TSX:TVA.B

Stock Analysis Report

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Executive Summary

TVA Group Inc. operates a communications company in Canada. More Details


Snowflake Analysis

Very undervalued with flawless balance sheet.


Similar Companies

Share Price & News

How has TVA Group's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TVA.B is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: TVA.B's weekly volatility (8%) has been stable over the past year.


Market Performance


7 Day Return

12.5%

TVA.B

0.2%

CA Media

0.7%

CA Market


1 Year Return

21.6%

TVA.B

-12.9%

CA Media

-2.0%

CA Market

Return vs Industry: TVA.B exceeded the Canadian Media industry which returned -12.8% over the past year.

Return vs Market: TVA.B exceeded the Canadian Market which returned -1.8% over the past year.


Shareholder returns

TVA.BIndustryMarket
7 Day12.5%0.2%0.7%
30 Day3.4%0.6%5.3%
90 Day12.5%-4.4%4.0%
1 Year21.6%21.6%-9.5%-12.9%1.6%-2.0%
3 Year-57.7%-57.7%2.7%-8.1%10.2%-0.5%
5 Year-56.2%-56.2%27.5%5.3%44.5%22.3%

Long-Term Price Volatility Vs. Market

How volatile is TVA Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TVA Group undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TVA.B (CA$1.8) is trading below our estimate of fair value (CA$4.54)

Significantly Below Fair Value: TVA.B is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TVA.B is good value based on its PE Ratio (3.7x) compared to the CA Media industry average (12.5x).

PE vs Market: TVA.B is good value based on its PE Ratio (3.7x) compared to the Canadian market (15x).


Price to Earnings Growth Ratio

PEG Ratio: TVA.B is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: TVA.B is good value based on its PB Ratio (0.3x) compared to the CA Media industry average (1.1x).


Next Steps

Future Growth

How is TVA Group forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

18.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TVA.B's forecast earnings growth (18.4% per year) is above the savings rate (1.7%).

Earnings vs Market: TVA.B's earnings (18.4% per year) are forecast to grow slower than the Canadian market (26.1% per year).

High Growth Earnings: TVA.B's earnings are forecast to grow, but not significantly.

Revenue vs Market: TVA.B's revenue (1.1% per year) is forecast to grow slower than the Canadian market (6.1% per year).

High Growth Revenue: TVA.B's revenue (1.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if TVA.B's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has TVA Group performed over the past 5 years?

66.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TVA.B has high quality earnings.

Growing Profit Margin: TVA.B's current net profit margins (4%) are higher than last year (1.8%).


Past Earnings Growth Analysis

Earnings Trend: TVA.B has become profitable over the past 5 years, growing earnings by 66.8% per year.

Accelerating Growth: TVA.B's earnings growth over the past year (109.3%) exceeds its 5-year average (66.8% per year).

Earnings vs Industry: TVA.B earnings growth over the past year (109.3%) exceeded the Media industry 88.9%.


Return on Equity

High ROE: TVA.B's Return on Equity (7.5%) is considered low.


Next Steps

Financial Health

How is TVA Group's financial position?


Financial Position Analysis

Short Term Liabilities: TVA.B's short term assets (CA$253.3M) exceed its short term liabilities (CA$225.4M).

Long Term Liabilities: TVA.B's short term assets (CA$253.3M) exceed its long term liabilities (CA$58.4M).


Debt to Equity History and Analysis

Debt Level: TVA.B's debt to equity ratio (12.4%) is considered satisfactory.

Reducing Debt: TVA.B's debt to equity ratio has reduced from 23.6% to 12.4% over the past 5 years.

Debt Coverage: TVA.B's debt is well covered by operating cash flow (82%).

Interest Coverage: TVA.B's interest payments on its debt are well covered by EBIT (18.7x coverage).


Balance Sheet


Next Steps

Dividend

What is TVA Group current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TVA.B's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TVA.B's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TVA.B's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TVA.B's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TVA.B is not paying a notable dividend for the Canadian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TVA.B's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

  • Explore strong dividend paying companies in the Media industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

France Lauzière (53 yo)

3.08yrs

Tenure

CA$992,088

Compensation

Ms. France Lauzière serves as President & CEO of TVA Group Inc. and Chief of Content- Quebecor Content at Quebecor Media Inc. and at Quebecor Inc. since October 13, 2017. Ms. Lauzière served as Senior Vice...


CEO Compensation Analysis

Compensation vs Market: France's total compensation ($USD759.34K) is above average for companies of similar size in the Canadian market ($USD165.33K).

Compensation vs Earnings: France's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
France Lauzière
President & CEO3.08yrsCA$992.09kno data
Anick Dubois
Vice President of Finance1.83yrsCA$490.17kno data
Denis Rozon
Vice President of Productions1.83yrsCA$706.21kno data
Michel Trudel
President of MELSno dataCA$450.00kno data
Marc Tremblay
Chief Legal Officerno datano datano data
Véronique Mercier
Vice President of Communicationsno datano datano data
Claude Foisy
Vice President of Marketingno datano datano data
Jean-François Reid
Vice-President of Human Resourcesno datano datano data
Martin Picard
VP & COO - Content3.08yrsno datano data
Patrick Jutras
Senior VP & Chief Advertising Officer1.17yrsno datano data
Sophie Riendeau
Corporate Secretaryno datano datano data
Dominique Poulin-Gouin
Assistant Secretaryno datano datano data

1.8yrs

Average Tenure

55yo

Average Age

Experienced Management: TVA.B's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Jean-Marc Léger
Non-Independent Director13.5yrsCA$60.25k0.010%
CA$ 8.1k
Jacques Dorion
Non-Independent Director6.33yrsCA$63.25k0.0079%
CA$ 6.1k
Sylvie Lalande
Independent Chairman6.67yrsCA$150.00k0.025%
CA$ 19.5k
Daniel Paillé
Independent Director3.5yrsCA$74.50kno data
Marc Courtois
Independent Corporate Director17.5yrsCA$69.92k0.014%
CA$ 10.8k
A. Lavigne
Independent Vice Chairmanno dataCA$92.91k0.017%
CA$ 13.1k
Nathalie Elgrably-Lévy
Independent Director12.83yrsCA$68.87kno data
Annick Mongeau
Independent Director6.33yrsCA$72.00k0.0060%
CA$ 4.7k

6.7yrs

Average Tenure

68.5yo

Average Age

Experienced Board: TVA.B's board of directors are considered experienced (6.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

TVA Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TVA Group Inc.
  • Ticker: TVA.B
  • Exchange: TSX
  • Founded: 1960
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: CA$77.770m
  • Shares outstanding: 43.21m
  • Website: https://www.groupetva.ca

Number of Employees


Location

  • TVA Group Inc.
  • 1600 de Maisonneuve Boulevard East
  • Montreal
  • Quebec
  • H2L 4P2
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TVA.BTSX (The Toronto Stock Exchange)YesClass B SharesCACADJan 1976
TVAG.FOTCPK (Pink Sheets LLC)YesClass B SharesUSUSDJan 1976

Biography

TVA Group Inc. operates a communications company in Canada. It operates through four segments: Broadcasting, Magazines, Film Production & Audiovisual Services, and Production & Distribution. The Broadcasti...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/23 23:34
End of Day Share Price2020/11/23 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.