ENXTPA:VIV

Stock Analysis Report

Executive Summary

Vivendi SA operates as a content media and communication company in France, rest of Europe, the Americas, Asia/Oceania, and Africa.

Snowflake

Fundamentals

Mediocre balance sheet and slightly overvalued.


Similar Companies

Share Price & News

How has Vivendi's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: VIV has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.1%

VIV

0.09%

FR Entertainment

0.6%

FR Market


1 Year Return

16.1%

VIV

4.5%

FR Entertainment

14.5%

FR Market

Return vs Industry: VIV exceeded the French Entertainment industry which returned 4.5% over the past year.

Return vs Market: VIV exceeded the French Market which returned 14.5% over the past year.


Shareholder returns

VIVIndustryMarket
7 Day-0.1%0.09%0.6%
30 Day-0.6%-2.3%4.3%
90 Day-1.2%-6.1%11.2%
1 Year18.3%16.1%6.0%4.5%18.4%14.5%
3 Year37.2%28.9%32.4%25.9%50.9%36.5%
5 Year61.4%25.1%66.2%32.7%71.3%46.4%

Price Volatility Vs. Market

How volatile is Vivendi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Vivendi undervalued compared to its fair value and its price relative to the market?

18.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: VIV (€24.75) is trading below our estimate of fair value (€30.36)

Significantly Below Fair Value: VIV is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: VIV is poor value based on its PE Ratio (65.1x) compared to the Entertainment industry average (31.8x).

PE vs Market: VIV is poor value based on its PE Ratio (65.1x) compared to the French market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: VIV is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: VIV is good value based on its PB Ratio (1.9x) compared to the FR Entertainment industry average (2.7x).


Next Steps

Future Growth

How is Vivendi forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

19.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIV's forecast earnings growth (19.6% per year) is above the savings rate (0.7%).

Earnings vs Market: VIV's earnings (19.6% per year) are forecast to grow faster than the French market (11.6% per year).

High Growth Earnings: VIV's earnings are forecast to grow, but not significantly.

Revenue vs Market: VIV's revenue (4.3% per year) is forecast to grow slower than the French market (4.7% per year).

High Growth Revenue: VIV's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: VIV's Return on Equity is forecast to be low in 3 years time (9.6%).


Next Steps

Past Performance

How has Vivendi performed over the past 5 years?

22.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: VIV has large one-off items impacting its financial results.

Growing Profit Margin: VIV's current net profit margins (3.3%) are lower than last year (8.9%).


Past Earnings Growth Analysis

Earnings Trend: VIV has become profitable over the past 5 years, growing earnings by 22% per year.

Accelerating Growth: VIV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: VIV had negative earnings growth (-60%) over the past year, making it difficult to compare to the Entertainment industry average (0.9%).


Return on Equity

High ROE: VIV's Return on Equity (3.2%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Vivendi's financial position?


Financial Position Analysis

Short Term Liabilities: VIV's short term assets (€11.3B) do not cover its short term liabilities (€11.5B)

Long Term Liabilities: VIV's short term assets (11.3B) exceeds its long term liabilities (8.9B)


Debt to Equity History and Analysis

Debt Level: VIV's debt to equity ratio (44.4%) is considered high

Reducing Debt: VIV's debt to equity ratio has reduced from 50% to 44.4% over the past 5 years.

Debt Coverage: VIV's debt is not well covered by operating cash flow (14.2%).

Interest Coverage: VIV's interest payments on its debt are well covered by EBIT (26.5x coverage).


Balance Sheet

Inventory Level: VIV has a low level of unsold assets or inventory.

Debt Coverage by Assets: VIV's debt is covered by short term assets (assets are 1.6x debt).


Next Steps

Dividend

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

2.02%

Current Dividend Yield


Dividend Yield vs Market

company2.0%marketbottom25%1.5%markettop25%4.5%industryaverage1.8%forecastin3Years2.3%

Current dividend yield vs market & industry

Notable Dividend: VIV's dividend (2.02%) is higher than the bottom 25% of dividend payers in the French market (1.49%).

High Dividend: VIV's dividend (2.02%) is low compared to the top 25% of dividend payers in the French market (4.52%).


Stability and Growth of Payments

Stable Dividend: VIV's dividend payments have been volatile in the past 10 years.

Growing Dividend: VIV's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (131.6%), VIV's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: VIV's dividends in 3 years are forecast to be well covered by earnings (41.3% payout ratio).


Next Steps

Management

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

5.4yrs

Average management tenure


CEO

Arnaud de Puyfontaine (55yo)

5.4yrs

Tenure

€3,858,372

Compensation

Mr. Arnaud Roy de Puyfontaine, E.S.C.P., M.B.A., has been Chairman of Management Board at Vivendi SA since June 24, 2014 and has been a Member of Management Board since June 26, 2013 and serves as its Chie ...


CEO Compensation Analysis

Compensation vs Market: Arnaud's total compensation ($USD4.25M) is about average for companies of similar size in the French market ($USD3.50M).

Compensation vs Earnings: Arnaud's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

5.4yrs

Average Tenure

58yo

Average Age

Experienced Management: VIV's management team is seasoned and experienced (5.4 years average tenure).


Board Age and Tenure

5.1yrs

Average Tenure

58.5yo

Average Age

Experienced Board: VIV's board of directors are considered experienced (5.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Management Team

  • Simon Gillham (63yo)

    Senior EVP of Communications & Member of Management Board

    • Tenure: 4yrs
    • Compensation: €1.93m
  • Arnaud de Puyfontaine (55yo)

    Chairman of Management Board & CEO

    • Tenure: 5.4yrs
    • Compensation: €3.86m
  • Cédric de Bailliencourt (50yo)

    Member of the Management Board & Senior VP

    • Tenure: 2.2yrs
    • Compensation: €357.76k
  • Vincent Vallejo (58yo)

    Senior Vice President of Audit & Special Projects

    • Tenure: 15.5yrs
  • Frédéric Crépin (50yo)

    Member of the Management Board

    • Tenure: 4yrs
    • Compensation: €2.17m
  • Hervé Philippe (61yo)

    CFO & Member of Management Board

    • Tenure: 5.8yrs
    • Compensation: €2.09m
  • Gilles Alix (61yo)

    Member of the Management Board & Senior VP

    • Tenure: 2.2yrs
    • Compensation: €446.92k
  • Stéphane Roussel (58yo)

    Member of Management Board & COO

    • Tenure: 5.4yrs
    • Compensation: €3.06m
  • Mathieu Peyceré (52yo)

    Executive Vice President of Group Human Resources

    • Tenure: 7.3yrs
  • Xavier Le Roy

    Executive Vice President of Investor Relations

    • Tenure: 0yrs

Board Members

  • Philippe Bénacin (60yo)

    Vice Chairman of Supervisory Board

    • Tenure: 5.4yrs
    • Compensation: €105.00k
  • Jean-Rene Fourtou (80yo)

    Honorary Chairman

    • Tenure: 5.4yrs
  • Henri Lachmann (81yo)

    Honorary Vice-Chairman of the Supervisory Board

    • Tenure: 0yrs
    • Compensation: €30.00k
  • Simon Gillham (63yo)

    Senior EVP of Communications & Member of Management Board

    • Tenure: 4yrs
    • Compensation: €1.93m
  • Vincent Bolloré (67yo)

    Censor & Special Advisor to the Chairman of the Management Board

    • Tenure: 0.6yrs
    • Compensation: €110.00k
  • Aliza Jabès (57yo)

    Independent Member of Supervisory Board

    • Tenure: 9.6yrs
    • Compensation: €80.00k
  • Yannick Bolloré (39yo)

    Chairman of Supervisory Board

    • Tenure: 1.6yrs
    • Compensation: €80.00k
  • Katie Stanton (50yo)

    Independent Member of Supervisory Board

    • Tenure: 5.4yrs
    • Compensation: €100.00k
  • Paulo Cardoso (46yo)

    Member of Supervisory Board

    • Tenure: 5.1yrs
    • Compensation: €120.00k
  • Cathia Lawson-Hall (48yo)

    Independent Member of Supervisory Board

    • Tenure: 4.2yrs
    • Compensation: €135.00k

Company Information

Vivendi SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Vivendi SA
  • Ticker: VIV
  • Exchange: ENXTPA
  • Founded: 1853
  • Industry: Movies and Entertainment
  • Sector: Media
  • Market Cap: €29.895b
  • Shares outstanding: 1.21b
  • Website: https://www.vivendi.com

Number of Employees


Location

  • Vivendi SA
  • 42 avenue de Friedland
  • Cedex 08
  • Paris
  • Ile-de-France
  • 75380
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VVUXTRA (XETRA Trading Platform)YesCommon SharesDEEURDec 2000
VIVENXTPA (Euronext Paris)YesCommon SharesFREURDec 2000
VIVSWX (SIX Swiss Exchange)YesCommon SharesCHCHFDec 2000
0IIFLSE (London Stock Exchange)YesCommon SharesGBEURDec 2000
VIVE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDDec 2000
VIVBIT (Borsa Italiana)YesCommon SharesITEURDec 2000
VVUDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2000
VIVWBAG (Wiener Boerse AG)YesCommon SharesATEURDec 2000
VIVPBATS-CHIXE (BATS 'Chi-X Europe')YesCommon SharesGBEURDec 2000
VIVEN NBMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNDec 2000
VVUDDB (Deutsche Boerse AG)UNSPON ADR EACH REPR 1 ORD EUR5.50DEEURJan 2011
VIVH.YOTCPK (Pink Sheets LLC)UNSPON ADR EACH REPR 1 ORD EUR5.50USUSDJan 2011

Biography

Vivendi SA operates as a content media and communication company in France, rest of Europe, the Americas, Asia/Oceania, and Africa. It operates through Universal Music Group, Canal+ Group, Havas, Gameloft, ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/11/13 20:35
End of Day Share Price2019/11/13 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.