Television Francaise 1 S.A.

Television Francaise 1 is a French general-interest television channel. Co. is an integrated communications group. Its activities cover the whole of the audiovisual industry: upstream in production, acquisition and sale of audiovisual rights and also in distribution of feature films to cinemas; downstream in sale of advertising space, and publishing and distribution of DVDs and music CDs. Co. is also engaged in home-shopping TV with Teleshopping, and pay-TV market. In addition, Co. produces multimedia content. Its activities can be divided into four sectors: Broadcasting France, Broadcasting International, Audiovisual Rights and Other Activities.
  • TickerTFI
  • ISINFR0000054900
  • ExchangeEuronext Paris
  • SectorMedia
  • CountryFrance

Analysts

Alain William ...
  • Christophe Chaput
  • Emira Sagaama
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/31/2019 Date Performance since listing Date Performance since listing

...

Jerôme Bodin

TF1 : A tough Q3 but likely return to normal in Q4

>More challenging-than-expected Q3 for advertising revenues but Q4 showing a marked improvement - TF1 yesterday morning reported its Q3 2019 results which were broadly in line with our expectations (recurring EBITA of € 21.4m vs ODDO BHF at € 24.4m) despite a disappointing advertising performance. The group no longer discloses advertising revenues for its free-to-air channels which we estimate at around -6% (vs -3.5% forecast). This is mainly attributable to a very de...

Thomas Coudry

TF1: Undeserved stock reaction following Q3 | BUY | EUR10.7 vs. EUR11 (+45%)

TF1 - BUY | EUR10.7 vs. EUR11 (+45%) Undeserved stock reaction following Q3 Excessive focus on Q3’s top line Q4 should be much far favourable Slight revision of fair value, buy confirmed

Alain William ...
  • Christophe Chaput
  • Emira Sagaama
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 31/10/2019

...

Jerôme Bodin

TF1 : T3 2019 difficile mais probable retour à la normale au T4

>Un CA publicitaire T3 plus difficile qu'attendu mais T4 en nette amélioration - TF1 a publié hier matin ses résultats du T3 2019 ressortis à peu près en ligne avec nos attentes (EBITA récurrent de 21.4 M€ vs ODDO BHF à 24.4 M€) malgré une performance publicitaire décevante. Le groupe ne communique plus le CA publicitaire de ses chaînes gratuites, que nous estimons autour de -6% (vs -3.5% attendu) en raison d'un effet de base difficile. Le groupe a toutefois compensé ...

Jerôme Bodin

TF1 : A tough Q3 but likely return to normal in Q4

>More challenging-than-expected Q3 for advertising revenues but Q4 showing a marked improvement - TF1 yesterday morning reported its Q3 2019 results which were broadly in line with our expectations (recurring EBITA of € 21.4m vs ODDO BHF at € 24.4m) despite a disappointing advertising performance. The group no longer discloses advertising revenues for its free-to-air channels which we estimate at around -6% (vs -3.5% forecast). This is mainly attributable to a very de...

Thomas Coudry

TF1: Undeserved stock reaction following Q3 | BUY | EUR10.7 vs. EUR11 (+45%)

TF1 - BUY | EUR10.7 vs. EUR11 (+45%) Undeserved stock reaction following Q3 Excessive focus on Q3’s top line Q4 should be much far favourable Slight revision of fair value, buy confirmed

Jerôme Bodin

TF1 : T3 2019 difficile mais probable retour à la normale au T4

>Un CA publicitaire T3 plus difficile qu'attendu mais T4 en nette amélioration - TF1 a publié hier matin ses résultats du T3 2019 ressortis à peu près en ligne avec nos attentes (EBITA récurrent de 21.4 M€ vs ODDO BHF à 24.4 M€) malgré une performance publicitaire décevante. Le groupe ne communique plus le CA publicitaire de ses chaînes gratuites, que nous estimons autour de -6% (vs -3.5% attendu) en raison d'un effet de base difficile. Le groupe a toutefois compensé ...

Thomas Coudry

TF1: Q3 results lower than expected | BUY | EUR11(+35%)

TF1 - BUY | EUR11(+35%) Q3 results lower than expected Group results lower than expected Slowdown in the Broadcasting segment Lower performance from studios and entertainment and Digital

Jerôme Bodin

ODDO : Q3 bodes to be more difficult than expected for European TV groups

>A challenging Q3, but significant differences depending on the country - This article provides an update on our Q3 advertising forecasts for European TV groups. This is a difficult exercise since the last few days of September (the most significant month of the quarter) might create some slippage. These are therefore initial estimates based on our sentiment of the market and discussions with various companies in the sector. Our general feeling is that market con...

Alain William ...
  • Christophe Chaput
  • Emira Sagaama
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 10/31/2019 Date Performance since listing Date Performance since listing

...

Alain William ...
  • Christophe Chaput
  • Emira Sagaama
  • Jean-François Granjon
  • Jeremy Garnier
  • Jerôme Bodin
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Oussema Denguir
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 31/10/2019

...

Aurelien Sivignon ...
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 09/27/2019

...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/27/2019

...

Aurelien Sivignon ...
  • Hana Maalej
  • Jean-François Granjon
  • Jerôme Bodin
  • Louis Boujard, CFA
  • Philippe Ourpatian

ODDO BHF Small & MIDCAP MORNING NEWS - 27/09/2019

...

Thanks to a better fundamental star rating, TF1 (TV.FSE.1) sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to TF1 (TV.FSE.1) (FR), active in the Broadcasting & Entertainment industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 4 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date July 5, 2019, the closing price was EUR 9.15 and its expected value was estimated at EUR 9.12.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Thomas Coudry

MEDIA Top picks Q2: TF1 Group still has potential after Q1 rally

MEDIA Top picks Q2: TF1 Group still has potential after Q1 rally

Thomas Coudry

MEDIA June TV audiences impacted by the World Cup; Q2 remains sluggish

TF1 Group posted good audiences in June, driven by the World Cup, but on a quarterly basis audiences are slightly down, with all channels except TF1 declining. As expected, M6 Group was hit by the World Cup in June, but Q2 audiences are down as well, with a contraction of the M6 channel over the quarter. Viewing time keeps on declining on commercial target and millennials.

Florian Béchaz

TF1, 18 Avril 2019

Proxinvest attire l’attention des actionnaires sur tout d’abord le renouvellement de Gilles Pélisson, Président Directeur Général de TF1. Proxinvest recommande de ne pas soutenir ce renouvellement au regard du fait que le cours de l’action est en baisse et de l’absence de contre-pouvoir au sein du conseil. Proxinvest regrette par ailleurs que la rémunération sous forme d'options de M. Gilles Pélisson soit en options de la société Bouygues. En effet, l'effet incitatif est ainsi déporté sur la holding et non sur la société dirigée, TF1. De plus l'un des critères de performance pour la rémunérat...

TF1 - Assemblée générale des actionnaires du 18 avril 2019

Proxinvest publiera une étude analysant les résolutions proposées lors de la tenue de l’assemblée générale des actionnaires. Vous pouvez l'acquérir dès à présent et elle vous sera adressée par ResearchPool une fois publiée.

Jehanne Leroy

Proxy Report - 19/04/2018

Proxinvest regrette que la rémunération sous forme d'options de M. Gilles Pélisson soit en options de la société Bouygues. En effet, l'effet incitatif est ainsi déporté sur la holding et non sur la société dirigée, TF1. De plus l'un des critères de performance pour la rémunération variable annuel est en lien avec les performances du groupe Bouygues et non avec les performances du groupe TF1. Cela n'incite pas le dirigeant à réaliser de meilleurs performances pour le groupe TF1. De plus les objectifs et les réalisations des objectifs n'étant pas communiqués l'actionnaire ne peut pas estimer les...

SRI Quantitative KPIs

Les analyses Gaïa sont des analyses ESG (Environnement, Social, Gouvernance) dediees aux entreprises de tailles intermediaires (PME, ETI) françaises. Elles presentent 120 indicateurs quantitatifs sur les trois derniers exercices.

Valérie GASTALDY

Analyse court terme - TF1 : La tendance est baissière.

La tendance est baissière. Le rebond gagne en vigueur. Il est probable que cette reprise s'achève sur la résistance à 9,210 € et que les prix baissent à nouveau vers 7,700 €. La tendance de fond serait remise en cause en cas de franchissement de 9,800 €.

Valérie GASTALDY

Short term view - TF1 : The trend is bearish.

The trend is bearish. The bounce is gaining strength. The bounce might end at the resistance at €9.210 and prices would fall again toward €7.700. The background trend would be questioned should prices rise above €9.800.

Valérie GASTALDY

Analyse court terme - TF1 : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 7,700 €, puis 7,350 €. Le franchissement de 9,800 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Short term view - TF1 : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €7.700, then €7.350. Passing €9.800 would question the continuation of the fall.

Valérie GASTALDY

Medium term view - TF1 : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €8.608, then €7.350. Passing €14.526 would question the continuation of the fall.

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