Report
Jerôme Bodin

JCDecaux : What possible deals involving Clear Channel for JCDecaux?

>Clear Channel’s valuation is at a low - In the last few months, Clear Channel Outdoor (CCO) has seen its share price plummet (-62% since the start of the year) bringing its capitalisation down to just $ 442m. By way of comparison, JCDecaux’s share price has fallen by just 34% in the period. In mid-March, Clear Channel’s share price was at an all-time low. Factoring in net debt, the group’s enterprise value works out at € 5.3bnAs we have written on several occas...
Underlying
JCDecaux SA

JC Decaux specializes in outdoor advertising. Co.'s business mainly consists of the sale of advertising space for these activities: Street Furniture, Transport Advertising and Billboard. The Street Furniture segment covers the advertising agreements relating to public property entered into with cities and local authorities. It also includes advertising in shopping centers, renting of street furniture, sale and rental of equipment, cleaning and maintenance. The Transport Advertising segment covers advertising in airports, subways, buses, tramways and trains. The Billboard segment covers advertising on private property and neon-type activity.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jerôme Bodin

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