NasdaqGS:DSP

Stock Analysis Report

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Market Cap

US$1.0b

Last Updated

2021/08/01 22:34 UTC

Data Sources

Company Financials +

Share Price & News

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


Latest Share Price and Events

Stable Share Price: DSP is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: Insufficient data to determine DSP's volatility change over the past year.


Market Performance


7 Day Return

-1.0%

DSP

-0.8%

US Software

-0.4%

US Market


1 Year Return

n/a

DSP

38.6%

US Software

35.9%

US Market

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.


Shareholder returns

DSPIndustryMarket
7 Day-1.0%-0.8%-0.4%
30 Day-37.5%2.0%-0.3%
90 Day-49.0%12.9%3.1%
1 Yearn/a39.3%38.6%38.0%35.9%
3 Yearn/a145.7%139.1%62.9%52.7%
5 Yearn/a350.9%327.7%121.3%96.9%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

10.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DSP ($17.29) is trading above our estimate of fair value ($8.4)

Significantly Below Fair Value: DSP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DSP is good value based on its PE Ratio (10.9x) compared to the US Software industry average (50.5x).

PE vs Market: DSP is good value based on its PE Ratio (10.9x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: DSP is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: DSP is good value based on its PB Ratio (3.1x) compared to the US Software industry average (6.7x).


Future Growth

How is Viant Technology forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

48.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSP's forecast earnings growth (48% per year) is above the savings rate (2%).

Earnings vs Market: DSP's earnings (48% per year) are forecast to grow faster than the US market (15% per year).

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

Revenue vs Market: DSP's revenue (16.2% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: DSP's revenue (16.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DSP's Return on Equity is forecast to be low in 3 years time (8.9%).


Past Performance

How has Viant Technology performed over the past 5 years?

-45.3%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: DSP has high quality earnings.

Growing Profit Margin: DSP's current net profit margins (3%) are lower than last year (5.6%).


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 (-45.3%) over the past year, making it difficult to compare to the Software industry average (34.7%).


Return on Equity

High ROE: DSP's Return on Equity (2.1%) is considered low.


Financial Health

How is Viant Technology's financial position?


Financial Position Analysis

Short Term Liabilities: DSP's short term assets ($309.9M) exceed its short term liabilities ($56.6M).

Long Term Liabilities: DSP's short term assets ($309.9M) exceed its long term liabilities ($24.5M).


Debt to Equity History and Analysis

Debt Level: DSP's debt to equity ratio (9%) 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 (128%).

Interest Coverage: DSP's interest payments on its debt are well covered by EBIT (6.5x coverage).


Balance Sheet


Dividend

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

0.002%

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?

0.8yrs

Average management tenure


CEO

Tim Vanderhook (40 yo)

0.75

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 ($USD1.40M) is below average for companies of similar size in the US market ($USD2.44M).

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 ( 0.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: DSP's board of directors are not considered experienced ( 0.4 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: Insufficient data to determine if insiders have bought more shares than they have sold 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 company bio, 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$1.019b
  • Market Cap: US$198.835m
  • Shares outstanding: 58.94m
  • Website: https://viantinc.com

Number of Employees


Location

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

Listings


Biography

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 adve...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/08/01 22:34
End of Day Share Price2021/07/30 00:00
Earnings2021/03/31
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.