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TV18 Broadcast

NSEI:TV18BRDCST
Snowflake Description

Reasonable growth potential with acceptable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TV18BRDCST
NSEI
₹37B
Market Cap
  1. Home
  2. IN
  3. Media
Company description

TV18 Broadcast Limited, together with its subsidiaries, operates a television broadcasting network in India. The last earnings update was 4 days ago. More info.


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  • TV18 Broadcast has significant price volatility in the past 3 months.
TV18BRDCST Share Price and Events
7 Day Returns
-5.8%
NSEI:TV18BRDCST
-2.5%
IN Media
-1.1%
IN Market
1 Year Returns
-51.4%
NSEI:TV18BRDCST
-34.5%
IN Media
-3.3%
IN Market
TV18BRDCST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TV18 Broadcast (TV18BRDCST) -5.8% -12.8% -36.8% -51.4% -44.9% -27%
IN Media -2.5% -2.7% -16.8% -34.5% -33.9% -19.1%
IN Market -1.1% -2.1% -5.3% -3.3% 20.4% 32.5%
1 Year Return vs Industry and Market
  • TV18BRDCST underperformed the Media industry which returned -34.5% over the past year.
  • TV18BRDCST underperformed the Market in India which returned -3.3% over the past year.
Price Volatility
TV18BRDCST
Industry
5yr Volatility vs Market

Value

 Is TV18 Broadcast undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TV18 Broadcast to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TV18 Broadcast.

NSEI:TV18BRDCST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 1 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 16%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:TV18BRDCST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.76
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.763 (1 + (1- 35%) (42.34%))
0.982
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.98
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.982 * 8.6%)
15.99%

Discounted Cash Flow Calculation for NSEI:TV18BRDCST using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TV18 Broadcast is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:TV18BRDCST DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.99%)
2020 2,681.00 Analyst x1 2,311.33
2021 3,549.00 Analyst x1 2,637.76
2022 3,503.56 Est @ -1.28% 2,244.94
2023 3,551.51 Est @ 1.37% 1,961.88
2024 3,665.98 Est @ 3.22% 1,745.88
2025 3,831.73 Est @ 4.52% 1,573.20
2026 4,039.79 Est @ 5.43% 1,429.92
2027 4,284.84 Est @ 6.07% 1,307.54
2028 4,563.83 Est @ 6.51% 1,200.64
2029 4,875.21 Est @ 6.82% 1,105.71
Present value of next 10 years cash flows ₹17,518.81
NSEI:TV18BRDCST DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹4,875.21 × (1 + 7.55%) ÷ (15.99% – 7.55%)
₹62,095.62
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹62,095.62 ÷ (1 + 15.99%)10
₹14,083.48
NSEI:TV18BRDCST Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹17,518.81 + ₹14,083.48
₹31,602.29
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹31,602.29 / 1,714.36
₹18.43
NSEI:TV18BRDCST Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:TV18BRDCST represents 0.96036x of BSE:532800
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.96036x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 18.43 x 0.96036
₹17.70
Value per share (INR) From above. ₹17.70
Current discount Discount to share price of ₹21.80
= -1 x (₹21.80 - ₹17.70) / ₹17.70
-23.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TV18 Broadcast is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TV18 Broadcast's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TV18 Broadcast's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:TV18BRDCST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in INR ₹1.17
BSE:532800 Share Price ** BSE (2019-07-19) in INR ₹22.7
India Media Industry PE Ratio Median Figure of 28 Publicly-Listed Media Companies 14.51x
India Market PE Ratio Median Figure of 2,833 Publicly-Listed Companies 14.5x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TV18 Broadcast.

NSEI:TV18BRDCST PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532800 Share Price ÷ EPS (both in INR)

= 22.7 ÷ 1.17

19.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TV18 Broadcast is overvalued based on earnings compared to the IN Media industry average.
  • TV18 Broadcast is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does TV18 Broadcast's expected growth come at a high price?
Raw Data
NSEI:TV18BRDCST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 19.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
21.5%per year
India Media Industry PEG Ratio Median Figure of 11 Publicly-Listed Media Companies 0.91x
India Market PEG Ratio Median Figure of 536 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

NSEI:TV18BRDCST PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 19.47x ÷ 21.5%

0.9x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TV18 Broadcast is good value based on expected growth next year.
Price based on value of assets
What value do investors place on TV18 Broadcast's assets?
Raw Data
NSEI:TV18BRDCST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in INR ₹19.88
BSE:532800 Share Price * BSE (2019-07-19) in INR ₹22.7
India Media Industry PB Ratio Median Figure of 43 Publicly-Listed Media Companies 1.14x
India Market PB Ratio Median Figure of 3,669 Publicly-Listed Companies 0.93x
NSEI:TV18BRDCST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532800 Share Price ÷ Book Value per Share (both in INR)

= 22.7 ÷ 19.88

1.14x

* Primary Listing of TV18 Broadcast.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TV18 Broadcast is good value based on assets compared to the IN Media industry average.
X
Value checks
We assess TV18 Broadcast's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. TV18 Broadcast has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is TV18 Broadcast expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
21.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TV18 Broadcast expected to grow at an attractive rate?
  • TV18 Broadcast's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • TV18 Broadcast's earnings growth is expected to exceed the India market average.
  • TV18 Broadcast's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:TV18BRDCST Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:TV18BRDCST Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 21.5%
NSEI:TV18BRDCST Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 14.5%
India Media Industry Earnings Growth Rate Market Cap Weighted Average 28.6%
India Media Industry Revenue Growth Rate Market Cap Weighted Average 9.5%
India Market Earnings Growth Rate Market Cap Weighted Average 17%
India Market Revenue Growth Rate Market Cap Weighted Average 9.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:TV18BRDCST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:TV18BRDCST Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-03-31 65,143 1,246 2,707 1
2020-03-31 57,112 1,423 1,604 1
NSEI:TV18BRDCST Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-06-30 50,520 1,980
2019-03-31 49,427 1,669
2018-12-31 45,190 1,404
2018-09-30 33,154 173
2018-06-30 23,443 81
2018-03-31 14,752 2,131 86
2017-12-31 9,963 200
2017-09-30 9,752 236
2017-06-30 9,878 199
2017-03-31 9,794 630 191
2016-12-31 25,210 805
2016-09-30 25,188 1,457

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TV18 Broadcast's earnings are expected to grow significantly at over 20% yearly.
  • TV18 Broadcast's revenue is expected to grow by 14.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:TV18BRDCST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 weeks ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from TV18 Broadcast Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TV18BRDCST Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-03-31 1.58 1.58 1.58 1.00
2020-03-31 0.94 0.94 0.94 1.00
NSEI:TV18BRDCST Past Financials Data
Date (Data in INR Millions) EPS *
2019-06-30 1.17
2019-03-31 0.97
2018-12-31 0.83
2018-09-30 0.09
2018-06-30 0.05
2018-03-31 0.05
2017-12-31 0.12
2017-09-30 0.15
2017-06-30 0.11
2017-03-31 0.11
2016-12-31 0.45
2016-09-30 0.84

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TV18 Broadcast will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TV18 Broadcast's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TV18 Broadcast has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has TV18 Broadcast performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TV18 Broadcast's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TV18 Broadcast's year on year earnings growth rate has been positive over the past 5 years.
  • TV18 Broadcast's 1-year earnings growth exceeds its 5-year average (2335.7% vs 9.8%)
  • TV18 Broadcast's earnings growth has exceeded the IN Media industry average in the past year (2335.7% vs 10.5%).
Earnings and Revenue History
TV18 Broadcast's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TV18 Broadcast Company Filings, last reported 2 weeks ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:TV18BRDCST Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 50,520.20 1,980.20 8,837.10
2019-03-31 49,427.00 1,669.00 8,265.50
2018-12-31 45,189.90 1,404.20 7,963.70
2018-09-30 33,154.20 172.90 6,068.40
2018-06-30 23,443.20 81.30 4,596.00
2018-03-31 14,751.90 86.20 3,270.20
2017-12-31 9,963.33 199.94 2,515.63
2017-09-30 9,751.83 235.74 2,459.83
2017-06-30 9,877.83 199.44 2,596.63
2017-03-31 9,794.10 190.70 2,450.10
2016-12-31 25,210.42 804.76 5,657.68
2016-09-30 25,187.51 1,456.57 5,688.74
2016-06-30 25,066.08 1,582.82 5,571.95
2016-03-31 9,249.15 1,943.85 2,024.73
2015-12-31 25,273.76 1,939.83 7,171.75
2015-09-30 24,421.86 1,760.77 7,210.30
2015-06-30 23,873.30 1,990.37 4,834.72
2015-03-31 23,183.92 445.38 5,040.65
2014-12-31 22,519.40 -150.29 6,825.88
2014-09-30 21,701.81 -237.33 7,066.27
2014-06-30 21,019.25 -568.43 7,553.16
2014-03-31 19,681.25 1,036.32 7,933.06
2013-12-31 18,857.15 850.28 7,894.87
2013-09-30 18,726.79 546.26 8,232.87
2013-06-30 17,532.76 39.43 7,810.95
2013-03-31 16,991.32 -254.49 7,250.62
2012-12-31 17,361.71 -761.59 7,219.34
2012-09-30 15,586.56 -1,509.08 6,661.15

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TV18 Broadcast has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TV18 Broadcast used its assets less efficiently than the IN Media industry average last year based on Return on Assets.
  • TV18 Broadcast's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TV18 Broadcast's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TV18 Broadcast has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is TV18 Broadcast's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TV18 Broadcast's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TV18 Broadcast is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • TV18 Broadcast's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TV18 Broadcast's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 2.8x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TV18 Broadcast Company Filings, last reported 2 weeks ago.

NSEI:TV18BRDCST Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 41,950.50 15,859.90 3,367.10
2019-03-31 41,950.50 15,859.90 3,367.10
2018-12-31 40,658.80 14,164.10 2,126.70
2018-09-30 40,658.80 14,164.10 2,126.70
2018-06-30 39,937.60 10,137.40 1,985.10
2018-03-31 39,937.60 10,137.40 1,985.10
2017-12-31 33,615.00 3,636.40 535.30
2017-09-30 33,615.00 3,636.40 535.30
2017-06-30 33,438.77 2,728.62 170.04
2017-03-31 33,438.70 2,728.60 170.00
2016-12-31 34,054.59 3,051.33 426.46
2016-09-30 34,054.59 3,051.33 426.46
2016-06-30 36,633.89 5,562.53 1,507.15
2016-03-31 40,685.67 2,304.61 253.20
2015-12-31 34,990.48 4,546.74 1,085.06
2015-09-30 34,990.48 4,546.74 1,085.06
2015-06-30 34,705.76 4,734.49 1,676.81
2015-03-31 34,705.76 5,285.50 1,676.81
2014-12-31 33,329.97 3,164.08 1,846.09
2014-09-30 33,329.97 3,164.08 1,846.09
2014-06-30 35,007.26 5,323.30 2,883.75
2014-03-31 35,007.26 5,317.42 2,883.75
2013-12-31 33,443.50 3,433.22 1,723.38
2013-09-30 33,443.50 3,433.22 1,723.38
2013-06-30 32,838.26 5,512.80 3,483.85
2013-03-31 32,838.26 5,504.34 3,483.85
2012-12-31 6,391.02 12,032.09 1,736.18
2012-09-30 6,391.02 12,032.09 1,736.18
  • TV18 Broadcast's level of debt (37.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (15.1% vs 37.8% today).
  • Debt is not well covered by operating cash flow (13.4%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess TV18 Broadcast's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TV18 Broadcast has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is TV18 Broadcast's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TV18 Broadcast dividends.
If you bought ₹2,000 of TV18 Broadcast shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TV18 Broadcast's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TV18 Broadcast's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:TV18BRDCST Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
India Media Industry Average Dividend Yield Market Cap Weighted Average of 22 Stocks 2%
India Market Average Dividend Yield Market Cap Weighted Average of 1447 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:TV18BRDCST Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-03-31
2020-03-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TV18 Broadcast has not reported any payouts.
  • Unable to verify if TV18 Broadcast's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TV18 Broadcast's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TV18 Broadcast has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TV18 Broadcast's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TV18 Broadcast afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TV18 Broadcast has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of TV18 Broadcast's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Amba Parigi
AGE 70
CEO Bio

Mr. Amba Preetham Parigi has been Advisor to Chairman for Network18 Media & Investments Limited since October 1, 2015 and served as its Group Chief Executive Officer from January 29, 2015 to September 30, 2015. Mr. Parigi serves as Group Chief Executive officer at TV18 Broadcast Limited. He has been Chief Executive Officer of Television Eighteen India Ltd. since January 2015. He serves as an Advisor of New Enterprise Associates (India) Pvt. Ltd. for its Indian Operations. He serves as the Chief Executive Officer of TIML Golden Square Ltd. Mr. Parigi is a Co-Founder of COAI. He serves as the Chief Executive Officer of Times Infotainment Media Ltd., which is also a subsidiary of BCCL and one of Entertainment Network Promoters. Mr. Parigi served as the Group Chief Executive Officer of India operations at Eros International Plc since August 13, 2009. Mr. Parigi served as the Managing Director of Entertainment Network (India) Ltd until September 30, 2009 and its Chief Executive Officer until August 2, 2007. He served as Senior Advisor and Consultant of Accel Transmatic Ltd. since November 10, 2010. He served as Managing Director and Chief Executive Officer at ENIL/Radio Mirchi.He led and managed the businesses and brands like 360 Degrees and Times OOH Media. He served senior positions in various industries, including telecom. Mr. Parigi joined the Times of India Group in 2000 and lead managed their foray into Radio, OOH (Out Of Home) media and event management. Mr. Parigi served as the Chief Executive Officer and Managing Director of Entertainment Network (India) Ltd. until August 2, 2007 and September 30, 2009 respectively. He served as the Chief Executive Officer of BPL Mobile Communications, Mumbai. Mr. Parigi served as Vice Chairman of Entertainment Network (India) Ltd. He serves as Director of Times Innovative Media Private Limited and Alternate Brand Solutions (India) Limited. He serves as a Director of Bennett Coleman & Co. Limited and The Times of India. Mr. Parigi served as a Non-Executive Director of Accel Transmatic Ltd. from September 27, 2011 to December 2011. He served as Non-Executive Non Independent Director at Accel Frontline Limited from September 2011 to May 2014. He served as a Director of Eros International Media Limited from October 1, 2009 to February 10, 2010. Mr. Parigi served as a Non-Executive Independent Director of Entertainment Network (India) Ltd. from October 1, 2009 to January 15, 2015. He served as a Chairperson at the World GSM Congress 2000, Cannes, France. He serves as an Active Member of the Confederation of Indian Industry (“CII“) and Federation of Indian Chambers and Commerce Industry. He serves as a Member of the Executive Council of Cellular Operators Association of India (COAI). He was awarded the 2007 IMM (Institute of Marketing & Management) Award for Excellence as Top CEO-2007 at the 34th World Marketing Congress. He was awarded the 2009 Rensselaer Entrepreneur of the Year Award by the Severino Centre of the Lally School of Management, New York. Mr. Parigi holds a Masters degree in Business Administration from the Faculty of Management Studies, University of Delhi and he also holds a Bachelors degree in Economics and a Masters degree in Sociology from the Delhi School of Economics.

CEO Compensation
  • Insufficient data for Amba to compare compensation growth.
  • Insufficient data for Amba to establish whether their remuneration is reasonable compared to companies of similar size in India.
Management Team Tenure

Average tenure and age of the TV18 Broadcast management team in years:

4.3
Average Tenure
47
Average Age
  • The tenure for the TV18 Broadcast management team is about average.
Management Team

Deepak Gupta

TITLE
Compliance Officer
COMPENSATION
₹5M
TENURE
4 yrs

Amba Parigi

TITLE
Group Chief Executive officer
AGE
70

Rahul Joshi

TITLE
MD & Director
AGE
48
TENURE
0.8 yrs

Ramesh Damani

TITLE
Chief Financial Officer
TENURE
3.8 yrs

Piyush Jain

TITLE
Chief Operating Officer
AGE
47
TENURE
22.1 yrs

Saurabh Awasthi

TITLE
Senior Vice President of Legal
AGE
43
TENURE
5.2 yrs

Sanjeev Singh

TITLE
Executive Vice President of Human Resource
AGE
47
TENURE
11.2 yrs

Anuradha Agrawal

TITLE
National Revenue Head for CNN-IBN
TENURE
4.3 yrs

Vishal Srivastava

TITLE
Revenue Head of Government/International & Specialprojects
AGE
42

Mukul Gupta

TITLE
National Head of Sales - News18 Regional
Board of Directors Tenure

Average tenure and age of the TV18 Broadcast board of directors in years:

2.9
Average Tenure
62
Average Age
  • The average tenure for the TV18 Broadcast board of directors is less than 3 years, this suggests a new board.
Board of Directors

Adil Zainulbhai

TITLE
Chairman
COMPENSATION
₹2M
AGE
66
TENURE
4 yrs

Rahul Joshi

TITLE
MD & Director
AGE
48
TENURE
0.8 yrs

Dhruv Kaji

TITLE
Independent Director
COMPENSATION
₹2M
AGE
68
TENURE
3.8 yrs

Rajiv Luthra

TITLE
Independent Director
COMPENSATION
₹1M
AGE
62
TENURE
3.8 yrs

Panda Madhu Sudana Prasad

TITLE
Non-Executive Director
COMPENSATION
₹600K
AGE
67
TENURE
2.1 yrs

Jyoti Deshpande

TITLE
Non Executive Director
AGE
49
TENURE
1.5 yrs

Renuka Ramnath

TITLE
Additional Independent Director
AGE
58
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess TV18 Broadcast's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TV18 Broadcast has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

If You Had Bought TV18 Broadcast (NSE:TV18BRDCST) Stock A Year Ago, You'd Be Sitting On A 50% Loss, Today

That downside risk was realized by TV18 Broadcast Limited (NSE:TV18BRDCST) shareholders over the last year, as the share price declined 50%. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … This free report showing analyst forecasts should help you form a view on TV18 Broadcast A Different Perspective Investors in TV18 Broadcast had a tough year, with a total loss of 50%, against a market gain of about 1.4%.

Simply Wall St -

How Much Of TV18 Broadcast Limited (NSE:TV18BRDCST) Do Institutions Own?

Insider Ownership Of TV18 Broadcast The definition of company insiders can be subjective, and does vary between jurisdictions. … Private Company Ownership Our data indicates that Private Companies hold 8.8%, of the company's shares. … Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company.

Simply Wall St -

Should We Be Cautious About TV18 Broadcast Limited's (NSE:TV18BRDCST) ROE Of 4.5%?

We'll use ROE to examine TV18 Broadcast Limited (NSE:TV18BRDCST), by way of a worked example. … That means that for every ₹1 worth of shareholders' equity, it generated ₹0.045 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Should You Worry About TV18 Broadcast Limited’s (NSE:TV18BRDCST) ROCE?

Specifically, we'll consider its Return On Capital Employed (ROCE), since that will give us an insight into how efficiently the business can generate profits from the capital it requires. … What is Return On Capital Employed (ROCE)? … ROCE measures the amount of pre-tax profits a company can generate from the capital employed in its business.

Simply Wall St -

Could The TV18 Broadcast Limited (NSE:TV18BRDCST) Ownership Structure Tell Us Something Useful?

The big shareholder groups in TV18 Broadcast Limited (NSE:TV18BRDCST) have power over the company. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of ₹55b, TV18 Broadcast is a small cap stock, so it might not be well known by many institutional investors.

Simply Wall St -

Is TV18 Broadcast Limited's (NSE:TV18BRDCST) ROE Of 1.2% Concerning?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … Our data shows TV18 Broadcast has a return on equity of 1.2% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

How Many TV18 Broadcast Limited (NSE:TV18BRDCST) Shares Do Institutions Own?

Every investor in TV18 Broadcast Limited (NSE:TV18BRDCST) should be aware of the most powerful shareholder groups. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … TV18 Broadcast isn't enormous, but it's not particularly small either.

Simply Wall St -

TV18 Broadcast Limited (NSE:TV18BRDCST): The Return Story

and looking to gauge the potential return on investment in TV18 Broadcast Limited (NSE:TV18BRDCST). … To understand TV18 Broadcast’s capital returns we will look at a useful metric called return on capital employed. … TV18 Broadcast's Return On Capital Employed

Simply Wall St -

How TV18 Broadcast Limited's (NSE:TV18BRDCST) Earnings Growth Stacks Up Against The Industry

After looking at TV18 Broadcast Limited's (NSE:TV18BRDCST) latest earnings announcement (30 June 2018), I found it useful to revisit the company's performance in the past couple of years and assess this against the most recent figures. … Check out our latest analysis for TV18 Broadcast? … Was TV18BRDCST's recent earnings decline worse than the long-term trend and the industry.

Simply Wall St -

Who Are The Largest Shareholders In TV18 Broadcast Limited (NSE:TV18BRDCST)?

In this article, I'm going to take a look at TV18 Broadcast Limited’s (NSE:TV18BRDCST) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … While this may be more interesting for long-term investors, short-term investors can also benefit by paying attention to when these institutions trade in order to take advantage of the heightened volatility. … View out our latest analysis for TV18 Broadcast

Simply Wall St -

Company Info

Description

TV18 Broadcast Limited, together with its subsidiaries, operates a television broadcasting network in India. It operates business news channels, such as CNBC-TV18, CNBC-TV18 Prime HD, CNBC Awaaz, and CNBC Bajar; general news channels, including CNN News18, IBN7, News18 India, and News18; and regional news channels comprising News18 Urdu, News18 Rajasthan, News18 Bihar/Jharkhand, News18 Madhya Pradesh /Chhattisgarh, News18 UP/Uttarakhand, News18 Bangla, News18 Assam, News18 Kannada, News18 Gujarati, News18 Punjab / Haryana / Himachal, News18 Tamil Nadu, News18 Kerala, and News18 Odia, as well as News18 Lokmat. The company also operates HistoryTV18, a factual entertainment channel; FYI TV18, a factual entertainment channel; Hindi general entertainment television channels consisting of Colors, Rishtey, Rishtey Cineplex, MTV India, and MTV Beats; English entertainment channels, such as VH1 and Comedy Central; and kids entertainment channels comprising Nickelodeon, Sonic, Nick Jr., and Nick HD+. In addition, it operates regional entertainment channels consisting of Colors Kannada, Colors Super, Colors Infinity, Colors Bangla, Colors Marathi, Colors Gujarati, Colors Tamil, and Colors Oriya; filmed entertainment channels, such as Viacom18 Motion Pictures; and VOOT, a digital platform that offers video on demand content, as well as IndiaCast, a multiplatform content asset monetization entity. The company was formerly known as ibn18 Broadcast Limited and changed its name to TV18 Broadcast Limited in June 2011. TV18 Broadcast Limited was incorporated in 2005 and is based in Noida, India. TV18 Broadcast Limited is a subsidiary of Network18 Media & Investments Limited.

Details
Name: TV18 Broadcast Limited
TV18BRDCST
Exchange: NSEI
Founded: 2005
₹37,458,769,496
1,714,360,160
Website: http://www.network18online.com/About-Group-tv18.html
Address: TV18 Broadcast Limited
Express Trade Tower,
Plot No. 15-16,
Noida,
Uttar Pradesh, 201301,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532800 Equity Shares Mumbai Stock Exchange IN INR 08. Feb 2007
NSEI TV18BRDCST Equity Shares National Stock Exchange of India IN INR 08. Feb 2007
Number of employees
Current staff
Staff numbers
0
TV18 Broadcast employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/20 12:54
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/05/08
Last earnings filing: 2019/07/16
Last earnings reported: 2019/06/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.