Added to YB: 2025-02-04
Pitch date: 2025-02-03
HAVAS.AS [bullish]
Havas N.V.
+6.3%
current return
Author Info
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Company Info
Havas N.V. provides communications and marketing services in France, the United Kingdom, rest of Europe, North America, Latin America, the Asia-Pacific, and Africa.
Market Cap
EUR 1.5B
Pitch Price
EUR 14.68
Price Target
2.55 (-84%)
Dividend
5.30%
EV/EBITDA
4.18
P/E
8.97
EV/Sales
0.65
Sector
Media
Category
value
Quick Value #255 - Havas NV (HAVAS)
HAVAS.AS: Recently spun-off ad agency trading at 4x EBIT, 6-7x FCF. €1.5B mkt cap, net cash. 2024 guidance: -1% rev, €335-340M EBIT. Cheap vs peers at 7-8x EBITDA. Risks: negative organic growth, margin pressure. Upside: valuation gap closure, M&A growth. €3/share potential by 2027.
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