Lagardère MMB.PA
FranceConsumer Cyclical · Specialty RetailEuronext París · EUR
27.17 EUR (+50.8%)
3 analysts
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Lagardère is a French media and entertainment group with press, publishing (Hachette Livre) and travel retail (Lagardère Travel Retail) businesses, operating shops and kiosks in airports and train stations.
Listed on Euronext París · Symbol MMB.PA · EPA: MMB · Currency EUR
Key points
from its scores- ✓Attractive dividend8.1
- ✓Attractive valuation7.9
- ✕Fragile balance sheet2.6
- ✕Poor share-price trend4.3
AI analysis
bottom line, main risk, context and newsCash generation and valuation are attractive, but high leverage and a thin operating margin limit near-term upside.
Lagardère combines a leveraged balance sheet (Net Debt/EBITDA 4.76) with very solid cash generation (95% conversion, 35.6% FCF yield) and a 27.8% ROE, supporting an attractive valuation (P/E 12.3) and a covered dividend (45.6% payout). The 23.7% profit growth reflects the travel retail recovery, but the operating margin (5.2%) remains thin and debt is the main drag.
High leverage (Net Debt/EBITDA 4.76) with an operating margin of only 5.2% leaves Lagardère vulnerable to any consumer weakness or rate hike that makes its debt more expensive.
Context and risks
Lagardère's business (press, publishing and travel retail) depends on discretionary consumer demand and mobility, with no direct exposure to rates, commodities or shipping routes. The only relevant contextual factor is weak French consumption, already reflected in its low operating margin (5.2%) and flat revenue growth.
Is Lagardère stock cheap or expensive?
at the analysis dateOn P/E and EV / EBITDA, it trades 32% below the Consumer Cyclical median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 12.3 | 17.8 | −31% |
| EV / EBITDA | 7.6 | 11.2 | −33% |
| Price / book | 2.9 | 2.9 | +2% |
| Price / sales | 0.3 | 1.3 | −78% |
Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.
Valuation score: 7.9 out of 10 (median for Consumer Cyclical: 6.6).
Average analyst target: 27.17 EUR, +50.8% versus the price.
A discount may reflect more risk or slower growth than its sector: Financial health 2.6 (sector 5.7), Growth 6.2 (sector 5.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Consumer Cyclical medianValuation
- P/E
- 12.3
- Forward P/E
- 7.6
- EV / EBITDA
- 7.6
- Price / book
- 2.9
- Price / sales
- 0.3
- PEG
- 2.55
- Market cap
- 2.6B EUR
- Enterprise value
- 7.3B EUR
Profitability
- ROE
- 27.8%
- ROA
- 4.3%
- ROIC (approx.)
- 8.4%
- Gross margin
- 41.9%
- Operating margin
- 5.2%
- Net margin
- 2.2%
- Free cash flow
- 915.9M EUR
- FCF yield
- 35.6%
- Cash conversion
- 95%
Solvency
- Total debt
- 5.0B EUR
- Net debt
- 4.6B EUR
- Cash
- 431.0M EUR
- EBITDA
- 963.0M EUR
- Net debt / EBITDA
- 4.76
- Debt / equity
- 499.70
- Current ratio
- 0.78
- Quick ratio
- 0.34
Growth
- Revenue growth
- +1.7%
- Earnings growth
- +23.7%
- EPS (TTM)
- 1.47 EUR
- EPS (forward)
- 2.38 EUR
Dividend
- Dividend yield
- 3.7%
- Payout
- 45.6%
Risk and market
- Beta
- 0.82
- Analyst consensus
- none (3)
- Target price
- 27.17 EUR
- 52-week range
- 16.96 – 20.40
Recent news
All MMB.PA news →Compare it with its sector
All 228 in Consumer Cyclical →Frequently asked questions about Lagardère
Is Lagardère stock cheap or expensive?
On P/E and EV / EBITDA, it trades 32% below the Consumer Cyclical median on average. Valuation score: 7.9 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 27.17 EUR, +50.8% versus the price. This is not investment advice.
What score does Lagardère get on MeridIAn Screener?
It scores 6.1 out of 10, rank 916 of 2,130 (better than 55% of the companies analysed). Its strongest category is Dividend (8.1) and its weakest, Financial health (2.6). Analysis of 08/10/2026.
What is Lagardère's P/E ratio?
Its P/E is 12.3: the share price equals 12.3 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 7.6.
How much is Lagardère worth on the stock market?
Its market capitalisation is 2.6B EUR and its enterprise value, debt included, is 7.3B EUR.
How much debt does Lagardère have?
Its net debt (debt minus cash) is 4.6B EUR. That is 4.76 times its EBITDA; the Consumer Cyclical median is 1.91.
Does Lagardère pay a dividend?
Yes: its dividend yield is 3.72% and it pays out 46% of its earnings.
How has Lagardère stock performed over the last year?
It has fallen 0.1% over the last year, excluding dividends. Over the last 52 weeks it has traded between 16.96 and 20.40 EUR. Past performance does not guarantee future results.
What do analysts think of Lagardère?
3 analysts cover it; their average recommendation is “none” and their average target is 27.17 EUR (+50.8% versus the price). It is an estimate, not market data.