公司概述
Fox Corporation operates as a prominent news, sports, and entertainment entity within the United States market, delivering content across four distinct segments including Cable Network Programming, Television, Credible, and The FOX Studio Lot. The company is classified within the Communication Services sector and specifically functions in the Entertainment industry, positioning it as a key player in media distribution and content production. As of the latest data, the organization employs approximately 10,400 individuals and maintains a total market capitalization of $26.70 billion. With annual revenue reaching $16.58 billion, these financial dimensions indicate that Fox Corporation holds a substantial position in the competitive media landscape, reflecting its significant scale and operational footprint.
财务健康
The company reported a trailing twelve-month revenue of $16.58 billion, generating net income of $1.89 billion and EBITDA of $3.53 billion. The substantial difference between the total revenue figure and the net income reveals a cost structure where operating expenses, including content licensing, production costs, and administrative overhead, consume approximately 88.6% of gross revenue before reaching the bottom line. Free cash flow stands at $1.77 billion, which demonstrates a strong capacity for financial flexibility, allowing the firm to fund capital expenditures, manage debt obligations, or pursue strategic acquisitions without immediate dilution of equity. The gross margin is recorded at 35.4%, indicating the portion of revenue remaining after direct production costs, while the operating margin of 11.3% reflects efficiency in covering overheads, and the profit margin of 11.4% shows the final profitability relative to sales. In terms of balance sheet composition, the company holds $2.02 billion in cash against total debt of $7.50 billion, resulting in a debt-to-equity ratio of 67.39%, which suggests a leveraged capital structure typical for capital-intensive media firms. The current ratio is 2.78, signaling robust short-term liquidity as the company possesses more than twice the current assets necessary to cover its current liabilities. Return on Equity is 16.8% and Return on Assets is 8.8%, metrics that reveal management's effectiveness in generating profits from shareholders' equity and utilizing the company's total asset base respectively.
估值评估
The trailing twelve-month P/E ratio is 15.05, whereas the forward P/E is projected at 12.19, implying that the market expects earnings to decline in the near future as the forward multiple is significantly lower than the historical average. The price-to-book ratio stands at 2.44, indicating that the market values the company at more than double its net asset value, suggesting a premium placed on its intangible assets like intellectual property and brand equity. Alternative valuation metrics include a price-to-sales ratio of 1.61 and an EV/EBITDA of 9.16, which provide context on the company's valuation relative to its sales volume and operational earnings power without the impact of capital structure. The stock has traded between a 52-week high of $76.39 and a 52-week low of $46.42, placing the current trading price within a range that reflects recent market volatility but below the yearly peak. The beta value is 0.51, which indicates that the stock's price volatility is significantly lower than the broader market, suggesting it may act as a defensive holding during periods of market turbulence.
Growth & Income
Revenue growth year-over-year is recorded at 2.0%, while earnings growth year-over-year stands at -35.8%, revealing that earnings are contracting at a much faster rate than revenue, likely due to non-recurring costs, restructuring charges, or a one-time impact on net income rather than operational inefficiency. As a dividend payer, the company offers a yield of 0.9% with a payout ratio of 13.2%, a low ratio that suggests the dividend is highly sustainable given the current earnings level and leaves ample room for retention of earnings. This low payout ratio further implies that the company prioritizes reinvesting earnings into growth initiatives or maintaining liquidity rather than maximizing immediate shareholder distributions through dividends. Overall, the growth and income profile presents a mixed picture with flat revenue expansion, negative earnings growth, and a conservative dividend strategy that balances yield with capital preservation.