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Television Broadcasts Limited
(0511)
Television Broadcasts Limited (0511) vs. iShares MSCI Hong Kong ETF (EWH)
Television Broadcasts Limited Business Overview & Revenue Model
Television Broadcasts Limited Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 3.26B | 3.32B | 3.59B | 2.90B | 2.72B | Gross Profit |
| 1.33B | 1.02B | 1.01B | 721.83M | 847.23M | EBIT |
| -20.72M | -497.81M | -978.09M | -813.86M | -541.80M | EBITDA |
| -99.42M | -298.35M | -454.24M | -240.87M | 152.34M | Net Income Common Stockholders |
| -491.05M | -762.80M | -807.13M | -646.74M | -280.88M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 711.42M | 787.28M | 1.09B | 1.22B | 3.42B | Total Assets |
| 5.45B | 6.25B | 7.05B | 7.65B | 9.83B | Total Debt |
| 2.16B | 2.33B | 2.26B | 2.06B | 3.79B | Net Debt |
| 1.52B | 1.67B | 1.30B | 883.99M | 2.45B | Total Liabilities |
| 3.25B | 3.51B | 3.44B | 3.06B | 4.53B | Stockholders Equity |
| 2.26B | 2.72B | 3.50B | 4.36B | 5.13B |
| Cash Flow | Free Cash Flow | |||
| 186.85M | -293.56M | -545.93M | -525.88M | -165.37M | Operating Cash Flow |
| 251.78M | -154.50M | -370.61M | -344.50M | 4.26M | Investing Cash Flow |
| -17.54M | -126.74M | 149.03M | 2.04B | -1.22B | Financing Cash Flow |
| -233.26M | 181.52M | -125.07M | -1.87B | 1.42B |
Television Broadcasts Limited Technical Analysis
Television Broadcasts Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $86.26B | 17.01 | 13.76% | 9.58% | 1.23% | 1.58% | |
73 Outperform | $25.33B | 9.98 | 11.12% | 8.17% | -6.53% | -18.43% | |
61 Neutral | $14.55B | 5.81 | -3.99% | 6.41% | 2.71% | -31.56% | |
48 Neutral | HK$1.61B | ― | -19.86% | ― | -1.95% | 38.51% | |
48 Neutral | $249.71M | ― | ― | -2.24% | 6.05% | ||
46 Neutral | HK$555.37M | ― | -0.23% | ― | -1.80% | 61.90% | |
43 Neutral | HK$1.86B | ― | ― | ― | ― |
Television Broadcasts Limited Corporate Events
Television Broadcasts Limited has announced a change in the composition of its Nomination Committee, with Mr. Anthony Lee Hsien Pin stepping down and Ms. Tsang Lai Chun being appointed as a new member effective May 29, 2025. This change reflects the company’s ongoing adjustments in its governance structure, potentially impacting its strategic direction and stakeholder engagement.
Television Broadcasts Limited has announced an updated list of its Board of Directors and their respective roles, effective from May 29, 2025. This restructuring includes key appointments across various committees, which could impact the company’s governance and strategic direction, potentially influencing stakeholder interests and the company’s market positioning.
Television Broadcasts Limited held its Annual General Meeting on May 28, 2025, where all proposed ordinary resolutions were passed by a significant majority. Key resolutions included the adoption of financial statements, election of a director, reappointment of auditors, and granting mandates for share issuance and repurchase. The meeting saw participation from various directors, and the resolutions reflect the company’s ongoing governance and operational strategies.
Television Broadcasts Limited has outlined the terms of reference for its Nomination Committee, which is responsible for recommending appointments and re-appointments of directors and managing succession planning. This move is aimed at ensuring effective governance and strategic alignment with the company’s corporate strategy, potentially impacting its operational efficiency and stakeholder confidence.
Television Broadcasts Limited has announced the completion of a significant transaction involving the transfer of ownership interests in Young Lion Holdings Limited, an indirect holding company of Shaw Brothers Limited, which holds a substantial number of shares in Television Broadcasts Limited. This transaction, approved by the Communications Authority, marks a shift in shareholding dynamics as Mr. Kenneth Hsu Kin transfers his interests to Mr. Thomas Hui To, the Executive Chairman. Additionally, Mr. Hsu has resigned from his position as a Non-executive Director due to health and retirement plans, with no disagreements with the board, and his departure is acknowledged with gratitude for his contributions.
Television Broadcasts Limited has announced an updated list of its Board of Directors and their respective roles and functions, effective from May 9, 2025. This restructuring of the board, which includes both executive and non-executive directors, as well as independent non-executive directors, is likely to impact the company’s governance and strategic direction, potentially influencing its market positioning and stakeholder relations.
Television Broadcasts Limited reported a stable performance in its core Hong Kong television-related businesses for the first quarter of 2025, maintaining a 78% market share in viewership. The company experienced steady advertising income from its free-to-air channels and anticipates growth in advertising revenue for the full year, driven by its expansion in the Greater Bay Area. In its OTT streaming segment, despite some churn in premium subscribers, digital advertising revenue saw significant growth. In mainland China, TVB completed filming several drama titles and is preparing for new projects, indicating a robust production pipeline. The company expects continued growth in EBITDA and a positive net profit for 2025.
Television Broadcasts Limited has announced its upcoming Annual General Meeting (AGM) scheduled for May 28, 2025, where key agenda items include the adoption of financial statements, election of a new director, and reappointment of auditors. Additionally, the company seeks approval for resolutions that would allow directors to issue new shares, subject to specific conditions, which could impact the company’s capital structure and shareholder value.
Television Broadcasts Limited announced the grant of 9,450,000 share options to its directors and employees under its share option scheme. The options, which have a 10-year validity period and a vesting schedule over four years, aim to align incentives with long-term value creation and recognize the contributions of the grantees, enhancing the company’s value and benefiting its shareholders.
Television Broadcasts Limited reported a significant improvement in its financial performance for 2024, with a positive EBITDA of HK$295 million and a substantial reduction in losses attributable to equity holders. The company’s core TV-related businesses saw a 10% revenue increase, driven by strong growth in both the Hong Kong TV Broadcasting and Mainland China Operations segments. The company maintained a dominant market share in Hong Kong’s TV viewership and advertising, while also expanding its digital media reach. Operating costs were reduced by 15% through strategic streamlining efforts, including channel mergers and downsizing of the e-Commerce business.