Viant Technology Inc. (Class A) (DSP) exhibits 45.8% gross margins and 21.5% return on invested capital within Technology (Computer Software: Programming Data Processing), balanced against a 54.1x enterprise multiple and 4.8% implied options volatility.
Sustained 45.8% gross profitability converts into 3.5% operating margin and 21.5% ROIC, outpacing sector cost of capital.
ROIC: 21.5% // GM: 45.8%YoY revenue trajectory of +19.0% paired with 5.83% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +19.0% // FCF YLD: 5.83%Altman Z-Score of 3.96 and Piotroski F-Score of 9/9 indicate low near-term refinancing stress.
ALTMAN Z: 3.96 // F-SCORE: 9/9Trading at 106.2x trailing P/E (89.2x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 106.2x // EV/EBITDA: 54.1xOptions market prices a ±5.2% implied move with a 0.85 put/call ratio around $13.34 max pain.
IMPL MOVE: ±5.2% // P/C: 0.85Elevated industry capital intensity and customer concentration in Computer Software: Programming Data Processing require continuous execution to defend 2.4% net margins.
NET MARGIN: 2.4% // D/E: 0.00x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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