Financials Fox Corporation

Equities

FOXA

US35137L1052

Broadcasting

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-02 pm EST			5-day change	1st Jan Change
46.77 ^USD	-0.74%		+1.50%	+57.63%

Nov. 29	Wall Street hit by turkey coma
Nov. 29	MoffettNathanson Adjusts Price Target on Fox to $49 From $51, Maintains Buy Rating	MT

Projected Income Statement: Fox Corporation

income-statement-evolution-chart FOX-CORPORATION

Fiscal Period: Giugno	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	12,303	12,909	13,974	14,913	13,980	15,569	15,044	15,403
Change	-	4.93%	8.25%	6.72%	-6.26%	11.37%	-3.37%	2.39%
EBITDA ¹	2,779	3,087	2,955	3,191	2,883	3,204	2,970	3,093
Change	-	11.08%	-4.28%	7.99%	-9.65%	11.12%	-7.3%	4.14%
EBIT ¹	2,497	2,765	2,574	2,764	2,478	2,779	2,562	2,690
Change	-	10.73%	-6.91%	7.38%	-10.35%	12.16%	-7.8%	4.98%
Interest Paid ¹	-369	-395	-371	-218	-216	-258.8	-238.9	-222
Earnings before Tax (EBT) ¹	1,464	2,918	1,694	1,736	2,104	2,691	2,202	2,431
Change	-	99.32%	-41.95%	2.48%	21.2%	27.92%	-18.16%	10.39%
Net income ¹	999	2,150	1,205	1,239	1,501	1,934	1,597	1,780
Change	-	115.22%	-43.95%	2.82%	21.15%	28.85%	-17.43%	11.44%
Announcement Date	8/4/20	8/4/21	8/10/22	8/8/23	8/6/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: June	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	3,778	3,440	2,418	2,717	4,087	3,215	2,890	3,045	4,441	3,455	3,033	3,192	4,605	4,084	3,032	3,207	4,234	3,447	3,092	3,564	4,800	4,089	3,116	3,510	4,499	3,606	3,168	3,589
Change	-	-8.95%	-29.71%	12.37%	50.42%	-21.34%	-10.11%	5.36%	45.85%	-22.2%	-12.21%	5.24%	44.27%	-11.31%	-25.76%	5.77%	32.02%	-18.59%	-10.3%	15.27%	34.67%	-14.81%	-23.79%	12.66%	28.17%	-19.84%	-12.16%	13.29%
EBITDA ¹	261	920	742	1,166	305	899	717	1,064	310	811	770	1,092	531	833	735	869	350	891	773	1,048	549.1	759.5	827.7	950.9	404.8	767.2	806.5	769
Change	-	252.49%	-19.35%	57.14%	-73.84%	194.75%	-20.24%	48.4%	-70.86%	161.61%	-5.06%	41.82%	-51.37%	56.87%	-11.76%	18.23%	-59.72%	154.57%	-13.24%	35.58%	-47.61%	38.32%	8.98%	14.89%	-57.43%	89.5%	5.13%	-4.66%
EBIT ¹	199	858	643	1,093	229	815	628	980	213	714	667	989	424	723	628	769	249	789	671	953	456.4	666.2	736.4	844.2	420.4	633.6	903	674
Change	-	331.16%	-25.06%	69.98%	-79.05%	255.9%	-22.94%	56.05%	-78.27%	235.21%	-6.58%	48.28%	-57.13%	70.52%	-13.14%	22.45%	-67.62%	216.87%	-14.96%	42.03%	-52.11%	45.97%	10.53%	14.64%	-50.2%	50.71%	42.52%	-25.36%
Charge d'intérêts ¹	-82	-89	-100	-98	-97	-98	-99	-97	-97	-91	-86	-68	-60	-55	-35	-42	-72	-55	-47	-50	-65.62	-68	-65.71	-56	-56	-56	-48.5	-
Earnings before Tax (EBT) ¹	419	145	200	1,479	304	778	357	952	-95	390	447	845	437	-51	505	561	131	961	451	1,113	390.6	584.8	636.5	787.8	-160	594.5	729	-
Change	-	-65.39%	37.93%	639.5%	-79.45%	155.92%	-54.11%	166.67%	-	-	14.62%	89.04%	-48.28%	-	-	11.09%	-76.65%	633.59%	-53.07%	146.78%	-64.91%	49.72%	8.85%	23.76%	-	-	22.62%	-100%
Net income ¹	300	78	122	1,106	224	567	253	701	-85	283	306	605	313	-54	375	407	109	666	319	827	284.8	407.3	458.1	585.2	-127.5	434	524.5	-
Change	-	-74%	56.41%	806.56%	-79.75%	153.12%	-55.38%	177.08%	-	-	8.13%	97.71%	-48.26%	-	-	8.53%	-73.22%	511.01%	-52.1%	159.25%	-65.56%	42.99%	12.48%	27.75%	-	-	20.85%	-100%
Announcement Date	2/5/20	5/6/20	8/4/20	11/3/20	2/9/21	5/5/21	8/4/21	11/3/21	2/9/22	5/10/22	8/10/22	11/1/22	2/8/23	5/9/23	8/8/23	11/2/23	2/7/24	5/8/24	8/6/24	11/4/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Fox Corporation

balance-sheet-analysis-chart FOX-CORPORATION

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	3,301	2,065	2,006	2,938	2,878	2,056	1,693	503
Change	-	-37.44%	-2.86%	46.46%	-2.04%	-28.56%	-17.66%	-70.29%
Announcement Date	8/4/20	8/4/21	8/10/22	8/8/23	8/6/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Fox Corporation

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	359	484	307	357	345	342.4	353	378.7
Change	-	34.82%	-36.57%	16.29%	-3.36%	-0.74%	3.08%	7.27%
Free Cash Flow (FCF) ¹	2,006	2,155	1,577	1,443	1,495	1,892	1,845	2,032
Change	-	7.43%	-26.82%	-8.5%	3.6%	26.59%	-2.5%	10.13%
Announcement Date	8/4/20	8/4/21	8/10/22	8/8/23	8/6/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Fox Corporation

Fiscal Period: June	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	22.59%	23.91%	21.15%	21.4%	20.62%	20.58%	19.74%	20.08%
EBIT Margin (%)	20.3%	21.42%	18.42%	18.53%	17.73%	17.85%	17.03%	17.46%
EBT Margin (%)	11.9%	22.6%	12.12%	11.64%	15.05%	17.29%	14.64%	15.79%
Net margin (%)	8.12%	16.66%	8.62%	8.31%	10.74%	12.42%	10.61%	11.55%
FCF margin (%)	16.3%	16.69%	11.29%	9.68%	10.69%	12.16%	12.26%	13.19%
FCF / Net Income (%)	200.8%	100.23%	130.87%	116.46%	99.6%	97.85%	115.55%	114.19%
Profitability
ROA	4.84%	7.67%	5.34%	5.63%	6.85%	8.61%	6.96%	7.68%
ROE	15.25%	16.15%	10.73%	11.41%	14.23%	16.18%	13.36%	13.64%
Financial Health
Leverage (Debt/EBITDA)	1.19x	0.67x	0.68x	0.92x	1x	0.64x	0.57x	0.16x
Debt / Free cash flow	1.65x	0.96x	1.27x	2.04x	1.93x	1.09x	0.92x	0.25x
Capital Intensity
CAPEX / Current Assets (%)	2.92%	3.75%	2.2%	2.39%	2.47%	2.2%	2.35%	2.46%
CAPEX / EBITDA (%)	12.92%	15.68%	10.39%	11.19%	11.97%	10.69%	11.89%	12.24%
CAPEX / FCF (%)	17.9%	22.46%	19.47%	24.74%	23.08%	18.09%	19.13%	18.63%
Items per share
Cash flow per share ¹	3.839	4.435	3.305	3.39	3.833	5.124	4.848	5.137
Change	-	15.52%	-25.48%	2.56%	13.08%	33.68%	-5.4%	5.97%
Dividend per Share ¹	0.46	0.46	0.48	0.5	0.52	0.5497	0.5975	0.6187
Change	-	0%	4.35%	4.17%	4%	5.72%	8.7%	3.54%
Book Value Per Share ¹	16.69	18.69	20.59	19.54	23.23	25.9	28.27	31.18
Change	-	12%	10.16%	-5.09%	18.86%	11.48%	9.16%	10.32%
EPS ¹	1.62	3.61	2.11	2.33	3.13	4.35	3.603	4.178
Change	-	122.84%	-41.55%	10.43%	34.33%	38.99%	-17.19%	15.97%
Nbr of stocks (in thousands)	603,721	580,208	556,749	504,638	466,731	456,736	456,736	456,736
Announcement Date	8/4/20	8/4/21	8/10/22	8/8/23	8/6/24	-	-	-