ITV

ITV.L

Broadcasting · Communication Services

Price

71.85 GBp

+0.05 (+0.07%)

Market Cap

£2.68B

Exchange

London Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Data as of Aug 23, 2026 · filings through Jun 30, 2026

How the score breaks down

Quality

Mixed

Growth

Good

Cash Flow

Good

Stability

Strong

Valuation

Strong

Dividends

Good

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Share count falling — buybacks

−6.8% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 4.05B (2021) → 3.78B (2025)

Winston Score History

The full picture

ITV plc is a British television company that makes and broadcasts TV shows. It runs the ITV network, which includes channels like ITV1, ITV2, and ITVX, its free streaming service. ITV is the largest commercial broadcaster in the UK and produces popular shows like *Coronation Street*, *Love Island*, and *The Voice*.

ITV earns money in two main ways: selling advertising on its TV channels and streaming platform, and selling TV shows it produces to other broadcasters around the world through its Studios division. It operates mainly in the UK but sells content globally. Its large back catalogue of shows and long-running soaps give it some stability, but its advertising revenue is closely tied to the health of the UK economy. The biggest challenge ITV faces is the ongoing shift of viewers away from traditional TV toward streaming giants like Netflix and YouTube, which puts pressure on both its audience numbers and ad revenue.

Growth Profile

For growth stock investors

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

Revenue Growth

+102.3% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+152.5% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

£0/ year

0.0% of revenue

Below sector average (12%)

Research and development spending

Insider Activity

6.0%ownership

→ Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

£468M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

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

Revenue accelerating

ITV grew revenue 102% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

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

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale

Gross Margin

7.5%

Thin — 7.5% gross margin

Profit after running costs

Operating Margin

7.5%

Modest — 7.5% operating margin

Return on the money invested

ROCE

17.8%

Strong — 17.8% return on capital

ROIC between 15% and 25%. Every dollar invested in the business earns 15 to 25 cents back per year.

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Growth

Sales growth

Sales YoY

+31.6%

Fast-growing sales (+31.6% YoY)

Profit growth

EPS YoY

+44.2%

Earnings growing fast (+44.2% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is

EPS Consistency

3/8 quarters

Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash

Cash Conversion

101%

Turns 101% of profit into real cash

Spare cash per sale

FCF Margin

5.7%

Thin free cash flow (5.7%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns

Debt / Equity

0.48

Conservative — low debt load (0.48)

Covers its interest

Interest Cover

9.64x

Comfortably covers interest (9.6x)

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

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Valuation

Price vs profit

P/E Ratio (TTM)

11.7x

Attractive valuation — P/E 11.7

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year

P/E vs Forward

+2.8

GROWING

Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend

Dividend Yield

6.72%

Healthy income — 6.72% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record

Dividend Growth

+0.0%

Dividend flat

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