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DSP

Viant Technology NasdaqGS:DSP Stock Report

Last Price

US$4.18

Market Cap

US$258.7m

7D

-5.2%

1Y

-69.8%

Updated

26 Sep, 2022

Data

Company Financials +
DSP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance0/6
Financial Health6/6
Dividends0/6

DSP Stock Overview

Viant Technology Inc. operates as an advertising software company.

Rewards

Earnings are forecast to grow 68.25% per year

Trading below our calculated fair Price-To-Sales ratio

Risk Analysis

No risks detected for DSP from our risk checks.

Viant Technology Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Viant Technology
Historical stock prices
Current Share PriceUS$4.18
52 Week HighUS$14.13
52 Week LowUS$4.09
Beta0
1 Month Change-10.68%
3 Month Change-24.00%
1 Year Change-69.82%
3 Year Changen/a
5 Year Changen/a
Change since IPO-91.24%

Recent News & Updates

Shareholder Returns

DSPUS SoftwareUS Market
7D-5.2%-4.9%-6.9%
1Y-69.8%-34.3%-23.7%

Return vs Industry: DSP underperformed the US Software industry which returned -35.4% over the past year.

Return vs Market: DSP underperformed the US Market which returned -23% over the past year.

Price Volatility

Is DSP's price volatile compared to industry and market?
DSP volatility
DSP Average Weekly Movement6.0%
Software Industry Average Movement9.0%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: DSP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: DSP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1999350Tim Vanderhookhttps://www.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, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards. The company also offers Holistic, an omnichannel demand side platform for marketers and their agencies to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; Viant Household ID, a household profile, which provides household insights for optimized bid decisions and touchpoint collection across consumer pathways, as well as offers holistic targeting and measurement across channels; World Without Cookies software to manage reach and frequency at the household level; and Viant Identity Graph, which reduces or eliminates the need for cookies by enabling matching of people-based identifiers that anchor digital identifiers that allows marketers to reach targeted consumers in a privacy-conscious manner.

Viant Technology Fundamentals Summary

How do Viant Technology's earnings and revenue compare to its market cap?
DSP fundamental statistics
Market CapUS$258.74m
Earnings (TTM)-US$7.57m
Revenue (TTM)US$227.40m

0.3x

P/S Ratio

-7.9x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DSP income statement (TTM)
RevenueUS$227.40m
Cost of RevenueUS$130.69m
Gross ProfitUS$96.71m
Other ExpensesUS$104.29m
Earnings-US$7.57m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.53
Gross Margin42.53%
Net Profit Margin-3.33%
Debt/Equity Ratio0%

How did DSP perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DSP undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DSP?

Other financial metrics that can be useful for relative valuation.

DSP key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue0.4x
Enterprise Value/EBITDA-4.5x
PEG Ration/a

Price to Sales Ratio vs Peers

How does DSP's PS Ratio compare to its peers?

DSP PS Ratio vs Peers
The above table shows the PS ratio for DSP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average3.1x
UPLD Upland Software
0.8x2.6%US$259.1m
DMRC Digimarc
9.1x8.9%US$261.2m
MAPS WM Technology
0.7x16.4%US$274.0m
LVOX LiveVox Holdings
1.9x17.3%US$247.5m
DSP Viant Technology
0.3x17.0%US$258.7m

Price-To-Sales vs Peers: DSP is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (3.1x).


Price to Earnings Ratio vs Industry

How does DSP's PE Ratio compare vs other companies in the US Software Industry?

Price-To-Sales vs Industry: DSP is good value based on its Price-To-Sales Ratio (0.3x) compared to the US Software industry average (4.3x)


Price to Sales Ratio vs Fair Ratio

What is DSP's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DSP PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.3x
Fair PS Ratio2.1x

Price-To-Sales vs Fair Ratio: DSP is good value based on its Price-To-Sales Ratio (0.3x) compared to the estimated Fair Price-To-Sales Ratio (2.1x).


Share Price vs Fair Value

What is the Fair Price of DSP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DSP ($4.18) is trading above our estimate of fair value ($0)

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


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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Future Growth

How is Viant Technology forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


68.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DSP is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: DSP is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: DSP is expected to become profitable in the next 3 years.

Revenue vs Market: DSP's revenue (17% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: DSP's revenue (17% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if DSP's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Viant Technology performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


15.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DSP is currently unprofitable.

Growing Profit Margin: DSP is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: DSP is unprofitable, but has reduced losses over the past 5 years at a rate of 15.3% per year.

Accelerating Growth: Unable to compare DSP's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: DSP is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (18.3%).


Return on Equity

High ROE: DSP has a negative Return on Equity (-11.95%), as it is currently unprofitable.


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Financial Health

How is Viant Technology's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: DSP's short term assets ($303.6M) exceed its short term liabilities ($70.7M).

Long Term Liabilities: DSP's short term assets ($303.6M) exceed its long term liabilities ($19.0M).


Debt to Equity History and Analysis

Debt Level: DSP is debt free.

Reducing Debt: DSP had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: DSP has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: DSP has sufficient cash runway for more than 3 years if free cash flow continues to grow at historical rates of 30.7% each year


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.013%

Forecast Dividend Yield

Dividend Yield vs Market

Viant Technology Dividend Yield vs Market
How does Viant Technology dividend yield compare to the market?
SegmentDividend Yield
Company (Viant Technology)n/a
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Software)1.1%
Analyst forecast in 3 Years (Viant Technology)0.01%

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DSP has not reported any payouts.


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Management

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

1.9yrs

Average management tenure


CEO

Tim Vanderhook (41 yo)

1.92yrs

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

Tim Vanderhook's Compensation vs Viant Technology Earnings
How has Tim Vanderhook's remuneration changed compared to Viant Technology's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$8m

Mar 31 2022n/an/a

-US$8m

Dec 31 2021US$1mUS$700k

-US$8m

Sep 30 2021n/an/a

-US$4m

Jun 30 2021n/an/a

US$1m

Mar 31 2021n/an/a

US$5m

Dec 31 2020US$1mUS$700k

US$8m

Sep 30 2020n/an/a

US$10m

Dec 31 2019US$1mUS$700k

US$9m

Compensation vs Market: Tim's total compensation ($USD1.40M) is about average for companies of similar size in the US market ($USD1.68M).

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


Board Members

Experienced Board: DSP's board of directors are not considered experienced ( 1.6 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

NasdaqGS:DSP Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Mar 22SellUS$131,498Lawrence MaddenIndividual21,628US$6.08

Ownership Breakdown

What is the ownership structure of DSP?
Owner TypeNumber of SharesOwnership Percentage
Individual Insiders237,4661.7%
Hedge Funds990,9137.0%
General Public3,194,79822.4%
Institutions9,830,62369.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 72.02% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
13.59%
FMR LLC
1,937,677$8.1m-6.01%no data
12.33%
Neuberger Berman Investment Advisers LLC
1,757,975$7.3m0%0.01%
7.9%
ClearBridge Investments, LLC
1,125,949$4.7m0.32%no data
6.95%
Invenomic Capital Management, LP
990,913$4.1m49.9%0.66%
5.72%
BlackRock, Inc.
815,163$3.4m3.48%no data
4.61%
The Vanguard Group, Inc.
657,303$2.7m-25.62%no data
3.82%
Caption Management, LLC
544,124$2.3m24.09%0.21%
2.21%
Potomac Capital Management Inc.
314,900$1.3m6.11%1.81%
1.93%
State Street Global Advisors, Inc.
274,936$1.1m-8.32%no data
1.59%
Geode Capital Management, LLC
226,110$945.1k0.6%no data
1.58%
JPMorgan Chase & Co, Brokerage and Securities Investments
225,897$944.2k93.1%no data
1.18%
Lawrence Madden
167,525$700.3k37.52%no data
1.16%
Renaissance Technologies LLC
165,900$693.5k-25.5%no data
0.9%
D. E. Shaw & Co., L.P.
128,253$536.1k3.88%no data
0.82%
Northern Trust Global Investments
116,510$487.0k14.99%no data
0.78%
MUST Asset Management Inc.
110,963$463.8k63.5%0.26%
0.77%
Susquehanna International Group, LLP, Asset Management Arm
110,005$459.8k-6.18%no data
0.74%
Simplex Trading, LLC, Asset Management Arm
104,915$438.5k115.33%0.02%
0.67%
BNY Mellon Asset Management
95,161$397.8k55.43%no data
0.54%
Viex Capital Advisors, LLC
77,359$323.4k-70.69%1.14%
0.53%
Managed Account Advisors LLC
75,903$317.3k-8.26%no data
0.48%
Morgan Stanley, Investment Banking and Brokerage Investments
68,383$285.8k-3.28%no data
0.42%
SEI Investments Company
59,579$249.0k0%no data
0.4%
State of Wisconsin Investment Board
57,600$240.8k476%no data
0.4%
Los Angeles Capital Management LLC
56,979$238.2k-0.7%no data

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$258.739m
  • Market Cap: US$59.581m
  • Shares outstanding: 61.34m
  • Website: https://www.viantinc.com

Number of Employees


Location

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


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DSPNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDFeb 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/26 00:00
End of Day Share Price2022/09/26 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.