NSEI:TV18BRDCST

Stock Analysis Report

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Executive Summary

TV18 Broadcast Limited, together with its subsidiaries, operates a television broadcasting network in India. More Details

Rewards

Trading at 90% below our estimate of its fair value

Earnings are forecast to grow 10.88% per year

Earnings grew by 34.8% over the past year

Risk Analysis

No risks detected for TV18BRDCST from our risk checks.


Snowflake Analysis

Solid track record with excellent balance sheet.

Share Price & News

How has TV18 Broadcast's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TV18BRDCST is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: TV18BRDCST's weekly volatility (6%) has been stable over the past year.


Market Performance


7 Day Return

-1.2%

TV18BRDCST

2.0%

IN Media

1.8%

IN Market


1 Year Return

21.7%

TV18BRDCST

-8.4%

IN Media

7.9%

IN Market

Return vs Industry: TV18BRDCST exceeded the Indian Media industry which returned -8.4% over the past year.

Return vs Market: TV18BRDCST exceeded the Indian Market which returned 7.9% over the past year.


Shareholder returns

TV18BRDCSTIndustryMarket
7 Day-1.2%2.0%1.8%
30 Day3.3%6.4%10.9%
90 Day-6.5%-6.4%9.8%
1 Year21.7%21.7%-7.0%-8.4%10.0%7.9%
3 Year-45.6%-45.6%-58.6%-60.2%8.1%2.8%
5 Year-20.7%-20.7%-45.6%-48.2%55.3%43.6%

Long-Term Price Volatility Vs. Market

How volatile is TV18 Broadcast's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is TV18 Broadcast undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TV18BRDCST (₹29.7) is trading below our estimate of fair value (₹296.44)

Significantly Below Fair Value: TV18BRDCST is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: TV18BRDCST is poor value based on its PE Ratio (18.6x) compared to the IN Media industry average (13.9x).

PE vs Market: TV18BRDCST is poor value based on its PE Ratio (18.6x) compared to the Indian market (17.3x).


Price to Earnings Growth Ratio

PEG Ratio: TV18BRDCST is poor value based on its PEG Ratio (1.7x)


Price to Book Ratio

PB vs Industry: TV18BRDCST's PB Ratio (1.3x) is in line with the IN Media industry average.


Next Steps

Future Growth

How is TV18 Broadcast forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

10.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TV18BRDCST's forecast earnings growth (10.9% per year) is above the savings rate (7.2%).

Earnings vs Market: TV18BRDCST's earnings (10.9% per year) are forecast to grow slower than the Indian market (24.5% per year).

High Growth Earnings: TV18BRDCST's earnings are forecast to grow, but not significantly.

Revenue vs Market: TV18BRDCST's revenue (14.5% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: TV18BRDCST'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: Insufficient data to determine if TV18BRDCST's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has TV18 Broadcast performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TV18BRDCST has high quality earnings.

Growing Profit Margin: TV18BRDCST's current net profit margins (6%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: TV18BRDCST's earnings have grown by 15.2% per year over the past 5 years.

Accelerating Growth: TV18BRDCST's earnings growth over the past year (34.8%) exceeds its 5-year average (15.2% per year).

Earnings vs Industry: TV18BRDCST earnings growth over the past year (34.8%) exceeded the Media industry -19%.


Return on Equity

High ROE: TV18BRDCST's Return on Equity (9.8%) is considered low.


Next Steps

Financial Health

How is TV18 Broadcast's financial position?


Financial Position Analysis

Short Term Liabilities: TV18BRDCST's short term assets (₹46.3B) exceed its short term liabilities (₹32.3B).

Long Term Liabilities: TV18BRDCST's short term assets (₹46.3B) exceed its long term liabilities (₹2.0B).


Debt to Equity History and Analysis

Debt Level: TV18BRDCST's debt to equity ratio (31.4%) is considered satisfactory.

Reducing Debt: TV18BRDCST's debt to equity ratio has increased from 12.8% to 31.4% over the past 5 years.

Debt Coverage: TV18BRDCST's debt is well covered by operating cash flow (51%).

Interest Coverage: TV18BRDCST's interest payments on its debt are well covered by EBIT (8.3x coverage).


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TV18BRDCST's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TV18BRDCST'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 TV18BRDCST's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TV18BRDCST's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TV18BRDCST's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

6.5yrs

Average management tenure


CEO

Amba Parigi (71 yo)

no data

Tenure

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, ...


Leadership Team

NamePositionTenureCompensationOwnership
Rahul Joshi
MD & Director2.08yrs₹68.80mno data
Amba Parigi
Group Chief Executive officerno datano datano data
Ramesh Damani
Chief Financial Officer5.08yrsno datano data
Piyush Jain
Chief Operating Officer23.42yrsno datano data
Saurabh Awasthi
Senior Vice President of Legal6.5yrsno datano data
Ratnesh Rukhariyar
Company Secretary & Compliance Officer0.75yrno datano data
Sanjeev Singh
Executive Vice President of Human Resource12.5yrsno datano data
Avinash Kaul
MD of A+E Networks | TV18 and CEO of Broadcast for Network186.5yrsno datano data
Anuradha Agrawal
National Revenue Head for CNN-IBN5.58yrsno datano data
Vishal Srivastava
Revenue Head of Government/International & Specialprojectsno datano datano data
Mukul Gupta
National Head of Sales - News18 Regionalno datano datano data
Senthil Chengalvarayan
President of TV18 Business Media and Editorial Director of TV18 Business Media26.83yrsno datano data

6.5yrs

Average Tenure

48yo

Average Age

Experienced Management: TV18BRDCST's management team is seasoned and experienced (6.5 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rahul Joshi
MD & Director2.08yrs₹68.80mno data
Renuka Ramnath
Additional Independent Director1.33yrs₹400.00kno data
Panda Madhu Sudana Prasad
Non-Executive Director3.42yrs₹1.70mno data
Dhruv Kaji
Independent Director5.08yrs₹1.70mno data
Rajiv Luthra
Independent Director5.08yrs₹1.10mno data
Adil Zainulbhai
Independent Chairman of the Board5.33yrs₹1.70mno data
Jyoti Deshpande
Non-Executive Director2.33yrs₹500.00kno data

3.4yrs

Average Tenure

63yo

Average Age

Experienced Board: TV18BRDCST'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

TV18 Broadcast Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: TV18 Broadcast Limited
  • Ticker: TV18BRDCST
  • Exchange: NSEI
  • Founded: 2005
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: ₹50.916b
  • Shares outstanding: 1.71b
  • Website: https://www.nw18.com

Number of Employees


Location

  • TV18 Broadcast Limited
  • Empire Complex
  • First Floor
  • Mumbai
  • Maharashtra
  • 400013
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532800BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2007
TV18BRDCSTNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2007

Biography

TV18 Broadcast Limited, together with its subsidiaries, operates a television broadcasting network in India. The company operates business news channels, such as CNBC-TV18, CNBC Awaaz, and CNBC Bajar; gene...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 12:19
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.