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Fox Corporation - Ordinary Shares - Class B

FOX

Market Cap$13.6B
Close$

Compare Fox - Ordinary Shares

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fox Corporation - Ordinary Shares - Class BFox Corporation - Ordinary Shares - Class B16.21.85%8%0.40.8
marketMarket Avg49.61.28%30%6.11.1
TelecommunicationsTelecommunications Avg6.42.52%5%1.21.5

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.
Tubi's performance was described as "stellar," with revenue growing by 31% and total view time increasing by 38% year-on-year. Tubi has reached 1% of total TV viewing minutes and is now the most-watched ad-supported streaming service in the United States.
The settlement of the dispute with Dominion Voting Systems was seen as a business decision to avoid a lengthy trial and appeals process. It does not alter FOX's commitment to journalistic standards or reporting the news.
$37.57

Current Fair Value

38.6% upside

Undervalued by 38.6% based on the discounted cash flow analysis.

Share Statistics

Market cap$13.60 Billion
Enterprise Value$17.92 Billion
Dividend Yield$0.5079 (1.85%)
Earnings per Share$1.67
Beta0.75
Outstanding Shares235,581,025
Avg 30 Day Volume1,267,919

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio16.25
PEG-24.93
Price to Sales0.44
Price to Book Ratio0.63
Enterprise Value to Revenue1.23
Enterprise Value to EBIT7.57
Enterprise Value to Net Income21
Total Debt to Enterprise0.47
Debt to Equity0.82

Revenue Sources

No data

ESG Score

No data

About Fox Corporation

CEO: Lachlan Murdoch