QM · rank #13 · 2026-10-27
DEC
PARIS · EUR · $5.93B (USD)
The exact numbers the algorithm saw.
| Momentum 12-1 Return from 12 months ago to 1 month ago. | +72.38% |
|---|---|
| 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). | $5.93B |
| Anchor (recent) Close on 2026-09-25 | $24.96 |
| Anchor (far) Close on 2025-09-26 | $14.48 |
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 is the world's largest out-of-home advertising company, operating ~1.1 million panels across 79 countries with a growing digital/programmatic DOOH platform (42.8% of H1 2026 revenue) underpinned by long-duration municipal and transport concessions.
Rationale
The quality_momentum signal is reinforced by concrete fundamentals — 18.6% recurring EBIT growth, record FCF of €342.9M, ROE of 16.1%, and sustained organic revenue acceleration (5.7% H1 2026, ~5% guided Q3) driven by structural DOOH digitization rather than cyclical sentiment alone.
Material risks
- 1Concession retender risk is the primary thesis-breaker — Hamburg's award remained subject to parliamentary approval, and a single lost major transport or airport contract (e.g., a key airport hub) could materially impair the revenue visibility that justifies the quality premium.
- 2Programmatic DOOH inventory commoditization via large automated ad platforms (Google, The Trade Desk) could compress CPMs and erode the economics of VIOOH's supply-side position, undermining the digital revenue growth rate that is driving momentum.
AI verdict council
Each pick is reviewed independently by 3 models before any order. 3 of 3 voted to proceed.