Havas NV (HAVAS) AI Stock Analysis

• Market Cap: €1.58B
• Dividend Yield: 5.07%
• Average Volume (3M): 1.17M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: -0.51%
• EPS Growth: -56.03%
• Country: NL
• Employees: 22,841
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): 1.17
• Shares Outstanding: 99,181,150
• 10 Day Avg. Volume: 1,304,711
• 30 Day Avg. Volume: 1,165,850
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: €19.90
• Price Target Upside: 29.90% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): 2.18
• Revenue Forecast (FY): €2.87B

• Rating: 70 Neutral
• Price Target: €17.00 ▲(10.97% Upside)
• Action: Downgraded Date: 04/07/26
• Date: Action: Downgraded 04/07/26

Score is driven primarily by solid financial performance (healthy margins, improved leverage, and strong free-cash-flow conversion) and supported by a high dividend yield. This is partially offset by weak technical signals (negative MACD and trading below key moving averages).

Positive Factors

Free cash flow conversion

Consistent high FCF conversion implies earnings translate reliably into cash, supporting reinvestment, dividends and debt reduction. The strong 2025 rebound demonstrates resilience after a weak year and underpins durable liquidity and financial flexibility across business cycles.

Negative Factors

Uneven revenue growth

Volatile year-to-year revenues complicate forecasting and operational planning, increasing execution risk. Reliance on punctuated recoveries can pressure resource allocation and client retention programs, reducing predictability of earnings over the medium term.

Havas NV Business Overview & Revenue Model

Company Description

Havas SA, through its subsidiaries, provides communications services in France and Internationally. The company offers creative services, including advertising creation and solutions, brand and design expertise, content production, marketing servi...

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Havas SA, through its subsidiaries, provides communications services in France and Internationally. The company offers creative services, including advertising creation and solutions, brand and design expertise, content production, marketing servi...

How the Company Makes Money

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Havas NV Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.91B	2.86B	2.87B	2.77B	2.34B
Gross Profit	2.78B	2.74B	2.69B	2.59B	2.24B
EBITDA	423.00M	415.00M	369.00M	425.00M	335.00M
Net Income	189.00M	173.00M	167.00M	171.00M	113.00M
Balance Sheet
Total Assets	6.56B	6.68B	6.90B	6.80B	6.81B
Cash, Cash Equivalents and Short-Term Investments	300.00M	241.00M	327.00M	353.00M	778.00M
Total Debt	371.00M	323.00M	374.00M	434.00M	855.00M
Total Liabilities	4.72B	4.77B	4.94B	4.91B	5.07B
Stockholders Equity	1.81B	1.88B	1.93B	1.86B	1.70B
Cash Flow
Free Cash Flow	327.00M	208.00M	306.00M	333.00M	306.00M
Operating Cash Flow	363.00M	242.00M	341.00M	370.00M	332.00M
Investing Cash Flow	-53.00M	82.00M	-94.00M	-184.00M	-16.00M
Financing Cash Flow	-168.00M	-447.00M	-242.00M	-638.00M	76.00M

Havas NV Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.32
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:HAVAS, the sentiment is Negative. The current price of 15.32 is below the 20-day moving average (MA) of 15.45, below the 50-day MA of 15.96, and below the 200-day MA of 15.42, indicating a bearish trend. The MACD of -0.27 indicates Negative momentum. The RSI at 46.18 is Neutral, neither overbought nor oversold. The STOCH value of 71.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NL:HAVAS.

Havas NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HAVAS	70 Neutral	€1.58B	―	―	5.07%	-0.51%	-56.03%
KPN	66 Neutral	€18.44B	19.36	34.21%	4.43%	3.75%	0.28%
LIGHT	64 Neutral	€2.24B	10.16	11.48%	7.57%	-4.73%	17.93%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
RAND	58 Neutral	€3.94B	18.97	1.49%	9.24%	-3.62%	-87.74%
BNJ	53 Neutral	€3.60B	14.19	―	4.22%	7.13%	117.79%
BRNL	51 Neutral	€329.12M	128.24	5.36%	7.15%	-7.16%	-50.45%