Television Broadcasts (TVBCY) AI Stock Analysis

• Market Cap: $185.62M
• Dividend Yield: N/A
• Average Volume (3M): 0.00
• Price to Earnings (P/E): ―
• Beta (1Y): 0.35
• Revenue Growth: -0.60%
• EPS Growth: 13.97%
• Country: US
• Employees: 3,304
• Sector: Communication Services
• Sector Strength: 97
• Industry: Broadcasting
• EPS (TTM): -0.06
• Shares Outstanding: 233,480,910
• 10 Day Avg. Volume: 0
• 30 Day Avg. Volume: 0
• PEG Ratio: 0.07
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.39
• P/FCF Ratio: 6.81
• Enterprise Value/Market Cap: 16.19
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 2.27
• Enterprise Value/Ebitda: -23.94
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 41 Neutral
• Price Target: $1.00 ▲(23.46% Upside)

Television Broadcasts' overall stock score is primarily impacted by its weak financial performance and valuation. The company faces significant financial challenges with declining revenues and persistent losses. Technical indicators also suggest bearish momentum, further weighing down the score.

Positive Factors

Cash Flow Improvement

The transition to positive free cash flow indicates better cash management and operational efficiency, enhancing financial flexibility.

Diverse Revenue Streams

A diverse revenue model reduces dependency on a single income stream, providing stability and resilience against market fluctuations.

Manageable Leverage

Moderate leverage allows the company to maintain financial flexibility and invest in growth opportunities without excessive risk.

Negative Factors

Declining Revenues

Persistent revenue decline indicates challenges in maintaining market share and competitiveness, impacting long-term growth potential.

Profitability Issues

Ongoing unprofitability and negative margins highlight operational inefficiencies and the need for strategic restructuring.

Weak Balance Sheet

A weakened balance sheet with declining equity raises concerns about the company's ability to withstand financial pressures.

Television Broadcasts Business Overview & Revenue Model

Company Description

Television Broadcasts Limited, together with its subsidiaries, engages in terrestrial television broadcasting, program production, and other television-related activities. It operates through Hong Kong TV Broadcasting, Over-The-Top (OTT) Streaming, e-Commerce Business, Mainland China Operations, and International Operations segments. The Hong Kong TV Broadcasting segment is involved in the broadcasting of television programs and commercials on terrestrial TV platforms; production of programs; operation of online social media platform; and music entertainment, and event and digital marketing activities. The OTT Streaming segment provides OTT services; and operates website portals. The e-Commerce Business segment operates e-Commerce platforms under the names Ztore, Neigbuy, and Big Big Shop. The Mainland China Operations segment co-produces dramas; and distributes television programs and channels to telecast, video, and media operators in Mainland China. The International Operations segment offers pay television and OTT services to subscribers; and distributes television programs and channels to telecast, video, and media operators in Malaysia, Singapore and internationally. The company also offers agency services on design, production, and exhibition of advertisements, as well as film rights and management services; provides consultancy, management, and agency services to artistes; and produces, publishes, and licenses musical works and sells sound recordings, as well as offers corporate finance services. In addition, it produces motion pictures for theatrical release and distribution; and provides satellite and subscription television programs, and program licensing and dealership services. Further, the company engages in provision of programs and marketing materials; property investment and other activities; and online sale of groceries. The company was founded in 1967 and is based in Kowloon, Hong Kong.

How the Company Makes Money

Television Broadcasts generates revenue through multiple streams, primarily from the sale of advertising on its television channels, which is a significant source of income as it draws advertisers looking to reach its viewer base. Additionally, the company earns revenue from subscription fees for its pay television services, offering premium content to subscribers. Another key revenue stream is the licensing of its programming and content to other broadcasters and platforms, both domestically and globally. TVBCY may also engage in partnerships and collaborations with other media companies, enhancing its content offerings and revenue potential. Overall, the combination of advertising income, subscription fees, content licensing, and strategic partnerships contributes to the company's financial performance.

Television Broadcasts Financial Statement Overview

Summary

Television Broadcasts faces significant financial challenges with declining revenues and persistent losses impacting profitability. Despite improvements in cash flow, the company struggles with operational inefficiencies and a weakening balance sheet, requiring strategic initiatives for financial stability.

Income Statement

Television Broadcasts has struggled with declining revenues, experiencing a negative revenue growth rate as total revenue decreased from 2023 to 2024. Despite an improvement in gross profit margin, the company remains unprofitable with a significant negative net profit margin. The EBIT and EBITDA margins are also negative, indicating operational challenges. The company's financial performance is hampered by persistent losses, requiring strategic changes to reverse the trajectory.

Balance Sheet

The company's balance sheet reveals a moderate debt-to-equity ratio, suggesting a manageable level of leverage. However, the equity ratio has weakened, reflecting reduced financial stability. Return on equity remains negative due to ongoing net losses, highlighting profitability issues. While the company maintains a solid level of cash and short-term investments, the declining stockholders' equity and high liabilities raise concerns about long-term financial health.

Cash Flow

Television Broadcasts has shown improvement in free cash flow, transitioning from negative to positive in 2024, representing a positive free cash flow growth rate. The operating cash flow to net income ratio is favorable, indicating that the company generates sufficient cash from operations relative to its net losses. However, the free cash flow to net income ratio remains concerning, underscoring the need for enhanced cash management strategies.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.24B	3.26B	3.32B	3.59B	2.90B	2.72B
Gross Profit	1.32B	1.33B	1.02B	1.01B	721.83M	847.23M
EBITDA	-125.55M	-99.48M	-298.42M	-454.01M	-244.56M	144.71M
Net Income	-455.71M	-491.05M	-762.80M	-807.13M	-646.74M	-280.88M
Balance Sheet
Total Assets	5.54B	5.45B	6.25B	7.05B	7.65B	9.83B
Cash, Cash Equivalents and Short-Term Investments	879.42M	711.42M	787.28M	1.09B	1.22B	3.42B
Total Debt	2.34B	2.16B	2.33B	2.26B	2.06B	3.79B
Total Liabilities	3.46B	3.25B	3.51B	3.44B	3.06B	4.53B
Stockholders Equity	2.17B	2.26B	2.75B	3.50B	4.36B	5.13B
Cash Flow
Free Cash Flow	169.62M	186.85M	-293.56M	-417.48M	-483.67M	-138.84M
Operating Cash Flow	215.67M	251.78M	-154.50M	-302.57M	-302.29M	30.79M
Investing Cash Flow	9.03M	-17.54M	-126.74M	162.98M	2.07B	-1.16B
Financing Cash Flow	-122.25M	-233.26M	181.52M	-207.06M	-1.95B	1.33B

Television Broadcasts Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 0.81
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TVBCY, the sentiment is Neutral. The current price of 0.81 is above the 20-day moving average (MA) of 0.79, below the 50-day MA of 0.81, and below the 200-day MA of 0.88, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 55.05 is Neutral, neither overbought nor oversold. The STOCH value of 59.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TVBCY.

Television Broadcasts Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GTN	67 Neutral	$534.11M	10.70	3.36%	6.45%	-3.32%	-69.63%
SSP	64 Neutral	$324.13M	-8.34	1.81%	―	-3.27%	86.01%
SGA	62 Neutral	$71.23M	223.43	0.18%	8.81%	-0.77%	-93.46%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
EVC	53 Neutral	$279.30M	-2.40	-81.68%	6.56%	-45.95%	-75.87%
UONE	44 Neutral	$44.06M	-0.41	-90.36%	―	-13.08%	-69.47%
TVBCY	41 Neutral	$185.62M	-3.24	-19.55%	―	-0.60%	13.97%