TVA Group logo

TVA Group

TVA-B.TO
42
Broadcasting · Communication Services
Price
C$1.50
-0.07 (-4.46%)
Market Cap
C$64.8M
Exchange
Toronto Stock Exchange
Winston Score
42
Winston looking serious
Winston is serious
Mixed quality — meaningful strengths and weaknesses.

Winston Score between 40 and 70. The stock passes some quality checks but not all.

TVA Group is a Canadian media company based in Quebec. It runs French-language television channels, including the TVA network, which is one of the most-watched private broadcasters in the province. The company also publishes French-language magazines and has a film production and distribution arm, making it one of the largest French-language media groups in Canada.

TVA Group earns money through television advertising, subscription fees from cable and satellite providers, and magazine sales. It operates almost entirely in Quebec and is majority-owned by Quebecor, a large Canadian media conglomerate. Its main competitive advantage is its dominant position in French-language content, which serves a distinct audience that English-language competitors cannot easily reach. The biggest risk the company faces is the ongoing decline in traditional TV viewership and print readership, as audiences shift to streaming platforms and digital media, which puts pressure on both advertising revenue and long-term relevance.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.6% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+78.9% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

68.4%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$27M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Winston looking concerned
Revenue declining

TVA Group's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
-4.7%
Thin — -4.7% gross margin
Operating Margin
-4.7%
Losing money on operations — -4.7%
ROCE
-1.6%
Weak — -1.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+3.1%
Slow sales growth (3.1% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Cash Conversion
344%
Turns 344% of profit into real cash
FCF Margin
18.2%
Converts sales into free cash efficiently (18.2%)

FCF margin between 10% and 20%. Every $100 in sales becomes $10 to $20 in real cash.

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Stability

Debt / Equity
0.01
Conservative — low debt load (0.01)
Interest Cover
11.81x
Comfortably covers interest (11.8x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio
3.4x
Attractive valuation — P/E 3.4

P/E under 10. The price tag is small relative to last year's profit.

P/E vs Forward
-8.7
SLOWING
Earnings expected to fall — forward P/E higher than today

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Dividends

Not applicable for this business.
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