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Television Broadcasts Limited (0511.HK)

HKD2.34 -0.04 (-1.68%)
HK HKSE Communication Services Broadcasting
Address TVB City
Kowloon, HK
CEO To Hui
IPO 1988-11-23
ISIN HK0000139300

Explore sections of this company profile

Also trades on Hong Kong Stock Exchange · 0511.HK (HKD) Other OTC · TVBCF (USD) Other OTC · TVBCY (USD)
Description

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.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD2.34 -0.04 (-1.68%)
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Volume Profile
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Liquidity & share structure
Average Volume
590.8K
Beta
0.91
Float Shares
350.04M
Free Float %
75.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.39% -4.17% -8.00% -16.78% -19.68% -17.32% -20.94% -50.68% -67.35% -90.54% -95.16%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2.34
DCF (Unlevered) 46.03 +1,867.0%
DCF (Levered) 38.53 +1,546.7%

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.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.29
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • 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)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* 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.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.90) × ERP
WACC = 36% × Ke + 64% × Kd (5.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 46.08 Current price: 2.34
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
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
Historical Ratings (3M)
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

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
45.32M
OE per share TTM
0.08
Owner's Yield
3.84%
Maintenance CapEx ratio
31.22%
Maint CapEx / Avg PPE
39.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 25 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
40.3K
Shares Outstanding
466.96M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
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
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits