TVA Group (TSX:TVA.B) - Share price, News & Analysis

TVA.B fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	6/6
Dividends	0/6

TVA.B Stock Overview

TVA Group Inc. operates a communications company in Canada.

Rewards

PE ratio (6.7x) is below the Canadian market (11.4x)

Risk Analysis

Profit margins (3.5%) are lower than last year (5.6%)

TVA Group Competitors

Postmedia Network Canada

TSX:PNC.B

CA$152.9m

Price History & Performance

Summary of all time highs, changes and price drops for TVA Group
Historical stock prices
Current Share Price	CA$3.42
52 Week High	CA$4.00
52 Week Low	CA$2.67
Beta	0.68
1 Month Change	-8.31%
3 Month Change	0.29%
1 Year Change	24.36%
3 Year Change	71.00%
5 Year Change	-1.44%
Change since IPO	-49.02%

Recent News & Updates

Jan 21

TVA Group (TSE:TVA.B) Has A Pretty Healthy Balance Sheet

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

	TVA.B	CA Media	CA Market
7D	8.6%	2.0%	0.8%
1Y	24.4%	-7.4%	4.8%

Return vs Industry: TVA.B exceeded the Canadian Media industry which returned -7.4% over the past year.

Return vs Market: TVA.B exceeded the Canadian Market which returned 4.9% over the past year.

Price Volatility

Is TVA.B's price volatile compared to industry and market?
TVA.B volatility
TVA.B Average Weekly Movement	8.0%
Media Industry Average Movement	5.2%
Market Average Movement	9.8%
10% most volatile stocks in CA Market	17.0%
10% least volatile stocks in CA Market	4.4%

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.

About the Company

Founded	Employees	CEO	Website
1960	1,330	Pierre Peladeau	https://www.groupetva.ca

TVA Group Inc. operates a communications company in Canada. It operates through four segments: Broadcasting, Magazines, Film Production & Audiovisual Services, and Production & Distribution. The company’s Broadcasting segment creates, produces, and broadcasts entertainment, sports, news, and public affairs programming, as well as engages in commercial production; operates a French-language television network; markets digital products associated with various televisual brands; and provides custom publishing and specialty services.

TVA Group Fundamentals Summary

How do TVA Group's earnings and revenue compare to its market cap?
TVA.B fundamental statistics
Market Cap	CA$147.76m
Earnings (TTM)	CA$21.94m
Revenue (TTM)	CA$626.52m

6.7x

P/E Ratio

0.2x

P/S Ratio

Is TVA.B overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
TVA.B income statement (TTM)
Revenue	CA$626.52m
Cost of Revenue	CA$543.49m
Gross Profit	CA$83.03m
Other Expenses	CA$61.09m
Earnings	CA$21.94m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.51
Gross Margin	13.25%
Net Profit Margin	3.50%
Debt/Equity Ratio	7.0%

How did TVA.B perform over the long term?

See historical performance and comparison

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

6.74x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: TVA.B (CA$3.42) is trading above our estimate of fair value (CA$3.07)

Significantly Below Fair Value: TVA.B is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: TVA.B is good value based on its PE Ratio (6.7x) compared to the Canadian Media industry average (11.2x).

PE vs Market: TVA.B is good value based on its PE Ratio (6.7x) compared to the Canadian market (11.4x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate TVA.B's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: TVA.B is good value based on its PB Ratio (0.4x) compared to the CA Media industry average (1.3x).

Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

-5.3%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if TVA.B's forecast earnings growth is above the savings rate (1.6%).

Earnings vs Market: Insufficient data to determine if TVA.B's earnings are forecast to grow faster than the Canadian market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TVA.B's revenue is expected to decline over the next 3 years (-5.3% per year).

High Growth Revenue: TVA.B's revenue is forecast to decline over the next 3 years (-5.3% 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

Past Performance

How has TVA Group performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

63.8%

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 (3.5%) are lower than last year (5.6%).

Past Earnings Growth Analysis

Earnings Trend: TVA.B has become profitable over the past 5 years, growing earnings by 63.8% per year.

Accelerating Growth: TVA.B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TVA.B had negative earnings growth (-23.3%) over the past year, making it difficult to compare to the Media industry average (2.4%).

Return on Equity

High ROE: TVA.B's Return on Equity (5.8%) is considered low.

Financial Health

How is TVA Group's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: TVA.B's short term assets (CA$339.9M) exceed its short term liabilities (CA$276.1M).

Long Term Liabilities: TVA.B's short term assets (CA$339.9M) exceed its long term liabilities (CA$22.4M).

Debt to Equity History and Analysis

Debt Level: TVA.B's net debt to equity ratio (6.3%) is considered satisfactory.

Reducing Debt: TVA.B's debt to equity ratio has reduced from 30.2% to 7% over the past 5 years.

Debt Coverage: TVA.B's debt is well covered by operating cash flow (93.7%).

Interest Coverage: TVA.B's interest payments on its debt are well covered by EBIT (24.8x coverage).

Balance Sheet

Dividend

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

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

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.

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as TVA.B has not reported any payouts.

Discover strong dividend paying companies

Management

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

3.0yrs

Average management tenure

CEO

Pierre Peladeau (59 yo)

1.08yrs

Tenure

Mr. Pierre Karl Peladeau serves as Acting as Interim President of TVA Group Inc., since April 14, 2021 and serves as its Chief Executive Officer. Mr. Peladeau serves as Director of Alithya Group Inc. from...

Leadership Team

Experienced Management: TVA.B's management team is considered experienced (3 years average tenure).

Board Members

Experienced Board: TVA.B's board of directors are seasoned and experienced ( 11.1 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.

Data	Last Updated (UTC time)
Company Analysis	2022/05/22 00:00
End of Day Share Price	2022/05/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31