Grupo Televisa, S.A.B.

NYSE:TV 주식 리포트

시가총액: US$1.5b

Grupo Televisa 향후 성장

Future 기준 점검 3/6

Grupo Televisa 의 수익은 연간 1.8% 감소할 것으로 예상되는 반면, 연간 수익은 100.5% 로 증가할 것으로 예상됩니다. EPS는 연간 83.4% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 0.2% 로 예상됩니다.

핵심 정보

100.5%

이익 성장률

83.45%

EPS 성장률

Telecom 이익 성장10.0%
매출 성장률-1.8%
향후 자기자본이익률0.24%
애널리스트 커버리지

Good

마지막 업데이트11 May 2026

최근 향후 성장 업데이트

업데이트 없음

Recent updates

Seeking Alpha • May 09

Expect Grupo Televisa's Next Leg Up From Reduced Debt, M&A, And 2026 Soccer World Cup

Summary Grupo Televisa still trades at historically very cheap levels after a strong run-up in 2025 from a multi-year bottom in 2024. The 45% stake in the fast-growing ViX streaming service is a key reason to be bullish about Grupo Televisa's shares. Grupo Televisa is deleveraging quickly, and the legacy telecoms and satellite business shows positives from fiber investments that point to a return to growth in coming years. Suspension of the 2025 annual dividend aims to preserve cash for potential dealmaking opportunities. Grupo Televisa may acquire AT&T's Mexican unit. Management has recently increased Grupo Televisa's share ownership by $100M, which makes it more likely than ever that they're aligned with shareholder interests. Read the full article on Seeking Alpha
Seeking Alpha • Mar 21

Grupo Televisa: A Great Test Of Patience

Summary Grupo Televisa remains undervalued as management optimizes for maximum cash flow to pay down debt. ViX streaming service has turned profitable quickly, showing substantial traction with 20% growth in MAUs and ARPUs. Despite cord-cutting trends, Sky and Cable business shows resilience, with management focusing on value customers and reducing churn to stabilize the subscriber base. TV shares are still a buy with a price target of $4. Read the full article on Seeking Alpha
Seeking Alpha • Dec 19

Grupo Televisa: Excellent Efficiency Improvements Improve Cash Flow

Summary Grupo Televisa remains a strong buy due to significant undervaluation and impressive cash flow growth, despite market ignorance and top-line revenue declines. Efficiency gains have led to a 27% increase in operating cash flow and a 30% free cash flow yield at current market prices. The 45% stake in TelevisaUnivision alone is worth $3-4 per share, making the current stock price of $1.90 highly undervalued. While high leverage and declining business are concerns, the focus on cash flow and recent efficiency gains are bullish signals for investors. Read the full article on Seeking Alpha
Seeking Alpha • Mar 27

All Eyes On Undervalued Media Company Grupo Televisa

Summary Grupo Televisa is an undervalued media company with a diverse business model and high barriers to entry. The company focuses on producing Spanish-speaking content and has a large global audience and reach. The cable and Sky segments make up a significant portion of Grupo Televisa's revenue, while other businesses have been spun off into Ollamani. Shares are a buy with a price target of $8. Read the full article on Seeking Alpha
Seeking Alpha • Dec 01

Grupo Televisa: Wait For A Catalyst Before Buying

Summary Grupo Televisa has not been a very good investment over the past few years. The company is a fairly complex entity, including a core cable business, a majority ownership stake in Sky Mexico, and a large minority interest in TelevisaUnivision. TV has recently experienced weakness in its core businesses due to a secular shift away from paid television. TV is trading at a fairly attractive valuation, but currently lacks an upside catalyst. I am initiating TV with a hold rating and would consider upgrading the stock if an upside catalyst emerges. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

Grupo Televisa: 2023 Rally Could Indeed Continue For Some Time To Come

Summary Grupo Televisa, S.A.B. shares are already up almost 40% since the turn of the year. Valuation remains depressed, especially on the assets side. Growing margins and improving balance sheet bodes well for more share-price appreciation. Intro If we pull up a Grupo Televisa, S.A.B. (TV) intermediate chart, we see that shares successfully tested their 2020 lows in late December of last year. This means we potentially have a double-bottom reversal formation in play, which would mean that shares would rally above $20 over the next few years. Given where this stock has traded in past times ($30+ per share), the above projection is entirely possible. If indeed, though, we have a double-bottom reversal playing itself out at present, we first need to see the stock's 10-week moving average cross above its corresponding 40-week. Furthermore, an uptick in the popular ADX intermediate trend-following indicator would also be needed to demonstrate that indeed shares are in their initial innings of a sustained bullish trend. Grupo Televisa has started 2023 exceptionally well with higher highs for 4+ weeks now. Therefore, as we approach the company's fourth-quarter earnings scheduled to be announced at the back end of this month, it will be interesting to see if the binary event can be the catalyst for momentum to continue. Why is researching the above important? Because if indeed a double-bottom reversal pattern does not play itself out (Which may then dwarf into a triple bottom or a multi-year consolidation pattern), forward-looking returns will obviously be poorer. Furthermore, Grupo Televisa's 1.5% dividend yield would not be enough to cover the ravages of inflation if shares were to consolidate for a considerable period of time. Remember, with inflation remaining in the high single-digit range, investors still need to make a 6 to 8% minimum nominal return in order to realize a real return on their investment. Suffice it to say, timing an investment is more important than ever, especially in beaten-down plays such as Grupo Televisa, S.A.B. Grupo Televisa Technical Chart (Stockcharts.com) As always, the market will reward TV stock for the pace of its earnings growth and even more so if the market believes shares are undervalued. Profitability Grupo Televisa, S.A.B.'s gross margin over a trailing twelve-month average now comes in at 42.12%, which means this key metric is in line with the averages we have seen over the past five years. Furthermore, if we continue down the income statement, Televisa's operating margin of 21.23% comes in significantly ahead of the company's 5-year average for this metric (17.85%). This is due in no small part to the aggressive cost-cutting stance management especially undertook in 2020. Rising margins in an inflationary environment are very encouraging, especially when combined with the 3%+ top-line growth rate expected next year. Suffice it to say, if sales can beat expectations in Q4 and beyond ($1.02 billion expected in Q4), this would really add fuel to Televisa's bottom-line growth profile due to how margins have been expanding.
Seeking Alpha • Dec 13

Grupo Televisa says Megacable board rejected offer for merger

Grupo Televisa (NYSE:TV) said Megacable's board rejected a merger proposal made last month. Grupo Televisa shares were halted after earlier climbing 11%. Televisa plans to pursue other alternatives with Megacable on a merger, according to traders, who cited a Bloomberg report, which cited a Mexico stock exchange filing. The Televisa proposal included Megcable shareholders owning 45% of the  erged company with Televisa (TV) owning about 55%. Megacable holders would receive a 14.8 billion peso special dividend and Megacable would remain publicly listed on the Mexican stock exchange. Reuters reported news of a potential deal earlier.
Seeking Alpha • Nov 15

Grupo Televisa: Gearing Up For A Solid Year Ahead

Summary Televisa saw strong operating momentum across its key businesses in Q3. The Sky turnaround is a work in progress, but TelevisaUnivision continues to outperform expectations. At the current historically cheap valuation, Televisa is worth a look. Grupo Televisa, S.A.B. (TV), a Mexico-based media and telecom company, continues to see encouraging growth in its cable businesses, as investments in network expansion and upgrades drive subscriber growth. The challenged Sky Satellite business turnaround is a work in progress, but TelevisaUnivision (UVN), in which Televisa owns a 45% stake, has shown surprising resilience even against a softening macro. The operational momentum has been accompanied by margin pressures, though, and risks around the Sky turnaround remain elevated. Yet, management has been prudent with its balance sheet management, paying down ~$800m of debt with cash on hand, leaving ~80% of the debt stack at a fixed rate. This leaves ample room for more stock buybacks at the current historically cheap valuation (see my prior take on the valuation here), setting up for a strong year ahead. Data by YCharts Operating Momentum Picks Up in Cable Televisa's cable business delivered better than expected subscriber additions in Q3, supported by strong execution on its triple-play bundle (i.e., broadband, television, and landline). In particular, the izzi residential cable business continues to be a bright spot, gaining share across fiber to the home (~2m incremental homes last year) and in legacy markets. Pay-TV has also outperformed alongside fixed voice, although competitors' ongoing upgrade cycles have helped. Key cable peer Megacable (MHSDF), for instance, is making up for previously underinvesting in its infrastructure, while all-fiber peer Totalplay is also in the midst of major upgrades (albeit in select areas). Grupo Televisa Broadband was another bright spot, accelerating to 96k adds during the quarter (well above the 78k adds in Q2 2022 and the highest rate of additions since the 104k adds in Q1 2021). This trend was echoed at Megacable, which also accelerated to 101k adds, although América Móvil (AMX) lagged this quarter. Similarly, mobile saw a strong +19k net adds in Q3, driving the overall mobile subs contribution to ~5% of video subs. The key question, in my view, is the sustainability of these strong net adds. Given the company held off on taking price increases this quarter due to the weak macro environment, the 'stickiness' of these subs could be less than expected. Still, Televisa deserves credit for also increasing its penetration in new locations (large cities and smaller ones), driving more net adds, and supporting average revenue per user (ARPU) trends going forward. Sky Turnaround in Progress Sky saw more video disconnections in Q3 at 381k, outpacing even the 225k net disconnection rate seen in Q2. It is worth considering the context, however, with management citing that 204k of these losses were related to the clean-up of the base. All in all, revenues were down ~9% YoY due to subscriber declines, and lower prepaid recharges, while headline operating segment income ((OSI)) declined ~25% YoY. Adjusted for the impact of the amortization of World Cup-related transmission rights, however, operating income would have declined by a more gradual ~13% YoY. Grupo Televisa Importantly, the turnaround is on track, with management now focused on improving sales quality and increasing the ARPU of the client base. From here, execution will be key - as long as churn rates stay well-managed, the unit could see lower investment needs going forward, presenting an upside to current estimates. TelevisaUnivision Defies the Economic Headwinds Also outperforming expectations was TelevisaUnivision, which posted advertising revenue growth of +6% YoY on strong advance sales in the US and Mexico, as well as new client additions. The +8% YoY growth in subscription & licensing was also impressive, all things considered, helped by the launch of the ViX+ streaming offering this quarter. While profitability was down this quarter, with the adj operating income declining by ~4%, much of the delta was down to incremental marketing costs for the ViX+ launch and related content amortization from the streaming service. TelevisaUnivision
Seeking Alpha • Jul 26

Grupo Televisa reports Q2 results

Grupo Televisa press release (NYSE:TV): Q2Revenue of $747.5M (+6.8% Y/Y) misses by $157.48M. Cash and cash equivalents $684.4M. The 2022/2023 U.S. Upfront closed with the highest volume growth in seven years, and the second consecutive year of CPM growth. U.S. market share of Spanish language primetime expanded 40bps to 63.2%, while total television primetime viewing share rose 20bps to 7.0%. Pro forma revenue grew 11% in the second quarter and 11% in the first half of 2022. Pro forma adjusted OIBDA declined 8% in the second quarter, and 1% in the first half of 2022, as the company’s streaming investments ramped up.
Seeking Alpha • Jun 21

Univision sets big streaming plans for post-Televisa merger

Univision (UVN) is expanding its streaming ambitions following its $4.8B acquisition of Grupo Televisa (TV), set to close later this year. The broadcaster plans a service to come in 2022 to the United States and Latin America, encompassing subscription options as well as free ad-supported video. It will roll up the existing VIX and Univision Now services, along with Univision's recently launched ad-supported PrendeTV service. The free tier will have more than 100 linear channels and more than 40,000 hours

이익 및 매출 성장 예측

NYSE:TV - 애널리스트 향후 추정치 및 과거 재무 데이터 (MXN Millions)
날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수
12/31/202855,8237504,336N/A9
12/31/202755,7711,5433,314N/A10
12/31/202656,648603N/AN/A10
3/31/202658,417-8,456N/AN/AN/A
12/31/202558,878-9,1686,61820,092N/A
9/30/202559,556-10,99611,46522,895N/A
6/30/202560,292-8,39716,26326,527N/A
3/31/202561,283-8,89822,77132,831N/A
12/31/202462,261-8,32222,07832,554N/A
9/30/202463,394-5,44817,04528,860N/A
6/30/202464,448-7,28712,70225,562N/A
3/31/202465,421-7,3645,30120,179N/A
12/31/202366,223-9,051-1,37615,201N/A
9/30/202368,995-14,8752,06518,571N/A
6/30/202371,831-13,3222,12119,317N/A
3/31/202373,671-10,1795,63623,692N/A
12/31/202268,616-12,116-6,65512,468N/A
9/30/202275,2232,851-9,13110,842N/A
6/30/202274,562747-11,98011,337N/A
3/31/202274,502-1,414-13,45510,830N/A
12/31/202173,915-5304,15729,324N/A
9/30/202182,8691,2291,83127,546N/A
6/30/202188,2226,3045,68229,530N/A
3/31/202192,1557,1627,46430,161N/A
12/31/202070,680-7,34311,79433,161N/A
9/30/202097,847-2,15312,59733,562N/A
6/30/202099,690-4,74714,54335,135N/A
3/31/2020101,591-5,56715,73336,943N/A
12/31/2019101,7574,626N/A27,269N/A
9/30/2019100,2242,273N/A31,133N/A
6/30/201999,4712,495N/A27,262N/A
3/31/2019101,8665,874N/A28,315N/A
12/31/2018101,2826,009N/A33,714N/A
9/30/2018101,2276,847N/A33,969N/A
6/30/201898,8576,884N/A32,841N/A
3/31/201895,1324,006N/A26,517N/A
12/31/201794,2744,524N/A25,100N/A
9/30/201794,8954,273N/A26,941N/A
6/30/201795,9544,320N/A30,348N/A
3/31/201796,5014,317N/A29,717N/A
12/31/201696,2873,721N/A36,657N/A
9/30/201693,9384,650N/A35,280N/A
6/30/201692,47110,133N/A22,197N/A
3/31/201689,93310,046N/A23,930N/A
12/31/201588,05210,899N/A31,286N/A
9/30/201587,12111,832N/A32,178N/A
6/30/201584,6955,104N/A41,844N/A

애널리스트 향후 성장 전망

수입 대 저축률: TV 은 향후 3년 동안 수익을 낼 것으로 예상되며, 이는 절약률(3.5%)보다 빠른 성장으로 간주됩니다.

수익 vs 시장: TV (는) 향후 3년 동안 평균 시장 성장보다 높은 수익을 올릴 것으로 예상됩니다.

고성장 수익: TV 향후 3년 내에 수익을 낼 것으로 예상됩니다.

수익 대 시장: TV 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -1.8%).

고성장 매출: TV 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -1.8%).

주당순이익 성장 예측

향후 자기자본이익률

미래 ROE: TV의 자본 수익률은 3년 후 0.2%로 낮을 것으로 예상됩니다.

성장 기업 찾아보기

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/11 13:35
종가2026/05/11 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
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시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

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산업 및 섹터 지표

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분석가 소스

Grupo Televisa, S.A.B.는 25명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Martín LaraActinver Case de Bolsa, S.A. de C.V.
Michel MorinBarclays
Matthew HarriganBenchmark Company