PUBGY - Publicis Groupe: Outperformance But Significant Overvaluation

2024-06-24 03:04:52 ET

Summary

• Despite positive trends in organic growth and market share, the company's high valuation makes it unattractive for investment at this time.
• Publicis Groupe is a leading advertising company with strong financial performance and growth potential.
• Recent outperformance has led to overvaluation, prompting a "Hold" recommendation at current share price levels.

Dear readers/followers,

I've been covering Publicis Groupe ( PUBGY ) ( PGPEF ) for a number of years as one of the largest advertising companies in the entire world. Furthermore, the company is European, with headquarters in France. The company has shown strong financial performance with high profit and earnings metrics, low leverage, and good growth potential.

My last article on the company can be found here - and as you can see, the company has outperformed since my last recommendation of "HOLD". I underestimated the company in my last piece, with the result of an outperformance of over 20% compared to the market....

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