Television Broadcasts Ltd
HKEX:511
Intrinsic Value
Television Broadcasts Ltd. engages in the provision of terrestrial television broadcasting, program production, and television-related activities. [ Read More ]
The intrinsic value of one
Television Broadcasts Ltd
stock under the Base Case scenario is
6.02
HKD.
Compared to the current market price of 2.92 HKD,
Television Broadcasts Ltd
is
Undervalued by 51%.
Television Broadcasts Ltd's market capitalization is 1.3B HKD.
Television Broadcasts Ltd stock price is 2.92 HKD.
Television Broadcasts Ltd stock price (2.92 HKD) is 51% less than its Intrinsic Value (6.02 HKD).
Television Broadcasts Ltd stock price (2.92 HKD) is 43% less than its DCF Value (5.16 HKD). Open DCF Valuation
Television Broadcasts Ltd stock price (2.92 HKD) is 57% less than its Relative Value (6.87 HKD). Open Relative Valuation
Television Broadcasts Ltd has upside potential of 167% compared to the average analyst price target.
Open Wall St Estimates
Television Broadcasts Ltd has positive Net Debt. This means that the company has more debt (2B HKD) than cash and short-term investments (787m HKD).
Television Broadcasts Ltd's Revenue has dropped by 7% over the past 12 months.
Television Broadcasts Ltd's Revenue has been growing by 7% per year for the last 3 years.
Television Broadcasts Ltd's ROIC (Return on Invested Capital) has decreased in the last 3 years from -6% to -12%, and is approaching profitability.
Television Broadcasts Ltd has positive Gross Profit for the last twelve months.
Television Broadcasts Ltd's long-term assets (6B HKD) exceed its long-term liabilties (3B HKD).
Television Broadcasts Ltd's ROE (Return on Equity) has significantly decreased in the last 3 years from -5% to -24%, and is approaching profitability.
Television Broadcasts Ltd's ROIC (Return on Invested Capital) for the past 12 months is negative and is equal to -12%.
Television Broadcasts Ltd's D/E (Debt to Equity) is very low and is equal to 0.61.
Television Broadcasts Ltd's short-term assets (4B HKD) exceed its short-term liabilties (2B HKD).
Television Broadcasts Ltd has negative Operating Income for the last twelve months.
Television Broadcasts Ltd has negative Net Income for the last twelve months.
Television Broadcasts Ltd's ROE (Return on Equity) for the past 12 months is negative and is equal to -24%.
Television Broadcasts Ltd has negative three-year average ROIC (Return on Invested Capital): -11%. The company is not efficient at using invested capital to generate operating income.
Television Broadcasts Ltd has negative Free Cash Flow for the last twelve months.
Television Broadcasts Ltd's Altman Z-Score is very low and is equal to 1.15.
Television Broadcasts Ltd has negative three-year average ROE (Return on Equity): -16%. The company is not efficient at transforming stockholders' equity into net income.
Television Broadcasts Ltd doesn't generate enough operating income (-619m HKD) to safely cover interest payments on its debt (115m HKD).
Valuation Backtest
Television Broadcasts Ltd
Run backtest to discover the historical profit from buying and selling
Television Broadcasts Ltd
stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Television Broadcasts Ltd
Balance Sheet Decomposition
Television Broadcasts Ltd
| Current Assets | 3.8B |
| Cash & Short-Term Investments | 787.3m |
| Receivables | 1.4B |
| Other Current Assets | 1.6B |
| Non-Current Assets | 2.5B |
| Long-Term Investments | 689.2m |
| PP&E | 1.1B |
| Intangibles | 296.6m |
| Other Non-Current Assets | 415.2m |
| Current Liabilities | 1.7B |
| Accounts Payable | 947.1m |
| Other Current Liabilities | 791.8m |
| Non-Current Liabilities | 1.8B |
| Long-Term Debt | 1.7B |
| Other Non-Current Liabilities | 74.1m |
Earnings Waterfall
Television Broadcasts Ltd
|
Revenue
|
3.3B
HKD
|
|
Cost of Revenue
|
-2.3B
HKD
|
|
Gross Profit
|
1B
HKD
|
|
Operating Expenses
|
-1.6B
HKD
|
|
Operating Income
|
-618.7m
HKD
|
|
Other Expenses
|
-144.1m
HKD
|
|
Net Income
|
-762.8m
HKD
|
Free Cash Flow Analysis
Television Broadcasts Ltd
What is Free Cash Flow?
Profitability Score
Profitability Due Diligence
Television Broadcasts Ltd's profitability score is 22/100. The higher the profitability score, the more profitable the company is.
Score
Television Broadcasts Ltd's profitability score is 22/100. The higher the profitability score, the more profitable the company is.
Solvency Score
Solvency Due Diligence
Television Broadcasts Ltd's solvency score is 40/100. The higher the solvency score, the more solvent the company is.
Score
Television Broadcasts Ltd's solvency score is 40/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
Price Targets Summary
Television Broadcasts Ltd
According to Wall Street analysts, the average 1-year price target for
Television Broadcasts Ltd
is 7.8 HKD
with a low forecast of 6.67 HKD and a high forecast of 9.14 HKD.
Shareholder Return
Price
Television Broadcasts Ltd
| Average Annual Return | -28.56% |
| Standard Deviation of Annual Returns | 9.6% |
| Max Drawdown | -82% |
| Market Capitalization | 1.3B HKD |
| Shares Outstanding | 438 218 000 |
| Percentage of Shares Shorted |
N/A
|
Company Profile
Television Broadcasts Ltd
Country
Industry
Market Cap
Dividend Yield
Description
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.
Contact
IPO
Employees
Officers
The intrinsic value of one
Television Broadcasts Ltd
stock under the Base Case scenario is
6.02
HKD.
Compared to the current market price of 2.92 HKD,
Television Broadcasts Ltd
is
Undervalued by 51%.
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