Grupo Televisa, S.A.B.

NYSE:TV Aktierapport

Börsvärde: US$1.5b

Grupo Televisa Förvaltning

Förvaltning kriterier kontrolleras 2/4

Grupo Televisa VD är Alfonso de Angoitia Noriega, utsedd i Jan 2018, har en anställningstid på 8.58 år. äger direkt 1.7% av företagets aktier, värda $ 24.83M. Den genomsnittliga mandatperioden för ledningsgruppen och styrelsen är 5.4 år respektive 25.3 år.

Viktig information

Alfonso de Angoitia Noriega

Verkställande direktör

n/a

Total ersättning

VD-lön i procentn/a
Anställning som VD8.6yrs
Ägande av VD1.7%
Ledningens genomsnittliga anställningstid5.4yrs
Styrelsens genomsnittliga mandatperiod25.3yrs

Senaste uppdateringar av ledningen

Recent updates

Seeking Alpha • Aug 07

Grupo Televisa's Q2 Earnings: What May Matter Most Is Not In The Report

Summary Grupo Televisa remains a compelling buy, supported by improving telecoms, valuable media assets, and acquisition potential. TV's telecoms segment shows margin improvement and fiber investment, while satellite declines continue to weigh on top-line growth. Owning ~45% of TelevisaUnivision, TV benefits from ViX's rapid growth, with its value potentially exceeding TV's market cap. Anticipated AT&T Mexico acquisition could transform TV's market position, yet risks around deal execution and competition persist. Read the full article on Seeking Alpha
Seeking Alpha • Mar 21

Grupo Televisa: A Great Test Of Patience

Summary Grupo Televisa remains undervalued as management optimizes for maximum cash flow to pay down debt. ViX streaming service has turned profitable quickly, showing substantial traction with 20% growth in MAUs and ARPUs. Despite cord-cutting trends, Sky and Cable business shows resilience, with management focusing on value customers and reducing churn to stabilize the subscriber base. TV shares are still a buy with a price target of $4. Read the full article on Seeking Alpha
Seeking Alpha • Dec 19

Grupo Televisa: Excellent Efficiency Improvements Improve Cash Flow

Summary Grupo Televisa remains a strong buy due to significant undervaluation and impressive cash flow growth, despite market ignorance and top-line revenue declines. Efficiency gains have led to a 27% increase in operating cash flow and a 30% free cash flow yield at current market prices. The 45% stake in TelevisaUnivision alone is worth $3-4 per share, making the current stock price of $1.90 highly undervalued. While high leverage and declining business are concerns, the focus on cash flow and recent efficiency gains are bullish signals for investors. Read the full article on Seeking Alpha
Seeking Alpha • Mar 27

All Eyes On Undervalued Media Company Grupo Televisa

Summary Grupo Televisa is an undervalued media company with a diverse business model and high barriers to entry. The company focuses on producing Spanish-speaking content and has a large global audience and reach. The cable and Sky segments make up a significant portion of Grupo Televisa's revenue, while other businesses have been spun off into Ollamani. Shares are a buy with a price target of $8. Read the full article on Seeking Alpha
Seeking Alpha • Dec 01

Grupo Televisa: Wait For A Catalyst Before Buying

Summary Grupo Televisa has not been a very good investment over the past few years. The company is a fairly complex entity, including a core cable business, a majority ownership stake in Sky Mexico, and a large minority interest in TelevisaUnivision. TV has recently experienced weakness in its core businesses due to a secular shift away from paid television. TV is trading at a fairly attractive valuation, but currently lacks an upside catalyst. I am initiating TV with a hold rating and would consider upgrading the stock if an upside catalyst emerges. Read the full article on Seeking Alpha
Seeking Alpha • Feb 06

Grupo Televisa: 2023 Rally Could Indeed Continue For Some Time To Come

Summary Grupo Televisa, S.A.B. shares are already up almost 40% since the turn of the year. Valuation remains depressed, especially on the assets side. Growing margins and improving balance sheet bodes well for more share-price appreciation. Intro If we pull up a Grupo Televisa, S.A.B. (TV) intermediate chart, we see that shares successfully tested their 2020 lows in late December of last year. This means we potentially have a double-bottom reversal formation in play, which would mean that shares would rally above $20 over the next few years. Given where this stock has traded in past times ($30+ per share), the above projection is entirely possible. If indeed, though, we have a double-bottom reversal playing itself out at present, we first need to see the stock's 10-week moving average cross above its corresponding 40-week. Furthermore, an uptick in the popular ADX intermediate trend-following indicator would also be needed to demonstrate that indeed shares are in their initial innings of a sustained bullish trend. Grupo Televisa has started 2023 exceptionally well with higher highs for 4+ weeks now. Therefore, as we approach the company's fourth-quarter earnings scheduled to be announced at the back end of this month, it will be interesting to see if the binary event can be the catalyst for momentum to continue. Why is researching the above important? Because if indeed a double-bottom reversal pattern does not play itself out (Which may then dwarf into a triple bottom or a multi-year consolidation pattern), forward-looking returns will obviously be poorer. Furthermore, Grupo Televisa's 1.5% dividend yield would not be enough to cover the ravages of inflation if shares were to consolidate for a considerable period of time. Remember, with inflation remaining in the high single-digit range, investors still need to make a 6 to 8% minimum nominal return in order to realize a real return on their investment. Suffice it to say, timing an investment is more important than ever, especially in beaten-down plays such as Grupo Televisa, S.A.B. Grupo Televisa Technical Chart (Stockcharts.com) As always, the market will reward TV stock for the pace of its earnings growth and even more so if the market believes shares are undervalued. Profitability Grupo Televisa, S.A.B.'s gross margin over a trailing twelve-month average now comes in at 42.12%, which means this key metric is in line with the averages we have seen over the past five years. Furthermore, if we continue down the income statement, Televisa's operating margin of 21.23% comes in significantly ahead of the company's 5-year average for this metric (17.85%). This is due in no small part to the aggressive cost-cutting stance management especially undertook in 2020. Rising margins in an inflationary environment are very encouraging, especially when combined with the 3%+ top-line growth rate expected next year. Suffice it to say, if sales can beat expectations in Q4 and beyond ($1.02 billion expected in Q4), this would really add fuel to Televisa's bottom-line growth profile due to how margins have been expanding.
Seeking Alpha • Dec 13

Grupo Televisa says Megacable board rejected offer for merger

Grupo Televisa (NYSE:TV) said Megacable's board rejected a merger proposal made last month. Grupo Televisa shares were halted after earlier climbing 11%. Televisa plans to pursue other alternatives with Megacable on a merger, according to traders, who cited a Bloomberg report, which cited a Mexico stock exchange filing. The Televisa proposal included Megcable shareholders owning 45% of the  erged company with Televisa (TV) owning about 55%. Megacable holders would receive a 14.8 billion peso special dividend and Megacable would remain publicly listed on the Mexican stock exchange. Reuters reported news of a potential deal earlier.
Seeking Alpha • Nov 15

Grupo Televisa: Gearing Up For A Solid Year Ahead

Summary Televisa saw strong operating momentum across its key businesses in Q3. The Sky turnaround is a work in progress, but TelevisaUnivision continues to outperform expectations. At the current historically cheap valuation, Televisa is worth a look. Grupo Televisa, S.A.B. (TV), a Mexico-based media and telecom company, continues to see encouraging growth in its cable businesses, as investments in network expansion and upgrades drive subscriber growth. The challenged Sky Satellite business turnaround is a work in progress, but TelevisaUnivision (UVN), in which Televisa owns a 45% stake, has shown surprising resilience even against a softening macro. The operational momentum has been accompanied by margin pressures, though, and risks around the Sky turnaround remain elevated. Yet, management has been prudent with its balance sheet management, paying down ~$800m of debt with cash on hand, leaving ~80% of the debt stack at a fixed rate. This leaves ample room for more stock buybacks at the current historically cheap valuation (see my prior take on the valuation here), setting up for a strong year ahead. Data by YCharts Operating Momentum Picks Up in Cable Televisa's cable business delivered better than expected subscriber additions in Q3, supported by strong execution on its triple-play bundle (i.e., broadband, television, and landline). In particular, the izzi residential cable business continues to be a bright spot, gaining share across fiber to the home (~2m incremental homes last year) and in legacy markets. Pay-TV has also outperformed alongside fixed voice, although competitors' ongoing upgrade cycles have helped. Key cable peer Megacable (MHSDF), for instance, is making up for previously underinvesting in its infrastructure, while all-fiber peer Totalplay is also in the midst of major upgrades (albeit in select areas). Grupo Televisa Broadband was another bright spot, accelerating to 96k adds during the quarter (well above the 78k adds in Q2 2022 and the highest rate of additions since the 104k adds in Q1 2021). This trend was echoed at Megacable, which also accelerated to 101k adds, although América Móvil (AMX) lagged this quarter. Similarly, mobile saw a strong +19k net adds in Q3, driving the overall mobile subs contribution to ~5% of video subs. The key question, in my view, is the sustainability of these strong net adds. Given the company held off on taking price increases this quarter due to the weak macro environment, the 'stickiness' of these subs could be less than expected. Still, Televisa deserves credit for also increasing its penetration in new locations (large cities and smaller ones), driving more net adds, and supporting average revenue per user (ARPU) trends going forward. Sky Turnaround in Progress Sky saw more video disconnections in Q3 at 381k, outpacing even the 225k net disconnection rate seen in Q2. It is worth considering the context, however, with management citing that 204k of these losses were related to the clean-up of the base. All in all, revenues were down ~9% YoY due to subscriber declines, and lower prepaid recharges, while headline operating segment income ((OSI)) declined ~25% YoY. Adjusted for the impact of the amortization of World Cup-related transmission rights, however, operating income would have declined by a more gradual ~13% YoY. Grupo Televisa Importantly, the turnaround is on track, with management now focused on improving sales quality and increasing the ARPU of the client base. From here, execution will be key - as long as churn rates stay well-managed, the unit could see lower investment needs going forward, presenting an upside to current estimates. TelevisaUnivision Defies the Economic Headwinds Also outperforming expectations was TelevisaUnivision, which posted advertising revenue growth of +6% YoY on strong advance sales in the US and Mexico, as well as new client additions. The +8% YoY growth in subscription & licensing was also impressive, all things considered, helped by the launch of the ViX+ streaming offering this quarter. While profitability was down this quarter, with the adj operating income declining by ~4%, much of the delta was down to incremental marketing costs for the ViX+ launch and related content amortization from the streaming service. TelevisaUnivision
Seeking Alpha • Jul 26

Grupo Televisa reports Q2 results

Grupo Televisa press release (NYSE:TV): Q2Revenue of $747.5M (+6.8% Y/Y) misses by $157.48M. Cash and cash equivalents $684.4M. The 2022/2023 U.S. Upfront closed with the highest volume growth in seven years, and the second consecutive year of CPM growth. U.S. market share of Spanish language primetime expanded 40bps to 63.2%, while total television primetime viewing share rose 20bps to 7.0%. Pro forma revenue grew 11% in the second quarter and 11% in the first half of 2022. Pro forma adjusted OIBDA declined 8% in the second quarter, and 1% in the first half of 2022, as the company’s streaming investments ramped up.
Seeking Alpha • Jun 21

Univision sets big streaming plans for post-Televisa merger

Univision (UVN) is expanding its streaming ambitions following its $4.8B acquisition of Grupo Televisa (TV), set to close later this year. The broadcaster plans a service to come in 2022 to the United States and Latin America, encompassing subscription options as well as free ad-supported video. It will roll up the existing VIX and Univision Now services, along with Univision's recently launched ad-supported PrendeTV service. The free tier will have more than 100 linear channels and more than 40,000 hours

VD OCH KONCERNCHEF

Alfonso de Angoitia Noriega (64 yo)

8.6yrs
Anställning

Mr. Alfonso de Angoitia Noriega is the Executive Chairman of the Board at TelevisaUnivision, Inc. and has been its Director since December 2010. He serves as Co-Chief Executive Officer of Grupo Televisa, S...

Ledningsgrupp

NamnPositionAnställningKompensationÄgarskap
Alfonso de Angoitia Noriega
Co-CEO & Director8.6yrsinga uppgifter1.7%
$ 24.8m
Bernardo Gomez Martinez
Co-CEO & Director8.6yrsinga uppgifter8.02%
$ 117.0m
Carlos Phillips Margain
CFO & Corporate Vice President of Finance4.8yrsinga uppgifteringa uppgifter
Rodrigo Villanueva
Vice President of Investor Relations5.4yrsinga uppgifteringa uppgifter
Luis Bustos Olivares
VP of Legalno datainga uppgifter0.13%
$ 1.8m
Ruben Acosta
Communications General Directorno datainga uppgifteringa uppgifter
Giovanni Rier
Vice President of Sales & Commercial Operations5.4yrsinga uppgifteringa uppgifter
Joaquin Balcarcel Cruz
Chief of Staff of the Executive Chairman of the Board of Directorsno datainga uppgifteringa uppgifter
Leopoldo Gómez González Blanco
President of Univision Noticias5.1yrsinga uppgifteringa uppgifter
Patricio Wills
President of Televisa Estudios8.4yrsinga uppgifteringa uppgifter
Daniel Badia
Head of News5.1yrsinga uppgifteringa uppgifter
Alexandre Penna da Silva
Chairman of the Board of Managers for Corporación Novavision and CEO of Corporación Novavisionno datainga uppgifteringa uppgifter
5.4yrs
Genomsnittlig anställningstid
62yo
Genomsnittlig ålder

Erfaren ledning: TV s ledningsgrupp är erfaren och erfaren ( 5.4 års genomsnittlig anställning).

Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
Alfonso de Angoitia Noriega
Co-CEO & Director29.3yrsinga uppgifter1.7%
$ 24.8m
Bernardo Gomez Martinez
Co-CEO & Director27.3yrsinga uppgifter8.02%
$ 117.0m
Luis Bustos Olivares
VP of Legal1.3yrsinga uppgifter0.13%
$ 1.8m
Joaquin Balcarcel Cruz
Chief of Staff of the Executive Chairman of the Board of Directors26.3yrsinga uppgifteringa uppgifter
Alexandre Penna da Silva
Chairman of the Board of Managers for Corporación Novavision and CEO of Corporación Novavisionno datainga uppgifteringa uppgifter
Jorge Lutteroth Echegoyen
VP & Corporate Controller26.3yrsinga uppgifteringa uppgifter
Enrique Hernández
Independent Director25.3yrsinga uppgifteringa uppgifter
Enrique Krauze Kleinbort
Director30.3yrsinga uppgifter0.0088%
$ 128.8k
Jose Fernandez Fernandez
Independent Director24.3yrsinga uppgifter0.032%
$ 463.7k
Salvi Folch Viadero
Independent Director24.3yrsinga uppgifteringa uppgifter
Francisco Chevez Robelo
Independent Director23.3yrsinga uppgifter0.032%
$ 463.7k
Guillermo Naranjo Alvarez
Independent Director8.3yrsinga uppgifter0.032%
$ 463.7k
25.3yrs
Genomsnittlig anställningstid
68.5yo
Genomsnittlig ålder

Erfaren styrelse: TV s styrelse är rutinerade och erfaren ( 25.3 års genomsnittlig mandatperiod).

Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/08/23 09:25
Aktiekurs vid dagens slut2026/08/21 00:00
Intäkter2026/06/30
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som används för att skapa den här rapporten finns på vår Github-sida, vi har också guider om hur du använder våra rapporter och handledningar på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

Grupo Televisa, S.A.B. bevakas av 25 analytiker. 11 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
Martín LaraActinver Case de Bolsa, S.A. de C.V.
Michel MorinBarclays
Matthew HarriganBenchmark Company