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511

Television BroadcastsSEHK:511 Stock Report

Market Cap

HK$2.7b

7D

-2.0%

1Y

-9.3%

Updated

15 Oct, 2021

Data

Company Financials
511 fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health2/6
Dividends0/6

511 Overview

Television Broadcasts Limited, together with its subsidiaries, engages in terrestrial television broadcasting, program production, and other television-related activities.

Television Broadcasts Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Television Broadcasts
Historical stock prices
Current Share PriceHK$6.23
52 Week HighHK$5.84
52 Week LowHK$9.86
Beta1.21
1 Month Change-7.98%
3 Month Change-11.00%
1 Year Change-9.32%
3 Year Change-64.72%
5 Year Change-78.29%
Change since IPO-1.11%

Recent News & Updates

Mar 25
Television Broadcasts (HKG:511) Is Making Moderate Use Of Debt

Television Broadcasts (HKG:511) Is Making Moderate Use Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Shareholder Returns

511HK MediaHK Market
7D-2.0%-0.9%-0.3%
1Y-9.3%-2.9%5.0%

Return vs Industry: 511 underperformed the Hong Kong Media industry which returned -2.9% over the past year.

Return vs Market: 511 underperformed the Hong Kong Market which returned 5% over the past year.

Price Volatility

Is 511's price volatile compared to industry and market?
511 volatility
511 Beta1.21
Industry Beta0.72
Market Beta1

Stable Share Price: 511 is not significantly more volatile than the rest of Hong Kong stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: 511's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19673,669n/ahttps://www.corporate.tvb.com

Television Broadcasts Limited, together with its subsidiaries, engages in terrestrial television broadcasting, program production, and other television-related activities. It operates through Hong Kong TV Broadcasting, myTV SUPER, Big Big Channel and E-Commerce Business, Programme Licensing and Distribution, Overseas pay TV and TVB Anywhere, and Other Activities segments. The Hong Kong TV Broadcasting segment is involved in the broadcasting of television programs and commercials on terrestrial TV platforms; production of programs; and co-production of dramas.

Television Broadcasts Fundamentals Summary

How do Television Broadcasts's earnings and revenue compare to its market cap?
511 fundamental statistics
Market CapHK$2.73b
Earnings (TTM)-HK$271.34m
Revenue (TTM)HK$2.75b

1.0x

P/S Ratio

-10.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
511 income statement (TTM)
RevenueHK$2.75b
Cost of RevenueHK$1.85b
Gross ProfitHK$898.95m
ExpensesHK$1.17b
Earnings-HK$271.34m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.62
Gross Margin32.74%
Net Profit Margin-9.88%
Debt/Equity Ratio74.8%

How did 511 perform over the long term?

See historical performance and comparison

Valuation

Is Television Broadcasts undervalued compared to its fair value and its price relative to the market?

0.56x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 511's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 511's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 511 is unprofitable, so we can't compare its PE Ratio to the Hong Kong Media industry average.

PE vs Market: 511 is unprofitable, so we can't compare its PE Ratio to the Hong Kong market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 511's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 511 is good value based on its PB Ratio (0.6x) compared to the HK Media industry average (1x).


Future Growth

How is Television Broadcasts forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

39.0%

Forecasted Media industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Television Broadcasts has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Television Broadcasts performed over the past 5 years?

-65.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 511 is currently unprofitable.

Growing Profit Margin: 511 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 511 is unprofitable, and losses have increased over the past 5 years at a rate of 65.6% per year.

Accelerating Growth: Unable to compare 511's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 511 is unprofitable, making it difficult to compare its past year earnings growth to the Media industry (35.4%).


Return on Equity

High ROE: 511 has a negative Return on Equity (-4.89%), as it is currently unprofitable.


Financial Health

How is Television Broadcasts's financial position?


Financial Position Analysis

Short Term Liabilities: 511's short term assets (HK$6.0B) exceed its short term liabilities (HK$2.4B).

Long Term Liabilities: 511's short term assets (HK$6.0B) exceed its long term liabilities (HK$2.0B).


Debt to Equity History and Analysis

Debt Level: 511's debt to equity ratio (74.8%) is considered high.

Reducing Debt: 511's debt to equity ratio has increased from 0.6% to 74.8% over the past 5 years.

Debt Coverage: 511's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if 511's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Television Broadcasts's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 511's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 511'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 511's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 511's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 511 is not paying a notable dividend for the Hong Kong market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 511's dividend in 3 years as they are not forecast to pay a notable one for the Hong Kong market.


Next Steps

Management

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

7.4yrs

Average management tenure


CEO

Television Broadcasts has no CEO, or we have no data on them.


Leadership Team

Experienced Management: 511's management team is seasoned and experienced (7.4 years average tenure).


Board Members

Experienced Board: 511's board of directors are considered experienced (3.4 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

Television Broadcasts Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Television Broadcasts Limited
  • Ticker: 511
  • Exchange: SEHK
  • Founded: 1967
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: HK$2.729b
  • Shares outstanding: 438.00m
  • Website: https://www.corporate.tvb.com

Number of Employees


Location

  • Television Broadcasts Limited
  • TVB City
  • 77 Chun Choi Street
  • Kowloon
  • Kowloon
  • Hong Kong

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/15 15:36
End of Day Share Price2021/10/15 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.