Market Cap
UK£4.3b
Last Updated
2021/01/24 20:11 UTC
Data Sources
Company Financials +
Executive Summary
ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. More Details
Rewards
Risk Analysis
Snowflake Analysis
Undervalued with adequate balance sheet.
Similar Companies
Share Price & News
How has ITV's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ITV is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: ITV's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-2.9%
ITV
-0.8%
GB Media
-0.5%
GB Market
1 Year Return
-24.5%
ITV
-15.6%
GB Media
-8.2%
GB Market
Return vs Industry: ITV underperformed the UK Media industry which returned -15.6% over the past year.
Return vs Market: ITV underperformed the UK Market which returned -8.2% over the past year.
Shareholder returns
| ITV | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.9% | -0.8% | -0.5% |
| 30 Day | -2.3% | 0.3% | 2.9% |
| 90 Day | 45.1% | 23.8% | 15.2% |
| 1 Year | -24.5%-24.5% | -12.7%-15.6% | -4.5%-8.2% |
| 3 Year | -30.6%-38.0% | -13.9%-25.9% | 3.7%-9.0% |
| 5 Year | -48.8%-60.1% | -14.2%-32.9% | 42.1%14.4% |
Long-Term Price Volatility Vs. Market
How volatile is ITV's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is ITV plc (LON:ITV) Potentially Undervalued?3 weeks ago | Simply Wall St
Reflecting on ITV's (LON:ITV) Share Price Returns Over The Last Five Years1 month ago | Simply Wall St
Is There An Opportunity With ITV plc's (LON:ITV) 21% Undervaluation?Valuation
Is ITV undervalued compared to its fair value and its price relative to the market?
22.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ITV (£1.06) is trading below our estimate of fair value (£1.38)
Significantly Below Fair Value: ITV is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ITV is good value based on its PE Ratio (14.1x) compared to the GB Media industry average (21.5x).
PE vs Market: ITV is good value based on its PE Ratio (14.1x) compared to the UK market (22.9x).
Price to Earnings Growth Ratio
PEG Ratio: ITV is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: ITV is overvalued based on its PB Ratio (4.6x) compared to the GB Media industry average (1.4x).
Next Steps
Future Growth
How is ITV forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?
24.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ITV's forecast earnings growth (24.6% per year) is above the savings rate (1%).
Earnings vs Market: ITV's earnings (24.6% per year) are forecast to grow slower than the UK market (25.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ITV's revenue (4.6% per year) is forecast to grow slower than the UK market (6.6% per year).
High Growth Revenue: ITV'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: ITV's Return on Equity is forecast to be high in 3 years time (38.3%)
Next Steps
Past Performance
How has ITV performed over the past 5 years?
-4.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ITV has high quality earnings.
Growing Profit Margin: ITV's current net profit margins (9.9%) are lower than last year (14.4%).
Past Earnings Growth Analysis
Earnings Trend: ITV's earnings have declined by 4.6% per year over the past 5 years.
Accelerating Growth: ITV's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ITV had negative earnings growth (-32.4%) over the past year, making it difficult to compare to the Media industry average (-35.7%).
Return on Equity
High ROE: Whilst ITV's Return on Equity (31.43%) is high, this metric is skewed due to their high level of debt.
Next Steps
Financial Health
How is ITV's financial position?
Financial Position Analysis
Short Term Liabilities: ITV's short term assets (£1.6B) exceed its short term liabilities (£1.4B).
Long Term Liabilities: ITV's short term assets (£1.6B) exceed its long term liabilities (£1.4B).
Debt to Equity History and Analysis
Debt Level: ITV's debt to equity ratio (115.1%) is considered high.
Reducing Debt: ITV's debt to equity ratio has increased from 80.7% to 115.1% over the past 5 years.
Debt Coverage: ITV's debt is well covered by operating cash flow (49.5%).
Interest Coverage: ITV's interest payments on its debt are well covered by EBIT (18.6x coverage).
Balance Sheet
Next Steps
Dividend
What is ITV current dividend yield, its reliability and sustainability?
5.40%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ITV's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate ITV'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 ITV's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ITV's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: ITV is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ITV's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Dame Carolyn McCall (59 yo)
3yrs
Tenure
UK£3,839,000
Compensation
Ms. Dame Carolyn J. McCall, DBE, has been Chief Executive and Director of ITV plc since joining on January 8, 2018 and also has been its Member of Management Board since January 2018. Prior to ITV, she was...
CEO Compensation Analysis
Compensation vs Market: Dame Carolyn's total compensation ($USD5.25M) is above average for companies of similar size in the UK market ($USD2.59M).
Compensation vs Earnings: Dame Carolyn's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive | 3yrs | UK£3.84m | 0.0064% £ 271.2k | |
| Group CFO | 1.92yrs | UK£2.34m | 0.0022% £ 93.7k | |
| General Counsel | 2yrs | no data | no data | |
| Managing Director of Media & Entertainment & Member of Management Board | 10.42yrs | no data | 0.037% £ 1.6m | |
| MD of Commercial & Member of Management Board | 6.08yrs | no data | 0.011% £ 471.8k | |
| MD & Member of Management Board | 3.75yrs | no data | 0.0044% £ 189.1k | |
| Group HR Director & Member of Management Board | 6.25yrs | no data | 0.0052% £ 223.1k | |
| MD of ITV Studios & Member of Management Board | 4.92yrs | no data | 0.0093% £ 397.7k | |
| Group Communications | 3yrs | no data | no data | |
| Group Chief Technology Officer & Member of Management Board | 3yrs | no data | 0.0042% £ 177.6k | |
| Director of Investor Relations | no data | no data | no data | |
| Deputy Managing Director of Commercial | no data | no data | no data |
3.4yrs
Average Tenure
58.5yo
Average Age
Experienced Management: ITV's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chief Executive | 3yrs | UK£3.84m | 0.0064% £ 271.2k | |
| Group CFO | 1.92yrs | UK£2.34m | 0.0022% £ 93.7k | |
| Independent Non-Executive Director | 2.67yrs | UK£71.00k | no data | |
| Independent Non-Executive Director | 3.25yrs | UK£86.00k | 0.00094% £ 40.0k | |
| Senior Independent Non-Executive Director | 2.25yrs | UK£96.00k | no data | |
| Chairman | 4.67yrs | UK£453.00k | 0.0089% £ 380.2k | |
| Independent Non-Executive Director | 6.5yrs | UK£94.00k | 0.0015% £ 63.9k | |
| Independent Non-Executive Director | 0.67yr | no data | no data | |
| Independent Non-Executive Director | 4.92yrs | UK£77.00k | 0.00084% £ 35.8k | |
| Independent Non-Executive Director | 0.083yr | no data | no data | |
| Independent Non-Executive Director | 4yrs | UK£71.00k | 0.0013% £ 54.1k |
3.0yrs
Average Tenure
59yo
Average Age
Experienced Board: ITV's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ITV insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
ITV plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: ITV plc
- Ticker: ITV
- Exchange: LSE
- Founded: 1955
- Industry: Broadcasting
- Sector: Media
- Market Cap: UK£4.258b
- Shares outstanding: 4.00b
- Website: https://www.itv.com
Number of Employees
Location
- ITV plc
- 2 Waterhouse Square
- 140 Holborn
- London
- Greater London
- EC1N 2AE
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ITVP.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Jul 2000 |
| IJ7 | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Jul 2000 |
| ITV | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | Jul 2000 |
| ITVL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | Jul 2000 |
| ITVP.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 2008 |
Biography
ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 20:11 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.