Financials ITV plc

Equities

ITV

GB0033986497

Broadcasting

Market Closed - London S.E. 11:35:04 2024-07-19 EDT 5-day change 1st Jan Change
84 GBX -0.59% Intraday chart for ITV plc +1.02% +32.74%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 6,038 4,272 4,426 3,012 2,555 3,323 - -
Enterprise Value (EV) 1 6,842 4,794 4,840 3,012 3,108 3,781 3,745 3,633
P/E ratio 12.8 x 15 x 11.9 x 7.09 x 12.2 x 14.1 x 10.3 x 9.94 x
Yield 1.72% - 2.99% - 7.9% 5.58% 5.74% 6.48%
Capitalization / Revenue 1.83 x 1.54 x 1.28 x 0.81 x 0.71 x 0.9 x 0.88 x 0.86 x
EV / Revenue 2.07 x 1.72 x 1.4 x 0.81 x 0.86 x 1.03 x 1 x 0.93 x
EV / EBITDA 8.72 x 7.61 x 5.55 x 3.91 x 5.81 x 6.29 x 6.01 x 5.35 x
EV / FCF 16.9 x 10.4 x 38.4 x - 9.87 x 12.9 x 9.64 x 8.22 x
FCF Yield 5.9% 9.57% 2.6% - 10.1% 7.76% 10.4% 12.2%
Price to Book 7.16 x 3.81 x 2.99 x - - 1.98 x 1.88 x 1.78 x
Nbr of stocks (in thousands) 3,998,478 3,999,984 4,003,410 4,006,931 4,037,822 3,956,380 - -
Reference price 2 1.510 1.068 1.106 0.7516 0.6328 0.8400 0.8400 0.8400
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 3,674 3,759 3,886
EBITDA 1 785 630 872 770 535 600.8 623.2 679
EBIT 1 729 573 813 717 489 550.2 575.2 642.8
Operating Margin 22.04% 20.6% 23.54% 19.23% 13.49% 14.98% 15.3% 16.54%
Earnings before Tax (EBT) 1 530 325 480 501 193 307.7 381.7 455.2
Net income 1 473 285 378 428 210 215.8 266.8 318.9
Net margin 14.3% 10.25% 10.95% 11.48% 5.79% 5.87% 7.1% 8.21%
EPS 2 0.1180 0.0710 0.0930 0.1060 0.0520 0.0596 0.0819 0.0845
Free Cash Flow 1 404 459 126 - 315 293.5 388.5 442
FCF margin 12.21% 16.5% 3.65% - 8.69% 7.99% 10.34% 11.37%
FCF Conversion (EBITDA) 51.46% 72.86% 14.45% - 58.88% 48.85% 62.34% 65.1%
FCF Conversion (Net income) 85.41% 161.05% 33.33% - 150% 136% 145.59% 138.62%
Dividend per Share 2 0.0260 - 0.0330 - 0.0500 0.0468 0.0482 0.0544
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 2024 S1
Net sales 1 1,832 1,218 1,563 1,548 952.5 1,905 1,679 2,049 1,639 1,985 -
EBITDA - - - - - - - - - - 194
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 - 553 458 422 310
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.024 x 0.8286 x 0.4748 x - 1.034 x 0.7616 x 0.6771 x 0.456 x
Free Cash Flow 1 404 459 126 - 315 294 389 442
ROE (net income / shareholders' equity) 56.9% 28.9% 47% - - 20.3% 20.4% 20.6%
ROA (Net income/ Total Assets) 13.6% 7.58% 9.23% - - 7.11% 7.76% 8.59%
Assets 1 3,488 3,760 4,096 - - 3,035 3,438 3,712
Book Value Per Share 2 0.2100 0.2800 0.3700 - - 0.4200 0.4500 0.4700
Cash Flow per Share 2 0.1200 0.1300 0.0400 - 0.0900 0.0600 0.0900 0.0900
Capex 1 68 66 45 - 70 74.2 75.1 76.1
Capex / Sales 2.06% 2.37% 1.3% - 1.93% 2.02% 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
0.84 GBP
Average target price
0.9325 GBP
Spread / Average Target
+11.01%
Consensus

Quarterly revenue - Rate of surprise