Fox Corporation - Ordinary Shares - Class B
FOX
Market Cap$14.47B
Close$
Earnings Call Q3 2023
May 9, 2023 - AI Summary
FOX Corporation reported strong financial results for the fiscal third quarter, with an 18% increase in revenue driven by a record-breaking Super Bowl LVII.
Advertising revenue grew by 43%, primarily due to the success of the Super Bowl and increased demand at Tubi. Affiliate revenue also saw growth of 3%.
The company's sports programming, including the USFL and upcoming events like NASCAR and Major League Baseball, is expected to continue driving advertising revenue in the fourth quarter.
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$38.34
28.5% upside
Current Fair Value
28.5% upsideUndervalued by 28.5% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $14.47 Billion |
|---|---|
| Enterprise Value | $18.79 Billion |
| Dividend Yield | $0.5149 (1.76%) |
| Earnings per Share | $1.67 |
| Beta | 0.59 |
| Outstanding Shares | 235,581,025 |
| Avg 30 Day Volume | 1,054,216 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 17.28 |
|---|---|
| PEG | -26.52 |
| Price to Sales | 0.49 |
| Price to Book Ratio | 0.69 |
| Enterprise Value to Revenue | 1.29 |
| Enterprise Value to EBIT | 7.93 |
| Enterprise Value to Net Income | 22 |
| Total Debt to Enterprise | 0.45 |
| Debt to Equity | 0.82 |
Revenue Sources
No data
ESG Score
No data
About Fox Corporation
CEO: Lachlan Murdoch