Fox logged a -0.5% change during today's morning session, and is now trading at a price of $53.55 per share.
Fox returned gains of 62.2% last year, with its stock price reaching a high of $58.74 and a low of $32.76. Over the same period, the stock outperformed the S&P 500 index by 50.9%. More recently, the company's 50-day average price was $52.07. Fox Corporation operates as a news, sports, and entertainment company in the United States (U. Based in New York, NY, the Large-Cap Industrials company has 10,200 full time employees. Fox has offered a 1.0% dividend yield over the last 12 months.
EPS Trend Sustained Primarily by Reducing the Number of Shares Outstanding:
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $11,389 | $12,303 | $12,909 | $13,974 | $14,913 | $13,980 |
| Operating Margins | 20% | 12% | 23% | 12% | 12% | 15% |
| Net Margins | 14% | 9% | 17% | 9% | 8% | 11% |
| Net Income (M) | $1,643 | $1,062 | $2,201 | $1,233 | $1,253 | $1,554 |
| Net Interest Expense (M) | $203 | $369 | $395 | -$371 | -$218 | -$47 |
| Depreciation & Amort. (M) | $212 | $258 | $300 | $363 | $411 | $389 |
| Diluted Shares (M) | 620 | 598 | 573 | 543 | 482 | 462 |
| Earnings Per Share | $2.57 | $1.62 | $3.61 | $2.11 | $2.33 | $3.13 |
| EPS Growth | n/a | -36.96% | 122.84% | -41.55% | 10.43% | 34.33% |
| Free Cash Flow (M) | $2,289 | $2,006 | $2,155 | $1,577 | $1,443 | $1,495 |
| CAPEX (M) | $235 | $359 | $484 | $307 | $357 | $345 |
| Total Debt (M) | $6,753 | $7,949 | $7,954 | $7,208 | $8,445 | $7,200 |
| Net Debt / EBITDA | 1.95 | 2.0 | 1.15 | 1.53 | 2.01 | 1.56 |
| Current Ratio | 3.52 | 3.81 | 2.97 | 3.37 | 2.29 | 2.5 |
Fox has an excellent current ratio of 2.5, growing revenues and a flat capital expenditure trend, and healthy leverage levels. However, the firm suffers from EPS growth achieved by reducing the number of outstanding shares and positive cash flows. Finally, we note that Fox has decent operating margins with a negative growth trend.
a Lower P/B Ratio Than Its Sector Average but Trades Above Its Graham Number:
Fox has a trailing twelve month P/E ratio of 12.9, compared to an average of 24.03 for the Industrials sector. Based on its EPS guidance of $3.73, the company has a forward P/E ratio of 14.0. The 5.5% compound average growth rate of Fox's historical and projected earnings per share yields a PEG ratio of 2.36. This suggests that these shares are overvalued. In contrast, the market is likely undervaluing Fox in terms of its equity because its P/B ratio is 2.09 while the sector average is 2.89. The company's shares are currently trading 27.9% below their Graham number.
Fox Has an Average Rating of Buy:
The 20 analysts following Fox have set target prices ranging from $48.0 to $66.0 per share, for an average of $56.9 with a buy rating. The company is trading -5.9% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Fox has an above average percentage of its shares sold short because 8.5% of the company's shares are sold short. Institutions own 111.5% of the company's shares, and the insider ownership rate stands at 1.12%, suggesting a large amount of insider shareholders. The largest shareholder is Vanguard Group Inc, whose 12% stake in the company is worth $1,378,485,785.
