VIAVI SOLUTIONS INC (VIAV) Fundamental Analysis & Valuation

NASDAQ:VIAV • US9255501051

Current stock price

37.065 USD
+1.77 (+5%)
Last:

This VIAV fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

4

1. VIAV Profitability Analysis

1.1 Basic Checks

  • VIAV had positive earnings in the past year.
  • VIAV had a positive operating cash flow in the past year.
  • VIAV had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years VIAV had a positive operating cash flow.
VIAV Yearly Net Income VS EBIT VS OCF VS FCFVIAV Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M 200M

1.2 Ratios

  • Looking at the Return On Assets, with a value of -1.51%, VIAV is in line with its industry, outperforming 52.08% of the companies in the same industry.
  • VIAV's Return On Equity of -5.03% is in line compared to the rest of the industry. VIAV outperforms 45.83% of its industry peers.
  • VIAV has a Return On Invested Capital of 1.45%. This is comparable to the rest of the industry: VIAV outperforms 54.17% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for VIAV is significantly below the industry average of 10.22%.
Industry RankSector Rank
ROA -1.51%
ROE -5.03%
ROIC 1.45%
ROA(3y)0.55%
ROA(5y)1.19%
ROE(3y)1.46%
ROE(5y)3.1%
ROIC(3y)3.35%
ROIC(5y)5.84%
VIAV Yearly ROA, ROE, ROICVIAV Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • In the last couple of years the Profit Margin of VIAV has declined.
  • VIAV has a better Operating Margin (3.37%) than 60.42% of its industry peers.
  • VIAV's Operating Margin has declined in the last couple of years.
  • VIAV has a Gross Margin of 56.59%. This is in the better half of the industry: VIAV outperforms 75.00% of its industry peers.
  • In the last couple of years the Gross Margin of VIAV has remained more or less at the same level.
Industry RankSector Rank
OM 3.37%
PM (TTM) N/A
GM 56.59%
OM growth 3Y-27.88%
OM growth 5Y-12.89%
PM growth 3Y38.83%
PM growth 5Y-5.74%
GM growth 3Y-1.45%
GM growth 5Y-0.44%
VIAV Yearly Profit, Operating, Gross MarginsVIAV Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. VIAV Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), VIAV is destroying value.
  • Compared to 1 year ago, VIAV has more shares outstanding
  • VIAV has less shares outstanding than it did 5 years ago.
  • VIAV has a better debt/assets ratio than last year.
VIAV Yearly Shares OutstandingVIAV Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
VIAV Yearly Total Debt VS Total AssetsVIAV Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • VIAV has an Altman-Z score of -31.78. This is a bad value and indicates that VIAV is not financially healthy and even has some risk of bankruptcy.
  • VIAV has a worse Altman-Z score (-31.78) than 85.42% of its industry peers.
  • VIAV has a debt to FCF ratio of 16.40. This is a negative value and a sign of low solvency as VIAV would need 16.40 years to pay back of all of its debts.
  • The Debt to FCF ratio of VIAV (16.40) is comparable to the rest of the industry.
  • A Debt/Equity ratio of 1.48 is on the high side and indicates that VIAV has dependencies on debt financing.
  • VIAV has a Debt to Equity ratio of 1.48. This is amonst the worse of the industry: VIAV underperforms 85.42% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 16.4
Altman-Z -31.78
ROIC/WACC0.17
WACC8.53%
VIAV Yearly LT Debt VS Equity VS FCFVIAV Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 2.61 indicates that VIAV has no problem at all paying its short term obligations.
  • VIAV's Current ratio of 2.61 is fine compared to the rest of the industry. VIAV outperforms 62.50% of its industry peers.
  • VIAV has a Quick Ratio of 2.32. This indicates that VIAV is financially healthy and has no problem in meeting its short term obligations.
  • VIAV has a Quick ratio of 2.32. This is in the better half of the industry: VIAV outperforms 77.08% of its industry peers.
Industry RankSector Rank
Current Ratio 2.61
Quick Ratio 2.32
VIAV Yearly Current Assets VS Current LiabilitesVIAV Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. VIAV Growth Analysis

3.1 Past

  • VIAV shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 96.97%, which is quite impressive.
  • The Earnings Per Share has been decreasing by -8.43% on average over the past years.
  • The Revenue has grown by 23.51% in the past year. This is a very strong growth!
  • Measured over the past years, VIAV shows a decrease in Revenue. The Revenue has been decreasing by -0.93% on average per year.
EPS 1Y (TTM)96.97%
EPS 3Y-20.63%
EPS 5Y-8.43%
EPS Q2Q%69.23%
Revenue 1Y (TTM)23.51%
Revenue growth 3Y-5.68%
Revenue growth 5Y-0.93%
Sales Q2Q%36.37%

3.2 Future

  • VIAV is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 38.91% yearly.
  • VIAV is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 16.63% yearly.
EPS Next Y81.58%
EPS Next 2Y47.89%
EPS Next 3Y38.91%
EPS Next 5YN/A
Revenue Next Year35.82%
Revenue Next 2Y22.59%
Revenue Next 3Y16.63%
Revenue Next 5YN/A

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 accelerating.
VIAV Yearly Revenue VS EstimatesVIAV Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 500M 1B 1.5B
VIAV Yearly EPS VS EstimatesVIAV Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0.2 0.4 0.6 0.8 1

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3

4. VIAV Valuation Analysis

4.1 Price/Earnings Ratio

  • VIAV is valuated quite expensively with a Price/Earnings ratio of 57.02.
  • Compared to the rest of the industry, the Price/Earnings ratio of VIAV is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Earnings ratio of 25.51, VIAV is valued quite expensively.
  • A Price/Forward Earnings ratio of 36.06 indicates a quite expensive valuation of VIAV.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of VIAV is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of VIAV to the average of the S&P500 Index (22.76), we can say VIAV is valued expensively.
Industry RankSector Rank
PE 57.02
Fwd PE 36.06
VIAV Price Earnings VS Forward Price EarningsVIAV Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of VIAV is on the same level as its industry peers.
  • 60.42% of the companies in the same industry are cheaper than VIAV, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 108.98
EV/EBITDA 70.42
VIAV Per share dataVIAV EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4

4.3 Compensation for Growth

  • VIAV's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • VIAV's earnings are expected to grow with 38.91% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.7
PEG (5Y)N/A
EPS Next 2Y47.89%
EPS Next 3Y38.91%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. VIAV Dividend Analysis

5.1 Amount

  • No dividends for VIAV!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

VIAV Fundamentals: All Metrics, Ratios and Statistics

VIAVI SOLUTIONS INC

NASDAQ:VIAV (4/2/2026, 1:08:06 PM)

37.065

+1.77 (+5%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryCommunications Equipment
Earnings (Last)01-28
Earnings (Next)04-29
Inst Owners100.27%
Inst Owner Change-2.43%
Ins Owners1.3%
Ins Owner Change-21.41%
Market Cap8.58B
Revenue(TTM)1.24B
Net Income(TTM)-42.00M
Analysts84
Price Target31.55 (-14.88%)
Short Float %5.32%
Short Ratio2.06
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)2
Avg EPS beat(2)13.45%
Min EPS beat(2)11.29%
Max EPS beat(2)15.61%
EPS beat(4)4
Avg EPS beat(4)15.36%
Min EPS beat(4)10.7%
Max EPS beat(4)23.84%
EPS beat(8)6
Avg EPS beat(8)10.3%
EPS beat(12)8
Avg EPS beat(12)9.04%
EPS beat(16)11
Avg EPS beat(16)8.59%
Revenue beat(2)0
Avg Revenue beat(2)-0.63%
Min Revenue beat(2)-0.88%
Max Revenue beat(2)-0.38%
Revenue beat(4)0
Avg Revenue beat(4)-0.61%
Min Revenue beat(4)-1.03%
Max Revenue beat(4)-0.13%
Revenue beat(8)1
Avg Revenue beat(8)-0.96%
Revenue beat(12)2
Avg Revenue beat(12)-0.95%
Revenue beat(16)5
Avg Revenue beat(16)-0.8%
PT rev (1m)18.63%
PT rev (3m)65.27%
EPS NQ rev (1m)-0.08%
EPS NQ rev (3m)50.72%
EPS NY rev (1m)0.05%
EPS NY rev (3m)24.37%
Revenue NQ rev (1m)0.01%
Revenue NQ rev (3m)11.22%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.73%
Valuation
Industry RankSector Rank
PE 57.02
Fwd PE 36.06
P/S 6.9
P/FCF 108.98
P/OCF 81.6
P/B 10.28
P/tB N/A
EV/EBITDA 70.42
EPS(TTM)0.65
EY1.75%
EPS(NY)1.03
Fwd EY2.77%
FCF(TTM)0.34
FCFY0.92%
OCF(TTM)0.45
OCFY1.23%
SpS5.37
BVpS3.61
TBVpS-1.25
PEG (NY)0.7
PEG (5Y)N/A
Graham Number7.26
Profitability
Industry RankSector Rank
ROA -1.51%
ROE -5.03%
ROCE 1.83%
ROIC 1.45%
ROICexc 2.18%
ROICexgc 8.32%
OM 3.37%
PM (TTM) N/A
GM 56.59%
FCFM 6.33%
ROA(3y)0.55%
ROA(5y)1.19%
ROE(3y)1.46%
ROE(5y)3.1%
ROIC(3y)3.35%
ROIC(5y)5.84%
ROICexc(3y)5%
ROICexc(5y)10.58%
ROICexgc(3y)13.16%
ROICexgc(5y)90.91%
ROCE(3y)4.24%
ROCE(5y)7.4%
ROICexgc growth 3Y-17.05%
ROICexgc growth 5Y-2.08%
ROICexc growth 3Y-33.9%
ROICexc growth 5Y-13.3%
OM growth 3Y-27.88%
OM growth 5Y-12.89%
PM growth 3Y38.83%
PM growth 5Y-5.74%
GM growth 3Y-1.45%
GM growth 5Y-0.44%
F-Score4
Asset Turnover0.45
Health
Industry RankSector Rank
Debt/Equity 1.48
Debt/FCF 16.4
Debt/EBITDA 10.03
Cap/Depr 32.39%
Cap/Sales 2.12%
Interest Coverage 250
Cash Conversion 85.17%
Profit Quality N/A
Current Ratio 2.61
Quick Ratio 2.32
Altman-Z -31.78
F-Score4
WACC8.53%
ROIC/WACC0.17
Cap/Depr(3y)50.36%
Cap/Depr(5y)59.63%
Cap/Sales(3y)3.04%
Cap/Sales(5y)3.82%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)96.97%
EPS 3Y-20.63%
EPS 5Y-8.43%
EPS Q2Q%69.23%
EPS Next Y81.58%
EPS Next 2Y47.89%
EPS Next 3Y38.91%
EPS Next 5YN/A
Revenue 1Y (TTM)23.51%
Revenue growth 3Y-5.68%
Revenue growth 5Y-0.93%
Sales Q2Q%36.37%
Revenue Next Year35.82%
Revenue Next 2Y22.59%
Revenue Next 3Y16.63%
Revenue Next 5YN/A
EBIT growth 1Y31.76%
EBIT growth 3Y-31.98%
EBIT growth 5Y-13.7%
EBIT Next Year109.2%
EBIT Next 3Y41.61%
EBIT Next 5YN/A
FCF growth 1Y-3.2%
FCF growth 3Y-16.26%
FCF growth 5Y-9.78%
OCF growth 1Y-6.16%
OCF growth 3Y-20.41%
OCF growth 5Y-7.91%

VIAVI SOLUTIONS INC / VIAV Fundamental Analysis FAQ

What is the ChartMill fundamental rating of VIAVI SOLUTIONS INC (VIAV) stock?

ChartMill assigns a fundamental rating of 4 / 10 to VIAV.


What is the valuation status for VIAV stock?

ChartMill assigns a valuation rating of 3 / 10 to VIAVI SOLUTIONS INC (VIAV). This can be considered as Overvalued.


What is the profitability of VIAV stock?

VIAVI SOLUTIONS INC (VIAV) has a profitability rating of 4 / 10.


What is the earnings growth outlook for VIAVI SOLUTIONS INC?

The Earnings per Share (EPS) of VIAVI SOLUTIONS INC (VIAV) is expected to grow by 81.58% in the next year.