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Vivint Solar

NYSE:VSLR
Snowflake Description

Reasonable growth potential with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VSLR
NYSE
$890M
Market Cap
  1. Home
  2. US
  3. Capital Goods
Company description

Vivint Solar, Inc. provides distributed solar energy primarily to residential customers in the United States. The last earnings update was 41 days ago. More info.


Add to Portfolio Compare Print
  • Vivint Solar has significant price volatility in the past 3 months.
VSLR Share Price and Events
7 Day Returns
9.3%
NYSE:VSLR
-1.8%
US Electrical
0.1%
US Market
1 Year Returns
46.1%
NYSE:VSLR
-4.2%
US Electrical
1.2%
US Market
VSLR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vivint Solar (VSLR) 9.3% 16.4% 43.3% 46.1% 145.2% -
US Electrical -1.8% -0.9% -4.2% -4.2% 24.2% 2.3%
US Market 0.1% 0.6% 0.9% 1.2% 36.7% 37.9%
1 Year Return vs Industry and Market
  • VSLR outperformed the Electrical industry which returned -4.2% over the past year.
  • VSLR outperformed the Market in United States of America which returned 1.2% over the past year.
Price Volatility
VSLR
Industry
5yr Volatility vs Market
Related Companies

VSLR Value

 Is Vivint Solar 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
  • It is not possible to calculate the future cash flow value for Vivint Solar. This is due to cash flow or dividend data being unavailable. The share price is $7.38.
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 Vivint Solar's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vivint Solar's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:VSLR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-0.24
NYSE:VSLR Share Price ** NYSE (2019-06-18) in USD $7.38
United States of America Electrical Industry PE Ratio Median Figure of 30 Publicly-Listed Electrical Companies 16.44x
United States of America Market PE Ratio Median Figure of 3,092 Publicly-Listed Companies 17.63x

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

** Primary Listing of Vivint Solar.

NYSE:VSLR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:VSLR Share Price ÷ EPS (both in USD)

= 7.38 ÷ -0.24

-30.39x

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

  • Vivint Solar is loss making, we can't compare its value to the US Electrical industry average.
  • Vivint Solar is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Vivint Solar's expected growth come at a high price?
Raw Data
NYSE:VSLR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -30.39x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts
111.2%per year
United States of America Electrical Industry PEG Ratio Median Figure of 18 Publicly-Listed Electrical Companies 1.99x
United States of America Market PEG Ratio Median Figure of 2,126 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Vivint Solar, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Vivint Solar's assets?
Raw Data
NYSE:VSLR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $2.17
NYSE:VSLR Share Price * NYSE (2019-06-18) in USD $7.38
United States of America Electrical Industry PB Ratio Median Figure of 63 Publicly-Listed Electrical Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,244 Publicly-Listed Companies 1.79x
NYSE:VSLR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:VSLR Share Price ÷ Book Value per Share (both in USD)

= 7.38 ÷ 2.17

3.41x

* Primary Listing of Vivint Solar.

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

  • Vivint Solar is overvalued based on assets compared to the US Electrical industry average.
X
Value checks
We assess Vivint Solar'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 Electrical 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 Electrical industry average (and greater than 0)? (1 check)
  5. Vivint Solar has a total score of 0/6, 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.

VSLR Future Performance

 How is Vivint Solar expected to perform in the next 1 to 3 years based on estimates from 5 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
111.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vivint Solar expected to grow at an attractive rate?
  • Vivint Solar's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Vivint Solar's earnings growth is expected to exceed the United States of America market average.
  • Vivint Solar's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:VSLR Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:VSLR Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 5 Analysts 111.2%
NYSE:VSLR Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 5 Analysts 14.5%
United States of America Electrical Industry Earnings Growth Rate Market Cap Weighted Average 10.3%
United States of America Electrical Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NYSE:VSLR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:VSLR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 423 -141 113 2
2020-12-31 407 -89 64 5
2019-12-31 332 -151 -27 5
NYSE:VSLR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 291 -101 -29
2018-12-31 290 -46 -16
2018-09-30 294 -32 181
2018-06-30 291 -39 196
2018-03-31 283 -51 183
2017-12-31 268 -34 209
2017-09-30 243 -66 45
2017-06-30 209 -70 55
2017-03-31 171 -102 62
2016-12-31 135 -166 18
2016-09-30 109 -168 -15
2016-06-30 91 -174 -32

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vivint Solar's earnings are expected to grow significantly at over 20% yearly.
  • Vivint Solar's revenue is expected to grow by 14.5% 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
NYSE:VSLR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 5 Analyst Estimates (S&P Global) See Below

All data from Vivint Solar Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VSLR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.95 0.95 0.95 1.00
2020-12-31 0.53 0.95 0.23 3.00
2019-12-31 -0.09 0.39 -0.54 5.00
NYSE:VSLR Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -0.24
2018-12-31 -0.13
2018-09-30 1.56
2018-06-30 1.70
2018-03-31 1.60
2017-12-31 1.85
2017-09-30 0.40
2017-06-30 0.50
2017-03-31 0.57
2016-12-31 0.17
2016-09-30 -0.14
2016-06-30 -0.30

*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.
  • Unable to establish if Vivint Solar will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Vivint Solar'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 United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America 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.
Vivint Solar 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.

VSLR Past Performance

  How has Vivint Solar 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 Vivint Solar's growth in the last year to its industry (Electrical).
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.
  • Vivint Solar does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Vivint Solar's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Vivint Solar's 1-year growth to the US Electrical industry average as it is not currently profitable.
Earnings and Revenue History
Vivint Solar'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 Vivint Solar Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VSLR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 291.44 -28.86 174.22 1.85
2018-12-31 290.32 -15.59 152.65 1.87
2018-09-30 293.64 181.19 142.33 2.13
2018-06-30 290.97 195.97 125.87 2.55
2018-03-31 283.16 182.83 120.37 2.93
2017-12-31 268.03 209.10 118.65 3.34
2017-09-30 243.02 45.32 119.45 3.45
2017-06-30 209.14 55.11 115.70 3.39
2017-03-31 171.05 62.50 114.87 2.64
2016-12-31 135.17 17.99 121.04 2.98
2016-09-30 109.42 -15.34 121.50 3.57
2016-06-30 90.64 -31.57 130.06 3.78
2016-03-31 71.87 -30.29 151.25 4.55
2015-12-31 64.18 13.08 140.74 3.90
2015-09-30 55.01 20.13 130.39 3.04
2015-06-30 40.87 -15.62 138.78 2.42
2015-03-31 31.30 -23.78 108.26 2.00
2014-12-31 25.26 -28.88 100.77 1.89
2014-09-30 20.37 -19.53 88.33 1.40
2014-06-30 14.31 38.61 53.18 0.97
2014-03-31 9.09 21.34 37.74 0.47
2013-12-31 6.17 5.64 23.79
2012-12-31 0.45 -34.28 7.06

*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.
  • It is difficult to establish if Vivint Solar has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Vivint Solar used its assets less efficiently than the US Electrical industry average last year based on Return on Assets.
  • It is difficult to establish if Vivint Solar improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Vivint Solar'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 Electrical 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.
Vivint Solar has a total score of 0/6, 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.

VSLR Health

 How is Vivint Solar'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 Vivint Solar's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vivint Solar's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Vivint Solar's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Vivint Solar'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.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x 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 Vivint Solar Company Filings, last reported 2 months ago.

NYSE:VSLR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 468.08 1,341.05 213.47
2018-12-31 481.78 1,229.01 219.59
2018-09-30 475.94 1,157.43 188.63
2018-06-30 469.87 1,128.15 174.01
2018-03-31 488.53 977.42 78.47
2017-12-31 983.51 946.59 108.45
2017-09-30 808.64 904.83 101.76
2017-06-30 810.85 877.24 115.61
2017-03-31 799.58 875.09 150.48
2016-12-31 796.51 767.62 96.59
2016-09-30 799.43 688.19 113.04
2016-06-30 795.88 564.24 69.61
2016-03-31 764.58 515.24 87.16
2015-12-31 778.79 431.39 92.21
2015-09-30 780.44 267.95 81.76
2015-06-30 773.82 220.82 152.22
2015-03-31 762.80 132.43 194.24
2014-12-31 741.56 114.68 261.65
2014-09-30 383.64 154.06 66.15
2014-06-30 231.82 140.45 25.23
2014-03-31 206.34 61.55 13.43
2013-12-31 153.89 45.17 6.04
2012-12-31 89.06 17.00 11.65
  • Vivint Solar's level of debt (276.1%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (30.2% vs 276.1% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Vivint Solar's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Vivint Solar'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. Vivint Solar has a total score of 0/6, 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.

VSLR Dividends

 What is Vivint Solar'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
0%
Current annual income from Vivint Solar dividends. Estimated to be 0% next year.
If you bought $2,000 of Vivint Solar shares you are expected to receive $0 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?
  • Unable to evaluate Vivint Solar's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vivint Solar's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NYSE:VSLR 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 5 Analyst Estimates (S&P Global) See Below
United States of America Electrical Industry Average Dividend Yield Market Cap Weighted Average of 20 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2011 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America 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.

NYSE:VSLR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.00 2.00
2020-12-31 0.00 3.00
2019-12-31 0.00 3.00

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

  • Unable to perform a dividend volatility check as Vivint Solar has not reported any payouts.
  • Unable to verify if Vivint Solar's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vivint Solar's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vivint Solar has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Vivint Solar's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Vivint Solar's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Vivint Solar afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vivint Solar has a total score of 0/6, see the detailed checks below.


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

VSLR Management

 What is the CEO of Vivint Solar'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
David Bywater
COMPENSATION $3,365,645
AGE 48
TENURE AS CEO 3.1 years
CEO Bio

Mr. David H. Bywater has been Chief Executive Officer of Vivint Solar, Inc. since December 19, 2016 and serves as its President. Mr. Bywater served as the Chief Operating Officer of APX Group Holdings, Inc. from July 2013 to December 15, 2016. He served as Chief Operating Officer at Vivint, Inc. since July 2013. He was responsible for the daily operations of Vivint, Inc., including customer operations, human resources, field service and supply chain. He served as an Interim President and Chief Executive Officer of Vivint Solar, Inc. from May 02, 2016 to December 19, 2016. For 20 years, Mr. Bywater has consulted with and run some of the most innovative and dynamic companies in the world and has a strong track record of rapidly expanding small, medium and large enterprises. Before joining Vivint, from 2003 to 2010, he worked at Affiliated Computer Services (ACS). Mr. Bywater served as Senior Managing Director of HRO Solutions for Affiliated Computer Services, Inc. During his tenure with ACS, he ran many of ACS business units including its Commercial Healthcare, Human Capital Management, Provider, Government Transportation and the Government Health & Human Services groups. Mr. Bywater served as Chief Operating Officer of State Government at Xerox Corporation from 2010 to July 2013 and served as its Corporate Vice President since February 2012 and Executive Vice President. Mr. Bywater served as Chief Operating Officer of State Government and Corporate Vice President at ACS Consultant Company, Inc. (now Xerox Consultant Company, Inc.). Mr. Bywater served as Chief Operating Officer of Transportation and Government Healthcare and Corporate Vice President at Xerox Business Services, LLC. He served as Group President of Government Eligibility Services and Executive Vice President at Xerox Business Services, LLC. He served as the Global President of MediConnect Global, Inc. since May 2008. He served as Managing Director of Healthcare Solutions and Chief Operating Officer of Transportation and Government Healthcare at ACS Consultant Company, Inc. Prior to Xerox, from 1999 to 2003 Mr. Bywater worked as Senior Manager at Bain & Company where he worked on helping global clients achieve their full economic and operational potential, primarily in the technology, transportation and data information industries. He has been Director of Vivint Solar, Inc. since January 19, 2017. He serves on the board of Ouelessebougou-Utah Alliance, a non-profit organization that leads and funds medical, educational and economic initiatives in Mali, Africa. Mr. Bywater holds a Bachelor of Science degree in economics from Brigham Young University and an MBA from Harvard Business School.

CEO Compensation
  • David's compensation has increased whilst company is loss making.
  • David's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Vivint Solar management team in years:

3.1
Average Tenure
48
Average Age
  • The tenure for the Vivint Solar management team is about average.
Management Team

David Bywater

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
48
TENURE
3.1 yrs

Dana Russell

TITLE
CFO & Executive VP
COMPENSATION
$3M
AGE
56
TENURE
5.6 yrs

Thomas Plagemann

TITLE
Chief Commercial Officer & Executive VP of Capital Markets
COMPENSATION
$2M
AGE
55
TENURE
5.7 yrs

Bryan Christiansen

TITLE
Chief Operating Officer
COMPENSATION
$2M
AGE
44
TENURE
2.7 yrs

Mark Trout

TITLE
Chief Technology & Information Officer
TENURE
4.3 yrs

Rob Kain

TITLE
Vice President of Investor Relations

Dan Black

TITLE
Chief Legal Officer
TENURE
3.1 yrs

Helen Langan

TITLE
Senior Director of Communications

L. Allred

TITLE
Chief Sales Officer
COMPENSATION
$756K
AGE
40
TENURE
2.8 yrs

Miranda Barnard

TITLE
Vice President of Marketing
TENURE
0.9 yrs
Board of Directors Tenure

Average tenure and age of the Vivint Solar board of directors in years:

5.5
Average Tenure
47
Average Age
  • The tenure for the Vivint Solar board of directors is about average.
Board of Directors

Peter Wallace

TITLE
Chairman of the Board
AGE
43
TENURE
5.3 yrs

David Bywater

TITLE
CEO, President & Director
COMPENSATION
$3M
AGE
48
TENURE
2.4 yrs

David D’Alessandro

TITLE
Director
COMPENSATION
$211K
AGE
67
TENURE
5.8 yrs

Joe Tibbetts

TITLE
Director
COMPENSATION
$215K
AGE
65
TENURE
4.8 yrs

Alex Dunn

TITLE
Director
COMPENSATION
$55K
AGE
46
TENURE
6.6 yrs

Bruce McEvoy

TITLE
Director
AGE
41
TENURE
6.6 yrs

Todd Pedersen

TITLE
Director
COMPENSATION
$60K
AGE
49
TENURE
6.6 yrs

Jay Pauley

TITLE
Director
AGE
40
TENURE
3.8 yrs
Who owns this company?
Recent Insider Trading
  • Vivint Solar insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. May 19 Sell Alexander Dunn Individual 13. May 19 14. May 19 -100,000 $6.46 $-624,720
06. Dec 18 Sell The Blackstone Group L.P. Company 04. Dec 18 04. Dec 18 -8,000,000 $5.20 $-41,580,000
16. Aug 18 Sell Joseph Tibbetts Individual 14. Aug 18 14. Aug 18 -20,000 $5.11 $-102,290
X
Management checks
We assess Vivint Solar'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. Vivint Solar 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.

VSLR News

Simply Wall St News

If You Had Bought Vivint Solar (NYSE:VSLR) Stock Three Years Ago, You Could Pocket A 187% Gain Today

Check out our latest analysis for Vivint Solar Because Vivint Solar is loss-making, we think the market is probably more focussed on revenue and revenue growth, at least for now. … NYSE:VSLR Income Statement, May 12th 2019 If you are thinking of buying or selling Vivint Solar stock, you should check out this FREE detailed report on its balance sheet. … A Different Perspective We're pleased to report that Vivint Solar rewarded shareholders with a total shareholder return of 49% over the last year.

Simply Wall St -

Can You Imagine How Vivint Solar's Shareholders Feel About The 76% Share Price Increase?

(NYSE:VSLR) share price is 76% higher than it was a year ago, much better than the market return of around 1.5% (not including dividends) in the same period. … During the last year Vivint Solar grew its earnings per share (EPS) by 285%. … So it seems like the market has cooled on Vivint Solar, despite the growth.

Simply Wall St -

Should You Worry About Vivint Solar, Inc.'s (NYSE:VSLR) CEO Pay?

David Bywater became the CEO of Vivint Solar, Inc. … First, this article will compare CEO compensation with compensation at similar sized companies. … How Does David Bywater's Compensation Compare With Similar Sized Companies?

Simply Wall St -

How Many Vivint Solar, Inc. (NYSE:VSLR) Shares Do Institutions Own?

The big shareholder groups in Vivint Solar, Inc. … Generally speaking, as a company grows, institutions will increase their ownership. … We can zoom in on the different ownership groups, to learn more about VSLR

Simply Wall St -

Vivint Solar Inc (NYSE:VSLR) Insiders Have Been Selling

So before you buy or sell Vivint Solar Inc (NYSE:VSLR), you may well want to know whether insiders have been buying or selling. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … Vivint Solar Insider Transactions Over The Last Year.

Simply Wall St -

How Much is Vivint Solar Inc's (NYSE:VSLR) CEO Getting Paid?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does David Bywater's Compensation Compare With Similar Sized Companies. … A first glance this seems like a real positive for shareholders, since David Bywater is paid less than the average compensation paid by similar sized companies.

Simply Wall St -

Should You Be Tempted To Buy Vivint Solar Inc (NYSE:VSLR) At Its Current PE Ratio?

I am writing today to help inform people who are new to the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … Vivint Solar Inc (NYSE:VSLR) trades with a trailing P/E of 3.1, which is lower than the industry average of 18.3.

Simply Wall St -

What You Must Know About Vivint Solar Inc's (NYSE:VSLR) Financial Strength

Vivint Solar Inc (NYSE:VSLR) is a small-cap stock with a market capitalization of US$605.48m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is

Simply Wall St -

What Investors Should Know About Vivint Solar Inc's (NYSE:VSLR) Financial Strength

How does VSLR’s operating cash flow stack up against its debt? … Moving onto cash from operations, its operating cash flow is not yet significant enough to calculate a meaningful cash-to-debt ratio, indicating that operational efficiency is something we’d need to take a look at. … Next Steps: VSLR’s debt and cash flow levels indicate room for improvement.

Simply Wall St -

Is Vivint Solar Inc (VSLR) A Buy At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for VSLR Price per share = $3.35 Earnings per share = $0.405 ∴ Price-Earnings Ratio = $3.35 ÷ $0.405 = 8.3x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … For example, if you accidentally compared higher growth firms with VSLR, then VSLR’s P/E would naturally be lower since investors would reward its peers’ higher growth with a higher price. … Alternatively, if you inadvertently compared less risky firms with VSLR, VSLR’s P/E would again be lower since investors would reward its peers’ lower risk with a higher price as well.

Simply Wall St -

VSLR Company Info

Description

Vivint Solar, Inc. provides distributed solar energy primarily to residential customers in the United States. It owns and installs solar energy systems through long-term customer contracts. The company also sells photovoltaic installation products, as well as solar renewable energy certificates. As of December 31, 2018, it had an aggregate capacity of 1,060.9 megawatts covering approximately 154,600 homes. The company was formerly known as V Solar Holdings, Inc. and changed its name to Vivint Solar, Inc. in April 2014. Vivint Solar, Inc. was founded in 2011 and is headquartered in Lehi, Utah.

Details
Name: Vivint Solar, Inc.
VSLR
Exchange: NYSE
Founded: 2011
$890,113,881
120,611,637
Website: http://www.vivintsolar.com
Address: Vivint Solar, Inc.
1800 West Ashton Boulevard,
Lehi,
Utah, 84043,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE VSLR Common Stock New York Stock Exchange US USD 01. Oct 2014
DB 0VS Common Stock Deutsche Boerse AG DE EUR 01. Oct 2014
Number of employees
Current staff
Staff numbers
2,542
Vivint Solar employees.
Industry
Electrical Components and Equipment
Capital Goods
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/06/19 00:36
End of day share price update: 2019/06/18 00:00
Last estimates confirmation: 2019/06/17
Last earnings filing: 2019/05/09
Last earnings reported: 2019/03/31
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.