Fox Valuation

Is FOX undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of FOX when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: FOX ($44.12) is trading below our estimate of fair value ($92.66)

Significantly Below Fair Value: FOX is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FOX?

Key metric: As FOX is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for FOX. This is calculated by dividing FOX's market cap by their current earnings.
What is FOX's PE Ratio?
PE Ratio	11.1x
Earnings	US$1.92b
Market Cap	US$20.32b

FOX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.7x
Enterprise Value/EBITDA	8.2x
PEG Ratio	-4.1x

Price to Earnings Ratio vs Peers

How does FOX's PE Ratio compare to its peers?

The above table shows the PE ratio for FOX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	19x
NXST Nexstar Media Group	9.1x	5.0%	US$5.2b
TGNA TEGNA	6.1x	-13.6%	US$2.9b
OMC Omnicom Group	13.6x	6.4%	US$19.3b
NWSA News	47.3x	15.4%	US$17.1b
FOX Fox	11.1x	-2.7%	US$20.3b

Price-To-Earnings vs Peers: FOX is good value based on its Price-To-Earnings Ratio (11.1x) compared to the peer average (19x).

Price to Earnings Ratio vs Industry

How does FOX's PE Ratio compare vs other companies in the US Media Industry?

7 Companies	Price / Earnings	Estimated Growth	Market Cap
DISH DISH Network	2.5x	-71.9%	US$3.08b
GTN Gray Television	2.9x	-29.4%	US$424.52m
SGRP SPAR Group	4.3x	-89.1%	US$52.06m
ABLV Able View Global	3.8x	n/a	US$35.81m

7 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FOX is good value based on its Price-To-Earnings Ratio (11.1x) compared to the US Media industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is FOX's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

FOX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	11.1x
Fair PE Ratio	18.3x

Price-To-Earnings vs Fair Ratio: FOX is good value based on its Price-To-Earnings Ratio (11.1x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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