NasdaqGS:FOXA

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

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


Market Performance


7 Day Return

4.8%

FOXA

2.9%

US Media

2.3%

US Market


1 Year Return

n/a

FOXA

16.6%

US Media

5.6%

US Market

Return vs Industry: Insufficient data to determine how FOXA performed against the US Media industry.

Return vs Market: Insufficient data to determine how FOXA performed against the US Market.


Shareholder returns

FOXAIndustryMarket
7 Day4.8%2.9%2.3%
30 Day-2.6%-1.1%-1.0%
90 Day-12.2%-0.9%-0.7%
1 Yearn/a18.1%16.6%7.9%5.6%
3 Yearn/a29.4%24.2%45.6%36.3%
5 Yearn/a45.7%34.1%65.8%47.6%

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?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: FOXA ($31.99) is trading below our estimate of fair value ($64.39)

Significantly Undervalued: 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 (12.5x) compared to the Media industry average (12.8x).

PE vs Market: FOXA is good value based on its PE Ratio (12.5x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: FOXA is poor value based on its PEG Ratio (3.3x)


Price to Book Ratio

PB vs Industry: FOXA is overvalued based on its PB Ratio (2x) compared to the US Media industry average (1.3x).


Next Steps

Future Growth

How is Fox forecast to perform in the next 1 to 3 years based on estimates from 20 analysts?

3.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FOXA's forecast earnings growth (3.8% per year) is above the savings rate (2.7%).

Earnings vs Market: FOXA's earnings (3.8% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: FOXA's earnings are forecast to grow, but not significantly.

Revenue vs Market: FOXA's revenue (3.8% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: FOXA's revenue (3.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: FOXA's Return on Equity is forecast to be low in 3 years time (15.9%).


Next Steps

Past Performance

How has Fox performed over the past 5 years?

-27.1%

Last years earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if FOXA's year-on-year earnings growth rate was positive 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 (-27.1%) over the past year, making it difficult to compare to the Media industry average (-35.1%).


Return on Equity

High ROE: FOXA's Return on Equity (16.2%) is considered low.


Return on Assets

ROA vs Industry: FOXA has a higher Return on Assets than the Media industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FOXA's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Fox's financial position?


Financial Position Analysis

Short Term Liabilities: FOXA's short term assets ($6.5B) exceeds its short term liabilities ($1.7B)

Long Term Liabilities: FOXA's short term assets (6.5B) do not cover its long term liabilities (7.7B)


Debt to Equity History and Analysis

Debt Level: FOXA's debt to equity ratio (66.5%) 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 (37.4%).

Interest Coverage: FOXA's interest payments on its debt are well covered by EBIT (15x coverage).


Balance Sheet

Inventory Level: FOXA has a low level of unsold assets or inventory.

Debt Coverage by Assets: FOXA's debt is not covered by short term assets (assets are 1x debt).


Next Steps

Dividend

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

1.44%

Current Dividend Yield


Dividend Yield vs Market

company1.4%marketbottom25%1.5%markettop25%3.8%industryaverage2.0%forecastin3Years1.6%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FOXA's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: FOXA's dividend (1.44%) is low compared to the top 25% of dividend payers in the US market (3.76%).

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 low payout ratio (9%), FOXA's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FOXA's dividends in 3 years are forecast to be well covered by earnings (17% payout ratio).


Next Steps

Management

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

1.0yrs

Average management tenure


CEO

Lachlan Murdoch (48yo)

1yrs

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: Insufficient data to establish whether Lachlan's total compensation is reasonable compared to companies of similar size in the US market.

Compensation vs Earnings: Lachlan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.0yrs

Average Tenure

51yo

Average Age

Experienced Management: FOXA's management team is not considered experienced ( 1 years average tenure), which suggests a new team.


Board Age and Tenure

0.6yrs

Average Tenure

61yo

Average Age

Experienced Board: FOXA's board of directors are not considered experienced ( 0.6 years average tenure), which suggests a new board.


Insider Trading

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


Recent Insider Transactions

BuyUS$16,028,00029 Aug 19
Keith Murdoch
EntityIndividual
Role
Co-Chairman of the Board
Chairman
Shares500,000
Max PriceUS$32.24
BuyUS$104,73013 Aug 19
Roland Hernandez
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,000
Max PriceUS$34.91
BuyUS$21,174,00014 Jun 19
Keith Murdoch
EntityIndividual
Role
Co-Chairman of the Board
Chairman
Shares600,000
Max PriceUS$35.29
BuyUS$20,560,00011 Jun 19
Keith Murdoch
EntityIndividual
Role
Co-Chairman of the Board
Chairman
Shares600,000
Max PriceUS$34.42
SellUS$20,424,00011 Jun 19
Keith Murdoch
EntityIndividual
Role
Co-Chairman of the Board
Chairman
Shares600,000
Max PriceUS$34.04

Ownership Breakdown


Management Team

  • Lachlan Murdoch (48yo)

    Executive Chairman & CEO

    • Tenure: 1yrs
    • Compensation: US$42.11m
  • John Nallen (62yo)

    Chief Operating Officer

    • Tenure: 1yrs
    • Compensation: US$20.90m
  • Viet Dinh (51yo)

    Chief Legal & Policy Officer and FOX Sports General Counsel

    • Tenure: 1yrs
    • Compensation: US$24.13m
  • Steve Tomsic (50yo)

    Chief Financial Officer

    • Tenure: 1yrs
    • Compensation: US$10.40m
  • Joe Dorrego

    Chief Investor Relations Officer & Executive VP of Corporate Initiatives

    • Tenure: 0yrs
  • Paul Cheesbrough

    CTO & President of Digital

    • Tenure: 0yrs
  • Kevin Lord (56yo)

    Executive Vice President of Human Resources

    • Tenure: 0yrs
  • Marianne Gambelli

    President of Advertising Sales

    • Tenure: 0yrs
  • Michael Biard

    President of Operations & Distribution

    • Tenure: 0yrs
  • Hope Hicks

    Executive VP & Chief Communications Officer

    • Tenure: 0yrs

Board Members

  • Jac Nasser (72yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$241.93k
  • Lachlan Murdoch (48yo)

    Executive Chairman & CEO

    • Tenure: 1yrs
    • Compensation: US$42.11m
  • Keith Murdoch (88yo)

    Chairman

    • Tenure: 0.8yrs
    • Compensation: US$42.16m
  • Chase Carey (66yo)

    Director

    • Tenure: 0.6yrs
    • Compensation: US$161.67k
  • Roland Hernandez (61yo)

    Independent Director

    • Tenure: 0.6yrs
    • Compensation: US$176.67k
  • Anne Dias-Griffin (49yo)

    Independent Director

    • Tenure: 0.6yrs
    • Compensation: US$173.67k
  • Paul Ryan (49yo)

    Independent Director

    • Tenure: 0.6yrs
    • Compensation: US$173.67k

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$19.746b
  • Shares outstanding: 620.63m
  • 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

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 Analysis2019/10/17 00:44
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
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.