Skip to Content

Vivendi SE ADR VIVHY

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Vivendi Reports Strong Q3 Revenue Rebound; UMG IPO Puts Focus on Canal+ and M&A Strategy

Neil Macker, CFA Senior Equity Analyst

Analyst Note

| Neil Macker, CFA |

Vivendi's third-quarter trading report was relatively positive as the firm begins its life without the benefit of Universal Music. While we expected a strong bounceback in results at Havas, we were impressed by the organic growth at Canal+. We are maintaining our no-moat rating and our fair value estimate of EUR 13.

Read Full Analysis

Company Profile

Business Description

Vivendi's transformation into a pure-play media firm was completed in 2014, but recent acquisitions and the spinout of Universal Music Group have again changed the firm. The company now operates multiple divisions with one very large core segment: Canal+, a leading producer and distributor of film and TV content in France, produces over 80% of revenue. It also owns Havas, the world’s sixth-largest ad agency holding company; Editis, a French-language book publisher; Gameloft, a mobile game publisher; and minority stakes in multiple companies in Europe.

Contact
42, Avenue de Friedland, Cedex
Paris, 75380, France
T +33 171711000
Sector Communication Services
Industry Broadcasting
Most Recent Earnings Dec 31, 2017
Fiscal Year End Dec 31, 2021
Stock Type
Employees 42,800