Fox Corporation - Ordinary Shares - Class A

Fox Corporation - Ordinary Shares - Class A

FOXA

Market Cap$21.93B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fox Corporation - Ordinary Shares - Class AFox Corporation - Ordinary Shares - Class A10.61.07%17%1.80.7

Earnings Call Q3 2024

May 8, 2024 - AI Summary

Strong Financial Performance: Fox Corporation reported a 7% growth in adjusted EBITDA, reaching $891 million for Q3 FY2024, despite tough comparisons to last year's Super Bowl-boosted figures. Total revenues of $3.45 billion reflect solid performance across the company, driven by a 4% increase in affiliate fee revenues, countered by a significant 34% drop in advertising revenues due to the absence of major events like the Super Bowl.
Positive Trends in Political Advertising: The company expects a strong resurgence in political advertising beginning in FY2025, fueled by tight races in key states like Arizona and Michigan, as well as various local ballot issues. This market is poised to benefit Fox's station group significantly, enhancing revenue streams through expected political ad spend.
Tubi's Growth and Strategy: Tubi reported an impressive 22% revenue growth, supported by a 36% increase in total view time and a rise in monthly active users to nearly 80 million. The platform continues to capture market share from competitors, positioning itself as the leading free streaming service in the U.S. However, challenges are expected in Q4 FY2024 due to tough year-over-year comparisons.

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$63.00

Target Price by Analysts

14% upsideFox Target Price DetailsTarget Price
$109.31

Current Fair Value

97.9% upside

Undervalued by 97.9% based on the discounted cash flow analysis.

Share Statistics

Market cap$21.93 Billion
Enterprise Value$26.13 Billion
Dividend Yield$0.54 (1.07484076433121%)
Earnings per Share$3.14
Beta0.52
Outstanding Shares462,000,000

Return

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

Valuation & Multiples

P/E Ratio10.62
PEG10.29
Price to Sales1.78
Price to Book Ratio2.21
Enterprise Value to Revenue1.82
Enterprise Value to EBIT11.65
Enterprise Value to Net Income13
Total Debt to Enterprise0.29
Debt to Equity0.65

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Fox Corporation

CEO: Lachlan Murdoch