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TFI

Télévision Française 1 Société anonymeENXTPA:TFI Stock Report

Market Cap

€1.8b

7D

0.3%

1Y

55.6%

Updated

24 Oct, 2021

Data

Company Financials +
TFI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends4/6

TFI Overview

Télévision Française 1 Société anonyme engages in the broadcasting, studios and entertainment, and digital businesses in France and internationally.

Télévision Française 1 Société anonyme Competitors

NRJ Group

ENXTPA:NRG

€442.6m

Apple

NasdaqGS:AAPL

US$2.5t

Alphabet

NasdaqGS:GOOG.L

US$1.8t

Amazon.com

NasdaqGS:AMZN

US$1.7t

Price History & Performance

Summary of all time highs, changes and price drops for Télévision Française 1 Société anonyme
Historical stock prices
Current Share Price€8.46
52 Week High€4.48
52 Week Low€9.24
Beta1.24
1 Month Change-0.59%
3 Month Change2.05%
1 Year Change55.57%
3 Year Change3.30%
5 Year Change0.24%
Change since IPO90.01%

Recent News & Updates

Aug 19
We Think Télévision Française 1 Société anonyme (EPA:TFI) Can Manage Its Debt With Ease

We Think Télévision Française 1 Société anonyme (EPA:TFI) Can Manage Its Debt With Ease

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...

Jul 09
Is It Time To Consider Buying Télévision Française 1 Société anonyme (EPA:TFI)?

Is It Time To Consider Buying Télévision Française 1 Société anonyme (EPA:TFI)?

While Télévision Française 1 Société anonyme ( EPA:TFI ) might not be the most widely known stock at the moment, it saw...

Shareholder Returns

TFIFR MediaFR Market
7D0.3%-0.2%0.7%
1Y55.6%-5.9%35.2%

Return vs Industry: TFI exceeded the French Media industry which returned -5.9% over the past year.

Return vs Market: TFI exceeded the French Market which returned 35.2% over the past year.

Price Volatility

Is TFI's price volatile compared to industry and market?
TFI volatility
TFI Beta1.24
Industry Beta1.11
Market Beta1

Stable Share Price: TFI is less volatile than 75% of French stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: TFI's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19823,173Gilles Christian Pelissonhttps://www.groupe-tf1.fr

Télévision Française 1 Société anonyme engages in the broadcasting, studios and entertainment, and digital businesses in France and internationally. The company offers broadcasting channels, such as TMC, LCI, TFX, TF1 Séries Films, TF1 Publicité, TF1 Films Production, TF1 Production, e-TF1, TV Breizh, Ushuaïa TV, and Histoire TV, as well as TF1, which covers sports, French drama, foreign series, news, entertainment, and movies. It also operates studios, including Newen Studios; TF1 Studio; and entertainment channel comprising TF1 Entertainment.

Télévision Française 1 Société anonyme Fundamentals Summary

How do Télévision Française 1 Société anonyme's earnings and revenue compare to its market cap?
TFI fundamental statistics
Market Cap€1.78b
Earnings (TTM)€125.30m
Revenue (TTM)€2.33b

14.2x

P/E Ratio

0.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TFI income statement (TTM)
Revenue€2.33b
Cost of Revenue€1.41b
Gross Profit€919.70m
Expenses€794.40m
Earnings€125.30m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

Oct 28, 2021

Earnings per share (EPS)0.60
Gross Margin39.52%
Net Profit Margin5.38%
Debt/Equity Ratio12.6%

How did TFI perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

76%

Payout Ratio

Valuation

Is Télévision Française 1 Société anonyme 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: TFI (€8.46) is trading below our estimate of fair value (€22.81)

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


Price To Earnings Ratio

PE vs Industry: TFI is poor value based on its PE Ratio (14.2x) compared to the French Media industry average (13.8x).

PE vs Market: TFI is good value based on its PE Ratio (14.2x) compared to the French market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: TFI is poor value based on its PEG Ratio (1x)


Price to Book Ratio

PB vs Industry: TFI is good value based on its PB Ratio (1.1x) compared to the FR Media industry average (1.8x).


Future Growth

How is Télévision Française 1 Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

13.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFI's forecast earnings growth (13.6% per year) is above the savings rate (0.3%).

Earnings vs Market: TFI's earnings (13.6% per year) are forecast to grow faster than the French market (12.3% per year).

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

Revenue vs Market: TFI's revenue (1.7% per year) is forecast to grow slower than the French market (6.2% per year).

High Growth Revenue: TFI's revenue (1.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TFI's Return on Equity is forecast to be low in 3 years time (10.6%).


Past Performance

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

7.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TFI has a large one-off loss of €82.4M impacting its June 30 2021 financial results.

Growing Profit Margin: TFI's current net profit margins (5.4%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: TFI's earnings have grown by 7.8% per year over the past 5 years.

Accelerating Growth: TFI's earnings growth over the past year (45.9%) exceeds its 5-year average (7.8% per year).

Earnings vs Industry: TFI earnings growth over the past year (45.9%) exceeded the Media industry 16.8%.


Return on Equity

High ROE: TFI's Return on Equity (7.6%) is considered low.


Financial Health

How is Télévision Française 1 Société anonyme's financial position?


Financial Position Analysis

Short Term Liabilities: TFI's short term assets (€2.1B) exceed its short term liabilities (€1.6B).

Long Term Liabilities: TFI's short term assets (€2.1B) exceed its long term liabilities (€277.9M).


Debt to Equity History and Analysis

Debt Level: TFI's debt to equity ratio (12.6%) is considered satisfactory.

Reducing Debt: TFI's debt to equity ratio has reduced from 14.7% to 12.6% over the past 5 years.

Debt Coverage: TFI's debt is well covered by operating cash flow (230.2%).

Interest Coverage: TFI's interest payments on its debt are well covered by EBIT (79.6x coverage).


Balance Sheet


Dividend

What is Télévision Française 1 Société anonyme current dividend yield, its reliability and sustainability?

5.32%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TFI's dividend (5.32%) is higher than the bottom 25% of dividend payers in the French market (1.32%).

High Dividend: TFI's dividend (5.32%) is in the top 25% of dividend payers in the French market (3.93%)


Stability and Growth of Payments

Stable Dividend: TFI's dividend payments have been volatile in the past 10 years.

Growing Dividend: TFI's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.6%), TFI's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TFI's dividends in 3 years are forecast to be covered by earnings (62.5% payout ratio).


Next Steps

Management

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

5.7yrs

Average management tenure


CEO

Gilles Christian Pelisson (64 yo)

5.67yrs

Tenure

€2,289,464

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Gilles Christian's total compensation ($USD2.66M) is above average for companies of similar size in the French market ($USD859.50K).

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


Leadership Team

Experienced Management: TFI's management team is seasoned and experienced (5.7 years average tenure).


Board Members

Experienced Board: TFI's board of directors are considered experienced (8 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

Télévision Française 1 Société anonyme's employee growth, exchange listings and data sources


Key Information

  • Name: Télévision Française 1 Société anonyme
  • Ticker: TFI
  • Exchange: ENXTPA
  • Founded: 1982
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: €1.780b
  • Shares outstanding: 210.49m
  • Website: https://www.groupe-tf1.fr

Number of Employees


Location

  • Télévision Française 1 Société anonyme
  • 1, quai du Point-du-Jour
  • Cedex
  • Boulogne
  • Pays de la Loire
  • 92656
  • France

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/24 17:57
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.