Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Coralie Piton was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Mar 12
TF1 SA, Annual General Meeting, Apr 16, 2026 TF1 SA, Annual General Meeting, Apr 16, 2026. Location: 1 quai du point du jour, boulogne billancourt France Annuncio • Feb 13
TF1 SA Proposes Dividend for the Year 2025 ITF1 SA announced that in line with the objective adopted since February 2024 to target a growing dividend policy, which was confirmed when the Group published its results for the third quarter of 2025, the Board of Directors will submit a proposal for shareholder approval to the General Meeting of 16 April 2026 for the payment of a dividend of EUR 0.63 per share, up 5% year on year and a 40% increase compared with 2021. Annuncio • Feb 15
TF1 SA, Annual General Meeting, Apr 17, 2025 TF1 SA, Annual General Meeting, Apr 17, 2025. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: €0.23 (vs €0.18 in 3Q 2023) Third quarter 2024 results: EPS: €0.23 (up from €0.18 in 3Q 2023). Revenue: €487.0m (down 4.4% from 3Q 2023). Net income: €49.4m (up 31% from 3Q 2023). Profit margin: 10% (up from 7.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 4% per year. Reported Earnings • Jul 28
Second quarter 2024 earnings released: EPS: €0.31 (vs €0.35 in 2Q 2023) Second quarter 2024 results: EPS: €0.31 (down from €0.35 in 2Q 2023). Revenue: €592.0m (up 6.0% from 2Q 2023). Net income: €66.3m (down 9.5% from 2Q 2023). Profit margin: 11% (down from 13% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €7.40, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Media industry in Germany. Total returns to shareholders of 9.1% over the past three years. Reported Earnings • May 06
First quarter 2024 earnings released: EPS: €0.14 (vs €0.13 in 1Q 2023) First quarter 2024 results: EPS: €0.14 (up from €0.13 in 1Q 2023). Revenue: €511.9m (up 6.7% from 1Q 2023). Net income: €29.7m (up 5.7% from 1Q 2023). Profit margin: 5.8% (in line with 1Q 2023). Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Apr 15
Upcoming dividend of €0.55 per share Eligible shareholders must have bought the stock before 22 April 2024. Payment date: 24 April 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (5.5%). Declared Dividend • Feb 26
Dividend increased to €0.55 Dividend of €0.55 is 10% higher than last year. Ex-date: 22nd April 2024 Payment date: 24th April 2024 Dividend yield will be 6.5%, which is higher than the industry average of 5.1%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annuncio • Feb 23
TF1 SA, Annual General Meeting, Apr 17, 2024 TF1 SA, Annual General Meeting, Apr 17, 2024, at 09:30 Central European Standard Time. Location: 1, quai du Point du jour 92100 Boulogne Billancourt Bagneux France Agenda: To approve the financial statements for the 2023 financial year; to approve the consolidated financial statements for the 2023 financial year and appropriation of 2023 earnings and setting of dividend; to approve regulated agreements referred to in Articles L.225-38 et seq. of the French Commercial Code; to approve the components of total remuneration and benefits of any nature paid in or granted for the 2023 financial year to Rodolphe Belmer as Chief Executive Officer until 13 February 2023; and to consider other matters. Reported Earnings • Feb 18
Full year 2023 earnings released Full year 2023 results: Revenue: €2.30b (down 8.4% from FY 2022). Net income: €191.9m (up 9.0% from FY 2022). Profit margin: 8.4% (up from 7.0% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Germany. Reported Earnings • Oct 31
Third quarter 2023 earnings released: EPS: €0.18 (vs €0.11 in 3Q 2022) Third quarter 2023 results: EPS: €0.18 (up from €0.11 in 3Q 2022). Revenue: €511.9m (down 7.5% from 3Q 2022). Net income: €37.7m (up 58% from 3Q 2022). Profit margin: 7.4% (up from 4.3% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.7% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €7.45, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Media industry in Europe. Total returns to shareholders of 70% over the past three years. New Risk • Jul 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.4% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (6.4% net profit margin). Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: €0.35 (vs €0.44 in 2Q 2022) Second quarter 2023 results: EPS: €0.35 (down from €0.44 in 2Q 2022). Revenue: €558.4m (down 11% from 2Q 2022). Net income: €73.3m (down 21% from 2Q 2022). Profit margin: 13% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 02
First quarter 2023 earnings released: EPS: €0.13 (vs €0.16 in 1Q 2022) First quarter 2023 results: EPS: €0.13 (down from €0.16 in 1Q 2022). Revenue: €479.7m (down 14% from 1Q 2022). Net income: €28.1m (down 18% from 1Q 2022). Profit margin: 5.9% (down from 6.1% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Apr 13
Upcoming dividend of €0.50 per share at 6.0% yield Eligible shareholders must have bought the stock before 20 April 2023. Payment date: 24 April 2023. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (4.7%). Lower than average of industry peers (6.9%). Board Change • Mar 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Chairman of the Board Rodolphe Belmer was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 21
High number of new directors CEO & Chairman of the Board Rodolphe Belmer was the last director to join the board, commencing their role in 2022. Annuncio • Feb 15
Bouygues Sa Proposes Payment of Dividend The Board of Directors of Bouygues SA will propose to the General Meeting of Shareholders of April 14, 2023, the payment of a dividend of fifty eurocents (0.50) per share. Annuncio • Nov 04
Télévision Française 1 Société anonyme to Report Fiscal Year 2022 Results on Feb 14, 2023 Télévision Française 1 Société anonyme announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Oct 29
Third quarter 2022 earnings released: EPS: €0.11 (vs €0.18 in 3Q 2021) Third quarter 2022 results: EPS: €0.11 (down from €0.18 in 3Q 2021). Revenue: €553.4m (up 5.9% from 3Q 2021). Net income: €23.9m (down 38% from 3Q 2021). Profit margin: 4.3% (down from 7.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Media industry in Germany. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Annuncio • Aug 09
Future Tech Retail completed the acquisition of 80.5% stake in Ykone S.A.S from Télévision Française 1 Société anonyme and others (ENXTPA:TFI). Future Tech Retail agreed to acquire 80.5% stake in Ykone S.A.S from Télévision Française 1 Société anonyme (ENXTPA:TFI) and others on July 21, 20222. Future Technology has the option to buy an additional 4.9% of shares in Ykone with the balance to be held by the Founder and key management, who will continue to remain heavily involved in driving its growth and profitability. Olivier Billon and the management team will continue to hold a significant equity interest in the business and will remain heavily involved in driving its growth and profitability.
Future Tech Retail completed the acquisition of 80.5% stake in Ykone S.A.S from Télévision Française 1 Société anonyme (ENXTPA:TFI) and others on August 8, 2022. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: €0.44 (vs €0.35 in 2Q 2021) Second quarter 2022 results: EPS: €0.44 (up from €0.35 in 2Q 2021). Revenue: €625.6m (up 1.1% from 2Q 2021). Net income: €92.4m (up 25% from 2Q 2021). Profit margin: 15% (up from 12% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 8.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annuncio • Jul 28
Future Tech Retail acquired Ykone S.A.S from Télévision Française 1 Société anonyme (ENXTPA:TFI). Future Tech Retail acquired Ykone S.A.S from Télévision Française 1 Société anonyme (ENXTPA:TFI) on July 21, 20222.Olivier Billon and the management team will continue to hold a significant equity interest in thebusiness and will remain heavily involved in driving its growth and profitability.
Future Tech Retail completed the acquisition of Ykone S.A.S from Télévision Française 1 Société anonyme (ENXTPA:TFI) on July 21, 20222. Annuncio • Jun 24
HLD Associés acquired Gamned! from Télévision Française 1 Société anonyme (ENXTPA:TFI). HLD Associés acquired Gamned! from Télévision Française 1 Société anonyme (ENXTPA:TFI) on June 22, 2022.
HLD Associés completed the acquisition of Gamned! from Télévision Française 1 Société anonyme (ENXTPA:TFI) on June 22, 2022. Upcoming Dividend • Apr 14
Upcoming dividend of €0.45 per share Eligible shareholders must have bought the stock before 21 April 2022. Payment date: 25 April 2022. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (3.9%). Lower than average of industry peers (6.1%). Annuncio • Feb 13
TF1 CEO Says Group Fairly Optimistic About Merger with M6 Télévision Française 1 Société anonyme (ENXTPA:TFI) Chief Executive Officer said group is fairly optimistic about the merger with Métropole Télévision S.A. (ENXTPA:MMT). Chief Executive Officer on divestment of channels: Company is in the process with M6 to look at various buyers. Reported Earnings • Nov 01
Third quarter 2021 earnings released: EPS €0.18 (vs €0.18 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: €522.5m (up 9.3% from 3Q 2020). Net income: €38.6m (flat on 3Q 2020). Profit margin: 7.4% (down from 8.1% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Annuncio • Sep 15
Daniel Kretinsky acquired 5.1% stake in Télévision Française 1 Société anonyme (ENXTPA:TFI). Daniel Kretinsky acquired 5.1% stake in Télévision Française 1 Société anonyme (ENXTPA:TFI) on September 14, 2021.
Daniel Kretinsky completed the acquisition of 5.1% stake in Télévision Française 1 Société anonyme (ENXTPA:TFI) on September 14, 2021. Reported Earnings • Jul 29
Second quarter 2021 earnings released: EPS €0.35 (vs €0.068 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: €618.9m (up 59% from 2Q 2020). Net income: €74.1m (up 415% from 2Q 2020). Profit margin: 12% (up from 3.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 01
First quarter 2021 earnings released: EPS €0.16 (vs €0.11 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: €509.8m (up 3.2% from 1Q 2020). Net income: €34.3m (up 43% from 1Q 2020). Profit margin: 6.7% (up from 4.9% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Apr 26
Upcoming dividend of €0.45 per share Eligible shareholders must have bought the stock before 03 May 2021. Payment date: 05 May 2021. Trailing yield: 5.6%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.8%). Reported Earnings • Mar 17
Full year 2020 earnings released: EPS €0.26 (vs €0.74 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €2.08b (down 11% from FY 2019). Net income: €55.3m (down 64% from FY 2019). Profit margin: 2.7% (down from 6.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 13% per year. Is New 90 Day High Low • Feb 20
New 90-day high: €7.37 The company is up 18% from its price of €6.26 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €12.73 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS €0.26 (vs €0.74 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: €2.08b (down 11% from FY 2019). Net income: €55.3m (down 64% from FY 2019). Profit margin: 2.7% (down from 6.6% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 15% per year. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 5.1%, compared to a 3.1% growth forecast for the Media industry in Germany. Is New 90 Day High Low • Feb 03
New 90-day high: €7.18 The company is up 41% from its price of €5.09 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €18.41 per share. Is New 90 Day High Low • Jan 09
New 90-day high: €7.11 The company is up 26% from its price of €5.62 on 09 October 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 14% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.15 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €6.71 The company is up 23% from its price of €5.47 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Media industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.15 per share. Valuation Update With 7 Day Price Move • Nov 12
Market bids up stock over the past week After last week's 17% share price gain to €5.93, the stock is trading at a trailing P/E ratio of 10.7x, up from the previous P/E ratio of 9.2x. This compares to an average P/E of 20x in the Media industry in Germany. Total return to shareholders over the past three years is a loss of 46%. Analyst Estimate Surprise Post Earnings • Nov 02
Revenue beats expectations Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 3.2% while the growth in Media industry in Germany is expected to stay flat. Reported Earnings • Nov 01
Third quarter earnings released Over the last 12 months the company has reported total profits of €114.1m, down 31% from the prior year. Total revenue was €2.08b over the last 12 months, down 11% from the prior year. Is New 90 Day High Low • Oct 29
New 90-day low: €4.70 The company is down 6.0% from its price of €4.99 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €8.09 per share.