Television Broadcasts Limited (0511) AI Stock Analysis

• Market Cap: HK$1.49B
• Dividend Yield: N/A
• Average Volume (3M): 1.08M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.84
• Revenue Growth: -1.95%
• EPS Growth: 38.51%
• Country: HK
• Employees: 3,304
• Sector: Communication Services
• Sector Strength: 83
• Industry: Broadcasting
• EPS (TTM): -1.07
• Shares Outstanding: 466,961,820
• 10 Day Avg. Volume: 481,030
• 30 Day Avg. Volume: 1,075,312
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• Price to Cash Flow (P/CF): 0.00
• P/FCF Ratio: 0.00
• 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: HK$3.80
• Price Target Upside: 18.75% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

Television Broadcasts Limited is facing significant financial challenges, including negative profitability and cash flow issues, which weigh heavily on its stock score. While there is some technical momentum, valuation concerns due to negative earnings and lack of dividends further depress the score. The absence of notable earnings call data or corporate events does not provide any additional positive or negative impact.

Television Broadcasts Limited Business Overview & Revenue Model

Company Description

Television Broadcasts Limited (TVB) is a leading television broadcasting company based in Hong Kong, known for its production and distribution of television programs and related media content. Established in 1967, TVB operates multiple free-to-air television channels, providing a wide range of entertainment, news, and informative programming. The company is renowned for its Cantonese-language dramas, variety shows, and news broadcasts, making it a significant player in the Asian media landscape.

How the Company Makes Money

TVB generates revenue primarily through advertising sales, leveraging its extensive viewership base across its free-to-air channels to attract advertisers seeking to reach diverse audiences. Subscription fees from its pay-TV services and digital platforms, including myTV SUPER, contribute to its revenue stream, offering viewers on-demand access to TVB's vast content library. The company also earns income from content licensing and distribution deals, enabling it to monetize its programming across international markets. Additionally, TVB engages in partnerships and collaborations with other media entities to expand its content reach and maximize revenue opportunities.

Television Broadcasts Limited Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
3.32B	3.59B	2.90B	2.72B	3.65B
	Gross Profit
1.02B	1.01B	721.83M	847.23M	1.48B
	EBIT
-497.81M	-978.09M	-813.86M	-541.80M	17.02M
	EBITDA
-298.35M	-454.24M	-240.87M	152.34M	295.10M
	Net Income Common Stockholders
-762.80M	-807.13M	-646.74M	-280.88M	-294.93M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
787.28M	1.09B	1.22B	3.42B	1.38B
	Total Assets
6.25B	7.05B	7.65B	9.83B	8.60B
	Total Debt
2.33B	2.26B	2.06B	3.79B	2.28B
	Net Debt
1.67B	1.30B	883.99M	2.45B	1.18B
	Total Liabilities
3.51B	3.44B	3.06B	4.53B	3.01B
	Stockholders Equity
2.72B	3.50B	4.36B	5.13B	5.45B
Cash Flow		Free Cash Flow
-293.56M	-545.93M	-525.88M	-165.37M	447.21M
	Operating Cash Flow
-154.50M	-370.61M	-344.50M	4.26M	793.26M
	Investing Cash Flow
-126.74M	149.03M	2.04B	-1.22B	461.97M
	Financing Cash Flow
181.52M	-125.07M	-1.87B	1.42B	-1.27B

Television Broadcasts Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3.20
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0511, the sentiment is Positive. The current price of 3.2 is above the 20-day moving average (MA) of 2.93, above the 50-day MA of 3.07, and above the 200-day MA of 3.14, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 63.40 is Neutral, neither overbought nor oversold. The STOCH value of 82.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:0511.

Television Broadcasts Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6823	77 Outperform	HK$83.53B	16.47	13.76%	8.17%	1.23%	1.58%
1044	64 Neutral	$24.11B	9.50	11.12%	7.18%	-6.53%	-18.43%
Sector *	59 Neutral	$13.76B	7.64	-1.94%	3.86%	2.38%	-36.56%
0511	48 Neutral	HK$1.49B	―	-19.86%	―	-1.95%	38.51%
1300	46 Neutral	HK$546.41M	―	-0.23%	―	-1.80%	61.90%
1003	43 Neutral	HK$1.35B	―		―	―	―
1097	21 Underperform	$164.10M	―		―	-2.24%	6.05%

Television Broadcasts Limited Corporate Events

TVB Reports Stable Q1 Performance with Growth Prospects

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 Announces 2025 AGM and Share Issuance Plans

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 Grants Share Options to Directors and Employees

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 Reports Positive 2024 Financial Results Amid Strategic Streamlining

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.

Television Broadcasts Limited Schedules Board Meeting for Annual Results Approval

Television Broadcasts Limited has announced that its board of directors will meet on March 26, 2025, to approve the annual results for the year ended December 31, 2024, and to consider the payment of a final dividend. This meeting is significant as it will determine the company’s financial performance and potential returns to shareholders, impacting its market position and stakeholder interests.