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 283 industry peers in the Software industry. DSP has an excellent financial health rating, but there are some minor concerns on its profitability. DSP is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year DSP was profitable.
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.
DSP had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
DSP has a better Return On Assets (0.54%) than 67.14% of its industry peers.
DSP has a better Return On Equity (5.81%) than 71.73% of its industry peers.
DSP's Return On Invested Capital of 1.23% is fine compared to the rest of the industry. DSP outperforms 66.78% 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
DSP has a Profit Margin of 0.69%. This is in the better half of the industry: DSP outperforms 66.08% of its industry peers.
In the last couple of years the Profit Margin of DSP has declined.
DSP's Operating Margin of 1.41% is fine compared to the rest of the industry. DSP outperforms 65.37% of its industry peers.
In the last couple of years the Operating Margin of DSP has declined.
Looking at the Gross Margin, with a value of 45.39%, DSP is doing worse than 69.96% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so DSP is destroying value.
The number of shares outstanding for DSP remains at a similar level compared to 1 year ago.
DSP has more shares outstanding than it did 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
An Altman-Z score of 2.73 indicates that DSP is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a Altman-Z score value of 2.73, DSP perfoms like the industry average, outperforming 57.24% of the companies in the same industry.
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 | 2.73 |
ROIC/WACC0.11
WACC10.96%
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.
Looking at the Current ratio, with a value of 2.71, DSP is in the better half of the industry, outperforming 72.08% of the companies in the same industry.
DSP has a Quick Ratio of 2.71. This indicates that DSP is financially healthy and has no problem in meeting its short term obligations.
DSP has a Quick ratio of 2.71. This is in the better half of the industry: DSP outperforms 72.44% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.71 | ||
| Quick Ratio | 2.71 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 200.00% over the past year.
Measured over the past years, DSP shows a decrease in Earnings Per Share. The EPS has been decreasing by -5.11% on average per year.
DSP shows a strong growth in Revenue. In the last year, the Revenue has grown by 30.64%.
The Revenue has been growing by 11.89% on average over the past years. This is quite good.
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 45.87% on average per year.
DSP is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.52% yearly.
EPS Next Y-5.66%
EPS Next 2Y51.57%
EPS Next 3Y65.64%
EPS Next 5Y45.87%
Revenue Next Year20.63%
Revenue Next 2Y17.55%
Revenue Next 3Y17.72%
Revenue Next 5Y10.52%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 115.83, which means the current valuation is very expensive for DSP.
DSP's Price/Earnings ratio is in line with the industry average.
The average S&P500 Price/Earnings ratio is at 26.03. DSP is valued rather expensively when compared to this.
Based on the Price/Forward Earnings ratio of 46.54, the valuation of DSP can be described as expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as DSP.
When comparing the Price/Forward Earnings ratio of DSP to the average of the S&P500 Index (21.94), we can say DSP is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 115.83 | ||
| Fwd PE | 46.54 |
4.2 Price Multiples
DSP's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. DSP is cheaper than 73.50% of the companies in the same industry.
DSP's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. DSP is cheaper than 69.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.53 | ||
| EV/EBITDA | 35.68 |
4.3 Compensation for Growth
DSP's earnings are expected to grow with 65.64% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y51.57%
EPS Next 3Y65.64%
5. Dividend
5.1 Amount
No dividends for DSP!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
13.9
-0.75 (-5.12%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners62.48%
Inst Owner Change11.95%
Ins Owners6.31%
Ins Owner Change-13.2%
Market Cap874.17M
Analysts80
Price Target22.31 (60.5%)
Short Float %7.94%
Short Ratio2.69
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)-4.89%
PT rev (3m)-0.57%
EPS NQ rev (1m)48.59%
EPS NQ rev (3m)-119.78%
EPS NY rev (1m)4.08%
EPS NY rev (3m)-54.05%
Revenue NQ rev (1m)-1.97%
Revenue NQ rev (3m)2.46%
Revenue NY rev (1m)0.93%
Revenue NY rev (3m)7.05%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 115.83 | ||
| Fwd PE | 46.54 | ||
| P/S | 2.85 | ||
| P/FCF | 33.53 | ||
| P/OCF | 20.11 | ||
| P/B | 23.98 | ||
| P/tB | 63.22 | ||
| EV/EBITDA | 35.68 |
EPS(TTM)0.12
EY0.86%
EPS(NY)0.3
Fwd EY2.15%
FCF(TTM)0.41
FCFY2.98%
OCF(TTM)0.69
OCFY4.97%
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 | 2.73 |
F-Score7
WACC10.96%
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-5.66%
EPS Next 2Y51.57%
EPS Next 3Y65.64%
EPS Next 5Y45.87%
Revenue 1Y (TTM)30.64%
Revenue growth 3Y8.88%
Revenue growth 5Y11.89%
Sales Q2Q%32.31%
Revenue Next Year20.63%
Revenue Next 2Y17.55%
Revenue Next 3Y17.72%
Revenue Next 5Y10.52%
EBIT growth 1Y133.47%
EBIT growth 3YN/A
EBIT growth 5Y-22.94%
EBIT Next Year1313.04%
EBIT Next 3Y190.95%
EBIT Next 5Y89.77%
FCF growth 1Y204%
FCF growth 3Y16.9%
FCF growth 5Y21.96%
OCF growth 1Y377.45%
OCF growth 3Y21.77%
OCF growth 5Y31.77%