DCF Tool

FOXA

fox corporation produces and distributes compelling news, sports and entertainment content through its iconic domestic brands including: fox news, fox sports, the fox network, and the fox television stations. these brands hold cultural significance with consumers and commercial importance for distributors and advertisers. the breadth and depth of our footprint allows us to deliver content that engages and informs audiences, develops deeper consumer relationships and creates more compelling product offerings. fox maintains an impressive track record of news, sports, and entertainment industry success that will shape our strategy to capitalize on current strengths and invest in new initiatives. for more information about fox corporation, please visit www.foxcorporation.com.
Analysis Results
Intrinsic Value $188.22
Latest Price $30.09
Relative Value 84% undervalued
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Cash Flow (Billions)
Analysis Parameters
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Analysis Details
Growth Rate Projection

An exponential growth model was fit to the past cash flow data, giving more weight to more recent years. This model determined a growth rate estimate of 1.0%.

Weighted Average Cost of Capital (WACC)

The calculated WACC is 5.7%. This value is used as the default discount rate.

Value of Future Flows

Assuming a growth rate of 1.0%, the cash flows for the next 5 years are projected.

The present value of each year's flow is adjusted to present value using the discount rate.

Year Future flow (billion) Present value (billion)
2024 1.81 1.71
2025 1.82 1.63
2026 1.84 1.56
2027 1.86 1.49
2028 1.88 1.42
Terminal Value

Assuming a growth rate after the projection years of 2.0%, the terminal value of the company would be 51.9 billion. This corresponds to a present value of 37.2 billion.

Intrinsic Value Per Share

The total present value of the projected cash flows is 7.81 billion. Adding in the terminal value gives a total present value of 45.0 billion.

There are presently 239.0 million outstanding shares, so the intrinsic value per share is 188.22.

Financial Statements

The following data was to determine the past cash flows.

Current Assets 7,257,000,000
Current Cash 4,272,000,000
Current Liabilities 3,763,000,000
Current Debt 1,249,000,000
Non-Cash Working Capital (NCWC) 471,000,000
Change in NCWC -314,000,000
EBIT 2,764,000,000
Tax Provision 483,000,000
Depreciation and Amortization 427,000,000
Capital Expenditure -357,000,000
Unlevered Free Cash Flow 1,750,983,870
Current Assets 8,281,000,000
Current Cash 5,200,000,000
Current Liabilities 2,296,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) 785,000,000
Change in NCWC 175,000,000
EBIT 2,574,000,000
Tax Provision 461,000,000
Depreciation and Amortization 381,000,000
Capital Expenditure -307,000,000
Unlevered Free Cash Flow 2,122,519,480
Current Assets 8,749,000,000
Current Cash 5,886,000,000
Current Liabilities 3,002,000,000
Current Debt 749,000,000
Non-Cash Working Capital (NCWC) 610,000,000
Change in NCWC -325,000,000
EBIT 2,765,000,000
Tax Provision 717,000,000
Depreciation and Amortization 300,000,000
Capital Expenditure -484,000,000
Unlevered Free Cash Flow 1,576,594,585
Current Assets 7,486,000,000
Current Cash 4,645,000,000
Current Liabilities 1,906,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) 935,000,000
Change in NCWC -597,000,000
EBIT 2,497,000,000
Tax Provision 402,000,000
Depreciation and Amortization 258,000,000
Capital Expenditure -359,000,000
Unlevered Free Cash Flow 1,113,348,360
Current Assets 6,478,000,000
Current Cash 3,234,000,000
Current Liabilities 1,712,000,000
Current Debt 0
Non-Cash Working Capital (NCWC) 1,532,000,000
Change in NCWC 211,000,000
EBIT 2,431,000,000
Tax Provision 581,000,000
Depreciation and Amortization 212,000,000
Capital Expenditure -235,000,000
Unlevered Free Cash Flow 1,983,923,111

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