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Canal+
(LSE:CAN)
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Rating:53Neutral
Price Target:
234.00 p
▼(-11.36% Downside)
Action:Reiterated
Date:08/02/26
The score is primarily held back by financial performance—ongoing net losses, negative ROE, and weakening free cash flow despite improving revenue and EBIT margin. Technicals are a relative positive with the price above major moving averages, but valuation remains pressured due to the negative P/E and only a modest dividend yield.
Positive Factors
Revenue growth
Accelerating revenue growth indicates improving demand for Canal+ subscriptions, distribution and related media services. If sustained, a larger revenue base can strengthen operating leverage, support investment in content and platforms, and improve the company’s competitive position across its geographies.
Negative Factors
Persistent net losses
Persistent bottom-line losses mean improving revenue and EBIT have not yet produced positive earnings for shareholders. Negative ROE indicates that the substantial capital base is not currently generating adequate returns, limiting confidence that operating progress will translate into durable value creation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue growth
Accelerating revenue growth indicates improving demand for Canal+ subscriptions, distribution and related media services. If sustained, a larger revenue base can strengthen operating leverage, support investment in content and platforms, and improve the company’s competitive position across its geographies.
Read all positive factors
Canal+ (CAN) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£2.27B
Dividend Yield0.02%
Average Volume (3M)585.70K
Price to Earnings (P/E)98.2
Beta (1Y)1.52
Revenue Growth9.24%
EPS Growth64.97%
CountryUK
Employees8,892
SectorGeneral
Sector StrengthN/A
IndustryBroadcasting
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding984,787,300
10 Day Avg. Volume606,755
30 Day Avg. Volume585,698
Financial Highlights & Ratios
PEG Ratio0.92
Price to Book (P/B)0.85
Price to Sales (P/S)0.44
P/FCF Ratio7.35
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£365.00Price Target Upside38.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.3
Revenue Forecast (FY)£8.71B
Canal+ Business Overview & Revenue Model
Company Description
Canal+ SA operates as a provider of television services, focusing on broadcasting and content distribution. Its business is structured into three primary divisions: Europe, Africa and Asia, and a segment dedicated to Content Production, Distributi...
How the Company Makes Money
Canal+ makes money primarily by monetizing access to audiovisual content through subscriptions and, to a lesser extent, related distribution and advertising activities.
1) Subscription revenue (core): The largest and most structurally recurring r...
Canal+ Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
48
Neutral
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.14B | 6.95B | 6.45B | 6.22B | 6.01B | 5.87B |
| Gross Profit | 3.81B | 3.07B | 2.55B | 2.50B | 2.46B | 2.44B |
| EBITDA | 1.07B | 675.00M | 485.00M | 661.00M | 716.00M | 697.00M |
| Net Income | -87.84M | -47.00M | -147.00M | -61.00M | 141.00M | 119.00M |
Balance Sheet | ||||||
| Total Assets | 12.20B | 12.29B | 9.37B | 8.91B | 8.60B | 7.68B |
| Cash, Cash Equivalents and Short-Term Investments | 951.00M | 830.00M | 378.00M | 429.00M | 284.00M | 212.00M |
| Total Debt | 3.52B | 3.34B | 951.00M | 4.45B | 3.89B | 3.21B |
| Total Liabilities | 8.41B | 8.64B | 4.32B | 7.77B | 7.42B | 6.71B |
| Stockholders Equity | 3.59B | 3.57B | 4.79B | 894.00M | 970.00M | 767.00M |
Cash Flow | ||||||
| Free Cash Flow | 90.10M | 412.00M | 131.00M | 199.00M | 69.00M | 284.00M |
| Operating Cash Flow | 380.48M | 709.00M | 413.00M | 500.00M | 405.00M | 654.00M |
| Investing Cash Flow | -1.46B | -1.46B | -871.00M | -743.00M | -819.00M | -539.00M |
| Financing Cash Flow | 1.43B | 1.18B | 495.00M | 299.00M | 505.00M | -75.00M |
Canal+ Technical Analysis
Negative
264.00
Price Trends
253.27
Negative
251.91
Negative
253.65
Negative
Market Momentum
-9.27
Negative
45.31
Neutral
60.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:CAN, the sentiment is Negative. The current price of 264 is above the 20-day moving average (MA) of 234.03, above the 50-day MA of 253.27, and above the 200-day MA of 253.65, indicating a bearish trend. The MACD of -9.27 indicates Negative momentum. The RSI at 45.31 is Neutral, neither overbought nor oversold. The STOCH value of 60.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:CAN.
Canal+ Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | £18.78B | 11.70 | 12.84% | 4.32% | -3.55% | 2.13% | |
61 Neutral | £2.43B | 10.84 | 13.15% | 7.52% | 1.58% | 27.05% | |
60 Neutral | £3.85B | -67.38 | -23.48% | 12.38% | ― | ― | |
56 Neutral | £27.42B | -70.93 | -0.79% | 3.36% | 11.08% | 87.73% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | £2.27B | 98.20 | -1.48% | 0.02% | 9.24% | 64.97% | |
43 Neutral | £46.72M | -1.75 | 143.01% | 6.98% | -18.44% | -608.87% |
* General Sector Average
GB:CAN
Canal+
230.40
-4.84
-2.06%
GB:BT.A
BT Group plc
192.75
17.16
9.77%
GB:ITV
ITV plc
66.45
-4.87
-6.83%
GB:STVG
STV Group plc
100.00
-19.50
-16.32%
GB:VOD
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118.35
37.28
45.99%
GB:ZEG
Zegona Communications
1,712.00
597.89
53.67%
Canal+ Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Canal+ Reports Major Share Acquisition by Entity Linked to Chairman
Positive
Oct 9, 2026
Canal+ SA disclosed that Havas S.A.S, a person closely associated with Supervisory Board Chairman Yannick Bolloré, acquired 10,651,552 ordinary shares in the company. The transaction took place on 6 October 2026 across several trading venues ...
Regulatory Filings and Compliance
Canal+ chairman-linked entity acquires 363,000 shares on open market
Positive
Oct 8, 2026
Canal+ SA disclosed that HAVAS S.A.S, a company closely associated with Supervisory Board chairman Yannick Bolloré, purchased 363,042 Canal+ ordinary shares on 5 October 2026. The transactions were executed across multiple trading venues at a...
Regulatory Filings and Compliance
Canal+ Discloses Major Share Acquisition Linked to Supervisory Board Chair
Positive
Oct 7, 2026
Canal+ SA disclosed that HAVAS SAS, a person closely associated with Supervisory Board chairman Yannick Bolloré, acquired 1,013,601 ordinary shares in the company on 2 October 2026. The transaction, involving multiple trading venues at an agg...
Regulatory Filings and Compliance
Canal+ Board Member Increases Stake in Dual-Listed Media Group
Positive
Oct 7, 2026
Canal+ SA disclosed that Supervisory Board member Xavier Mayer acquired 1,250 ordinary shares in the company on 2 October 2026, with the transaction executed on the London Stock Exchange. The purchase, valued at GBP 2,627.10, was formally notified...
Regulatory Filings and Compliance
Canal+ Supervisory Board Member Buys Shares in Dual-Listed Media Group
Positive
Sep 18, 2026
Canal+ SA has disclosed that Supervisory Board member Philippe Bénacin acquired 10,900 ordinary shares in the company on 16 October 2025. The purchase, executed on the London Stock Exchange at a price of GBP 2.4191 per share, was notified und...
Financial DisclosuresRegulatory Filings and Compliance
Canal+ Updates Market on Total Voting Rights and Share Capital Structure
Neutral
Sep 1, 2026
Canal+, the global media and entertainment group listed in London and Johannesburg, reported that as of 31 August 2026 its issued share capital comprised 991,959,494 ordinary shares of €0.25 each, of which 7,172,195 are held in treasury with...
Business Operations and StrategyRegulatory Filings and Compliance
Canal+ Discloses Share Purchase by Entity Linked to Supervisory Board Member
Positive
Aug 14, 2026
Canal+ SA has disclosed that BuMa Investment Holding, a company incorporated in South Africa and closely associated with Supervisory Board member Elias Masilela, acquired 5,000 ordinary Canal+ shares. The transaction, conducted on 13 August 2026 o...
Regulatory Filings and Compliance
Canal+ Supervisory Board Member Buys Shares in LSE-Listed Media Group
Positive
Aug 4, 2026
Canal+ SA, a French media and entertainment group, is incorporated in France and has its primary listing on the London Stock Exchange and a secondary listing on the JSE Limited. The company issues ordinary shares with a nominal value of €0.2...
Regulatory Filings and Compliance
Canal+ Updates Market on Total Voting Rights and Share Capital Structure
Neutral
Aug 3, 2026
Canal+, the globally active media and entertainment company listed primarily in London with a secondary listing in Johannesburg, detailed its latest capital and governance structure as of 31 July 2026. The group reported a total issued share capit...
Business Operations and StrategyExecutive/Board ChangesM&A Transactions
Canal+ Executives Receive Share Awards Linked to MultiChoice Acquisition
Positive
Aug 3, 2026
Canal+ has disclosed transactions by senior executives involving the vesting of shares under its Exceptional MultiChoice Award Scheme, which is tied to the acquisition of African pay-TV group MultiChoice. The awards, valued at €3.03 per shar...
Business Operations and StrategyFinancial Disclosures
Canal+ lifts profit on MultiChoice integration and stronger cash flow
Positive
Jul 28, 2026
Canal+ reported a 40% rise in first-half 2026 revenue to €4.29 billion, largely driven by consolidating MultiChoice, while adjusted EBIT jumped 68% to €433 million and free cash flow improved on cash optimisation and favourable content...
Business Operations and Strategy
Canal+ Pledges €980m in Landmark Five-Year Deal to Bolster French Cinema
Positive
Jul 27, 2026
Canal+ has signed a landmark five-year agreement with key French film industry bodies to reinforce the role of cinema in France’s cultural model. The deal, covering Canal+ and CINÉ+ OCS from 2028, commits €980 million over five ye...
Executive/Board Changes
Canal+ announces immediate resignation of Supervisory Board member
Negative
Jul 16, 2026
Canal+ SA, listed primarily in London and secondarily on the JSE, is a diversified media and entertainment group spanning pay-TV, streaming, film and TV production, video platforms and telecom services across Europe, Africa and Asia. With around 1...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
Canal+ executives increase stakes via employee share ownership plan
Positive
Jul 13, 2026
Canal+ SA has disclosed share acquisitions by two members of its Management Board, Anna Marsh and Amandine Ferré, through subscriptions to fund units of the company’s employee investment vehicle, the Fond Commun de Placement d’Ent...
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.