Lagardere SCA (MMB) AI Stock Analysis

Lagardere SCA

(Paris:MMB)

Select Model

Rating:57Neutral

Price Target:EUR 19.50▲(7.14% Upside)

Action:reiterated

Date:08/06/26

The score is driven primarily by solid operating recovery and strong, consistent free cash flow, partially offset by a highly leveraged balance sheet and thin net margins. Technical indicators are neutral-to-weak, while valuation (moderate P/E and ~3.7% yield) provides support.

Positive Factors

Strong cash generationConsistently robust operating cash flow (~€1.0–€1.3B) and free cash flow (~€0.7–€1.0B) provide durable internal funding for capex, concessions fit-outs, dividends and debt servicing. Reliable FCF reduces reliance on outside financing and supports operational stability over the medium term.

Negative Factors

Very high financial leverageA large debt burden relative to a small equity base materially constrains balance-sheet flexibility. High leverage increases refinancing and interest-rate sensitivity, limits strategic optionality, and means adverse shocks or tighter credit conditions could quickly pressure liquidity and investment capacity over the medium term.

Lagardere SCA (MMB) vs. iShares MSCI France ETF (EWQ)

Market Cap: EUR 2.58B
Dividend Yield: 3.68%
Average Volume (3M): 11.57K
Price to Earnings (P/E): 12.2
Beta (1Y): 0.58
Revenue Growth: 3.56%
EPS Growth: -1.52%
Country: France
Employees: 33,000
Sector: General
Sector Strength: 55
Industry: Specialty Retail

Lagardere SCA Business Overview & Revenue Model

Company Description

Lagardere SA is an international group focused on two main divisions: Lagardère Publishing, which includes the major imprint Hachette Livre, and Lagardère Travel Retail, which operates retail stores in airports and railway stations. The company's bus...

How the Company Makes Money

Lagardère primarily makes money through two main business lines: 1) Travel retail (Lagardère Travel Retail) - Concession-based sales: The company generates revenue by operating retail stores in transport hubs (e.g., airports, train stations), typical...

Lagardere SCA Financial Statement Overview

Summary

Income statement shows strong revenue growth and a post-2020 return to profitability, and cash flow is a clear strength with robust, consistently positive free cash flow. The main offset is the balance sheet: very high leverage (debt ~€5.1B vs equity ~€0.9B; debt-to-equity ~5–6x) and thin net margins (~2% in 2024–2025) increase risk if conditions weaken or refinancing tightens.

Income Statement

62Positive

Balance Sheet

38Negative

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.50B	9.42B	9.00B	8.13B	6.98B	5.17B
Gross Profit	678.00M	663.00M	582.00M	3.39B	336.00M	-27.00M
EBITDA	1.47B	1.50B	1.36B	1.10B	926.00M	744.00M
Net Income	210.00M	203.00M	168.00M	144.00M	161.00M	-101.00M
Balance Sheet
Total Assets	9.38B	9.72B	9.52B	9.32B	8.98B	8.75B
Cash, Cash Equivalents and Short-Term Investments	431.00M	632.00M	393.00M	467.00M	851.00M	937.00M
Total Debt	5.01B	5.13B	4.90B	4.95B	4.59B	4.38B
Total Liabilities	8.37B	8.70B	8.43B	8.37B	7.95B	7.81B
Stockholders Equity	875.00M	888.00M	977.00M	837.00M	899.00M	815.00M
Cash Flow
Free Cash Flow	1.00B	980.00M	995.00M	711.00M	428.00M	586.00M
Operating Cash Flow	1.25B	1.24B	1.29B	980.00M	650.00M	742.00M
Investing Cash Flow	-230.00M	-222.00M	-197.00M	-601.00M	-338.00M	-322.00M
Financing Cash Flow	-1.02B	-754.00M	-1.21B	-744.00M	-511.00M	-208.00M

Lagardere SCA Technical Analysis

Technical Analysis SentimentNegative

Last Price18.20

Price Trends

50DMA18.26Negative

100DMA18.61Negative

200DMA18.28Negative

Market Momentum

MACD-0.02Positive

RSI49.71Neutral

STOCH25.64Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:MMB, the sentiment is Negative. The current price of 18.20 is below the 20-day moving average (MA) of 18.20, below the 50-day MA of 18.26, and below the 200-day MA of 18.28, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 49.71 is Neutral, neither overbought nor oversold. The STOCH value of 25.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FR:MMB.

Lagardere SCA Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

FR:MMB against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FR:DEC	64Neutral	EUR 5.20B	15.87	14.40%	2.68%	1.12%	36.41%
FR:MMT	64Neutral	EUR 1.27B	12.55	8.16%	12.45%	-1.59%	-31.58%
FR:TFI	57Neutral	EUR 1.26B	10.09	6.17%	10.57%	-2.51%	-25.56%
FR:MMB	57Neutral	EUR 2.58B	12.21	23.82%	3.68%	3.56%	-1.52%
FR:FNAC	56Neutral	EUR 1.03B	-6.36	-11.85%	2.87%	10.31%	-833.15%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
FR:VIV	51Neutral	EUR 1.56B	33.20	1.01%	2.46%	―	―

* General Sector Average

Performance Comparison

FR:MMB and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FR:MMB	Lagardere SCA	18.20	0.09	0.48%
FR:FNAC	Fnac Darty SA	34.85	7.50	27.42%
FR:DEC	JCDecaux SA	24.28	9.41	63.23%
FR:MMT	Metropole Television	10.04	-0.75	-6.95%
FR:TFI	Television Francaise 1 Sa Tf1	5.96	-1.27	-17.59%
FR:VIV	Vivendi SA (UK)	1.63	-1.38	-45.91%

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.

Date of analysis: Aug 06, 2026

Lagardere SCA AI Stock Analysis