Viad Corp
Viad Corp provides hospitality, leisure activities, experiential marketing, and live events in the United States, Canada, Europe, the Middle East, and Africa. It operates in three segments: Pursuit, Spiro, and GES Exhibitions. The Pursuit segment offers recreational attractions, hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services. This segment consists of… Read more
Viad Corp (VVI) - Net Assets
Latest net assets as of September 2024: $194.06 Million USD
Based on the latest financial reports, Viad Corp (VVI) has net assets worth $194.06 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.20 Billion) and total liabilities ($1.00 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $194.06 Million |
| % of Total Assets | 16.23% |
| Annual Growth Rate | -5.46% |
| 5-Year Change | -75.18% |
| 10-Year Change | -60.5% |
| Growth Volatility | 22.41 |
Viad Corp - Net Assets Trend (1985–2023)
This chart illustrates how Viad Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Viad Corp (1985–2023)
The table below shows the annual net assets of Viad Corp from 1985 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $137.35 Million | +34.93% |
| 2022-12-31 | $101.80 Million | +4.64% |
| 2021-12-31 | $97.28 Million | -45.75% |
| 2020-12-31 | $179.32 Million | -67.60% |
| 2019-12-31 | $553.40 Million | +21.24% |
| 2018-12-31 | $456.46 Million | +1.53% |
| 2017-12-31 | $449.58 Million | +21.30% |
| 2016-12-31 | $370.64 Million | +10.53% |
| 2015-12-31 | $335.34 Million | -3.56% |
| 2014-12-31 | $347.70 Million | -2.48% |
| 2013-12-31 | $356.54 Million | -10.20% |
| 2012-12-31 | $397.03 Million | +2.81% |
| 2011-12-31 | $386.18 Million | -0.14% |
| 2010-12-31 | $386.71 Million | +0.54% |
| 2009-12-31 | $384.63 Million | -17.65% |
| 2008-12-31 | $467.09 Million | -1.84% |
| 2007-12-31 | $475.83 Million | +9.35% |
| 2006-12-31 | $435.14 Million | +8.33% |
| 2005-12-31 | $401.67 Million | +14.56% |
| 2004-12-31 | $350.61 Million | -58.92% |
| 2003-12-31 | $853.45 Million | +19.92% |
| 2002-12-31 | $711.65 Million | -1.84% |
| 2001-12-31 | $724.96 Million | -6.35% |
| 2000-12-31 | $774.08 Million | +7.33% |
| 1999-12-31 | $721.20 Million | +10.01% |
| 1998-12-31 | $655.60 Million | +20.47% |
| 1997-12-31 | $544.20 Million | +21.80% |
| 1996-12-31 | $446.80 Million | -23.73% |
| 1995-12-31 | $585.80 Million | -0.10% |
| 1994-12-31 | $586.40 Million | +14.49% |
| 1993-12-31 | $512.20 Million | +14.25% |
| 1992-12-31 | $448.30 Million | -55.22% |
| 1991-12-31 | $1.00 Billion | -7.70% |
| 1990-12-31 | $1.08 Billion | -3.92% |
| 1989-12-31 | $1.13 Billion | +12.64% |
| 1988-12-31 | $1.00 Billion | +6.94% |
| 1987-12-31 | $937.10 Million | -11.12% |
| 1986-12-31 | $1.05 Billion | -9.13% |
| 1985-12-31 | $1.16 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Viad Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 139.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $37.40 Million | 86.11% |
| Other Comprehensive Income | $-40.39 Million | -93.00% |
| Other Components | $372.51 Million | 857.66% |
| Total Equity | $43.43 Million | 100.00% |
Viad Corp Competitors by Market Cap
The table below lists competitors of Viad Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tellurian Inc
F:MPLN
|
$820.47 Million |
|
Apollo Medical Holdings Inc
F:3AM
|
$820.67 Million |
|
Xiamen Meiya Pico Information
SHE:300188
|
$820.69 Million |
|
Bic Camera Inc
F:1U3
|
$821.82 Million |
|
National Beverage Corp
NASDAQ:FIZZ
|
$820.06 Million |
|
Thai Union Group PCL
BK:TU
|
$820.04 Million |
|
Hongta Securities Co Ltd
SHG:601236
|
$820.01 Million |
|
Jiangxi Fushine Pharmaceutical Co Ltd
SHE:300497
|
$819.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Viad Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 14,530,000 to 43,433,000, a change of 28,903,000 (198.9%).
- Net income of 16,017,000 contributed positively to equity growth.
- Dividend payments of 7,801,000 reduced retained earnings.
- Share repurchases of 1,482,000 reduced equity.
- Other comprehensive income increased equity by 6,791,000.
- Other factors increased equity by 15,378,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $16.02 Million | +36.88% |
| Dividends Paid | $7.80 Million | -17.96% |
| Share Repurchases | $1.48 Million | -3.41% |
| Other Comprehensive Income | $6.79 Million | +15.64% |
| Other Changes | $15.38 Million | +35.41% |
| Total Change | $- | 198.92% |
Book Value vs Market Value Analysis
This analysis compares Viad Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 19.28x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 0.83x to 19.28x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $47.79 | $39.70 | x |
| 1986-12-31 | $45.24 | $39.70 | x |
| 1987-12-31 | $49.60 | $39.70 | x |
| 1988-12-31 | $51.98 | $39.70 | x |
| 1989-12-31 | $54.93 | $39.70 | x |
| 1990-12-31 | $52.68 | $39.70 | x |
| 1991-12-31 | $47.19 | $39.70 | x |
| 1992-12-31 | $18.88 | $39.70 | x |
| 1993-12-31 | $22.14 | $39.70 | x |
| 1994-12-31 | $25.86 | $39.70 | x |
| 1995-12-31 | $26.74 | $39.70 | x |
| 1996-12-31 | $19.29 | $39.70 | x |
| 1997-12-31 | $22.84 | $39.70 | x |
| 1998-12-31 | $26.53 | $39.70 | x |
| 1999-12-31 | $29.68 | $39.70 | x |
| 2000-12-31 | $33.87 | $39.70 | x |
| 2001-12-31 | $33.35 | $39.70 | x |
| 2002-12-31 | $31.09 | $39.70 | x |
| 2003-12-31 | $39.25 | $39.70 | x |
| 2004-12-31 | $15.94 | $39.70 | x |
| 2005-12-31 | $17.87 | $39.70 | x |
| 2006-12-31 | $19.69 | $39.70 | x |
| 2007-12-31 | $22.50 | $39.70 | x |
| 2008-12-31 | $22.47 | $39.70 | x |
| 2009-12-31 | $18.91 | $39.70 | x |
| 2010-12-31 | $18.69 | $39.70 | x |
| 2011-12-31 | $18.84 | $39.70 | x |
| 2012-12-31 | $19.40 | $39.70 | x |
| 2013-12-31 | $17.14 | $39.70 | x |
| 2014-12-31 | $16.66 | $39.70 | x |
| 2015-12-31 | $16.14 | $39.70 | x |
| 2016-12-31 | $17.71 | $39.70 | x |
| 2017-12-31 | $21.03 | $39.70 | x |
| 2018-12-31 | $21.38 | $39.70 | x |
| 2019-12-31 | $23.05 | $39.70 | x |
| 2020-12-31 | $4.73 | $39.70 | x |
| 2021-12-31 | $0.31 | $39.70 | x |
| 2022-12-31 | $0.70 | $39.70 | x |
| 2023-12-31 | $2.06 | $39.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Viad Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 36.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.29%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 26.19x
- Recent ROE (36.88%) is above the historical average (-35.56%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 10.35% | 4.69% | 0.87x | 2.53x | $4.07 Million |
| 1986 | 17.66% | 7.21% | 0.87x | 2.81x | $80.76 Million |
| 1987 | 3.34% | 1.38% | 0.67x | 3.64x | $-62.41 Million |
| 1988 | 9.31% | 2.82% | 0.66x | 5.02x | $-6.91 Million |
| 1989 | 10.05% | 3.07% | 0.68x | 4.81x | $540.00K |
| 1990 | 1.59% | 0.47% | 0.65x | 5.25x | $-87.00 Million |
| 1991 | -6.08% | -1.74% | 0.92x | 3.79x | $-152.33 Million |
| 1992 | -20.53% | -2.41% | 1.03x | 8.27x | $-121.20 Million |
| 1993 | 25.30% | 4.02% | 0.91x | 6.89x | $72.87 Million |
| 1994 | 24.98% | 3.96% | 0.94x | 6.73x | $84.13 Million |
| 1995 | -2.99% | -0.46% | 0.85x | 7.62x | $-72.08 Million |
| 1996 | 6.47% | 1.25% | 0.66x | 7.87x | $-15.49 Million |
| 1997 | 16.67% | 3.69% | 0.65x | 6.96x | $35.72 Million |
| 1998 | 23.08% | 5.92% | 0.53x | 7.36x | $85.35 Million |
| 1999 | 48.60% | 21.98% | 0.30x | 7.29x | $276.08 Million |
| 2000 | 18.77% | 8.37% | 0.27x | 8.18x | $67.51 Million |
| 2001 | 7.11% | 3.08% | 0.20x | 11.62x | $-20.83 Million |
| 2002 | 10.85% | 4.62% | 0.17x | 13.82x | $5.98 Million |
| 2003 | 13.40% | 7.25% | 0.17x | 10.85x | $28.92 Million |
| 2004 | -16.16% | -7.13% | 1.19x | 1.90x | $-90.65 Million |
| 2005 | 9.51% | 4.57% | 1.20x | 1.73x | $-1.94 Million |
| 2006 | 14.78% | 7.42% | 1.27x | 1.56x | $20.56 Million |
| 2007 | 9.49% | 4.44% | 1.28x | 1.66x | $-2.39 Million |
| 2008 | 9.42% | 3.87% | 1.54x | 1.58x | $-2.68 Million |
| 2009 | -27.74% | -12.99% | 1.32x | 1.61x | $-142.46 Million |
| 2010 | 0.12% | 0.05% | 1.37x | 1.63x | $-37.45 Million |
| 2011 | 2.44% | 0.98% | 1.53x | 1.63x | $-28.58 Million |
| 2012 | 1.52% | 0.58% | 1.58x | 1.68x | $-32.91 Million |
| 2013 | 6.20% | 2.22% | 1.73x | 1.62x | $-13.19 Million |
| 2014 | 15.61% | 4.92% | 1.49x | 2.13x | $18.82 Million |
| 2015 | 8.25% | 2.44% | 1.57x | 2.15x | $-5.65 Million |
| 2016 | 11.83% | 3.51% | 1.39x | 2.43x | $6.53 Million |
| 2017 | 13.45% | 4.42% | 1.42x | 2.14x | $14.79 Million |
| 2018 | 11.27% | 3.79% | 1.41x | 2.11x | $5.55 Million |
| 2019 | 4.71% | 24.42% | 0.07x | 2.82x | $-24.71 Million |
| 2020 | -390.92% | -90.29% | 0.49x | 8.89x | $-384.70 Million |
| 2021 | -1485.08% | -18.39% | 0.49x | 165.18x | $-93.92 Million |
| 2022 | 159.81% | 2.06% | 1.03x | 75.04x | $21.77 Million |
| 2023 | 36.88% | 1.29% | 1.09x | 26.19x | $11.67 Million |
Industry Comparison
This section compares Viad Corp's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $772,489,888
- Average return on equity (ROE) among peers: -12.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Viad Corp (VVI) | $194.06 Million | 10.35% | 5.16x | $820.17 Million |
| All American Pet Co (AAPT) | $-1.12 Million | 0.00% | 0.00x | $0.97 |
| ABM Industries Incorporated (ABM) | $61.90 Million | 11.47% | 1.78x | $2.27 Billion |
| ADM Endeavors Inc (ADMQ) | $284.02K | -124.30% | 3.55x | $3.87 Million |
| Amentum Holdings Inc. (AMTM) | $4.55 Billion | -1.80% | 1.63x | $4.20 Billion |
| Anacomp Inc (ANMP) | $101.14 Million | -0.68% | 0.63x | $976.94K |
| Rich Sparkle Holdings Limited Ordinary Shares (ANPA) | $5.65 Million | 2.35% | 0.50x | $30.94 Million |
| Applus Services S.A (APLUF) | $642.95 Million | 7.56% | 2.78x | $16.82 Million |
| ARC Document Solutions Inc (ARC) | $-35.01 Million | 0.00% | 0.00x | $110.98 Million |
| Aramark Holdings (ARMK) | $2.75 Billion | -16.80% | 4.72x | $10.51 Billion |
| Atento S.A. (ATTOF) | $-348.87 Million | 0.00% | 0.00x | $945.48 |