TVA Group Inc B NV (TVA.B) AI Stock Analysis

• Market Cap: C$34.13M
• Dividend Yield: N/A
• Average Volume (3M): 9.15K
• Price to Earnings (P/E): 0.2
• Beta (1Y): 0.59
• Revenue Growth: -6.56%
• EPS Growth: 46.49%
• Country: CA
• Employees: 1,330
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): 0.73
• Shares Outstanding: 38,885,536
• 10 Day Avg. Volume: 4,533
• 30 Day Avg. Volume: 9,148
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.06
• Price to Sales (P/S): 0.04
• P/FCF Ratio: 0.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$1.00
• Price Target Upside: 88.68% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1
• EPS Forecast (FY): -0.07
• Revenue Forecast (FY): C$465.00M

• Rating: 64 Neutral
• Price Target: C$1.00 ▲(88.68% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is driven by solid financial resilience (low leverage and generally strong cash flow) and supportive technical momentum (price above major moving averages with positive MACD). Offsetting these positives are weak/uncertain valuation inputs due to a negative P/E and an earnings profile that has been volatile, with profitability only recently recovering in 2025.

Positive Factors

Balance Sheet Strength

A large equity base paired with minimal debt gives TVA durable financial flexibility. Low leverage reduces refinancing risk, supports investments in content and technology, and provides a buffer against cyclical ad revenues, strengthening resilience over the coming months.

Cash Generation

Consistent positive operating and free cash flow demonstrates the company's ability to internally fund operations and content production. Even with some volatility, sustained cash generation supports capex, strategic initiatives, and reduces reliance on external financing.

Niche Business Model

A focused French-language broadcasting and production platform creates sticky audiences and integrated monetization across TV and digital. Vertical control of content and multi-platform distribution supports durable revenue streams and competitive positioning in its market.

Negative Factors

Earnings Volatility

Multi-year swings from profit to loss undermine predictability of earnings and cash conversion. Irregular profitability makes it harder to rely on recurring operating margins or to plan sustainable content investments and dividends over the medium term.

Cash Flow Volatility

While cash generation is generally positive, episodic negative cash flow in 2023 and a dip in 2025 indicate operational sensitivity to revenue cycles. This variability can constrain discretionary spending and increase reliance on reserves during down cycles.

Capital Efficiency

A substantial equity base combined with only modest revenue growth limits returns on equity and capital efficiency. If earnings recovery is fragile, the company may struggle to deliver durable ROE improvement without sustained top-line expansion or margin gains.

TVA Group Inc B NV Business Overview & Revenue Model

Company Description

TVA Group Inc. operates a communications company in Canada. It operates through four segments: Broadcasting, Magazines, Film Production & Audiovisual Services, and Production & Distribution. The company's Broadcasting segment creates, produces, and broadcasts entertainment, sports, news, and public affairs programming, as well as engages in commercial production; operates a French-language television network; markets digital products associated with various televisual brands; and provides custom publishing and specialty services. Its Magazines segment publishes magazines in various fields, such as the arts, entertainment, television, fashion, and decoration; and markets digital products associated with various magazine brands. The company's Film Production & Audiovisual Services segment offers soundstage, mobile, and equipment rental services, as well as dubbing and described video, postproduction and visual effects. Its Production & Distribution segment produces and distributes television shows, movies, and television series worldwide. The company was formerly known as Télé-Métropole Inc. and changed its name to TVA Group Inc. in February 1998. TVA Group Inc. was incorporated in 1960 and is headquartered in Montreal, Canada. TVA Group Inc. is a subsidiary of Quebecor Media Inc.

How the Company Makes Money

TVA Group Inc. generates revenue primarily through advertising sales on its television channels, subscription fees for specialty channels, and the production and distribution of content. Advertising revenue is driven by viewership ratings and the attractiveness of the company's programming to advertisers. The company also earns income from licensing its produced content to other broadcasters and digital platforms. Additionally, TVA Group benefits from strategic partnerships with other media companies to enhance content distribution and maximize audience reach.

TVA Group Inc B NV Financial Statement Overview

Summary

Overall fundamentals are mixed: a strong, low-debt balance sheet (Score 74) and generally solid cash generation (Score 67) offset a volatile earnings record with losses in 2022–2024 and only a recent return to profitability in 2025 (Income Statement Score 48).

Income Statement

Profitability has been volatile. After solid profits in 2020–2021, the company swung to losses in 2022–2024, then returned to profitability in 2025 (net income of ~14.8M) alongside modest revenue growth (~7.4%). However, the multi-year pattern shows pressure on earnings power, with recent years featuring weak or negative operating results, so the rebound is encouraging but not yet fully de-risked.

Balance Sheet

The balance sheet looks conservative overall, supported by a large equity base (~352M in 2025) versus low debt (~12.5M in 2025). Leverage improved materially from the higher-debt period in 2023, and total assets have been broadly stable. Key weakness is that recent profitability has not been consistently strong, which can limit returns on the equity base despite the low leverage.

Cash Flow

Cash generation is a relative strength. Operating cash flow has been positive in most years (notably ~63.3M in 2025 and ~67.0M in 2024), and free cash flow has also been positive in most years (about ~51.7M in 2025). The main concern is volatility—2023 saw meaningfully negative operating and free cash flow—and 2025 free cash flow dipped slightly versus 2024 (negative growth).

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	539.02M	532.23M	545.20M	594.41M	622.83M
Gross Profit	26.06M	118.47M	126.45M	167.13M	219.68M
EBITDA	48.05M	5.29M	-31.93M	18.91M	74.85M
Net Income	14.79M	-19.34M	-47.89M	-9.68M	30.50M
Balance Sheet
Total Assets	569.04M	574.63M	626.51M	676.07M	661.09M
Cash, Cash Equivalents and Short-Term Investments	13.28M	0.00	0.00	-8.77M	5.18M
Total Debt	12.50M	46.34M	91.71M	18.84M	22.34M
Total Liabilities	216.73M	237.35M	279.16M	282.69M	280.63M
Stockholders Equity	352.31M	337.27M	347.35M	393.38M	379.25M
Cash Flow
Free Cash Flow	51.65M	45.77M	-71.90M	6.70M	22.95M
Operating Cash Flow	63.34M	66.98M	-68.78M	28.05M	42.88M
Investing Cash Flow	-10.39M	-18.02M	-2.84M	-28.55M	-20.27M
Financing Cash Flow	-39.67M	-48.96M	71.63M	-4.68M	-20.27M

TVA Group Inc B NV Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.53
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:TVA.B, the sentiment is Neutral. The current price of 0.53 is below the 20-day moving average (MA) of 0.78, below the 50-day MA of 0.66, and below the 200-day MA of 0.65, indicating a neutral trend. The MACD of 0.04 indicates Positive momentum. The RSI at 51.12 is Neutral, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:TVA.B.

TVA Group Inc B NV Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RCI.B	75 Outperform	C$28.59B	4.04	43.97%	3.94%	2.75%	342.54%
QBR.A	71 Outperform	C$13.37B	13.87	35.31%	2.70%	-0.29%	15.30%
TVA.B	64 Neutral	C$34.13M	0.18	4.54%	―	-6.56%	46.49%
BCE	63 Neutral	C$32.67B	4.71	31.99%	7.42%	0.11%	7109.23%
CGO	62 Neutral	C$688.59M	5.38	10.16%	5.98%	-2.14%	4.40%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
WILD	43 Neutral	C$267.07M	-224.02	―	―	16.65%	1.41%

TVA Group Inc B NV Corporate Events

TVA Group Swings to Profit on One-Time TV Revenue Boost but Warns Structural Challenges Persist

TVA Group Inc., a Montreal-based media company active in broadcasting, film and audiovisual production services, magazines, and content production and distribution, reported improved financial results for fiscal 2025 despite persistent structural pressures on traditional television. The corporation’s operations span conventional TV, specialty channels including TVA Sports, studio rentals through MELS, and magazine publishing, serving primarily the Quebec and French-language markets.

For fiscal 2025, TVA Group grew revenue 1.6% to $540.8 million and swung to a net profit of $14.8 million, driven by a sharp improvement in adjusted EBITDA to $49.9 million. The broadcasting segment was the main driver, benefiting from a large one-time retroactive subscription revenue adjustment for its entertainment and sports specialty channels and cost savings from restructuring, while film production services and production and distribution suffered from weaker volumes and impairments.

In the fourth quarter, revenue surged 26.5% to $185.5 million and net income climbed to $31.9 million, with consolidated adjusted EBITDA jumping to $50.1 million. However, management stressed that the non-recurring subscription adjustment merely recovers amounts owed from prior years and does not resolve TVA Group’s underlying challenges, as the company still faces cumulative shareholder losses over the past four years and ongoing declines in subscribers and advertising revenue in conventional television.

The most recent analyst rating on ($TSE:TVA.B) stock is a Hold with a C$0.53 price target. To see the full list of analyst forecasts on TVA Group Inc B NV stock, see the TSE:TVA.B Stock Forecast page.