Havas SA/€HAVAS
1D1W1MYTD1Y5YMAX
Capital at risk
About Havas SA
- Ticker
- €HAVAS
- Sector
- Communication
- Primary listing
- AEX
- Employees
- 22,960
- Headquarters
- Puteaux, France
- Website
- www.havas.com
Havas SA Metrics
BasicAdvanced
€1.7B
8.70
€2.03
-
€0.80
4.53%
Price and volume
Market cap
€1.7B
52-week high
€19.55
52-week low
€14.02
Average daily volume
80K
Dividend rate
€0.80
Financial strength
Current ratio
0.805
Quick ratio
0.762
Long term debt to equity
11.553
Total debt to equity
35.626
Dividend payout ratio (TTM)
40.20%
Interest coverage (TTM)
35.60%
Profitability
EBITDA (TTM)
395
Gross margin (TTM)
31.39%
Net profit margin (TTM)
6.81%
Operating margin (TTM)
12.19%
Effective tax rate (TTM)
29.71%
Revenue per employee (TTM)
€130,000
Management effectiveness
Return on assets (TTM)
3.29%
Return on equity (TTM)
12.17%
Valuation
Price to earnings (TTM)
8.698
Price to revenue (TTM)
0.591
Price to book
0.94
Price to tangible book (TTM)
-2
Price to free cash flow (TTM)
5.198
Free cash flow yield (TTM)
19.24%
Free cash flow per share (TTM)
3.4
Dividend yield (TTM)
4.53%
Forward dividend yield
4.53%
Growth
Revenue change (TTM)
0.55%
Earnings per share change (TTM)
14.18%
10-year revenue growth (CAGR)
2.69%
10-year earnings per share growth (CAGR)
-7.14%
10-year dividend per share growth (CAGR)
18.22%
Bulls say / Bears say
Havas’s AI-driven productivity improvements enabled CEO Yannick Bolloré to report that AI tools reduced production costs of advertising films by up to 50%, helping the group surpass its full-year organic growth target of 3.1% in 2025 (Reuters).
The company achieved net revenue of €2.78 billion in 2025, with adjusted EBIT margin expanding by 50 basis points to 12.9%, demonstrating strong operating leverage post-Vivendi spin-off (Reuters).
In H1 2026, North America—35% of Havas’s net revenue—delivered 6.9% organic growth, offsetting persistent weakness in China and the Middle East and underpinning management’s decision to maintain full-year guidance (Reuters).
JPMorgan’s downgrade to neutral highlights valuation headwinds, noting Havas shares now trade at 11.4 times expected 2026 NOPAT and offering limited upside given projected 2–3% organic growth and mid-single-digit EBITA progression (Zonebourse).
Net revenue in APAC and Africa declined 6.2% to €50 million in Q1 2026, as client losses in China and Singapore underscore ongoing execution challenges in key high-growth markets (Reuters).
The Bolloré family’s majority stake has risen to 53%, with JPMorgan speculating a potential increase to 60%, raising corporate governance concerns and minority shareholder squeeze-out risk (Zonebourse).
Data summarised monthly by Lightyear AI. Last updated on 24 Aug 2026.
Upcoming events
No upcoming events
Funds containing Havas SA
AllEURGBPUSD
Fund name | Fund size | €HAVAS weighting |
|---|---|---|
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.06% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.06% |
iShares MSCI World Small Cap$WSML | $9B | 0.01% |
iShares MSCI World Small Cap€IUSN | €7.8B | 0.01% |
iShares MSCI World Small Cap£WLDS | £6.7B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.