Intrinsic value of Omnicom Group - OMC

Previous Close

$77.07

  Intrinsic Value

$166.38

stock screener

  Rating & Target

str. buy

+116%

Previous close

$77.07

 
Intrinsic value

$166.38

 
Up/down potential

+116%

 
Rating

str. buy

We calculate the intrinsic value of OMC stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 17.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  15,579
  15,937
  16,347
  16,807
  17,316
  17,875
  18,484
  19,143
  19,853
  20,615
  21,430
  22,300
  23,226
  24,210
  25,254
  26,361
  27,533
  28,772
  30,081
  31,463
  32,921
  34,459
  36,080
  37,788
  39,587
  41,482
  43,475
  45,573
  47,780
  50,102
Variable operating expenses, $m
  13,534
  13,823
  14,154
  14,525
  14,935
  15,386
  15,877
  16,409
  16,981
  17,596
  17,282
  17,984
  18,731
  19,524
  20,367
  21,259
  22,204
  23,203
  24,259
  25,373
  26,549
  27,790
  29,097
  30,475
  31,925
  33,453
  35,061
  36,753
  38,532
  40,405
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  13,534
  13,823
  14,154
  14,525
  14,935
  15,386
  15,877
  16,409
  16,981
  17,596
  17,282
  17,984
  18,731
  19,524
  20,367
  21,259
  22,204
  23,203
  24,259
  25,373
  26,549
  27,790
  29,097
  30,475
  31,925
  33,453
  35,061
  36,753
  38,532
  40,405
Operating income, $m
  2,045
  2,114
  2,193
  2,282
  2,381
  2,489
  2,607
  2,735
  2,872
  3,019
  4,148
  4,316
  4,495
  4,686
  4,888
  5,102
  5,329
  5,569
  5,822
  6,090
  6,372
  6,669
  6,983
  7,314
  7,662
  8,029
  8,414
  8,821
  9,248
  9,697
EBITDA, $m
  3,201
  3,274
  3,358
  3,453
  3,558
  3,672
  3,798
  3,933
  4,079
  4,235
  4,403
  4,581
  4,772
  4,974
  5,188
  5,416
  5,657
  5,911
  6,180
  6,464
  6,764
  7,080
  7,413
  7,764
  8,133
  8,522
  8,932
  9,363
  9,816
  10,293
Interest expense (income), $m
  570
  266
  289
  317
  350
  386
  426
  470
  518
  570
  626
  686
  750
  819
  892
  970
  1,052
  1,139
  1,232
  1,329
  1,432
  1,541
  1,656
  1,778
  1,906
  2,040
  2,182
  2,331
  2,489
  2,654
  2,828
Earnings before tax, $m
  1,779
  1,825
  1,876
  1,933
  1,995
  2,063
  2,137
  2,216
  2,302
  2,393
  3,462
  3,566
  3,676
  3,794
  3,918
  4,050
  4,190
  4,337
  4,493
  4,657
  4,830
  5,013
  5,206
  5,408
  5,622
  5,847
  6,083
  6,332
  6,594
  6,869
Tax expense, $m
  480
  493
  506
  522
  539
  557
  577
  598
  621
  646
  935
  963
  993
  1,024
  1,058
  1,094
  1,131
  1,171
  1,213
  1,257
  1,304
  1,354
  1,405
  1,460
  1,518
  1,579
  1,642
  1,710
  1,780
  1,855
Net income, $m
  1,298
  1,332
  1,369
  1,411
  1,456
  1,506
  1,560
  1,618
  1,680
  1,747
  2,527
  2,603
  2,684
  2,769
  2,860
  2,957
  3,058
  3,166
  3,280
  3,400
  3,526
  3,660
  3,800
  3,948
  4,104
  4,268
  4,441
  4,622
  4,813
  5,014

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  25,414
  25,999
  26,667
  27,417
  28,249
  29,161
  30,154
  31,229
  32,387
  33,630
  34,959
  36,378
  37,889
  39,495
  41,198
  43,004
  44,915
  46,936
  49,071
  51,326
  53,705
  56,214
  58,859
  61,645
  64,580
  67,670
  70,922
  74,344
  77,945
  81,732
Adjusted assets (=assets-cash), $m
  25,414
  25,999
  26,667
  27,417
  28,249
  29,161
  30,154
  31,229
  32,387
  33,630
  34,959
  36,378
  37,889
  39,495
  41,198
  43,004
  44,915
  46,936
  49,071
  51,326
  53,705
  56,214
  58,859
  61,645
  64,580
  67,670
  70,922
  74,344
  77,945
  81,732
Revenue / Adjusted assets
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
  0.613
Average production assets, $m
  5,562
  5,690
  5,836
  6,000
  6,182
  6,382
  6,599
  6,834
  7,088
  7,360
  7,651
  7,961
  8,292
  8,643
  9,016
  9,411
  9,829
  10,271
  10,739
  11,232
  11,753
  12,302
  12,881
  13,490
  14,133
  14,809
  15,521
  16,270
  17,058
  17,886
Working capital, $m
  -4,876
  -4,988
  -5,117
  -5,261
  -5,420
  -5,595
  -5,786
  -5,992
  -6,214
  -6,453
  -6,708
  -6,980
  -7,270
  -7,578
  -7,905
  -8,251
  -8,618
  -9,006
  -9,415
  -9,848
  -10,304
  -10,786
  -11,293
  -11,828
  -12,391
  -12,984
  -13,608
  -14,264
  -14,955
  -15,682
Total debt, $m
  5,355
  5,878
  6,476
  7,147
  7,891
  8,707
  9,596
  10,558
  11,595
  12,707
  13,897
  15,167
  16,519
  17,956
  19,481
  21,097
  22,807
  24,616
  26,527
  28,545
  30,675
  32,920
  35,287
  37,781
  40,407
  43,173
  46,084
  49,147
  52,369
  55,759
Total liabilities, $m
  22,746
  23,269
  23,867
  24,539
  25,282
  26,099
  26,988
  27,950
  28,986
  30,099
  31,289
  32,559
  33,911
  35,348
  36,872
  38,488
  40,199
  42,008
  43,919
  45,937
  48,066
  50,312
  52,678
  55,172
  57,799
  60,564
  63,475
  66,538
  69,761
  73,150
Total equity, $m
  2,669
  2,730
  2,800
  2,879
  2,966
  3,062
  3,166
  3,279
  3,401
  3,531
  3,671
  3,820
  3,978
  4,147
  4,326
  4,515
  4,716
  4,928
  5,152
  5,389
  5,639
  5,902
  6,180
  6,473
  6,781
  7,105
  7,447
  7,806
  8,184
  8,582
Total liabilities and equity, $m
  25,415
  25,999
  26,667
  27,418
  28,248
  29,161
  30,154
  31,229
  32,387
  33,630
  34,960
  36,379
  37,889
  39,495
  41,198
  43,003
  44,915
  46,936
  49,071
  51,326
  53,705
  56,214
  58,858
  61,645
  64,580
  67,669
  70,922
  74,344
  77,945
  81,732
Debt-to-equity ratio
  2.010
  2.150
  2.310
  2.480
  2.660
  2.840
  3.030
  3.220
  3.410
  3.600
  3.790
  3.970
  4.150
  4.330
  4.500
  4.670
  4.840
  4.990
  5.150
  5.300
  5.440
  5.580
  5.710
  5.840
  5.960
  6.080
  6.190
  6.300
  6.400
  6.500
Adjusted equity ratio
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105
  0.105

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,298
  1,332
  1,369
  1,411
  1,456
  1,506
  1,560
  1,618
  1,680
  1,747
  2,527
  2,603
  2,684
  2,769
  2,860
  2,957
  3,058
  3,166
  3,280
  3,400
  3,526
  3,660
  3,800
  3,948
  4,104
  4,268
  4,441
  4,622
  4,813
  5,014
Depreciation, amort., depletion, $m
  1,156
  1,160
  1,165
  1,171
  1,177
  1,183
  1,191
  1,198
  1,207
  1,216
  255
  265
  276
  288
  301
  314
  328
  342
  358
  374
  392
  410
  429
  450
  471
  494
  517
  542
  569
  596
Funds from operations, $m
  2,454
  2,492
  2,535
  2,581
  2,633
  2,689
  2,750
  2,816
  2,887
  2,963
  2,782
  2,868
  2,960
  3,058
  3,161
  3,270
  3,386
  3,508
  3,638
  3,774
  3,918
  4,070
  4,229
  4,398
  4,575
  4,762
  4,958
  5,165
  5,382
  5,611
Change in working capital, $m
  -96
  -112
  -128
  -144
  -159
  -175
  -191
  -206
  -222
  -238
  -255
  -272
  -290
  -308
  -327
  -346
  -367
  -388
  -410
  -433
  -456
  -481
  -507
  -535
  -563
  -593
  -624
  -657
  -691
  -727
Cash from operations, $m
  2,550
  2,605
  2,663
  2,725
  2,792
  2,864
  2,941
  3,023
  3,109
  3,201
  3,037
  3,141
  3,250
  3,366
  3,488
  3,617
  3,753
  3,896
  4,047
  4,207
  4,374
  4,551
  4,737
  4,932
  5,138
  5,355
  5,582
  5,821
  6,073
  6,337
Maintenance CAPEX, $m
  -182
  -185
  -190
  -195
  -200
  -206
  -213
  -220
  -228
  -236
  -245
  -255
  -265
  -276
  -288
  -301
  -314
  -328
  -342
  -358
  -374
  -392
  -410
  -429
  -450
  -471
  -494
  -517
  -542
  -569
New CAPEX, $m
  -102
  -128
  -146
  -164
  -182
  -200
  -217
  -235
  -253
  -272
  -291
  -311
  -331
  -351
  -373
  -395
  -418
  -442
  -467
  -493
  -521
  -549
  -579
  -610
  -642
  -676
  -712
  -749
  -788
  -829
Cash from investing activities, $m
  -284
  -313
  -336
  -359
  -382
  -406
  -430
  -455
  -481
  -508
  -536
  -566
  -596
  -627
  -661
  -696
  -732
  -770
  -809
  -851
  -895
  -941
  -989
  -1,039
  -1,092
  -1,147
  -1,206
  -1,266
  -1,330
  -1,398
Free cash flow, $m
  2,267
  2,291
  2,327
  2,367
  2,411
  2,459
  2,511
  2,567
  2,628
  2,693
  2,501
  2,575
  2,654
  2,738
  2,827
  2,921
  3,021
  3,126
  3,238
  3,355
  3,479
  3,610
  3,748
  3,893
  4,046
  4,207
  4,377
  4,555
  4,743
  4,940
Issuance/(repayment) of debt, $m
  430
  523
  598
  671
  744
  816
  889
  962
  1,037
  1,112
  1,190
  1,270
  1,352
  1,437
  1,525
  1,616
  1,710
  1,809
  1,911
  2,018
  2,129
  2,246
  2,367
  2,494
  2,627
  2,765
  2,911
  3,063
  3,222
  3,389
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  430
  523
  598
  671
  744
  816
  889
  962
  1,037
  1,112
  1,190
  1,270
  1,352
  1,437
  1,525
  1,616
  1,710
  1,809
  1,911
  2,018
  2,129
  2,246
  2,367
  2,494
  2,627
  2,765
  2,911
  3,063
  3,222
  3,389
Total cash flow (excl. dividends), $m
  2,696
  2,814
  2,925
  3,038
  3,155
  3,275
  3,400
  3,529
  3,665
  3,806
  3,691
  3,845
  4,006
  4,175
  4,352
  4,537
  4,731
  4,935
  5,149
  5,373
  5,609
  5,856
  6,115
  6,387
  6,673
  6,973
  7,288
  7,618
  7,965
  8,329
Retained Cash Flow (-), $m
  -53
  -61
  -70
  -79
  -87
  -96
  -104
  -113
  -122
  -131
  -140
  -149
  -159
  -169
  -179
  -190
  -201
  -212
  -224
  -237
  -250
  -263
  -278
  -293
  -308
  -324
  -341
  -359
  -378
  -398
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  2,643
  2,753
  2,855
  2,959
  3,067
  3,179
  3,295
  3,417
  3,543
  3,675
  3,551
  3,696
  3,847
  4,006
  4,173
  4,347
  4,531
  4,723
  4,925
  5,136
  5,359
  5,592
  5,837
  6,095
  6,365
  6,648
  6,946
  7,259
  7,587
  7,932
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  2,534
  2,520
  2,484
  2,437
  2,377
  2,307
  2,226
  2,135
  2,035
  1,927
  1,686
  1,577
  1,463
  1,345
  1,225
  1,105
  986
  870
  758
  653
  554
  464
  383
  310
  248
  194
  149
  112
  83
  60
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Omnicom Group Inc. is a holding company. The Company provides advertising, marketing and corporate communications services. The Company's branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications. The Company caters to various industry sectors, such as food and beverage, consumer products, pharmaceuticals and healthcare, financial services, technology, travel and entertainment, telecommunications and retail. The Company's branded networks and agencies conduct business on a global basis and operate in the geographic regions, such as The Americas, which includes North America and Latin America; EMEA, which includes Europe, the Middle East and Africa, and Asia Pacific, which includes Australia, China, India, Japan, Korea, New Zealand, Singapore and other Asian countries.

FINANCIAL RATIOS  of  Omnicom Group (OMC)

Valuation Ratios
P/E Ratio 15.7
Price to Sales 1.2
Price to Book 8.4
Price to Tangible Book
Price to Cash Flow 9.4
Price to Free Cash Flow 10.2
Growth Rates
Sales Growth Rate 1.9%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -18.2%
Cap. Spend. - 3 Yr. Gr. Rate -4.8%
Financial Strength
Quick Ratio 104
Current Ratio 0.1
LT Debt to Equity 227.6%
Total Debt to Equity 228.9%
Interest Coverage 4
Management Effectiveness
Return On Assets 6.8%
Ret/ On Assets - 3 Yr. Avg. 6%
Return On Total Capital 16.3%
Ret/ On T. Cap. - 3 Yr. Avg. 15.4%
Return On Equity 49.8%
Return On Equity - 3 Yr. Avg. 41.8%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 25.7%
Gross Margin - 3 Yr. Avg. 25.5%
EBITDA Margin 17.5%
EBITDA Margin - 3 Yr. Avg. 15.8%
Operating Margin 13%
Oper. Margin - 3 Yr. Avg. 12.8%
Pre-Tax Margin 11.9%
Pre-Tax Margin - 3 Yr. Avg. 11.8%
Net Profit Margin 7.5%
Net Profit Margin - 3 Yr. Avg. 7.3%
Effective Tax Rate 32.6%
Eff/ Tax Rate - 3 Yr. Avg. 32.7%
Payout Ratio 44%

OMC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OMC stock intrinsic value calculation we used $15273.6 million for the last fiscal year's total revenue generated by Omnicom Group. The default revenue input number comes from 0001 income statement of Omnicom Group. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our OMC stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for OMC is calculated based on our internal credit rating of Omnicom Group, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Omnicom Group.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of OMC stock the variable cost ratio is equal to 87%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for OMC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Omnicom Group.

Corporate tax rate of 27% is the nominal tax rate for Omnicom Group. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the OMC stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for OMC are equal to 35.7%.

Life of production assets of 36.3 years is the average useful life of capital assets used in Omnicom Group operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for OMC is equal to -31.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $2615.1 million for Omnicom Group - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 224.373 million for Omnicom Group is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Omnicom Group at the current share price and the inputted number of shares is $17.3 billion.

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COMPANY NEWS

▶ Home Instead Senior Care waxes sentimental in ad from Energy BBDO   [Oct-18-18 03:41PM  American City Business Journals]
▶ Omnicom Gets a Boost from Increase in Client Spending   [Oct-16-18 02:47PM  The Wall Street Journal]
▶ Omnicom: 3Q Earnings Snapshot   [06:53AM  Associated Press]
▶ Omnicom Group Inc to Host Earnings Call   [06:30AM  ACCESSWIRE]
▶ Omnicom Announces Dennis Hewitt Steps Down as Treasurer   [Oct-12-18 04:53PM  PR Newswire]
▶ The ICON Digital Department is Expanding   [09:21AM  PR Newswire]
▶ Ford Taps Omnicoms BBDO as Its Lead Creative Ad Agency   [Oct-08-18 08:43PM  The Wall Street Journal]
▶ Laughlin Constable brings aboard creative veteran for top post   [03:43PM  American City Business Journals]
▶ Ford Taps Omnicom's BBDO for Key Ad Role   [03:06PM  The Wall Street Journal]
▶ DDB Chicago moves to new address as Omnicom Group consolidates   [Oct-03-18 03:53PM  American City Business Journals]
▶ McDonald's ad shop We Are Unlimited adds production chief   [01:45PM  American City Business Journals]
▶ [$$] Federal Prosecutors Probe Ad Industrys Media-Buying Practices   [Sep-27-18 07:43PM  The Wall Street Journal]
▶ [$$] U.S. Probes Ad Industry's Media-Buying Practices   [03:53PM  The Wall Street Journal]
▶ Growing DDB Chicago hires chief strategy officer   [Sep-21-18 02:50PM  American City Business Journals]
▶ Dawn Gipson champions diversity at PR giant FleishmanHillard   [Sep-14-18 06:00AM  American City Business Journals]
▶ McDonald's trots out grandma (again) to tout glazed chicken tenders   [Aug-30-18 03:13PM  American City Business Journals]
▶ Smoothie King Chooses Rodgers Townsend After Review   [Aug-27-18 09:06AM  GlobeNewswire]
▶ Omnicom Group Inc (NYSE:OMC): Did It Outperform The Industry?   [Aug-21-18 02:55PM  Simply Wall St.]
▶ Clemenger BBDO Buys Levo Digital   [Aug-15-18 03:15PM  PR Newswire]
▶ TracyLocke Takes Home 2018 Change Agency Award   [Aug-07-18 02:33PM  PR Newswire]
▶ McDonald's We Are Unlimited agency growing its creative ranks   [Aug-03-18 01:12PM  American City Business Journals]
▶ Addison 'martech' company acquired by Omnicom Group   [Aug-02-18 03:50PM  American City Business Journals]
▶ Ad Giant Omnicom Agrees to Buy Small Consulting Firm   [07:40AM  The Wall Street Journal]
▶ Pearle Vision, Energy BBDO tell heartwarming story about Olivia   [Jul-30-18 03:02PM  American City Business Journals]
▶ Omnicom Group Inc. Declares Dividend   [Jul-19-18 04:15PM  PR Newswire]
▶ Omnicom's on Sale   [Jul-18-18 07:00AM  Morningstar]
▶ Omnicom Underwhelms With Soft Organic Growth   [Jul-17-18 09:40PM  Motley Fool]
▶ [$$] Omnicom Boosts Data Effort With Digital Platform   [08:11PM  The Wall Street Journal]
▶ Omnicom: 2Q Earnings Snapshot   [06:53AM  Associated Press]
▶ Omnicom Group Inc to Host Earnings Call   [06:30AM  ACCESSWIRE]
▶ TBWA Elevates Deb Haimes to Managing Director of Engage   [Jul-12-18 02:04PM  PR Newswire]
▶ Omnicom Boosts Data Effort With New Marketing Platform   [07:00AM  The Wall Street Journal]

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