Ipsos SA (FR:IPS)
:IPS
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Ipsos SA
(IPS)
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Rating:72Outperform
Price Target:
€39.00
▲(6.85% Upside)
Action:ReiteratedDate:02/27/26
The score is driven primarily by solid financial performance (strong 2025 revenue growth and positive free cash flow) tempered by margin pressure and higher leverage. Valuation is notably supportive (low P/E and high dividend yield), while technical signals are mixed with negative MACD and the stock still below its 200-day average.
Positive Factors
Revenue acceleration & operating profitability
Ipsos delivered a marked top-line recovery in 2025 with a 34.3% revenue jump alongside sustainable operating profitability (EBIT ~12%, EBITDA ~16%). Durable revenue momentum plus mid-teens EBITDA supports reinvestment in analytics and product development and underpins long-term cash generation.
Negative Factors
Margin compression / cost pressures
A step-down in gross and net margins indicates structural cost or mix pressure that can persist beyond a single year. Lower margins erode the company’s ability to fund growth, weaken free cash flow upside, and reduce buffer against cyclical revenue volatility if not reversed by pricing or efficiency gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue acceleration & operating profitability
Ipsos delivered a marked top-line recovery in 2025 with a 34.3% revenue jump alongside sustainable operating profitability (EBIT ~12%, EBITDA ~16%). Durable revenue momentum plus mid-teens EBITDA supports reinvestment in analytics and product development and underpins long-term cash generation.
Read all positive factors
Ipsos SA (IPS) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.55B
Dividend Yield5.51%
Average Volume (3M)52.07K
Price to Earnings (P/E)7.9
Beta (1Y)0.70
Revenue Growth0.66%
EPS Growth-0.38%
CountryFR
Employees20,000
SectorGeneral
Sector StrengthN/A
IndustryConsulting Services
Share Statistics
EPS (TTM)3.09
Shares Outstanding43,203,224
10 Day Avg. Volume44,621
30 Day Avg. Volume52,069
Financial Highlights & Ratios
PEG Ratio-0.89
Price to Book (P/B)0.94
Price to Sales (P/S)0.58
P/FCF Ratio6.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€53.23Price Target Upside45.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)5.44
Revenue Forecast (FY)€2.62B
Ipsos SA Business Overview & Revenue Model
Company Description
Ipsos SA, through its subsidiaries, provides survey-based research services for companies and institutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company offers services in the information production and analys...
How the Company Makes Money
Ipsos generates revenue primarily through the provision of market research services and consultancy. The company's revenue model is built on charging clients for customized research projects, subscription services, and ongoing analytics support. K...
Ipsos SA Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.52B | 2.44B | 2.39B | 2.41B | 2.15B |
| Gross Profit | 574.78M | 1.68B | 1.61B | 1.59B | 1.39B |
| EBITDA | 404.01M | 400.57M | 381.53M | 402.73M | 348.58M |
| Net Income | 186.55M | 204.53M | 159.72M | 215.16M | 183.92M |
Balance Sheet | |||||
| Total Assets | 3.08B | 2.91B | 2.75B | 2.85B | 2.74B |
| Cash, Cash Equivalents and Short-Term Investments | 317.56M | 342.55M | 277.91M | 385.67M | 298.45M |
| Total Debt | 781.19M | 512.31M | 531.74M | 587.00M | 623.38M |
| Total Liabilities | 1.51B | 1.34B | 1.32B | 1.35B | 1.40B |
| Stockholders Equity | 1.57B | 1.58B | 1.42B | 1.48B | 1.33B |
Cash Flow | |||||
| Free Cash Flow | 216.99M | 268.06M | 225.62M | 270.22M | 302.29M |
| Operating Cash Flow | 300.07M | 338.40M | 284.18M | 325.05M | 345.97M |
| Investing Cash Flow | -257.95M | -103.64M | -108.36M | -64.63M | -74.47M |
| Financing Cash Flow | -36.97M | -166.96M | -260.02M | -170.64M | -195.56M |
Ipsos SA Technical Analysis
Positive
36.50
Price Trends
33.86
Positive
33.54
Positive
35.47
Positive
Market Momentum
0.23
Negative
59.41
Neutral
76.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:IPS, the sentiment is Positive. The current price of 36.5 is above the 20-day moving average (MA) of 34.61, above the 50-day MA of 33.86, and above the 200-day MA of 35.47, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 59.41 is Neutral, neither overbought nor oversold. The STOCH value of 76.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:IPS.
Ipsos SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €1.15B | 9.75 | 12.87% | 0.84% | 7.00% | 20.56% | |
72 Outperform | €1.55B | 7.91 | 12.70% | 5.51% | 0.66% | -0.38% | |
71 Outperform | €66.07M | 5.81 | 4.71% | 5.16% | -21.70% | -49.75% | |
66 Neutral | €299.57M | 8.31 | 25.51% | 5.63% | 14.40% | 1.92% | |
60 Neutral | €179.66M | 18.51 | -5.44% | ― | 3.79% | -797.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | €66.94M | 10.47 | ― | ― | -0.78% | ― |
* General Sector Average
FR:IPS
Ipsos SA
36.50
-3.85
-9.54%
FR:ALCGM
Cegedim
12.65
1.25
10.96%
FR:HCO
HighCo SA
3.77
1.57
71.44%
FR:LOCAL
Solocal
4.12
1.49
56.83%
FR:SWP
SWORD GROUP SE
31.80
2.09
7.03%
FR:WAVE
Wavestone
47.00
2.17
4.84%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.