Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
TF1 Group is a leading French media holding company specializing in television broadcasting, content production, and digital services. It operates as a major player in the audiovisual sector, primarily through its Media segment, which accounts for approximately 85% of revenues and includes flagship free-to-air channels like TF1, TMC, TFX, TF1 Séries Films, and LCI, alongside theme channels such as TV Breizh, Ushuaïa TV, Histoire TV, and Série Club. The group also manages on-demand platforms like MYTF1 and TFOU MAX, advertising sales via TF1 PUB, and music production with Muzeek One. Its Studios segment, Newen Studios, focuses on audiovisual production across genres including TV films, fiction, animation, and documentaries. Headquartered in Boulogue-Billancourt, France, TF1 Group generates the bulk of its sales domestically (about 86%), with international presence in continental Europe and beyond. Employing around 3,100 people, it plays a pivotal role in shaping French popular culture, news, entertainment, sports, and drama content distribution.
Operating margin is thin at 8.97%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue declined 2.5% YoY. The question is whether this is cyclical or a structural shift.
Free cash flow declined 36% versus the prior year, cash generation momentum has weakened. ROIC dropped from 8.49% to 6.38%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€2.25B
▼ -2.5% YoY
Net Income (TTM)
€154M
▼ -21.6% YoY
Op. Margin
8.13%
▼ -1.5pp YoY
ROIC
6.38%
▼ -2.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€102M
▼ -36.0% YoY
Op. Cash Flow (TTM)
€442M
▲ +1.0% YoY
Net Debt
-€462M
Net Cash Position
Cash & Equiv.
€683M
3Y CAGR: -2.9%
3Y CAGR: -13.3%
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