Twenty-First Century Fox
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. The last earnings update was 16 days ago. More info.
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FOXA Share Price and Events
7 Day Returns
1 Year Returns
FOXA Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Twenty-First Century Fox (FOXA) | 0.6% | 4.3% | 3.6% | 33.4% | 87.3% | 51.2% |
| US Entertainment | 0.9% | 4.4% | 9.9% | 6.8% | 69.9% | 83.3% |
| US Market | 1.4% | 5.6% | 5.7% | 2.3% | 44.2% | 40.9% |
1 Year Return vs Industry and Market
- FOXA outperformed the Entertainment industry which returned 6.8% over the past year.
- FOXA outperformed the Market in United States of America which returned 2.3% over the past year.
FOXA Value
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
Twenty-First Century 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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Twenty-First Century Fox.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 16 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 11.1% |
| 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.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Entertainment Unlevered Beta | Simply Wall St/ S&P Global | 0.99 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.991 (1 + (1- 21%) (20.44%)) |
1.151 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.15 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.151 * 7.27%) |
11.1% |
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 Twenty-First Century Fox is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 3,921.35 | 4,628.34 | 4,957.42 | 4,914.42 | 4,871.80 |
| Source | Analyst x11 | Analyst x9 | Analyst x5 | Est @ -0.87% | Est @ -0.87% |
|
Present Value Discounted (@ 11.1%) |
3,529.54 | 3,749.66 | 3,614.98 | 3,225.56 | 2,878.10 |
| Present value of next 5 years cash flows | $16,997.83 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $4,871.80 × (1 + 2.73%) ÷ (11.1% – 2.73%) |
$59,789.55 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $59,789.55 ÷ (1 + 11.1%)5 |
$35,321.70 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $16,997.83 + $35,321.70 |
$52,319.53 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $52,319.53 / 1,856.93 |
$28.18 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $28.18 |
| Current discount | Discount to share price of
$50.72
= -1 x ($50.72 - $28.18) / $28.18 |
-80% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Twenty-First Century Fox is above its future cash flow value.
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 Twenty-First Century Fox's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Twenty-First Century Fox's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $7.51 |
| NasdaqGS:FOXA Share Price ** | NasdaqGS (2019-02-21) in USD | $50.72 |
| United States of America Entertainment Industry PE Ratio | Median Figure of 24 Publicly-Listed Entertainment Companies | 19.94x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 17.39x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Twenty-First Century Fox.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:FOXA Share Price ÷ EPS (both in USD) = 50.72 ÷ 7.51 |
6.75x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Twenty-First Century Fox is good value based on earnings compared to the US Entertainment industry average.
- Twenty-First Century Fox is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Twenty-First Century Fox's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 6.75x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts |
-37.9%per year |
| United States of America Entertainment Industry PEG Ratio | Median Figure of 21 Publicly-Listed Entertainment Companies | 1.67x |
| United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 6.75x ÷ -37.9% |
-0.18x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Twenty-First Century Fox earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Twenty-First Century Fox's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $17.24 |
| NasdaqGS:FOXA Share Price * | NasdaqGS (2019-02-21) in USD | $50.72 |
| United States of America Entertainment Industry PB Ratio | Median Figure of 54 Publicly-Listed Entertainment Companies | 2.93x |
| United States of America Market PB Ratio | Median Figure of 5,129 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:FOXA Share Price ÷ Book Value per Share (both in USD) = 50.72 ÷ 17.24 |
2.94x |
* Primary Listing of Twenty-First Century Fox.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Twenty-First Century Fox is overvalued based on assets compared to the US Entertainment industry average.
Value checks
We assess Twenty-First Century Fox's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Entertainment industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Entertainment industry average (and greater than 0)? (1 check) Twenty-First Century 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.
FOXA Future Performance
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!
Earnings growth vs Low Risk Savings
- Twenty-First Century Fox's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
- Twenty-First Century Fox's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
- Twenty-First Century Fox's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:FOXA Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 16 Analysts | -37.9% |
| NasdaqGS:FOXA Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 16 Analysts | 5.8% |
| United States of America Entertainment Industry Earnings Growth Rate | Market Cap Weighted Average | 10.1% |
| United States of America Entertainment Industry Revenue Growth Rate | Market Cap Weighted Average | 10.7% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*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
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | 40,300 | 1 | ||
| 2022-06-30 | 37,902 | 5,739 | 3 | |
| 2021-06-30 | 35,048 | 5,529 | 4,659 | 10 |
| 2020-06-30 | 33,277 | 5,002 | 4,201 | 16 |
| 2019-06-30 | 31,427 | 4,859 | 14,112 | 15 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 31,037 | 4,213 | 13,925 |
| 2018-09-30 | 30,575 | 3,996 | 4,929 |
| 2018-06-30 | 30,400 | 4,166 | 4,476 |
| 2018-03-31 | 29,207 | 3,511 | 4,052 |
| 2017-12-31 | 29,351 | 3,028 | 3,987 |
| 2017-09-30 | 28,996 | 3,522 | 3,008 |
| 2017-06-30 | 28,500 | 3,767 | 2,996 |
| 2017-03-31 | 28,398 | 3,437 | 3,062 |
| 2016-12-31 | 28,062 | 4,023 | 3,095 |
| 2016-09-30 | 27,755 | 4,324 | 2,912 |
| 2016-06-30 | 27,326 | 3,122 | 2,763 |
| 2016-03-31 | 26,885 | 2,980 | 2,312 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 16 Analyst Estimates (S&P Global) | See Below |
All data from Twenty-First Century Fox Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-06-30 | ||||
| 2022-06-30 | 3.06 | 3.25 | 2.87 | 2.00 |
| 2021-06-30 | 2.52 | 2.97 | 2.16 | 8.00 |
| 2020-06-30 | 2.27 | 2.56 | 1.88 | 12.00 |
| 2019-06-30 | 7.60 | 7.62 | 7.58 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 7.51 |
| 2018-09-30 | 2.66 |
| 2018-06-30 | 2.42 |
| 2018-03-31 | 2.19 |
| 2017-12-31 | 2.15 |
| 2017-09-30 | 1.62 |
| 2017-06-30 | 1.62 |
| 2017-03-31 | 1.64 |
| 2016-12-31 | 1.65 |
| 2016-09-30 | 1.53 |
| 2016-06-30 | 1.42 |
| 2016-03-31 | 1.17 |
*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.
- Twenty-First Century Fox is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
Future performance checks
We assess Twenty-First Century Fox's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Twenty-First Century Fox has a total score of 0/6, 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.
FOXA Past Performance
How has Twenty-First Century 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
Past Earnings growth analysis
- Twenty-First Century Fox's year on year earnings growth rate has been positive over the past 5 years.
- Twenty-First Century Fox's 1-year earnings growth exceeds its 5-year average (249.3% vs 0.5%)
- Twenty-First Century Fox's earnings growth has exceeded the US Entertainment industry average in the past year (249.3% vs 81.8%).
Earnings and Revenue History
All data from Twenty-First Century Fox Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 31,037.00 | 13,925.00 | 3,799.00 | |
| 2018-09-30 | 30,575.00 | 4,929.00 | 3,724.00 | |
| 2018-06-30 | 30,400.00 | 4,476.00 | 3,682.00 | |
| 2018-03-31 | 29,207.00 | 4,052.00 | 3,864.00 | |
| 2017-12-31 | 29,351.00 | 3,987.00 | 3,430.00 | |
| 2017-09-30 | 28,996.00 | 3,008.00 | 3,358.00 | |
| 2017-06-30 | 28,500.00 | 2,996.00 | 3,325.00 | |
| 2017-03-31 | 28,398.00 | 3,062.00 | 3,414.00 | |
| 2016-12-31 | 28,062.00 | 3,095.00 | 3,490.00 | |
| 2016-09-30 | 27,755.00 | 2,912.00 | 3,601.00 | |
| 2016-06-30 | 27,326.00 | 2,763.00 | 3,418.00 | |
| 2016-03-31 | 26,885.00 | 2,312.00 | 3,579.00 | |
| 2015-12-31 | 26,497.00 | 2,458.00 | 3,509.00 | |
| 2015-09-30 | 27,177.00 | 8,007.00 | 3,594.00 | |
| 2015-06-30 | 28,987.00 | 8,373.00 | 3,784.00 | |
| 2015-03-31 | 31,206.00 | 9,223.00 | 3,937.00 | |
| 2014-12-31 | 32,585.00 | 9,302.00 | 4,092.00 | |
| 2014-09-30 | 32,693.00 | 4,061.00 | 4,190.00 | |
| 2014-06-30 | 31,867.00 | 3,785.00 | 4,129.00 | |
| 2014-03-31 | 30,655.00 | 3,796.00 | 4,191.00 | |
| 2013-12-31 | 29,789.00 | 5,260.00 | 4,193.00 | |
| 2013-09-30 | 28,733.00 | 5,335.00 | 4,105.00 | |
| 2013-06-30 | 27,675.00 | 6,820.00 | 4,007.00 | |
| 2013-03-31 | 20,178.00 | 6,287.00 | 1,896.00 | |
| 2012-12-31 | 21,227.00 | 4,691.00 | 2,496.00 | |
| 2012-09-30 | 23,095.00 | 4,691.00 | 3,112.00 | |
| 2012-06-30 | 25,051.00 | 3,176.00 | 3,719.00 | |
| 2012-03-31 | 34,298.00 | 3,669.00 | 6,389.00 |
*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.
- Twenty-First Century Fox made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
- Twenty-First Century Fox used its assets more efficiently than the US Entertainment industry average last year based on Return on Assets.
- Twenty-First Century Fox's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Twenty-First Century Fox's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Entertainment industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Twenty-First Century Fox has a total score of 5/6, 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.
FOXA Health
How is Twenty-First Century 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 Twenty-First Century Fox's finances.
The net worth of a company is the difference between its assets and liabilities.
- Twenty-First Century Fox is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Twenty-First Century Fox's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 1.8x debt.
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.
All data from Twenty-First Century Fox Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 33,811.00 | 19,208.00 | 21,281.00 |
| 2018-09-30 | 22,475.00 | 19,251.00 | 7,083.00 |
| 2018-06-30 | 21,562.00 | 19,523.00 | 7,622.00 |
| 2018-03-31 | 20,984.00 | 19,997.00 | 7,372.00 |
| 2017-12-31 | 20,343.00 | 19,794.00 | 5,809.00 |
| 2017-09-30 | 18,255.00 | 19,849.00 | 6,901.00 |
| 2017-06-30 | 17,632.00 | 19,913.00 | 6,163.00 |
| 2017-03-31 | 16,871.00 | 19,896.00 | 5,572.00 |
| 2016-12-31 | 16,133.00 | 19,895.00 | 4,530.00 |
| 2016-09-30 | 15,608.00 | 19,488.00 | 4,681.00 |
| 2016-06-30 | 15,433.00 | 19,553.00 | 4,424.00 |
| 2016-03-31 | 16,061.00 | 19,745.00 | 4,993.00 |
| 2015-12-31 | 16,112.00 | 19,737.00 | 4,293.00 |
| 2015-09-30 | 16,871.00 | 19,011.00 | 5,830.00 |
| 2015-06-30 | 18,807.00 | 19,039.00 | 8,428.00 |
| 2015-03-31 | 19,613.00 | 19,092.00 | 9,276.00 |
| 2014-12-31 | 21,335.00 | 19,128.00 | 10,051.00 |
| 2014-09-30 | 20,080.00 | 20,209.00 | 4,656.00 |
| 2014-06-30 | 21,442.00 | 19,058.00 | 5,415.00 |
| 2014-03-31 | 21,498.00 | 19,054.00 | 5,517.00 |
| 2013-12-31 | 21,321.00 | 17,472.00 | 6,345.00 |
| 2013-09-30 | 20,895.00 | 17,473.00 | 6,681.00 |
| 2013-06-30 | 20,644.00 | 16,458.00 | 6,659.00 |
| 2013-03-31 | 33,894.00 | 16,474.00 | 9,324.00 |
| 2012-12-31 | 29,654.00 | 16,457.00 | 7,806.00 |
| 2012-09-30 | 27,425.00 | 16,457.00 | 12,007.00 |
| 2012-06-30 | 25,826.00 | 15,455.00 | 9,626.00 |
| 2012-03-31 | 29,047.00 | 15,460.00 | 10,686.00 |
- Twenty-First Century Fox's level of debt (56.8%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has been reduced over the past 5 years (82% vs 56.8% today).
- Debt is well covered by operating cash flow (21.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 5.9x coverage).
Financial health checks
We assess Twenty-First Century Fox's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Twenty-First Century Fox has a total score of 5/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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.
FOXA Dividends
What is Twenty-First Century 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
If you bought
$2,000 of
Twenty-First Century Fox
shares you are expected to receive
$14
in your first year as a dividend.
Dividend Amount
- Twenty-First Century Fox's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Twenty-First Century Fox's dividend is below the markets top 25% of dividend payers in United States of America (3.54%).
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.
| 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 16 Analyst Estimates (S&P Global) | See Below |
| United States of America Entertainment Industry Average Dividend Yield | Market Cap Weighted Average of 10 Stocks | 1.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2001 Stocks | 2.5% |
| 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 | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-06-30 | ||
| 2022-06-30 | ||
| 2021-06-30 | 0.50 | 6.00 |
| 2020-06-30 | 0.46 | 10.00 |
| 2019-06-30 | 0.44 | 11.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-06 | 0.360 | 0.721 |
| 2018-08-13 | 0.360 | 0.766 |
| 2018-08-08 | 0.360 | 0.792 |
| 2018-05-10 | 0.360 | 0.829 |
| 2018-05-09 | 0.360 | 0.952 |
| 2018-02-07 | 0.360 | 0.978 |
| 2017-08-14 | 0.360 | 1.201 |
| 2017-08-09 | 0.360 | 1.283 |
| 2017-05-10 | 0.360 | 1.293 |
| 2017-02-09 | 0.360 | 1.178 |
| 2017-02-06 | 0.360 | 1.182 |
| 2016-08-11 | 0.360 | 1.349 |
| 2016-08-03 | 0.360 | 1.394 |
| 2016-05-05 | 0.300 | 1.066 |
| 2016-05-04 | 0.300 | 1.006 |
| 2016-02-09 | 0.300 | 1.067 |
| 2016-02-08 | 0.300 | 1.232 |
| 2015-08-13 | 0.300 | 1.077 |
| 2015-08-05 | 0.300 | 0.985 |
| 2015-05-07 | 0.300 | 0.901 |
| 2015-05-06 | 0.300 | 0.903 |
| 2015-02-13 | 0.300 | 0.871 |
| 2014-08-11 | 0.250 | 0.712 |
| 2014-05-08 | 0.250 | 0.726 |
| 2014-05-07 | 0.250 | 0.754 |
| 2014-02-07 | 0.250 | 0.766 |
| 2014-02-06 | 0.250 | 0.777 |
| 2013-08-19 | 0.250 | 0.756 |
| 2013-05-10 | 0.170 | 0.539 |
| 2013-05-08 | 0.170 | 0.518 |
| 2013-02-07 | 0.170 | 0.563 |
| 2012-08-09 | 0.170 | 0.684 |
| 2012-05-10 | 0.170 | 0.811 |
| 2012-05-09 | 0.170 | 0.857 |
| 2012-02-09 | 0.170 | 0.871 |
| 2012-02-08 | 0.170 | 0.876 |
| 2011-08-09 | 0.170 | 0.993 |
| 2011-05-05 | 0.150 | 0.905 |
| 2011-05-04 | 0.150 | 0.865 |
| 2011-02-02 | 0.150 | 0.875 |
| 2010-08-04 | 0.150 | 1.070 |
| 2010-05-05 | 0.150 | 1.138 |
| 2010-05-04 | 0.150 | 1.001 |
| 2010-02-02 | 0.150 | 1.049 |
| 2009-08-05 | 0.120 | 0.990 |
| 2009-05-07 | 0.120 | 1.275 |
| 2009-05-06 | 0.120 | 1.270 |
| 2009-02-23 | 0.120 | 1.777 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Twenty-First Century Fox is not paying a notable dividend for United States of America, therefore no need to check if the payments are stable.
- Twenty-First Century Fox is not paying a notable dividend for United States of America, therefore no need to check if the payments are increasing.
Income/ dividend checks
We assess Twenty-First Century Fox's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Twenty-First Century Fox afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Twenty-First Century Fox has a total score of 1/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
FOXA Management
CEO
| COMPENSATION | $50,263,861 |
| AGE | 45 |
| TENURE AS CEO | 3.6 years |
CEO Bio
Mr. James Rupert Murdoch has been the Chief Executive Officer of Twenty-First Century Fox, Inc. since July 1, 2015 and served as its Co-Chief Operating Officer from March, 2014 to July 1, 2015. Mr. Murdoch served as the Deputy Chief Operating Officer of Twenty-First Century Fox, Inc. from March 2011 to March 2014 and as an Executive Vice President from September 1999 to November 4, 2003. He co-founded Quadrivium in 2014. He has broad-based experience and extensive knowledge in international markets. He served as Chairman of News Corporation of Sky Italia S.r.l. He served as Chief Executive Officer of BSkyB from 2003 to 2007. He served as the Chairman and Chief Executive of Europe and Asia at Twenty-First Century Fox since December 2007 until 2011. He served as Vice President of Music and New Media at News Corporation from 1996 to 1997. He was Head of European and Asian operations for News Corp. He served as the Chief Executive Officer at News International Limited since 2011 until 2014. He served as the Chairman and Chief Executive Officer at STAR Group Limited since February 2000 until 2003. He served as the President of News Digital Media, Inc. from 1997 to 1999. He served as the Chief Executive Officer of Sky plc (formerly, British Sky Broadcasting Group PLC) from November 4, 2003 to December 2007. He founded Rawkus Entertainment LLC in 1995 and served as its Chairman since 1995. Mr. Murdoch was Chairman of Sky plc from April 30, 2016 to October 09, 2018. He served as the Non-Executive Chairman of BSkyB from 2007 to 2012. He served as the Chairman of Supervisory Board at Sky Deutschland AG from September 27, 2013 to November 19, 2014. He served as an Executive Chairman and Executive Director of News Corp UK & Ireland Limited from January 1, 2009 to February 29, 2012. He served as Executive Chairman at News International Limited from September 1, 2009 to February 29, 2012. He served as Chairman of Sky Italia. He has been Director at News Corporation since June 28, 2013. He served as the Non-Executive Chairman of Sky plc from December 7, 2007 to April 3, 2012. He served as Vice Chairman of Phoenix Satellite Television Holdings Ltd. He served as an Executive Director of Easynet Group Plc since January 13, 2006. He served as an Executive Director of Twenty-First Century Fox, Inc. from 2000 to November 2003 and served as its Chairman of the Board from 2011 to 2014. He was a Member of Supervisory Board at Sky Deutschland AG since September 27, 2013 to 2015. He has been a Director of Twenty-First Century Fox, Inc. and New Newscorp LLC since December 2007 and June 28, 2013 respectively. He has deep expertise and critical insights from having served in a number of leadership positions within 21st Century Fox and at its affiliates over the past two decades, culminating in his appointment as Chief Executive Officer in 2015. He has been a Director of True[X] Media, Inc. since April 17, 2014, Sky Global Networks Inc. since June 2000 and YankeesNets LLC since September 1999. Mr. Murdoch has been a Director at Tesla, Inc. since July 13, 2017. He serves as a Member of Governing Board of Indian School of Business. He serves as a member of the Board of Trustees of the Harvard Lampoon and the Ghetto Film School. He serves as a Director of Yankee Global Enterprises. He serves as Director of Sky Italia S.r.l. He has served as a Director of Sky since 2003. He served as an Independent Non-Executive Director at GlaxoSmithKline Plc from May 20, 2009 to May 3, 2012. He served as a Director of NDS Group Holdings Limited from November 1999 to November 4, 2003 and again since August 2008. He served as a Director of Sotheby's since May 2010 until 2012. He served as a Director of News International Publishers Ltd. He served as a Director of Phoenix Satellite Television Holdings Ltd. since June 5, 2000. He served as a Director of NDS Limited since August 2008 and also from November 1999 to November 2003. He served as a Director of News Corp Investments UK & Ireland until March 24, 2012 and Times Newspapers Holdings Limited until March 28, 2012. He serves on the Leadership Council of The Climate Group. Mr. Murdoch attended Harvard University.
CEO Compensation
- James's compensation has increased by more than 20% in the past year.
- James's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Twenty-First Century Fox management team in years:
- The tenure for the Twenty-First Century Fox management team is about average.
Management Team
Lachlan Murdoch
Executive Co-Chairman of the Board
$51M
47
Keith Murdoch
Executive Co-Chairman of the Board
$49M
87
James Murdoch
CEO & Director
$50M
45
3.6 yrs
Chase Carey
Vice Chairman & Consultant
$20M
65
2.6 yrs
John Nallen
Senior EVP & CFO
$24M
61
5.6 yrs
Gerson Zweifach
Senior EVP
$19M
65
7 yrs
Viet Dinh
Chief Legal & Policy Officer of Fox
$327K
50
0.4 yrs
Dave DeVoe
Senior Advisor & Executive Director
$1M
71
5.6 yrs
Peter Rice
President
1.4 yrs
Christopher DeWolf
Co-Founder
52
Board of Directors Tenure
Average tenure and age of the Twenty-First Century Fox board of directors in years:
- The average tenure for the Twenty-First Century Fox board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Lachlan Murdoch
Executive Co-Chairman of the Board
$51M
47
4.9 yrs
Keith Murdoch
Executive Co-Chairman of the Board
$49M
87
28.1 yrs
James Murdoch
CEO & Director
$50M
45
11.2 yrs
Chase Carey
Vice Chairman & Consultant
$20M
65
9.6 yrs
Rod Eddington
Lead Director
$359K
68
13.1 yrs
Jac Nasser
Independent Director
$332K
71
5.7 yrs
Dave DeVoe
Senior Advisor & Executive Director
$1M
71
29.1 yrs
Peter Rice
President
Gary Newman
Chairman & CEO of Fox Television Group
Dana Walden
Co-Chairman & CEO of Fox Television Group
52
Stacey Snider
Chairman & CEO of 20th Century Fox Film
56
2.4 yrs
Who owns this company?
Recent Insider Trading
- Twenty-First Century Fox insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 12. Feb 19 | Sell | Gerson Zweifach | Individual | 08. Feb 19 | 08. Feb 19 | -36,007 | $49.41 | $-1,779,106 | ||
| 17. Aug 18 | Buy | Lachlan Murdoch | Individual | 16. Aug 18 | 16. Aug 18 | 137,801 | $45.48 | $6,267,189 | ||
Management checks
We assess Twenty-First Century Fox's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Twenty-First Century 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.
FOXA 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 - – Full articleShould 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 - – Full articleTwenty-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 - – Full articleIs 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 - – Full articleDid 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 - – Full articleWhere 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 - – Full articleWhat 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 - – Full articleWith 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 - – Full articleIs 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 - – Full articleAre 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 - – Full articleFOXA Company Info
Map
Description
Twenty-First Century Fox, Inc. operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors. It also broadcasts network programming; and operates 28 broadcast television stations, including 11 duopolies in the United States. In addition, the company produces and acquires live-action and animated motion pictures for distribution and licensing in various formats in entertainment media, as well as produces and licenses television programming. The company was formerly known as News Corporation. Twenty-First Century Fox, Inc. was founded in 1922 and is headquartered in New York, New York.
Details
| Name: | Twenty-First Century Fox, Inc. |
| FOXA | |
| Exchange: | NasdaqGS |
| Founded: | 1922 |
| $93,964,885,157 | |
| 1,856,929,453 | |
| Website: | http://www.21cf.com |
| Address: |
Twenty-First Century Fox, Inc. 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 | 03. Nov 2004 | |
| DB | NWXA | Class A Common Stock | Deutsche Boerse AG | DE | EUR | 03. Nov 2004 | |
| LSE | 0LHH | Class A Common Stock | London Stock Exchange | GB | USD | 03. Nov 2004 | |
| WBAG | FOXA | Class A Common Stock | Wiener Boerse AG | AT | EUR | 03. Nov 2004 | |
| NasdaqGS | FOX | Class B Common Stock | Nasdaq Global Select | US | USD | 03. Nov 2004 | |
| DB | NXWB | Class B Common Stock | Deutsche Boerse AG | DE | EUR | 03. Nov 2004 | |
| LSE | 0LHI | Class B Common Stock | London Stock Exchange | GB | USD | 03. Nov 2004 | |
| WBAG | FOX | Class B Common Stock | Wiener Boerse AG | AT | EUR | 03. Nov 2004 | |
| BMV | FOX * | Class B Common Stock | Bolsa Mexicana de Valores | MX | MXN | 03. Nov 2004 |
Number of employees
Current staff
Industry
| Movies and Entertainment | |
| Media |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/22 00:02 |
| End of day share price update: | 2019/02/21 00:00 |
| Last estimates confirmation: | 2019/02/20 |
| Last earnings filing: | 2019/02/06 |
| 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.
