olivLaw · European equity research
Itv PLC ITV.L
United Kingdom · London Stock Exchange · ISIN GB0033986497 · Vertical: Listed companies from United Kingdom
At the close of 03 Nov 2026, Itv PLC (ITV.L) stock was 0.65 GBP (−1.37% on the day), with market capitalisation 2.4 bn GBP, P/E 11.2 on diluted EPS of 0.06 GBP over the last 12 months, beta 0.49, 52-week range 0.64–0.85 GBP.
Data as of · Source: ESEF annual reports and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 43.5
- weak (30–45)
- Bollinger (20, 2)
- 0.64 – 0.67
- in the lower half of the band · %B 0.41 · band width 5.2%
- SMA 50 / 200
- 0.68 / 0.76
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.01 / -0.01
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | EURO STOXX 50 | vs EURO STOXX 50 | Vertical median | |
|---|---|---|---|---|
| 1 month | −2.6% | −1.0% | −1.6 pp | — |
| 3 months | −11.4% | −3.9% | −7.5 pp | — |
| 6 months | −19.1% | +7.2% | −26.2 pp | — |
| Year to date | −21.1% | +6.6% | −27.6 pp | — |
| 1 year | −5.2% | +9.1% | −14.3 pp | +5.2% |
| 3 years | −2.7% | +47.9% | −50.6 pp | +28.6% |
| 5 years | −40.0% | +43.3% | −83.3 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 33 percentile of its own 3-quarter history (min 7.1, median 12.2, max 14.2; quarters with earnings only).
Fiscal years
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 3.6 bn | 3.5 bn | 3.5 bn |
| Revenue YoY | unavailable | −3.8% | +0.7% |
| Net income | 210.0 m | 408.0 m | 220.0 m |
| Net income YoY | unavailable | +94.3% | −46.1% |
| Diluted EPS | 0.05 | 0.10 | 0.06 |
| Diluted EPS YoY | unavailable | +98.1% | −43.7% |
| net % | 5.8% | 11.7% | 6.3% |
| Free cash flow | 354.0 m | 319.0 m | 176.0 m |
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 302.0 m GBP
- Financial debt
- 765.0 m GBP
- Net debt
- 463.0 m GBP
- Equity
- 1.8 bn GBP
- Total assets
- unavailable GBP
- Debt / equity
- 0.42x
- Current ratio
- 1.29x
- ROE
- 12.0%
- ROA
- unavailable
- FCF margin
- 5.0%
Financial statements (source on every figure)
Revenue and net income (GBP)
Margins
Income statement · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Revenue | 3.6 bn | 3.5 bn | 3.5 bn | esef· 24 Mar 2026verified |
| Operating income | 238.0 m | 318.0 m | 363.0 m | esef· 24 Mar 2026verified |
| Interest expense | 70.0 m | 51.0 m | 59.0 m | esef· 24 Mar 2026verified |
| Pre-tax income | 193.0 m | 521.0 m | 338.0 m | esef· 24 Mar 2026verified |
| Income tax | -16.0 m | 115.0 m | 113.0 m | esef· 24 Mar 2026verified |
| Net income | 210.0 m | 408.0 m | 220.0 m | esef· 24 Mar 2026verified |
| Diluted EPS | 0.05 | 0.10 | 0.06 | esef· 24 Mar 2026verified |
Balance sheet · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Cash | 340.0 m | 427.0 m | 302.0 m | esef· 24 Mar 2026verified |
| Receivables | 630.0 m | 682.0 m | 744.0 m | esef· 24 Mar 2026verified |
| Current assets | 2.0 bn | 2.2 bn | 2.2 bn | esef· 24 Mar 2026verified |
| Property, plant & equipment, net | 263.0 m | 237.0 m | — | esef· 23 Apr 2025verified |
| Accounts payable | 950.0 m | 880.0 m | 924.0 m | esef· 24 Mar 2026verified |
| Short-term debt | 5.0 m | 10.0 m | 325.0 m | esef· 24 Mar 2026verified |
| Long-term debt | 758.0 m | 723.0 m | 440.0 m | esef· 24 Mar 2026verified |
| Current liabilities | 1.3 bn | 1.3 bn | 1.7 bn | esef· 24 Mar 2026verified |
| Equity | 1.8 bn | 1.8 bn | 1.8 bn | esef· 24 Mar 2026verified |
| Shares outstanding at year end | 4.0 bn | 3.9 bn | 3.7 bn | esef· 24 Mar 2026derived |
Cash flow · GBP
| Line | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|
| Operating cash flow | 385.0 m | 333.0 m | 202.0 m | esef· 24 Mar 2026verified |
| Capex | 31.0 m | 14.0 m | 26.0 m | esef· 24 Mar 2026verified |
| Free cash flow | 354.0 m ≈ | 319.0 m ≈ | 176.0 m ≈ | esef· 24 Mar 2026derived |
| Investing cash flow | -97.0 m | 246.0 m | -52.0 m | esef· 24 Mar 2026verified |
| Financing cash flow | -287.0 m | -489.0 m | -270.0 m | esef· 24 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
- score weight coverage: 52.1% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 2.4 bn GBP
Key indicators
Coverage and freshness
Score by group
52% · Insufficient data
Estimated value range
unavailable — no valuation assumptions for the reporting currency
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
Assumptions (illustrative, editorial)
- Risk-free rate
- 6.5%
- Equity risk premium
- 6.0%
- Beta (default)
- 1.00
- Cost of equity
- 12.5%
- Terminal growth
- 3.0%
Factor scorecard
Insufficient data
Minimum-evidence gate: score weight coverage: 52.1% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 10.9% | 46 (vs peers) | 20% |
| Net margin · Quality | 6.3% | 43 (vs peers) | 12% |
| FCF conversion · Quality | 80.0% | 71 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | unavailable | unavailable | — |
| EPS CAGR 3Y · Growth | unavailable | unavailable | — |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | 6.2x | 72 (on a fixed band) | 12% |
| Current ratio · Balance sheet | 1.3x | 41 (on a fixed band) | 8% |
| P/E (TTM) · Valuation | 11.2x | 72 (vs peers) | 20% |
| EV/EBITDA · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 7.3% | 91 (on a fixed band) | 16% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet59/100 · 2/3 factors with a value
- Growth· partialunavailable · 0/2 factors with a value
- Quality52/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation80/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
ITV PLC (ITV.L). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 3.5 bn GBP in 2025; YoY growth 0.7%; net margin 6.3%; ROE 12.2%.
The estimated value range is 0.57–0.87 GBP per share (median of 2 methods, agreement: high); assumptions are illustrative. Against the central value of 0.74 GBP, the price of 0.65 GBP leaves a potential of 13.8% (value / price − 1) and a margin of safety of 12.1% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (score weight coverage: 52.1% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- FCF conversion: 80.0%
- Interest coverage: 6.2x
- P/E (TTM): 11.2x
- FCF yield: 7.3%
What contradicts it
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
Not assessed (insufficient data or a ratio without meaning): Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, EV/EBITDA, Shareholder yield (distributions), Payout ratio (FCF).
Versus the vertical median
Listed companies from United Kingdom · same country · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BATS.LBritish American Tobacco P.L.C. | 100.2 bn | 13.0 | 16.5% | 30.3% | −1.0% | +2% / +80% |
| ABF.LAssociated British Foods PLC | 13.8 bn | 13.4 | 9.2% | 5.3% | −3.1% | −11% / −20% |
| 0EV1.LCarnival PLC | 5.5 bn | 4.1 | 46.7% | 13.4% | +6.4% | unavailable / unavailable |
| BAB.LBabcock International Group PLC | 5.3 bn | 25.4 | 34.7% | 4.1% | +7.2% | −8% / +165% |
| AUTO.LAutotrader Group PLC | 4.7 bn | 16.0 | 60.2% | 47.1% | +3.9% | −15% / −25% |
| BBY.LBalfour Beatty PLC | 4.4 bn | 16.8 | 23.2% | 2.8% | +15.2% | +24% / +168% |
| ABDN.LAberdeen Group PLC | 4.0 bn | 10.6 | 8.0% | 28.9% | −2.1% | +8% / +37% |
| BKG.LThe Berkeley Group Holdings PLC | 3.5 bn | 11.0 | 8.8% | 13.4% | −4.2% | −3% / −24% |
| BME.LB&M European Value Retail PLC | 2.7 bn | 16.8 | 21.2% | 2.8% | +3.7% | +62% / −52% |
| ITV.LItv PLC | 2.4 bn | 11.2 | 12.2% | 6.3% | +0.7% | −21% / +8% |
| AJB.LAj Bell PLC | 2.4 bn | 23.0 | 49.9% | 33.1% | +18.0% | +9% / +130% |
| ASHM.LAshmore Group PLC | 1.5 bn | 15.1 | 13.1% | 71.6% | −0.1% | +40% / +29% |
| BCG.LBaltic Classifieds Group PLC | 1.1 bn | 22.2 | 15.8% | 57.6% | +6.9% | −99% / −99% |
| APN.LApplied Nutrition PLC | 751.1 m | 35.6 | 41.2% | 19.7% | +24.2% | +69% / unavailable |
| BAG.LA.G. Barr P.L.C. | 659.6 m | 14.2 | 14.4% | 10.8% | +4.0% | −9% / +24% |
| ASC.LAsos PLC | 496.3 m | — | -81.3% | -12.0% | −14.7% | +72% / +9% |
| ALFA.LAlfa Financial Software Holdings PLC | 486.8 m | 16.3 | 61.5% | 23.8% | +15.3% | −28% / +10% |
| AML.LAston Martin Lagonda Global Holdings PLC | 355.1 m | — | -93.4% | -39.2% | −20.6% | −43% / −84% |
| APTD.LAptitude Software Group PLC | 111.9 m | 28.6 | 7.2% | 6.2% | −7.3% | −30% / −23% |
| AMGO.LAmigo Holdings PLC | 10.5 m | — | — | — | −81.9% | +350% / +900% |
| ASBE.LAssociated British Engineering PLC | 605.3 k | — | -19.1% | — | unavailable | unavailable / unavailable |
| AMIF.LAmicorp Fs (uk) PLC | 269.5 k | 0.2 | 27.5% | 9.1% | +8.1% | unavailable / unavailable |
| AAF.LAirtel Africa PLC | — | — | 24.1% | 10.6% | +29.5% | −15% / +141% |
| AAL.LAnglo American PLC | — | — | -19.3% | -20.2% | +4.5% | +30% / +77% |
| ACG.LAcg Metals Limited | — | — | -80.3% | -32.0% | +134.8% | +52% / +55% |
1- and 3-year price returns: for ITV.L from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (GBP)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 0.38 Total return -42% · Per year -42% | 0.67 Total return 2% · Per year 2% | 1.00 Total return 55% · Per year 55% |
| 3 years | 0.34 Total return -48% · Per year -20% | 0.67 Total return 4% · Per year 1% | 1.12 Total return 72% · Per year 20% |
| 5 years | 0.30 Total return -53% · Per year -14% | 0.68 Total return 5% · Per year 1% | 1.25 Total return 93% · Per year 14% |
- Exit P/E± 0.17
- Net margin± 0.12
- Annual revenue growth± 0.10
- Annual dilution± 0.01
AI analysis
The qualitative analysis has not been written for this company yet.
Products, market & competition
The qualitative analysis has not been written for this company yet.
News & filings
In the press
No news in our archive over the last 180 days.
Annual reports (ESEF)
- Annual report 202524 Mar 2026
- Annual report 202423 Apr 2025
Figures computed by olivLaw from ESEF annual reports and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.