Want to see HK:0511 full AI Analyst Report?
Top Page
Television Broadcasts Limited
(0511)
Select Model
Select Model
Rating:50Neutral
Price Target:
HK$2.50
▼(-20.13% Downside)
Action:Reiterated
Date:04/25/26
The score is held back primarily by weak technical momentum (price below key moving averages with negative MACD) and only middling valuation support (P/E ~24 with no dividend yield provided). Financial performance is improving—return to profitability and stronger free cash flow—but continued revenue erosion and thin margins limit confidence in the durability of the turnaround.
Positive Factors
Content library & diversified monetisation
A broad content library and multiple monetisation channels (advertising, licensing, platform distribution) provide durable revenue optionality. Licensing and syndication can generate recurring, low-marginal-cost revenue and support cross-platform distribution even if linear TV viewership shifts.
Negative Factors
Persistent revenue decline
Ongoing multi-year revenue erosion undermines scale economics and advertising inventory value. Without stable topline growth, investments in premium content or platform expansion may be constrained, keeping margins and licensing leverage under pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
Content library & diversified monetisation
A broad content library and multiple monetisation channels (advertising, licensing, platform distribution) provide durable revenue optionality. Licensing and syndication can generate recurring, low-marginal-cost revenue and support cross-platform distribution even if linear TV viewership shifts.
Read all positive factors
Television Broadcasts Limited (0511) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$1.07B
Dividend YieldN/A
Average Volume (3M)1.06M
Price to Earnings (P/E)17.5
Beta (1Y)0.60
Revenue Growth-2.02%
EPS GrowthN/A
CountryHK
Employees3,304
SectorCommunication Services
Sector Strength97
IndustryBroadcasting
Share Statistics
EPS (TTM)0.13
Shares Outstanding466,961,820
10 Day Avg. Volume871,442
30 Day Avg. Volume1,062,445
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)0.61
Price to Sales (P/S)0.45
P/FCF Ratio6.51
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.41
Revenue Forecast (FY)HK$3.49B
Television Broadcasts Limited Business Overview & Revenue Model
Company Description
Television Broadcasts Limited, established in 1967 and headquartered in Kowloon, Hong Kong, functions as a diversified media company. Its core operations revolve around traditional terrestrial television broadcasting, content creation, and a broad...
How the Company Makes Money
TVB primarily makes money by monetizing audience reach and its content library through multiple revenue streams: (1) Advertising and sponsorship: TVB sells advertising slots (e.g., commercial airtime) and program sponsorship/brand integrations tie...
Television Broadcasts Limited Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
54
Neutral
Cash Flow
62
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.19B | 3.26B | 3.32B | 3.59B | 2.90B |
| Gross Profit | 1.37B | 1.33B | 1.02B | 1.01B | 721.83M |
| EBITDA | 279.32M | -99.42M | -298.35M | -454.24M | -240.87M |
| Net Income | 59.29M | -491.05M | -762.80M | -807.13M | -646.74M |
Balance Sheet | |||||
| Total Assets | 5.46B | 5.45B | 6.25B | 7.05B | 7.65B |
| Cash, Cash Equivalents and Short-Term Investments | 804.35M | 711.42M | 787.28M | 1.09B | 1.22B |
| Total Debt | 2.13B | 2.16B | 2.33B | 2.26B | 2.06B |
| Total Liabilities | 3.23B | 3.25B | 3.51B | 3.44B | 3.06B |
| Stockholders Equity | 2.33B | 2.26B | 2.72B | 3.50B | 4.36B |
Cash Flow | |||||
| Free Cash Flow | 219.57M | 186.85M | -293.56M | -545.93M | -525.88M |
| Operating Cash Flow | 291.61M | 251.78M | -154.50M | -370.61M | -344.50M |
| Investing Cash Flow | -6.43M | -17.54M | -126.74M | 162.98M | 2.07B |
| Financing Cash Flow | -355.79M | -233.26M | 181.52M | -207.06M | -1.87B |
Television Broadcasts Limited Technical Analysis
Negative
3.13
Price Trends
2.58
Negative
2.75
Negative
3.00
Negative
Market Momentum
-0.10
Positive
35.75
Neutral
24.97
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0511, the sentiment is Negative. The current price of 3.13 is above the 20-day moving average (MA) of 2.40, above the 50-day MA of 2.58, and above the 200-day MA of 3.00, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 35.75 is Neutral, neither overbought nor oversold. The STOCH value of 24.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0511.
Television Broadcasts Limited Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$385.13M | 6.85 | 8.76% | 6.04% | -0.96% | 6.96% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
56 Neutral | HK$1.61B | 845.00 | 5.37% | ― | -1.69% | -73.57% | |
50 Neutral | HK$1.07B | 17.54 | 2.63% | ― | -2.02% | ― | |
46 Neutral | HK$556.50M | -1.15 | 25.88% | ― | -7.83% | 11.47% | |
46 Neutral | HK$42.35B | -163.91 | -2.39% | 1.68% | 7.18% | 15.72% | |
43 Neutral | HK$659.16M | -2.96 | -9.80% | ― | -8.15% | 10.22% |
* Communication Services Sector Average
HK:0511
Television Broadcasts Limited
2.29
-1.54
-40.21%
HK:1097
i-CABLE Communications
0.08
0.04
110.81%
HK:2008
Phoenix Media Investment (Holdings)
1.32
0.15
12.82%
HK:1716
Most Kwai Chung Ltd.
5.97
5.57
1392.50%
HK:2230
Medialink Group Ltd.
0.20
-0.06
-23.95%
HK:0008
PCCW Limited
5.47
0.27
5.21%
Television Broadcasts Limited Corporate Events
TVB Shareholders Clear All AGM Resolutions, Back Name Change and New Incentive Scheme
May 27, 2026
Shareholders of Television Broadcasts Limited approved all ordinary and special resolutions at the annual general meeting held on 27 May 2026, including adoption of the 2025 audited financial statements, re-election of directors, re-appointment of...
TVB Sets 2026 AGM, Seeks Renewal of Share Issuance Mandate
Apr 23, 2026
Television Broadcasts Limited has called its annual general meeting for 27 May 2026 at TVB City in Tseung Kwan O, where shareholders will review and adopt the audited financial statements, directors’ and independent auditor’s reports f...
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.