Television Broadcasts Limited

DB:TBCN Stock Report

Market Cap: €176.4m

Television Broadcasts Valuation

Is TBCN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of TBCN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate TBCN's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate TBCN's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for TBCN?

Key metric: As TBCN is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TBCN. This is calculated by dividing TBCN's market cap by their current revenue.
What is TBCN's PS Ratio?
PS Ratio0.4x
SalesHK$3.28b
Market CapHK$1.44b

Price to Sales Ratio vs Peers

How does TBCN's PS Ratio compare to its peers?

The above table shows the PS ratio for TBCN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
PSM ProSiebenSat.1 Media
0.3x2.5%€1.1b
KA8 Klassik Radio
0.9xn/a€17.8m
WIG1 Sporttotal
0.4xn/a€15.7m
RRTL RTL Group
0.6x3.8%€3.7b
TBCN Television Broadcasts
0.4x5.8%€1.4b

Price-To-Sales vs Peers: TBCN is good value based on its Price-To-Sales Ratio (0.4x) compared to the peer average (0.5x).


Price to Sales Ratio vs Industry

How does TBCN's PS Ratio compare vs other companies in the DE Media Industry?

2 CompaniesPrice / SalesEstimated GrowthMarket Cap
53Y Bonhill Group
0.02xn/aUS$398.20k
69R Aventura Group
0.09xn/aUS$242.86k
No more companies available in this PS range
TBCN 0.4xIndustry Avg. 0.7xNo. of Companies3PS00.61.21.82.43+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TBCN is good value based on its Price-To-Sales Ratio (0.4x) compared to the European Media industry average (0.7x).


Price to Sales Ratio vs Fair Ratio

What is TBCN's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

TBCN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.4x
Fair PS Ratio0.8x

Price-To-Sales vs Fair Ratio: TBCN is good value based on its Price-To-Sales Ratio (0.4x) compared to the estimated Fair Price-To-Sales Ratio (0.8x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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