QM · rank #14 · 2026-10-20
DEC
PARIS · EUR · $6.18B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +72.27% |
|---|---|
| ROE TTM Return on equity, trailing 12 months. | +16.1% |
| Profit margin Net profit margin, trailing 12 months. | +8.7% |
| Market cap (USD) Size filter: > $300M required (USD-equivalent). | $6.18B |
| Anchor (recent) Close on 2026-09-18 | $25.26 |
| Anchor (far) Close on 2025-09-19 | $14.66 |
The AI research card
Independent qualitative review of each pick before the order is placed. On the rare day the research service is unavailable, the paper book trades on the quant ranking alone and no card appears here.
Summary
JCDecaux (DEC) is the world's largest out-of-home advertising company, monetising exclusive long-term concessions across street furniture, transport, and airport networks in over 80 countries.
Rationale
Strong 12-month price momentum (0.72) is supported by genuine fundamental improvement—56% EBIT growth, positive free cash flow inflection, 14.5% organic digital revenue growth, and an ROE of 16%—suggesting the momentum signal reflects a real earnings recovery rather than pure sentiment rotation.
Material risks
- 1Concession contestability is the core structural risk: the moat is access-based, not technological, so a lost tender at a major hub (e.g., Heathrow, a major metro) directly eliminates high-value inventory with no substitute, and municipalities are increasingly sophisticated counterparties.
- 2Advertising demand cyclicality—macro or geopolitical deterioration compresses occupancy and CPMs quickly, and management's own Q3 guidance already flags this uncertainty despite the 5% organic growth target.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.