Projected Income Statement: Fox Corporation

Forecast Balance Sheet: Fox Corporation

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 2,065 2,006 2,938 2,878 1,251 2,519 1,480 714
Change - -2.86% 46.46% -2.04% -56.53% 101.36% -41.25% -51.76%
Announcement Date 4/8/21 10/8/22 8/8/23 6/8/24 5/8/25 - - -
1USD in Million
Estimates

Cash Flow Forecast: Fox Corporation

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 484 307 357 345 331 471.9 402.3 389.4
Change - -36.57% 16.29% -3.36% -4.06% 42.56% -14.75% -3.19%
Free Cash Flow (FCF) 1 2,155 1,577 1,443 1,495 2,993 1,467 2,670 2,402
Change - -26.82% -8.5% 3.6% 100.2% -50.98% 81.99% -10.04%
Announcement Date 4/8/21 10/8/22 8/8/23 6/8/24 5/8/25 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Fox Corporation

Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 23.91% 21.15% 21.4% 20.62% 22.23% 22.33% 22.62% 21.86%
EBIT Margin (%) 21.42% 18.42% 18.53% 17.73% 19.81% 19.64% 20.42% 19.58%
EBT Margin (%) 22.6% 12.12% 11.64% 15.05% 18.78% 12.82% 18.36% 17.08%
Net margin (%) 16.66% 8.62% 8.31% 10.74% 13.88% 9.48% 13.59% 12.42%
FCF margin (%) 16.69% 11.29% 9.68% 10.69% 18.36% 8.86% 15.45% 13.86%
FCF / Net Income (%) 100.23% 130.87% 116.46% 99.6% 132.26% 93.49% 113.64% 111.56%

Profitability

        
ROA 7.67% 5.34% 5.63% 6.85% 10.02% 8.25% 10.27% 8.77%
ROE 16.15% 10.73% 11.41% 14.23% 19.96% 16.26% 19.08% 16.67%

Financial Health

        
Leverage (Debt/EBITDA) 0.67x 0.68x 0.92x 1x 0.35x 0.68x 0.38x 0.19x
Debt / Free cash flow 0.96x 1.27x 2.04x 1.93x 0.42x 1.72x 0.55x 0.3x

Capital Intensity

        
CAPEX / Current Assets (%) 3.75% 2.2% 2.39% 2.47% 2.03% 2.85% 2.33% 2.25%
CAPEX / EBITDA (%) 15.68% 10.39% 11.19% 11.97% 9.13% 12.76% 10.29% 10.28%
CAPEX / FCF (%) 22.46% 19.47% 24.74% 23.08% 11.06% 32.16% 15.07% 16.21%

Items per share

        
Cash flow per share 1 4.435 3.305 3.39 3.833 7.274 4.355 7.05 6.809
Change - -25.48% 2.56% 13.08% 89.75% -40.12% 61.86% -3.42%
Dividend per Share 1 0.46 0.48 0.5 0.52 0.54 0.6062 0.5851 0.624
Change - 4.35% 4.17% 4% 3.85% 12.27% -3.49% 6.65%
Book Value Per Share 1 18.69 20.59 19.54 23.23 26.8 27.33 31.05 34.63
Change - 10.16% -5.09% 18.86% 15.37% 1.97% 13.61% 11.55%
EPS 1 3.61 2.11 2.33 3.13 4.91 3.553 5.628 5.512
Change - -41.55% 10.43% 34.33% 56.87% -27.65% 58.41% -2.05%
Nbr of stocks (in thousands) 580,208 556,749 504,638 466,731 449,618 419,901 419,901 419,901
Announcement Date 4/8/21 10/8/22 8/8/23 6/8/24 5/8/25 - - -
1USD
Estimates
2026 *2027 *
P/E 14.7x 9.27x
PBR 1.91x 1.68x
EV / Sales 1.4x 1.28x
Yield 1.16% 1.12%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
-
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
52.16USD
Average target price
71.38USD
Spread / Average Target
+36.84%

Quarterly revenue - Rate of surprise