Wednesday, November 6, 2013

The market leader in Mexican Televisa is able to exploit the anomalies of the Mexican market gainin

Televisa does not cry with soap | Morningstar
Stock analysis Televisa does not cry with soap The company specializes in Latin American TV serial u tube has a strong advantage competitvo. The currency market adequately the title and analysts recommend caution.
The Mexican Televisa television group promises to grind higher profit margins and solid growth rates in the coming years, but at current prices, the stock market u tube appears to be adequately assessed. Our recommendation, therefore, is to wait margins higher before exposure.
The market leader in Mexican Televisa is able to exploit the anomalies of the Mexican market gaining a dominant u tube position within the segment-air TV and Pay TV Under an agreement signed with the Government of Mexico, the company has in fact ensured the license for the frequencies of four of the ten television channels broadcast in Mexico City, while its main competitor, TV Azteca, has only two. This is the condition that allows her to make the most of his second business, ie the production of TV programs.
Television is one of the largest producers of soap operas and serials in Spanish. Contents very profitable because they are able to associate to the low cost of manufacturing u tube the high revenues generated by advertising revenue. These programs are among the most popular and are able to gather in the early evening also an audience of 70%. The soundness of these businesses allows Televisa to generate strong cash flows that go to finance, on the one hand, the substantial u tube dividends to shareholders and, secondly, the investment in the Pay TV segment. At the moment the Mexican group holds interests in four pay-TV broadcasters, u tube activities that generate about one-third of its operating income.
For predictions for the future Our analysts estimate for the next five years, u tube an average turnover growth of 6% and an operating margin improvements that should take the current 26% to 27% in 2017. The liquidity produced will also significantly reduce the level of indebtedness of the group. Based on these considerations, our estimate of the target price is 26 U.S. dollars per share, an assessment that, based on current market prices, the shares of Televisa gives a Morningstar rating of three stars.
According to the latest report from Morningstar on the collection, to September prevailed redeemed ... The difference between price and value
Help Glossary Licensing Opportunities Date Opportunities Careers Contact us Advertise Site Map International Sites Australia Austria Belgium Canada Czech Republic China Denmark Estonia Finland France Germany Hong Kong India Italy Japan Korea Malaysia Netherlands New Zealand Norway Poland Portugal Singapore South Africa Spain Sweden Switzerland Taiwan Thailand United Kingdom United States


No comments:

Post a Comment