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Television Francaise 1 SA TF1
(TFI)
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Rating:70Outperform
Price Target:
€7.50
▲(10.95% Upside)
Action:Upgraded
Date:08/09/26
The score is driven by strong valuation (low P/E and very high dividend yield) and supportive technicals (price above key moving averages with positive MACD). These positives are tempered by mixed financial performance: profitability remains positive and leverage is low, but revenue and margins have softened and free cash flow has weakened materially versus prior years.
Positive Factors
Low leverage / conservative balance sheet
TF1’s very low debt-to-equity provides durable financial flexibility against advertising cyclicality. A conservative balance sheet supports stable dividend policy, funds content investment or selective M&A, and reduces refinancing risk, making cash-flow shocks easier to absorb over months.
Negative Factors
Revenue softness and margin compression
Declining revenues and narrower margins indicate weaker advertising pricing or audience reach and higher cost pressure. Over a multi-month horizon this erodes internal funding for content, limits margin recovery levers, and makes earnings more sensitive to cyclical ad demand and competitive streaming pressures.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / conservative balance sheet
TF1’s very low debt-to-equity provides durable financial flexibility against advertising cyclicality. A conservative balance sheet supports stable dividend policy, funds content investment or selective M&A, and reduces refinancing risk, making cash-flow shocks easier to absorb over months.
Read all positive factors
Television Francaise 1 SA TF1 (TFI) vs. iShares MSCI France ETF (EWQ)
Market Cap
€1.49B
Dividend Yield8.94%
Average Volume (3M)158.44K
Price to Earnings (P/E)11.9
Beta (1Y)0.52
Revenue Growth-2.51%
EPS Growth-25.56%
CountryFR
Employees2,972
SectorGeneral
Sector StrengthN/A
IndustryBroadcasting
Share Statistics
EPS (TTM)0.59
Shares Outstanding211,041,640
10 Day Avg. Volume140,132
30 Day Avg. Volume158,435
Financial Highlights & Ratios
PEG Ratio-0.45
Price to Book (P/B)0.85
Price to Sales (P/S)0.77
P/FCF Ratio17.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€7.00Price Target Upside3.55% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering1
EPS Forecast (FY)0.5
Revenue Forecast (FY)€2.18B
Television Francaise 1 SA TF1 Business Overview & Revenue Model
Company Description
Télévision Française 1 S.A. is a prominent media conglomerate operating across France and internationally, with core activities spanning broadcasting, content production, and digital platforms. Its extensive broadcasting network features leading D...
How the Company Makes Money
TF1 primarily generates revenue by monetizing audiences and content across television and digital platforms. A major source of income is advertising sales on its free-to-air channels and associated digital properties, where advertisers pay for acc...
Television Francaise 1 SA TF1 Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.19B | 2.30B | 2.36B | 2.30B | 2.51B | 2.43B |
| Gross Profit | 648.90M | 443.00M | 1.49B | 974.50M | 1.78B | 1.71B |
| EBITDA | 503.40M | 611.30M | 716.40M | 640.30M | 770.00M | 726.00M |
| Net Income | 125.20M | 152.80M | 205.50M | 191.90M | 176.10M | 225.30M |
Balance Sheet | ||||||
| Total Assets | 3.70B | 3.75B | 3.88B | 3.66B | 3.64B | 3.72B |
| Cash, Cash Equivalents and Short-Term Investments | 587.20M | 683.10M | 709.00M | 669.00M | 484.50M | 384.00M |
| Total Debt | 207.10M | 221.40M | 271.00M | 143.90M | 183.50M | 249.20M |
| Total Liabilities | 1.68B | 1.63B | 1.78B | 1.71B | 1.78B | 1.95B |
| Stockholders Equity | 1.97B | 2.06B | 2.04B | 1.95B | 1.86B | 1.77B |
Cash Flow | ||||||
| Free Cash Flow | 56.50M | 98.30M | 153.70M | 327.20M | 150.70M | 310.40M |
| Operating Cash Flow | 358.80M | 456.70M | 475.00M | 626.60M | 463.30M | 642.50M |
| Investing Cash Flow | -255.30M | -318.60M | -372.30M | -321.90M | -205.10M | -308.70M |
| Financing Cash Flow | -171.50M | -159.50M | -63.20M | -121.30M | -154.70M | -129.40M |
Television Francaise 1 SA TF1 Technical Analysis
Positive
6.76
Price Trends
6.85
Positive
6.77
Positive
6.95
Positive
Market Momentum
0.05
Positive
59.31
Neutral
29.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FR:TFI, the sentiment is Positive. The current price of 6.76 is below the 20-day moving average (MA) of 6.96, below the 50-day MA of 6.85, and below the 200-day MA of 6.95, indicating a bullish trend. The MACD of 0.05 indicates Positive momentum. The RSI at 59.31 is Neutral, neither overbought nor oversold. The STOCH value of 29.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FR:TFI.
Television Francaise 1 SA TF1 Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | €1.52B | 15.05 | 10.21% | 10.47% | -1.59% | -31.58% | |
71 Outperform | €499.82M | 5.92 | 11.27% | 3.40% | -11.57% | 223.80% | |
70 Outperform | €1.49B | 11.93 | 7.00% | 9.32% | -2.51% | -25.56% | |
64 Neutral | €5.14B | 15.69 | 12.24% | 2.96% | 1.12% | 36.41% | |
58 Neutral | €43.62B | 11.24 | 1.97% | 4.64% | 3.02% | 267.18% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
47 Neutral | €1.63B | 83.86 | 0.42% | 2.11% | ― | ― |
* General Sector Average
FR:TFI
Television Francaise 1 SA TF1
7.05
-0.81
-10.35%
FR:DEC
JCDecaux SA
24.00
10.05
72.07%
FR:MMT
Metropole Television
12.04
0.11
0.94%
FR:NRG
NRJ Group
6.46
-0.41
-5.90%
FR:ORA
ORANGE SA
16.41
2.58
18.68%
FR:VIV
Vivendi
1.69
-1.41
-45.37%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.