VIVENDI SE (VIV.PA)
FR0000127771 - Common Stock
Taking everything into account, VIV scores 3 out of 10 in our fundamental rating. VIV was compared to 65 industry peers in the Media industry. VIV has a medium profitability rating, but doesn't score so well on its financial health evaluation. VIV has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year VIV was profitable.
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 1.06% is on the low side compared to the rest of the industry. VIV is outperformed by 61.90% of its industry peers.
Looking at the Return On Equity, with a value of 2.37%, VIV is in line with its industry, outperforming 44.44% of the companies in the same industry.
With a Return On Invested Capital value of 2.03%, VIV perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for VIV is significantly below the industry average of 7.48%.
The last Return On Invested Capital (2.03%) for VIV is above the 3 year average (1.81%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.06% | ||
| ROE | 2.37% | ||
| ROIC | 2.03% |
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's Profit Margin of 3.85% is in line compared to the rest of the industry. VIV outperforms 47.62% of its industry peers.
VIV's Profit Margin has improved in the last couple of years.
With a Operating Margin value of 6.48%, VIV perfoms like the industry average, outperforming 53.97% of the companies in the same industry.
VIV's Operating Margin has declined in the last couple of years.
The Gross Margin of VIV (45.83%) is worse than 61.90% of its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so VIV is destroying value.
The number of shares outstanding for VIV remains at a similar level compared to 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 0.90, we must say that VIV is in the distress zone and has some risk of bankruptcy.
The Altman-Z score of VIV (0.90) is worse than 66.67% of its industry peers.
VIV has a debt to FCF ratio of 16.64. This is a negative value and a sign of low solvency as VIV would need 16.64 years to pay back of all of its debts.
The Debt to FCF ratio of VIV (16.64) is worse than 68.25% of its industry peers.
A Debt/Equity ratio of 0.31 indicates that VIV is not too dependend on debt financing.
VIV's Debt to Equity ratio of 0.31 is fine compared to the rest of the industry. VIV outperforms 73.02% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.31 | ||
| Debt/FCF | 16.64 | ||
| Altman-Z | 0.9 |
ROIC/WACC0.34
WACC5.93%
2.3 Liquidity
VIV has a Current Ratio of 0.76. This is a bad value and indicates that VIV is not financially healthy enough and could expect problems in meeting its short term obligations.
The Current ratio of VIV (0.76) is worse than 63.49% of its industry peers.
VIV has a Quick Ratio of 0.76. This is a bad value and indicates that VIV is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of VIV (0.69) is worse than 69.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.69 |
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.
Measured over the past years, VIV shows a very strong growth in Earnings Per Share. The EPS has been growing by 31.28% on average per year.
VIV shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 9.54%.
The Revenue has been decreasing by -5.48% on average over the past years.
EPS 1Y (TTM)140.21%
EPS 3Y-32.36%
EPS 5Y31.28%
EPS growth Q2Q115.38%
Revenue 1Y (TTM)9.54%
Revenue growth 3Y6.63%
Revenue growth 5Y-5.48%
Revenue growth Q2Q23.08%
3.2 Future
Based on estimates for the next years, VIV will show a decrease in Earnings Per Share. The EPS will decrease by -4.60% on average per year.
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 Y25.58%
EPS Next 2Y18.17%
EPS Next 3Y18.91%
EPS Next 5Y-4.6%
Revenue Next Year75.44%
Revenue Next 2Y34.13%
Revenue Next 3Y24.9%
Revenue Next 5Y0.44%
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 decreasing.
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 24.94 indicates a rather expensive valuation of VIV.
The rest of the industry has a similar Price/Earnings ratio as VIV.
VIV's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.05.
Based on the Price/Forward Earnings ratio of 11.96, the valuation of VIV can be described as reasonable.
Based on the Price/Forward Earnings ratio, VIV is valued a bit cheaper than 63.49% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.53, VIV is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.94 | ||
| Fwd PE | 11.96 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VIV is on the same level as its industry peers.
VIV's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.26 | ||
| EV/EBITDA | 12.9 |
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.
A more expensive valuation may be justified as VIV's earnings are expected to grow with 18.91% in the coming years.
PEG (NY)0.98
PEG (5Y)0.8
EPS Next 2Y18.17%
EPS Next 3Y18.91%
5. Dividend
5.1 Amount
VIV has a Yearly Dividend Yield of 2.50%.
Compared to an average industry Dividend Yield of 4.34, VIV pays a bit more dividend than its industry peers.
VIV's Dividend Yield is comparable with the S&P500 average which is at 2.39.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
5.2 History
The dividend of VIV decreases each year by -11.11%.
Dividend Growth(5Y)-11.11%
Div Incr Years0
Div Non Decr Years1
5.3 Sustainability
VIV pays out 63.21% of its income as dividend. 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.
DP63.21%
EPS Next 2Y18.17%
EPS Next 3Y18.91%
VIVENDI SE
EPA:VIV (4/16/2024, 5:29:50 PM)
9.728
-0.21 (-2.07%)
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 Cap9.97B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.5% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
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Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 24.94 | ||
| Fwd PE | 11.96 | ||
| 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)0.98
PEG (5Y)0.8
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.06% | ||
| ROE | 2.37% | ||
| 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 | 0.31 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.76 | ||
| Quick Ratio | 0.69 | ||
| 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)
Growth
EPS 1Y (TTM)140.21%
EPS 3Y-32.36%
EPS 5Y
EPS growth Q2Q
EPS Next Y25.58%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)9.54%
Revenue growth 3Y6.63%
Revenue growth 5Y
Revenue growth 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
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