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Canal+
(LSE:CAN)
Select Model
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Rating:55Neutral
Price Target:
249.00 p
▲(3.75% Upside)
Action:Reiterated
Date:06/06/26
The score is driven primarily by improving cash generation and strong recent revenue momentum, partially offset by continued net losses and a 2025 increase in debt. Technically, the trend is positive (above key moving averages with positive MACD), but overbought signals (high RSI/Stoch) and weak earnings-based valuation (negative P/E) temper the overall outlook.
Positive Factors
Revenue acceleration
A sharp revenue acceleration in 2025 indicates improving product-market fit and subscriber traction across pay-TV, streaming and distribution. Sustained top-line growth strengthens scale economics, supports multi-territory content amortization, and enhances negotiating power with distributors over the medium term.
Negative Factors
Persistent net losses
Repeated net losses constrain retained earnings and limit the company’s ability to self-fund content and distribution investments. Continued negative profitability weakens ROE and shareholder returns, making sustained operational improvement essential to convert cash flow gains into durable earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue acceleration
A sharp revenue acceleration in 2025 indicates improving product-market fit and subscriber traction across pay-TV, streaming and distribution. Sustained top-line growth strengthens scale economics, supports multi-territory content amortization, and enhances negotiating power with distributors over the medium term.
Read all positive factors
Canal+ (CAN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.38B
Dividend Yield0.65%
Average Volume (3M)993.71K
Price to Earnings (P/E)―
Beta (1Y)1.40
Revenue Growth9.24%
EPS Growth64.97%
CountryUK
Employees8,834
SectorGeneral
Sector StrengthN/A
IndustryBroadcasting
Share Statistics
EPS (TTM)-0.04
Shares Outstanding980,551,300
10 Day Avg. Volume770,630
30 Day Avg. Volume993,710
Financial Highlights & Ratios
PEG Ratio0.92
Price to Book (P/B)0.85
Price to Sales (P/S)0.44
P/FCF Ratio7.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£385.00Price Target Upside60.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.29
Revenue Forecast (FY)£8.69B
Canal+ Business Overview & Revenue Model
Company Description
Canal+ SA operates as a provider of television services, focusing on broadcasting and content distribution. Its business is structured into three primary divisions: Europe, Africa and Asia, and a segment dedicated to Content Production, Distributi...
How the Company Makes Money
CANAL+ primarily makes money through (1) subscription revenue: monthly/annual fees paid by consumers for access to its pay-TV bundles and streaming services (including premium channels and thematic packs such as film/series and sports), sold direc...
Canal+ Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
45
Neutral
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.95B | 6.45B | 6.22B | 6.01B | 5.87B |
| Gross Profit | 3.07B | 2.55B | 2.50B | 2.46B | 2.44B |
| EBITDA | 675.00M | 485.00M | 661.00M | 716.00M | 697.00M |
| Net Income | -47.00M | -147.00M | -61.00M | 141.00M | 119.00M |
Balance Sheet | |||||
| Total Assets | 12.29B | 9.37B | 8.91B | 8.60B | 7.68B |
| Cash, Cash Equivalents and Short-Term Investments | 830.00M | 378.00M | 429.00M | 284.00M | 212.00M |
| Total Debt | 3.34B | 951.00M | 4.45B | 3.89B | 3.21B |
| Total Liabilities | 8.64B | 4.32B | 7.77B | 7.42B | 6.71B |
| Stockholders Equity | 3.57B | 4.79B | 894.00M | 970.00M | 767.00M |
Cash Flow | |||||
| Free Cash Flow | 412.00M | 131.00M | 199.00M | 69.00M | 284.00M |
| Operating Cash Flow | 709.00M | 413.00M | 500.00M | 405.00M | 654.00M |
| Investing Cash Flow | -1.46B | -871.00M | -743.00M | -819.00M | -539.00M |
| Financing Cash Flow | 1.18B | 495.00M | 299.00M | 505.00M | -75.00M |
Canal+ Technical Analysis
Negative
240.00
Price Trends
249.28
Negative
245.29
Negative
250.60
Negative
Market Momentum
-0.85
Positive
40.93
Neutral
19.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CAN, the sentiment is Negative. The current price of 240 is below the 20-day moving average (MA) of 253.88, below the 50-day MA of 249.28, and below the 200-day MA of 250.60, indicating a bearish trend. The MACD of -0.85 indicates Positive momentum. The RSI at 40.93 is Neutral, neither overbought nor oversold. The STOCH value of 19.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CAN.
Canal+ Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | £2.76B | 14.13 | 11.42% | 6.17% | 0.66% | -43.04% | |
59 Neutral | £25.35B | -65.60 | -0.79% | 3.74% | 11.08% | 87.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | £2.38B | -70.83 | -4.88% | 0.65% | 9.24% | 64.97% | |
55 Neutral | £18.51B | 12.95 | 2.35% | 4.42% | -3.55% | 2.13% | |
51 Neutral | £3.25B | -56.42 | -35.13% | ― | ― | ― | |
47 Neutral | £48.36M | -9.32 | 75.19% | 9.87% | -5.90% | -146.37% |
* General Sector Average
GB:CAN
Canal+
242.60
11.24
4.86%
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Canal+ Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Canal+ executives increase stakes via employee share ownership plan
Positive
Jul 13, 2026
Canal+ SA has disclosed share acquisitions by two members of its Management Board, Anna Marsh and Amandine Ferré, through subscriptions to fund units of the company’s employee investment vehicle, the Fond Commun de Placement d’Ent...
Business Operations and StrategyDividends
Canal+ details tax, currency terms for €21.6m 2025 final dividend
Positive
Jun 8, 2026
Canal+ has confirmed the details of its 2025 final dividend of 2.2 euro cents per ordinary share, amounting to a total payout of about €21.6 million, funded roughly equally from retained earnings and distributable share premiums. The dividen...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Canal+ Bolsters Supervisory Board With Strategic Appointments in Europe and Africa
Positive
Jun 1, 2026
Canal+, the global media and entertainment group, has strengthened its supervisory board with the appointment of advertising veteran Mercedes Erra as a non-independent member and South African economist and governance expert Elias Masilela as an i...
Business Operations and StrategyExecutive/Board ChangesStock BuybackFinancial DisclosuresShareholder Meetings
Canal+ Wins Strong Shareholder Backing for Governance, Capital Flexibility at 2026 AGM
Positive
May 29, 2026
Canal+ shareholders approved all ordinary and extraordinary resolutions at the combined general meeting held in Paris on 29 May 2026, including the 2025 annual and consolidated financial statements and the allocation of distributable profit. The s...
Private Placements and FinancingRegulatory Filings and Compliance
Canal+ Files Final Memorandum for €700m Institutional Bond Issue
Positive
May 18, 2026
Canal+ has published the final information memorandum for its recently priced €700 million senior unsecured notes due 2032, which have been approved by the Luxembourg Stock Exchange and made available on both the company’s and the exch...
Business Operations and StrategyPrivate Placements and Financing
Canal+ Raises €700 Million in Oversubscribed Bond to Refinance Debt
Positive
May 13, 2026
Canal+ SA has successfully priced a €700 million senior unsecured bond issue maturing in 2032 with an annual coupon of 4.875%, its second bond transaction, which was 3.7 times oversubscribed and attracted a diversified, high-quality investor...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Canal+ Publishes Documents for Shareholders’ Meeting on New Articles
Positive
May 13, 2026
Canal+ SA, listed in London under the ticker CAN, has published the convening brochure for its Combined Shareholders’ General Meeting scheduled for 29 May 2026 at L’Olympia in Paris, which will also be broadcast live via its website to...
Business Operations and StrategyDelistings and Listing Changes
Canal+ secures fast-track secondary listing on Johannesburg Stock Exchange
Positive
May 12, 2026
Canal+, the global media and entertainment group listed in London, has secured approval for a fast-track inward secondary listing by way of introduction on the Johannesburg Stock Exchange, with trading set to begin on 3 June 2026. The company will...
Business Operations and StrategyPrivate Placements and Financing
Canal+ Lines Up Banks for Potential € Benchmark Bond to Refinance Bridge Loan
Positive
May 11, 2026
Canal+ S.A. has appointed a syndicate of major international banks to arrange fixed-income investor calls and release a pre-recorded presentation as it prepares the ground for a potential benchmark euro-denominated senior unsecured bond with a six...
Business Operations and StrategyDelistings and Listing ChangesFinancial Disclosures
Canal+ Holds Q1 Revenue Steady as MultiChoice Integration and African Push Advance
Positive
Apr 28, 2026
Canal+ reported first-quarter 2026 revenue of €2.17 billion, broadly flat on a like-for-like basis including MultiChoice, but up 41% versus the prior year excluding that acquisition, underscoring the scale impact of its African expansion. Re...
Business Operations and StrategyExecutive/Board Changes
Canal+ Reshapes Management Board After MultiChoice Integration
Positive
Apr 17, 2026
Canal+ has strengthened its top management structure by appointing David Mignot, CEO of Canal+ Africa and CEO of MultiChoice, and Christophe Pinard-Legry, CEO of Europe and France in charge of business, to its Management Board with effect from 16 ...
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.