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Grupo Televisa

DB:TLV1
Snowflake Description

Fair value with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TLV1
DB
MX$128B
Market Cap
  1. Home
  2. DE
  3. Media
Company description

Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The last earnings update was 95 days ago. More info.


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TLV1 Share Price and Events
7 Day Returns
-2.7%
DB:TLV1
-0.7%
DE Media
-2.4%
DE Market
1 Year Returns
-0.5%
DB:TLV1
1.9%
DE Media
11.8%
DE Market
TLV1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Grupo Televisa (TLV1) -2.7% 0.9% 3.9% -0.5% -49% -62.2%
DE Media -0.7% -1.1% -3.3% 1.9% -22.2% -31.6%
DE Market -2.4% -1.1% 3% 11.8% 4.4% 7%
1 Year Return vs Industry and Market
  • TLV1 underperformed the Media industry which returned 1.9% over the past year.
  • TLV1 underperformed the Market in Germany which returned 11.8% over the past year.
Price Volatility
TLV1
Industry
5yr Volatility vs Market

TLV1 Value

 Is Grupo Televisa 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 Grupo Televisa 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 Grupo Televisa.

DB:TLV1 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.4%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

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 DB:TLV1
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 7%
Media Unlevered Beta Simply Wall St/ S&P Global 0.77
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.773 (1 + (1- 30%) (114.21%))
1.261
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.26
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (1.261 * 6.96%)
8.39%

Discounted Cash Flow Calculation for DB:TLV1 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Grupo Televisa 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.

DB:TLV1 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (MXN, Millions) Source Present Value
Discounted (@ 8.39%)
2020 12,921.00 Analyst x4 11,920.93
2021 14,024.25 Analyst x4 11,937.34
2022 15,083.00 Analyst x3 11,844.85
2023 16,281.67 Analyst x3 11,796.54
2024 17,875.50 Analyst x2 11,948.90
2025 18,863.39 Est @ 5.53% 11,633.32
2026 19,571.06 Est @ 3.75% 11,135.56
2027 20,062.12 Est @ 2.51% 10,531.46
2028 20,391.01 Est @ 1.64% 9,875.62
2029 20,601.15 Est @ 1.03% 9,205.16
Present value of next 10 years cash flows MX$111,829.00
DB:TLV1 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= MX$20,601.15 × (1 + -0.39%) ÷ (8.39% – -0.39%)
MX$233,743.33
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= MX$233,743.33 ÷ (1 + 8.39%)10
MX$104,442.90
DB:TLV1 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= MX$111,829.00 + MX$104,442.90
MX$216,271.90
Equity Value per Share
(MXN)
= Total value / Shares Outstanding
= MX$216,271.90 / 2,882.40
MX$75.03
DB:TLV1 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:TLV1 represents 0.04834x of BMV:TLEVISA CPO
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.04834x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (MXN) x Listing Adjustment Factor
= MX$ 75.03 x 0.04834
€3.63
Value per share (EUR) From above. €3.63
Current discount Discount to share price of €2.14
= -1 x (€2.14 - €3.63) / €3.63
41%

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

Current Discount
Amount off the current price Grupo Televisa is available for.
Intrinsic value
41%
Share price is €2.14 vs Future cash flow value of €3.63
Current Discount Checks
For Grupo Televisa to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Grupo Televisa's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Grupo Televisa's share price is below the future cash flow value, and 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 Grupo Televisa's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Grupo Televisa's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:TLV1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in MXN MX$0.79
BMV:TLEVISA CPO Share Price ** BMV (2020-01-28) in MXN MX$44.27
Germany Media Industry PE Ratio Median Figure of 13 Publicly-Listed Media Companies 24.56x
Germany Market PE Ratio Median Figure of 403 Publicly-Listed Companies 20.57x

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

** Primary Listing of Grupo Televisa.

DB:TLV1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BMV:TLEVISA CPO Share Price ÷ EPS (both in MXN)

= 44.27 ÷ 0.79

56.18x

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

  • Grupo Televisa is overvalued based on earnings compared to the DE Media industry average.
  • Grupo Televisa is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Grupo Televisa's expected growth come at a high price?
Raw Data
DB:TLV1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 56.18x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
20.2%per year
Germany Media Industry PEG Ratio Median Figure of 8 Publicly-Listed Media Companies 1.95x
Germany Market PEG Ratio Median Figure of 263 Publicly-Listed Companies 1.44x

*Line of best fit is calculated by linear regression .

DB:TLV1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 56.18x ÷ 20.2%

2.78x

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

  • Grupo Televisa is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Grupo Televisa's assets?
Raw Data
DB:TLV1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in MXN MX$30.66
BMV:TLEVISA CPO Share Price * BMV (2020-01-28) in MXN MX$44.27
Germany Media Industry PB Ratio Median Figure of 14 Publicly-Listed Media Companies 2.99x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.89x
DB:TLV1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BMV:TLEVISA CPO Share Price ÷ Book Value per Share (both in MXN)

= 44.27 ÷ 30.66

1.44x

* Primary Listing of Grupo Televisa.

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

  • Grupo Televisa is good value based on assets compared to the DE Media industry average.
X
Value checks
We assess Grupo Televisa'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. Grupo Televisa 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.

TLV1 Future Performance

 How is Grupo Televisa expected to perform in the next 1 to 3 years based on estimates from 15 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
20.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Grupo Televisa expected to grow at an attractive rate?
  • Grupo Televisa's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Grupo Televisa's earnings growth is expected to exceed the Germany market average.
  • Grupo Televisa's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:TLV1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:TLV1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 20.2%
DB:TLV1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 2.9%
Germany Media Industry Earnings Growth Rate Market Cap Weighted Average 7.7%
Germany Media Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 13%
Germany 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
DB:TLV1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in MXN Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:TLV1 Future Estimates Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 117,851 9,122 1
2023-12-31 111,595 7,799 3
2022-12-31 111,663 7,412 4
2021-12-31 106,489 25,647 6,794 12
2020-12-31 104,484 25,113 4,429 15
2020-01-28
2019-12-31 100,481 22,038 3,758 13
DB:TLV1 Past Financials Data
Date (Data in MXN Millions) Revenue Cash Flow Net Income *
2019-09-30 100,224 31,133 2,273
2019-06-30 99,471 27,262 2,495
2019-03-31 101,866 28,315 5,874
2018-12-31 101,282 33,714 6,009
2018-09-30 101,227 33,969 6,847
2018-06-30 98,857 32,841 6,884
2018-03-31 95,132 26,517 4,006
2017-12-31 94,274 25,100 4,524
2017-09-30 94,895 26,941 4,273
2017-06-30 95,954 30,348 4,320
2017-03-31 96,501 29,717 4,317
2016-12-31 96,287 36,657 3,721

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Grupo Televisa's earnings are expected to grow significantly at over 20% yearly.
  • Grupo Televisa's revenue is expected to grow by 2.9% yearly, however this is not considered high growth (20% yearly).
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
DB:TLV1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Grupo Televisa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TLV1 Future Estimates Data
Date (Data in MXN Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 1.93 2.36 1.43 4.00
2020-12-31 1.60 1.96 1.25 5.00
2020-01-28
2019-12-31 1.33 1.45 1.10 5.00
DB:TLV1 Past Financials Data
Date (Data in MXN Millions) EPS *
2019-09-30 0.79
2019-06-30 0.87
2019-03-31 2.04
2018-12-31 2.07
2018-09-30 2.34
2018-06-30 2.35
2018-03-31 1.36
2017-12-31 1.54
2017-09-30 1.45
2017-06-30 1.47
2017-03-31 1.48
2016-12-31 1.28

*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.
  • Grupo Televisa is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Grupo Televisa'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 Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany 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.
Grupo Televisa 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.

TLV1 Past Performance

  How has Grupo Televisa 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 Grupo Televisa'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.
  • Grupo Televisa's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Grupo Televisa's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Grupo Televisa's 1-year earnings growth is negative, it can't be compared to the DE Media industry average.
Earnings and Revenue History
Grupo Televisa'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 Grupo Televisa Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:TLV1 Past Revenue, Cash Flow and Net Income Data
Date (Data in MXN Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 100,224.23 2,272.51 24,917.20
2019-06-30 99,471.32 2,495.30 25,113.11
2019-03-31 101,865.58 5,873.57 25,251.59
2018-12-31 101,282.33 6,009.41 24,752.79
2018-09-30 101,227.10 6,847.39 24,755.83
2018-06-30 98,856.89 6,884.28 24,597.73
2018-03-31 95,131.86 4,006.06 24,225.33
2017-12-31 94,274.24 4,524.50 24,110.15
2017-09-30 94,894.87 4,273.02 24,229.02
2017-06-30 95,954.10 4,320.26 24,151.94
2017-03-31 96,500.76 4,316.96 24,241.54
2016-12-31 96,287.36 3,721.41 24,174.09
2016-09-30 93,937.84 4,649.65 23,716.23
2016-06-30 92,471.19 10,133.25 23,267.29
2016-03-31 89,933.45 10,046.12 22,701.24
2015-12-31 88,051.83 10,899.14 21,751.68
2015-09-30 87,120.91 11,832.18 20,884.65
2015-06-30 84,694.99 5,103.63 19,885.63
2015-03-31 83,053.67 5,986.48 18,771.10
2014-12-31 80,118.35 5,386.91 17,971.61
2014-09-30 77,541.21 5,346.48 17,075.77
2014-06-30 76,474.64 7,918.53 16,599.04
2014-03-31 75,195.25 7,532.48 15,932.90
2013-12-31 73,790.71 7,748.28 15,366.80
2013-09-30 72,140.10 8,282.53 14,696.96
2013-06-30 70,734.51 8,753.64 14,047.90
2013-03-31 69,653.27 8,324.38 14,013.41

*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.
  • Grupo Televisa has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Grupo Televisa used its assets less efficiently than the DE Media industry average last year based on Return on Assets.
  • Grupo Televisa's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Grupo Televisa'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.
Grupo Televisa has a total score of 0/6, 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.

TLV1 Health

 How is Grupo Televisa'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 Grupo Televisa's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Grupo Televisa is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Grupo Televisa's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Grupo Televisa'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 not covered by short term assets, assets are 0.6x 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 Grupo Televisa Company Filings, last reported 3 months ago.

DB:TLV1 Past Debt and Equity Data
Date (Data in MXN Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 102,896.70 136,082.84 38,723.18
2019-06-30 102,462.76 135,295.16 37,918.10
2019-03-31 103,764.80 122,299.37 23,608.77
2018-12-31 104,530.69 125,668.86 32,114.04
2018-09-30 105,565.91 122,561.38 42,468.06
2018-06-30 103,464.27 126,965.14 44,596.00
2018-03-31 101,316.03 121,143.12 37,966.55
2017-12-31 99,656.91 127,781.06 44,748.63
2017-09-30 100,731.45 121,740.07 44,507.99
2017-06-30 99,015.51 122,101.26 46,910.09
2017-03-31 97,661.91 124,415.10 49,329.50
2016-12-31 96,284.40 133,683.45 53,044.30
2016-09-30 97,185.81 123,469.10 51,783.06
2016-06-30 97,985.56 118,810.63 53,220.24
2016-03-31 95,732.39 114,930.67 59,386.01
2015-12-31 99,521.78 111,821.89 54,727.57
2015-09-30 94,952.15 89,077.77 34,920.95
2015-06-30 91,540.88 85,126.02 35,326.30
2015-03-31 89,683.08 83,750.04 38,619.05
2014-12-31 87,915.08 82,307.66 34,517.94
2014-09-30 84,856.50 77,379.01 31,141.95
2014-06-30 83,277.16 74,442.01 37,035.46
2014-03-31 79,948.48 60,290.67 22,177.35
2013-12-31 78,579.43 61,188.82 20,415.01
2013-09-30 74,391.60 60,624.36 18,358.90
2013-06-30 71,647.46 60,361.87 28,079.10
2013-03-31 69,972.32 52,376.35 23,853.07
  • Grupo Televisa's level of debt (132.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (91.2% vs 132.3% today).
  • Debt is well covered by operating cash flow (22.9%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Grupo Televisa'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. Grupo Televisa has a total score of 2/6, 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.

TLV1 Dividends

 What is Grupo Televisa'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
0.79%
Current annual income from Grupo Televisa dividends. Estimated to be 0.83% next year.
If you bought €2,000 of Grupo Televisa shares you are expected to receive €16 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?
  • Grupo Televisa's pays a lower dividend yield than the bottom 25% of dividend payers in Germany (1.41%).
  • Grupo Televisa's dividend is below the markets top 25% of dividend payers in Germany (3.63%).
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
DB:TLV1 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 15 Analyst Estimates (S&P Global) See Below
Germany Media Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 6%
Germany Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 2.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.7%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

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

DB:TLV1 Future Dividends Estimate Data
Date (Data in MX$) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31 0.38 2.00
2022-12-31 0.38 2.00
2021-12-31 0.36 5.00
2020-12-31 0.36 5.00
2020-01-28
2019-12-31 0.37 5.00
DB:TLV1 Past Annualized Dividends Data
Date (Data in MX$) Dividend per share (annual) Avg. Yield (%)
2019-04-29 0.350 0.918
2019-02-21 0.350 0.837
2018-04-30 0.350 0.567
2018-02-26 0.350 0.558
2017-04-26 0.350 0.420
2017-02-27 0.350 0.354
2017-02-22 0.350 0.347
2016-04-29 0.350 0.371
2015-04-29 0.350 0.351
2014-05-06 0.350 0.365
2014-04-29 0.350 0.407
2014-01-15 0.350 0.431
2013-10-28 0.350 0.449
2013-10-24 0.350 0.447
2013-07-12 0.350 0.494
2013-04-11 0.350 0.553
2012-04-30 0.350 0.564
2011-06-28 0.350 0.653
2011-05-06 0.350 0.643
2009-11-10 1.350 2.559
2009-05-05 1.750 3.685

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Grupo Televisa's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (7.7x coverage).
X
Income/ dividend checks
We assess Grupo Televisa's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.7%) - 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 Grupo Televisa afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Grupo Televisa has a total score of 2/6, see the detailed checks below.


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

TLV1 Management

 What is the CEO of Grupo Televisa'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
Alfonso de Angoitia Noriega
AGE 57
TENURE AS CEO 2 years
CEO Bio

Mr. Alfonso de Angoitia Noriega has been an Executive Vice President of Grupo Televisa, S.A.B, since May 2000 and also serves as its Member of its Executive Office of the Chairman. Mr. de Angoitia Noriega serves as co-Chief Executive Officer of Televisa since January 2018. He serves as an Independent Director of Liberty Latin America Ltd. since December 29, 2017. From 1994 to 1999, Mr. de Angoitia Noriega was a Founding Partner of the law firm Mijares, Angoitia, Cortés y Fuentes, S.C. He served as Executive Vice President of Administration and Finance from 1999 to 2003. He served as the Chief Financial Officer and Secretary of the Board of Directors of Grupo Televisa, S.A.B. since 1998. He is President of the Board of Trustees of Fundación Kardias and a member of Fundacion UNAM and the Mexican Health Foundation. He has been a Director of Univision Communications Inc. since December 2010. He has been an Independent Director at Banco Mercantil Del Norte, S.A. since April 2015. He serves as a Director of Cablevision, S.A. de C.V., Cablemas Telecomunicaciones, S.A. de C.V., Operbes, S.A. de C.V. (Bestel), TV Internacional, S.A. de C.V., Grupo Axo, S.A.P.I. de C.V., and The Americas Society. He has been a Trustee of The Paley Center for Media since November 19, 2015. He has been an Independent Director of Grupo Financiero Banorte, S.A.B. de C.V. since April 2015. He has been a Director of Fomento Económico Mexicano, S.A.B de C.V since March 23, 2016. He has been a Director at Innova, S. de R.L. de C.V. since 1998, Grupo Televisa, S.A.B. since April 1997, PBG Mexico since 2000, Empresas Cablevisión, S.A.B. de C.V. since August 1999, The Pepsi Bottling Group Mexico S.R.L. de C.V. since 2000. He served as a Director of Univision Holdings, Inc. since December 2010. He served as an Independent Director at Grupo Modelo, S.A.B. de C.V. from 2005 to 2013 and The American School Foundation from 2001 to 2010. He received his law degree law from the Universidad Nacional Autonoma de Mexico (UNAM).

CEO Compensation
  • Insufficient data for Alfonso to compare compensation growth.
  • Insufficient data for Alfonso to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team

Emilio Fernando Azcárraga Jean

TITLE
Executive Chairman & President
AGE
51

Alfonso de Angoitia Noriega

TITLE
Co-CEO & Director
AGE
57
TENURE
2 yrs

Bernardo Gómez Martínez

TITLE
Co-CEO & Director
AGE
52
TENURE
2 yrs

Carlos Ferreiro Rivas

TITLE
Vice President of Finance
AGE
51

José Antonio Lara del Olmo

TITLE
Vice President of Administration
AGE
49

Luis Alejandro Bustos Olivares

TITLE
Legal VP & General Counsel

Ricardo Pérez Teuffer

TITLE
Corporate Vice President of Sales & Marketing

Félix José Araujo Ramírez

TITLE
Vice President of Digital and Broadcast Television & Televisa Regional
AGE
68

Joaquín Balcárcel Santa Cruz

TITLE
Chief of Staff of the Executive Chairman of the Board of Directors
AGE
50

Leopoldo Gómez González Blanco

TITLE
Vice President of News
AGE
60
Board of Directors Tenure

Average tenure and age of the Grupo Televisa board of directors in years:

17.8
Average Tenure
58.5
Average Age
  • The average tenure for the Grupo Televisa board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Emilio Fernando Azcárraga Jean

TITLE
Executive Chairman & President
AGE
51

Alfonso de Angoitia Noriega

TITLE
Co-CEO & Director
AGE
57
TENURE
22.8 yrs

Bernardo Gómez Martínez

TITLE
Co-CEO & Director
AGE
52
TENURE
20.8 yrs

Félix José Araujo Ramírez

TITLE
Vice President of Digital and Broadcast Television & Televisa Regional
AGE
68
TENURE
17.8 yrs

Joaquín Balcárcel Santa Cruz

TITLE
Chief of Staff of the Executive Chairman of the Board of Directors
AGE
50
TENURE
19.8 yrs

Leopoldo Gómez González Blanco

TITLE
Vice President of News
AGE
60
TENURE
16.8 yrs

Alex Penna da Silva

TITLE
Chairman of the Board of Managers for Corporación Novavision and CEO of Corporación Novavision
AGE
65

Jorge Agustín Lutteroth Echegoyen

TITLE
VP & Corporate Controller
AGE
66

Salvi Rafael Folch Viadero

TITLE
CEO of Cable Division & Director
AGE
52
TENURE
17.8 yrs

Francisco José Chévez Robelo

TITLE
Independent Director
AGE
90
TENURE
16.8 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 (€) Value (€)
X
Management checks
We assess Grupo Televisa'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. Grupo Televisa 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.

TLV1 News

Simply Wall St News

TLV1 Company Info

Description

Grupo Televisa, S.A.B. operates as a media company in the Spanish-speaking world. The company operates through four segments: Content, Sky, Cable, and Other Businesses. The Content segment produces television programming and broadcasts Channels 2, 4, 5, and 9; sells advertising time on programs; provides Internet services; and produces television programming and broadcasting for local television stations in Mexico and the United States. It also offers programming services for cable and pay-per-view television companies in Mexico, other countries in Latin America, the United States, and Europe; and licenses and syndicates television programming. The Sky segment offers direct-to-home broadcast satellite pay television services comprising program, installation, and equipment rental services to subscribers in Mexico, Central America, and the Dominican Republic; and national advertising sales. The Cable segment operates cable multiple system and telecommunication facilities. It provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone services, as well as local and national advertising sales; and data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network. The Other Businesses segment is involved in sports and show business promotion, soccer, feature film production and distribution, gaming, radio, publishing, and publishing distribution businesses. Grupo Televisa, S.A.B. was founded in 1990 and is based in Mexico City, Mexico.

Details
Name: Grupo Televisa, S.A.B.
TLV1
Exchange: DB
Founded: 1990
MX$6,159,517,056
2,882,400,000
Website: http://www.televisa.com
Address: Grupo Televisa, S.A.B.
Building A, Avenida Vasco de Quiroga No. 2000,
Floor 4,
Mexico City,
Distrito Federal, 01210,
Mexico
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BMV TLEVISA CPO CPOs Bolsa Mexicana de Valores MX MXN 30. Dec 1993
OTCPK GRPF.F CPOs Pink Sheets LLC US USD 30. Dec 1993
DB TLV1 CPOs Deutsche Boerse AG DE EUR 30. Dec 1993
NYSE TV SPON ADR REP ORD New York Stock Exchange US USD 14. Dec 1993
DB TLV SPON ADR REP ORD Deutsche Boerse AG DE EUR 14. Dec 1993
Number of employees
Current staff
Staff numbers
42,077
Grupo Televisa employees.
Industry
Cable and Satellite
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 21:21
End of day share price update: 2020/01/28 00:00
Last estimates confirmation: 2020/01/26
Last earnings filing: 2019/10/25
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.