Television Broadcasts Limited
Television Broadcasts Limited, together with its subsidiaries, engages in terrestrial television broadcasting, program production, and other television-related activities. It operates through Hong Kong TV Broadcasting; Over-The-Top (OTT) Streaming; e-Commerce Business; Mainland China Operations; and International Operations segments. The Hong Kong TV Broadcasting segment is involved in the broadc… Read more
Television Broadcasts Limited (TVBCF) - Net Assets
Latest net assets as of June 2025: $2.08 Billion USD
Based on the latest financial reports, Television Broadcasts Limited (TVBCF) has net assets worth $2.08 Billion USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.54 Billion) and total liabilities ($3.46 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $2.08 Billion |
| % of Total Assets | 37.6% |
| Annual Growth Rate | -0.26% |
| 5-Year Change | -58.56% |
| 10-Year Change | -71.98% |
| Growth Volatility | 12.09 |
Television Broadcasts Limited - Net Assets Trend (1999–2024)
This chart illustrates how Television Broadcasts Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Television Broadcasts Limited (1999–2024)
The table below shows the annual net assets of Television Broadcasts Limited from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $2.20 Billion | -19.84% |
| 2023-12-31 | $2.74 Billion | -24.00% |
| 2022-12-31 | $3.60 Billion | -21.53% |
| 2021-12-31 | $4.59 Billion | -13.30% |
| 2020-12-31 | $5.30 Billion | -5.20% |
| 2019-12-31 | $5.59 Billion | -11.39% |
| 2018-12-31 | $6.31 Billion | -11.88% |
| 2017-12-31 | $7.16 Billion | -1.01% |
| 2016-12-31 | $7.23 Billion | -7.73% |
| 2015-12-31 | $7.84 Billion | -9.97% |
| 2014-12-31 | $8.70 Billion | +3.29% |
| 2013-12-31 | $8.43 Billion | +6.84% |
| 2012-12-31 | $7.89 Billion | +11.19% |
| 2011-12-31 | $7.09 Billion | +9.33% |
| 2010-12-31 | $6.49 Billion | +11.50% |
| 2009-12-31 | $5.82 Billion | +3.28% |
| 2008-12-31 | $5.63 Billion | +4.94% |
| 2007-12-31 | $5.37 Billion | +10.28% |
| 2006-12-31 | $4.87 Billion | +10.52% |
| 2005-12-31 | $4.41 Billion | +16.31% |
| 2004-12-31 | $3.79 Billion | +12.07% |
| 2003-12-31 | $3.38 Billion | +3.20% |
| 2002-12-31 | $3.27 Billion | +4.08% |
| 2001-12-31 | $3.15 Billion | +16.52% |
| 2000-12-31 | $2.70 Billion | +15.11% |
| 1999-12-31 | $2.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Television Broadcasts Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 160465200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.60 Billion | 70.88% |
| Common Stock | $771.83 Million | 34.09% |
| Other Comprehensive Income | $-322.08 Million | -14.23% |
| Other Components | $209.65 Million | 9.26% |
| Total Equity | $2.26 Billion | 100.00% |
Television Broadcasts Limited Competitors by Market Cap
The table below lists competitors of Television Broadcasts Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chung Hwa Pulp Corp
TW:1905
|
$136.53 Million |
|
FIRST INTERN.BANCO.DL-01
F:45H
|
$136.53 Million |
|
Panin Financial Tbk
JK:PNLF
|
$136.61 Million |
|
TARC Limited
NSE:TARC
|
$136.62 Million |
|
Nordfyns Bank A/S
CO:NRDF
|
$136.51 Million |
|
Evolution Petroleum Corporation Inc
NYSE MKT:EPM
|
$136.49 Million |
|
RCE Capital Berhad
KLSE:9296
|
$136.46 Million |
|
Quoc Cuong Gia Lai JSC
VN:QCG
|
$136.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Television Broadcasts Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,751,534,000 to 2,264,055,000, a change of -487,479,000 (-17.7%).
- Net loss of 491,049,000 reduced equity.
- New share issuances of 106,602,000 increased equity.
- Other comprehensive income decreased equity by 310,192,000.
- Other factors increased equity by 207,160,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-491.05 Million | -21.69% |
| Share Issuances | $106.60 Million | +4.71% |
| Other Comprehensive Income | $-310.19 Million | -13.7% |
| Other Changes | $207.16 Million | +9.15% |
| Total Change | $- | -17.72% |
Book Value vs Market Value Analysis
This analysis compares Television Broadcasts Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.08x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $5.33 | $0.39 | x |
| 2000-12-31 | $6.07 | $0.39 | x |
| 2001-12-31 | $7.20 | $0.39 | x |
| 2002-12-31 | $7.49 | $0.39 | x |
| 2003-12-31 | $7.53 | $0.39 | x |
| 2004-12-31 | $8.39 | $0.39 | x |
| 2005-12-31 | $10.00 | $0.39 | x |
| 2006-12-31 | $11.06 | $0.39 | x |
| 2007-12-31 | $12.20 | $0.39 | x |
| 2008-12-31 | $12.80 | $0.39 | x |
| 2009-12-31 | $13.23 | $0.39 | x |
| 2010-12-31 | $14.75 | $0.39 | x |
| 2011-12-31 | $16.13 | $0.39 | x |
| 2012-12-31 | $17.81 | $0.39 | x |
| 2013-12-31 | $18.98 | $0.39 | x |
| 2014-12-31 | $19.46 | $0.39 | x |
| 2015-12-31 | $17.54 | $0.39 | x |
| 2016-12-31 | $16.13 | $0.39 | x |
| 2017-12-31 | $15.97 | $0.39 | x |
| 2018-12-31 | $14.12 | $0.39 | x |
| 2019-12-31 | $12.45 | $0.39 | x |
| 2020-12-31 | $11.70 | $0.39 | x |
| 2021-12-31 | $9.95 | $0.39 | x |
| 2022-12-31 | $7.99 | $0.39 | x |
| 2023-12-31 | $6.28 | $0.39 | x |
| 2024-12-31 | $5.05 | $0.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Television Broadcasts Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.07%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 2.41x
- Recent ROE (-21.69%) is below the historical average (9.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 21.39% | 15.14% | 0.91x | 1.56x | $262.30 Million |
| 2000 | 28.20% | 21.45% | 0.83x | 1.58x | $483.24 Million |
| 2001 | 17.78% | 17.13% | 0.77x | 1.34x | $244.73 Million |
| 2002 | 18.15% | 18.79% | 0.74x | 1.31x | $266.76 Million |
| 2003 | 13.95% | 13.88% | 0.70x | 1.43x | $130.15 Million |
| 2004 | 19.60% | 18.85% | 0.79x | 1.32x | $352.35 Million |
| 2005 | 26.93% | 28.25% | 0.78x | 1.21x | $741.84 Million |
| 2006 | 24.53% | 28.29% | 0.74x | 1.17x | $704.08 Million |
| 2007 | 23.65% | 29.21% | 0.69x | 1.17x | $729.29 Million |
| 2008 | 18.82% | 23.95% | 0.65x | 1.20x | $494.52 Million |
| 2009 | 15.54% | 22.61% | 0.57x | 1.22x | $321.10 Million |
| 2010 | 20.58% | 28.45% | 0.58x | 1.24x | $683.80 Million |
| 2011 | 22.02% | 29.86% | 0.59x | 1.25x | $849.24 Million |
| 2012 | 22.20% | 31.80% | 0.56x | 1.25x | $952.13 Million |
| 2013 | 20.90% | 30.57% | 0.55x | 1.24x | $906.52 Million |
| 2014 | 16.53% | 24.42% | 0.55x | 1.24x | $557.09 Million |
| 2015 | 17.33% | 29.88% | 0.49x | 1.19x | $563.18 Million |
| 2016 | 7.08% | 11.87% | 0.34x | 1.75x | $-206.52 Million |
| 2017 | 3.48% | 5.62% | 0.36x | 1.72x | $-455.86 Million |
| 2018 | -3.22% | -4.45% | 0.44x | 1.66x | $-817.35 Million |
| 2019 | -5.41% | -8.08% | 0.42x | 1.58x | $-840.09 Million |
| 2020 | -5.48% | -10.31% | 0.28x | 1.92x | $-793.49 Million |
| 2021 | -14.84% | -22.31% | 0.38x | 1.75x | $-1.08 Billion |
| 2022 | -23.07% | -22.51% | 0.51x | 2.01x | $-1.16 Billion |
| 2023 | -27.72% | -22.96% | 0.53x | 2.27x | $-1.04 Billion |
| 2024 | -21.69% | -15.07% | 0.60x | 2.41x | $-717.45 Million |
Industry Comparison
This section compares Television Broadcasts Limited's net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $461,004,694
- Average return on equity (ROE) among peers: -112.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Television Broadcasts Limited (TVBCF) | $2.08 Billion | 21.39% | 1.66x | $136.52 Million |
| Aferian Plc (AOECF) | $78.88 Million | -22.09% | 0.59x | $3.61 Million |
| TV Azteca S.A.B. de C.V (AZTEF) | $3.48 Billion | -18.61% | 7.05x | $89.58K |
| Beasley Broadcast Group Inc (BBGI) | $47.53 Million | -64.28% | 4.57x | $2.28 Million |
| Cumulus Media Inc Class A (CMLS) | $512.74 Million | 38.24% | 6.55x | $1.82 Million |
| Curiositystream Inc. (CURI) | $72.65 Million | -67.31% | 0.39x | $138.54 Million |
| Emmis Communications Corp (EMMS) | $-6.51 Million | 0.00% | 0.00x | $26.80 Million |
| Freedom Holdings Inc (FHLD) | $268.93K | -415.05% | 9.21x | $894.13K |
| Fubotv Inc (FUBO) | $283.82 Million | -101.28% | 3.34x | $409.09 Million |
| Granite Broadcasting Corporation (GRRP) | $26.99 Million | -302.20% | 16.49x | $1.99K |
| Gray Television Inc (GTN-A) | $117.11 Million | -172.51% | 9.92x | $894.19 Million |