ENXTPA:VIV - Analysts future estimates and past financials data (EUR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	19,719	1,267	946	1,899	4
12/31/2025	19,222	1,121	865	1,790	4
12/31/2024	18,672	924	782	1,669	5
6/30/2024	14,864	389	839	1,337	N/A
3/31/2024	12,687	413	686	1,137	N/A
12/31/2023	10,510	437	532	937	N/A
9/30/2023	10,137	-282	314	716	N/A
6/30/2023	9,764	-1,002	95	494	N/A
3/31/2023	9,680	-857	213	605	N/A
12/31/2022	9,595	-712	330	715	N/A
9/30/2022	9,224	-440	603	994	N/A
6/30/2022	8,852	-169	876	1,272	N/A
3/31/2022	8,785	-399	1,038	1,455	N/A
12/31/2021	8,717	-630	1,199	1,637	N/A
6/30/2021	5,486	-652	856	1,230	N/A
3/31/2021	7,077	-291	855	1,228	N/A
12/31/2020	8,668	69	853	1,226	N/A
9/30/2020	16,106	1,630	1,215	1,648	N/A
6/30/2020	16,121	1,820	1,642	2,069	N/A
3/31/2020	16,010	1,702	1,249	1,669	N/A
12/31/2019	15,898	1,583	855	1,268	N/A
9/30/2019	15,354	1,033	733	1,132	N/A
6/30/2019	14,809	482	610	996	N/A
3/31/2019	14,371	305	723	1,092	N/A
1/1/2019	13,932	127	836	1,187	N/A
10/1/2018	14,076	963	1,262	1,612	N/A
6/30/2018	13,532	1,205	1,081	1,386	N/A
3/31/2018	13,093	1,198	N/A	1,923	N/A
1/1/2018	12,518	1,216	N/A	1,690	N/A
9/30/2017	11,753	458	N/A	987	N/A
6/30/2017	11,237	499	N/A	987	N/A
3/31/2017	10,991	474	N/A	427	N/A
12/31/2016	10,819	1,236	N/A	658	N/A
9/30/2016	10,859	1,322	N/A	774	N/A
6/30/2016	10,711	900	N/A	622	N/A
3/31/2016	10,761	1,546	N/A	282	N/A
12/31/2015	10,762	699	N/A	240	N/A
9/30/2015	10,586	-114	N/A	758	N/A
6/30/2015	10,478	353	N/A	1,630	N/A
3/31/2015	10,264	-264	N/A	2,755	N/A
12/31/2014	10,089	-290	N/A	3,593	N/A
9/30/2014	10,077	162	N/A	4,106	N/A
6/30/2014	10,097	-116	N/A	4,460	N/A
3/31/2014	9,743	-49	N/A	4,755	N/A
12/31/2013	10,252	43	N/A	5,240	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VIV's forecast earnings growth (33.6% per year) is above the savings rate (1.4%).

Earnings vs Market: VIV's earnings (33.6% per year) are forecast to grow faster than the French market (12.4% per year).

High Growth Earnings: VIV's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: VIV's revenue (9.1% per year) is forecast to grow faster than the French market (5.6% per year).

High Growth Revenue: VIV's revenue (9.1% 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 (5.8%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 04:22
End of Day Share Price	2024/12/18 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vivendi SE is covered by 43 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jean-Michel Salvador	AlphaValue
William Noel Milner	Arete Research Services LLP
Alvaro del Pozo Maroto	Banco de Sabadell. S.A.

Vivendi Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

Price target decreased by 15% to €10.94

Price target increased to €14.35

Price target decreased to €13.93

Price target decreased to €21.80

Here's What Analysts Are Forecasting For Vivendi SE (EPA:VIV) After Its Interim Results

Recent updates

Price target decreased by 15% to €10.94

CVC Reportedly in Talks to Buy Vivendi's Stake in Telecom Italia

Vivendi SE(ENXTPA:VIV) dropped from S&P EUROPE 350 - Communication Services (Sector )

First half 2024 earnings released: EPS: €0.16 (vs €0.20 in 1H 2023)

Vivendi Announces the Conclusion of A Settlement Agreement with All the Institutional Investors

Vivendi SE Approves Cash Dividend for the Fiscal Year 2023, Payable from May 3, 2024

Vivendi SE (EPA:VIV) Could Be Riskier Than It Looks

Upcoming dividend of €0.25 per share

Here's Why Vivendi (EPA:VIV) Can Manage Its Debt Responsibly

Dividend of €0.25 announced

The Strong Earnings Posted By Vivendi (EPA:VIV) Are A Good Indication Of The Strength Of The Business

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Vivendi SE Proposes Ordinary Cash Dividend for the Fiscal Year 2023, Payable from May 3, 2024

When Should You Buy Vivendi SE (EPA:VIV)?

Vivendi SE to Report Fiscal Year 2023 Results on Mar 07, 2024

Are Investors Undervaluing Vivendi SE (EPA:VIV) By 32%?

New minor risk - Shareholder dilution

Vivendi Reportedly to Consider Options for Stake in Telecom Italia

Vivendi (EPA:VIV) Seems To Use Debt Quite Sensibly

Vivendi SE (ENXTPA:VIV) completed the acquisition of 12.46% stake in Lagardere SA (ENXTPA:MMB) for €450 million.

When Should You Buy Vivendi SE (EPA:VIV)?

Vivendi SE (ENXTPA:VIV) completed the acquisition of remaining 55% stake in Lagardere SA (ENXTPA:MMB).

Vivendi Appoints Damien Marchi as Executive Vice-President, Corporate Social Responsibility

Vivendi SE's (EPA:VIV) Intrinsic Value Is Potentially 39% Above Its Share Price

These 4 Measures Indicate That Vivendi (EPA:VIV) Is Using Debt Reasonably Well

Is It Time To Consider Buying Vivendi SE (EPA:VIV)?

Groupe Figaro SAS signed an agreement to acquire Gala from Vivendi SE (ENXTPA:VIV).

New minor risk - Shareholder dilution

First half 2023 earnings released: EPS: €0.17 (vs €0.47 in 1H 2022)

Vivendi in Talks to Sell Gala Magazine to Groupe Figaro

Vivendi SE to Report First Half, 2023 Results on Jul 27, 2023

Upcoming dividend of €0.25 per share at 2.5% yield

Vivendi (EPA:VIV) Has A Pretty Healthy Balance Sheet

Full year 2022 earnings: EPS and revenues miss analyst expectations

Should You Think About Buying Vivendi SE (EPA:VIV) Now?

Vivendi: Gameloft Appoints Alexandre De Rochefort as Chief Executive Officer

Vivendi Se Announces Executive Changes

Estimating The Fair Value Of Vivendi SE (EPA:VIV)

At €8.34, Is It Time To Put Vivendi SE (EPA:VIV) On Your Watch List?

Vivendi SE (ENXTPA:VIV) completed the acquisition of Lagardere SA (ENXTPA:MMB).

Vivendi Appoints Charlotte Levy-Frébault as Director of Internal Communications

These 4 Measures Indicate That Vivendi (EPA:VIV) Is Using Debt Reasonably Well

Vivendi Group Announces Executive Changes

Estimating The Intrinsic Value Of Vivendi SE (EPA:VIV)

Price target increased to €14.35

First half 2022 earnings released: EPS: €0.47 (vs €0.033 in 1H 2021)

Is Now An Opportune Moment To Examine Vivendi SE (EPA:VIV)?

We Think Vivendi (EPA:VIV) Can Manage Its Debt With Ease

Vivendi SE Approves the Distribution of an Ordinary Dividend for Fiscal Year 2021, Payable as from April 28, 2022

Upcoming dividend of €0.25 per share

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Should You Investigate Vivendi SE (EPA:VIV) At €10.75?

Vivendi SE, Annual General Meeting, Apr 25, 2022

Vivendi SE (ENXTPA:VIV) acquired 8.5% stake in Progressif Media from Zewatchers Sa.

Price target decreased to €13.93

Telecom Italia Hires Goldman Sachs and LionTree to Advise on the Takeover Approach by KKR

Vivendi (EPA:VIV) Has A Pretty Healthy Balance Sheet

What Does Vivendi SE's (EPA:VIV) Share Price Indicate?

Calculating The Fair Value Of Vivendi SE (EPA:VIV)

Vivendi SE (ENXTPA:VIV) commences an Equity Buyback Plan for 592,997,810 shares, representing 10% for €3,261.49 million, under the authorization approved on June 22, 2021.

Price target decreased to €21.80

Investor sentiment deteriorated over the past week

Pershing Square Holdings, Ltd. (ENXTAM:PSH), a fund managed by Pershing Square Capital Management, L.P. completed the acquisition of an additional 2.9% stake in Universal Music Group B.V. from Vivendi SE (ENXTPA:VIV)..

Vivendi (EPA:VIV) Seems To Use Debt Quite Sensibly

Pershing Square Holdings, Ltd. (ENXTAM:PSH) and Pershing Square International, Ltd., fund managed by Pershing Square Capital Management, L.P. acquired 7.1% stake Universal Music Group, Inc. from Vivendi SE (ENXTPA:VIV) for $2.8 billion.

Here's What Analysts Are Forecasting For Vivendi SE (EPA:VIV) After Its Interim Results

First half 2021 earnings released: EPS €0.45 (vs €0.66 in 1H 2020)

Here's Why Vivendi SE's (EPA:VIV) CEO Might See A Pay Rise Soon

Upcoming dividend of €0.60 per share

Artisan Partners Opposes Universal Music Group spin-off