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Viad

DB:DIL1
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
DIL1
DB
$350M
Market Cap
  1. Home
  2. DE
  3. Commercial Services
Company description

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland. The last earnings update was 39 days ago. More info.


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  • Viad has significant price volatility in the past 3 months.
DIL1 Share Price and Events
7 Day Returns
-9.1%
DB:DIL1
-1.9%
DE Commercial Services
-0.6%
DE Market
1 Year Returns
-67.7%
DB:DIL1
-32.9%
DE Commercial Services
-20.9%
DE Market
DIL1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Viad (DIL1) -9.1% -57% -72.9% -67.7% -60.6% -35.5%
DE Commercial Services -1.9% -23.9% -35.4% -32.9% -36.8% -47.7%
DE Market -0.6% -18.6% -26.2% -20.9% -25.8% -31.8%
1 Year Return vs Industry and Market
  • DIL1 underperformed the Commercial Services industry which returned -32.9% over the past year.
  • DIL1 underperformed the Market in Germany which returned -20.9% over the past year.
Price Volatility
DIL1
Industry
5yr Volatility vs Market

DIL1 Value

 Is Viad undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Viad to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Viad.

DB:DIL1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 2 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 5.7%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:DIL1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.59
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.588 (1 + (1- 21%) (127.13%))
1.119
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.119 * 5.44%)
5.7%

Discounted Cash Flow Calculation for DB:DIL1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Viad is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:DIL1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 5.7%)
2020 -15.30 Analyst x1 -14.48
2021 22.80 Analyst x1 20.41
2022 19.93 Est @ -12.59% 16.88
2023 18.15 Est @ -8.93% 14.54
2024 16.99 Est @ -6.37% 12.88
2025 16.22 Est @ -4.57% 11.63
2026 15.68 Est @ -3.32% 10.64
2027 15.30 Est @ -2.44% 9.82
2028 15.02 Est @ -1.83% 9.12
2029 14.81 Est @ -1.39% 8.51
Present value of next 10 years cash flows $99.00
DB:DIL1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $14.81 × (1 + -0.39%) ÷ (5.7% – -0.39%)
$242.28
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $242.28 ÷ (1 + 5.7%)10
$139.21
DB:DIL1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $99.00 + $139.21
$238.21
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $238.21 / 20.35
$11.71
DB:DIL1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:DIL1 represents 0.92915x of NYSE:VVI
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.92915x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 11.71 x 0.92915
€10.88
Value per share (EUR) From above. €10.88
Current discount Discount to share price of €16.00
= -1 x (€16.00 - €10.88) / €10.88
-47.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Viad is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Viad's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Viad's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:DIL1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $1.02
NYSE:VVI Share Price ** NYSE (2020-04-03) in USD $17.22
Germany Commercial Services Industry PE Ratio Median Figure of 6 Publicly-Listed Commercial Services Companies 94.45x
Germany Market PE Ratio Median Figure of 401 Publicly-Listed Companies 16.57x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Viad.

DB:DIL1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:VVI Share Price ÷ EPS (both in USD)

= 17.22 ÷ 1.02

16.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viad is good value based on earnings compared to the DE Commercial Services industry average.
  • Viad is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Viad's expected growth come at a high price?
Raw Data
DB:DIL1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 16.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
33.4%per year
Europe Commercial Services Industry PEG Ratio Median Figure of 48 Publicly-Listed Commercial Services Companies 1.09x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.17x

*Line of best fit is calculated by linear regression .

DB:DIL1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 16.81x ÷ 33.4%

0.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viad is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Viad's assets?
Raw Data
DB:DIL1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $22.98
NYSE:VVI Share Price * NYSE (2020-04-03) in USD $17.22
Germany Commercial Services Industry PB Ratio Median Figure of 9 Publicly-Listed Commercial Services Companies 2.23x
Germany Market PB Ratio Median Figure of 572 Publicly-Listed Companies 1.44x
DB:DIL1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:VVI Share Price ÷ Book Value per Share (both in USD)

= 17.22 ÷ 22.98

0.75x

* Primary Listing of Viad.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Viad is good value based on assets compared to the DE Commercial Services industry average.
X
Value checks
We assess Viad's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Commercial Services industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Commercial Services industry average (and greater than 0)? (1 check)
  5. Viad has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

DIL1 Future Performance

 How is Viad expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
33.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Viad expected to grow at an attractive rate?
  • Viad's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Viad's earnings growth is expected to exceed the Germany market average.
  • Viad's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:DIL1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:DIL1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 33.4%
DB:DIL1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 1.4%
Germany Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 21%
Germany Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 2.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.1%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:DIL1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:DIL1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,409 133 46 2
2020-12-31 1,021 60 -47 2
2020-04-05
DB:DIL1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 1,372 108 21
2019-09-30 1,347 90 23
2019-06-30 1,343 99 29
2019-03-31 1,304 102 40
2018-12-31 1,296 91 47
2018-09-30 1,277 99 29
2018-06-30 1,257 84 36
2018-03-31 1,259 77 39
2017-12-31 1,307 112 57
2017-09-30 1,286 100 75
2017-06-30 1,329 105 64
2017-03-31 1,289 116 57

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Viad's earnings are expected to grow significantly at over 20% yearly.
  • Viad's revenue is expected to grow by 1.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:DIL1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Viad Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DIL1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 2.28 2.90 1.66 2.00
2020-12-31 -2.35 -0.51 -4.18 2.00
2020-04-05
DB:DIL1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 1.02
2019-09-30 1.16
2019-06-30 1.46
2019-03-31 1.97
2018-12-31 2.33
2018-09-30 1.43
2018-06-30 1.78
2018-03-31 1.95
2017-12-31 2.84
2017-09-30 3.72
2017-06-30 3.19
2017-03-31 2.83

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Viad is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Viad's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Viad has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

DIL1 Past Performance

  How has Viad performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Viad's growth in the last year to its industry (Commercial Services).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Viad's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Viad's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Viad's 1-year earnings growth is negative, it can't be compared to the Europe Commercial Services industry average.
Earnings and Revenue History
Viad's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Viad Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:DIL1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 1,371.70 20.64 9.97
2019-09-30 1,347.28 23.26 9.46
2019-06-30 1,342.95 29.36 11.26
2019-03-31 1,304.35 39.75 10.51
2018-12-31 1,296.18 46.98 10.79
2018-09-30 1,276.55 28.90 10.64
2018-06-30 1,257.49 35.91 11.39
2018-03-31 1,258.59 39.42 11.77
2017-12-31 1,306.97 57.28 12.30
2017-09-30 1,286.08 74.72 11.82
2017-06-30 1,329.44 64.07 10.17
2017-03-31 1,289.42 56.68 9.95
2016-12-31 1,204.97 42.38 8.59
2016-09-30 1,200.25 45.68 9.46
2016-06-30 1,073.73 19.42 8.05
2016-03-31 1,066.01 21.73 7.32
2015-12-31 1,089.05 26.62 8.92
2015-09-30 1,060.53 20.27 6.10
2015-06-30 1,104.39 43.02 8.21
2015-03-31 1,043.74 28.87 8.22
2014-12-31 1,064.99 37.00 8.55
2014-09-30 1,043.68 39.92 10.25
2014-06-30 964.04 17.99 8.81
2014-03-31 953.83 16.57 7.99
2013-12-31 953.35 18.70 6.76
2013-09-30 954.06 2.30 7.42
2013-06-30 1,041.35 13.63 7.42

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Viad has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Viad used its assets more efficiently than the DE Commercial Services industry average last year based on Return on Assets.
  • Viad's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Viad's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Commercial Services industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Viad has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

DIL1 Health

 How is Viad's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Viad's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Viad's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Viad's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Viad's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Viad Company Filings, last reported 3 months ago.

DB:DIL1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 553.40 315.24 62.00
2019-09-30 537.96 298.91 56.64
2019-06-30 509.16 313.74 45.58
2019-03-31 439.99 240.04 43.47
2018-12-31 456.46 225.48 44.89
2018-09-30 484.19 200.17 55.47
2018-06-30 442.69 239.48 49.39
2018-03-31 436.43 231.32 42.34
2017-12-31 449.59 209.19 53.72
2017-09-30 468.49 185.20 53.48
2017-06-30 413.72 241.37 44.04
2017-03-31 378.04 236.64 25.43
2016-12-31 370.64 249.21 20.90
2016-09-30 381.33 194.48 52.68
2016-06-30 350.78 131.03 31.24
2016-03-31 335.09 162.70 41.34
2015-12-31 335.34 127.40 56.53
2015-09-30 347.33 116.91 75.31
2015-06-30 351.58 133.26 64.86
2015-03-31 323.51 137.78 57.85
2014-12-31 347.70 141.02 56.99
2014-09-30 365.70 22.50 56.92
2014-06-30 345.41 10.03 40.23
2014-03-31 342.81 0.00 47.34
2013-12-31 356.54 11.67 45.82
2013-09-30 414.69 0.00 120.12
2013-06-30 397.49 0.00 83.14
  • Viad's level of debt (57%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (40.1% vs 57% today).
  • Debt is well covered by operating cash flow (34.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.6x coverage).
X
Financial health checks
We assess Viad's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Viad has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

DIL1 Dividends

 What is Viad's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.32%
Current annual income from Viad dividends. Estimated to be 2.32% next year.
If you bought €2,000 of Viad shares you are expected to receive €46 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Viad's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Viad's dividend is below the markets top 25% of dividend payers in Germany (4.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:DIL1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Germany Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 5 Stocks 5.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 316 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.9%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:DIL1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 0.40 1.00
2020-12-31 0.40 1.00
2020-04-05
DB:DIL1 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-02-27 0.400 1.739
2019-12-05 0.400 0.610
2019-08-29 0.400 0.620
2019-05-16 0.400 0.604
2019-02-27 0.400 0.696
2018-11-29 0.400 0.774
2018-08-22 0.400 0.728
2018-05-17 0.400 0.713
2018-02-28 0.400 0.758
2017-11-29 0.400 0.719
2017-08-16 0.400 0.701
2017-05-18 0.400 0.838
2017-02-22 0.400 0.891
2016-12-01 0.400 0.893
2016-08-24 0.400 1.051
2016-05-19 0.400 1.232
2016-02-24 0.400 1.358
2015-12-03 0.400 1.404
2015-08-26 0.400 1.346
2015-05-21 0.400 1.468
2015-02-25 1.900 6.976
2014-12-04 1.900 7.087
2014-08-27 1.900 8.458
2014-05-22 1.900 8.380
2014-01-24 1.900 7.889
2013-10-25 0.400 1.486
2013-08-21 0.400 1.642
2013-05-21 0.400 1.568
2013-02-27 0.400 1.540
2012-11-29 0.400 1.515
2012-08-24 0.400 1.916
2012-05-15 0.160 0.880
2012-02-29 0.160 0.867
2011-12-01 0.160 0.845
2011-08-25 0.160 0.850
2011-05-17 0.160 0.784
2011-02-23 0.160 0.697
2010-12-02 0.160 0.650
2010-08-26 0.160 0.842
2010-05-18 0.160 0.836
2010-02-25 0.160 0.729
2009-12-02 0.160 0.816
2009-08-27 0.160 0.851
2009-05-19 0.160 0.948

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Viad's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7.2x coverage).
X
Income/ dividend checks
We assess Viad's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Viad afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Viad has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

DIL1 Management

 What is the CEO of Viad's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Steve Moster
COMPENSATION $3,741,915
AGE 49
TENURE AS CEO 5.3 years
CEO Bio

Mr. Steven W. Moster, also known as Steve, serves as Independent Director at Cavco Industries, Inc. since January 27, 2020. He has been the Chief Executive Officer and President of Viad Corp since December 4, 2014. Mr. Moster served as the President of Marketing & Events Group at Viad Corp since August 14, 2015. Mr. Moster has been the President of Global Experience Specialists, Inc., a subsidiary of Viad Corp since November 1, 2010 and serves as its Chief Executive Officer. He served as Group President of Marketing & Events at Viad Corp from May 2011 to December 04, 2014. He served as the Chief Sales and Marketing Officer and Executive Vice President of Products & Services at Global Experience Specialists, Inc., from August 2008 to February 1, 2010, where he led double-digit revenue growth from non-exclusive (or discretionary) exhibitor products and services such as furnishings and exhibits, installation and dismantling and logistics. He first joined GES in 2004 as Vice President of exhibit furnishings. He served as Vice President, Products and Services of GES from April 2005 to April 2006 and Executive Vice President, Products and Services from April 2006 to August 2008. He served as an Engagement Manager at McKinsey & Company from 2000 to 2004, where he worked with a broad set of clients to create and implement growth strategies and implement Lean manufacturing processes. Mr. Moster has been Vice Chairman and Director of Center for Exhibition Industry Research since December 1, 2015. He has been a Director of Viad Corp. and Global Experience Specialists (GES) Limited since December 03, 2014. Mr. Moster has been an advocate of superior customer service through the GES National Servicenter(R) and developed creative solutions for clients leading to new sales wins. Mr. Moster has a Bachelor of Engineering from Vanderbilt University in 1993 and an Master of Business Administration from the Tuck School of Business at Dartmouth College in 2000.

CEO Compensation
  • Steve's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Steve's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Viad management team in years:

4.2
Average Tenure
55
Average Age
  • The tenure for the Viad management team is about average.
Management Team

Steve Moster

TITLE
CEO, President & Director
COMPENSATION
$4M
AGE
49
TENURE
5.3 yrs

Ellen Ingersoll

TITLE
Chief Financial Officer
COMPENSATION
$1M
AGE
55
TENURE
17.8 yrs

Derek Linde

TITLE
General Counsel & Corporate Secretary
COMPENSATION
$801K
AGE
43
TENURE
2 yrs

Trisha Fox

TITLE
Chief Human Resource Officer
COMPENSATION
$526K
AGE
49
TENURE
3.5 yrs

David Barry

TITLE
President of Pursuit
COMPENSATION
$1M
AGE
56
TENURE
4.8 yrs

Leslie Striedel

TITLE
Chief Accounting Officer
COMPENSATION
$466K
AGE
56
TENURE
6 yrs

Rick Britton

TITLE
Chief Information Officer
AGE
58
TENURE
2.3 yrs

Jay Altizer

TITLE
President of GES North America
AGE
48
TENURE
1.9 yrs

Elyse Newman

TITLE
Treasurer
AGE
62

Michael Howe

TITLE
Executive Vice President of Onpeak | GES
Board of Directors Tenure

Average tenure and age of the Viad board of directors in years:

5.3
Average Tenure
56
Average Age
  • The tenure for the Viad board of directors is about average.
Board of Directors

Rich Dozer

TITLE
Chairman & Lead Independent Director
COMPENSATION
$302K
AGE
62
TENURE
5.3 yrs

Steve Moster

TITLE
CEO, President & Director
COMPENSATION
$4M
AGE
49
TENURE
5.3 yrs

Andrew Benett

TITLE
Independent Director
COMPENSATION
$206K
AGE
48
TENURE
6.8 yrs

Ginnie Henkels

TITLE
Independent Director
COMPENSATION
$190K
AGE
50
TENURE
2.4 yrs

Bob Munzenrider

TITLE
Independent Director
COMPENSATION
$224K
AGE
74
TENURE
15.8 yrs

Ed Mace

TITLE
Independent Director
COMPENSATION
$214K
AGE
67
TENURE
7.4 yrs

Josh Schechter

TITLE
Independent Director
COMPENSATION
$200K
AGE
46
TENURE
5 yrs

Denise Coll

TITLE
Independent Director
COMPENSATION
$83K
AGE
65
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Viad individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
05. Mar 20 Buy Virginia Henkels Individual 04. Mar 20 04. Mar 20 2,000 €40.05 €80,101
03. Mar 20 Buy Denise Coll Individual 02. Mar 20 02. Mar 20 1,029 €43.52 €44,783
26. Feb 20 Buy Steven Moster Individual 26. Feb 20 26. Feb 20 4,000 €50.66 €202,636
26. Feb 20 Buy Andrew Benett Individual 24. Feb 20 25. Feb 20 2,000 €54.69 €106,224
26. Feb 20 Buy David Barry Individual 26. Feb 20 26. Feb 20 550 €50.33 €27,681
26. Feb 20 Buy Joshua Schechter Individual 25. Feb 20 25. Feb 20 1,000 €53.29 €53,293
24. Feb 20 Buy Andrew Benett Individual 24. Feb 20 24. Feb 20 1,000 €54.81 €54,813
12. Feb 20 Buy David Barry Individual 11. Feb 20 11. Feb 20 1,580 €58.24 €92,012
04. Dec 19 Buy Andrew Benett Individual 02. Dec 19 02. Dec 19 1,000 €56.44 €56,441
05. Sep 19 Sell Robert Munzenrider Individual 04. Sep 19 04. Sep 19 -1,079 €57.77 €-62,339
27. Aug 19 Sell Robert Munzenrider Individual 23. Aug 19 23. Aug 19 -921 €59.26 €-54,580
03. Jun 19 Sell Robert Munzenrider Individual 30. May 19 30. May 19 -2,000 €56.50 €-113,003
X
Management checks
We assess Viad's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Viad has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

DIL1 News

Simply Wall St News

DIL1 Company Info

Description

Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland. It operates in two business groups, GES and Pursuit. The company offers event planning and production; look and feel design; layout and floor plan designs; furnishings and carpet; show traffic analysis; marketing and strategy; electrical distribution; cleaning, plumbing, overhead and booth rigging, and material handling services; and common area structures. It also provides creative design and strategy, integrated marketing and pre/post event communications, data analytics and insights, event surveys, return on investment analysis, online management tools, attendee/exhibit booth, staff training, logistics/transportation, storage/refurbishment of exhibits, and installation and dismantling of labor, and tradeshow program management services. In addition, the company offers custom exhibit design/construction, portable/modular exhibits and design, and graphics and signage products; event technology services, including event accommodation solutions, registration and data analytics, and event management tools; and audio-visual services, such as video and lighting production, digital studio, entertainment and talent coordination, projection mapping, and computer rental and support services, as well as staffing, off-site events, team building, and theme development services. Further, it provides recreational attraction, hotels and lodges, food and beverage, retail, sightseeing, travel planning, and ground transportation services comprising sightseeing tour, airport shuttle, and seasonal charter motor coach services, as well as corporate and event management services for meetings, conferences, incentive travel, sports, and special events. The company was founded in 1926 and is headquartered in Phoenix, Arizona.

Details
Name: Viad Corp
DIL1
Exchange: DB
Founded: 1926
$324,820,315
20,350,597
Website: http://www.viad.com
Address: Viad Corp
1850 North Central Avenue,
Suite 1900,
Phoenix,
Arizona, 85004-4565,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE VVI Common Stock New York Stock Exchange US USD 02. Jan 1968
DB DIL1 Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
Number of employees
Current staff
Staff numbers
5,361
Viad employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/05 20:56
End of day share price update: 2020/04/03 00:00
Last estimates confirmation: 2020/03/31
Last earnings filing: 2020/02/26
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.