NasdaqGS:FOXA

Stock Analysis Report

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Executive Summary

Fox Corporation operates as a news, sports, and entertainment company in the United States.


Snowflake Analysis

Good value with mediocre balance sheet.


Similar Companies

Share Price & News

How has Fox's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FOXA's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

0.2%

FOXA

0.5%

US Media

1.3%

US Market


1 Year Return

-28.5%

FOXA

2.5%

US Media

14.9%

US Market

Return vs Industry: FOXA underperformed the US Media industry which returned 1.9% over the past year.

Return vs Market: FOXA underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

FOXAIndustryMarket
7 Day0.2%0.5%1.3%
30 Day-3.0%7.9%4.7%
90 Day6.9%15.6%17.1%
1 Year-27.5%-28.5%4.1%2.5%17.3%14.9%
3 Yearn/a6.5%2.1%38.9%29.9%
5 Yearn/a41.1%31.1%71.3%52.8%

Price Volatility Vs. Market

How volatile is Fox's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Fox undervalued compared to its fair value and its price relative to the market?

30.5%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FOXA ($25.77) is trading below our estimate of fair value ($37.1)

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


Price To Earnings Ratio

PE vs Industry: FOXA is good value based on its PE Ratio (11.9x) compared to the US Media industry average (12.3x).

PE vs Market: FOXA is good value based on its PE Ratio (11.9x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FOXA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FOXA's PB Ratio (1.5x) is in line with the US Media industry average.


Next Steps

Future Growth

How is Fox forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?

-0.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOXA's earnings are forecast to decline over the next 3 years (-0.4% per year).

Earnings vs Market: FOXA's earnings are forecast to decline over the next 3 years (-0.4% per year).

High Growth Earnings: FOXA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FOXA's revenue (2.3% per year) is forecast to grow slower than the US market (9.3% per year).

High Growth Revenue: FOXA's revenue (2.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FOXA's Return on Equity is forecast to be low in 3 years time (14.2%).


Next Steps

Past Performance

How has Fox performed over the past 5 years?

4.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FOXA has high quality earnings.

Growing Profit Margin: FOXA's current net profit margins (10.7%) are lower than last year (14.3%).


Past Earnings Growth Analysis

Earnings Trend: FOXA's earnings have grown by 4.9% per year over the past 5 years.

Accelerating Growth: FOXA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FOXA had negative earnings growth (-17.4%) over the past year, making it difficult to compare to the Media industry average (0.04%).


Return on Equity

High ROE: FOXA's Return on Equity (13.3%) is considered low.


Next Steps

Financial Health

How is Fox's financial position?


Financial Position Analysis

Short Term Liabilities: FOXA's short term assets ($6.7B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: FOXA's short term assets ($6.7B) do not cover its long term liabilities ($8.1B).


Debt to Equity History and Analysis

Debt Level: FOXA's debt to equity ratio (65%) is considered high.

Reducing Debt: Insufficient data to determine if FOXA's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: FOXA's debt is well covered by operating cash flow (33.2%).

Interest Coverage: FOXA's interest payments on its debt are well covered by EBIT (8.2x coverage).


Balance Sheet


Next Steps

Dividend

What is Fox current dividend yield, its reliability and sustainability?

1.79%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FOXA's dividend (1.79%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: FOXA's dividend (1.79%) is low compared to the top 25% of dividend payers in the US market (4.51%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether FOXA's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if FOXA's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (32%), FOXA's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FOXA's dividends in 3 years are forecast to be well covered by earnings (19.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Lachlan Murdoch (49 yo)

1.83yrs

Tenure

US$42,111,103

Compensation

Mr. Lachlan Keith Murdoch has been Executive Chairman & Chief Executive Officer at Twenty-First Century Fox, Inc. since April 2019. He serves as an Executive Chairman and Chief Executive Officer of Fox Cor ...


CEO Compensation Analysis

Compensation vs Market: Lachlan's total compensation ($USD42.11M) is above average for companies of similar size in the US market ($USD11.35M).

Compensation vs Earnings: Insufficient data to compare Lachlan's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Lachlan Murdoch
Executive Chairman & CEO1.83yrsUS$42.11m0.050%
$ 7.8m
Steven Tomsic
Chief Financial Officer1.83yrsUS$10.40m0.0075%
$ 1.2m
John Nallen
Chief Operating Officer1.83yrsUS$20.90m0.030%
$ 4.6m
Viet Dinh
Chief Legal & Policy Officer and FOX Sports General Counsel1.83yrsUS$24.13m0.013%
$ 2.1m
Paul Cheesbrough
CTO & President of Digitalno datano datano data
Joseph Dorrego
Chief Investor Relations Officer & Executive VP of Corporate Initiativesno datano datano data
Kevin Lord
Executive Vice President of Human Resourcesno datano datano data
Michael Biard
President of Operations & Distributionno datano datano data
Marianne Gambelli
President of Advertising Salesno datano datano data
Danny O'Brien
Executive VP & Head of Government Relationsno datano datano data
Jeffrey Taylor
Executive VP & Chief Litigation Counsel1.42yrsno datano data
Abigail Slater
Senior Vice President for Policy & Strategy1.33yrsno datano data

1.8yrs

Average Tenure

53.5yo

Average Age

Experienced Management: FOXA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Lachlan Murdoch
Executive Chairman & CEO1.83yrsUS$42.11m0.050%
$ 7.8m
Jacques Nasser
Lead Independent Directorno dataUS$241.93k0.0015%
$ 236.5k
Keith Murdoch
Chairman1.58yrsUS$42.16m0.93%
$ 144.7m
Charles Carey
Director1.42yrsUS$161.67k0.045%
$ 7.0m
Roland Hernandez
Independent Director1.42yrsUS$176.67k0.00050%
$ 77.8k
Anne Dias-Griffin
Independent Director1.42yrsUS$173.67kno data
Paul Ryan
Independent Director1.42yrsUS$173.67kno data

1.4yrs

Average Tenure

62yo

Average Age

Experienced Board: FOXA's board of directors are not considered experienced ( 1.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: FOXA insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Fox Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Fox Corporation
  • Ticker: FOXA
  • Exchange: NasdaqGS
  • Founded: 2018
  • Industry: Broadcasting
  • Sector: Media
  • Market Cap: US$15.558b
  • Shares outstanding: 603.72m
  • Website: https://www.foxcorporation.com

Number of Employees


Location

  • Fox Corporation
  • 1211 Avenue of the Americas
  • New York
  • New York
  • 10036
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FOXANasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDMar 2019
0A0XLSE (London Stock Exchange)YesClass A Common StockGBEURMar 2019
FOXNasdaqGS (Nasdaq Global Select)Class B Common StockUSUSDMar 2019
FOX1 *BMV (Bolsa Mexicana de Valores)Class B Common StockMXMXNMar 2019
0A0YLSE (London Stock Exchange)Class B Common StockGBEURMar 2019
FO5BETLX (Eurotlx)Class B Common StockITEURMar 2019
FO5BDB (Deutsche Boerse AG)Class B Common StockDEEURMar 2019

Biography

Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through Cable Network Programming; Television; and Other, Corporate and Eliminations segment ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/03 00:28
End of Day Share Price2020/07/31 00:00
Earnings2020/03/31
Annual Earnings2019/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.