Twenty-First Century Fox operates as a diversified media and entertainment company worldwide. It operates through Cable Network Programming, Television, Filmed Entertainment, and Direct Broadcast Satellite Television segments. The company was founded in 1922 and is based in New York, New York.
FOXA Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Fox Corp with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Fox Corp ranked in the 83th percentile in terms of potential gain offered. Moreover, under all the scenarios we modelled, the output consistently forecasted positive returns. As for the metrics that stood out in our discounted cash flow analysis of Fox Corp, consider:
In the past 1.59 years, Fox Corp has a compound free cash flow growth rate of 0.46%; that's higher than 80.65% of free cash flow generating stocks in the Consumer Cyclical sector.
Fox Corp's weighted average cost of capital (WACC) is 7%; for context, that number is higher than merely 8.24% of tickers in our DCF set.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
DKS, LZB, NCMI, CAAS, and CWH can be thought of as valuation peers to FOXA, in the sense that they are in the Consumer Cyclical sector and have a similar price forecast based on DCF valuation.
Fox Bet, a joint venture between Flutter Entertainment (OTC: PDYPY ) and Fox Corp (NASDAQ: FOXA ), is rumored to be planning an initial public offering, according to an industry research firm. What Happened: Research firm Eilers & Krejcik said in a newsletter that a potential Fox Bet IPO could be coming. A Fox Bet IPO would give parent company Flutter the chance to spin off its other U.S. brand "in a frothy market," the newsletter said. Why It’s Important: Flutter, the world’s largest online gaming firm, is the owner of two sports betting brands in the U.S. market. A FoxBet IPO would allow it to focus completely on FanDuel. Another possibility would be to combine Fox Bet and FanDuel and create a larger pure play sports betting company in the U.S. Flutter has strong sports betting market...
NEW YORK and LOS ANGELES, Sept. 1, 2020 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) today announced that Executive Chairman and Chief Executive Officer Lachlan Murdoch will participate at the BofA Securities 2020 Media, Communications and Entertainment Virtual Conference on…
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Fox Corporation (FOX) is a leader in the media and entertainment industry, and has been diversifying and expanding its revenue streams through investing in its core businesses along with strategic M&A. Fox has grown revenues for fiscal 2020 despite disruptions due to COVID-19, and changing consumer behavior towards linear television....