News Corp - Ordinary Shares - Class A


Market Cap$15.35B

Compare News Corp - Ordinary Shares

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
News Corp - Ordinary Shares - Class ANews Corp - Ordinary Shares - Class A67.30.75%3%10.4
marketMarket Avg49.61.28%30%6.11.1
TelecommunicationsTelecommunications Avg6.42.52%5%1.21.5

Earnings Call Q3 2023

May 11, 2023 - AI Summary

News Corp reported a 2% decline in total revenues for the third quarter of fiscal year 2023, an improvement from the 7% decline in the previous quarter.
The company's cost-cutting program is gaining traction, with a headcount reduction expected to yield over $160 million in annualized savings by the end of the year.
Dow Jones saw robust revenue growth, particularly in its professional information business, which reported a 38% increase in revenues. Digital subscriptions also grew by 9% at The Wall Street Journal and 10% at Dow Jones as a whole.
Foxtel Group continues to build on its streaming success, with streaming now accounting for two-thirds of its total subscription base. Broadcast churn is at near record low levels, and the introduction of advertising on Binge has added a new revenue stream.
HarperCollins experienced improvements in the third quarter, with higher margins compared to the first half. The company has an attractive roster of upcoming books and expects to see further improvements in profitability.
Advertising trends remain uncertain, but there have been some positive signs of improvement, particularly in digital advertising at News UK and print advertising in Australia. However, challenges such as supply chain disruptions and inflationary pressures continue to impact the business. No specific forecasts, outlooks, expectations, dividends, or buybacks were mentioned in the transcript.

Current Fair Value

14.3% upside

Undervalued by 14.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$15.35 Billion
Enterprise Value$16.67 Billion
Dividend Yield$0.1991 (0.75%)
Earnings per Share$0.4
Outstanding Shares380,023,919
Avg 30 Day Volume3,384,309


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

Valuation & Multiples

P/E Ratio67.34
Price to Sales1.02
Price to Book Ratio1.26
Enterprise Value to Revenue1.67
Enterprise Value to EBIT24.16
Enterprise Value to Net Income73
Total Debt to Enterprise0.18
Debt to Equity0.37

Revenue Sources

No data

ESG Score

No data

About News Corp

CEO: Robert Thomson