ITV ORD GBP0.10
Symbol: ITV
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Company
Business Summary
ITV plc is a vertically integrated producer, broadcaster and streamer, consisting of ITV Studios and Media & Entertainment (M&E). The Company operates through two segments: ITV Studios and M&E. ITV Studios is a global production business which creates, owns and distributes high-quality scripted and unscripted content for broadcasters and platform owners in the United Kingdom and internationally. ITV Studios is a creator, owner and distributor of content operating in 13 countries and across 60 labels; diversified by genre, geography and customer in the key markets around the world. Through M&E, the Company distributes content across its ad-funded linear channels and on ITVX, its free ad-supported streaming platform. M&E is an advertising-funded television business suited to British audiences. M&E is a family of free-to-air commercial channels in the United Kingdom, with programming delivered across multiple platforms.
Financial Summary
BRIEF: For the fiscal year ended 31 December 2023, ITV plc revenues decreased 3% to £3.62B. Net income decreased 51% to £210M. Revenues reflect United Kingdom segment decrease of 4% to £2.27B. Net income also reflects Operating Expenses increase of 5% to £3.22B (expense), Acquisition-related expenses increase from £4M to £24M (expense). Dividend per share remained flat at £0.05.
Financials
Income Statement - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Revenue | 3,624.00 | 3,728.00 | 3,453.00 | 2,781.00 | 3,308.00 | 3,211.00 |
Gross profit | NIL | NIL | NIL | NIL | NIL | NIL |
Operating Profit/Loss | 238.00 | 519.00 | 508.00 | 356.00 | 535.00 | 600.00 |
Profit Before Tax | 193.00 | 501.00 | 480.00 | 325.00 | 530.00 | 567.00 |
Profit After Tax | 209.00 | 435.00 | 388.00 | 281.00 | 478.00 | 470.00 |
Equity Holders of Parent Company | 210.00 | 428.00 | 378.00 | 285.00 | 473.00 | 466.00 |
Minority Interest | 43.00 | 47.00 | 28.00 | 33.00 | 25.00 | 30.00 |
Balance Sheet - All values are in GBP (M).
Year Ending |
31/12/2023 |
31/12/2022 |
31/12/2021 |
31/12/2020 |
31/12/2019 |
31/12/2018 |
---|---|---|---|---|---|---|
Total Non-Current Assets | 2,142.00 | 2,282.00 | 1,982.00 | 2,052.00 | 2,060.00 | 2,017.00 |
Total Current Assets | 2,049.00 | 2,193.00 | 2,258.00 | 1,901.00 | 1,508.00 | 1,391.00 |
Total Assets | 4,191.00 | 4,475.00 | 4,240.00 | 3,953.00 | 3,568.00 | 3,408.00 |
Total Liabilities | 2,363.00 | 2,599.00 | 2,722.00 | 2,802.00 | 2,690.00 | 2,559.00 |
Total Net Assets | 1,828.00 | 1,876.00 | 1,518.00 | 1,151.00 | 878.00 | 849.00 |
Shareholders Funds | 1,786.00 | 1,822.00 | 1,480.00 | 1,122.00 | 848.00 | 815.00 |
Minority Interests | 43.00 | 47.00 | 28.00 | 33.00 | 25.00 | 30.00 |
Total Equity | 1,828.00 | 1,876.00 | 1,518.00 | 1,151.00 | 878.00 | 849.00 |
Outlook
Broker View
Data shown is based on the past 75 days of broker views.
ActionBrokers |
Strong Buy2 |
Buy3 |
Neutral5 |
Sell1 |
Strong Sell0 |
---|---|---|---|---|---|
Brokers | 2 | 3 | 5 | 1 | 0 |
Consensus |
ConsensusBuy |
Not advice based on your circumstances. Does not constitute a recommendation to buy or sell this or any other security. Selected data supplied by Digital Look® Read more.
Forecasts
Year | 2024 | 2025 | 2026 |
---|---|---|---|
Revenue | £3,642.57mn | £3,778.09mn | £3,933.30mn |
Pre-tax-Profit | £473.55mn | £525.26mn | £549.73mn |
EPS | £0.09p | £0.10p | £0.11p |
EPS Growth | 10.55% | 13.01% | 17.68% |
P/E | 8.6 | 7.47 | 6.96 |
PEG Ratio | 0.81 | 0.57 | 0.39 |
Dividend | 4.73p | 4.94p | 5.47p |
Yield | 0.00% | 0.00% | 0.00% |
Upgrades & Downgrades (Latest)
Date | Broker | Recommendation | Price | Old Target | New Target | Change |
---|---|---|---|---|---|---|
7th Mar 2024 | Numis | Reiteration | 68p | 0p | 0p | Buy |
25th Jan 2024 | Shore Capital | Reiteration | 61p | 0p | 0p | Buy |
27th Jun 2023 | JP Morgan Cazenove | Reiteration | 68p | 0p | 140p | Overweight |
16th Jun 2023 | Numis | Reiteration | 71p | 0p | 80p | Hold |
13th Mar 2023 | Shore Capital | Reiteration | 82p | 0p | 0p | Buy |
9th Mar 2023 | Deutsche | Upgrade | 88p | 0p | 0p | Buy |
28th Feb 2023 | Shore Capital | Reiteration | 88p | 0p | 0p | Buy |
31st Jan 2023 | Barclays | Reiteration | 81p | 70p | 80p | Equal-weight |
16th Dec 2022 | Shore Capital | Reiteration | 69p | 0p | 0p | Buy |
10th Nov 2022 | Barclays | Reiteration | 72p | 75p | 70p | Equal-weight |
Time & Sales
All prices are in GBX and times are in GMT. Last 20 trades shown. Trade type is estimated and should be treated as indicative only.
Date | Time | Price | Volume | Type |
---|---|---|---|---|
28 Mar 2024 | 17:29 | 73.721 | 2,789 | Sell |
28 Mar 2024 | 17:28 | 73.523 | 228,075 | Sell |
28 Mar 2024 | 17:28 | 73.827 | 4,750 | Sell |
28 Mar 2024 | 17:27 | 73.5 | 26,560 | Sell |
Selected data supplied by Thomson Reuters © View restrictions.