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French holding company left after Vivendi's 2024 media demerger, holding residual investments including stakes in listed media and telecom firms.
French holding company left after Vivendi's 2024 media demerger, holding residual investments including stakes in listed media and telecom firms.
Since the 2024 demerger it has had no operating businesses of its own: its main operations, including Canal+ and Havas, were separated into listed companies, so Vivendi mostly lives on dividends from stakes and on proceeds from selling them. The Bolloré group is its controlling shareholder.
In one line: A shrunken French media holding company post break-up.
Moat: none (brand). No longer an operating media company; value depends purely on residual stakes after the 2024 demerger.
Headquarters: Paris, France · Founded: 1853
Size Vivendi (VIV.PA) is a France Communication Services company (Media Conglomerates) with a market value of $1.81B, the 111th largest of 206 France companies the cockpit tracks. Shares closed at €1.68 on 6 Nov 2026.
Performance Over six months the shares fell 22.4%, against -10.6% for the median peer and -0.4% for the France market (cap-weighted) — 2nd lowest of 8 in its peer set.
Growth Revenue fell 98.0% over the last twelve months (peer median -0.6%); the operating margin is -31.5% (peer median 8.3%).
Valuation It trades at 29.9× forward earnings against a peer median of 14.7× (most expensive of 6).
Capital Return on invested capital runs 8.4 points below its cost of capital (7.3% WACC).
Next results Next results expected around 10 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €302M | €307M | €297M | €312M | €9.60B |
| Revenue growth | — | +3% | -5% | -97% | — |
| Gross profit | €97.0M | €94.0M | €86.0M | €91.0M | €4.15B |
| EBITDA | -€44.0M | -€55.0M | €56.0M | -€94.0M | €1.16B |
| Net income | €18.0M | €20.0M | -€6.00B | €405M | -€1.01B |
| Free cash flow | €4.00M | €18.0M | €2.03B | €1.39B | €545M |
| Capital expenditure | €3.00M | €3.00M | €3.00M | €5.00M | €385M |
| Total debt | n/a | €1.73B | €2.68B | €8.07B | €4.12B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Vivendi VIV.PA | $1.81B | -22% | -98% | -31% | 29.9× | n/a |
| Canal+ CAN.L | $3.11B | +2% | +10% | 4% | 9.2× | n/a |
| Havas HAVAS.AS | $1.99B | +10% | +1% | 9% | 8.2× | -8.4% |
| Louis Hachette ALHG.PA | $1.97B | +12% | +3% | 4% | 12.1× | -1.2% |
| Bollore BOL.PA | $11.8B | -28% | -83% | -7% | 36.9× | 37.0% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VIV.PA | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.7% | +9.7% | 3rd highest of 8 |
| 6-month return | -22.4% | -10.6% | 2nd lowest of 8 |
| Distance from 52-week high | -45.2% | -22.6% | 2nd lowest of 8 |
| Revenue growth (TTM) | -98.0% | -0.6% | lowest of 8 |
| Operating margin | -31.5% | 8.3% | lowest of 8 |
| Forward P/E | 29.9× | 14.7× | most expensive of 6 |
| ROIC minus cost of capital | -8.4 pp | -1.4 pp | lowest of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Vivendi VIV.PA | France | $1.81B | -22% | -98% | -31% | 29.9× | n/a | n/a |
| Metropole Television MMT.PA | France | $1.60B | -4% | -2% | 11% | 12.5× | -0.9% | -0.3% |
| Television Francaise 1 TFI.PA | France | $1.53B | -6% | -3% | 8% | 14.7× | -7.5% | +2.0% |
| Eutelsat Communications ETL.PA | France | $2.40B | -40% | -1% | -6% | n/a | n/a | n/a |
| Compagnie des Alpes CDA.PA | France | $1.11B | -11% | +8% | 13% | 8.1× | 2.6% | +17.8% |
| Compagnie du Cambodge CBDG.PA | France | $6.33B | -11% | +45% | -11% | n/a | 55.9% | +269.1% |
| JCDecaux DEC.PA | France | $6.40B | +42% | +1% | 12% | 18.6× | 6.6% | +11.8% |
| NRJ NRG.PA | France | $509M | -18% | -12% | 8% | 16.0× | n/a | n/a |