Television Francaise 1 SA TF1 (TFI) AI Stock Analysis

• Rating: 77 Outperform
• Price Target: ―

Television Francaise 1 SA TF1 demonstrates a strong financial foundation with stable revenue and profitability, supported by a robust balance sheet. Although technical indicators show moderate momentum, the stock's attractive valuation with a high dividend yield underscores its investment appeal. Potential risks include the need to maintain gross profit levels amidst a competitive market.

Television Francaise 1 SA TF1 Business Overview & Revenue Model

Company Description

Television Francaise 1 SA (TF1) is a leading French media company primarily engaged in the television broadcasting sector. TF1 operates the largest free-to-air television channel in France, offering a wide range of programming including news, entertainment, sports, and drama. The company also has interests in digital media, content production, and advertising, making it a prominent player in the French and European media landscapes.

How the Company Makes Money

TF1 generates revenue through several key streams. The primary source of income is advertising revenue from its free-to-air television channel, which attracts a large audience and thus significant advertising spend. The company also earns from content production and distribution, both domestically and internationally, by producing original programming and selling broadcasting rights. Additionally, TF1 has digital platforms that contribute to its revenue through online advertising and subscription services. Strategic partnerships and collaborations with other media entities also play a role in its earnings, enhancing its content offerings and distribution capabilities.

Television Francaise 1 SA TF1 Financial Statement Overview

Summary

Television Francaise 1 SA TF1 exhibits stable financial performance with consistent revenue growth and solid profitability margins. The balance sheet is strong, characterized by low leverage and a healthy cash position. Despite a slight decline in gross profit and free cash flow, the overall financial health remains robust.

Income Statement

The Income Statement reflects stable revenue levels, with a notable revenue growth rate of 2.98% in the TTM (Trailing-Twelve-Months). The Gross Profit Margin is healthy at 51.11%, with a stable Net Profit Margin of 8.06%. EBIT and EBITDA margins are strong at 12.19% and 30.98%, respectively, indicating efficient cost management and operational efficiency. However, the decline in gross profit compared to the previous year suggests a potential challenge in maintaining profit levels.

Balance Sheet

The Balance Sheet is solid with a Debt-to-Equity Ratio of 0.13, indicating low leverage and financial stability. The Equity Ratio is robust at 51.79%, reflecting a strong equity base. Return on Equity is reasonably favorable at 9.27%, showcasing the company's ability to generate returns from its equity. The company maintains a healthy cash position, further strengthening its financial resilience.

Cash Flow

The Cash Flow statement shows a slight decrease in Free Cash Flow, with a growth rate of -2.09% in the TTM. The Operating Cash Flow to Net Income Ratio is strong at 2.48, indicating efficient cash generation relative to net income. The Free Cash Flow to Net Income Ratio is at 0.79, demonstrating adequate conversion of income to cash flow. Despite the drop in free cash flow, the overall cash flow position remains healthy.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
2.37B	2.36B	2.30B	2.51B	2.43B	2.08B
	Gross Profit
1.21B	1.49B	974.50M	1.78B	1.71B	1.39B
	EBIT
288.40M	270.90M	253.20M	301.20M	332.90M	115.10M
	EBITDA
732.90M	716.40M	640.30M	763.10M	726.00M	392.80M
	Net Income Common Stockholders
190.60M	205.50M	191.90M	176.10M	225.30M	55.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
755.10M	709.00M	669.00M	484.50M	384.00M	178.60M
	Total Assets
3.97B	3.88B	3.66B	3.64B	3.72B	3.36B
	Total Debt
260.10M	271.00M	143.90M	183.50M	249.20M	271.70M
	Net Debt
-494.20M	-437.30M	-524.90M	-301.00M	-134.80M	93.10M
	Total Liabilities
1.86B	1.78B	1.71B	1.78B	1.95B	1.77B
	Stockholders Equity
2.06B	2.04B	1.95B	1.86B	1.77B	1.60B
Cash Flow		Free Cash Flow
150.50M	153.70M	327.20M	150.70M	310.40M	195.80M
	Operating Cash Flow
473.50M	475.00M	626.60M	463.30M	642.50M	480.40M
	Investing Cash Flow
-372.40M	-372.30M	-321.90M	-205.10M	-308.70M	-319.20M
	Financing Cash Flow
-72.80M	-63.20M	-121.30M	-154.70M	-129.40M	-88.50M

Television Francaise 1 SA TF1 Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 8.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 8.96 is above the 20-day moving average (MA) of 8.35, above the 50-day MA of 8.20, and above the 200-day MA of 7.41, indicating a bullish trend. The MACD of 0.19 indicates Negative momentum. The RSI at 70.42 is Negative, neither overbought nor oversold. The STOCH value of 96.01 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TFI	77 Outperform	€1.87B	9.84	9.43%	6.75%	1.53%	-1.60%
NRG	77 Outperform	€592.66M	14.13	5.90%	4.53%	1.14%	-7.09%
PUB	76 Outperform	€24.25B	14.60	15.92%	3.52%	8.30%	26.51%
MMT	75 Outperform	€1.63B	9.39	13.16%	9.67%	-0.33%	-26.15%
MC	75 Outperform	€249.07B	19.84	19.53%	2.60%	-1.71%	-17.20%
VIV	67 Neutral	€2.88B	7.56	2.26%	1.39%	57.79%	―
Sector *	60 Neutral	$14.06B	6.51	-3.76%	3.69%	2.48%	-35.40%

Television Francaise 1 SA TF1 Corporate Events

TF1 Files 2024 Universal Registration Document with AMF

TF1 has filed its 2024 Universal Registration Document with the Autorité des Marchés Financiers, making it available in HTML format. This document, which includes financial reports, corporate governance details, and information on the share buyback programme, is accessible on both the TF1 and AMF websites, highlighting the company’s commitment to transparency and regulatory compliance.