Vivendi
Vivendi SA operates as a content media and communication company in France, rest of Europe, the Americas, Asia/Oceania, and Africa. The last earnings update was 62 days ago. More info.
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VIV Share Price and Events
7 Day Returns
1 Year Returns
VIV Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Vivendi (VIV) | -2.4% | -1% | 17.4% | 22.9% | 38% | 29% |
| FR Entertainment | -0.7% | 1.1% | 14.3% | 16.8% | 47% | 44.7% |
| FR Market | 2% | 2.6% | 15.1% | 3.4% | 28% | 31.4% |
1 Year Return vs Industry and Market
- VIV outperformed the Entertainment industry which returned 16.8% over the past year.
- VIV outperformed the Market in France which returned 3.4% over the past year.
Value
Is Vivendi 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
Vivendi
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Vivendi.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 20 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 7.6% |
| Perpetual Growth Rate | 10-Year FR Government Bond Rate | 0.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year FR Govt Bond Rate | 0.7% |
| Equity Risk Premium | S&P Global | 6.7% |
| 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- 33%) (13.28%)) |
1.03 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.03 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.73% + (1.03 * 6.65%) |
7.58% |
Discounted Cash Flow Calculation for ENXTPA:VIV using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Vivendi 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.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 7.58%) |
|
|---|---|---|---|
| 2019 | 1,194.31 | Analyst x9 | 1,110.14 |
| 2020 | 1,404.50 | Analyst x9 | 1,213.50 |
| 2021 | 1,534.80 | Analyst x6 | 1,232.62 |
| 2022 | 1,633.48 | Est @ 6.43% | 1,219.41 |
| 2023 | 1,710.60 | Est @ 4.72% | 1,186.98 |
| 2024 | 1,770.89 | Est @ 3.52% | 1,142.21 |
| 2025 | 1,818.47 | Est @ 2.69% | 1,090.24 |
| 2026 | 1,856.68 | Est @ 2.1% | 1,034.69 |
| 2027 | 1,888.06 | Est @ 1.69% | 978.02 |
| 2028 | 1,914.56 | Est @ 1.4% | 921.85 |
| Present value of next 10 years cash flows | €11,129.65 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €1,914.56 × (1 + 0.73%) ÷ (7.58% – 0.73%) |
€28,157.47 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €28,157.47 ÷ (1 + 7.58%)10 |
€13,557.68 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €11,129.65 + €13,557.68 |
€24,687.33 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €24,687.33 / 1,271.10 |
€19.42 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €19.42 |
| Current discount | Discount to share price of
€25.68
= -1 x (€25.68 - €19.42) / €19.42 |
-32.2% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Vivendi is above its future cash flow value.
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 Vivendi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Vivendi's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €0.10 |
| ENXTPA:VIV Share Price ** | ENXTPA (2019-04-17) in EUR | €25.68 |
| France Entertainment Industry PE Ratio | Median Figure of 7 Publicly-Listed Entertainment Companies | 29.21x |
| France Market PE Ratio | Median Figure of 419 Publicly-Listed Companies | 16.31x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Vivendi.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = ENXTPA:VIV Share Price ÷ EPS (both in EUR) = 25.68 ÷ 0.10 |
255.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vivendi is overvalued based on earnings compared to the FR Entertainment industry average.
- Vivendi is overvalued based on earnings compared to the France market.
Price based on expected Growth
Does
Vivendi's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 255.49x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts |
43.3%per year |
| France Entertainment Industry PEG Ratio | Median Figure of 7 Publicly-Listed Entertainment Companies | 1.95x |
| France Market PEG Ratio | Median Figure of 272 Publicly-Listed Companies | 1.5x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 255.49x ÷ 43.3% |
5.9x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vivendi is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Vivendi's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €13.65 |
| ENXTPA:VIV Share Price * | ENXTPA (2019-04-17) in EUR | €25.68 |
| France Entertainment Industry PB Ratio | Median Figure of 10 Publicly-Listed Entertainment Companies | 2.39x |
| France Market PB Ratio | Median Figure of 618 Publicly-Listed Companies | 1.48x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = ENXTPA:VIV Share Price ÷ Book Value per Share (both in EUR) = 25.68 ÷ 13.65 |
1.88x |
* Primary Listing of Vivendi.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vivendi is good value based on assets compared to the FR Entertainment industry average.
Value checks
We assess Vivendi's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check) Vivendi has a total score of 1/6, 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.
Future Performance
How is Vivendi expected to perform in the next 1 to 3 years based on estimates from 20 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!
Earnings growth vs Low Risk Savings
- Vivendi's earnings growth is expected to exceed the low risk savings rate of 0.7%.
Growth vs Market Checks
- Vivendi's earnings growth is expected to exceed the France market average.
- Vivendi's revenue growth is expected to exceed the France market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| ENXTPA:VIV Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 20 Analysts | 43.3% |
| ENXTPA:VIV Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 20 Analysts | 5.6% |
| France Entertainment Industry Earnings Growth Rate | Market Cap Weighted Average | 36.9% |
| France Entertainment Industry Revenue Growth Rate | Market Cap Weighted Average | 5.7% |
| France Market Earnings Growth Rate | Market Cap Weighted Average | 13.4% |
| France Market Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 20 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 16,589 | 1,887 | 1,465 | 13 |
| 2020-12-31 | 15,778 | 1,669 | 1,341 | 20 |
| 2019-12-31 | 15,471 | 1,786 | 1,212 | 7 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 13,932 | 1,187 | 127 |
| 2018-09-30 | 14,070 | 1,612 | 963 |
| 2018-06-30 | 13,445 | 1,386 | 1,217 |
| 2018-03-31 | 13,013 | 1,923 | 1,210 |
| 2018-01-01 | 12,518 | 1,690 | 1,216 |
| 2017-09-30 | 11,753 | 987 | 458 |
| 2017-06-30 | 11,237 | 987 | 499 |
| 2017-03-31 | 10,991 | 427 | 474 |
| 2016-12-31 | 10,819 | 658 | 1,236 |
| 2016-09-30 | 10,859 | 774 | 1,322 |
| 2016-06-30 | 10,711 | 622 | 900 |
| 2016-03-31 | 10,761 | 282 | 1,546 |
*GAAP earnings excluding extraordinary items.
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 20 Analyst Estimates (S&P Global) | See Below |
All data from Vivendi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 1.13 | 1.36 | 0.93 | 5.00 |
| 2020-12-31 | 1.04 | 1.26 | 0.90 | 11.00 |
| 2019-12-31 | 0.94 | 1.10 | 0.83 | 11.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 0.10 |
| 2018-09-30 | 0.76 |
| 2018-06-30 | 0.97 |
| 2018-03-31 | 0.96 |
| 2018-01-01 | 0.97 |
| 2017-09-30 | 0.37 |
| 2017-06-30 | 0.40 |
| 2017-03-31 | 0.38 |
| 2016-12-31 | 0.97 |
| 2016-09-30 | 1.02 |
| 2016-06-30 | 0.68 |
| 2016-03-31 | 1.15 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Vivendi's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the France market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the France market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Vivendi has a total score of 4/6, 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.
Past Performance
How has Vivendi 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
Past Earnings growth analysis
- Vivendi has delivered over 20% year on year earnings growth in the past 5 years.
- Vivendi's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Vivendi's 1-year earnings growth is negative, it can't be compared to the FR Entertainment industry average.
Earnings and Revenue History
All data from Vivendi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 13,932.00 | 127.00 | 5,038.00 | |
| 2018-09-30 | 14,069.50 | 963.00 | 5,067.50 | |
| 2018-06-30 | 13,445.00 | 1,217.00 | 4,924.00 | |
| 2018-03-31 | 13,012.50 | 1,209.50 | 4,622.50 | |
| 2018-01-01 | 12,518.00 | 1,216.00 | 4,293.00 | |
| 2017-09-30 | 11,753.00 | 458.00 | 3,891.00 | |
| 2017-06-30 | 11,237.00 | 499.00 | 3,494.00 | |
| 2017-03-31 | 10,991.00 | 474.00 | 3,452.00 | |
| 2016-12-31 | 10,819.00 | 1,236.00 | 3,411.00 | |
| 2016-09-30 | 10,859.00 | 1,322.00 | 3,502.00 | |
| 2016-06-30 | 10,711.00 | 900.00 | 3,535.00 | |
| 2016-03-31 | 10,761.00 | 1,546.00 | 3,535.00 | |
| 2015-12-31 | 10,762.00 | 699.00 | 3,588.00 | |
| 2015-09-30 | 10,586.00 | -114.00 | 3,467.00 | |
| 2015-06-30 | 10,478.00 | 353.00 | 3,402.00 | |
| 2015-03-31 | 10,264.00 | -264.00 | 3,322.00 | |
| 2014-12-31 | 10,089.00 | -290.00 | 3,228.00 | |
| 2014-09-30 | 10,077.00 | 162.00 | 3,253.00 | |
| 2014-06-30 | 10,097.00 | -116.00 | 3,266.00 | |
| 2014-03-31 | 9,743.00 | -49.00 | 3,200.00 | |
| 2013-12-31 | 10,252.00 | 43.00 | 3,376.00 | |
| 2013-09-30 | 13,523.00 | -1,467.00 | 4,414.00 | |
| 2013-06-30 | 16,430.00 | -1,195.00 | 5,271.00 | |
| 2013-03-31 | 19,847.00 | -1,005.00 | 6,234.00 | |
| 2012-12-31 | 22,577.00 | -654.00 | 6,928.00 | |
| 2012-09-30 | 24,130.00 | 954.00 | 7,519.00 | |
| 2012-06-30 | 25,568.00 | 892.00 | 7,959.00 |
*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.
- Vivendi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Vivendi used its assets less efficiently than the FR Entertainment industry average last year based on Return on Assets.
- Vivendi has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Vivendi's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Vivendi has a total score of 2/6, 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.
Health
How is Vivendi'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 Vivendi's finances.
The net worth of a company is the difference between its assets and liabilities.
- Vivendi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Vivendi's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 2.8x 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.
All data from Vivendi Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 17,534.00 | 4,336.00 | 4,867.00 |
| 2018-09-30 | 17,534.00 | 4,336.00 | 4,867.00 |
| 2018-06-30 | 17,336.00 | 4,509.00 | 3,789.00 |
| 2018-03-31 | 17,336.00 | 4,509.00 | 3,789.00 |
| 2018-01-01 | 17,856.00 | 4,543.00 | 2,085.00 |
| 2017-09-30 | 16,998.00 | 5,849.00 | 2,667.00 |
| 2017-06-30 | 18,856.00 | 3,752.00 | 4,259.00 |
| 2017-03-31 | 19,504.00 | 3,583.00 | 4,108.00 |
| 2016-12-31 | 19,612.00 | 4,081.00 | 5,112.00 |
| 2016-09-30 | 19,050.00 | 4,016.00 | 6,428.00 |
| 2016-06-30 | 18,399.00 | 4,374.00 | 6,365.00 |
| 2016-03-31 | 19,954.00 | 2,499.00 | 7,235.00 |
| 2015-12-31 | 21,086.00 | 2,938.00 | 9,289.00 |
| 2015-09-30 | 21,302.00 | 2,468.00 | 10,249.00 |
| 2015-06-30 | 21,923.00 | 2,379.00 | 10,492.00 |
| 2015-03-31 | 23,627.00 | 2,294.00 | 7,173.00 |
| 2014-12-31 | 22,988.00 | 2,347.00 | 6,854.00 |
| 2014-09-30 | 19,929.00 | 10,222.00 | 1,677.00 |
| 2014-06-30 | 18,896.00 | 9,449.00 | 1,415.00 |
| 2014-03-31 | 19,623.00 | 12,243.00 | 889.00 |
| 2013-12-31 | 19,030.00 | 12,266.00 | 1,069.00 |
| 2013-09-30 | 21,636.00 | 17,397.00 | 925.00 |
| 2013-06-30 | 21,244.00 | 18,312.00 | 892.00 |
| 2013-03-31 | 22,546.00 | 17,828.00 | 4,659.00 |
| 2012-12-31 | 21,291.00 | 17,757.00 | 4,258.00 |
| 2012-09-30 | 22,715.00 | 18,464.00 | 3,499.00 |
| 2012-06-30 | 21,879.00 | 17,404.00 | 3,342.00 |
- Vivendi's level of debt (24.7%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (64.4% vs 24.7% today).
- Debt is well covered by operating cash flow (27.4%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 47.3x coverage).
Financial health checks
We assess Vivendi's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Vivendi has a total score of 6/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
Dividends
What is Vivendi'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
If you bought
€2,000 of
Vivendi
shares you are expected to receive
€39
in your first year as a dividend.
Dividend Amount
- Vivendi's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.54%).
- Vivendi's dividend is below the markets top 25% of dividend payers in France (4.4%).
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.
| 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 20 Analyst Estimates (S&P Global) | See Below |
| Europe Entertainment Industry Average Dividend Yield | Market Cap Weighted Average of 22 Stocks | 1.9% |
| France Market Average Dividend Yield | Market Cap Weighted Average of 322 Stocks | 3% |
| France Minimum Threshold Dividend Yield | 10th Percentile | 0.9% |
| France Bottom 25% Dividend Yield | 25th Percentile | 1.5% |
| France Top 25% Dividend Yield | 75th Percentile | 4.4% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 0.70 | 12.00 |
| 2020-12-31 | 0.56 | 20.00 |
| 2019-12-31 | 0.56 | 11.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-04-15 | 0.500 | 1.926 |
| 2018-04-19 | 0.450 | 2.020 |
| 2017-04-25 | 0.400 | 1.919 |
| 2016-02-18 | 3.000 | 16.982 |
| 2015-11-10 | 2.000 | 10.445 |
| 2015-09-02 | 2.000 | 9.306 |
| 2015-02-27 | 1.000 | 4.341 |
| 2014-11-14 | 1.000 | 4.860 |
| 2014-08-28 | 1.000 | 5.240 |
| 2014-04-24 | 1.000 | 5.301 |
| 2013-04-30 | 1.000 | 5.704 |
| 2012-06-18 | 0.968 | 6.130 |
| 2012-03-02 | 0.968 | 7.363 |
| 2012-03-01 | 0.968 | 6.930 |
| 2011-03-01 | 1.355 | 8.153 |
| 2011-02-28 | 1.355 | 6.821 |
| 2010-11-15 | 1.355 | 6.797 |
| 2010-03-01 | 1.355 | 7.455 |
| 2009-04-20 | 1.355 | 7.300 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
- Dividends per share have fallen over the past 10 years.
Income/ dividend checks
We assess Vivendi's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Vivendi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Vivendi has a total score of 2/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | €2,483,331 |
| AGE | 54 |
| TENURE AS CEO | 4.8 years |
CEO Bio
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 Chief Executive Officer. Mr. de Puyfontaine was an Executive Chairman of Telecom Italia S.p.A. since June 1, 2017 and served as its Interim Chief Executive Officer from July 28, 2017 to September 28, 2017. Mr. de Puyfontaine has been Chairman of Editis S.A. since January 2019. He served as Senior Executive Vice President of Media & Content Activities at Vivendi SA from January 1, 2014 to June 24, 2014. He serves as Chairman at TIM Ventures. He served as Executive Vice President of Hearst Magazines International at The Hearst Corporation since June 2011 and Managing Director for Western Europe since August 2013. Mr. de Puyfontaine served as the Chief Executive Officer at The National Magazine Company Limited since March 26, 2009. He served as Chief Executive and Président of Emap France at Top Right Group Limited and Ascential Group Limited. He served as the Chief Executive Officer at Hearst Magazines UK at The Hearst Corporation since 2009. In 2011, on behalf of Hearst Group, he led the acquisition of the 102 magazines of Lagardère Group published abroad. He served as Président Director Général & Chairman of the Board of Emap France since 1999 and Chief Executive Officer since 1998. He served as the Chief Executive Officer and Chairman of the Board of Excelsior Publications. In 1995, as a Member of the founding team of Emap Group in France, he headed Télé Poche and Studio Magazine as Publishing Director and he managed the acquisition of Télé Star and Télé Star Jeux and started up the Emap Star Division, where he managed the following TV and cinema publications: Télé Star, Télé Poche, Télé Star Jeux and Studio Magazine. He was involved in the acquisition of Télé Star. He served as Chief Operating Officer of Emap France and Managing Director of Emap Star, Managing Director and Publisher of the daily newspapers, Le Figaro Economie, Le Figaro Grande Ecoles and Le Figaro Défense, Le Figaro, OTC Project Manager of Rhone Poulenc Pharma in Indonesia since 1989 and Consultant, Audit & Consulting at Arthur Andersen since 1989. He served as Chairman of the Board and Chief Executive Officer of Mondadori France SAS at Arnoldo Mondadori Editore SpA since August 2006 and also served as its President. He headed all digital business for Mondadori. In 1990, he joined Figaro, where he spent five years in multiple roles as Editor of the daily Le Figaro and the weekly Le Figaro Économie. Mr. de Puyfontaine has led several M&A deals. In 2006, he led the sale of Emap France to Mondadori Group of Italy. He co-founded ELTEG in France. He served as Chief Executive Officer of Mondadori France magazines operations. Mr. de Puyfontaine has been a Director at Vivendi Société Anonyme since June 24, 2014. He serves as Chairman at Tramonta SAS. From 2000 to 2005, he served as Chairman of EMW, the Emap/Wanadoo digital subsidiary. He served as a Deputy Chairman of Telecom Italia S.p.A. since April 27, 2016. He serves as Vice-Chairman of the Supervisory Board of Canal+ Group. Mr. de Puyfontaine served as a Director of Schibsted ASA since May 2012 until 2018. Mr. de Puyfontaine serves as a Member of Audit committee of Schibsted ASA since January 2019.He has been a Director at Telecom Italia S.p.A. since December 15, 2015. He served as Director of GVT Participações SA (Brazil). He served as an Independent Director of Kepler. His Positions currently held inculdes Universal Music France (SAS), Chairman of the Supervisory Board. His Other positions and offices (Outside France) includes Gloo Networks plc.(Great Britain), Non-Executive Chairman and Schibsted Media group, Independent Director. His Positions previously held that have expired during the last five years (in France) includes Studiocanal, Member of the Supervisory Board. He serves as a Member of the Supervisory Board of Canal+ Group. He serves as Member of Supervisory Board at CANAL + SA. Since 2000, he served as a Member of the Executive Board/Director of Emap Plc. He served as Executive Director of Figaro and Director of Figaro Grandes Écoles et Universités, Figaro La Défense, Guides du Figaro and Figaro Événements. He served as a Director at The National Magazine Company Limited (United Kingdom), Hearst-Rodale UK Limited (United Kingdom), Handbag.com Limited, Hearst Magazines UK 2012-1, Hearst Magazines, S.L. (Spain), Hearst Magazines Italia S.p.A (Italy), F.E.P. (UK) Limited, COMAG (Condé Nast Magazine Distributors Limited), Compagnie Internationale de Presse and de Publicité (Monaco Hearts Magazines, S.L.) and Hearts Magazines Italia S.p.A (Italy). He served as Director of Mondadori France SAS. He served as Chairman of ESCP Europe Alumni and served as Director at Melty group. He serves as a Board Member of APPM France; Magazine Publishing Association; Magazine Union SPMI; Distribution Group NMPP; Aspen Institute; 24h00.fr, ecommerce site; SGAM AI;‘Le Cercle’ and ‘Dialogue Economique’, France. He served as a Director of PPA (Professional Publishers Association). Mr. de Puyfontaine is a graduate of the ESCP in 1988, the Multimedia Institute in 1992 and the Harvard Business School AMP program in 2000.
CEO Compensation
- Arnaud's compensation has been consistent with company performance over the past year.
- Arnaud's remuneration is about average for companies of similar size in France.
Management Team Tenure
Average tenure and age of the Vivendi management team in years:
- The tenure for the Vivendi management team is about average.
Management Team
Arnaud de Puyfontaine
Chairman of Management Board & CEO
€2M
54
4.8 yrs
Hervé Philippe
CFO & Member of Management Board
€2M
60
5.3 yrs
Frédéric Crépin
Member of the Management Board
€6M
49
3.4 yrs
Simon Gillham
Senior EVP of Communications & Member of Management Board
€6M
62
3.4 yrs
Stéphane Roussel
Member of Management Board & COO
€4M
57
3.4 yrs
Gilles Alix
Member of the Management Board & Senior VP
€563K
60
1.6 yrs
Cédric de Bailliencourt
Member of the Management Board & Senior VP
€183K
49
1.6 yrs
Xavier Le Roy
Executive Vice President of Investor Relations
Mathieu Peyceré
Executive Vice President of Group Human Resources
51
6.7 yrs
Vincent Vallejo
Senior Vice President of Audit & Special Projects
57
14.9 yrs
Board of Directors Tenure
Average tenure and age of the Vivendi board of directors in years:
- The tenure for the Vivendi board of directors is about average.
Board of Directors
Yannick Bolloré
Chairman of Supervisory Board
€130K
38
1 yrs
Philippe Bénacin
Vice Chairman of Supervisory Board
€105K
59
4.8 yrs
Jean-Rene Fourtou
Honorary Chairman
79
4.8 yrs
Henri Lachmann
Honorary Vice-Chairman of the Supervisory Board
€30K
80
Cathia Lawson-Hall
Independent Member of Supervisory Board
€115K
47
3.6 yrs
Aliza Jabès
Independent Member of Supervisory Board
€90K
56
9 yrs
Vincent Bolloré
Censor & Special Advisor to the Chairman of the Management Board
€60K
66
Katie Stanton
Independent Member of Supervisory Board
€90K
49
4.8 yrs
Paulo Cardoso
Member of Supervisory Board
€105K
45
4.5 yrs
Dominique Delport
Member of Supervisory Board
€90K
51
4 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Vivendi's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Vivendi 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.
News
Simply Wall St News
How Do Vivendi SA’s (EPA:VIV) Returns Compare To Its Industry?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleIs Vivendi SA (EPA:VIV) A Smart Pick For Income Investors?
Historically, Vivendi SA (EPA:VIV) has been paying a dividend to shareholders. … Does Vivendi tick all the boxes of a great dividend stock? … How I analyze a dividend stock
Simply Wall St - – Full articleCould The Vivendi SA (EPA:VIV) Ownership Structure Tell Us Something Useful?
Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … Our analysis of the ownership of the company, below, shows that.
Simply Wall St - – Full articleVivendi SA (EPA:VIV) Has Attractive Fundamentals
Help shape the future of investing tools and receive a $20 prize! … By this I mean, I look at stocks holistically, from their financial health to their future outlook. … financial health as well as
Simply Wall St - – Full articleWhy Vivendi SA (EPA:VIV) Is A Financially Healthy Company
Investors looking for stocks with high market liquidity and little debt on the balance sheet should consider Vivendi SA (EPA:VIV). … With a market valuation of €29b, VIV is a safe haven in times of market uncertainty due to its strong balance sheet. … Using the most recent data for VIV, I will determine its financial status based on its solvency and liquidity, and assess whether the stock is a safe investment.
Simply Wall St - – Full articleShould You Worry About Vivendi SA's (EPA:VIV) CEO Pay?
In 2014 Arnaud de Puyfontaine was appointed CEO of Vivendi SA (EPA:VIV). … First, this article will compare CEO compensation with compensation at other large companies. … How Does Arnaud de Puyfontaine's Compensation Compare With Similar Sized Companies?
Simply Wall St - – Full articleHere's How P/E Ratios Can Help Us Understand Vivendi SA (EPA:VIV)
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). … How Do I Calculate Vivendi's Price To Earnings Ratio … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Vivendi SA (EPA:VIV) Worth €21.05 Based On Intrinsic Value?
How far off is Vivendi SA (EPA:VIV) from its intrinsic value? … by taking the expected future cash flows and discounting them to their present value. … Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model
Simply Wall St - – Full articleIs Vivendi SA's (EPA:VIV) Growth Strong Enough To Justify Its December Share Price?
Vivendi SA (EPA:VIV) is considered a high-growth stock, but its last closing price of €21.22 left some investors wondering if this high future earnings potential can be rationalized by its current price tag. … Let’s look into this by assessing VIV's expected growth over the next few years. … According to the analysts covering the company, the following few years should bring about good growth prospects for Vivendi
Simply Wall St - – Full articleIs Vivendi SA's (EPA:VIV) ROE Of 7.2% Concerning?
With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.072. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleCompany Info
Description
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, Vivendi Village, and New Initiatives segments. The Universal Music Group segment engages in the sale of digital and physical recorded music; and exploitation of music publishing rights, as well as provision of artist and merchandising services. The Canal+ Group segment publishes and distributes premium and thematic pay-TV and free-to-air channels; and produces, sells, and distributes movies and TV series. The Havas segment includes communications disciplines, such as creativity, media expertise, and healthcare/wellness. The Gameloft segment engages in the creation and publishing of downloadable video games for mobile phones, tablets, triple-play boxes, and smart TVs. The Vivendi Village segment provides ticketing services; and owns and manages intellectual property rights, live performances, festival productions, and venues. The New Initiatives segment operates Dailymotion, a video content aggregation and distribution platform; and Vivendi Content, a content creation unit, as well as develops ultra-high-speed Internet service. The company was formerly known as Vivendi Universal S.A. and changed its name to Vivendi SA in April 2006. Vivendi SA was founded in 1853 and is headquartered in Paris, France.
Details
| Name: | Vivendi SA |
| VIV | |
| Exchange: | ENXTPA |
| Founded: | 1853 |
| €32,641,766,722 | |
| 1,271,096,835 | |
| Website: | http://www.vivendi.com |
| Address: |
Vivendi SA 42 avenue de Friedland, Cedex 08, Paris, Ile-de-France, 75380, France |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| ENXTPA | VIV | Common Shares | Euronext Paris | FR | EUR | 11. Dec 2000 | |
| OTCPK | VIVE.F | Common Shares | Pink Sheets LLC | US | USD | 11. Dec 2000 | |
| DB | VVU | Common Shares | Deutsche Boerse AG | DE | EUR | 11. Dec 2000 | |
| XTRA | VVU | Common Shares | XETRA Trading Platform | DE | EUR | 11. Dec 2000 | |
| LSE | 0IIF | Common Shares | London Stock Exchange | GB | EUR | 11. Dec 2000 | |
| SWX | VIV | Common Shares | SIX Swiss Exchange | CH | CHF | 11. Dec 2000 | |
| BIT | VIV | Common Shares | Borsa Italiana | IT | EUR | 11. Dec 2000 | |
| WBAG | VIV | Common Shares | Wiener Boerse AG | AT | EUR | 11. Dec 2000 | |
| BMV | VIVEN N | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 11. Dec 2000 | |
| BATS-CHIXE | VIVP | Common Shares | BATS 'Chi-X Europe' | GB | EUR | 11. Dec 2000 | |
| OTCPK | VIVH.Y | UNSPONSORD ADR | Pink Sheets LLC | US | USD | 12. Jan 2011 | |
| DB | VVUD | UNSPONSORD ADR | Deutsche Boerse AG | DE | EUR | 12. Jan 2011 |
Number of employees
Current staff
Industry
| Movies and Entertainment | |
| Media |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/17 20:43 |
| End of day share price update: | 2019/04/17 00:00 |
| Last estimates confirmation: | 2019/04/17 |
| Last earnings filing: | 2019/02/14 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
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.
