VIVENDI SE (VIV.PA)
FR0000127771 - Common Stock
Taking everything into account, VIV scores 4 out of 10 in our fundamental rating. VIV was compared to 69 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
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.
Of the past 5 years VIV 4 years were profitable.
Each year in the past 5 years VIV had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.03%, VIV is doing worse than 60.61% of the companies in the same industry.
VIV's Return On Equity of 2.39% is on the low side compared to the rest of the industry. VIV is outperformed by 65.15% of its industry peers.
VIV has a worse Return On Invested Capital (1.84%) than 72.73% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for VIV is significantly below the industry average of 8.88%.
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
Looking at the Profit Margin, with a value of 3.85%, VIV is in line with its industry, outperforming 53.03% of the companies in the same industry.
VIV's Profit Margin has improved in the last couple of years.
VIV has a Operating Margin (6.48%) which is in line with its industry peers.
VIV's Operating Margin has declined in the last couple of years.
VIV has a worse Gross Margin (45.83%) than 63.64% of its industry peers.
In the last couple of years the Gross Margin of VIV has remained more or less at the same level.
| 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.
The number of shares outstanding for VIV remains at a similar level compared to 1 year ago.
The number of shares outstanding for VIV has been reduced compared to 5 years ago.
Compared to 1 year ago, VIV has a worse debt to assets ratio.
2.2 Solvency
VIV has an Altman-Z score of 0.66. This is a bad value and indicates that VIV is not financially healthy and even has some risk of bankruptcy.
VIV has a worse Altman-Z score (0.66) than 72.73% 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.
With a Debt to FCF ratio value of 10.28, VIV is not doing good in the industry: 62.12% of the companies in the same industry are doing better.
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 comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 10.28 | ||
| Altman-Z | 0.66 |
ROIC/WACC0.39
WACC4.76%
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 75.76% 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.
The Quick ratio of VIV (0.64) is worse than 78.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 140.21% over the past year.
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.
Looking at the last year, VIV shows a quite strong growth in Revenue. The Revenue has grown by 9.54% in the last year.
Measured over the past years, VIV shows a decrease in Revenue. The Revenue has been decreasing by -5.48% on average per year.
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
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
The Price/Earnings ratio is 6.48, which indicates a rather cheap valuation of VIV.
Based on the Price/Earnings ratio, VIV is valued cheaper than 80.30% of the companies in the same industry.
When comparing the Price/Earnings ratio of VIV to the average of the S&P500 Index (27.54), we can say VIV is valued rather cheaply.
VIV is valuated cheaply with a Price/Forward Earnings ratio of 2.79.
Based on the Price/Forward Earnings ratio, VIV is valued cheaper than 95.45% of the companies in the same industry.
VIV is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 2.79 |
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.
Based on the Price/Free Cash Flow ratio, VIV is valued cheaply inside the industry as 87.88% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 2.96 | ||
| EV/EBITDA | 7.28 |
4.3 Compensation for Growth
VIV's 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 15.73% in the coming years.
PEG (NY)0.27
PEG (5Y)0.21
EPS Next 2Y18.34%
EPS Next 3Y15.73%
5. Dividend
5.1 Amount
VIV has a Yearly Dividend Yield of 10.20%, which is a nice return.
In the last 3 months the price of VIV has falen by -76.18%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
VIV's Dividend Yield is rather good when compared to the industry average which is at 5.95. VIV pays more dividend than 95.45% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, VIV pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.2% |
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
VIV pays out 62.72% 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.
DP62.72%
EPS Next 2Y18.34%
EPS Next 3Y15.73%
VIVENDI SE
EPA:VIV (12/24/2024, 7:00:00 PM)
2.528
+0.03 (+1.08%)
Chartmill FA Rating
GICS SectorCommunication Services
GICS IndustryGroupMedia & Entertainment
GICS IndustryMedia
Earnings (Last)
Earnings (Next)
Inst Owners22.62%
Inst Owner ChangeN/A
Ins Owners30.02%
Ins Owner ChangeN/A
Market Cap2.60B
Analysts81.67
Price Target13.01 (414.64%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 10.2% |
Dividend Growth(5Y)-11.11%
DP62.72%
Div Incr Years0
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-1.11%
PT rev (3m)0.71%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-1.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 6.48 | ||
| Fwd PE | 2.79 | ||
| P/S | 0.25 | ||
| P/FCF | 2.96 | ||
| P/OCF | 1.89 | ||
| P/B | 0.15 | ||
| P/tB | N/A | ||
| EV/EBITDA | 7.28 |
EPS(TTM)0.39
EY15.43%
EPS(NY)0.91
Fwd EY35.87%
FCF(TTM)0.85
FCFY33.8%
OCF(TTM)1.34
OCFY52.93%
SpS10.2
BVpS16.43
TBVpS-1.12
PEG (NY)0.27
PEG (5Y)0.21
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.03% | ||
| ROE | 2.39% | ||
| ROCE | 2.64% | ||
| ROIC | 1.84% | ||
| ROICexc | 1.93% | ||
| ROICexgc | 6.68% | ||
| OM | 6.48% | ||
| PM (TTM) | 3.85% | ||
| GM | 45.83% | ||
| FCFM | 8.37% |
ROA(3y)23.94%
ROA(5y)15.97%
ROE(3y)42.21%
ROE(5y)29.22%
ROIC(3y)1.81%
ROIC(5y)2.17%
ROICexc(3y)2.07%
ROICexc(5y)2.43%
ROICexgc(3y)5.74%
ROICexgc(5y)9.31%
ROCE(3y)2.54%
ROCE(5y)3.08%
ROICexcg growth 3Y27.93%
ROICexcg growth 5Y-16.11%
ROICexc growth 3Y30.67%
ROICexc growth 5Y-14.21%
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%
F-Score6
Asset Turnover0.27
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.37 | ||
| Debt/FCF | 10.28 | ||
| Debt/EBITDA | 4.74 | ||
| Cap/Depr | 77.93% | ||
| Cap/Sales | 4.74% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 104.39% | ||
| Profit Quality | 217.28% | ||
| Current Ratio | 0.72 | ||
| Quick Ratio | 0.64 | ||
| Altman-Z | 0.66 |
F-Score6
WACC4.76%
ROIC/WACC0.39
Cap/Depr(3y)61.58%
Cap/Depr(5y)58.76%
Cap/Sales(3y)4.38%
Cap/Sales(5y)4.16%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)140.21%
EPS 3Y-32.36%
EPS 5Y31.28%
EPS Q2Q%-2.52%
EPS Next Y23.91%
EPS Next 2Y18.34%
EPS Next 3Y15.73%
EPS Next 5Y-4.6%
Revenue 1Y (TTM)9.54%
Revenue growth 3Y6.63%
Revenue growth 5Y-5.48%
Sales Q2Q%275.91%
Revenue Next Year85.35%
Revenue Next 2Y38.12%
Revenue Next 3Y24.93%
Revenue Next 5Y0.44%
EBIT growth 1Y18.23%
EBIT growth 3Y25.69%
EBIT growth 5Y-12.02%
EBIT Next Year131.39%
EBIT Next 3Y36.29%
EBIT Next 5YN/A
FCF growth 1Y1.62%
FCF growth 3Y-11.51%
FCF growth 5Y-8.17%
OCF growth 1Y8.33%
OCF growth 3Y-8.12%
OCF growth 5Y-4.34%