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Viacom

DB:VCXA
Snowflake Description

Undervalued with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VCXA
DB
$13B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Viacom Inc. operates media brands that create entertainment content worldwide. The last earnings update was 72 days ago. More info.


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VCXA Share Price and Events
7 Day Returns
-1%
DB:VCXA
1.8%
DE Entertainment
2.5%
DE Market
1 Year Returns
12.2%
DB:VCXA
11.6%
DE Entertainment
-6.7%
DE Market
VCXA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Viacom (VCXA) -1% 10.7% 9.8% 12.2% -18.8% -46.8%
DE Entertainment 1.8% 8.2% 18.1% 11.6% 32.9% 74.4%
DE Market 2.5% 3.3% 9.2% -6.7% 9% 13.5%
1 Year Return vs Industry and Market
  • VCXA outperformed the Market in Germany which returned -6.7% over the past year.
Price Volatility
VCXA
Industry
5yr Volatility vs Market
Related Companies

VCXA Value

 Is Viacom undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Viacom to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Viacom.

DB:VCXA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 24 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.2%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:VCXA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Entertainment Unlevered Beta Simply Wall St/ S&P Global 0.96
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.959 (1 + (1- 21%) (71.03%))
1.333
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.33
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.333 * 5.96%)
8.18%

Discounted Cash Flow Calculation for DB:VCXA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Viacom is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:VCXA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.18%)
2019 1,477.33 Analyst x12 1,365.68
2020 1,745.64 Analyst x14 1,491.76
2021 1,798.42 Analyst x7 1,420.72
2022 1,756.33 Analyst x3 1,282.61
2023 1,743.00 Analyst x3 1,176.67
2024 1,740.72 Est @ -0.13% 1,086.33
2025 1,740.32 Est @ -0.02% 1,004.00
2026 1,741.23 Est @ 0.05% 928.61
2027 1,743.06 Est @ 0.11% 859.33
2028 1,745.54 Est @ 0.14% 795.51
Present value of next 10 years cash flows $11,411.21
DB:VCXA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,745.54 × (1 + 0.23%) ÷ (8.18% – 0.23%)
$22,013.86
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $22,013.86 ÷ (1 + 8.18%)10
$10,032.60
DB:VCXA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $11,411.21 + $10,032.60
$21,443.80
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $21,443.80 / 403.07
$53.2
DB:VCXA Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:VCXA represents 1.06892x of NasdaqGS:VIAB
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.06892x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 53.20 x 1.06892
€56.87
Value per share (EUR) From above. €56.87
Current discount Discount to share price of €32.26
= -1 x (€32.26 - €56.87) / €56.87
43.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Viacom is available for.
Intrinsic value
43%
Share price is €32.26 vs Future cash flow value of €56.87
Current Discount Checks
For Viacom to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Viacom's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Viacom's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Viacom's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Viacom's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:VCXA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $3.65
NasdaqGS:VIAB Share Price ** NasdaqGS (2019-04-18) in USD $30.18
Germany Entertainment Industry PE Ratio Median Figure of 10 Publicly-Listed Entertainment Companies 17.2x
Germany Market PE Ratio Median Figure of 421 Publicly-Listed Companies 19.69x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Viacom.

DB:VCXA PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:VIAB Share Price ÷ EPS (both in USD)

= 30.18 ÷ 3.65

8.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viacom is good value based on earnings compared to the DE Entertainment industry average.
  • Viacom is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Viacom's expected growth come at a high price?
Raw Data
DB:VCXA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts
2.9%per year
Europe Entertainment Industry PEG Ratio Median Figure of 30 Publicly-Listed Entertainment Companies 1.71x
Germany Market PEG Ratio Median Figure of 270 Publicly-Listed Companies 1.58x

*Line of best fit is calculated by linear regression .

DB:VCXA PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.27x ÷ 2.9%

2.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viacom is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Viacom's assets?
Raw Data
DB:VCXA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $19.03
NasdaqGS:VIAB Share Price * NasdaqGS (2019-04-18) in USD $30.18
Germany Entertainment Industry PB Ratio Median Figure of 14 Publicly-Listed Entertainment Companies 1.59x
Germany Market PB Ratio Median Figure of 570 Publicly-Listed Companies 1.87x
DB:VCXA PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:VIAB Share Price ÷ Book Value per Share (both in USD)

= 30.18 ÷ 19.03

1.59x

* Primary Listing of Viacom.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viacom is good value based on assets compared to the DE Entertainment industry average.
X
Value checks
We assess Viacom's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check)
  5. Viacom has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

VCXA Future Performance

 How is Viacom expected to perform in the next 1 to 3 years based on estimates from 24 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
2.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Viacom expected to grow at an attractive rate?
  • Viacom's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Viacom's earnings growth is positive but not above the Germany market average.
  • Viacom's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:VCXA Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:VCXA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 24 Analysts 2.9%
DB:VCXA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 24 Analysts 1.4%
Germany Entertainment Industry Earnings Growth Rate Market Cap Weighted Average 22.8%
Germany Entertainment Industry Revenue Growth Rate Market Cap Weighted Average 3.5%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.7%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:VCXA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:VCXA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-09-30 13,732 1,796 1,712 5
2022-09-30 13,579 1,835 1,698 5
2021-09-30 13,706 1,991 1,792 14
2020-09-30 13,454 1,976 1,757 24
2019-09-30 13,058 1,735 1,565 23
DB:VCXA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 12,960 2,038 1,471
2018-09-30 12,943 1,822 1,688
2018-06-30 12,777 2,014 1,976
2018-03-31 12,904 1,565 2,145
2017-12-31 13,012 1,525 2,010
2017-09-30 13,263 1,672 1,871
2017-06-30 13,170 1,625 1,449
2017-03-31 12,913 1,492 1,201
2016-12-31 12,658 1,656 1,383
2016-09-30 12,488 1,371 1,436
2016-06-30 13,050 1,633 2,068
2016-03-31 13,001 1,917 2,227

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Viacom's earnings are expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
  • Viacom's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:VCXA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below

All data from Viacom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VCXA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-09-30 4.63 5.32 3.80 4.00
2022-09-30 4.50 4.96 3.95 4.00
2021-09-30 4.44 5.05 4.10 9.00
2020-09-30 4.34 4.65 4.16 13.00
2019-09-30 3.87 3.99 3.56 11.00
DB:VCXA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 3.65
2018-09-30 4.19
2018-06-30 4.91
2018-03-31 5.33
2017-12-31 5.01
2017-09-30 4.68
2017-06-30 3.64
2017-03-31 3.02
2016-12-31 3.49
2016-09-30 3.62
2016-06-30 5.21
2016-03-31 5.61

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Viacom is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Viacom's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Viacom has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

VCXA Past Performance

  How has Viacom performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Viacom's growth in the last year to its industry (Entertainment).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Viacom's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Viacom's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Viacom's 1-year earnings growth is negative, it can't be compared to the DE Entertainment industry average.
Earnings and Revenue History
Viacom's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Viacom Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:VCXA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 12,960.00 1,471.00 3,001.00
2018-09-30 12,943.00 1,688.00 3,056.00
2018-06-30 12,777.00 1,976.00 3,049.00
2018-03-31 12,904.00 2,145.00 3,067.00
2017-12-31 13,012.00 2,010.00 3,044.00
2017-09-30 13,263.00 1,871.00 3,005.00
2017-06-30 13,170.00 1,449.00 2,976.00
2017-03-31 12,913.00 1,201.00 2,928.00
2016-12-31 12,658.00 1,383.00 2,885.00
2016-09-30 12,488.00 1,436.00 2,851.00
2016-06-30 13,050.00 2,068.00 2,822.00
2016-03-31 13,001.00 2,227.00 2,780.00
2015-12-31 13,078.00 1,871.00 2,796.00
2015-09-30 13,268.00 1,922.00 2,860.00
2015-06-30 13,471.00 1,770.00 2,883.00
2015-03-31 13,834.00 1,790.00 2,935.00
2014-12-31 13,930.00 2,345.00 2,926.00
2014-09-30 13,783.00 2,392.00 2,899.00
2014-06-30 13,444.00 2,466.00 2,872.00
2014-03-31 13,716.00 2,502.00 2,859.00
2013-12-31 13,677.00 2,481.00 2,836.00
2013-09-30 13,794.00 2,407.00 2,829.00
2013-06-30 13,505.00 2,244.00 2,782.00
2013-03-31 13,053.00 2,120.00 2,759.00
2012-12-31 13,249.00 2,227.00 2,765.00
2012-09-30 13,887.00 2,345.00 2,757.00
2012-06-30 14,577.00 2,278.00 2,807.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Viacom has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Viacom used its assets more efficiently than the DE Entertainment industry average last year based on Return on Assets.
  • Viacom's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Viacom's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Viacom has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

VCXA Health

 How is Viacom's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Viacom's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Viacom is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Viacom's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Viacom's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Viacom Company Filings, last reported 3 months ago.

DB:VCXA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 7,963.00 8,961.00 534.00
2018-09-30 7,711.00 10,082.00 1,557.00
2018-06-30 7,316.00 10,088.00 929.00
2018-03-31 7,118.00 10,084.00 417.00
2017-12-31 6,880.00 10,189.00 394.00
2017-09-30 6,367.00 11,119.00 1,389.00
2017-06-30 5,671.00 11,173.00 425.00
2017-03-31 4,983.00 12,189.00 671.00
2016-12-31 4,709.00 12,300.00 443.00
2016-09-30 4,541.00 11,913.00 493.00
2016-06-30 4,355.00 12,365.00 192.00
2016-03-31 4,168.00 12,529.00 480.00
2015-12-31 3,987.00 12,567.00 327.00
2015-09-30 3,818.00 12,285.00 606.00
2015-06-30 3,146.00 13,083.00 421.00
2015-03-31 2,516.00 13,230.00 306.00
2014-12-31 3,584.00 13,763.00 1,185.00
2014-09-30 3,963.00 12,699.00 1,107.00
2014-06-30 4,400.00 12,778.00 1,585.00
2014-03-31 4,631.00 13,379.00 2,580.00
2013-12-31 5,005.00 11,886.00 1,417.00
2013-09-30 5,390.00 11,885.00 2,492.00
2013-06-30 6,985.00 8,913.00 1,144.00
2013-03-31 7,042.00 8,933.00 1,260.00
2012-12-31 7,331.00 8,389.00 671.00
2012-09-30 7,618.00 8,149.00 932.00
2012-06-30 7,618.00 8,164.00 774.00
  • Viacom's level of debt (112.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (238% vs 112.5% today).
  • Debt is well covered by operating cash flow (22.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.2x coverage).
X
Financial health checks
We assess Viacom's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Viacom has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

VCXA Dividends

 What is Viacom's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.65%
Current annual income from Viacom dividends. Estimated to be 2.73% next year.
If you bought €2,000 of Viacom shares you are expected to receive €53 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Viacom's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.44%).
  • Viacom's dividend is below the markets top 25% of dividend payers in Germany (3.74%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:VCXA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 24 Analyst Estimates (S&P Global) See Below
Germany Entertainment Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 1.5%
Germany Market Average Dividend Yield Market Cap Weighted Average of 324 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:VCXA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-09-30
2022-09-30
2021-09-30 0.87 7.00
2020-09-30 0.82 15.00
2019-09-30 0.81 15.00
DB:VCXA Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-17 0.800 2.767
2018-11-16 0.800 2.768
2018-08-01 0.800 2.566
2018-05-21 0.800 2.794
2018-03-08 0.800 2.620
2017-11-10 0.800 2.617
2017-08-02 0.800 2.931
2017-05-18 0.800 2.295
2017-02-06 0.800 1.901
2016-10-31 0.800 2.120
2016-09-21 0.800 2.184
2016-05-18 1.600 3.804
2016-01-14 1.600 4.041
2015-11-11 1.600 3.609
2015-08-04 1.600 3.530
2015-05-20 1.600 2.524
2015-01-15 1.320 1.929
2014-11-12 1.320 1.790
2014-07-22 1.320 1.714
2014-05-21 1.320 1.529
2014-01-16 1.200 1.419
2013-11-13 1.200 1.446
2013-07-23 1.200 1.487
2013-05-22 1.200 1.751
2013-01-17 1.100 1.760
2012-11-14 1.100 2.066
2012-07-24 1.100 2.151
2012-05-23 1.100 2.335
2012-01-18 1.000 2.103
2011-11-09 1.000 2.255
2011-07-26 1.000 2.290
2011-05-25 1.000 2.012
2011-01-13 0.600 1.301
2010-11-11 0.600 1.530
2010-07-27 0.600 1.716
2010-06-09 0.600 1.799

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viacom has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Viacom only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Viacom's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (4.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5.6x coverage).
X
Income/ dividend checks
We assess Viacom's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Viacom afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Viacom has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

VCXA Management

 What is the CEO of Viacom's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bob Bakish
COMPENSATION $19,955,161
AGE 54
TENURE AS CEO 2.4 years
CEO Bio

Mr. Robert Marc Bakish, also known as Bob, has been the Chief Executive Officer and President of Viacom, Inc. since December 12, 2016. Mr. Bakish has been President and Chief Executive Officer of the Viacom Global Entertainment Group since October 31, 2016. He joined the predecessor of Viacom in 1997 and has held leadership positions throughout the organization and served as the Chief Executive Officer and President of Viacom International Media Networks Inc. since January 2011 until December 2016. Previously, he served as President of TM Viacom Media Networks until April 2011. He served as President & CEO of MTV Networks International (“MTVNI”), a unit of Viacom Inc. since January 2007 until 2016. He served as an Acting Chief Executive Officer and Acting President of Viacom, Inc. from November 15, 2016 to December 12, 2016. He served as an Executive Vice President of Operations at Viacom Enterprises and Viacom Inc. since January 1, 2006. He served as an Executive Vice President of Business Development of MTV Networks from 1999 to 2001. He served as an Executive Vice President of Operations of CBS Corporation since July 2004. Mr. Bakish was responsible for Viacom Inc.'s theatrical exhibition businesses, including the Famous Players Canadian theater circuit, as well as music publishing unit, Famous Music. He served as a Senior Member of MTV Networks Executive Team. Previously, Mr. Bakish served as an Executive Vice President and Chief Operating Officer of Advertising Sales of MTV Networks from 2001 to 2005. Prior to MTV Networks, Mr. Bakish served as Senior Vice President of Planning, Development and Technology at Viacom Inc., from 1997 to 1999. He joined Viacom in February 1997. Mr. Bakish was a partner with Booz Allen & Hamilton in its Media and Entertainment practice. He worked extensively with clients in the television, motion picture, book publishing and new media industries in the U.S., Europe, Latin America and Asia. Mr. Bakish served for at&T in its network systems area Mr. Bakish also serves as Chairman of the Board of Viacom 18, Viacom's Indian joint venture and is on the boards of Viacom joint ventures with BSkyB and Telecom Italia Media. He served as Chairman of the Cable Television Advertising Bureau (CAB) from 2003 to 2005. He serves as a Member of Board of Directors of Viacom 18 Media Private Limited since March 23, 2007. He has been a Director of Viacom, Inc. since December 12, 2016. He has been an Independent Director of Avid Technology, Inc. since October 2009. Mr. Bakish received an M.B.A. from the Columbia University School of Business in 1989 and a B.S. in Operations Research from Columbia's School of Engineering and Applied Science in 1985.

CEO Compensation
  • Bob's compensation has been consistent with company performance over the past year.
  • Bob's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Viacom management team in years:

5.2
Average Tenure
53.5
Average Age
  • The average tenure for the Viacom management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Bob Bakish

TITLE
President
COMPENSATION
$20M
AGE
54
TENURE
2.4 yrs

Wade Davis

TITLE
Executive VP & CFO
COMPENSATION
$7M
AGE
46
TENURE
6.4 yrs

Christa D'Alimonte

TITLE
Executive VP
COMPENSATION
$4M
AGE
49
TENURE
2 yrs

DeDe Lea

TITLE
Executive Vice President of Global Government Relations
COMPENSATION
$2M
AGE
53
TENURE
13.4 yrs

Scott Mills

TITLE
President of BET Networks
COMPENSATION
$7M
AGE
50
TENURE
3.9 yrs

Sumner Redstone

TITLE
Founder & Chairman Emeritus
COMPENSATION
$2M
AGE
94

Katherine Gill-Charest

TITLE
Senior VP
AGE
54
TENURE
8.5 yrs

David Kline

TITLE
CTO & Executive VP
AGE
60
TENURE
0.9 yrs

Jim Bombassei

TITLE
Senior Vice President of Investor Relations
TENURE
13.3 yrs

Henry T. Moniz

TITLE
Chief Compliance Officer
Board of Directors Tenure

Average tenure and age of the Viacom board of directors in years:

2.7
Average Tenure
64
Average Age
  • The average tenure for the Viacom board of directors is less than 3 years, this suggests a new board.
Board of Directors

Tom May

TITLE
Independent Non-Executive Chairman
COMPENSATION
$663K
AGE
71
TENURE
2.6 yrs

Bob Bakish

TITLE
President
COMPENSATION
$20M
AGE
54
TENURE
2.3 yrs

Shari Redstone

TITLE
Non-Executive Vice Chair
COMPENSATION
$375K
AGE
64
TENURE
13.3 yrs

Sumner Redstone

TITLE
Founder & Chairman Emeritus
COMPENSATION
$2M
AGE
94
TENURE
3.2 yrs

Irwin Robinson

TITLE
Chairman of Famous Music and Chief Executive Officer of Famous Music

Judith McHale

TITLE
Independent Director
COMPENSATION
$469K
AGE
71
TENURE
2.7 yrs

Ron Nelson

TITLE
Independent Director
COMPENSATION
$459K
AGE
65
TENURE
2.7 yrs

Nicole Seligman

TITLE
Independent Director
COMPENSATION
$478K
AGE
62
TENURE
2.7 yrs

Chuck Phillips

TITLE
Independent Director
COMPENSATION
$293K
AGE
58
TENURE
13.3 yrs

Cristiana Falcone Sorrell

TITLE
Independent Director
COMPENSATION
$283K
AGE
44
TENURE
6.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
X
Management checks
We assess Viacom's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Viacom has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

VCXA News

Simply Wall St News

VCXA Company Info

Description

Viacom Inc. operates media brands that create entertainment content worldwide. It operates through two segments, Media Networks and Filmed Entertainment. The Media Networks segment offers entertainment content, services, and related branded products for consumers through approximately 314 locally programmed and operated television channels, including Nickelodeon, MTV, BET, Comedy Central, Paramount Network, Nick Jr., VH1, TV Land, CMT, Logo, Channel 5, Milkshake!, Telefe, Colors, Paramount Channel, TeenNick, Nicktoons, Nick Music, MTV2, MTV Classic, MTV Live, BET Her, BET Gospel, and BET Hip Hop, as well as through online, mobile, and apps. The Filmed Entertainment segment produces, finances, acquires, and distributes motion pictures, television programming, and other entertainment content under the Paramount Pictures, Paramount Players, Paramount Animation, Paramount Television, Nickelodeon Movies, MTV Films, and BET Films brands. It exhibits motion pictures theatrically through home entertainment, licensing to television and digital platforms, and ancillary activities, as well as DVDs and Blu-ray discs, TVOD, pay television, SVOD, cable, and free television; and airlines and hotels. The company is headquartered in New York, New York.

Details
Name: Viacom Inc.
VCXA
Exchange: DB
Founded:
$11,222,969,226
403,070,416
Website: http://www.viacom.com
Address: Viacom Inc.
1515 Broadway,
New York,
New York, 10036,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS VIAB Class B Common Stock Nasdaq Global Select US USD 08. Dec 2005
DB VCX Class B Common Stock Deutsche Boerse AG DE EUR 08. Dec 2005
LSE 0LPG Class B Common Stock London Stock Exchange GB USD 08. Dec 2005
WBAG VIAB Class B Common Stock Wiener Boerse AG AT EUR 08. Dec 2005
NasdaqGS VIA Class A Common Stock Nasdaq Global Select US USD 05. Dec 2005
BASE VIAB NEW CEDEAR REP 1 B NON-VTG USD0.01 Buenos Aires Stock Exchange AR ARS 20. Apr 2009
DB VCXA Class A Common Stock Deutsche Boerse AG DE EUR 05. Dec 2005
LSE 0LPF Class A Common Stock London Stock Exchange GB USD 05. Dec 2005
Number of employees
Current staff
Staff numbers
10,400
Viacom employees.
Industry
Movies and Entertainment
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/18 21:40
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/18
Last earnings filing: 2019/02/05
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/09/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.