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Fox

Nasdaq:FOXA
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FOXA
Nasdaq
$23B
Market Cap
  1. Home
  2. US
  3. Media
Company description

Fox Corporation operates as a news, sports, and entertainment company in the United States. The last earnings update was 36 days ago. More info.


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FOXA Share Price and Events
7 Day Returns
-0.1%
NasdaqGS:FOXA
1.6%
US Media
-0.8%
US Market
1 Year Returns
-
NasdaqGS:FOXA
15.4%
US Media
7%
US Market
FOXA Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fox (FOXA) -0.1% -2.6% - - - -
US Media 1.6% 5.7% 17.6% 15.4% 22.3% 30.9%
US Market -0.8% 2.7% 7.5% 7% 37.9% 47%
1 Year Return vs Industry and Market
  • No trading data on FOXA.
  • No trading data on FOXA.
Price Volatility
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Fox undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Fox to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Fox.

NasdaqGS:FOXA Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 13 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:FOXA
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Media Unlevered Beta Simply Wall St/ S&P Global 0.82
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.822 (1 + (1- 21%) (0%))
0.881
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.881 * 5.96%)
7.98%

Discounted Cash Flow Calculation for NasdaqGS:FOXA using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Fox is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:FOXA DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.98%)
2019 1,407.26 Analyst x9 1,303.25
2020 1,959.37 Analyst x10 1,680.46
2021 2,167.75 Analyst x8 1,721.78
2022 2,214.00 Analyst x4 1,628.55
2023 2,468.00 Analyst x4 1,681.22
2024 2,611.62 Est @ 5.82% 1,647.58
2025 2,739.40 Est @ 4.89% 1,600.47
2026 2,855.65 Est @ 4.24% 1,545.09
2027 2,963.87 Est @ 3.79% 1,485.13
2028 3,066.77 Est @ 3.47% 1,423.12
Present value of next 10 years cash flows $15,716.66
NasdaqGS:FOXA DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $3,066.77 × (1 + 2.73%) ÷ (7.98% – 2.73%)
$60,007.67
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $60,007.67 ÷ (1 + 7.98%)10
$27,846.29
NasdaqGS:FOXA Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $15,716.66 + $27,846.29
$43,562.96
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $43,562.96 / 620.50
$70.21
NasdaqGS:FOXA Discount to Share Price
Calculation Result
Value per share (USD) From above. $70.21
Current discount Discount to share price of $37.70
= -1 x ($37.70 - $70.21) / $70.21
46.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Fox is available for.
Intrinsic value
46%
Share price is $37.7 vs Future cash flow value of $70.21
Current Discount Checks
For Fox to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Fox's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Fox's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Fox's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fox's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:FOXA PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD Not available
NasdaqGS:FOXA Share Price ** NasdaqGS (2019-04-22) in USD $37.7
United States of America Media Industry PE Ratio Median Figure of 40 Publicly-Listed Media Companies 16.49x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.21x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Fox.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PE ratio to the industry average as no data exists.
  • Unable to calculate PE ratio for Fox, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Fox's expected growth come at a high price?
Raw Data
NasdaqGS:FOXA PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 0x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts
13.5%per year
United States of America Media Industry PEG Ratio Median Figure of 30 Publicly-Listed Media Companies 1.6x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Fox, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Fox's assets?
Raw Data
NasdaqGS:FOXA PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD Not available
NasdaqGS:FOXA Share Price * NasdaqGS (2019-04-22) in USD $37.7
United States of America Media Industry PB Ratio Median Figure of 75 Publicly-Listed Media Companies 1.9x
United States of America Market PB Ratio Median Figure of 5,186 Publicly-Listed Companies 1.91x

* Primary Listing of Fox.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to compare the PB ratio to the industry average as no data exists.
X
Value checks
We assess Fox's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Media industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Media industry average (and greater than 0)? (1 check)
  5. Fox has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Fox expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fox expected to grow at an attractive rate?
  • Fox's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Fox's earnings growth is expected to exceed the United States of America market average.
  • Fox's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:FOXA Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:FOXA Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts 13.5%
NasdaqGS:FOXA Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts 5.2%
United States of America Media Industry Earnings Growth Rate Market Cap Weighted Average 18.5%
United States of America Media Industry Revenue Growth Rate Market Cap Weighted Average 4.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.5%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:FOXA Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:FOXA Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-06-30 14,041 2,711 2,612 3
2022-06-30 13,018 2,509 2,098 4
2021-06-30 12,451 2,324 1,839 11
2020-06-30 12,096 2,092 1,578 13
2019-06-30 11,220 1,397 1,372 13
NasdaqGS:FOXA Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 10,981 1,388 1,540
2018-09-30 10,506 1,299 2,401
2018-06-30 10,153 1,317 2,187
2017-06-30 9,921 1,655 1,372
2016-06-30 8,894 1,097 1,072

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fox's earnings are expected to grow by 13.5% yearly, however this is not considered high growth (20% yearly).
  • Fox's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:FOXA Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below

All data from Fox Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FOXA Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-06-30 4.13 4.13 4.13 1.00
2022-06-30 3.34 3.41 3.26 2.00
2021-06-30 3.13 3.57 2.91 8.00
2020-06-30 2.56 2.77 2.41 10.00
2019-06-30 2.25 2.60 2.01 10.00
NasdaqGS:FOXA Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31
2018-09-30
2018-06-30
2017-06-30
2016-06-30

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Fox is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Fox's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Fox has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Fox performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Fox's growth in the last year to its industry (Media).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Unable to establish if Fox's year on year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
  • Unable to compare Fox's 1-year earnings growth to the 5-year average as it has been trading publicly for less than 3 years.
  • Fox's 1-year earnings growth is negative, it can't be compared to the US Media industry average.
Earnings and Revenue History
Fox's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Fox Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:FOXA Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 10,981.00 1,540.00 1,277.00
2018-09-30 10,506.00 2,401.00 1,307.00
2018-06-30 10,153.00 2,187.00 1,271.00
2017-06-30 9,921.00 1,372.00 1,126.00
2016-06-30 8,894.00 1,072.00 1,205.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Fox has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fox used its assets more efficiently than the US Media industry average last year based on Return on Assets.
  • Unable to establish if Fox improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Fox's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Media industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Fox has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Fox's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Fox's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Fox is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Fox's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Fox's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Fox has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Fox Company Filings, last reported 3 months ago.

NasdaqGS:FOXA Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 10,512.00 0.00 1,951.00
2018-09-30 11,137.00 0.00 2,756.00
2018-06-30 9,869.00 0.00 2,500.00
2017-06-30 6,247.00 0.00 19.00
2016-06-30
  • Fox has no debt.
  • Fox has not taken on any debt in the past 5 years.
  • Fox has no debt, it does not need to be covered by operating cash flow.
  • Fox has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Fox's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Fox has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Fox dividends. Estimated to be 0.21% next year.
If you bought $2,000 of Fox shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Fox's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Fox's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:FOXA Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 13 Analyst Estimates (S&P Global) See Below
United States of America Media Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:FOXA Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-06-30
2022-06-30
2021-06-30 0.19 3.00
2020-06-30 0.07 4.00
2019-06-30 0.00 4.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Fox has not reported any payouts.
  • Unable to verify if Fox's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Fox's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Fox has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Fox's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess Fox's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Fox afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fox has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Fox's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Lachlan Murdoch
AGE 47
CEO Bio

Mr. Lachlan Keith Murdoch is the Chairman and Chief Executive Officer of Fox Corporation. He has been the President of Fox Television Stations since 2002. Mr. Murdoch founded Illyria Pty, Ltd. in 2005 and serves as its Chief Executive Officer. He has served as the Executive Chairman of Illyria since 2005. He is a Senior Executive Vice President of News Corporation since February 1999. He has been Director of Caffeine Inc. since September 2018. Mr. Murdoch has a wealth of knowledge regarding Twenty-First Century's operations, as well as management and strategic skills. With his extensive experience serving in several senior leadership positions within Twenty-First Century. He has extensive expertise in the media industry. He served as an Acting Chief Executive Officer of TEN Network Holdings Ltd. from February 23, 2011 to 2012. He served as an Advisor of Twenty-First Century Fox, Inc. from August 31, 2005 to 2007 and served as its Deputy Chief Operating Officer from 2000 to 2005. He served as a Senior Executive Vice President of Twenty-First Century Fox, Inc. from February 1999 to October 2000. He held number of senior executive roles at Twenty-First Century from 1994 to 2005. He was a Publisher of the New York Post and also oversaw HarperCollins and the Company’s lines of business in Australia, including REA, Australia’s leading online real estate business. At the New York Post, he overhauled the tabloid and grew its circulation by more than 40 percent. During his tenure, the Post became the nation’s fastest-growing newspaper and the seventh largest in the United States. He served as Senior Executive Vice President of Joint Venture at OmniSky Corporation since February 1999. He served as the Chief Executive of News Limited from July 1997 to October 2000, Managing Director from September 1996 to June 1997 and Deputy Chief Executive from December 1995 to September 1996. He served as the General Manager of Queensland Newspapers from August 1994 to July 1995. He served as a Publisher of The Australian from July 1995 to December 1995. His role expanded to include responsibility for the Twenty-First Century Fox's US-based print businesses in February 1999. At FTS, he oversaw the Company’s 35 owned-and-operated television stations, where he raised the bar on local news coverage across the nation, increasing the total number of local news hours across group to more than 850 per week. He has spent the past two decades building, operating and investing in many of the world’s most prominent television and publishing businesses. He has been the Chairman of Queensland Press Limited since October 1996. He has been an Executive Chairman of NOVA Entertainment since 2009. He serves as the Chairman of Fox Stations Inc. He served as an Executive Co-Chairman at Twenty-First Century Fox, Inc. since July 1, 2015 until March 20, 2019. He has been a Co-Chairman at News Corporation since March 2014 and also has been its Director since June 28, 2013. He served as a Co-Chairman of Twenty-First Century Fox, Inc. from March 2014 to July 1, 2015 and served as its Director since 1996 until March 20, 2019. He served as the Chairman and Director of TEN Network Holdings Ltd. from February 10, 2012 to March 26, 2014 and again from December 13, 2010 to March 26, 2014 respectively. He served as the Chairman of Robin Hood Foundation. He served as the Chairman of News Limited from 1997 to August 2005 and Fox Television Stations since January 2004. He had been Vice Chairman of STAR Group Limited since 1996. He served as Deputy Chairman and Director of Prime Media Group Limited. from October 7, 2010 to November 9, 2010. He was a Director of Fox Television Stations since 2002 and Fox Entertainment Group Inc. since February 2002. He has been a Trustee of the Art Gallery of NSW since December 1998. He serves as a Director of Nova Entertainment (Australia) Pty Ltd. He has been a Director of Queensland Press Limited since October 1994, Beijing PDN Xiren Information Technology Co. Ltd. since June 1996, One.Tel Limited since April 1999, Sky Global Networks Inc., since June 2000 and The Herald & Weekly Times Limited since October 1996. He served as a Director of The Partnership for New York City, Inc. and NYC2012, Inc. He served as a Director of OmniSky Corporation since May 2000. Mr. Murdoch served as an Executive Director of News Limited since 1999 and also since September 1995. He served as an Executive Director of Foxtel Management Pty, Limited since 1998 and also served as its Director since 1995. He served as a Non-Executive Director of NDS Group Holdings Limited from February 2002 to August 22, 2005. He served as a Member of the Board of the Robin Hood Foundation, New York since 1999. He served as a Director of Rovi Guides, Inc. from May 2001 to December 10, 2004. He serves as a Director of Sydney's Museum of Contemporary Art and a Trustee of the Commando Welfare Trust. Mr. Murdoch was educated in the United States where he holds a Bachelor of Arts in Philosophy from Princeton University in 1994. He has been a Director of 21st Century Fox since 1996. He served as an advisor to 21st Century Fox from 2005 to 2007 and as its Deputy Chief Operating Officer from 2000 to 2005.

CEO Compensation
  • Insufficient data for Lachlan to compare compensation growth.
  • Insufficient data for Lachlan to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Lachlan Murdoch

TITLE
Chairman & CEO
AGE
47

Steve Tomsic

TITLE
Chief Financial Officer
AGE
49

John Nallen

TITLE
Chief Operating Officer
AGE
61

Paul Cheesbrough

TITLE
Chief Technology Officer & Head of Direct to Consumer Platforms

Hope Hicks

TITLE
Executive VP & Chief Communications Officer

Joseph Dorrego

TITLE
Chief Investor Relations Officer & Executive VP of Corporate Initiatives
TENURE
0.2 yrs

Joe Dorrego

TITLE
Chief Investor Relations Officer & Executive VP of Corporate Initiatives

Viet Dinh

TITLE
Chief Legal & Policy Officer
AGE
50

Kevin Lord

TITLE
Executive Vice President of Human Resources
AGE
55

Michael Biard

TITLE
President of Operations & Distribution
Board of Directors Tenure

Average tenure and age of the Fox board of directors in years:

0.1
Average Tenure
62.5
Average Age
  • The average tenure for the Fox board of directors is less than 3 years, this suggests a new board.
Board of Directors

Keith Murdoch

TITLE
Co-Chairman
AGE
87

Lachlan Murdoch

TITLE
Chairman & CEO
AGE
47

Jac Nasser

TITLE
Lead Independent Director
AGE
71

Roland Hernandez

TITLE
Director
AGE
60
TENURE
0.1 yrs

Paul Ryan

TITLE
Director
TENURE
0.1 yrs

Chase Carey

TITLE
Director
AGE
65
TENURE
0.1 yrs

Anne Dias-Griffin

TITLE
Director
AGE
48
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Fox's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Fox has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Twenty-First Century Fox, Inc.’s (NASDAQ:FOXA) Investment Returns Are Lagging Its Industry

Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)

Simply Wall St -

Should You Be Excited About Twenty-First Century Fox Inc's (NASDAQ:FOXA) 22% Return On Equity?

We'll use ROE to examine Twenty-First Century Fox Inc (NASDAQ:FOXA), by way of a worked example. … That means that for every $1 worth of shareholders' equity, it generated $0.22 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Twenty-First Century Fox Inc (NASDAQ:FOXA): Assessing Capital Returns

and want to better understand how you can grow your money by investing in Twenty-First Century Fox Inc (NASDAQ:FOXA). … To understand Twenty-First Century Fox’s capital returns we will look at a useful metric called return on capital employed. … View our latest analysis for Twenty-First Century Fox

Simply Wall St -

Is Twenty-First Century Fox Inc (NASDAQ:FOXA) Undervalued?

Today we're going to take a look at the well-established Twenty-First Century Fox Inc (NASDAQ:FOXA). … saw a significant share price rise of over 20% in the past couple of months on the NasdaqGS. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price

Simply Wall St -

Did Twenty-First Century Fox Inc (NASDAQ:FOXA) Create Value For Shareholders?

and want a simplistic look at the return on Twenty-First Century Fox Inc (NASDAQ:FOXA) stock. … Twenty-First Century Fox Inc (NASDAQ:FOXA) delivered an ROE of 20.70% over the past 12 months, which is an impressive feat relative to its industry average of 14.15% during the same period. … However, whether this above-industry ROE is actually impressive depends on if it can be maintained.

Simply Wall St -

Where Twenty-First Century Fox Inc (NASDAQ:FOXA) Stands In Terms Of Earnings Growth Against Its Industry

Today I will assess FOXA's recent performance announced on 31 March 2018 and evaluate these figures to its long-term trend and industry movements. … How Did FOXA's Recent Performance Stack Up Against Its Past. … FOXA's trailing twelve-month earnings (from 31 March 2018) of US$4.05b has.

Simply Wall St -

What Are The Drivers Of Twenty-First Century Fox Inc's (NASDAQ:FOXA) Risks?

A widely-used metric to measure a stock's market risk is beta, and the broad market index represents a beta value of one. … View our latest analysis for Twenty-First Century Fox An interpretation of FOXA's beta With a beta of 1.22, Twenty-First Century Fox is a stock that tends to experience more gains than the market during a growth phase and also a bigger reduction in value compared to the market during a broad downturn. … As a result, the company may be less volatile relative to broad market movements, compared to a company of similar size but higher proportion of fixed assets.

Simply Wall St -

With An ROE Of 20.70%, Has Twenty-First Century Fox Inc's (NASDAQ:FOXA) Management Done Well?

View our latest analysis for Twenty-First Century Fox Breaking down ROE — the mother of all ratios Return on Equity (ROE) is a measure of Twenty-First Century Fox’s profit relative to its shareholders’ equity. … Since Twenty-First Century Fox’s return covers its cost in excess of 10.81%, its use of equity capital is efficient and likely to be sustainable. … This is called the Dupont Formula: Dupont Formula ROE = profit margin × asset turnover × financial leverage ROE = (annual net profit ÷ sales) × (sales ÷ assets) × (assets ÷ shareholders’ equity) ROE = annual net profit ÷ shareholders’ equity NasdaqGS:FOXA Last Perf May 16th 18 Basically, profit margin measures how much of revenue trickles down into earnings which illustrates how efficient the business is with its cost management.

Simply Wall St -

Is Twenty-First Century Fox Inc's (NASDAQ:FOXA) CEO Pay Justified?

Earnings is a powerful indication of FOXA's ability to invest shareholders' funds and generate returns. … Therefore I will use earnings as a proxy of Murdoch's performance in the past year. … Based on the size of FOXA in terms of market cap, as well as its performance, using earnings as a proxy, it appears that Murdoch is compensated similar to the average US large-cap CEO This may mean that FOXA is appropriately compensating its CEO.

Simply Wall St -

Are Twenty-First Century Fox Inc's (NASDAQ:FOXA) Interest Costs Too High?

View our latest analysis for Twenty-First Century Fox Does FOXA produce enough cash relative to debt? … Additionally, FOXA has produced US$3.76B in operating cash flow during the same period of time, resulting in an operating cash to total debt ratio of 18.87%, meaning that FOXA’s debt is not appropriately covered by operating cash. … Next Steps: At its current level of cash flow coverage, FOXA has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

Company Info

Description

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 segments. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online video distributors. It operates FOX News, a national cable news channel; FOX Business, a business news national cable channel; FS1 and FS2 multi-sport national networks; and Big Ten Network. The Television segment acquires, produces, markets, and distributes broadcast network programming. It operates The FOX Network, a national television broadcast network that broadcasts sports programming and entertainment. This segment owns and operates 28 broadcast television stations. The Other, Corporate and Eliminations segment owns the FOX Studios lot that provides production services, including 15 sound stages, 4 scoring and mixing stages, 2 broadcast studios, theaters, editing bays, and other production facilities in Los Angeles, California. The company was founded in 2018 and is based in New York, New York. Fox Corporation operates independently of Twenty-First Century Fox, Inc. as of March 19, 2019.

Details
Name: Fox Corporation
FOXA
Exchange: NasdaqGS
Founded: 2018
$23,270,482,542
620,501,921
Website: http://www.foxcorporation.com
Address: Fox Corporation
1211 Avenue of the Americas,
New York,
New York, 10036,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS FOXA Class A Common Stock Nasdaq Global Select US USD 19. Mar 2019
NasdaqGS FOX Class B Common Stock Nasdaq Global Select US USD 19. Mar 2019
Number of employees
Current staff
Staff numbers
0
Fox employees.
Industry
Broadcasting
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 01:19
End of day share price update: 2019/04/22 00:00
Last estimates confirmation: 2019/04/21
Last earnings filing: 2019/03/18
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.