VIVENDI SE (VIV.PA)
FR0000127771 - Common Stock
Overall VIV gets a fundamental rating of 3 out of 10. We evaluated VIV against 65 industry peers in the Media industry. While VIV is still in line with the averages on profitability rating, there are concerns on its financial health. VIV has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
VIV had positive earnings in the past year.
VIV had a positive operating cash flow in the past year.
VIV had positive earnings in 4 of the past 5 years.
In the past 5 years VIV always reported a positive cash flow from operatings.
1.2 Ratios
VIV's Return On Assets of 1.03% is on the low side compared to the rest of the industry. VIV is outperformed by 62.90% of its industry peers.
With a Return On Equity value of 2.39%, VIV is not doing good in the industry: 64.52% of the companies in the same industry are doing better.
VIV has a worse Return On Invested Capital (1.84%) than 70.97% of its industry peers.
The Average Return On Invested Capital over the past 3 years for VIV is significantly below the industry average of 8.74%.
The last Return On Invested Capital (1.84%) for VIV is above the 3 year average (1.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 2.39% | ||
| ROIC | 1.84% |
ROA(3y)23.94%
ROA(5y)15.97%
ROE(3y)42.21%
ROE(5y)29.22%
ROIC(3y)1.81%
ROIC(5y)2.17%
1.3 Margins
VIV has a Profit Margin (3.85%) which is in line with its industry peers.
In the last couple of years the Profit Margin of VIV has grown nicely.
Looking at the Operating Margin, with a value of 6.48%, VIV is in line with its industry, outperforming 51.61% of the companies in the same industry.
In the last couple of years the Operating Margin of VIV has declined.
VIV has a Gross Margin (45.83%) which is comparable to the rest of the industry.
VIV's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 6.48% | ||
| PM (TTM) | 3.85% | ||
| GM | 45.83% |
OM growth 3Y17.87%
OM growth 5Y-6.92%
PM growth 3Y-38.56%
PM growth 5Y33.42%
GM growth 3Y1.82%
GM growth 5Y0.23%
2. Health
2.1 Basic Checks
VIV has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
VIV has about the same amout of shares outstanding than it did 1 year ago.
Compared to 5 years ago, VIV has less shares outstanding
The debt/assets ratio for VIV is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 0.83, we must say that VIV is in the distress zone and has some risk of bankruptcy.
VIV has a worse Altman-Z score (0.83) than 74.19% of its industry peers.
The Debt to FCF ratio of VIV is 10.28, which is on the high side as it means it would take VIV, 10.28 years of fcf income to pay off all of its debts.
VIV has a Debt to FCF ratio of 10.28. This is in the lower half of the industry: VIV underperforms 62.90% of its industry peers.
A Debt/Equity ratio of 0.37 indicates that VIV is not too dependend on debt financing.
VIV has a Debt to Equity ratio (0.37) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 10.28 | ||
| Altman-Z | 0.83 |
ROIC/WACC0.31
WACC5.89%
2.3 Liquidity
A Current Ratio of 0.72 indicates that VIV may have some problems paying its short term obligations.
VIV has a worse Current ratio (0.72) than 74.19% of its industry peers.
VIV has a Quick Ratio of 0.72. This is a bad value and indicates that VIV is not financially healthy enough and could expect problems in meeting its short term obligations.
VIV has a Quick ratio of 0.64. This is in the lower half of the industry: VIV underperforms 74.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
VIV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 140.21%, which is quite impressive.
VIV shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 31.28% yearly.
The Revenue has grown by 9.54% in the past year. This is quite good.
VIV shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.48% yearly.
EPS 1Y (TTM)140.21%
EPS 3Y-32.36%
EPS 5Y31.28%
EPS Q2Q%-2.52%
Revenue 1Y (TTM)9.54%
Revenue growth 3Y6.63%
Revenue growth 5Y-5.48%
Sales Q2Q%275.91%
3.2 Future
The Earnings Per Share is expected to decrease by -4.60% on average over the next years.
Based on estimates for the next years, VIV will show a small growth in Revenue. The Revenue will grow by 0.44% on average per year.
EPS Next Y23.91%
EPS Next 2Y18.34%
EPS Next 3Y15.73%
EPS Next 5Y-4.6%
Revenue Next Year85.35%
Revenue Next 2Y38.12%
Revenue Next 3Y24.93%
Revenue Next 5Y0.44%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.44 indicates a rather expensive valuation of VIV.
61.29% of the companies in the same industry are cheaper than VIV, based on the Price/Earnings ratio.
VIV is valuated rather cheaply when we compare the Price/Earnings ratio to 29.48, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 9.65 indicates a reasonable valuation of VIV.
VIV's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. VIV is cheaper than 66.13% of the companies in the same industry.
VIV is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.95, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 9.65 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, VIV is valued a bit more expensive than the industry average as 64.52% of the companies are valued more cheaply.
VIV's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.03 | ||
| EV/EBITDA | 11.87 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
VIV's earnings are expected to grow with 15.73% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.94
PEG (5Y)0.72
EPS Next 2Y18.34%
EPS Next 3Y15.73%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.91%, VIV has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.76, VIV pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.19, VIV pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.91% |
5.2 History
The dividend of VIV decreases each year by -11.11%.
Dividend Growth(5Y)-11.11%
Div Incr Years0
Div Non Decr Years2
5.3 Sustainability
62.72% of the earnings are spent on dividend by VIV. This is not a sustainable payout ratio.
VIV's earnings and Dividend Rate are declining. This means the current dividend is most likely not sustainable.
DP62.72%
EPS Next 2Y18.34%
EPS Next 3Y15.73%
VIVENDI SE
EPA:VIV (12/6/2024, 7:00:00 PM)
8.752
+0.16 (+1.91%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap8.82B
Analysts
Price Target
Short Float %
Short Ratio
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.91% |
Dividend Growth(5Y)
DP
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Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue NQ rev (1m)
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Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 9.65 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.94
PEG (5Y)0.72
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 2.39% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 6.48% | ||
| PM (TTM) | 3.85% | ||
| GM | 45.83% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.64 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)140.21%
EPS 3Y-32.36%
EPS 5Y
EPS Q2Q%
EPS Next Y23.91%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.54%
Revenue growth 3Y6.63%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y