(TFI) Television Francaise 1 - Overview
Sector: Communication Services | Industry: Broadcasting | Exchange: PA (France) | Market Cap: 1.409m EUR | Total Return: -17.1% in 12m
Avg Turnover: 1.63M
EPS Trend: 42.2%
Rev. Trend: -25.9%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Television Francaise 1 SA (TFI) is a French media group operating primarily in television broadcasting, content production, and digital streaming. The company is structured into two main divisions: Media and Studio TF1. The Media segment manages a portfolio of television channels and the TF1+ streaming platform, generating revenue through traditional advertising negotiations and programmatic auctions. The Studio TF1 segment focuses on the lifecycle of audiovisual rights, covering the creation, acquisition, and international distribution of films, scripted drama, and unscripted programming.
The company operates within a highly regulated French broadcasting environment that mandates specific investment quotas in local content production. As a major European broadcaster, TFI faces a structural shift in the sector as traditional linear television advertising revenue increasingly competes with global Subscription Video on Demand (SVOD) services. To mitigate this, the business model has evolved to emphasize multi-channel distribution and digital ad-supported streaming. Investors may find ValueRay useful for deeper quantitative analysis of these market trends.
Incorporated in 1982 and headquartered in Boulogne-Billancourt, TFI maintains a vertically integrated presence in the audiovisual value chain. This integration allows the firm to capture value from initial content development through to final broadcast and secondary rights licensing.
- French advertising market volatility impacts core television broadcasting revenue streams
- Streaming platform TF1+ user growth drives digital advertising revenue expansion
- Content production costs at Newen Studios influence consolidated operating margins
- French media regulations and broadcasting license renewals dictate long-term operational stability
- Competition from global streaming giants pressures traditional linear viewership shares
| Net Income: 142.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA -1.10 > 1.0 |
| NWC/Revenue: 35.29% < 20% (prev 34.59%; Δ 0.70% < -1%) |
| CFO/TA 0.12 > 3% & CFO 454.7m > Net Income 142.3m |
| Net Debt (-457.3m) to EBITDA (575.5m): -0.79 < 3 |
| Current Ratio: 1.50 > 1.5 & < 3 |
| Outstanding Shares: last quarter (213.5m) vs 12m ago 1.19% < -2% |
| Gross Margin: 35.87% > 18% (prev 0.51%; Δ 3.54k% > 0.5%) |
| Asset Turnover: 57.71% > 50% (prev 59.59%; Δ -1.88% > 0%) |
| Interest Coverage Ratio: 10.59 > 6 (EBITDA TTM 575.5m / Interest Expense TTM 15.2m) |
| A: 0.21 (Total Current Assets 2.37b - Total Current Liabilities 1.58b) / Total Assets 3.82b |
| B: 0.00 (Retained Earnings 4.30m / Total Assets 3.82b) |
| C: 0.04 (EBIT TTM 161.0m / Avg Total Assets 3.90b) |
| D: 0.03 (Book Value of Equity 46.5m / Total Liabilities 1.71b) |
| Altman-Z'' = 1.67 = BB |
| DSRI: 0.95 (Receivables 1.05b/1.17b, Revenue 2.25b/2.37b) |
| GMI: 1.43 (GM 35.87% / 51.12%) |
| AQI: 1.06 (AQ_t 0.31 / AQ_t-1 0.30) |
| SGI: 0.95 (Revenue 2.25b / 2.37b) |
| TATA: -0.08 (NI 142.3m - CFO 454.7m) / TA 3.82b) |
| Beneish M = -2.77 (Cap -4..+1) = A |
As of May 24, 2026, the stock is trading at EUR 6.83 with a total of 315,745 shares traded.
Over the past week, the price has changed by -0.51%,
over one month by +0.00%,
over three months by +4.51% and
over the past year by -17.06%.
Television Francaise 1 has no consensus analysts rating.
P/E Trailing = 10.0
P/E Forward = 11.8343
P/S = 0.6273
P/B = 0.6883
P/EG = 6.3603
Revenue TTM = 2.25b EUR
EBIT TTM = 161.0m EUR
EBITDA TTM = 575.5m EUR
Long Term Debt = 26.6m EUR (from longTermDebt, last quarter)
Short Term Debt = 133.8m EUR (from shortTermDebt, last quarter)
Debt = 260.7m EUR (from shortLongTermDebtTotal, last quarter) + Leases 54.3m
Net Debt = -457.3m EUR (calculated: Debt 260.7m - CCE 718.0m)
Enterprise Value = 951.3m EUR (1.41b + Debt 260.7m - CCE 718.0m)
Interest Coverage Ratio = 10.59 (Ebit TTM 161.0m / Interest Expense TTM 15.2m)
EV/FCF = 9.24x (Enterprise Value 951.3m / FCF TTM 103.0m)
FCF Yield = 10.83% (FCF TTM 103.0m / Enterprise Value 951.3m)
FCF Margin = 4.58% (FCF TTM 103.0m / Revenue TTM 2.25b)
Net Margin = 6.33% (Net Income TTM 142.3m / Revenue TTM 2.25b)
Gross Margin = 35.87% ((Revenue TTM 2.25b - Cost of Revenue TTM 1.44b) / Revenue TTM)
Gross Margin QoQ = 61.03% (prev 13.77%)
Tobins Q-Ratio = 0.25 (Enterprise Value 951.3m / Total Assets 3.82b)
Interest Expense / Debt = 5.83% (Interest Expense 15.2m / Debt 260.7m)
Taxrate = 27.97% (64.1m / 229.2m)
NOPAT = 116.0m (EBIT 161.0m * (1 - 27.97%))
Current Ratio = 1.50 (Total Current Assets 2.37b / Total Current Liabilities 1.58b)
Debt / Equity = 0.13 (Debt 260.7m / totalStockholderEquity, last quarter 2.06b)
Debt / EBITDA = -0.79 (Net Debt -457.3m / EBITDA 575.5m)
Debt / FCF = -4.44 (Net Debt -457.3m / FCF TTM 103.0m)
Total Stockholder Equity = 2.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.65% (Net Income 142.3m / Total Assets 3.82b)
RoE = 7.00% (Net Income TTM 142.3m / Total Stockholder Equity 2.03b)
RoCE = 7.82% (EBIT 161.0m / Capital Employed (Equity 2.03b + L.T.Debt 26.6m))
RoIC = 4.88% (NOPAT 116.0m / Invested Capital 2.38b)
WACC = 6.41% (E(1.41b)/V(1.67b) * Re(6.82%) + D(260.7m)/V(1.67b) * Rd(5.83%) * (1-Tc(0.28)))
Discount Rate = 6.82% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 35.96 | Cagr: 0.55%
[DCF] Terminal Value 73.10% ; FCFF base≈122.0m ; Y1≈107.0m ; Y5≈86.4m
[DCF] Fair Price = 8.77 (EV 1.39b - Net Debt -457.3m = Equity 1.84b / Shares 210.2m; r=8.35% [WACC [floored]]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 42.21 | EPS CAGR: 6.52% | SUE: N/A | # QB: 0
Revenue Correlation: -25.89 | Revenue CAGR: -0.45% | SUE: -0.03 | # QB: 0
EPS current Year (2026-12-31): EPS=0.54 | Chg30d=-1.61% | Revisions=+0% | GrowthEPS=-27.6% | GrowthRev=-3.2%
EPS next Year (2027-12-31): EPS=0.54 | Chg30d=-1.83% | Revisions=-33% | GrowthEPS=-0.2% | GrowthRev=+1.6%
[Analyst] Revisions Ratio: -33%