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← CockpitCompetitor Analysis › CBDG.PA Compagnie du Cambodge SAOpen in the cockpit ↗

Compagnie du Cambodge SACBDG.PACompetitor analysis, valuation and peers

France · EUR·Communication Services›Advertising/Marketing Services

French holding company controlled by Bollore SE, with shareholdings inside the Bollore group's chain of companies.

Momentum weak 31
Mkt cap
$6.33B
US dollars, full cap
Free float
1%
of shares outstanding
$/day
$19,029
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
-8.1 pp
WACC 7.9%
Hurdle
-213 pp
Req g minus delivered
Close · EUR€93.00
1D-2.1%
1W-1.1%
1M-3.1%
3M-11.4%
6M-10.6%
YTD-3.1%
1Y-4.1%
ATR %1.5%
52w lowhigh15.4% off high

What Compagnie du Cambodge does

French holding company controlled by Bollore SE, with shareholdings inside the Bollore group's chain of companies.

Exists to hold shares within the Bollore group's chain of companies, so its fortunes follow those holdings and it has no operations of its own. Bollore SE, which controls it, tried in 2024 and 2025 to buy out the minority shareholders; the French market regulator ruled the offer non-compliant in April 2025.

Products and services

  • Shareholdings in other Bollore group companies

Where it sits in the supply chain

  • Financials
  • Holding company
  • Bollore group shareholding vehicle

What could go wrong

  • Thinly traded minority shares inside a controlled group
  • Further buyout attempts by Bollore after the 2025 AMF ruling

Moat: none. A pass-through holding vehicle within the Bollore pyramid, not an operating business itself.

Headquarters: Puteaux, France

Named competitors

Compagnie du Cambodge at a glance

Size Compagnie du Cambodge (CBDG.PA) is a France Communication Services company (Advertising/Marketing Services) with a market value of $6.33B, the 60th largest of 206 France companies the cockpit tracks. Shares closed at €93.00 on 6 Nov 2026.

Performance Over six months the shares fell 10.6%, against +6.4% for the median peer and -0.4% for the France market (cap-weighted) — 5th lowest of 15 in its peer set.

Growth Revenue grew 44.7% over the last twelve months (peer median +4.1%); the operating margin is -11.1% (peer median 9.3%).

Valuation It trades at 43.5× enterprise value to sales against a peer median of 0.9× (most expensive of 15).

Price implies For today's price to make sense, revenue must grow about 56% a year for seven years (Req g). Recent delivered growth is +269%, so the hurdle is -213 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 8.1 points below its cost of capital (7.9% WACC).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026Peer median 111CBDG.PA 91
Six months, rebased to 100: Compagnie du Cambodge against the median of its 14 peers (local-currency closes).

Compagnie du Cambodge financials

Reported figures in EUR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue€141M€137M€31.3M€200,000€200,000
Revenue growth—+338%+15,550%0%—
Gross profit-€14.7M-€16.3M-€3.80M-€1.20M-€900,000
EBITDA-€12.8M-€15.3M-€3.50M-€1.20M-€1.00M
Net income€25.4M€30.0M€40.3M€31.0M€11.3M
Free cash flow€25.5M€29.8M€35.2Mn/an/a
Capital expenditure€3.70M€4.00M€500,000€0€0
Total debtn/a€67.7M€53.3M€0€0

Quarterly statements and history in the cockpit →

Compagnie du Cambodge competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-25%0%+25%+50%0%+20%4324DECWPP300058PTRN3011712433REA1024SAXHAVAS002181002400OMCCBDG.PA6-month return →1-month return →
Up and to the right = strong over both horizons. Compagnie du Cambodge is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%0×20×40×4324DECWPPPTRN3011712433REA1024002181002400OMCCBDG.PARevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Compagnie du Cambodge is the large dot.

Capital: growth delivered against growth the price implies

0%+100%+200%0%100%200%4324DECWPP300058PTRNREACBDG.PAGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Compagnie du Cambodge is the large dot.

Compagnie du Cambodge competitors and peer comparison

Head to head with its named competitors (CBDG.PA vs ODET.PA vs BOL.PA)
CompanyMarket cap6M returnRevenue growthOp. marginEV / SalesReq g
Compagnie du Cambodge CBDG.PA$6.33B-11%+45%-11%43.5×55.9%
Compagnie de l'Odet ODET.PA$4.74B-30%-83%-8%2.3×24.3%
Bollore BOL.PA$11.8B-28%-83%-7%3.1×37.0%

How Compagnie du Cambodge compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Compagnie du Cambodge against its 14 peers (data as of 6 Nov 2026)
MeasureCBDG.PAPeer medianRank in peer set
1-month return-3.1%+9.6%lowest of 15
6-month return-10.6%+6.4%5th lowest of 15
Distance from 52-week high-15.4%-14.1%8th highest of 15
Revenue growth (TTM)+44.7%+4.1%2nd highest of 15
Operating margin-11.1%9.3%lowest of 15
EV / Sales43.5×0.9×most expensive of 15
Growth the price implies (Req g, 7 yrs)55.9%0.8%3rd most demanding of 13
Growth delivered (Del g)+269.1%+9.0%highest of 13
Hurdle (Req g minus delivered)-213.3 pp-5.9 ppleast demanding of 13
ROIC minus cost of capital-8.1 pp+1.0 pp2nd lowest of 15

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Compagnie du Cambodge CBDG.PAFrance$6.33B-11%+45%-11%43.5×55.9%+269.1%
Dentsu 4324.TJapan$6.37B+30%+4%10%0.8×-12.0%+8.8%
JCDecaux DEC.PAFrance$6.40B+42%+1%12%2.3×6.6%+11.8%
WPP WPP.LUnited Kingdom$5.93B+58%-6%9%0.7×-8.1%+2.5%
BlueFocus Intelligent Communications 300058.SZChina$6.98B-24%+6%0%0.6×58.3%+11.1%
Pattern PTRNUnited States$3.24B+15%+44%1%1.0×37.8%+36.2%
Easy Click Worldwide Network Technology 301171.SZChina$3.20B+3%+29%2%4.1×57.4%+9.1%
Hakuhodo Dy 2433.TJapan$3.05B+34%-6%5%0.5×-2.8%+3.8%
REA REA.AXAustralia$15.9B+2%+4%48%11.4×19.3%+14.5%
Kuaishou-w 1024.HKHong Kong$16.0B-39%+11%11%0.7×-4.4%+18.6%
Stroeer SE & Co. KGaA SAX.DEGermany$2.41B-1%+3%11%1.9×4.5%+7.5%
Havas HAVAS.ASNetherlands$1.99B+10%+1%9%0.7×-8.4%+1.8%
Guangdong Guangzhou Daily Media 002181.SZChina$1.96B-32%0%-6%22.0×n/an/a
Guangdong Advertising 002400.SZChina$1.72B-27%+11%0%0.6×n/an/a
Omnicom OMCUnited States$23.6B+13%+54%15%1.3×-6.9%+5.6%

Questions

Who are Compagnie du Cambodge's main competitors?
Named competitors: Financiere de l'Odet (ODET.PA), Bollore SE (BOL.PA). The cockpit's measured peer set (industry) also includes Dentsu (4324.T), JCDecaux (DEC.PA), WPP (WPP.L), BlueFocus Intelligent Communications (300058.SZ), Pattern (PTRN), Easy Click Worldwide Network Technology (301171.SZ).
Is Compagnie du Cambodge expensive compared with its peers?
On ev / sales it trades at 43.5× against a peer median of 0.9×, most expensive of 15 in its peer set. For today's price to make sense, revenue must grow about 56% a year for seven years (Req g). Recent delivered growth is +269%, so the hurdle is -213 pp: the price already allows for a slowdown.
How has Compagnie du Cambodge stock performed?
Over six months to 6 Nov 2026 the shares returned -10.6% against +6.4% for the median peer; over one year -4.1%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.