VIANT TECHNOLOGY INC-A (DSP) Stock Fundamental Analysis
NASDAQ:DSP - Nasdaq - US92557A1016 - Common Stock - Currency: USD
We assign a fundamental rating of 5 out of 10 to DSP. DSP was compared to 282 industry peers in the Software industry. While DSP has a great health rating, its profitability is only average at the moment. DSP is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
DSP had positive earnings in the past year.
In the past year DSP had a positive cash flow from operations.
In multiple years DSP reported negative net income over the last 5 years.
Of the past 5 years DSP 4 years had a positive operating cash flow.
1.2 Ratios
DSP has a Return On Assets of 0.54%. This is in the better half of the industry: DSP outperforms 66.31% of its industry peers.
DSP has a better Return On Equity (5.81%) than 74.11% of its industry peers.
The Return On Invested Capital of DSP (1.23%) is better than 66.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.54% | ||
| ROE | 5.81% | ||
| ROIC | 1.23% |
ROA(3y)-1.15%
ROA(5y)0.6%
ROE(3y)-6.93%
ROE(5y)1.47%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Profit Margin of DSP (0.69%) is better than 65.96% of its industry peers.
DSP's Profit Margin has declined in the last couple of years.
With a decent Operating Margin value of 1.41%, DSP is doing good in the industry, outperforming 64.89% of the companies in the same industry.
DSP's Operating Margin has declined in the last couple of years.
DSP has a Gross Margin of 45.39%. This is in the lower half of the industry: DSP underperforms 70.21% of its industry peers.
DSP's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 1.41% | ||
| PM (TTM) | 0.69% | ||
| GM | 45.39% |
OM growth 3YN/A
OM growth 5Y-31.13%
PM growth 3YN/A
PM growth 5Y-30.98%
GM growth 3Y2.69%
GM growth 5Y1.24%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), DSP is destroying value.
The number of shares outstanding for DSP remains at a similar level compared to 1 year ago.
The number of shares outstanding for DSP has been increased compared to 5 years ago.
There is no outstanding debt for DSP. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
DSP has an Altman-Z score of 2.63. This is not the best score and indicates that DSP is in the grey zone with still only limited risk for bankruptcy at the moment.
DSP has a Altman-Z score (2.63) which is in line with its industry peers.
DSP has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 2.63 |
ROIC/WACC0.11
WACC10.94%
2.3 Liquidity
DSP has a Current Ratio of 2.71. This indicates that DSP is financially healthy and has no problem in meeting its short term obligations.
The Current ratio of DSP (2.71) is better than 73.76% of its industry peers.
A Quick Ratio of 2.71 indicates that DSP has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.71, DSP is in the better half of the industry, outperforming 74.11% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.71 | ||
| Quick Ratio | 2.71 |
3. Growth
3.1 Past
DSP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 200.00%, which is quite impressive.
The Earnings Per Share has been decreasing by -5.11% on average over the past years.
The Revenue has grown by 30.64% in the past year. This is a very strong growth!
DSP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.89% yearly.
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5Y-5.11%
EPS Q2Q%-16.67%
Revenue 1Y (TTM)30.64%
Revenue growth 3Y8.88%
Revenue growth 5Y11.89%
Sales Q2Q%32.31%
3.2 Future
Based on estimates for the next years, DSP will show a very strong growth in Earnings Per Share. The EPS will grow by 44.11% on average per year.
The Revenue is expected to grow by 10.49% on average over the next years. This is quite good.
EPS Next Y-13.57%
EPS Next 2Y49.45%
EPS Next 3Y67.05%
EPS Next 5Y44.11%
Revenue Next Year19.71%
Revenue Next 2Y17.82%
Revenue Next 3Y17.72%
Revenue Next 5Y10.49%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 107.75 indicates a quite expensive valuation of DSP.
The rest of the industry has a similar Price/Earnings ratio as DSP.
Compared to an average S&P500 Price/Earnings ratio of 27.30, DSP is valued quite expensively.
Based on the Price/Forward Earnings ratio of 44.53, the valuation of DSP can be described as expensive.
DSP's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.76. DSP is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 107.75 | ||
| Fwd PE | 44.53 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DSP indicates a somewhat cheap valuation: DSP is cheaper than 73.76% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, DSP is valued a bit cheaper than the industry average as 72.69% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.19 | ||
| EV/EBITDA | 32.65 |
4.3 Compensation for Growth
DSP's earnings are expected to grow with 67.05% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y49.45%
EPS Next 3Y67.05%
5. Dividend
5.1 Amount
DSP does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
12.93
-0.71 (-5.21%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners65.28%
Inst Owner Change0.06%
Ins Owners8.59%
Ins Owner Change-8.42%
Market Cap813.17M
Analysts80
Price Target22.19 (71.62%)
Short Float %8.14%
Short Ratio5.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.13%
Min EPS beat(2)-19.41%
Max EPS beat(2)31.67%
EPS beat(4)2
Avg EPS beat(4)-2.38%
Min EPS beat(4)-100%
Max EPS beat(4)78.22%
EPS beat(8)6
Avg EPS beat(8)43.45%
EPS beat(12)7
Avg EPS beat(12)25.53%
EPS beat(16)10
Avg EPS beat(16)76.72%
Revenue beat(2)2
Avg Revenue beat(2)4.99%
Min Revenue beat(2)3.78%
Max Revenue beat(2)6.19%
Revenue beat(4)4
Avg Revenue beat(4)7.99%
Min Revenue beat(4)0.19%
Max Revenue beat(4)21.8%
Revenue beat(8)7
Avg Revenue beat(8)5.15%
Revenue beat(12)8
Avg Revenue beat(12)3.95%
Revenue beat(16)11
Avg Revenue beat(16)3.75%
PT rev (1m)-0.57%
PT rev (3m)-5.43%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-51.78%
EPS NY rev (1m)-8.38%
EPS NY rev (3m)-42.46%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.71%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.73%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 107.75 | ||
| Fwd PE | 44.53 | ||
| P/S | 2.65 | ||
| P/FCF | 31.19 | ||
| P/OCF | 18.7 | ||
| P/B | 22.31 | ||
| P/tB | 58.81 | ||
| EV/EBITDA | 32.65 |
EPS(TTM)0.12
EY0.93%
EPS(NY)0.29
Fwd EY2.25%
FCF(TTM)0.41
FCFY3.21%
OCF(TTM)0.69
OCFY5.35%
SpS4.87
BVpS0.58
TBVpS0.22
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.54% | ||
| ROE | 5.81% | ||
| ROCE | 1.55% | ||
| ROIC | 1.23% | ||
| ROICexc | 3.28% | ||
| ROICexgc | 4.19% | ||
| OM | 1.41% | ||
| PM (TTM) | 0.69% | ||
| GM | 45.39% | ||
| FCFM | 8.51% |
ROA(3y)-1.15%
ROA(5y)0.6%
ROE(3y)-6.93%
ROE(5y)1.47%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-52.49%
ROICexc growth 3YN/A
ROICexc growth 5Y-48.11%
OM growth 3YN/A
OM growth 5Y-31.13%
PM growth 3YN/A
PM growth 5Y-30.98%
GM growth 3Y2.69%
GM growth 5Y1.24%
F-Score7
Asset Turnover0.78
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 104.6% | ||
| Cap/Sales | 5.68% | ||
| Interest Coverage | 15.23 | ||
| Cash Conversion | 207.53% | ||
| Profit Quality | 1230.39% | ||
| Current Ratio | 2.71 | ||
| Quick Ratio | 2.71 | ||
| Altman-Z | 2.63 |
F-Score7
WACC10.94%
ROIC/WACC0.11
Cap/Depr(3y)88.84%
Cap/Depr(5y)67.39%
Cap/Sales(3y)5.55%
Cap/Sales(5y)4.04%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)200%
EPS 3YN/A
EPS 5Y-5.11%
EPS Q2Q%-16.67%
EPS Next Y-13.57%
EPS Next 2Y49.45%
EPS Next 3Y67.05%
EPS Next 5Y44.11%
Revenue 1Y (TTM)30.64%
Revenue growth 3Y8.88%
Revenue growth 5Y11.89%
Sales Q2Q%32.31%
Revenue Next Year19.71%
Revenue Next 2Y17.82%
Revenue Next 3Y17.72%
Revenue Next 5Y10.49%
EBIT growth 1Y133.47%
EBIT growth 3YN/A
EBIT growth 5Y-22.94%
EBIT Next Year1287.06%
EBIT Next 3Y185.6%
EBIT Next 5Y89.53%
FCF growth 1Y204%
FCF growth 3Y16.9%
FCF growth 5Y21.96%
OCF growth 1Y377.45%
OCF growth 3Y21.77%
OCF growth 5Y31.77%