GRUPO TELEVISA, S.A.B. |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 10.77 MXN | +6.21% |
|
+12.89% | -5.03% |
| Apr. 26 | Televisa to merge its satellite TV, cable units 'as soon as possible' | RE |
| Apr. 25 | Mexico's Televisa swings to $58 mln profit, but revenue underperforms | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 127,892 | 92,327 | 107,948 | 50,051 | 31,580 | 29,822 | - | - |
| Enterprise Value (EV) 1 | 221,625 | 195,003 | 217,631 | 112,530 | 94,822 | 90,463 | 79,948 | 72,862 |
| P/E ratio | 27.2 x | -106 x | 20 x | 1.16 x | -3.1 x | 11.9 x | 215 x | 15 x |
| Yield | 0.79% | 1.07% | 0.91% | 1.98% | 3.09% | 3.25% | 3.25% | 3.25% |
| Capitalization / Revenue | 1.26 x | 0.95 x | 1.04 x | 0.66 x | 0.43 x | 0.45 x | 0.44 x | 0.44 x |
| EV / Revenue | 2.18 x | 2 x | 2.1 x | 1.49 x | 1.29 x | 1.37 x | 1.17 x | 1.08 x |
| EV / EBITDA | 5.8 x | 5.15 x | 4.99 x | 4.41 x | 3.92 x | 3.93 x | 3.31 x | 2.99 x |
| EV / FCF | 25.2 x | 15 x | 35.5 x | -23.2 x | 233 x | -16.8 x | 10.3 x | 8.35 x |
| FCF Yield | 3.97% | 6.68% | 2.82% | -4.31% | 0.43% | -5.95% | 9.69% | 12% |
| Price to Book | 1.41 x | 1.24 x | 1.35 x | 0.39 x | 0.26 x | 0.26 x | 0.25 x | 0.26 x |
| Nbr of stocks (in thousands) | 2,882,400 | 2,820,007 | 2,800,200 | 2,824,548 | 2,784,876 | 2,769,030 | - | - |
| Reference price 2 | 44.37 | 32.74 | 38.55 | 17.72 | 11.34 | 10.77 | 10.77 | 10.77 |
| 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 | 65,959 | 68,279 | 67,209 |
| EBITDA 1 | 38,218 | 37,876 | 43,602 | 25,505 | 24,218 | 23,026 | 24,142 | 24,353 |
| EBIT 1 | 17,209 | 16,616 | 22,183 | 4,388 | 2,664 | 1,793 | 3,932 | 5,078 |
| Operating Margin | 16.96% | 17.07% | 21.43% | 5.81% | 3.61% | 2.72% | 5.76% | 7.56% |
| 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 | 2,339 | 1,562 | 2,859 |
| Net margin | 4.65% | -0.92% | 5.2% | 57.13% | -13.88% | 3.55% | 2.29% | 4.25% |
| EPS 2 | 1.630 | -0.3100 | 1.930 | 15.25 | -3.660 | 0.9033 | 0.0500 | 0.7183 |
| Free Cash Flow 1 | 8,797 | 13,029 | 6,128 | -4,848 | 407.3 | -5,385 | 7,746 | 8,730 |
| FCF margin | 8.67% | 13.38% | 5.92% | -6.42% | 0.55% | -8.16% | 11.34% | 12.99% |
| FCF Conversion (EBITDA) | 23.02% | 34.4% | 14.06% | - | 1.68% | - | 32.09% | 35.85% |
| FCF Conversion (Net income) | 186.3% | - | 113.77% | - | - | - | 496.01% | 305.32% |
| Dividend per Share 2 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 0.3500 | 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 Q3 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 26,128 | 28,812 | 18,609 | 18,534 | 19,252 | 19,132 | 18,520 | 18,520 | 18,316 | 18,412 | 15,951 | 16,194 | 16,344 | 16,463 | 19,579 |
| EBITDA 1 | 10,179 | 15,502 | 6,715 | 6,760 | 6,654 | 5,539 | 6,515 | 6,347 | 5,467 | 5,889 | 5,668 | 5,631 | 5,518 | 5,691 | 7,118 |
| EBIT 1 | 4,831 | 9,826 | 1,637 | 1,552 | 1,362 | -163.9 | 1,204 | 992.2 | -77.1 | 544.8 | 632.7 | 320.8 | 644.6 | 470.4 | 2,627 |
| Operating Margin | 18.49% | 34.1% | 8.8% | 8.37% | 7.08% | -0.86% | 6.5% | 5.36% | -0.42% | 2.96% | 3.97% | 1.98% | 3.94% | 2.86% | 13.42% |
| Earnings before Tax (EBT) 1 | 1,179 | 9,101 | -2,787 | 4,701 | 914.8 | -16,090 | - | 265.6 | -76.2 | -7,462 | 1,436 | -965.5 | -580.9 | 112.3 | 1,182 |
| Net income 1 | 760.6 | 3,029 | 52,642 | 3,140 | 1,118 | -13,750 | -788.9 | 133.5 | -918.5 | -8,662 | 951.8 | -313 | 421 | 779 | - |
| Net margin | 2.91% | 10.51% | 282.88% | 16.94% | 5.81% | -71.87% | -4.26% | 0.72% | -5.01% | -47.04% | 5.97% | -1.93% | 2.58% | 4.73% | - |
| EPS 2 | 0.2800 | 1.080 | 18.68 | 1.110 | 0.4000 | - | -0.2800 | 0.0500 | -0.3300 | -3.100 | 0.3500 | -0.0800 | 0.0800 | 0.1000 | - |
| Dividend per Share | - | 0.3500 | - | 0.3500 | - | - | - | 0.3500 | - | - | - | - | - | - | - |
| Announcement Date | 10/21/21 | 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 | 60,641 | 50,125 | 43,039 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.453 x | 2.711 x | 2.516 x | 2.45 x | 2.611 x | 2.634 x | 2.076 x | 1.767 x |
| Free Cash Flow 1 | 8,797 | 13,029 | 6,128 | -4,848 | 407 | -5,385 | 7,746 | 8,730 |
| ROE (net income / shareholders' equity) | 5.24% | -1.08% | 7% | -12.2% | -8.27% | -0.81% | 0.81% | 2.55% |
| ROA (Net income/ Total Assets) | 1.61% | -0.31% | 1.91% | -4.31% | -3.64% | -0.36% | 0.07% | 0.9% |
| Assets 1 | 293,791 | 287,839 | 282,075 | -1,001,548 | 280,890 | -646,005 | 2,263,301 | 317,704 |
| 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 | 13,137 | 13,697 | 13,095 |
| Capex / Sales | 18.83% | 20.68% | 22.48% | 22.93% | 19.94% | 19.92% | 20.06% | 19.48% |
| 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
10
Last Close Price
10.77
MXN
Average target price
15.84
MXN
Spread / Average Target
+47.05%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -5.03% | 1.74B | |
| +24.85% | 207B | |
| +9.98% | 16.08B | |
| -19.47% | 8.36B | |
| -15.67% | 7.93B | |
| 0.00% | 4.58B | |
| +37.01% | 4.24B | |
| +11.41% | 3.5B | |
| +0.19% | 3.4B | |
| +46.62% | 2.68B |
- Stock Market
- Equities
- TLEVISA CPO Stock
- Financials Grupo Televisa, S.A.B.
