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Vivendi (VIVHY)
OTHER OTC:VIVHY
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Vivendi
(OTC:VIVHY)
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Select Model
Rating:43Neutral
Price Target:
$2.00
▼(-28.32% Downside)
Action:ReiteratedDate:03/15/26
The score is held down primarily by highly volatile financial performance (sharp revenue decline, weak core operating profitability, and a significant 2025 cash-flow drop). Technicals add further pressure with a clear downtrend and very weak momentum. Valuation also detracts due to a high P/E and an unusually high dividend yield that may reflect elevated risk.
Positive Factors
Diversified content portfolio
Owning leading assets across music, pay-TV and publishing provides durable revenue diversification. Multiple content verticals reduce single-market exposure, enable cross-platform licensing and recurring subscription and royalty income that support steady cash flows over multi-quarter horizons.
Manageable leverage and balance-sheet support
A moderate and improving leverage profile gives the company financial flexibility to fund operations, invest in content, or absorb shocks. Sizeable equity relative to debt also provides a buffer against cyclical downturns and limits immediate refinancing risk over coming quarters.
Historical cash generation ability
Prior strong operating and free cash flow demonstrates the group's capacity to convert underlying earnings into distributable cash. That historical cash generation indicates structural ability to self-fund content investment and support payouts when core operations perform.
Negative Factors
Revenue collapse and earnings quality
A material revenue decline undermines the stability of core earnings and suggests structural loss of scale or deconsolidation. When profitability depends on non-operating items, underlying business economics are weak, raising persistent risk to sustainable margins and cash flows.
Sharp 2025 cash-flow deterioration
A sudden drop in operating and free cash flow materially reduces internal funding for content and subscriptions, heightens refinancing or payout pressure, and impairs the firm's ability to invest organically—creating a multi-quarter headwind to durable growth.
Weak and volatile returns on equity
Persistent low or negative ROE signals poor capital conversion into shareholder earnings and questions management's capital-allocation effectiveness. This structural weakness can limit reinvestment returns and make consistent shareholder value creation difficult over time.
Vivendi (VIVHY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.21B
Dividend Yield177.89%
Average Volume (3M)160.42K
Price to Earnings (P/E)120.2
Beta (1Y)1.12
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees2,700
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)-0.01
Shares Outstanding1,022,918,150
10 Day Avg. Volume79,980
30 Day Avg. Volume160,420
Financial Highlights & Ratios
PEG Ratio-1.20
Price to Book (P/B)0.49
Price to Sales (P/S)7.83
P/FCF Ratio133.50
Enterprise Value/Market Cap1.71
Enterprise Value/Revenue26.02
Enterprise Value/Gross Profit85.74
Enterprise Value/Ebitda-80.27
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.11
Revenue Forecast (FY)$369.88M
Vivendi Business Overview & Revenue Model
Company DescriptionVivendi SE operates as a entertainment, media, and communication company in France, the rest of Europe, the Americas, Asia/Oceania, and Africa. It operates through Canal+ Group, Havas Group, Editis, Prisma Media, Gameloft, Vivendi Village, Corporate, and New Initiative segments. The Canal+ Group segment publishes and distributes premium and thematic pay-TV and free-to-air channels; and produces, sells, and distributes movies and TV series. The Havas Group segment includes communications disciplines, such as creativity, media expertise, and healthcare/wellness. The Editis segment engages in the publishing of literature, educational, and reference books, as well as selling and distribution of books. The Prisma Media segment publishes online videos. The Gameloft segment engages in the creation and publishing of downloadable video games for mobile phones, tablets, triple-play boxes, and smart TVs. The Vivendi Village segment provides ticketing services and live performances through Olympia production, festival production, and venues. The Corporate segment offers centralized services. The New Initiative segment operates Dailymotion, a video content aggregation and distribution platform, as well as develops ultra-high-speed Internet service. Vivendi SA was founded in 1853 and is headquartered in Paris, France.
How the Company Makes MoneyVivendi generates revenue through multiple streams, predominantly from its subsidiaries. Universal Music Group, one of the largest music companies in the world, contributes significantly through music sales, streaming services, and licensing agreements. Canal+ Group provides subscription-based television services and advertising revenue from its channels. Hachette Livre, the publishing division, earns income from book sales and publishing rights. Additionally, Vivendi benefits from strategic partnerships and collaborations within the media and entertainment industry, enhancing its distribution capabilities and audience reach. The company's diversified portfolio allows it to leverage various market trends, ensuring a steady flow of income from its core operations.
Vivendi Earnings Call Summary
Earnings Call Date:Mar 06, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted successful spin-off operations and positive stock performance. However, the company faced challenges with declining revenues, particularly for Gameloft, and a significant net loss due to the spin-off. While there were notable achievements in certain segments, the overall financial performance showed some negative trends.Q4-2024 Updates
Positive Updates
Vivendi Stock Performance
Vivendi's stock rose by 15% since the beginning of the year, outperforming the SBF120 index.
Successful Spin-off
The spin-off and respective listings of Group Canal+, Havas, and Louis Hachette Group were completed on a tight schedule, with an approval of 97.5% at the Extraordinary General Meeting.
Positive EBITDA Growth for Gameloft
Despite a 5.7% decrease in revenue, Gameloft increased its EBITDA from €5 million to €8 million, showcasing effective cost management.
Robust Performance of Havas and Louis Hachette Group
Havas closed a historic year, and Louis Hachette Group achieved very strong results, combining Lagardère and Prisma Media.
Dividend Proposal
A dividend of €0.04 per share is proposed, representing a yield of 1.5%, subject to shareholder approval.
Negative Updates
Overall Revenue and EBITDA Decline
Revenue was reported at €297 million, with an EBITDA of minus 1%. The net earnings group shares were negatively impacted by €6 billion due to the split.
Gameloft Revenue Decline
Gameloft's revenue decreased by 5.7%, from €311 million in 2023 to €293 million in 2024.
Net Loss Impacted by Spin-off
The net income group share showed a loss of €6.4 billion due to the fair value adjustment of the distributed assets.
Corporate Cost and Operational Challenges
The corporate cost was €126 million, and there is a plan to reduce operational expenses further, though specific targets for 2025 were not disclosed.
Telecom Italia Stake
Vivendi plans to sell its stake in Telecom Italia, but awaits a favorable position to exit.
Company Guidance
During Vivendi's 2024 fiscal year earnings call, key metrics and guidance were highlighted. The company reported a portfolio valued at €7.1 billion, with a net asset value of €4.8 billion, equating to €4.69 per share. Revenue was noted at €297 million, with EBITDA at minus 1%. Adjusted net income stood at €111 million, while net earnings group shares were negatively impacted by €6 billion due to the split of assets. The group experienced a 15% rise in stock value since the start of the year, outperforming the SBF120 index. Gameloft, an operational asset, saw a revenue drop of 5.7% but improved EBITDA from €5 million to €8 million. The company also highlighted a 30% loan-to-value ratio, with a net debt of €2.72 billion. The management spoke about reducing corporate costs and a strategic plan to sell its stake in Telecom Italia, while emphasizing continued investment in Gameloft for organic growth and potential acquisitions. An ordinary dividend of €0.04 per share, representing a yield of 1.5%, was proposed for approval at the April 28 shareholders' meeting.Vivendi Financial Statement Overview
Summary
Financials are unstable: revenue collapses in 2024–2025 and profitability appears driven by non-operating items (2025 shows a small net profit despite deeply negative operating profit). Cash flow deteriorates sharply in 2025 after stronger 2023–2024, while the balance sheet is a relative support with manageable leverage but weak/volatile returns on equity.Income Statement
Results are highly volatile and recently pressured. Revenue collapses in 2024–2025 versus prior years (after steady growth in 2021–2023), suggesting major business changes or deconsolidation. Profitability is inconsistent: 2024 shows an extremely large net loss, while 2025 returns to a small net profit despite deeply negative operating profit, pointing to reliance on non-operating items rather than core earnings. Gross margin also trends down sharply by 2025, reinforcing weaker underlying economics.34
Negative
Balance Sheet
Leverage looks manageable overall, with debt-to-equity generally moderate and improving in 2025 versus 2024. Equity remains sizable relative to debt, providing balance-sheet support. However, returns on equity are weak and unstable (including sharply negative in 2024), indicating that capital is not being consistently converted into shareholder earnings and increasing the risk that asset value or earnings power is not durable.62
Positive
Cash Flow
Cash generation is mixed. 2023–2024 show strong operating and free cash flow (and free cash flow closely tracking reported earnings in 2023–2024), but 2025 operating and free cash flow fall to very low levels and free cash flow growth turns sharply negative. This recent drop raises concerns about the sustainability of cash generation and the quality of the 2025 earnings rebound.47
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 145.00M | 294.88M | 297.00M | 10.51B | 9.60B | 8.72B |
| Gross Profit | 44.00M | 64.36M | 86.00M | 4.82B | 4.24B | 3.85B |
| EBITDA | -47.00M | -74.92M | 101.00M | -104.00M | 926.00M | 895.00M |
| Net Income | 30.00M | 19.21M | -6.00B | 405.00M | -1.01B | 24.69B |
Balance Sheet | ||||||
| Total Assets | 7.33B | 6.95B | 7.93B | 38.25B | 31.28B | 33.37B |
| Cash, Cash Equivalents and Short-Term Investments | 240.00M | 201.91M | 107.00M | 2.19B | 2.55B | 4.46B |
| Total Debt | 1.98B | 1.73B | 2.69B | 9.11B | 4.43B | 5.15B |
| Total Liabilities | 2.51B | 2.25B | 3.34B | 21.01B | 13.68B | 14.17B |
| Stockholders Equity | 4.82B | 4.70B | 4.59B | 17.11B | 17.37B | 18.98B |
Cash Flow | ||||||
| Free Cash Flow | -66.00M | 17.29M | 1.84B | 932.00M | 363.00M | 1.18B |
| Operating Cash Flow | -64.00M | 20.17M | 1.84B | 937.00M | 748.00M | 1.64B |
| Investing Cash Flow | 994.00M | 1.07B | -2.13B | 808.00M | -695.00M | -3.75B |
| Financing Cash Flow | -796.00M | -938.44M | -1.83B | -1.47B | -1.44B | 4.43B |
Vivendi Technical Analysis
Negative
2.79
Price Trends
2.61
Negative
2.83
Negative
3.16
Negative
Market Momentum
-0.11
Positive
23.43
Positive
11.62
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VIVHY, the sentiment is Negative. The current price of 2.79 is above the 20-day moving average (MA) of 2.45, above the 50-day MA of 2.61, and below the 200-day MA of 3.16, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 23.43 is Positive, neither overbought nor oversold. The STOCH value of 11.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VIVHY.
Vivendi Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | $7.36B | 8.40 | 7.05% | 5.28% | -2.80% | ― | |
62 Neutral | $67.31B | 98.11 | 2.05% | ― | -4.29% | ― | |
61 Neutral | $14.27B | 22.61 | 48.36% | 2.47% | 4.37% | -16.22% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | $1.26B | -64.47 | -1.53% | ― | -10.68% | -127.54% | |
47 Neutral | $2.82B | ― | 20.86% | ― | 97.19% | -21.46% | |
43 Neutral | $2.21B | 120.15 | 0.64% | 177.89% | ― | ― |
* Communication Services Sector Average
VIVHY
Vivendi
2.18
-0.77
-26.13%
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IQ
Iqiyi
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WMG
Warner Music Group
27.32
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LION
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9.72
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WBD
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27.14
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158.97%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.