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DSP

Viant TechnologyNasdaqGS:DSP Stock Report

Market Cap

US$762.2m

7D

0.3%

1Y

n/a

Updated

24 Sep, 2021

Data

Company Financials +
DSP fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

DSP Overview

Viant Technology Inc. operates as an advertising software company.

Viant Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Viant Technology
Historical stock prices
Current Share PriceUS$12.69
52 Week HighUS$11.50
52 Week LowUS$69.16
Beta0
1 Month Change-3.61%
3 Month Change-57.66%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-73.42%

Recent News & Updates

Shareholder Returns

DSPUS SoftwareUS Market
7D0.3%-0.7%-0.5%
1Yn/a42.4%37.5%

Return vs Industry: Insufficient data to determine how DSP performed against the US Software industry.

Return vs Market: Insufficient data to determine how DSP performed against the US Market.

Price Volatility

Is DSP's price volatile compared to industry and market?
DSP volatility
DSP Beta0
Industry Beta0.95
Market Beta1

Stable Share Price: DSP is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: DSP's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of US stocks.

About the Company

FoundedEmployeesCEOWebsite
1999289Tim Vanderhookhttps://viantinc.com

Viant Technology Inc. operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels. The company also offers cloud-based self-service portal that provides customers with transparency and control over their advertising campaigns and underlying data infrastructure; omnichannel demand side platform for ad buyers to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; and Data lake, a software and self-service enables customers with differentiated insights, including foot-traffic data reports, multi-touch attribution, and ROAS analytics.

Viant Technology Fundamentals Summary

How do Viant Technology's earnings and revenue compare to its market cap?
DSP fundamental statistics
Market CapUS$762.23m
Earnings (TTM)US$1.38m
Revenue (TTM)US$187.22m

556.1x

P/E Ratio

4.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DSP income statement (TTM)
RevenueUS$187.22m
Cost of RevenueUS$102.13m
Gross ProfitUS$85.09m
ExpensesUS$83.72m
EarningsUS$1.38m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.023
Gross Margin45.45%
Net Profit Margin0.73%
Debt/Equity Ratio6.3%

How did DSP perform over the long term?

See historical performance and comparison

Valuation

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

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: DSP ($12.69) is trading below our estimate of fair value ($77.55)

Significantly Below Fair Value: DSP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: DSP is poor value based on its PE Ratio (556.1x) compared to the US Software industry average (58.5x).

PE vs Market: DSP is poor value based on its PE Ratio (556.1x) compared to the US market (17.9x).


Price to Earnings Growth Ratio

PEG Ratio: DSP is poor value based on its PEG Ratio (8.2x)


Price to Book Ratio

PB vs Industry: DSP is overvalued based on its PB Ratio (8x) compared to the US Software industry average (7.9x).


Future Growth

How is Viant Technology forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

67.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSP's forecast earnings growth (67.7% per year) is above the savings rate (2%).

Earnings vs Market: DSP's earnings (67.7% per year) are forecast to grow faster than the US market (14.9% per year).

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

Revenue vs Market: DSP's revenue (16.6% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: DSP's revenue (16.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DSP is forecast to be unprofitable in 3 years.


Past Performance

How has Viant Technology performed over the past 5 years?

-86.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: DSP has a large one-off gain of $6.1M impacting its June 30 2021 financial results.

Growing Profit Margin: DSP's current net profit margins (0.7%) are lower than last year (6%).


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if DSP's year-on-year earnings growth rate was positive over the past 5 years.

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

Earnings vs Industry: DSP had negative earnings growth (-86%) over the past year, making it difficult to compare to the Software industry average (22.1%).


Return on Equity

High ROE: DSP's Return on Equity (-4.6%) is considered low.


Financial Health

How is Viant Technology's financial position?


Financial Position Analysis

Short Term Liabilities: DSP's short term assets ($320.2M) exceed its short term liabilities ($55.8M).

Long Term Liabilities: DSP's short term assets ($320.2M) exceed its long term liabilities ($23.5M).


Debt to Equity History and Analysis

Debt Level: DSP's debt to equity ratio (6.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if DSP's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: DSP's debt is well covered by operating cash flow (176.6%).

Interest Coverage: Insufficient data to determine if DSP's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Viant Technology current dividend yield, its reliability and sustainability?

0.001%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate DSP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DSP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DSP's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DSP's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DSP's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.9yrs

Average management tenure


CEO

Tim Vanderhook (40 yo)

0.92

Tenure

US$1,400,000

Compensation

Mr. Tim Vanderhook has been Chief Executive Officer and Director at Viant Technology Holding Inc since October 9, 2020. Mr. Vanderhook co-founded the Viant Technology, Inc., and has been Chairman since Feb...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD1.40M) is below average for companies of similar size in the US market ($USD2.33M).

Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: DSP's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: DSP's board of directors are not considered experienced ( 0.5 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: DSP insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: DSP only recently listed within the past 12 months.


Top Shareholders

Company Information

Viant Technology Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Viant Technology Inc.
  • Ticker: DSP
  • Exchange: NasdaqGS
  • Founded: 1999
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: US$762.227m
  • Market Cap: US$162.167m
  • Shares outstanding: 60.26m
  • Website: https://viantinc.com

Number of Employees


Location

  • Viant Technology Inc.
  • 2722 Michelson Drive
  • Suite 100
  • Irvine
  • California
  • 92612-8905
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/24 22:07
End of Day Share Price2021/09/24 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.