Havas NV (NL:HAVAS)
:HAVAS
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Havas NV
(HAVAS)
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Rating:70Neutral
Price Target:
€17.00
▲(3.98% Upside)
Action:DowngradedDate: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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Havas NV (HAVAS) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€1.61B
Dividend Yield5.07%
Average Volume (3M)1.17M
Price to Earnings (P/E)―
Beta (1Y)1.12
Revenue Growth1.75%
EPS Growth-28.77%
CountryNL
Employees22,841
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)1.17
Shares Outstanding99,181,150
10 Day Avg. Volume1,304,711
30 Day Avg. Volume1,165,850
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€19.90Price Target Upside21.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.17
Revenue Forecast (FY)€2.86B
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...
How the Company Makes Money
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Havas NV Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| 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
Positive
16.35
Price Trends
15.76
Positive
15.98
Positive
15.48
Positive
Market Momentum
0.12
Negative
58.83
Neutral
66.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:HAVAS, the sentiment is Positive. The current price of 16.35 is above the 20-day moving average (MA) of 15.55, above the 50-day MA of 15.76, and above the 200-day MA of 15.48, indicating a bullish trend. The MACD of 0.12 indicates Negative momentum. The RSI at 58.83 is Neutral, neither overbought nor oversold. The STOCH value of 66.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:HAVAS.
Havas NV Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | €1.61B | ― | ― | 5.07% | 1.75% | -28.77% | |
66 Neutral | €17.44B | 19.36 | 34.21% | 4.43% | 3.46% | 2.21% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | €4.42B | 15.29 | 1.49% | 9.24% | -3.80% | 163.71% | |
57 Neutral | €2.33B | 89.47 | 11.48% | 7.57% | -8.69% | -42.98% | |
53 Neutral | €3.60B | 14.19 | ― | 4.22% | 1.61% | 69.41% | |
51 Neutral | €364.90M | 128.24 | 5.36% | 7.15% | -10.78% | -89.74% |
* Communication Services Sector Average
NL:HAVAS
Havas NV
16.20
2.35
16.93%
NL:BRNL
Brunel International N.V.
7.24
-1.48
-16.93%
NL:KPN
Royal KPN NV
4.56
0.64
16.16%
NL:LIGHT
Signify NV
19.32
2.51
14.95%
NL:RAND
Randstad Holding NV
25.14
-7.69
-23.43%
NL:BNJ
Banijay Group N.V. Class A
8.50
-0.20
-2.30%
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.