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

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

Rémi Adam

JCDecaux : Acceleration on the agenda in Q3 (+7.3%), more cautious guidance for Q4

>Organic growth of 7.3% in line with expectations (+7.2%) - JCDecaux yesterday evening reported organic revenue growth of 7.3%, in line with consensus expectations (+7.2%) and slightly below our estimates (+7.6%). Revenues amounted to € 867.7m and exceeded the guidance of 7% org. growth provided in Q2. This record quarter since 2011 was underpinned by the excellent performance of the transport division (+15.5% org. vs. +12.5%e), which offset a weaker-than-expected yea...

Rémi Adam

JCDecaux : Accélération au rendez-vous au T3 (+7.3%), guidance T4 plus prudente

>Croissance organique de 7.3%, en ligne avec les attentes (+7.2%) - JCDecaux a publié hier soir un CA en croissance organique de 7.3%, en ligne avec les attentes du consensus (+7.2%) et légèrement sous nos estimations (+7.6%). Le chiffre d’affaires s’établit à 867.7 M€ et dépasse la guidance de 7% de croissance org. fournie au T2. Ce trimestre record depuis 2011 a été soutenu par l’excellente performance de la division Transport (+15.5% org. vs +12.5%e) qui compense u...

JCDecaux S.A.: Update to credit analysis

Our credit view of JCDecaux, reflecting its key credit drivers, recent performance trends and outlook for 2018.

JCDecaux S.A.: JCDecaux's Potential Acquisition of APN Outdoor Would Strengthen Competitive Profile

The proposed acquisition of APN Outdoor would improve business profile and positioning of JCDecaux in Australia

JCDecaux S.A. - December 2017 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

JCDecaux S.A. - June 2017 (LTM): Peer Snapshot

Peer Snapshot:  JCDecaux S.A. - June 2017 (LTM) 27 September 2017 (in US millions) FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17 FYE Dec-15 FYE Dec-16 LTM Jun-17

JCDecaux S.A.: Update to discussion of key credit factors

CORPORATES CREDIT OPINION 5 July 2017 Update RATINGS JCDecaux S.A. Domicile Paris, France Long Term Rating Baa2 Type LT Issuer Rating - Dom Curr Outlook Stable Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Christian Azzi 44-20-7772-5470 AVP-Analyst christian.azzi@moodys.com Danil

Rémi Adam

JCDecaux : Acceleration on the agenda in Q3 (+7.3%), more cautious guidance for Q4

>Organic growth of 7.3% in line with expectations (+7.2%) - JCDecaux yesterday evening reported organic revenue growth of 7.3%, in line with consensus expectations (+7.2%) and slightly below our estimates (+7.6%). Revenues amounted to € 867.7m and exceeded the guidance of 7% org. growth provided in Q2. This record quarter since 2011 was underpinned by the excellent performance of the transport division (+15.5% org. vs. +12.5%e), which offset a weaker-than-expected yea...

Rémi Adam

JCDecaux : Accélération au rendez-vous au T3 (+7.3%), guidance T4 plus prudente

>Croissance organique de 7.3%, en ligne avec les attentes (+7.2%) - JCDecaux a publié hier soir un CA en croissance organique de 7.3%, en ligne avec les attentes du consensus (+7.2%) et légèrement sous nos estimations (+7.6%). Le chiffre d’affaires s’établit à 867.7 M€ et dépasse la guidance de 7% de croissance org. fournie au T2. Ce trimestre record depuis 2011 a été soutenu par l’excellente performance de la division Transport (+15.5% org. vs +12.5%e) qui compense u...

Rémi Adam

JCDecaux : Road show feedback: fundamentals intact, recovery in margins in H2 2019

>Good visibility on revenues, recovery in margins expected in H2 2019 - We organised a road show with David Bourg, board member and CFO of the company. The group reiterated its confidence in the guidance for organic growth of 7% in Q3 after +2.8% and +4.9% in the previous months. The reasons for an acceleration in revenues include: i/ excellent momentum in China (20% of group revenues) particularly mainland China; 2/ the contribution of the record number of contracts ...

Rémi Adam

JCDecaux : Feedback road show: fondamentaux intacts, redressement des marges au S2 2019

>Bonne visibilité sur la top line, redressement des marges attendu au S219 - Nous avons organisé un road show avec David Bourg, membre du Directoire et Directeur Général Financier de la société. Le groupe renouvelle sa confiance dans la guidance de 7% de croissance organique pour le T3 après +2.8% et +4.9% sur les trimestres précédents. Parmi les raisons de l’accélération des ventes, nous retenons 1/une excellente dynamique en Chine (20% du CA groupe) et en particulie...

Rémi Adam, CFA

JCDecaux : CA et guidance T3 en nette accélération, impact à court terme sur la marge

>CA organique en nette accélération au T2, à 4.9%, EBITDA 10%

1 director bought

A director at Jc Decaux Sa bought 1,000 shares at 29.440EUR and the significance rating of the trade was 53/100. 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 ...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

...

Alexandre Iatrides ...
  • Bruno Cavalier
  • Olfa Taamallah
  • Rémi Adam
  • Stephane Houri
  • Vincent Maulay
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/17/2018

We believe the insurance sector will continue to generate positive earnings momentum based on improving technical profits, gradual interest rate hikes and ongoing share buybacks. In light of these considerations the sector valuation seems undemanding and we expect a decrease in the cost of capital applied to the sector. Our Top Picks are AXA, Generali, Munich Re and Talanx. - ...

Alexandre Iatrides ...
  • Bruno Cavalier
  • Olfa Taamallah
  • Rémi Adam
  • Stephane Houri
  • Vincent Maulay
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 17/09/2018

Le secteur devrait continuer de bénéficier d’une croissance de ses résultats basée sur l’amélioration des résultats techniques, de la hausse graduelle des taux d’intérêt et des programmes de rachat d’actions. Compte tenu de ces éléments, la valorisation du secteur apparaît faible, et nous anticipons une baisse du coût du capital appliqué au secteur. Nos valeurs préférées sont AXA, Generali, Munich Re et Talanx. Cf. Etude publiée. - ...

Ahmed Ben Salem ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emira Sagaama
  • Emmanuel Matot
  • Fatma Agnès Hamdani
  • François Maury
  • Hela Zarrouk
  • Jean Sassus
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Olivier Lebrun
  • Oussema Denguir
  • Philippe Ourpatian
  • Pierre Tegner
  • Pierre Corby
  • Rémi Adam, CFA
  • Stephane Houri
  • Steven Gould
  • Veysel Taze
  • Vincent Maulay

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/26/2018

...

JCDECAUX sees a downgrade to Slightly Negative on account of less fundamental stars

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 now shows 1 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date August 25, 2017, the closing price was EUR 28.00 and its target price was estimated at EUR 25.70.

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...

MarketLine Department

JCDecaux SA - Strategy, SWOT and Corporate Finance Report

Synopsis JCDecaux SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Summary - Detailed information on JCDecaux SA required for business and competitor intelligence needs - A study of the major internal and external factors affecting JCDecaux SA in the form of a SWOT analysis - An in-depth view of the business model of JCDecaux SA including a breakdown and examination of key b...

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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