VIV FP
Vivendi SA
TMT
01/30/2014
Presented
| Date | 01/22/2014 |
| Price | €19.37 |
| Market Cap | $27.40B |
| Ent Value | $48.16B |
| P/E Ratio | 6.28x |
| Book Value | €16.73 |
| Div Yield | N/A |
| Shares O/S | 1,339.00M |
| Ave Daily Vol | 4,250,000 |
| Short Int | N/A |
Current
| Price | €10.27 |
| Market Cap | $11.53B |
| Vivendi Société Anonyme produces, publishes, and distributes digital products and services primarily in France and rest of Europe, the United States, Morocco, Brazil, and internationally. The company operates in six businesses: Activision Blizzard, Universal Music Group, SFR, Maroc Telecom group, GVT, and Canal+ Group. The Activision Blizzard business develops, publishes, and distributes interactive entertainment software online or on other media, such as console and PC. The Universal Music Group business is involved in the sale of recorded music; exploitation of music publishing rights; provision of artist services; and merchandising. The SFR business provides mobile, broadband Internet, and fixed telecommunications services in France. The Maroc Telecom Group business operates as a telecommunication operator in Africa, which provides mobile, fixed telecommunication, and Internet services. The company’s GVT business offers fixed telecommunication, broadband Internet, and pay-TV services in Brazil. The Canal+ Group business publishes and distributes premium and thematic pay-TV channels and free-to-air channels; and produces and distributes cinema films. In addition, it provides expert advisory services by phone; and ticketing and Web ticketing services, as well as sells digital content on the Internet and mobile phones under zaOza brand. The company was formerly known as Vivendi Universal SA and changed its name to Vivendi Société Anonyme in April 2006. Vivendi Société Anonyme was founded in 1853 and is headquartered in Paris, France. |
Please note, this idea was updated on 2/19/2014 and can be read here: Long - Vivendi (VIV FP) (Update).
Highlights
While the presenter believes Vivendi (VIV) is cheap on an absolute basis, he owns shares of the French media conglomerate for exposure to Universal Music Group, which is the world’s largest music publishing business. Universal appears to have recently turned the corner and is now beginning to grow again. In two-to-three years he estimates this business could prove to be worth as much as the present market capitalization of the company. In addition, Vincent Bolloré (VIV’s biggest shareholder) winning a seat on the board has helped support the notion that the company will successfully split itself apart over the course of 2014.
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