très légèrement au-dessus de nos attentes (-0,5%e). Ce qui s’explique principalement par une situation toujours très difficile à HK (~6,5% du CAe) et plus largement par la dégradation de l’environnement publicitaire en Chine (~20% du CA du groupe) mais aussi en Australie. Le point clef de la publication est la guidance de décroissance sur le...

Jerôme Bodin

JCDecaux : What to expect from Q3?

>A slightly more penalising-than-expected Q3 - We recap on JCDecaux and our forecasts for Q3 2019 in the present document. We are forecasting an organic contraction of 0.5% for Q3, i.e. very slightly below the guidance (0%). This slight difference is justified by the particularly tough situation in Hong Kong (~6.5% of sales est.) over the summer (August/September). We are revising down our forecasts for Q4 (+0.9% vs +3%) in light of the absence of a prospective reboun...

Jerôme Bodin

JCDecaux : Qu’attendre du T3 ?

>Un T3 un peu plus difficile qu’attendu - Nous faisons un point sur JCDecaux et nos prévisions pour le T3. Nous tablons sur une décroissance organique de 0.5% pour ce trimestre, soit très légèrement en dessous de la guidance (0%). Ce petit écart se justifie par une situation très difficile à Hong-Kong (~6.5% du CAe) durant l’été (août/septembre). Nous révisons aussi en baisse nos attentes pour le T4 (+0.9% vs +3%) au regard de l’absence de perspective de rebond à très...

Jerôme Bodin

JCDecaux : Feedback from road show with CEO and CFO in Paris

>Paris road show with CEO and CFO - We organised a road show with Jean-Charles Decaux (co-chief executive officer) and David Bourg (CFO) in Paris. Our takeaway is a cautious message on advertising with a deterioration in China during the summer (following the events in Hong Kong). The situation was mixed in the other countries with positive momentum in the rest of Asia and the UK but a slowdown in Germany and the US (even if they are still positive). It is difficult t...

Jerôme Bodin

JCDecaux : Feedback de roadshow CEO et CFO à Paris

>Roadshow à Paris avec CEO et CFO - Nous avons organisé un roadshow avec Jean Charles Decaux (co-directeur général) et David Bourg (CFO) à Paris. Nous retenons un message prudent sur la tendance publicitaire, avec une dégradation de l’activité en Chine durant l’été (liée aux évènements à HK). La situation est contrastée dans les autres pays avec des dynamiques positives dans le reste de l’Asie et au UK mais en ralentissement en Allemagne et aux Etats-Unis (même si tou...

JCDecaux Sa: 1 director sold

A director at JCDecaux Sa sold 27,500 shares at 26.055EUR and the significance rating of the trade was 97/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board me...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2019

...

Alain William ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Geoffroy Michalet
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Khaled Ben Amor
  • Louis Boujard, CFA
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Philippe Ourpatian
  • Roland Pfaender,MBA,CFA,CCRA
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2019

...

Alain William ...
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/15/2019

Insurers are better equipped than a few years ago to cope with the low interest rate environment. With earnings per share set to continue to grow, the market is likely to focus primarily on solvency margin levels. We believe that they should remain within the target ranges as long as the German 10-year rate does not fall below -1.5%. We reiterate our Buy rating on AXA (target price of € 28). - Cf. company report published last evening. - ...

Alain William ...
  • Cecile De Coincy
  • Fehmi Ben Naamane
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Tegner

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 15/10/2019

...

Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jerôme Bodin
  • Stephane Houri
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/11/2019

...

Increased risk weighs on JCDECAUX, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of JCDECAUX (FR), active in the Media Agencies industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date September 27, 2019, the closing price was EUR 24.68 and its target price was estimated at EUR 21.71.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Carole Braudeau

Accor : Credit Feedback – Oddo BHF Forum 10 and 11 January

Our annual Forum in Lyon brought together 263 companies, including 41% of foreign companies, nearly 545 investors (33% foreigners), almost 6,500 one-to-one meetings. - This document gathers a brief feedback from the bond issuers and CB underlying companies in attendance. - - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties, Icade, JCDecaux, Klépierre, Lanxess, MT...

Carole Braudeau

Accor : Feedback Crédit Forum des 10 et 11 janvier 2019

Notre Forum annuel Oddo BHF 2019 vient de se dérouler à Lyon : il a réuni 263 sociétés, dont 41% étrangères, près de 545 investisseurs (33% étrangers), soit près de 6 500 one-to-one. - Ce document synthétise nos feed-back concernant les émetteurs obligataires présents et sous-jacents d’obligations convertibles. - - - >Investment Grade - Accorhotels, Aéroports de Paris, Arkema, Buzzi Unicem, Carmila, Coface, Easyjet, Edenred, Fresenius Medical Care, Grand City Properties,...

Expert Corporate Governance Service (ECGS)

JC Decaux - AGM 16 May 2019

ITEM 11: Last year, the 2018 executives remuneration policy was not described in the Annual Report, but shareholders were able to acknowledge a press release published in the Governance section of the company’s website (/sites/default/files/assets/document/2018/04/jcdsa-remunerationautitredelexercice2018_0.pdf) which presented amounts and structure at stake. For 2019, neither the Annual report, nor such a press release comprise this information. This lack of information is not acceptable for a SBF120 company which belongs to the major European indexes. ITEMS 13 and 14: This lack of disclosure...

Jehanne Leroy

JC Decaux - Assemblée générale des actionnaires du 16 mai 2019

Rémunérations : Contrairement à l'année dernière, la société n'a pas publié de communiqué séparé sur son site présentant les éléments de rémunérations pour 2019. Ainsi, aucune information sur les montants et structures en jeu n'est disponible, ce qui ne permet pas à l'actionnaire de voter en toute connaissance sur la politique de rémunération 2019. Cette pratique est très surprenante de la part d'une société du SBF 120 et appartenant aux plus grands indices européens. En raison de cette absence de communication, nous ne soutenons pas la résolution 11. Ce manque de communication se retrouve...

JC Decaux – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Proxy Report - 17/05/2018

The company proposes to shareholders to approve the 2018 executives’ remuneration policy. Amounts to be granted (disclosed on a separate press release) are acceptable. However, the company does not disclose performance condition of the annual bonus or options. Regarding the latest, the company’s practice is far from French and European practice. For example, Mr Hofer received 9,394 stock options in February 6, 2017, valued at €21,826 by the company. At its meeting on December 6, 2017, the Board considered that performance targets were achieved and all options granted can be vested (less than ...

Proxy Report - 17/05/2018

La société met au vote la politique de rémunérations de ses dirigeants pour 2018. Si les montants sont bien communiqués (dans un communiqué à part disponible sur le site de la société en section gouvernance), elle ne communique en revanche pas les critères de performance du bonus annuel ou des stock-options. Concernant ces dernières, on notera que la pratique de la société est très étonnante et bien en deçà des pratiques françaises et européennes. Par exemple, M. Hofer s’est vu attribuer 9 394 options le 13 février 2017, valorisées par la société 21 826 €. Lors de son conseil du 6 décembre 2...

Valérie GASTALDY

Short term view - JC DECAUX : The background trend is clearly bullish.

The background trend is clearly bullish. The correction is gaining traction. It is too early to qualify this action as a bearish reversal. The trend would be invalidated below the support at €25.60.

Valérie GASTALDY

Analyse court terme - JC DECAUX : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. La correction en cours gagne en vigueur. Il est trop tôt pour parler de retournement baissier. La tendance serait invalidée sous le support à 25,60 €.

Valérie GASTALDY

Short term view - JC DECAUX : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €27.68, then €25.60. Passing €30.74 would question the continuation of the fall.

Valérie GASTALDY

Analyse court terme - JC DECAUX : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 27,68 €, puis 25,60 €. Le franchissement de 30,74 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Medium term view - JC DECAUX : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €25.58, then €23.02. Passing €38.79 would question the continuation of the fall.

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