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Television Broadcasts Ltd
HKEX:511

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Television Broadcasts Ltd
HKEX:511
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Price: 2.83 HKD -0.35% Market Closed
Market Cap: HK$1.3B

EV/EBIT

11.4
Current
405%
Cheaper
vs 3-y average of -3.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
11.4
=
Enterprise Value
HK$1.6B
/
EBIT
HK$138.9m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
11.4
=
Enterprise Value
HK$1.6B
/
EBIT
HK$138.9m

Valuation Scenarios

Television Broadcasts Ltd is trading above its industry average

If EV/EBIT returns to its Industry Average (4.2), the stock would be worth HK$1.04 (63% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-63%
Maximum Upside
No Upside Scenarios
Average Downside
37%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 11.4 HK$2.83
0%
Industry Average 4.2 HK$1.04
-63%
Country Average 10.3 HK$2.55
-10%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
HK$1.6B
/
Jan 2026
HK$138.9m
=
11.4
Current
HK$1.6B
/
Dec 2026
HK$215.1m
=
7.2
Forward
HK$1.6B
/
Dec 2027
HK$266.6m
=
5.8
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
HK
Television Broadcasts Ltd
HKEX:511
1.3B HKD 11.4 22.3
US
Fox Corp
NASDAQ:FOXA
27.3B USD 10.3 14.7
US
ViacomCBS Inc
LSE:0A65
24.3B USD 15.3 -39.2
US
Paramount Global
NASDAQ:PARA
7.4B USD 7.1 -1.4
LU
RTL Group SA
XETRA:RRTL
5.8B EUR 37.2 5.9
US
Nexstar Media Group Inc
NASDAQ:NXST
6.2B USD 14.2 69.1
JP
TBS Holdings Inc
TSE:9401
898.6B JPY 38.4 16.1
JP
Nippon Television Holdings Inc
TSE:9404
756.1B JPY 8.1 12
UK
ITV PLC
LSE:ITV
3.1B GBP 7.5 14.1
JP
Fuji Media Holdings Inc
TSE:4676
588.1B JPY -61.8 -47.2
SA
MBC Group CJSC
SAU:4072
12.8B SAR 23.3 25.5
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
HK
Television Broadcasts Ltd
HKEX:511
Average EV/EBIT: 17.3
11.4
N/A N/A
US
Fox Corp
NASDAQ:FOXA
10.3
0%
N/A
US
V
ViacomCBS Inc
LSE:0A65
15.3
10%
1.5
US
Paramount Global
NASDAQ:PARA
7.1
-6%
N/A
LU
RTL Group SA
XETRA:RRTL
37.2
80%
0.5
US
Nexstar Media Group Inc
NASDAQ:NXST
14.2
23%
0.6
JP
TBS Holdings Inc
TSE:9401
38.4
N/A N/A
JP
N
Nippon Television Holdings Inc
TSE:9404
8.1
N/A N/A
UK
ITV PLC
LSE:ITV
7.5
-2%
N/A
JP
Fuji Media Holdings Inc
TSE:4676
Negative Multiple: -61.8 N/A N/A
SA
M
MBC Group CJSC
SAU:4072
23.3
55%
0.4
P/E Multiple
Earnings Growth PEG
HK
Television Broadcasts Ltd
HKEX:511
Average P/E: 22.5
22.3
76%
0.3
US
Fox Corp
NASDAQ:FOXA
14.7
-1%
N/A
US
V
ViacomCBS Inc
LSE:0A65
Negative Multiple: -39.2 N/A N/A
US
Paramount Global
NASDAQ:PARA
Negative Multiple: -1.4 N/A N/A
LU
RTL Group SA
XETRA:RRTL
5.9
-24%
N/A
US
Nexstar Media Group Inc
NASDAQ:NXST
69.1
115%
0.6
JP
TBS Holdings Inc
TSE:9401
16.1
7%
2.3
JP
N
Nippon Television Holdings Inc
TSE:9404
12
14%
0.9
UK
ITV PLC
LSE:ITV
14.1
20%
0.7
JP
Fuji Media Holdings Inc
TSE:4676
Negative Multiple: -47.2 N/A N/A
SA
M
MBC Group CJSC
SAU:4072
25.5
15%
1.7

Market Distribution

In line with most companies in Hong Kong
Percentile
54th
Based on 1 277 companies
54th percentile
11.4
Low
0 — 5.4
Typical Range
5.4 — 15.8
High
15.8 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 5.4
Median 10.3
70th Percentile 15.8
Max 9 749.3

Television Broadcasts Ltd
Glance View

Market Cap
1.3B HKD
Industry
Media

Television Broadcasts Ltd. engages in the provision of terrestrial television broadcasting, program production, and television-related activities. The firm operates its business through seven segments. The Hong Kong TV Broadcasting segment engages in the broadcasting of television programmes and commercials on terrestrial TV platforms and production of programmes and co-produced dramas. The MyTV SUPER segment operates myTV SUPER over the top (OTT) services and website portals. The Big Big Channel Business segment operates online social media platform Big Big Channel, e-commerce platform Big Big Shop, music entertainment, event and digital marketing. The Programme Licensing and Distribution segment distributes TV programmes and channels. The Overseas Pay TV and TVB Anywhere segment provides pay TV and OTT services. The Other Activities segment engages in property investment. The Corporate Support segment provides financing services, and new media platforms development and information technology (IT) support services.

Intrinsic Value
5.28 HKD
Undervaluation 46%
Intrinsic Value
Price HK$2.83
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