ITV plc (ITV) is a leading broadcasting business based in the UK. It opened the day at 65.98p after a previous close of 66.14p. During the day the price has varied from a low of 65.12p to a high of 66.72p. The latest price was 65.68p (25 minute delay). ITV is listed on the London Stock Exchange (LSE) and employs 6,000 staff. All prices are listed in pence sterling.
Since the stock market crash in March caused by coronavirus, ITV's share price has had significant negative movement.
Its last market close was 73.82p, which is 43.48% down on its pre-crash value of 130.6p and 47.46% up on the lowest point reached during the March crash when the shares fell as low as 50.06p.
If you had bought £1,000 worth of ITV shares at the start of February 2020, those shares would have been worth £444.59 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth £546.81.
|52-week range||50.06p - 157.05p|
|50-day moving average||66.8046p|
|200-day moving average||69.707p|
|Wall St. target price||177.5p|
|Dividend yield||0.08p (14.7%)|
|Earnings per share (TTM)||7.5p|
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
|1 week (2020-11-26)||-29.68%|
|1 month (2020-11-02)||-8.98%|
|3 months (2020-09-03)||5.94%|
|6 months (2020-06-03)||-25.65%|
|1 year (2019-12-03)||-52.66%|
|2 years (2018-12-03)||-54.26%|
|3 years (2017-12-01)||-58.69%|
|5 years (2015-12-03)||-75.54%|
Valuing ITV stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of ITV's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
ITV's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, ITV shares trade at around 10x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the FTSE 250 at the end of September 2019 (19.71). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
However, ITV's P/E ratio is best considered in relation to those of others within the broadcasting industry or those of similar companies.
ITV's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.9. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into ITV's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
However, it's sensible to consider ITV's PEG ratio in relation to those of similar companies.
ITV's EBITDA (earnings before interest, taxes, depreciation and amortisation) is £551 million.
The EBITDA is a measure of a ITV's overall financial performance and is widely used to measure a its profitability.
To put ITV's EBITDA into context you can compare it against that of similar companies.
|Revenue TTM||£3 billion|
|Operating margin TTM||15.25%|
|Gross profit TTM||£749.8 million|
|Return on assets TTM||8.06%|
|Return on equity TTM||35.99%|
|Market capitalisation||£2.9 billion|
TTM: trailing 12 months
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like ITV.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 11.75
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and ITV's overall score of 11.75 (as at 10/01/2020) is excellent – landing it in it in the 5th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like ITV is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
To gain some more context, you can compare ITV's total ESG risk score against those of similar companies.
Environmental score: 3.53/100
ITV's environmental score of 3.53 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that ITV is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 4.79/100
ITV's social score of 4.79 puts it squarely in the 5th percentile of companies rated in the same sector. This could suggest that ITV is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 8.43/100
ITV's governance score puts it squarely in the 5th percentile of companies rated in the same sector. That could suggest that ITV is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, ITV scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that ITV has, for the most part, managed to keep its nose clean.
Wondering how that compares? Below are the controversy scores of similar companies.
|Total ESG score||11.75|
|Total ESG percentile||5.2|
|Environmental score percentile||5|
|Social score percentile||5|
|Governance score percentile||5|
|Level of controversy||2|
Dividend payout ratio: 11428.57% of net profits
Recently ITV has paid out, on average, around 11428.57% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 14.7% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), ITV shareholders could enjoy a 14.7% return on their shares, in the form of dividend payments. In ITV's case, that would currently equate to about 0.08p per share.
ITV's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
The latest dividend was paid out to all shareholders who bought their shares by 9 April 2020 (the "ex-dividend date").
ITV's dividend payout ratio is perhaps best considered in relation to those of similar companies.
ITV's shares were split on a 3:1 basis on 2 February 2001. So if you had owned 1 share the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your ITV shares – just the quantity. However, indirectly, the new 66.7% lower share price could have impacted the market appetite for ITV shares which in turn could have impacted ITV's share price.
Over the last 12 months, ITV's shares have ranged in value from as little as 50.06p up to 157.05p. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (LSE average) beta is 1, while ITV's is 1.4095. This would suggest that ITV's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
To put ITV's beta into context you can compare it against those of similar companies.
ITV plc, an integrated producer broadcaster, creates, owns, and distributes content on various platforms worldwide. It operates through Broadcast & Online, and ITV Studios segments. The Broadcast & Online segment broadcasts various contents on its family of free-to-air channels, including ITV, ITV2, ITV3, ITV4, ITVBe, ITV Encore, CITV, ITV Breakfast, CITV Breakfast, and various related +1 and HD equivalents; and offers television advertising services. It also delivers content through linear television broadcasting; ITV Hub, an over-the-top service on 28 platforms, including itv.com Website; and pay providers, such as Virgin and Sky, as well as through direct content deals with services comprising Amazon, Apple, and Netflix. In addition, this segment offers online advertising, HD digital channel on pay platform, and ITV Choice subscription services, as well as licenses DTT Multiplex A. The ITV Studios segment creates and produces programs and formats that include drama, entertainment, and factual entertainment for its own channels and other broadcasters, such as the BBC, Channel 4, Channel 5, and Sky. It also operates as an unscripted independent producer of content in the United States; and produces content for local broadcasters in Australia, Germany, France, Italy, the Netherlands, Sweden, Norway, Finland, and Denmark. In addition, this segment's distribution business licenses finished programs and formats, and third-party content internationally, as well as finances productions. The company also engages in the development of platform, broadband, transactional, and mobile services; operation of Freeview Multiplex A; rights ownership and distribution of television programs and films; and scheduling and commissioning of television programs. ITV plc was founded in 1955 is headquartered in London, the United Kingdom.
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