Operating Margin

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Price: 16.81 EUR -0.94% Market Closed

Market Cap: €3.6B

12%

Improving

by 1.1%

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

12%

Operating Income

€443.8m

Revenue

€3.7B

Operating Margin shows how much profit a company makes from its regular business activities after covering operating costs. It helps measure how efficiently the company turns sales into profit.

Operating Margin

12%

Operating Income

€443.8m

Revenue

€3.7B

Peer Comparison

Country		Company	Market Cap	Operating Margin
FR		JCDecaux SE PAR:DEC	3.6B EUR	Loading...
FR		Publicis Groupe SA PAR:PUB	21.3B EUR	Loading...
US		Omnicom Group Inc NYSE:OMC	24.6B USD	Loading...
UK		Informa PLC LSE:INF	11.5B GBP	Loading...
CN	F	Focus Media Information Technology Co Ltd SZSE:002027	104.1B CNY	Loading...
CN		BlueFocus Intelligent Communications Group Co Ltd SZSE:300058	78.5B CNY	Loading...
US		Interpublic Group of Companies Inc NYSE:IPG	9.2B USD	Loading...
CN		Leo Group Co Ltd SZSE:002131	57.6B CNY	Loading...
HK		QMMM Holdings Ltd NASDAQ:QMMM	6.8B USD	Loading...
US	N	NIQ Global Intelligence PLC NYSE:NIQ	5.2B USD	Loading...
JP		Dentsu Group Inc TSE:4324	778.8B JPY	Loading...

Market Distribution

Min	-17 526.7%
30th Percentile	1.3%
Median	6.1%
70th Percentile	11.5%
Max	89 700%

Other Profitability Ratios

JCDecaux SE
Glance View

Market Cap

3.6B EUR

Industry

Media

JCDecaux SE, a name synonymous with innovative outdoor advertising, has its roots tracing back to 1964 when Jean-Claude Decaux founded the company in France. At its core, JCDecaux transformed the industry landscape by offering a unique blend of advertising and utility through its pioneering model—providing public amenities like bus shelters, public toilets, and street furniture in exchange for the rights to display advertisements on them. This clever integration of service and marketing created a win-win for both municipalities, who benefited from the infrastructure without directly incurring costs, and advertisers, who gained prominent exposure to urban audiences. The company's commitment to high-design aesthetics and functionality has allowed it to not only maintain relationships with cities globally but also expand its footprint into new markets through these partnerships that prioritize urban enhancement. The business thrives on a diversified revenue stream anchored in three primary segments: street furniture, transport, and billboard advertising. Street furniture, the heart of JCDecaux's operations, constitutes the largest portion of its income as it taps into high-traffic urban areas worldwide. Meanwhile, the transport segment has grown significantly, leveraging spaces like airports, train stations, and metros to reach the bustling travel audience. Lastly, billboards, though a more traditional form of advertising, complement JCDecaux's portfolio by offering larger-than-life visibility. Innovation stays central to their strategy, with digital out-of-home advertising rising in prominence, promising dynamic, data-driven ad deployment. In this ecosystem, JCDecaux maintains a delicate balance of creativity, technology, and strategic partnership, ensuring its resilience and adaptability in the ever-evolving advertising landscape.

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What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

The AI Assistant may sometimes provide inaccurate information.

Make your own investment decisions or consult a licensed financial advisor.

JCDecaux SE
PAR:DEC

Peer Comparison

Market Distribution

Other Profitability Ratios

JCDecaux SE
Glance View

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JCDecaux SE PAR:DEC