Television Broadcasts Limited (0511.HK)
Television Broadcasts Limited, established in 1967 and headquartered in Kowloon, Hong Kong, functions as a diversified media company. Its core operations revolve around traditional terrestrial television broadcasting, content creation, and a broad spectrum of other television-related endeavors. The company segments its business into several distinct areas: The Hong Kong TV Broadcasting division is responsible for transmitting television programs and advertisements via terrestrial networks, generating original productions, managing social media presence, and engaging in music entertainment, event organization, and digital marketing efforts. Its Over-The-Top (OTT) Streaming segment delivers digital streaming services and operates associated web portals. The e-Commerce Business segment oversees online retail platforms, including Ztore, Neigbuy, and Big Big Shop. Mainland China Operations involve collaborative drama productions and the distribution of television content and channels to various telecast, video, and media providers across Mainland China. Globally, the International Operations segment offers pay television and OTT services to subscribers, alongside distributing TV programs and channels to operators in regions such as Malaysia, Singapore, and other international markets. Beyond these primary segments, the company provides a wide array of auxiliary services. These include agency roles for advertising design, production, and exhibition, as well as film rights and management. It also offers consultancy and management services to artists, engages in the production, publication, and licensing of musical works, and sells recorded music. Additionally, it provides corporate finance services, produces and distributes feature films for theatrical release, supplies satellite and subscription television programming, and manages program licensing and dealership. Further activities extend to providing programs and marketing materials, property investments, and online grocery sales.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.39% | -4.17% | -8.00% | -16.78% | -19.68% | -17.32% | -20.94% | -50.68% | -67.35% | -90.54% | -95.16% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 0 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Broadcasting: +0.6%-2.0% Q4'25: -3.8% (vs Q4'23)
-
EPS growth Broadcasting: +26.7%+111.9% ★ Q4'25: +144.4% (vs Q4'23)
-
FCF margin FCF growth · Broadcasting: +22.9%-0.2% Q4'25: +9.3% (vs Q4'23)
-
EBIT margin Broadcasting: +5.6%+4.2% Q4'25: +11.7% (vs Q4'23)
-
ROIC Broadcasting: +2.6%+2.7% ★ Q4'25: +22.1% (vs Q4'23)
-
Share dilution Broadcasting: 0.0%+4.1% Q4'25: +6.6% (vs Q4'23)
-
Debt / EBITDA Net debt/EBITDA · Broadcasting: -1.02×7.63× Q4'25: 2.11× (vs Q4'23)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 2 Rev. Ana. 2 EPS Ana. |
Dec 2027 2 Rev. Ana. 2 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
4.45B
est: 4.65B (-4.3%)
|
4.21B
est: 4.24B (-0.6%)
|
4.34B
est: 4.36B (-0.5%)
|
4.48B
est: 4.67B (-4.1%)
|
3.65B
est: 4.44B (-17.7%)
|
2.72B
est: 2.62B (+4.0%)
|
2.90B
est: 3.40B (-14.7%)
|
3.59B
est: 4.26B (-15.9%)
|
3.32B
est: 3.23B (+3.0%)
|
3.26B
est: 3.27B (-0.3%)
|
3.19B
est: 3.37B (-5.1%)
|
3.49B
3.35B – 3.63B
+3.7% YoY
|
3.74B
3.54B – 3.94B
+7.1% YoY
|
3.99B
3.81B – 4.18B
+6.8% YoY
|
| EBITDA |
410.94M
est: -255.15M (+261.1%)
|
921.90M
est: -232.33M (+496.8%)
|
895.24M
est: -238.96M (+474.6%)
|
422.13M
est: -256.08M (+264.8%)
|
295.10M
est: -243.18M (+221.4%)
|
152.34M
est: -143.60M (+206.1%)
|
-240.87M
est: -186.34M (-29.3%)
|
-454.24M
est: -233.77M (-94.3%)
|
-298.35M
est: -176.83M (-68.7%)
|
-99.42M
est: 865.23M (-111.5%)
|
279.32M
est: 890.91M (-68.6%)
|
924.08M
886.55M – 961.61M
+3.7% YoY
|
989.75M
937.14M – 1.04B
+7.1% YoY
|
1.06B
1.01B – 1.11B
+6.8% YoY
|
| EBIT |
132.88M
est: -821.16M (+116.2%)
|
586.75M
est: -747.73M (+178.5%)
|
510.29M
est: -769.05M (+166.4%)
|
4.46M
est: -824.16M (+100.5%)
|
-135.04M
est: -782.63M (+82.7%)
|
-243.44M
est: -462.17M (+47.3%)
|
-654.27M
est: -599.72M (-9.1%)
|
-881.27M
est: -752.37M (-17.1%)
|
-671.78M
est: -569.11M (-18.0%)
|
-388.85M
est: 947.33M (-141.0%)
|
133.19M
est: 975.44M (-86.3%)
|
1.01B
970.67M – 1.05B
+3.7% YoY
|
1.08B
1.03B – 1.14B
+7.1% YoY
|
1.16B
1.10B – 1.21B
+6.8% YoY
|
| Net Income |
-4.28M
est: 1.25B (-100.3%)
|
499.95M
est: 564.16M (-11.4%)
|
243.62M
est: 371.79M (-34.5%)
|
-199.08M
est: 450.09M (-144.2%)
|
-294.93M
est: 381.37M (-177.3%)
|
-280.88M
est: 417.26M (-167.3%)
|
-646.74M
est: 520.46M (-224.3%)
|
-807.13M
|
-762.80M
est: -533.92M (-42.9%)
|
-491.05M
est: -112.07M (-338.2%)
|
59.29M
est: 65.37M (-9.3%)
|
189.46M
186.43M – 192.48M
+189.8% YoY
|
223.18M
203.35M – 243.00M
+17.8% YoY
|
270.90M
254.31M – 287.49M
+21.4% YoY
|
| SGA |
1.43B
est: 2.25B (-36.3%)
|
1.59B
est: 2.04B (-22.3%)
|
1.65B
est: 2.10B (-21.4%)
|
1.72B
est: 2.25B (-23.4%)
|
1.53B
est: 2.14B (-28.4%)
|
1.39B
est: 1.26B (+9.9%)
|
1.53B
est: 1.64B (-6.7%)
|
1.78B
est: 2.06B (-13.6%)
|
1.54B
est: 1.56B (-0.8%)
|
1.35B
est: 1.50B (-10.0%)
|
1.25B
est: 1.54B (-19.3%)
|
1.60B
1.54B – 1.67B
+3.7% YoY
|
1.71B
1.62B – 1.81B
+7.1% YoY
|
1.83B
1.75B – 1.92B
+6.8% YoY
|
| EPS |
-0.01
est: 2.78 (-100.4%)
|
0.98
est: 1.26 (-22.1%)
|
0.56
est: 0.83 (-32.4%)
|
-0.45
est: 1.00 (-144.9%)
|
-0.67
est: 0.85 (-178.8%)
|
-0.64
est: 0.93 (-168.8%)
|
-1.48
est: 1.16 (-227.6%)
|
-1.84
|
-1.74
est: -1.19 (-46.2%)
|
-1.09
est: -0.24 (-354.2%)
|
0.13
est: 0.14 (-7.1%)
|
0.41
0.40 – 0.41
+189.8% YoY
|
0.48
0.44 – 0.52
+17.8% YoY
|
0.58
0.54 – 0.62
+21.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-28 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-27 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-26 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-22 | B- | 3/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-21 | B- | 3/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-20 | B- | 3/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-19 | B- | 3/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-18 | B- | 3/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-15 | B- | 3/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-14 | B- | 3/5 | 1/5 | 3/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-13 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-12 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-11 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-08 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-07 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-06 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-05 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-04 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-30 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-29 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-28 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-27 | B- | 2/5 | 1/5 | 2/5 | 3/5 | 2/5 | 2/5 | 4/5 |
| 2026-04-24 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-23 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-22 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-21 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-20 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-17 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-16 | B- | 2/5 | 1/5 | 2/5 | 4/5 | 1/5 | 2/5 | 4/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Avantis International Small Cap Equity ETF AVDS | 0.00% | 11.2K | 0.30% |
| 2 | Vanguard FTSE All-World ex-US Small-Cap ETF VSS | 0.00% | 391.7K | 0.06% |
| 3 | Dimensional - International Small Cap ETF DFIS | 0.00% | 155.3K | 0.39% |
| 4 | Dimensional - International Small Cap Value ETF DISV | 0.00% | 55.5K | 0.42% |
| 5 | Vanguard FTSE Pacific ETF VPL | 0.00% | 141.8K | 0.07% |
| 6 | Dimensional - International Core Equity 2 ETF DFIC | 0.00% | 129.7K | 0.22% |
| 7 | Vanguard FTSE Developed Asia Pacific All Cap Index ETF VA.TO | 0.00% | 1.7K | 0.22% |
| 8 | Avantis Responsible International Equity ETF AVSD | 0.00% | 3.3K | 0.23% |
| 9 | Vanguard ESG International Stock ETF VSGX | 0.00% | 34.4K | 0.10% |
| 10 | Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) VI.TO | 0.00% | 3.2K | 0.22% |
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Lai Chun Tsang | Executive Director | 5M | female |
| To Hui | Executive Chairman | 865.0K | male |
| Hock Lye Lee | Chief Financial Officer & Head of Corporate Development | — | male |
| Lai Yi Lee | Company Secretary | — | female |
| Sai Wo Siu | General Manager of Business Operations | — | male |
| Shu Hung Chan | Deputy GM of Legal & International Operations | — | male |
| Tak Wei Wong | Assistant General Manager of Corporate Communications | — | female |
| Wai Kwong Tse | Assistant General Manager of Human and Production Resources | — | male |
| Chit Ching | Group Chief Technology Officer | — | male |
| Winnie W. Fan | Head of Investor Relations | — | — |
| Hadassa Gerber | Chief Research Officer & Senior Vice President | — | — |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for 0511.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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