Projected Income Statement: Fox Corporation

Forecast Balance Sheet: Fox Corporation

Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Net Debt 1 2,006 2,938 2,878 1,251 2,401 707 -534 -1,727
Change - 46.46% -2.04% -56.53% 91.93% -70.55% -175.53% -223.41%
Announcement Date 8/10/22 A 8/8/23 A 8/6/24 A 8/5/25 A 8/6/26 A - - -
1USD in Million
Estimates

Cash Flow Forecast: Fox Corporation

Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
CAPEX 1 307 357 345 331 502 422 415.6 439.6
Change - 16.29% -3.36% -4.06% 51.66% -15.94% -1.5% 5.76%
Free Cash Flow (FCF) 1 1,577 1,443 1,495 2,993 1,468 3,121 2,630 2,755
Change - -8.5% 3.6% 100.2% -50.95% 112.57% -15.73% 4.78%
Announcement Date 8/10/22 A 8/8/23 A 8/6/24 A 8/5/25 A 8/6/26 A - - -
1USD in Million
Estimates

Forecast Financial Ratios: Fox Corporation

Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029

Profitability

        
EBITDA Margin (%) 21.15% 21.4% 20.62% 22.23% 22.81% 23.24% 22.04% 21.46%
EBIT Margin (%) 18.42% 18.53% 17.73% 19.81% 20.41% 20.82% 19.64% 19.26%
EBT Margin (%) 12.12% 11.64% 15.05% 18.78% 13.3% 19.31% 17.96% 17.61%
Net margin (%) 8.62% 8.31% 10.74% 13.88% 9.84% 14.12% 13.45% 13.12%
FCF margin (%) 11.29% 9.68% 10.69% 18.36% 8.57% 17.69% 14.92% 14.42%
FCF / Net Income (%) 130.87% 116.46% 99.6% 132.26% 87.12% 125.31% 110.92% 109.93%

Profitability

        
ROA 5.34% 5.63% 6.85% 10.02% 7.38% 10.51% 8.45% 8.83%
ROE 10.73% 11.41% 14.23% 19.96% 14.29% 20.05% 16.69% 17.2%

Financial Health

        
Leverage (Debt/EBITDA) 0.68x 0.92x 1x 0.35x 0.61x 0.17x - -
Debt / Free cash flow 1.27x 2.04x 1.93x 0.42x 1.64x 0.23x - -

Capital Intensity

        
CAPEX / Current Assets (%) 2.2% 2.39% 2.47% 2.03% 2.93% 2.39% 2.36% 2.3%
CAPEX / EBITDA (%) 10.39% 11.19% 11.97% 9.13% 12.85% 10.29% 10.7% 10.72%
CAPEX / FCF (%) 19.47% 24.74% 23.08% 11.06% 34.2% 13.52% 15.81% 15.95%

Items per share

        
Cash flow per share 1 3.305 3.39 3.833 7.274 4.488 8.456 7.017 7.419
Change - 2.56% 13.08% 89.75% -38.3% 88.43% -17.01% 5.73%
Dividend per Share 1 0.48 0.5 0.52 0.54 - 0.5789 0.6119 0.6455
Change - 4.17% 4% 3.85% - - 5.71% 5.48%
Book Value Per Share 1 20.59 19.54 23.23 26.8 - 31.34 34.97 39.41
Change - -5.09% 18.86% 15.37% - - 11.57% 12.7%
EPS 1 2.11 2.33 3.13 4.91 3.84 5.914 5.701 6.426
Change - 10.43% 34.33% 56.87% -21.79% 54.02% -3.61% 12.71%
Nbr of stocks (in thousands) 556,749 504,638 466,731 449,618 419,901 420,437 420,437 420,437
Announcement Date 8/10/22 A 8/8/23 A 8/6/24 A 8/5/25 A 8/6/26 A - - -
1USD
Estimates
2027 *2028 *
P/E 11.6x 12x
PBR 2.19x 1.96x
EV / Sales 1.58x 1.51x
Yield 0.84% 0.89%

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
18
Last Close Price
68.54USD
Average target price
75.33USD
Spread / Average Target
+9.91%

Quarterly revenue - Rate of surprise