ENXTPA:TFI

Stock Analysis Report

Télévision Française 1

Executive Summary

Télévision Française 1 SA, an integrated media company, engages in broadcasting business in France and internationally.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

How has Télévision Française 1's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.1%

ENXTPA:TFI

0.2%

FR Media

-0.8%

FR Market


1 Year Return

-0.8%

ENXTPA:TFI

-16.7%

FR Media

-1.5%

FR Market

TFI outperformed the Media industry which returned -16.7% over the past year.

TFI matched the France Market (-1.5%) over the past year.


Share holder returns

TFIIndustryMarket
7 Day-1.1%0.2%-0.8%
30 Day-3.5%-6.8%-5.1%
90 Day-6.3%-9.6%-2.9%
1 Year3.6%-0.8%-13.0%-16.7%1.8%-1.5%
3 Year11.7%0.7%-13.0%-21.8%39.1%25.5%
5 Year0.3%-23.1%-2.8%-17.6%56.4%33.2%

Price Volatility Vs. Market

How volatile is Télévision Française 1's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Télévision Française 1 undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Télévision Française 1's share price is below the future cash flow value, and at a moderate discount (> 20%).

Télévision Française 1's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Télévision Française 1 is good value based on earnings compared to the FR Media industry average.

Télévision Française 1 is good value based on earnings compared to the France market.


Price Based on Expected Growth

Télévision Française 1 is poor value based on expected growth next year.


Price Based on Value of Assets

Télévision Française 1 is good value based on assets compared to the FR Media industry average.


Next Steps

Future Growth

How is Télévision Française 1 expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

10.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Télévision Française 1's revenue is expected to grow by 1.3% yearly, however this is not considered high growth (20% yearly).

Télévision Française 1's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).

Télévision Française 1's revenue growth is positive but not above the France market average.

Télévision Française 1's earnings growth is positive but not above the France market average.

Télévision Française 1's earnings growth is expected to exceed the low risk savings rate of 0.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Télévision Française 1 is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Télévision Française 1 performed over the past 5 years?

10.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Télévision Française 1's year on year earnings growth rate has been positive over the past 5 years.

Télévision Française 1's 1-year earnings growth exceeds its 5-year average (33.4% vs 10.1%)

Télévision Française 1's earnings growth has exceeded the FR Media industry average in the past year (33.4% vs 13.9%).


Return on Equity

Télévision Française 1 has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Télévision Française 1 used its assets more efficiently than the FR Media industry average last year based on Return on Assets.


Return on Capital Employed

Télévision Française 1 has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Télévision Française 1's financial position?


Financial Position Analysis

Télévision Française 1 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Télévision Française 1's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Télévision Française 1's level of debt (11.3%) compared to net worth is satisfactory (less than 40%).

Télévision Française 1 had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.

Debt is well covered by operating cash flow (270.9%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 132.2x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 10.6x debt.


Next Steps

Dividend

What is Télévision Française 1's current dividend yield, its reliability and sustainability?

5.89%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Télévision Française 1's pays a higher dividend yield than the bottom 25% of dividend payers in France (1.59%).

Télévision Française 1's dividend is below the markets top 25% of dividend payers in France (4.63%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be covered by earnings (1.8x coverage).


Next Steps

Management

What is the CEO of Télévision Française 1's salary, the management and board of directors tenure and is there insider trading?

3.5yrs

Average management tenure


CEO

Gilles Christian Pélisson (62yo)

3.5yrs

Tenure

€2,509,864

Compensation

Mr. Gilles Christian Gérard Pélisson serves as the Chief Executive Officer of TF1 Group since February 19, 2016. Mr. Pélisson serves as a Member of the Management Board of Lenôtre SA. He served as the Chie ...


CEO Compensation Analysis

Gilles Christian's remuneration is higher than average for companies of similar size in France.

Gilles Christian's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.5yrs

Average Tenure

56yo

Average Age

The tenure for the Télévision Française 1 management team is about average.


Board Age and Tenure

6.8yrs

Average Tenure

62.5yo

Average Age

The tenure for the Télévision Française 1 board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Gilles Christian Pélisson (62yo)

    Chairman & CEO

    • Tenure: 3.5yrs
    • Compensation: 2.51m
  • Jean-François Lancelier (64yo)

    Chief Executive of Broadcasting

  • Arnaud Bosom (59yo)

    Executive VP of Human Resources & Corporate Social Responsibility

    • Tenure: 3.5yrs
  • Maylis Carcabal (47yo)

    Vice President of Communication & Brands

    • Tenure: 1.4yrs
  • Olivier Abecassis (46yo)

    Chief Executive Officer of UNIFY

  • Hervé Pavard (52yo)

    Director of Technologies

    • Tenure: 4.8yrs
  • Santi Casariego

    Head of Production of Musical Content

    • Tenure: 12.6yrs
  • Ara Aprikian (53yo)

    Executive Vice President of Content

    • Tenure: 3.5yrs
  • Stéphanie Laval

    Head of Financial Communication and Investor Relations

  • Philippe Denery (62yo)

    Executive VP of Finance & Procurement

    • Tenure: 3.5yrs

Board Members

  • Gilles Christian Pélisson (62yo)

    Chairman & CEO

    • Tenure: 3.5yrs
    • Compensation: 2.51m
  • Olivier Bouygues (69yo)

    Non-Independent Director

    • Tenure: 14.3yrs
    • Compensation: 18.50k
  • Laurent-Éric Le Lay (51yo)

    Chairman of TF1 Publicité

    • Tenure: 5.8yrs
  • Catherine Dussart (66yo)

    Independent Director

    • Tenure: 6.3yrs
    • Compensation: 27.14k
  • Philippe Balland (61yo)

    Advisor to the Chief Executive

    • Tenure: 7.2yrs
  • Olivier Roussat (55yo)

    Non-Independent Director

    • Tenure: 6.3yrs
    • Compensation: 23.90k
  • Laurence Danon Arnaud (63yo)

    Independent Director

    • Tenure: 9.1yrs
    • Compensation: 30.50k
  • Martin Bouygues (67yo)

    Non-Independent Director

    • Tenure: 31.9yrs
    • Compensation: 23.90k
  • Pascaline de Dreuzy (61yo)

    Independent Director

    • Tenure: 3.3yrs
    • Compensation: 30.50k
  • Philippe Marien (63yo)

    Non-Independent Director

    • Tenure: 11.5yrs
    • Compensation: 33.74k

Company Information

Télévision Française 1 SA's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Télévision Française 1 SA
  • Ticker: TFI
  • Exchange: ENXTPA
  • Founded: 1975
  • Industry: broadcasting
  • Sector: media
  • Market Cap: €1.815b
  • Shares outstanding: 209.86m
  • Website: Click here

Number of Employees


Location

  • Télévision Française 1 SA
  • 1, quai du Point-du-Jour
  • Cedex
  • Boulogne-Billancourt
  • Ile-de-France
  • 92656
  • France

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TVFC.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
TFIENXTPA (Euronext Paris)YesOrdinary SharesFREURJan 1992
FSEDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
0NQTLSE (London Stock Exchange)YesOrdinary SharesGBEURJan 1992
TFIPBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURJan 1992

Biography

Télévision Française 1 SA, an integrated media company, engages in broadcasting business in France and internationally. The company’s Broadcasting segment operates TF1, an event-based channel; TMC, a digit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company AnalysisN/A
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.