VIAVI SOLUTIONS INC. |
Market Closed -
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|
After market 00:58:05 | |||
| 8.02 USD | +1.26% |
|
7.38 | -7.98% |
| 05-02 | Earnings Flash (VIAV) VIAVI Posts Q3 EPS $0.06, vs. Street Est of $0.07 | MT |
| 05-02 | Earnings Flash (VIAV) VIAVI Posts Q3 Revenue $246M, vs. Street Est of $249M | MT |
Valuation
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 3,197 | 2,807 | 4,006 | 2,982 | 2,520 | 1,785 | - | - |
| Enterprise Value (EV) 1 | 3,254 | 2,868 | 3,926 | 3,107 | 2,725 | 1,874 | 1,715 | 1,532 |
| P/E ratio | 699 x | 103 x | 87.6 x | 187 x | 103 x | 28.1 x | 16.7 x | 14.3 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 2.83 x | 2.47 x | 3.34 x | 2.31 x | 2.28 x | 1.75 x | 1.64 x | 1.54 x |
| EV / Revenue | 2.88 x | 2.52 x | 3.27 x | 2.4 x | 2.46 x | 1.84 x | 1.58 x | 1.33 x |
| EV / EBITDA | 13.7 x | 11.4 x | 13.6 x | 9.64 x | 13.1 x | 11.3 x | 8.02 x | - |
| EV / FCF | 34.7 x | 27.7 x | 20.5 x | 29.4 x | - | 18.3 x | 7.53 x | - |
| FCF Yield | 2.88% | 3.62% | 4.87% | 3.4% | - | 5.46% | 13.3% | - |
| Price to Book | 4.41 x | 3.95 x | 5.16 x | 4.41 x | - | 2.27 x | 1.94 x | 1.66 x |
| Nbr of stocks (in thousands) | 228,686 | 227,973 | 228,639 | 227,831 | 222,449 | 222,566 | - | - |
| Reference price 2 | 13.98 | 12.32 | 17.52 | 13.09 | 11.33 | 8.020 | 8.020 | 8.020 |
| Announcement Date | 15/08/19 | 11/08/20 | 12/08/21 | 11/08/22 | 10/08/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: July | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,130 | 1,136 | 1,199 | 1,292 | 1,106 | 1,018 | 1,086 | 1,155 |
| EBITDA 1 | 237.3 | 250.9 | 289.3 | 322.5 | 207.7 | 165.6 | 213.9 | - |
| EBIT 1 | 197.6 | 210.9 | 253.5 | 286.8 | 172.5 | 126.8 | 177.5 | 220.4 |
| Operating Margin | 17.48% | 18.56% | 21.14% | 22.19% | 15.6% | 12.46% | 16.34% | 19.07% |
| Earnings before Tax (EBT) | 39.3 | 94 | 109.4 | 65.1 | 60.7 | - | 152.4 | - |
| Net income 1 | 5.4 | 28.7 | 46.1 | 15.5 | 25.5 | 93.05 | 152.2 | - |
| Net margin | 0.48% | 2.53% | 3.85% | 1.2% | 2.31% | 9.14% | 14.01% | - |
| EPS 2 | 0.0200 | 0.1200 | 0.2000 | 0.0700 | 0.1100 | 0.2850 | 0.4800 | 0.5600 |
| Free Cash Flow 1 | 93.8 | 103.7 | 191.2 | 105.6 | - | 102.4 | 227.8 | - |
| FCF margin | 8.3% | 9.13% | 15.95% | 8.17% | - | 10.06% | 20.97% | - |
| FCF Conversion (EBITDA) | 39.53% | 41.33% | 66.09% | 32.74% | - | 61.82% | 106.5% | - |
| FCF Conversion (Net income) | 1,737.04% | 361.32% | 414.75% | 681.29% | - | 109.99% | 149.62% | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 15/08/19 | 11/08/20 | 12/08/21 | 11/08/22 | 10/08/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Juli | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 326.8 | 314.8 | 315.5 | 335.3 | 310.2 | 284.5 | 247.8 | 263.6 | 247.9 | 254.5 | 246 | 260.3 | 255.2 | 269.7 | 262.5 |
| EBITDA 1 | 83.2 | 82.2 | 80 | 80.3 | 75.9 | 54.6 | 37.3 | 40.4 | 40.5 | 43 | 32.6 | 40.05 | 40.95 | 52.2 | 45.1 |
| EBIT 1 | 74.3 | 73.3 | 67.7 | 71.5 | 67.4 | 46 | 28.3 | 30.8 | 30.8 | 33.7 | 23 | 32.12 | 33.1 | 42.96 | 39.18 |
| Operating Margin | 22.74% | 23.28% | 21.46% | 21.32% | 21.73% | 16.17% | 11.42% | 11.68% | 12.42% | 13.24% | 9.35% | 12.34% | 12.97% | 15.93% | 14.93% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | - | -9.4 | - | 18.4 | 18.3 | -15.6 | 30.2 | 28.6 | 38.1 | 40.5 |
| Net income 1 | -54.8 | 34.6 | 19.2 | 16.5 | - | 8.4 | -15.4 | -0.1 | 9.8 | 10.7 | -24.6 | 25.6 | 24.3 | 32.4 | 34.4 |
| Net margin | -16.77% | 10.99% | 6.09% | 4.92% | - | 2.95% | -6.21% | -0.04% | 3.95% | 4.2% | -10% | 9.84% | 9.52% | 12.01% | 13.11% |
| EPS 2 | -0.2400 | 0.1400 | 0.0800 | 0.0700 | - | 0.0400 | -0.0700 | - | 0.0400 | 0.0500 | -0.1100 | 0.0950 | 0.1050 | 0.1150 | 0.1200 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 04/11/21 | 03/02/22 | 03/05/22 | 11/08/22 | 03/11/22 | 02/02/23 | 02/05/23 | 10/08/23 | 02/11/23 | 01/02/24 | 02/05/24 | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: Juli | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 57.3 | 60.4 | - | 125 | 205 | 128 | - | - |
| Net Cash position 1 | - | - | 79.7 | - | - | - | 21.4 | 212 |
| Leverage (Debt/EBITDA) | 0.2415 x | 0.2407 x | - | 0.3876 x | 0.9851 x | 0.8091 x | - | - |
| Free Cash Flow 1 | 93.8 | 104 | 191 | 106 | - | 95.1 | 228 | - |
| ROE (net income / shareholders' equity) | 21.4% | 23.8% | 26.3% | 31.4% | 18.3% | 10.2% | 13.5% | 15.1% |
| ROA (Net income/ Total Assets) | 8.13% | 9.54% | 10.5% | 11.9% | - | - | - | - |
| Assets 1 | 66.41 | 300.9 | 440.7 | 130.3 | - | - | - | - |
| Book Value Per Share 2 | 3.170 | 3.120 | 3.390 | 2.970 | - | 3.340 | 3.930 | 4.660 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 45 | 31.9 | 52.1 | 72.5 | - | 26.3 | 36.6 | - |
| Capex / Sales | 3.98% | 2.81% | 4.35% | 5.61% | - | 2.6% | 3.4% | - |
| Announcement Date | 15/08/19 | 11/08/20 | 12/08/21 | 11/08/22 | 10/08/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
BUY
Number of Analysts
8
Last Close Price
8.02
USD
Average target price
12.17
USD
Spread / Average Target
+51.70%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -20.36% | 1.78B | |
| -7.38% | 189B | |
| +11.19% | 82.06B | |
| +62.04% | 67.23B | |
| +7.39% | 56.02B | |
| +28.62% | 31.76B | |
| +65.01% | 20.24B | |
| +12.45% | 20.13B | |
| +8.27% | 17.62B | |
| -10.60% | 17.1B |
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