GRUPO TELEVISA, S.A.B. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 11.11 MXN | -0.27% |
|
-0.27% | -2.03% |
| Apr. 26 | Televisa to merge its satellite TV, cable units 'as soon as possible' | RE |
| Apr. 26 | Transcript : Grupo Televisa, S.A.B., Q1 2024 Earnings Call, Apr 26, 2024 |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 127,892 | 92,327 | 107,948 | 50,051 | 31,580 | 30,636 | - | - |
| Enterprise Value (EV) 1 | 221,625 | 195,003 | 217,631 | 112,530 | 94,822 | 89,209 | 80,141 | 73,309 |
| P/E ratio | 27.2 x | -106 x | 20 x | 1.16 x | -3.1 x | 9.87 x | 20.9 x | 10.7 x |
| Yield | 0.79% | 1.07% | 0.91% | 1.98% | 3.09% | 2.96% | 3.36% | 3.15% |
| Capitalization / Revenue | 1.26 x | 0.95 x | 1.04 x | 0.66 x | 0.43 x | 0.47 x | 0.46 x | 0.46 x |
| EV / Revenue | 2.18 x | 2 x | 2.1 x | 1.49 x | 1.29 x | 1.38 x | 1.21 x | 1.11 x |
| EV / EBITDA | 5.8 x | 5.15 x | 4.99 x | 4.41 x | 3.92 x | 3.85 x | 3.37 x | 3.07 x |
| EV / FCF | 25.2 x | 15 x | 35.5 x | -23.2 x | 233 x | 14.6 x | 14.5 x | 10.4 x |
| FCF Yield | 3.97% | 6.68% | 2.82% | -4.31% | 0.43% | 6.87% | 6.9% | 9.59% |
| Price to Book | 1.41 x | 1.24 x | 1.35 x | 0.39 x | 0.26 x | 0.26 x | 0.26 x | 0.27 x |
| Nbr of stocks (in thousands) | 2,882,400 | 2,820,007 | 2,800,200 | 2,824,548 | 2,784,876 | 2,757,508 | - | - |
| Reference price 2 | 44.37 | 32.74 | 38.55 | 17.72 | 11.34 | 11.11 | 11.11 | 11.11 |
| Announcement Date | 2/20/20 | 2/19/21 | 2/24/22 | 2/23/23 | 2/23/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 101,492 | 97,362 | 103,522 | 75,527 | 73,768 | 64,843 | 66,456 | 66,199 |
| EBITDA 1 | 38,218 | 37,876 | 43,602 | 25,505 | 24,218 | 23,147 | 23,769 | 23,879 |
| EBIT 1 | 17,209 | 16,616 | 22,183 | 4,388 | 2,664 | 3,904 | 4,038 | 5,091 |
| Operating Margin | 16.96% | 17.07% | 21.43% | 5.81% | 3.61% | 6.02% | 6.08% | 7.69% |
| Earnings before Tax (EBT) 1 | 8,979 | 5,679 | 14,072 | -13,261 | -8,171 | -3,068 | 2,891 | 857.3 |
| Net income 1 | 4,722 | -892.3 | 5,386 | 43,151 | -10,236 | 3,216 | 1,776 | 3,247 |
| Net margin | 4.65% | -0.92% | 5.2% | 57.13% | -13.88% | 4.96% | 2.67% | 4.91% |
| EPS 2 | 1.630 | -0.3100 | 1.930 | 15.25 | -3.660 | 1.126 | 0.5306 | 1.042 |
| Free Cash Flow 1 | 8,797 | 13,029 | 6,128 | -4,848 | 407.3 | 6,130 | 5,530 | 7,027 |
| FCF margin | 8.67% | 13.38% | 5.92% | -6.42% | 0.55% | 9.45% | 8.32% | 10.61% |
| FCF Conversion (EBITDA) | 23.02% | 34.4% | 14.06% | - | 1.68% | 26.48% | 23.27% | 29.43% |
| FCF Conversion (Net income) | 186.3% | - | 113.77% | - | - | 190.59% | 311.46% | 216.4% |
| Dividend per Share 2 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3289 | 0.3730 | 0.3500 |
| Announcement Date | 2/20/20 | 2/19/21 | 2/24/22 | 2/23/23 | 2/23/24 | - | - | - |
1MXN in Million2MXN
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,812 | 18,609 | 18,534 | 19,252 | 19,132 | 18,520 | 18,520 | 18,316 | 18,412 | 15,951 | 15,831 | 15,836 | 16,095 | 17,738 | 19,557 |
| EBITDA 1 | 15,502 | 6,715 | 6,760 | 6,654 | 5,539 | 6,515 | 6,347 | 5,467 | 5,889 | 5,668 | 5,497 | 5,384 | 5,410 | 7,118 | 7,298 |
| EBIT 1 | 9,826 | 1,637 | 1,552 | 1,362 | -163.9 | 1,204 | 992.2 | -77.1 | 544.8 | 632.7 | 212.2 | 912.4 | 540.3 | 1,817 | 2,762 |
| Operating Margin | 34.1% | 8.8% | 8.37% | 7.08% | -0.86% | 6.5% | 5.36% | -0.42% | 2.96% | 3.97% | 1.34% | 5.76% | 3.36% | 10.24% | 14.12% |
| Earnings before Tax (EBT) 1 | 9,101 | -2,787 | 4,701 | 914.8 | -16,090 | - | 265.6 | -76.2 | -7,462 | 1,436 | -965.5 | -580.9 | -51.25 | 1,182 | 1,557 |
| Net income 1 | 3,029 | 52,642 | 3,140 | 1,118 | -13,750 | -788.9 | 133.5 | -918.5 | -8,662 | 951.8 | -260.3 | 128.4 | 159.2 | - | - |
| Net margin | 10.51% | 282.88% | 16.94% | 5.81% | -71.87% | -4.26% | 0.72% | -5.01% | -47.04% | 5.97% | -1.64% | 0.81% | 0.99% | - | - |
| EPS 2 | 1.080 | 18.68 | 1.110 | 0.4000 | - | -0.2800 | 0.0500 | -0.3300 | -3.100 | 0.3500 | -0.1600 | 0.0700 | 0.1200 | 0.0100 | - |
| Dividend per Share | 0.3500 | - | 0.3500 | - | - | - | 0.3500 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 4/26/22 | 7/26/22 | 10/27/22 | 2/23/23 | 4/25/23 | 7/26/23 | 10/26/23 | 2/23/24 | 4/25/24 | - | - | - | - | - |
1MXN in Million2MXN
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 93,733 | 102,676 | 109,683 | 62,479 | 63,241 | 58,573 | 49,505 | 42,673 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.453 x | 2.711 x | 2.516 x | 2.45 x | 2.611 x | 2.531 x | 2.083 x | 1.787 x |
| Free Cash Flow 1 | 8,797 | 13,029 | 6,128 | -4,848 | 407 | 6,130 | 5,530 | 7,027 |
| ROE (net income / shareholders' equity) | 5.24% | -1.08% | 7% | -12.2% | -8.27% | -0.11% | 1.12% | 2.65% |
| ROA (Net income/ Total Assets) | 1.61% | -0.31% | 1.91% | -4.31% | -3.64% | -0.51% | -0.18% | 0.71% |
| Assets 1 | 293,791 | 287,839 | 282,075 | -1,001,548 | 280,890 | -631,262 | -1,003,119 | 459,297 |
| Book Value Per Share 2 | 31.40 | 26.40 | 28.60 | 45.30 | 43.10 | 42.00 | 43.50 | 40.70 |
| Cash Flow per Share 2 | 9.680 | 11.90 | 10.50 | 4.410 | 5.440 | 6.570 | 7.510 | 6.790 |
| Capex 1 | 19,109 | 20,132 | 23,268 | 17,315 | 14,708 | 13,174 | 13,104 | 12,572 |
| Capex / Sales | 18.83% | 20.68% | 22.48% | 22.93% | 19.94% | 20.32% | 19.72% | 18.99% |
| Announcement Date | 2/20/20 | 2/19/21 | 2/24/22 | 2/23/23 | 2/23/24 | - | - | - |
1MXN in Million2MXN
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
11.11
MXN
Average target price
21.09
MXN
Spread / Average Target
+89.81%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.03% | 1.83B | |
| +14.49% | 188B | |
| +13.37% | 16.62B | |
| -14.54% | 8.8B | |
| -14.66% | 8.04B | |
| 0.00% | 4.75B | |
| +22.51% | 3.89B | |
| +23.19% | 3.97B | |
| +6.63% | 3.62B | |
| +44.41% | 2.72B |
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