ENXTPA:TFI

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Télévision Française 1 Société anonyme

Executive Summary

Télévision Française 1 Société anonyme, an integrated media company, engages in the broadcasting business in France, rest of Europe, and internationally. More Details

Rewards

Trading at 15.3% below our estimate of its fair value

Earnings are forecast to grow 10.9% per year

Risk Analysis

No risks detected for TFI from our risk checks.


Snowflake Analysis

Flawless balance sheet and good value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: TFI is not significantly more volatile than the rest of French stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: TFI's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

3.5%

TFI

-0.3%

FR Media

1.1%

FR Market


1 Year Return

-11.1%

TFI

-15.1%

FR Media

-2.6%

FR Market

Return vs Industry: TFI exceeded the French Media industry which returned -13.9% over the past year.

Return vs Market: TFI underperformed the French Market which returned -3% over the past year.


Shareholder returns

TFIIndustryMarket
7 Day3.5%-0.3%1.1%
30 Day36.4%20.1%15.2%
90 Day24.4%19.3%11.6%
1 Year-11.1%-11.1%-12.7%-15.1%-0.6%-2.6%
3 Year-47.2%-51.2%-29.8%-36.9%16.8%7.1%
5 Year-31.2%-42.1%-28.0%-39.6%48.9%28.7%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

Is Télévision Française 1 Société anonyme undervalued compared to its fair value and its price relative to the market?

15.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TFI (€6.53) is trading below our estimate of fair value (€7.71)

Significantly Below Fair Value: TFI is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: TFI is good value based on its PE Ratio (12x) compared to the FR Media industry average (12.2x).

PE vs Market: TFI is good value based on its PE Ratio (12x) compared to the French market (21.1x).


Price to Earnings Growth Ratio

PEG Ratio: TFI is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: TFI is good value based on its PB Ratio (0.9x) compared to the FR Media industry average (1.2x).


Next Steps

Future Growth

How is Télévision Française 1 Société anonyme forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TFI's forecast earnings growth (10.9% per year) is above the savings rate (0.6%).

Earnings vs Market: TFI's earnings (10.9% per year) are forecast to grow slower than the French market (25.3% per year).

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

Revenue vs Market: TFI's revenue (4.6% per year) is forecast to grow slower than the French market (7.3% per year).

High Growth Revenue: TFI's revenue (4.6% 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 (7%).


Next Steps

Past Performance

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

13.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TFI has high quality earnings.

Growing Profit Margin: TFI's current net profit margins (5.5%) are lower than last year (7%).


Past Earnings Growth Analysis

Earnings Trend: TFI's earnings have grown by 13.4% per year over the past 5 years.

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

Earnings vs Industry: TFI had negative earnings growth (-30.4%) over the past year, making it difficult to compare to the Media industry average (-21.5%).


Return on Equity

High ROE: TFI's Return on Equity (7%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis

Short Term Liabilities: TFI's short term assets (€2.0B) exceed its short term liabilities (€1.6B).

Long Term Liabilities: TFI's short term assets (€2.0B) exceed its long term liabilities (€288.6M).


Debt to Equity History and Analysis

Debt Level: TFI's debt to equity ratio (17.2%) is considered satisfactory.

Reducing Debt: TFI had negative shareholder equity 5 years ago, but is now positive and has therefore improved.

Debt Coverage: TFI's debt is well covered by operating cash flow (133.1%).

Interest Coverage: TFI's interest payments on its debt are well covered by EBIT (32.9x coverage).


Balance Sheet


Next Steps

Dividend

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

5.10%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate TFI'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 TFI's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Dividend Coverage: TFI is not paying a notable dividend for the French market.


Future Payout to Shareholders

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


Next Steps

Management

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

4.8yrs

Average management tenure


CEO

Gilles Christian Pélisson (63 yo)

4.75yrs

Tenure

€2,166,720

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

Compensation vs Market: Gilles Christian's total compensation ($USD2.58M) is above average for companies of similar size in the French market ($USD908.55K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Gilles Christian Pélisson
Chairman & CEO4.75yrs€2.17m0.0014%
€ 19.9k
Philippe Denery
Executive Vice President of Finance & Procurement4.75yrsno datano data
Hervé Pavard
Director of Technologies6yrsno datano data
Stéphanie Laval
Head of Financial Communication and Investor Relationsno datano datano data
Jean-Michel Counillon
General Counselno datano datano data
Maylis Carcabal
Vice President of Communication & Brands2.67yrsno datano data
Arnaud Bosom
Executive VP of Human Resources & Corporate Social Responsibility4.75yrsno datano data
Jean-François Lancelier
Chief Executive of Broadcastingno datano datano data
Santiago Casariego
Head of Production of Musical Content13.83yrsno datano data
Ara Aprikian
Executive Vice President of Content4.75yrsno datano data
Christine Bellin
VP of Strategy & Customer Distributionno datano datano data
Thierry Thuillier
Executive Vice President of News3.08yrsno datano data

4.8yrs

Average Tenure

58.5yo

Average Age

Experienced Management: TFI's management team is considered experienced (4.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Gilles Christian Pélisson
Chairman & CEO4.75yrs€2.17m0.0014%
€ 19.9k
Philippe Balland
Advisor to the Chief Executive8.42yrsno datano data
Olivier Bouygues
Non-Independent Director15.58yrs€13.64k0.000050%
€ 696.9
Laurence Danon Arnaud
Independent Director10.33yrs€30.50k0.000050%
€ 696.9
Laurent-Éric Le Lay
Chairman of TF1 Publicité7.08yrsno datano data
Pascal Grange
Employee Representative Director0.75yrno datano data
Olivier Roussat
Non-Independent Director7.58yrs€20.66k0.000050%
€ 696.9
Catherine Dussart
Independent Director7.58yrs€28.49k0.000050%
€ 696.9
Marie Pic-Pâris Allavena
Independent Director1.58yrs€14.44k0.00024%
€ 3.3k
Sophie Talamoni
Employee Representative Non-Independent Director6.58yrs€22.28k0%
€ 0
Pascaline de Dreuzy
Independent Director4.58yrs€31.31k0.000050%
€ 696.9
Sabrina Zerbib
Employee Representative Director0.67yrno datano data

6.8yrs

Average Tenure

61yo

Average Age

Experienced Board: TFI's board of directors are considered experienced (6.8 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 company bio, 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: €1.394b
  • Shares outstanding: 210.39m
  • Website: https://www.groupe-tf1.fr

Number of Employees


Location

  • Télévision Française 1 Société anonyme
  • 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 Société anonyme, an integrated media company, engages in the broadcasting business in France, rest of Europe, and internationally. The company offers broadcasting channels, such as D...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/26 19:26
End of Day Share Price2020/11/26 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.