Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Vivendi SE is a French investment company headquartered in Paris, specializing in content, media, and entertainment sectors. Originating from Compagnie Générale des Eaux founded in 1853 for water supply, it evolved through diversification into waste management, energy, telecommunications, and media, rebranding to Vivendi in 1998. Key milestones include launching Canal+ in 1984, forming Vivendi Universal in 2000 with Universal Studios, and subsequent spin-offs like Universal Music Group and sales of stakes in NBCUniversal and telecom assets such as SFR and Maroc Telecom. Today, Vivendi wholly owns Gameloft, a pioneer in mobile, PC, console, and digital platform gaming, capitalizing on streaming and subscription trends. It holds strategic stakes in leading firms: Universal Music Group (world's top music company), Banijay (audiovisual production), Lagardère (publishing and travel retail), MediaForEurope (TV and digital media), and Prisa (Latin American media and education). By spinning off assets like Canal+, Havas, and Louis Hachette Group in 2024, Vivendi solidified its role as a portfolio manager of influential entertainment and media investments, shaping global digital content landscapes.
The business is unprofitable at the operating level (-34.20% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 3.4%, steady but not accelerating. Free cash flow declined 104% despite revenue growth, conversion is weakening.
Free cash flow declined 104% versus the prior year, cash generation momentum has weakened. Negative free cash flow of -€68M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
€307M
▲ +3.4% YoY
Net Income (TTM)
€20M
▲ +100.3% YoY
Op. Margin
-34.20%
▲ +11.6pp YoY
ROIC
-1.39%
▼ -0.7pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-€68M
▼ -103.7% YoY
Op. Cash Flow (TTM)
€9M
▼ -99.5% YoY
Net Debt
€1.18B
Cash & Equiv.
€202M
3Y CAGR: -68.3%
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