OMC – Market expectations are for Uniform ROA regression, but management is confident about their competitive position, acquisition opportunities, and margins

• Omnicom Group Inc. (OMC:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 13.2x Uniform P/E, implying bearish expectations for the firm. However, management is confident about their competitive position, acquisition opportunities, and margins
• Specifically, management is confident they are in a very strong competitive position and that they remain focused on their key strategic objectives. Furthermore, they are confident they will continue to pursue attractive acquisition opportunities and that their capital allocation policy is as consistent as possible. Additionally, they are confident their EBIT for the Q3 2019 was $473mn and their operating margin grew to 13.1%.