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TVA Group

TSX:TVA.B
Snowflake Description

Excellent balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TVA.B
TSX
CA$59M
Market Cap
  1. Home
  2. CA
  3. Media
Company description

TVA Group Inc. operates a communications company in Canada. The last earnings update was 16 days ago. More info.


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  • TVA Group has significant price volatility in the past 3 months.
TVA.B Share Price and Events
7 Day Returns
-2.1%
TSX:TVA.B
4%
CA Media
0.6%
CA Market
1 Year Returns
-35.4%
TSX:TVA.B
21%
CA Media
7.2%
CA Market
TVA.B Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TVA Group (TVA.B) -2.1% -0.7% -22.6% -35.4% -59% -81%
CA Media 4% 5.6% 8.7% 21% 21.3% 1.7%
CA Market 0.6% 3% 4.5% 7.2% 7.8% 8.2%
1 Year Return vs Industry and Market
  • TVA.B underperformed the Media industry which returned 21% over the past year.
  • TVA.B underperformed the Market in Canada which returned 7.2% over the past year.
Price Volatility
TVA.B
Industry
5yr Volatility vs Market

TVA.B Value

 Is TVA Group undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TVA Group to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TVA Group.

TSX:TVA.B Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 3 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 9.2%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.9%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:TVA.B
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.9%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.769 (1 + (1- 26.5%) (97.74%))
1.215
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.22
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.95% + (1.215 * 5.96%)
9.19%

Discounted Cash Flow Calculation for TSX:TVA.B using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for TVA Group is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TSX:TVA.B DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CAD, Millions) Source Present Value
Discounted (@ 9.19%)
2020 13.20 Analyst x1 12.09
2021 8.51 Est @ -35.56% 7.13
2022 6.44 Est @ -24.31% 4.95
2023 5.38 Est @ -16.43% 3.79
2024 4.79 Est @ -10.92% 3.09
2025 4.45 Est @ -7.06% 2.63
2026 4.26 Est @ -4.36% 2.30
2027 4.16 Est @ -2.47% 2.06
2028 4.11 Est @ -1.14% 1.86
2029 4.10 Est @ -0.22% 1.70
Present value of next 10 years cash flows CA$41.00
TSX:TVA.B DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= CA$4.10 × (1 + 1.95%) ÷ (9.19% – 1.95%)
CA$57.70
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CA$57.70 ÷ (1 + 9.19%)10
CA$23.95
TSX:TVA.B Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CA$41.00 + CA$23.95
CA$64.95
Equity Value per Share
(CAD)
= Total value / Shares Outstanding
= CA$64.95 / 43.21
CA$1.5
TSX:TVA.B Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.50
Current discount Discount to share price of CA$1.37
= -1 x (CA$1.37 - CA$1.50) / CA$1.50
8.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price TVA Group is available for.
Intrinsic value
9%
Share price is CA$1.37 vs Future cash flow value of CA$1.5
Current Discount Checks
For TVA Group to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • TVA Group's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • TVA Group's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TVA Group's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TVA Group's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:TVA.B PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in CAD CA$0.21
TSX:TVA.B Share Price ** TSX (2019-11-14) in CAD CA$1.37
Canada Media Industry PE Ratio Median Figure of 11 Publicly-Listed Media Companies 16.34x
Canada Market PE Ratio Median Figure of 514 Publicly-Listed Companies 14.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TVA Group.

TSX:TVA.B PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:TVA.B Share Price ÷ EPS (both in CAD)

= 1.37 ÷ 0.21

6.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TVA Group is good value based on earnings compared to the CA Media industry average.
  • TVA Group is good value based on earnings compared to the Canada market.
Price based on expected Growth
Does TVA Group's expected growth come at a high price?
Raw Data
TSX:TVA.B PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
Not available
Canada Media Industry PEG Ratio Median Figure of 5 Publicly-Listed Media Companies 21.38x
Canada Market PEG Ratio Median Figure of 236 Publicly-Listed Companies 1.01x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TVA Group, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TVA Group's assets?
Raw Data
TSX:TVA.B PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in CAD CA$6.28
TSX:TVA.B Share Price * TSX (2019-11-14) in CAD CA$1.37
Canada Media Industry PB Ratio Median Figure of 18 Publicly-Listed Media Companies 0.71x
Canada Market PB Ratio Median Figure of 2,290 Publicly-Listed Companies 1.29x
TSX:TVA.B PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:TVA.B Share Price ÷ Book Value per Share (both in CAD)

= 1.37 ÷ 6.28

0.22x

* Primary Listing of TVA Group.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TVA Group is good value based on assets compared to the CA Media industry average.
X
Value checks
We assess TVA Group's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. TVA Group has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TVA.B Future Performance

 How is TVA Group expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
26.6%
Expected annual growth in earnings per share.
Earnings growth vs Low Risk Savings
Is TVA Group expected to grow at an attractive rate?
  • TVA Group's earnings growth is expected to exceed the low risk savings rate of 1.9%.
Growth vs Market Checks
  • TVA Group's earnings growth is expected to exceed the Canada market average.
  • TVA Group's revenues are expected to decrease over the next 1-3 years, this is below the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:TVA.B Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:TVA.B Future Earnings per Share Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 26.6%
TSX:TVA.B Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts -3.1%
Canada Media Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
Canada Media Industry Revenue Growth Rate Market Cap Weighted Average 2.4%
Canada Market Earnings Growth Rate Market Cap Weighted Average 9.7%
Canada Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:TVA.B Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:TVA.B Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 515 1
2020-12-31 551 3
2019-12-31 560 3
2019-11-16
TSX:TVA.B Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-09-30 556 47 9
2019-06-30 558 35 10
2019-03-31 552 27 7
2018-12-31 552 25 8
2018-09-30 557 27 9
2018-06-30 570 51 -21
2018-03-31 582 47 -13
2017-12-31 590 33 -16
2017-09-30 604 36 -19
2017-06-30 595 24 -37
2017-03-31 586 25 -40
2016-12-31 591 42 -40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • TVA Group's earnings are expected to grow significantly at over 20% yearly.
  • TVA Group's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:TVA.B Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from TVA Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TVA.B Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31
2020-12-31 0.32 0.32 0.32 1.00
2019-12-31 0.26 0.26 0.26 1.00
2019-11-16
TSX:TVA.B Past Financials Data
Date (Data in CAD Millions) EPS *
2019-09-30 0.21
2019-06-30 0.23
2019-03-31 0.15
2018-12-31 0.19
2018-09-30 0.20
2018-06-30 -0.48
2018-03-31 -0.30
2017-12-31 -0.37
2017-09-30 -0.45
2017-06-30 -0.85
2017-03-31 -0.94
2016-12-31 -0.92

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TVA Group will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess TVA Group's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TVA Group has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TVA.B Past Performance

  How has TVA Group performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TVA Group's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • TVA Group has delivered over 20% year on year earnings growth in the past 5 years.
  • TVA Group's 1-year earnings growth is less than its 5-year average (5.3% vs 42.8%)
  • TVA Group's earnings growth has exceeded the CA Media industry average in the past year (5.3% vs -2.1%).
Earnings and Revenue History
TVA Group's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TVA Group Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:TVA.B Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 556.18 9.20 6.64
2019-06-30 557.98 9.93 15.41
2019-03-31 552.22 6.53 15.22
2018-12-31 551.91 8.31 14.76
2018-09-30 556.70 8.74 15.10
2018-06-30 570.07 -20.61 15.63
2018-03-31 582.42 -12.85 15.84
2017-12-31 589.71 -15.95 16.07
2017-09-30 603.97 -19.44 17.27
2017-06-30 594.78 -36.69 17.09
2017-03-31 586.47 -40.50 18.40
2016-12-31 590.87 -39.86 17.73
2016-09-30 586.77 -47.04 17.11
2016-06-30 593.70 -50.99 15.44
2016-03-31 608.90 -47.90 14.39
2015-12-31 589.89 -55.23 15.36
2015-09-30 554.26 -58.17 16.12
2015-06-30 510.26 -57.39 17.36
2015-03-31 460.53 -45.64 15.17
2014-12-31 439.34 -41.09 14.84
2014-09-30 429.57 -28.34 13.95
2014-06-30 437.26 13.65 13.77
2014-03-31 439.07 11.47 14.80
2013-12-31 444.82 15.75 15.71
2013-09-30 451.80 16.26 15.86
2013-06-30 446.75 11.47 13.99
2013-03-31 448.75 27.58 14.66
2012-12-31 453.15 -6.46 14.82

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TVA Group has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TVA Group used its assets less efficiently than the CA Media industry average last year based on Return on Assets.
  • TVA Group has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess TVA Group's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TVA Group has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TVA.B Health

 How is TVA Group's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up TVA Group's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • TVA Group's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • TVA Group's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of TVA Group's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TVA Group Company Filings, last reported 1 month ago.

TSX:TVA.B Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 272.38 45.80 5.35
2019-06-30 259.01 71.69 3.85
2019-03-31 265.05 72.27 2.86
2018-12-31 272.20 52.85 18.11
2018-09-30 262.61 55.62 20.04
2018-06-30 248.64 57.93 5.37
2018-03-31 258.38 60.21 1.97
2017-12-31 263.53 62.55 21.26
2017-09-30 253.34 65.03 25.15
2017-06-30 268.48 79.89 1.02
2017-03-31 270.18 81.68 2.19
2016-12-31 278.23 69.12 17.22
2016-09-30 249.57 70.44 19.26
2016-06-30 278.16 80.54 5.31
2016-03-31 291.15 83.99 4.67
2015-12-31 309.43 73.03 12.00
2015-09-30 313.53 74.11 12.90
2015-06-30 349.79 76.93 8.01
2015-03-31 351.82 74.01 20.85
2014-12-31 258.21 178.73
2014-09-30 271.39 74.79 10.28
2014-06-30 307.06 74.74 12.09
2014-03-31 297.90 74.69 3.56
2013-12-31 308.06 74.64 7.72
2013-09-30 291.46 74.59 7.16
2013-06-30 267.64 74.54 7.67
2013-03-31 260.66 74.74 3.23
2012-12-31 266.55 74.44 10.62
  • TVA Group's level of debt (16.8%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (28% vs 16.8% today).
  • Debt is well covered by operating cash flow (101.9%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 8.3x coverage).
X
Financial health checks
We assess TVA Group's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TVA Group has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TVA.B Dividends

 What is TVA Group's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TVA Group dividends.
If you bought CA$2,000 of TVA Group shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TVA Group's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TVA Group's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:TVA.B Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Canada Media Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 3%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:TVA.B Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31
2019-11-16
TSX:TVA.B Past Annualized Dividends Data
Date (Data in CA$) Dividend per share (annual) Avg. Yield (%)
2013-08-02 0.000 0.000
2013-05-07 0.000 0.000
2013-02-28 0.000 0.000
2012-11-05 0.000 0.000
2012-08-07 0.000 0.000
2012-05-08 0.000 0.000
2012-03-01 0.000 0.000
2011-08-08 0.000 0.000
2011-05-24 0.200 1.580
2011-03-07 0.200 1.401
2010-11-04 0.200 1.462
2010-08-05 0.200 1.615
2010-05-10 0.200 1.636
2010-03-08 0.200 1.354
2009-10-30 0.200 1.512
2009-07-31 0.200 1.734
2009-05-01 0.200 2.223
2009-02-17 0.200 2.543

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TVA Group has not reported any payouts.
  • Unable to verify if TVA Group's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TVA Group's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TVA Group has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TVA Group's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TVA Group afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TVA Group has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TVA.B Management

 What is the CEO of TVA Group's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
France Lauzière
COMPENSATION CA$908,475
AGE 52
TENURE AS CEO 2.1 years
CEO Bio

Ms. France Lauzière serves as President & CEO of TVA Group Inc. and Chief of Content- Quebecor Content at Quebecor Media Inc. and at Quebecor. Ms. Lauzière served as Senior Vice President of Quebecor Content at Quebecor Media Inc. since January 2013. Ms. Lauzière has been the Chief Executive Officer and President of TVA Group Inc. since October 13, 2017. She served as Vice President of Programming for TVA Group Inc. since February 2006 until October 13, 2017. She served as Senior Vice President of QMI Content at Quebecor Media Inc. since January 2013. Ms. Lauzière served as Vice-President of Programming, Branded and Content at TVA Group Inc. since February 2006. Ms. Lauzière served as a General Manager of Programming at TVA Group Inc. Ms. Lauzière first joined the TVA Group in 2001 where she served as Director of Variety and then General Manager of Programs. In 2007, she also took the responsibilities of managing TVA Productions. Two years later, she established a division called TVA Création. Ms. Lauzière is a Member of the Board of Factry. Her community engagement also includes serving as a Director of Mission du Dr Marsolais. In 2015, she was honoured by the Association Femmes du cinéma, de la télévision et des médias numériques.

CEO Compensation
  • France's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • France's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the TVA Group management team in years:

1.5
Average Tenure
56
Average Age
  • The average tenure for the TVA Group management team is less than 2 years, this suggests a new team.
Management Team

France Lauzière

TITLE
President & CEO
COMPENSATION
CA$908K
AGE
52
TENURE
2.1 yrs

Denis Rozon

TITLE
Vice President of Productions
COMPENSATION
CA$643K
TENURE
0.8 yrs

Michel Trudel

TITLE
President of MELS
COMPENSATION
CA$575K

Anick Dubois

TITLE
Vice President of Finance
TENURE
0.8 yrs

Veronique Mercier

TITLE
Vice President of Communications

Claude Foisy

TITLE
Vice President of Marketing

Jean-François Reid

TITLE
Vice-President of Human Resources

Marc Tremblay

TITLE
Corporate Secretary
AGE
58
TENURE
5.2 yrs

Dominique Poulin-Gouin

TITLE
Assistant Secretary
AGE
56

Emilie Duguay

TITLE
Assistant Secretary
Board of Directors Tenure

Average tenure and age of the TVA Group board of directors in years:

5.7
Average Tenure
67.5
Average Age
  • The tenure for the TVA Group board of directors is about average.
Board of Directors

Sylvie Lalande

TITLE
Independent Chairman
COMPENSATION
CA$150K
AGE
68
TENURE
5.7 yrs

A. Lavigne

TITLE
Independent Vice Chairman
COMPENSATION
CA$89K
AGE
69

Marc Courtois

TITLE
Independent Director
COMPENSATION
CA$81K
AGE
67
TENURE
16.5 yrs

Jacques Dorion

TITLE
Non-Independent Director
COMPENSATION
CA$63K
AGE
70
TENURE
5.3 yrs

Jean-Marc Léger

TITLE
Non-Independent Director
COMPENSATION
CA$63K
AGE
57
TENURE
12.5 yrs

Nathalie Elgrably-Lévy

TITLE
Independent Director
COMPENSATION
CA$63K
AGE
50
TENURE
11.8 yrs

Annick Mongeau

TITLE
Independent Director
COMPENSATION
CA$72K
AGE
44
TENURE
5.3 yrs

Daniel Paillé

TITLE
Independent Director
COMPENSATION
CA$75K
AGE
68
TENURE
2.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
X
Management checks
We assess TVA Group's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TVA Group has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TVA.B News

Simply Wall St News

TVA Group (TSE:TVA.B) Has A Somewhat Strained Balance Sheet

TSX:TVA.B Historical Debt, July 29th 2019 How Strong Is TVA Group's Balance Sheet? … So we clearly need to look at whether that EBIT is leading to corresponding free cash flow. … Over the most recent three years, TVA Group recorded free cash flow worth 63% of its EBIT, which is around normal, given free cash flow excludes interest and tax.

Simply Wall St -

Why TVA Group Inc.’s (TSE:TVA.B) Use Of Investor Capital Doesn’t Look Great

The formula for calculating the return on capital employed is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) Or for TVA Group: 0.054 = CA$16m ÷ (CA$551m - CA$260m) (Based on the trailing twelve months to March 2019.) So, TVA Group has an ROCE of 5.4%. … Due to the way ROCE is calculated, a high level of current liabilities makes a company look as though it has less capital employed, and thus can (sometimes unfairly) boost the ROCE. … Our Take On TVA Group's ROCE With this level of liabilities and a mediocre ROCE, there are potentially better investments out there.

Simply Wall St -

Is Now The Time To Look At Buying TVA Group Inc. (TSE:TVA.B)?

So, could the stock still be trading at a low price relative to its actual value? … TSX:TVA.B Past and Future Earnings, June 4th 2019 Future outlook is an important aspect when you’re looking at buying a stock, especially if you are an investor looking for growth in your portfolio. … Buying a great company with a robust outlook at a cheap price is always a good investment, so let’s also take a look at the company's future expectations.

Simply Wall St -

How Many TVA Group Inc. (TSE:TVA.B) Shares Do Institutions Own?

Companies that used to be publicly owned tend to have lower insider ownership. … TVA Group is not a large company by global standards. … institutional investors have bought into the company.

Simply Wall St -

The TVA Group (TSE:TVA.B) Share Price Is Down 77% So Some Shareholders Are Rather Upset

(TSE:TVA.B) share price up 22% in a single quarter. … One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. … A more detailed examination of the revenue and earnings may or may not explain why the share price languishes; there could be an opportunity.

Simply Wall St -

How Do TVA Group Inc.’s (TSE:TVA.B) Returns On Capital Compare To Peers?

To be precise, we'll consider its Return On Capital Employed (ROCE), as that will inform our view of the quality of the business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

Are TVA Group Inc.'s (TSE:TVA.B) Interest Costs Too High?

(TSE:TVA.B) is a small-cap stock with a market capitalization of CA$86m. … While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Assessing first and foremost the financial health is

Simply Wall St -

What Kind Of Investor Owns Most Of TVA Group Inc (TSE:TVA.B)?

If you want to know who really controls TVA Group Inc (TSE:TVA.B), then you'll have to look at the makeup of its share registry. … Taking a look at the our data on the ownership groups (below), it's seems that. … Let's take a closer look to see what the different types of shareholder can tell us about TVA.B

Simply Wall St -

Breaking Down TVA Group Inc's (TSE:TVA.B) Ownership Structure

I am going to take a deep dive into TVA Group Inc’s (TSE:TVA.B) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … The effect of an active institutional investor with a similar ownership as a passive pension-fund can be vastly different on a company's corporate governance and accountability to shareholders.

Simply Wall St -

TVA Group Inc (TSE:TVA.B): Time For A Financial Health Check

While small-cap stocks, such as TVA Group Inc (TSE:TVA.B) with its market cap of CA$146.90m, are popular for their explosive growth, investors should also be aware of their balance sheet to judge whether the company can survive a downturn.

Simply Wall St -

TVA.B Company Info

Description

TVA Group Inc. operates a communications company in Canada. It operates through three segments: Broadcasting & Production; Magazines; and Film Production & Audiovisual Services. The Broadcasting & Production segment creates, produces, and broadcasts entertainment, information, and public affairs programming; operates a French-language television network, as well as provides nine specialty services; markets digital products associated with various televisual brands; and distributes audiovisual products and films. This segment is also involved in commercial production activities. The Magazines segment publishes magazines in various fields, such as the arts, entertainment, television, fashion, and decoration; markets digital products associated with various magazine brands; and provides custom publishing services. The Film Production & Audiovisual Services segment offers soundstage, mobile unit and production equipment rental, dubbing, postproduction, visual effect, and distribution services. The company was formerly known as Télé-Métropole Inc. and changed its name to TVA Group Inc. in February 1998. TVA Group Inc. was founded in 1960 and is headquartered in Montreal, Canada. TVA Group Inc. is a subsidiary of Quebecor Media Inc.

Details
Name: TVA Group Inc.
TVA.B
Exchange: TSX
Founded: 1960
CA$59,191,582
43,205,535
Website: http://www.groupetva.ca
Address: TVA Group Inc.
1600 de Maisonneuve Boulevard East,
Montreal,
Quebec, H2L 4P2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX TVA.B Class B Shares The Toronto Stock Exchange CA CAD 08. Jan 1976
OTCPK TVAG.F Class B Shares Pink Sheets LLC US USD 08. Jan 1976
Number of employees
Current staff
Staff numbers
1,342
TVA Group employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/16 23:44
End of day share price update: 2019/11/14 00:00
Last estimates confirmation: 2019/11/14
Last earnings filing: 2019/10/31
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.