Fox Corp Class B

Company Profile

Fox Corp Class B had its IPO on 2019-03-13 under the ticker symbol FOX.

The company operates in the Communication Services sector and Entertainment industry. Fox Corp Class B has a staff strength of 10,600 employees.

Stock update

Shares of Fox Corp Class B opened at $30.65 at the start of the last trading session i.e. 2023-03-24.

The stocks traded within a range of $29.58 - $30.65, and closed at $30.38.

This is a -1.71% slip from the previous day's closing price.

A total volume of 847,320 shares were traded at the close of the day’s session.

In the last one week, shares of Fox Corp Class B have increased by +0.53%.

Fox Corp Class B's Key Ratios

Fox Corp Class B has a market cap of $17.34 billion, indicating a price to book ratio of 1.4023 and a price to sales ratio of 1.1453.

In the last 12-months Fox Corp Class B’s revenue was $14.28 billion with a gross profit of $4.86 billion and an EBITDA of $3.19 billion. The EBITDA ratio measures Fox Corp Class B's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Fox Corp Class B’s operating margin was 19.44% while its return on assets stood at 7.55% with a return of equity of 13.13%.

In Q4, Fox Corp Class B’s quarterly earnings growth was a negative -9.1% while revenue growth was a positive 3.7%.

Fox Corp Class B’s PE and PEG Ratio

Forward PE

8.5911

Trailing PE

11.281

PEG

2.0168

Its diluted EPS in the last 12-months stands at $2.74 per share while it has a forward price to earnings multiple of 8.5911 and a PEG multiple of 2.0168. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Fox Corp Class B’s profitability.

Fox Corp Class B stock is trading at a EV to sales ratio of 1.3824 and a EV to EBITDA ratio of 8.353. Its price to sales ratio in the trailing 12-months stood at 1.1453.

Fox Corp Class B stock pays annual dividends of $0.49 per share, indicating a yield of 1.63% and a payout ratio of 15.43%.

Balance sheet and cash flow metrics

Total Assets

$23.13 billion

Total Liabilities

$2.54 billion

Operating Cash Flow

$-103000000.00

Capital Expenditure

$79 million

Dividend Payout Ratio

15.43%

Fox Corp Class B ended 2023 with $23.13 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $23.13 billion while shareholder equity stood at $11.61 billion.

Fox Corp Class B ended 2023 with $0 in deferred long-term liabilities, $2.54 billion in other current liabilities, 5000000.00 in common stock, $2.99 billion in retained earnings and $3.56 billion in goodwill. Its cash balance stood at $4.06 billion and cash and short-term investments were $4.06 billion. The company’s total short-term debt was $0 while long-term debt stood at $7.21 billion.

Fox Corp Class B’s total current assets stands at $8.57 billion while long-term investments were $772.00 million and short-term investments were $0. Its net receivables were $3.00 billion compared to accounts payable of $2.54 billion and inventory worth $1.30 billion.

In 2023, Fox Corp Class B's operating cash flow was $-103000000.00 while its capital expenditure stood at $79 million.

Comparatively, Fox Corp Class B paid $0.15 in dividends in 2023.

Other key metrics

Current Trading Price

$30.38

52-Week High

$37.2561

52-Week Low

$26.1495

Analyst Target Price

$51.5

Fox Corp Class B stock is currently trading at $30.38 per share. It touched a 52-week high of $37.2561 and a 52-week low of $37.2561. Analysts tracking the stock have a 12-month average target price of $51.5.

Its 50-day moving average was $31.51 and 200-day moving average was $30.12 The short ratio stood at 1.6 indicating a short percent outstanding of 0%.

Around 4315.7% of the company’s stock are held by insiders while 5425.9% are held by institutions.