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TF1 SA (TVFCF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of TF1 SA $13.82, price $9.19, upside +50.4%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Broad data
Sep 24, 2026
Broad data
Sep 24, 2026
TF1 SA
TVFCF · USClearly undervaluedStrong Fair Value upside, but quality is only moderate.
✓Fair value $13.82 · Strongly undervalued (+50.4%)
!Quality 56/100
!Weak Growth (revenue 5y +2.0 %/yr)
!Thin margins · 6.3% net margin (TTM)
✓Low debt · generates free cash flow
!6.9% dividend yield · Watch coverage
!Narrow moat 37/100
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 24, 2026.
How to read this chart
60‑month range $2.92 – $10.24 · fair‑value band $9.68 – $17.97 · the $9.19 price screens below the $13.82 fair value. As of Sep 24, 2026.
Company profile
TF1 SA operates as a media and entertainment company, primarily engages in television broadcasting, content creation, and distribution of audiovisual rights in France, Continental Europe, and internationally. The company operates through two segments, Media and Studio TF1.
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TF1 SA operates as a media and entertainment company, primarily engages in television broadcasting, content creation, and distribution of audiovisual rights in France, Continental Europe, and internationally. The company operates through two segments, Media and Studio TF1. The Media segment includes TV channels and content creation activities, the TF1+ free streaming platform, and produces and acquires audiovisual rights for TV channels in line with French broadcasting industry regulations. This segment engages in the sale of advertising space through individually negotiated space-buying deals and programmatic ad sale auctions; and making content and services. The Studio TF1 segment produces, acquires, develops, and distributes audiovisual rights, such as films, drama, TV movies, cartoons, documentaries, unscripted shows, etc. TF1 SA was incorporated in 1982 and is based in Boulogne-Billancourt, France.
Stock analysis
TF1 SA (TVFCF) currently trades at $9.19, while our model-based Fair Value estimate is $13.82, implying the stock looks roughly 33.5% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $16.75 per share, and 19 of the 22 models we run sit above the $9.19 price.
Bear case: the Asset-Based group reads lowest at $7.38, and 3 of the 22 models stay below the price. Evidence for this calculation is high.
Scenario range: $9.68 (bear) to $17.97 (bull), the price of $9.19 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Communication Services sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
TF1 SA reported revenue of €2.3B in FY2025 versus €2.4B in FY2021, a compound −1.4%/yr. Reported net income was €153M in FY2025, compounding −9.3%/yr from FY2021.
Key figures
Market cap $1.9B · P/E ratio 11.9 · P/S ratio 0.79 · EPS (TTM) $0.7700 · Dividend yield 6.9% · Net margin 6.7% · Return on equity 7.3% · Return on assets (EBIT) 7.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Communication Services peers we cover trades at 25% fair-value upside, at 50%, TVFCF screens cheaper than that median.
Fair Value models
Bear $9.68
Fair Value $13.82
Bull $17.97
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.1059 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
$8.22
$9.53
$11.89
82
Growth DCF
$8.36
$9.61
$11.67
80
Owner Earnings
$13.53
$16.31
$21.31
78
All 22 models by family
DCF Models
FCF DCF
$8.22
$9.53
$11.89
82
Owner Earnings
$13.53
$16.31
$21.31
78
5Y Revenue Exit
$10.39
$13.93
$19.20
73
5Y EBITDA Exit
$19.97
$30.27
$44.17
75
5Y P/E Exit
$12.13
$16.90
$22.70
71
10Y Revenue Exit
$9.19
$11.80
$14.74
68
10Y EBITDA Exit
$14.76
$21.42
$29.00
69
10Y P/E Exit
$10.37
$13.55
$16.74
65
Earnings-Based
Graham-Dodd
$5.56
$8.30
$9.85
67
EPV
$8.91
$9.64
$10.26
74
Multiples
P/E Multiple
$13.50
$18.00
$22.50
63
P/S Multiple
$10.43
$13.91
$17.39
58
P/B Multiple
$10.43
$13.91
$17.39
55
EV/EBIT
$15.73
$19.80
$23.88
66
EV/EBITDA
$33.08
$42.94
$52.80
67
EV/Revenue
$12.77
$16.75
$20.72
54
Asset-Based
NCAV (Graham)
$5.51
$7.38
$11.02
54
Growth DCF
Growth DCF
$8.36
$9.61
$11.67
80
Rev-Margin DCF
$10.39
$14.05
$18.58
74
Economic Profit
Residual Income
$8.65
$9.07
$9.81
76
ROIC Compounder
$8.91
$9.64
$10.26
72
Growth Earnings
Growth-Adj P/E
$9.52
$13.59
$17.67
67
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Set up alert →Quality Score breakdown
Overall quality
56/100
Of which business quality 57 · Market factors (momentum, volatility) 56
Profitability
43
Margins and returns on capital today
Quality Growth
26
Are margins and returns improving?
Cashflow
51
Earnings quality: real cash, not paper profit
Fin. Strength
75
Balance sheet, leverage, solvency risk
Investment
68
Disciplined investing over empire-building
Low Volatility
42
Calm price path (market factor)
Momentum
71
Price trend over the last 3–12 months (market factor)
52W Momentum
46
Distance to the 52-week high (market factor)
Net Issuance
81
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−2.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+2.0%
Start year 2020 (pandemic). Over 10 years: +2.5% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.4%
Dividend (yield on the price)6.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−0.4% vs 4.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.6% → 8%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+2.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+0.6%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in EUR, euro area: IMF forecast 2.2% a year to 2030, 2.6% from 2016 to 2025) that is about +0.1% a year for the price and −1.6% for the forecasts.
Forecast 2026 (sales)−3.6%
Forecast 2027 (sales)+1.6%
Projected 2028 (sales)+1.7%
Projected 2029 (sales)+1.7%
Projected 2030 (sales)+1.8%
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Broadcasting · 64 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation Multiplesvs Broadcasting median · lower = cheaper
Context: sector, industry, market
- Is the Communication Services sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Communication Services
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Broadcasting stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Nexstar Media Group NXST | $162.10 | $178.31 | +10% |
| Sun TV Network Limited SUNTV | ₹605.00 | ₹586.58 | −3% |
| Jiangsu Broadcasting Cable Information Network Corporation 600959 | ¥3.11 | ¥1.72 | −45% |
| SES S.A SESG | €4.32 | €10.08 | +133% |
| MFE-Mediaforeurope N.V MFEA | €2.21 | €5.62 | +154% |
| MBC Group 4072 | 19.03 SAR | 8.97 SAR | −53% |
| Métropole Télévision S.A MMT | €10.76 | €15.98 | +49% |
| Beijing Gehua Catv Network Co 600037 | ¥7.07 | ¥3.62 | −49% |
| PT Elang Mahkota Teknologi Tbk, through its subsidiaries, EMTK | 384.00 IDR | 782.48 IDR | +104% |
| Sinclair, Inc SBGI | $12.51 | $15.59 | +25% |
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Frequently asked questions
Is TF1 SA (TVFCF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $13.82 versus a price of $9.19, about +50% upside (undervalued).
What is the fair value of TVFCF?
Our model-based fair value for TF1 SA is $13.82 (as of Sep 24, 2026), built from audited fundamentals. The current price: $9.19.
What is the quality score of TVFCF?
TF1 SA has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for TF1 SA (TVFCF)?
Our model-based price target is the fair value of $13.82 (as of Sep 24, 2026) from 22 valuation models. Cautious scenario $9.68, optimistic scenario $17.97. It is a calculation from audited fundamentals, not an analyst target.
What is the TF1 SA stock forecast for 2026?
Our models put fair value at $13.82, about +50% upside versus a price of $9.19 (undervalued). Cautious scenario $9.68, optimistic scenario $17.97. The calculation is refreshed regularly with new filings.
What is the revenue of TF1 SA (TVFCF)?
TF1 SA reported trailing-twelve-month revenue of about €2.2B (latest available figure, as of Sep 24, 2026).
Does TF1 SA pay a dividend?
TF1 SA currently shows a dividend yield of about 6.86% relative to its recent price (as of Sep 24, 2026).
What growth is priced into TF1 SA (TVFCF)?
For today's price to be fair in a discounted-cash-flow model, TF1 SA would have to grow free cash flow by +2.3 % per year for five years (discount rate 10.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TVFCF use?
Our models discount TF1 SA at 10.4 %: a base by market capitalisation (small), damped by beta 0.71, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For TF1 SA that is +2.3 % per year a year over ten years, using the same discount rate (10.4 %) and the same formula as our fair value.
How much growth has TF1 SA (TVFCF) delivered so far?
Over the past 5 years revenue at TF1 SA grew +2.0 % a year. The price currently implies +2.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of TF1 SA (TVFCF) growing?
The median revenue growth in the sector is +3.0 % a year. That is the yardstick for the growth priced into TF1 SA (+2.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of TF1 SA (TVFCF)?
The free-cash-flow yield on the price is 5.69 %: that much free cash flow TF1 SA produces per unit of market value. When it exceeds the discount rate of our models (10.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of TF1 SA (TVFCF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For TF1 SA it is $13.82 per share (as of Sep 24, 2026), against a price of $9.19. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is TF1 SA stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TVFCF trades below its calculated fair value: price $9.19, fair value $13.82, a gap of about +50% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of TVFCF?
No. The price is what the market pays today ($9.19); the fair value is what the company's own numbers justify ($13.82). For TF1 SA the two are $4.63 per share apart. That gap is exactly why we show both numbers side by side.
How much is TF1 SA worth?
The market values TF1 SA at about $1.9B (market capitalisation, as of Sep 24, 2026). Per share that is $9.19; our models calculate a fair value of $13.82 per share.
What do the bullish and bearish scenarios say about TVFCF?
Our models span a range for TF1 SA: cautious scenario $9.68, base $13.82, optimistic $17.97 per share (as of Sep 24, 2026, price $9.19). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TVFCF?
TF1 SA trades at a price-to-earnings ratio of 11.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $13.82 is built from several models across several years. Other multiples: P/B 0.9, P/S 0.9, EV/EBITDA 4.7.
How solid is the balance sheet of TF1 SA (TVFCF)?
Balance-sheet figures for TF1 SA (as of Sep 24, 2026): return on equity 7.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
Which stocks are comparable to TF1 SA?
From the same area (Communication Services) we also value Nexstar Media Group, Sun TV Network Limited, Jiangsu Broadcasting Cable Information Network Corporation, SES S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is TF1 SA stock attractive at the current price?
The data as of Sep 24, 2026: price $9.19, calculated fair value $13.82 (+50%), Quality Score 56/100, from 22 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of TVFCF calculated?
We run TF1 SA through 22 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $13.82, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. TF1 SA currently trades 34 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of TF1 SA (TVFCF)?
The closing price on Oct 2, 2026 was $9.19. Our model-based fair value is $13.82, about +50% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with TF1 SA right now?
The price is below even our cautious bear case ($9.68). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range ($9.68 to $17.97) leaves room in how you read the outcome.
Where does the earnings growth of TF1 SA (TVFCF) come from?
Earnings per share at TF1 SA grew −0.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.5 %, EBIT margin +7.3 %, tax rate −1.8 %, residual (interest, one-offs) −7.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of TF1 SA
How large is the market capitalisation of TF1 SA (TVFCF)?
The market capitalisation of TF1 SA is $1.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of TF1 SA (TVFCF)?
The price-to-sales ratio of TF1 SA is 0.79 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of TF1 SA (TVFCF)?
Earnings per share at TF1 SA are $0.7700 (price ÷ EPS = P/E 11.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of TF1 SA (TVFCF)?
The dividend yield of TF1 SA is 6.9% (payout 81.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of TF1 SA (TVFCF)?
The net margin of TF1 SA is 6.7% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of TF1 SA (TVFCF)?
The return on equity (ROE) of TF1 SA is 7.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of TF1 SA (TVFCF)?
On an EBIT basis the return on assets of TF1 SA is 7.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of TF1 SA (TVFCF)?
The operating margin of TF1 SA is 2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at TF1 SA (TVFCF)?
Revenue at TF1 SA is growing −9.3% versus a year earlier (3y avg −2.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at TF1 SA (TVFCF)?
Earnings per share at TF1 SA are growing −71.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does TF1 SA (TVFCF) hold?
TF1 SA holds more cash than debt, €461M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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