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Grupo Televisa, S.A.B. operates in four segments: Cable, Sky, Content, and Other Businesses. It provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription. The Sky segment offers direct-to-home broadcast satellite pay television services to subscribers in Mexico, Central America, and the Dominican Republic.
Transportation, Communications, Electric, Gas, And Sanitary Services
Communication
$897.06M
37.4K
Alfonso de Angoitia Noriega
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High yield may not be sustainable given weak profitability.
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| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$UGP ULTRAPAR HOLDINGS INC | 79 | 90 | 95 | 87 | - | - | 29.5% | 5.7% | 7.3% | 3.8% | 1.9% | -16.9% | 4.9% | 22.0x | $2.8B | VS | |
$TNK TEEKAY TANKERS LTD. | 78 | 94 | 97 | 82 | - | - | 24.4% | 20.6% | 67.0% | 30.9% | 32.8% | -16.6% | 7.6% | 0.0x | $1.3B | VS | |
$DHT DHT Holdings, Inc. | 75 | 84 | 88 | 78 | - | - | 17.5% | 12.2% | 54.8% | 36.8% | 31.7% | 2.0% | 10.9% | 40.0x | $1.5B | VS | |
$STNG Scorpio Tankers Inc. | 75 | 86 | 95 | 74 | - | - | 24.7% | 16.6% | 63.1% | 61.5% | 53.8% | -7.2% | 3.3% | 30.0x | $2.6B | VS | |
$NAT NORDIC AMERICAN TANKERS Ltd | 75 | 82 | 88 | 87 | - | - | 8.9% | 5.5% | 64.4% | 22.1% | 13.3% | -10.7% | 18.0% | 53.0x | $465M | VS | |
$AMX AMERICA MOVIL SAB DE CV/ | 74 | 86 | 81 | 68 | - | - | 5.8% | 1.5% | 61.1% | 20.7% | 3.2% | -13.7% | 3.5% | 202.0x | $44.7B | VS | |
$PAC Pacific Airport Group | 73 | 94 | 80 | 78 | - | - | 35.2% | 10.8% | 84.4% | 44.8% | 26.4% | -18.0% | 5.6% | 81.0x | $8.5B | VS | |
$GSL Global Ship Lease, Inc. | 73 | 82 | 94 | 81 | - | - | 26.7% | 15.6% | 100.0% | 53.7% | 50.1% | 5.8% | 7.7% | 47.0x | $753M | VS | |
$TRMD TORM plc | 73 | 86 | 94 | 65 | - | - | 32.7% | 19.3% | 58.8% | 40.9% | 38.0% | 2.5% | 30.1% | 59.0x | $1.7B | VS | |
$VIV TELEFONICA BRASIL S.A. | 73 | 82 | 90 | 78 | - | - | 7.0% | 4.0% | 43.9% | 15.5% | 10.0% | -15.9% | 5.6% | 0.0x | $12.5B | VS | |
$TV GRUPO TELEVISA, S.A.B. | 57 | 37 | 51 | 81 | - | 1.4x | -32.5% | -13.2% | 34.0% | -4.5% | -13.4% | -23.8% | 32.6% | 105.0x | $897M | ||
| SECTOR BENCH | - | - | - | - | - | 16.9x | 6.1x | 11.9% | 3.5% | 55.1% | 17.6% | 10.4% | 4.0% | 1.5% | 1.0x | - | REF |
GRUPO TELEVISA, S.A.B. (TV) receives a "Hold" rating with a composite score of 57.4/100. It ranks #981 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Alfonso de Angoitia Noriega
Chief Executive Officer
Labor Force
37,400
37
61
48
Audit Verdict: Lower quality and stability scores may indicate governance concerns.
No recent insider transactions available for TV
Outperforming peers — winners tend to keep winning over 3-12 months
Fair valuation relative to peers
Average quality profile
Average volatility — neutral timing signal
Conservative, efficient capex — capital discipline signals management quality
Mid-range overall rating
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Relative valuation derived from Transportation, Communications, Electric, Gas, And Sanitary Services sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
No analyst ratings for TV.
View All RatingsYOY expansion rate
Core pricing power
Operating efficiency
Bottom-line conversion
Equity capital efficiency
Asset base utilization
Financial leverage load
Direct cash return
Material decline in asset turnover efficiency detected
High margin volatility — erratic forensic earnings quality
Capital Income Projection
A $10,000 capital deployment would generate approximately $3259 annually in verified dividends.
| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 37 | 32 | +5NEUTRAL |
| MOMENTUM | 81 | 91 | -10DRAG |
| VALUATION | 51 | 57 | -6DRAG |
| INVESTMENT | 61 | 93 | -32DRAG |
| STABILITY | 48 | 50 | -2NEUTRAL |
| SHORT INT | 59 | 68 | -9DRAG |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROIC -3.7% vs WACC 7.4% (spread -11.0%)
GM 34% vs sector 55%, OM -5% vs sector 18%
Capital turnover 1.02x
Rev growth -24%, 8yr history
Interest coverage -0.3x, Net debt/EBITDA 3.5x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
Our model assigns GRUPO TELEVISA, S.A.B. a Hold rating, with a composite score of 57.4/100 and 3 out of 5 stars. Ranked #981 of 7,333 stocks, TV presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
TV's quality score of 37/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of -32.5% (sector avg: 11.9%), gross margins of 34.0% (sector avg: 55.1%), net margins of -13.4% (sector avg: 10.4%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.
TV's value score of 51/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include an EV/EBITDA of 1.41x, a P/B ratio of 0.37x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
TV shows a solid investment score of 61/100, reflecting measured but productive capital allocation. Key growth metrics include revenue growth of -23.8% vs. a sector average of 4.0% and a return on assets of -13.2% (sector: 3.5%). This suggests the company is investing at an appropriate level to sustain growth without overextending its balance sheet.
TV shows strong momentum characteristics with a score of 81/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth stands at -23.8% year-over-year, while a beta of 0.69 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
With a stability score of 48/100, TV exhibits average financial resilience. Key stability metrics include a beta of 0.69 and a debt-to-equity ratio of 105.00x (sector avg: 1.0x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.
The short interest score of 59/100 for TV suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 105.00x), small-cap liquidity risk. With a $897M market cap (small-cap), GRUPO TELEVISA, S.A.B. may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.
GRUPO TELEVISA, S.A.B. offers an attractive dividend yield of 32.6%, placing it among the higher-yielding stocks in its peer group. This compares to a sector average dividend yield of 1.5%. A yield this high can provide meaningful income, but investors should verify the payout is sustainable by examining the payout ratio, free cash flow coverage, and any history of dividend cuts.
GRUPO TELEVISA, S.A.B. is a small-cap company in the Transportation, Communications, Electric, Gas, And Sanitary Services sector, ranked #0 of 50 in its sector (100th percentile) and #981 of 7,333 overall (87th percentile). Key comparisons include ROE of -32.5% trailing the 11.9% sector median and operating margins of -4.5% below the 17.6% sector average. This top-quartile standing reflects exceptional competitive strength relative to Transportation, Communications, Electric, Gas, And Sanitary Services peers.
While TV currently exhibits a HOLD profile, superior opportunities exist within the TRANSPORTATION, COMMUNICATIONS, ELECTRIC, GAS, AND SANITARY SERVICES sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Transportation, Communications, Electric, Gas, And Sanitary Services Alpha →Quant Factor Profile
Key factor gap
Momentum (81) vs Quality (37) — closing this gap could shift the rating.
EV/EBITDA 77% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 372% BELOW SECTOR MEDIAN
Gross Margin 38% BELOW SECTOR MEDIAN
AUDIT DATA AS OF DEC 31, 2024 (Q3 FY2024)
We rate GRUPO TELEVISA, S.A.B. (TV) as a Hold with a composite score of 57.4/100 at a current price of $3.33. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling for existing holders. Our factors are split, and the overall profile suggests patience is warranted.
The rating is primarily driven by strength in momentum (81th percentile) and investment (61th percentile), which together account for the majority of the composite score. Offsetting weakness in quality (37th percentile) and stability (48th percentile) tempers our overall conviction. We assign a No Moat rating (19/100), High uncertainty, and Poor capital allocation.
Key items to watch: whether strong momentum is fundamentally supported by revenue trends; balance sheet deleveraging progress; the path to profitability. Any material change in these dynamics could warrant a reassessment of our rating. The moat trend is stable, which suggests the competitive landscape is stable for now.
GRUPO TELEVISA, S.A.B. holds a top-quartile position (#0 of 50) within the Transportation, Communications, Electric, Gas, And Sanitary Services sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 57.4/100 places it at rank #981 in our full 7,333-stock universe. At $897M in market capitalization, GRUPO TELEVISA, S.A.B. is a small-cap player in the Transportation, Communications, Electric, Gas, And Sanitary Services space, which limits certain scale advantages but may allow for more agile strategic execution.
Despite positive momentum (81th percentile), revenue contraction of -24% creates a divergence between price action and fundamental trajectory. This divergence suggests either that the market is looking through near-term weakness or that technical factors are temporarily inflating the stock. Investors should assess whether the revenue decline reflects cyclical weakness or structural challenges.
The margin cascade tells an important story: gross margins of 34% (-21.2pp vs sector) narrow to operating margins of -5% (-22.1pp vs sector) and net margins of -13.4%, yielding a gross-to-net conversion rate of -39%. The significant margin erosion from gross to net suggests elevated operating expenses, high interest costs, or other structural drags that warrant monitoring.
At a current price of $3.33, GRUPO TELEVISA, S.A.B. is trading near fair value based on current fundamentals. Our value factor score of 51/100 reflects a composite assessment across multiple valuation metrics including price-to-earnings, price-to-book, EV/EBITDA, and price-to-sales ratios relative to both sector peers and the broader market. Valuation metrics are mixed, with no strong signal of mispricing in either direction.
The stock currently trades at EV/EBITDA of 1.4x (discounted to peers), P/B of 0.4x, P/S of 0.1x. We evaluate these multiples in the context of both absolute levels and sector-relative positioning to form our valuation view.
Positive momentum (81th percentile) indicates institutional accumulation and favorable technical dynamics that tend to persist in the intermediate term.
A 32.59% dividend yield provides income while you wait, and dividends historically account for a significant portion of total equity returns.
Elevated leverage (105% D/E) amplifies downside risk and limits management's financial flexibility in adverse scenarios.
Revenue decline of -24% signals business deterioration — declining revenues make it difficult to grow into the current valuation and often precede further negative revisions.
Thin net margins of -13.4% provide limited cushion against cost pressures, competitive pricing, or macroeconomic headwinds — even small changes in costs could swing the company to a loss.
We assign a High uncertainty rating to GRUPO TELEVISA, S.A.B.. Key risk factors include significant leverage (105% debt-to-equity), current negative profitability (net margin -13.4%), low beta of 0.69 — while defensive, this may indicate limited upside participation in bull markets. The wide range of potential outcomes widens our fair value estimate and increases the possibility of permanent capital impairment. Investors considering this name should size positions accordingly and demand a meaningful margin of safety before initiating.
Specific risk factors that inform our assessment include: significant leverage (105% debt-to-equity); current negative profitability (net margin -13.4%); low beta of 0.69 — while defensive, this may indicate limited upside participation in bull markets; the combination of leverage (105% D/E) and thin margins (-13.4% net) amplifies downside risk. Each of these factors independently widens the distribution of potential outcomes, and in combination they create a risk profile that demands careful position sizing. The stability factor at the 48th percentile and quality factor at the 37th percentile provide a quantitative summary of the overall risk landscape.
Key risk mitigants include: a 32.59% dividend yield anchors total return. These factors partially offset the identified risks and provide downside protection in adverse scenarios. On balance, the risk-reward profile warrants caution and disciplined position management.
We rate GRUPO TELEVISA, S.A.B.'s capital allocation as Poor. Key concerns include low returns on equity (-32.5%), negative profitability, weak asset returns (ROA -13.2%). Exemplary capital allocators generate ROE above 20% and maintain conservative leverage — GRUPO TELEVISA, S.A.B. significantly underperforms these benchmarks, raising questions about management's ability to create shareholder value.
Investors should scrutinize management's reinvestment decisions and balance sheet trajectory before committing capital. Poor capital allocation often compounds over time: overlevered balance sheets limit strategic flexibility, while low returns on capital destroy shareholder value. We would need to see sustained improvement in profitability metrics and balance sheet discipline before considering an upgrade.
In summary, GRUPO TELEVISA, S.A.B. receives a Hold rating with a composite score of 57.4/100 (rank #981 of 7,333). Our quantitative framework assigns a No Moat (19/100, trend: stable), High uncertainty, and Poor capital allocation. The average factor score across quality, value, momentum, stability, and investment is 56/100.
Our analysis supports a neutral stance on GRUPO TELEVISA, S.A.B.. While the quantitative profile is not weak enough to warrant selling, it lacks the multi-factor strength required for a buy recommendation. Existing holders should maintain positions and monitor for catalysts — either fundamental improvement or valuation compression — that would shift the risk-reward balance.
Analysis derived from Blank Capital Research quantitative terminal. For informational purposes only. No trade solicitation. Past performance not indicative of future results. Consult a qualified advisor.
We do not assign GRUPO TELEVISA, S.A.B. a meaningful economic moat, scoring 19/100 on our composite assessment. The ROIC-WACC spread of -11.0% is the primary signal of economic value creation. Current fundamentals do not demonstrate the kind of durable competitive advantages — such as superior returns on invested capital, margin superiority, or reinvestment efficiency — that would protect the company from competitive erosion over the long term. The highest-scoring pillar, margin superiority, reached only 6.6/20.
The strongest moat sources are margin superiority (6.6/20) and financial resilience (5.5/20). GM 34% vs sector 55%, OM -5% vs sector 18%. Interest coverage -0.3x, Net debt/EBITDA 3.5x. These pillars form the core of GRUPO TELEVISA, S.A.B.'s competitive identity and are the primary drivers of excess returns in our framework.
Areas of relative weakness include economic value creation (0.6/20) and reinvestment efficiency (2.1/20). ROIC -3.7% vs WACC 7.4% (spread -11.0%). Improvement in these areas could meaningfully widen the moat over time, while deterioration would be an early warning of competitive erosion.
Our moat trend assessment is Stable. Multi-year ROIC and operating margin trajectories show neither meaningful improvement nor deterioration, suggesting the competitive position is steady. We expect GRUPO TELEVISA, S.A.B.'s moat profile to remain largely unchanged absent a material shift in return on capital or industry dynamics.
Key profit drivers include declining revenues (-24%) that pressure the earnings outlook. The margin cascade from 34% gross to -5% operating to -13.4% net reveals the company's cost structure and reinvestment intensity. Our analysis indicates that profit quality raises some durability concerns, with the quality factor at the 37th percentile.
The margin profile shows gross margins of 34%, operating margins of -5%, net margins of -13.4%. Return metrics include ROE of -32.5% and ROA of -13.2%. Relative to the Transportation, Communications, Electric, Gas, And Sanitary Services sector, gross margins are 21.2 percentage points below the sector median of 55%, and ROE of -32.5% compares to a sector median of 11.9%.
The balance sheet reflects above-average leverage with D/E of 105%, a dividend yield of 32.59%, revenue growth of -24%. The sector median D/E is 1%, putting GRUPO TELEVISA, S.A.B. at higher leverage than the typical peer. Overall balance sheet health is adequate for the current business environment.
Grupo Televisa (NYSE:TV) is seeing potential upside due to its 45% ownership in TelevisaUnivision, which has shown impressive growth with its VIX streaming service turning profitable in 2024. Additionally, a recent multi-year distribution agreement between TelevisaUnivision and YouTube TV is expected to further boost its prospects. BofA Securities raised its price target for Grupo Televisa to $3.30, citing enhanced cash generation, though noting risks such as declining Sky user numbers and competitive challenges.
Grupo Televisa plans to integrate its Sky unit with its cable segment, Izzi, as soon as possible. This merger aims to reduce financial expenses and address Izzi's competitive difficulties. The synergy from this integration is expected to yield 400 million pesos in operational savings by Q3 2024, with Televisa reporting a recovery in net earnings largely due to reduced financial costs.
U.S. stock futures traded higher this morning, with the Dow Jones futures gaining more than 150 points on Thursday. Shares of Pure Storage, Inc. (NYSE: PSTG) shares tumbled in pre-market trading after the company reported worse-than-expected third-quarter revenue results and issued FY24 revenue guidance below estimates. The company posted quarterly revenue of $762.8 million missing estimates of $763.362 million. The company’s quarterly earnings came in at 50 cents per share, versus estimates of 40 cents per share. Pure Storage shares ...
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Above 50MA
37.18%
Net New Highs
+51081