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Ipsos SA
(IPS)
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Rating:76Outperform
Price Target:
€40.00
▲(1.16% Upside)
Action:Reiterated
Date:07/24/26
The score is driven primarily by solid financial performance with strong recent revenue growth and steady cash generation, tempered by rising leverage and margin pressure. Technicals are supportive with price above major moving averages and positive momentum, while valuation is a key positive given the low P/E and high dividend yield.
Positive Factors
Strong revenue growth
The sharp 2025 revenue acceleration indicates renewed demand for Ipsos’s research, data, and advisory services across its client base. If sustained, stronger volume and project activity can support operating leverage, reinforce market presence, and provide a durable base for future earnings growth.
Negative Factors
Higher leverage
The substantial increase in debt has reduced financial flexibility compared with the prior year and makes the business more exposed if revenue growth or margins weaken. Higher leverage can also constrain capital allocation, increase financing sensitivity, and limit room to absorb an extended downturn.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
The sharp 2025 revenue acceleration indicates renewed demand for Ipsos’s research, data, and advisory services across its client base. If sustained, stronger volume and project activity can support operating leverage, reinforce market presence, and provide a durable base for future earnings growth.
Read all positive factors
Ipsos SA (IPS) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.55B
Dividend Yield5.51%
Average Volume (3M)73.94K
Price to Earnings (P/E)9.0
Beta (1Y)0.58
Revenue Growth3.36%
EPS Growth-2.96%
CountryFR
Employees20,000
SectorGeneral
Sector StrengthN/A
IndustryConsulting Services
Share Statistics
EPS (TTM)4.05
Shares Outstanding43,203,224
10 Day Avg. Volume63,063
30 Day Avg. Volume73,945
Financial Highlights & Ratios
PEG Ratio-0.89
Price to Book (P/B)0.94
Price to Sales (P/S)0.58
P/FCF Ratio6.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€41.00Price Target Upside3.69% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)5.25
Revenue Forecast (FY)€2.57B
Ipsos SA Business Overview & Revenue Model
Company Description
Founded in 1975 and headquartered in Paris, France, Ipsos S.A. operates globally, delivering comprehensive survey-based research services to companies and institutions throughout Europe, the Middle East, Africa, the Americas, and Asia-Pacific. The...
How the Company Makes Money
Ipsos primarily makes money by selling professional research and insight services to corporate, institutional, and public-sector clients. Its core revenue model is fee-for-service: clients pay for the design, execution, analysis, and reporting of ...
Ipsos SA Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
67
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.54B | 2.52B | 2.44B | 2.39B | 2.41B | 2.15B |
| Gross Profit | 568.66M | 504.18M | 1.68B | 1.61B | 1.59B | 1.39B |
| EBITDA | 403.02M | 407.43M | 400.57M | 381.53M | 402.73M | 348.58M |
| Net Income | 174.26M | 186.55M | 204.53M | 159.72M | 215.16M | 183.92M |
Balance Sheet | ||||||
| Total Assets | 2.99B | 3.08B | 2.91B | 2.75B | 2.85B | 2.74B |
| Cash, Cash Equivalents and Short-Term Investments | 290.32M | 317.56M | 342.55M | 277.91M | 385.67M | 298.45M |
| Total Debt | 641.09M | 661.56M | 512.31M | 531.74M | 587.00M | 623.38M |
| Total Liabilities | 1.46B | 1.51B | 1.34B | 1.32B | 1.35B | 1.40B |
| Stockholders Equity | 1.53B | 1.57B | 1.58B | 1.42B | 1.48B | 1.33B |
Cash Flow | ||||||
| Free Cash Flow | 214.29M | 216.99M | 268.06M | 225.62M | 270.22M | 302.29M |
| Operating Cash Flow | 298.37M | 300.07M | 338.40M | 284.18M | 325.05M | 345.97M |
| Investing Cash Flow | -79.70M | -257.95M | -103.64M | -108.36M | -64.63M | -74.47M |
| Financing Cash Flow | -175.71M | -36.97M | -166.96M | -260.02M | -170.64M | -195.56M |
Ipsos SA Technical Analysis
Positive
39.54
Price Trends
37.06
Negative
36.60
Negative
34.65
Positive
Market Momentum
-0.18
Negative
53.46
Neutral
65.19
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:IPS, the sentiment is Positive. The current price of 39.54 is above the 20-day moving average (MA) of 35.36, above the 50-day MA of 37.06, and above the 200-day MA of 34.65, indicating a neutral trend. The MACD of -0.18 indicates Negative momentum. The RSI at 53.46 is Neutral, neither overbought nor oversold. The STOCH value of 65.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:IPS.
Ipsos SA Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | €1.55B | 8.96 | 11.25% | 5.51% | 3.36% | -2.96% | |
74 Outperform | €741.81M | 8.98 | 12.19% | 1.67% | 1.13% | 8.32% | |
67 Neutral | €285.26M | 13.19 | 29.87% | 6.71% | 8.08% | 4.16% | |
62 Neutral | €136.92M | 3.70 | -390.46% | 10.80% | -7.42% | -90.88% | |
60 Neutral | €148.11M | -9.96 | -5.44% | 2.17% | -0.98% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | €66.83M | -126.95 | -0.77% | 34.87% | -2.72% | -109.96% |
* General Sector Average
FR:IPS
Ipsos SA
36.30
3.40
10.35%
FR:ALCGM
Cegedim
10.66
0.06
0.57%
FR:HCO
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3.58
-0.07
-2.00%
FR:LOCAL
Solocal
3.78
0.02
0.53%
FR:SWP
SWORD GROUP SE
29.80
-3.64
-10.89%
FR:WAVE
Wavestone
30.00
-16.10
-34.92%
Ipsos SA Corporate Events
Ipsos Details Share Buyback Transactions Over Late September and Early October 2026
Oct 6, 2026
Ipsos has disclosed details of its ongoing share buyback program, reporting aggregated daily transactions in its own ordinary shares between 28 September and 2 October 2026 across the Euronext Paris (XPAR) and Cboe Europe (CEUX) trading venues. Ov...
Ipsos Publishes August 2026 Share Capital and Voting Rights Data
Sep 30, 2026
Ipsos SA reported that as of 31 August 2026 its share capital comprised 43,203,225 shares, corresponding to 49,666,211 theoretical voting rights and 47,923,853 exercisable voting rights. The distinction between theoretical and exercisable votes re...
Ipsos Details Late-September Share Buyback Activity
Sep 29, 2026
Ipsos has reported a new series of share buyback transactions carried out between September 21 and 25, 2026 on Euronext Paris and other European platforms. Over the period, the group repurchased several tranches of its ordinary shares at weighted ...
Ipsos Steps Up Capital Management With September Share Buybacks
Sep 22, 2026
Ipsos SA has reported the execution of share buybacks between September 14 and 18, 2026, involving its ordinary shares listed under ISIN FR0000073298 on Euronext Paris and other trading venues. The disclosure details daily volumes and weighted ave...
Ipsos Details September Share Buybacks on European Markets
Sep 15, 2026
Ipsos has reported a new series of share repurchases carried out between 7 and 11 September 2026 on Euronext Paris and the Cboe Europe exchange. Over this period, the company bought back several tranches of its ordinary shares, with daily volumes ...
Ipsos accelerates “Horizons” strategy and launches Augmented Ipsos campaign
Sep 14, 2026
Ipsos CEO Kelly Beaver reaffirmed the company’s “Horizons” strategic plan and announced an acceleration of its execution to support growth, focusing on six pillars including global solutions expansion, strong local presence, spee...
Ipsos Details Early September Share Buyback Transactions
Sep 8, 2026
Ipsos disclosed trading in its own shares carried out between 1 and 4 September 2026 under an existing share buyback program, covering purchases on Euronext Paris and the Cboe Europe platform. Over this period, the company acquired several tranche...
Ipsos Names Trinh Tu CEO for UK and Ireland to Drive Next Growth Phase
Sep 7, 2026
Ipsos has appointed long-serving executive Trinh Tu as Chief Executive Officer for its UK and Ireland operations, succeeding Kelly Beaver and joining the group’s Executive Management Committee. Tu, who began her career at Ipsos as a research...
Ipsos Intensifies Share Buybacks on European Markets
Sep 1, 2026
Ipsos SA has carried out a series of share buybacks between August 25 and August 28, 2026, repurchasing blocks of its ordinary shares on the Paris stock exchange and on a pan-European venue. The transactions were executed at weighted average price...
Ipsos Publishes July 2026 Share Capital and Voting Rights Data
Aug 26, 2026
Ipsos SA has reported that its share capital at 31 July 2026 consisted of 43,203,225 shares, corresponding to 49,670,029 theoretical voting rights under AMF rules. The company also disclosed 48,136,776 exercisable voting rights, net of shares with...
Ipsos Details August Share Buybacks Under Ongoing Repurchase Program
Aug 18, 2026
Ipsos has disclosed recent trading in its own shares under an ongoing share buyback program, detailing purchases made between 10 and 13 August 2026 on Euronext Paris and the Cboe Europe platform. The transactions involved several tranches of ordin...
Ipsos Steps Up Share Buybacks as Prices Edge Toward €40
Aug 11, 2026
Ipsos has continued to actively manage its capital structure through share buybacks on its ordinary shares, executed between 4 and 7 August 2026 on Euronext Paris and Cboe Europe. The company repurchased tens of thousands of shares over the period...
Ipsos Details Late-July Share Buyback Activity on Paris and DXE Markets
Aug 4, 2026
Ipsos disclosed share repurchase activity in its ordinary shares over the period from July 27 to July 31, 2026, executed primarily on Euronext Paris and the DXE trading venue. The transactions covered several trading days with varied volumes and w...
Ipsos Publishes and Files 2026 Half-Year Financial Report
Jul 31, 2026
Ipsos SA has announced that its financial report for the first half of 2026 is now available to investors and the wider market on the company’s website, under the dedicated financial reports section. The document, setting out the group’...
Ipsos names Kelly Beaver as new CEO to drive Horizons growth plan
Jul 31, 2026
Ipsos has appointed long‑serving executive Kelly Beaver as Chief Executive Officer, effective immediately, following a unanimous decision by the Board of Directors. Beaver, a prominent figure in the research sector recognized for innovation ...
Ipsos Details July Share Buybacks on Euronext Paris and Xetra
Jul 29, 2026
Ipsos has reported recent activity under its ongoing share buyback program, disclosing the repurchase of ordinary shares between 20 and 24 July 2026 on Euronext Paris and the Deutsche Börse Xetra platform. The transactions, executed at daily ...
Ipsos Updates Market on June 2026 Share Capital and Voting Rights
Jul 27, 2026
Ipsos SA has disclosed its monthly update on share capital and voting rights for 30 June 2026, reporting 43,203,225 shares outstanding and a theoretical total of 49,681,681 voting rights. The exercisable voting rights amount to 48,446,626, calcula...
Ipsos Q2 rebound supports AI-driven Horizons strategy amid margin pressure
Jul 22, 2026
Ipsos reported a clear rebound in the second quarter of 2026, with revenue rising 4.9% to €615.2 million and organic growth returning to 3.0%, lifting first-half revenue to €1.17 billion and modest organic growth of 0.8% despite advers...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.