Financials ITV plc

Equities

ITV

GB0033986497

Broadcasting

Market Closed - London S.E. 11:35:05 2024-06-21 am EDT 5-day change 1st Jan Change
80.3 GBX +4.69% Intraday chart for ITV plc +6.08% +26.90%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,038 4,272 4,426 3,012 2,555 3,180 - -
Enterprise Value (EV) 1 6,842 4,794 4,840 3,012 3,108 3,650 3,668 3,559
P/E ratio 12.8 x 15 x 11.9 x 7.09 x 12.2 x 13.5 x 9.82 x 9.54 x
Yield 1.72% - 2.99% - 7.9% 5.85% 6.03% 6.81%
Capitalization / Revenue 1.83 x 1.54 x 1.28 x 0.81 x 0.71 x 0.87 x 0.85 x 0.82 x
EV / Revenue 2.07 x 1.72 x 1.4 x 0.81 x 0.86 x 1 x 0.98 x 0.92 x
EV / EBITDA 8.72 x 7.61 x 5.55 x 3.91 x 5.81 x 6.07 x 5.84 x 5.2 x
EV / FCF 16.9 x 10.4 x 38.4 x - 9.87 x 12.4 x 9.33 x 8.07 x
FCF Yield 5.9% 9.57% 2.6% - 10.1% 8.07% 10.7% 12.4%
Price to Book 7.16 x 3.81 x 2.99 x - - 1.91 x 1.84 x 1.76 x
Nbr of stocks (in thousands) 3,998,478 3,999,984 4,003,410 4,006,931 4,037,822 3,960,238 - -
Reference price 2 1.510 1.068 1.106 0.7516 0.6328 0.8030 0.8030 0.8030
Announcement Date 3/5/20 3/9/21 3/3/22 3/2/23 3/7/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,308 2,781 3,453 3,728 3,624 3,660 3,755 3,877
EBITDA 1 785 630 872 770 535 600.9 628 684
EBIT 1 729 573 813 717 489 551.4 581.6 651.6
Operating Margin 22.04% 20.6% 23.54% 19.23% 13.49% 15.06% 15.49% 16.81%
Earnings before Tax (EBT) 1 530 325 480 501 193 307.8 382 454.4
Net income 1 473 285 378 428 210 215.4 266.5 317.9
Net margin 14.3% 10.25% 10.95% 11.48% 5.79% 5.88% 7.1% 8.2%
EPS 2 0.1180 0.0710 0.0930 0.1060 0.0520 0.0596 0.0818 0.0842
Free Cash Flow 1 404 459 126 - 315 294.5 393 441
FCF margin 12.21% 16.5% 3.65% - 8.69% 8.05% 10.46% 11.37%
FCF Conversion (EBITDA) 51.46% 72.86% 14.45% - 58.88% 49.01% 62.58% 64.48%
FCF Conversion (Net income) 85.41% 161.05% 33.33% - 150% 136.74% 147.49% 138.73%
Dividend per Share 2 0.0260 - 0.0330 - 0.0500 0.0470 0.0484 0.0547
Announcement Date 3/5/20 3/9/21 3/3/22 3/2/23 3/7/24 - - -
1GBP in Million2GBP
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2019 S2 2020 S1 2020 S2 2021 S1 2021 Q3 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2
Net sales 1 1,832 1,218 1,563 1,548 952.5 1,905 1,679 2,049 1,639 1,985
EBITDA - - - - - - - - - -
EBIT - 156 - - - 486 318 399 - 337
Operating Margin - 12.81% - - - 25.51% 18.94% 19.47% - 16.98%
Earnings before Tax (EBT) - - - - - - - - - -
Net income - - - - - - - - - -
Net margin - - - - - - - - - -
EPS - - - - - - - - - -
Dividend per Share - - - - - - 0.0170 - - -
Announcement Date 3/5/20 8/6/20 3/9/21 7/28/21 12/3/21 3/3/22 7/28/22 3/2/23 7/27/23 3/7/24
1GBP in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 804 522 414 - 553 470 488 379
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.024 x 0.8286 x 0.4748 x - 1.034 x 0.7815 x 0.7767 x 0.5543 x
Free Cash Flow 1 404 459 126 - 315 295 393 441
ROE (net income / shareholders' equity) 56.9% 28.9% 47% - - 20.2% 20.1% 19.9%
ROA (Net income/ Total Assets) 13.6% 7.58% 9.23% - - 5% 5.95% 6.61%
Assets 1 3,488 3,760 4,096 - - 4,305 4,481 4,811
Book Value Per Share 2 0.2100 0.2800 0.3700 - - 0.4200 0.4400 0.4600
Cash Flow per Share 2 0.1200 0.1300 0.0400 - 0.0900 0.0800 0.0900 0.0900
Capex 1 68 66 45 - 70 74.2 75.2 76.1
Capex / Sales 2.06% 2.37% 1.3% - 1.93% 2.03% 2% 1.96%
Announcement Date 3/5/20 3/9/21 3/3/22 3/2/23 3/7/24 - - -
1GBP in Million2GBP
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
0.803 GBP
Average target price
0.9212 GBP
Spread / Average Target
+14.73%
Consensus

Quarterly revenue - Rate of surprise