Television Broadcasts Limited, together with its subsidiaries, engages in terrestrial television broadcasting, program production, and other television-related activities.
Adequate balance sheet with reasonable growth potential.
Share Price & News
How has Television Broadcasts's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 511 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 511 underperformed the Hong Kong Media industry which returned 20% over the past year.
Return vs Market: 511 underperformed the Hong Kong Market which returned 0.6% over the past year.
Price Volatility Vs. Market
How volatile is Television Broadcasts's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StTelevision Broadcasts (HKG:511) Is Carrying A Fair Bit Of Debt
1 month ago | Simply Wall StWe Wouldn't Be Too Quick To Buy Television Broadcasts Limited (HKG:511) Before It Goes Ex-Dividend
1 month ago | Simply Wall StIntroducing Television Broadcasts (HKG:511), The Stock That Tanked 78%
Is Television Broadcasts undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 511 (HK$9.21) is trading below our estimate of fair value (HK$62.59)
Significantly Below Fair Value: 511 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 511 is unprofitable, so we can't compare its PE Ratio to the HK 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's PB Ratio (0.7x) is in line with the HK Media industry average.
How is Television Broadcasts forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 511 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.6%).
Earnings vs Market: 511 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 511's is expected to become profitable in the next 3 years.
Revenue vs Market: 511's revenue (14.5% per year) is forecast to grow faster than the Hong Kong market (10.8% per year).
High Growth Revenue: 511's revenue (14.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 511's Return on Equity is forecast to be low in 3 years time (8%).
How has Television Broadcasts performed over the past 5 years?
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 -54.4% 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 (-22.3%).
Return on Equity
High ROE: 511 has a negative Return on Equity (-4.99%), as it is currently unprofitable.
How is Television Broadcasts's financial position?
Financial Position Analysis
Short Term Liabilities: 511's short term assets (HK$4.3B) exceed its short term liabilities (HK$1.0B).
Long Term Liabilities: 511's short term assets (HK$4.3B) exceed its long term liabilities (HK$2.0B).
Debt to Equity History and Analysis
Debt Level: 511's debt to equity ratio (39.5%) is considered satisfactory.
Reducing Debt: 511's debt to equity ratio has increased from 4.5% to 39.5% over the past 5 years.
Debt Coverage: 511's debt is well covered by operating cash flow (31.9%).
Interest Coverage: Insufficient data to determine if 511's interest payments on its debt are well covered by EBIT.
What is Television Broadcasts's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 511's dividend (5.43%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.26%).
High Dividend: 511's dividend (5.43%) is low compared to the top 25% of dividend payers in the Hong Kong market (6.67%).
Stability and Growth of Payments
Stable Dividend: 511's dividend payments have been volatile in the past 10 years.
Growing Dividend: 511's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: 511 is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: 511's dividends in 3 years are forecast to be covered by earnings (86.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Lee (64yo)
Mr. Po On Lee, also known as Mark, serves as Vice Chairman of the Board at Television Broadcasts Limited since April 29, 2020. He has been Group Chief Executive Officer of Television Broadcasts Limited sin ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.44M) is above average for companies of similar size in the Hong Kong market ($USD304.70K).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|Executive Vice Chairman of the Board & Group CEO||10.83yrs||HK$11.15m||0.10% HK$4.1m|
|Strategic Consultant||24.67yrs||HK$6.74m||no data|
|CFO & Company Secretary||15.67yrs||no data||no data|
|Deputy General Manager of Legal & International Operations||4yrs||no data||no data|
|Chief Advisor||6.17yrs||HK$171.00k||no data|
|Chief Research Officer & Senior VP||6.08yrs||no data||no data|
Experienced Management: 511's management team is seasoned and experienced (8.5 years average tenure).
|Executive Vice Chairman of the Board & Group CEO||10.83yrs||HK$11.15m||0.10% HK$4.1m|
|Independent Non-Executive Director||5.25yrs||HK$315.00k||no data|
|Independent Non-Executive Director||5.42yrs||HK$630.00k||no data|
|Independent Non-executive Director||0.58yr||HK$21.00k||no data|
|Non-Executive Director||8.42yrs||HK$500.00k||no data|
|Non Executive Director||3.75yrs||HK$540.00k||no data|
|Chairman of the Board||0.25yr||HK$2.11m||no data|
|Non-Executive Director||8.42yrs||HK$410.00k||no data|
|Independent Non-Executive Director||5.25yrs||HK$445.00k||no data|
|Independent Non-Executive Director||0.58yr||HK$21.00k||no data|
Experienced Board: 511's board of directors are considered experienced (4.5 years average tenure).
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.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Television Broadcasts Limited's company bio, employee growth, exchange listings and data sources
- Name: Television Broadcasts Limited
- Ticker: 511
- Exchange: SEHK
- Founded: 1967
- Industry: Broadcasting
- Sector: Media
- Market Cap: HK$4.073b
- Shares outstanding: 438.00m
- Website: https://www.corporate.tvb.com
Number of Employees
- Television Broadcasts Limited
- TVB City
- 77 Chun Choi Street
- Hong Kong
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|TVBC.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Jan 1992|
|511||SEHK (The Stock Exchange of Hong Kong Ltd.)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|TBCN||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jan 1992|
|511||SHSC (Stock Exchange of Hong Kong Limited - Shanghai - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|511||SZSC (The Stock Exchange of Hong Kong - Shenzhen - Hong Kong Stock Connect)||Yes||Ordinary Shares||HK||HKD||Jan 1992|
|TVBC.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||Mar 1992|
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 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. The myTV SUPER segment provides over-the-top services; and operates website portals. The Big Big Channel Business segment operates an online social media and e-commerce platform; and provides music entertainment, event, and marketing services. The Programme Licensing and Distribution segment distributes television programs and channels to telecast, video, and media operators. The Overseas pay TV and TVB Anywhere segment offers pay television and OTT services to subscribers. The Other Activities segment engages in property investment and other activities. The company also offers agency services on design, production, and exhibition of advertisements; film rights and program licensing; provides consultancy, management, and agency services to artistes; and produces, publishes, and licenses musical works and sells sound recordings, as well as offers corporate finance services. In addition, it produces motion pictures for theatrical release and distribution; provides satellite and subscription television programs; and licenses and distributes films. Further, the company engages in production of programs and provision of marketing materials; and provision of programming and channel services. It operates in Hong Kong, Mainland China, Malaysia, Singapore, the United States, Canada, Vietnam, Australia, Europe, and internationally. The company was founded in 1967 and is headquartered in Kowloon, Hong Kong.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/10 12:40|
|End of Day Share Price||2020/07/10 00:00|
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.