Fox Corporation — Intrinsic Value & Fair Price

FOX

NASDAQCommunication ServicesEntertainmentCIK 0001754301foxcorporation.comAbout FOX

Last close · Oct 16, 202657.22+0.08 (+0.14%)

Market cap$25.5B

Model value · DCF · Perpetuity growth · 5y

99.47

Fox (Class B) closed at $57.22 — undervalued by 42% vs model.

60.29the model's range224.96

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models

10.03 – 146.29

Wall St. target

85.00 33% below

Below model, 1y

20 of 20 days

Price and model value

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What the marks mean

Daily close

Valuation models

price $57.22 · as of Oct 17, 2026

DCF · Perpetuity growth · 5yused60.29 – 224.9699.4742% undervalued DCF · Perpetuity growth · 10y63.44 – 223.57101.2043% undervalued DCF · EBITDA exit · 5y47.42 – 108.6675.4524% undervalued DCF · EBITDA exit · 10y53.87 – 119.0781.6130% undervalued P/E · peers79.45 – 138.09116.7751% undervalued P/E · own history54.62 – 70.4061.447% undervalued PEG—146.2961% undervalued EV/EBITDA · peers63.50 – 109.4669.4818% undervalued EV/Revenue · peers37.28 – 169.2773.3222% undervalued Earnings power value54.33 – 84.2466.2914% undervalued Dividend discount7.00 – 17.7110.03470% overvalued Wall St. consensus target—85.0033% below Cost of capital (WACC)—7.50%—

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Semi-Annual · as of Oct 16, 2026

Yield, trailing 12 months

1.00%

Past 2 years

low 0.81%high 1.47%

Dividends per share, a year at a time

Dividends / free cash flow, FY2026: 19.6%
Raised: 5 years in a row
Growth, 5 yrs: 3.9% a year
Last change: +3.6% · Sep 2026

Every payment, with ex-dates · latest $0.29, paid Sep 23, 2026

Research on FOX

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How it is valued

Valued asMature & Stable

Moderate growth (~11% recent)Moderate margins (10% net margin)Pays dividendsHighly cyclical earningsStrong FCF yield (5.8%)

What growth the price implies: the reverse DCF

Key figures

FY2026

P/E

14.9×

EV / EBITDA

9.2×

FCF yield

6.1%

Dividend yield, TTM

1.00%

Beta

0.65

Cost of capital (WACC)

7.50%

Full financials

Superinvestors

13F · Q2 2026

Dodge & CoxDodge & Cox$340.3M YacktmanYacktman Asset Management LP$264.6M DruckenmillerDuquesne Family Office LLC$29.6M

All 3 holders

Analyst actions

third-party, quoted

10-16Fox Advisors · target85.00

09-14Fox Advisors · target95.00

08-20Wolfe Research · target93.00

08-14JP Morgan · “Overweight” from “Neutral”upgrade

Ratings, targets and estimates

Recent

filings, insider trades and key news

10-148-K · 5.07Submission of Matters to a Shareholder Vote 10-068-K · 8.01Other Events 10-01Form 4 · MCAREY CHASE · 5,102 sh@ 0.00 10-01Form 4 · MCAREY CHASE · 5,102 sh 10-01Form 4 · MHERNANDEZ ROLAND A · 5,102 sh@ 0.00 10-01Form 4 · MHERNANDEZ ROLAND A · 5,102 sh

52 filings · 40 insider transactions

Comparable companies

by business, not by industry label

PSKYParamount Skydance CMCSAComcast DISWalt Disney WBDWarner Bros. Discovery NWSANews Corp (Class A)

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just FOX. No account.

About Fox (Class B)

Fox Corporation is a prominent media conglomerate primarily focused on news, sports, and entertainment operations within the United States. Its business is structured across three main divisions: Cable Network Programming; Television; and a segment encompassing Other, Corporate, and Eliminations. The Cable Network Programming division is responsible for creating and licensing news, business news, and sports content. This content is then disseminated across the U.S. through both traditional and virtual multi-channel video programming distributors (MVPDs), as well as various other digital platforms. This segment's extensive portfolio includes well-known national cable channels such as FOX News (for general news) and FOX Business (for financial news), multi-sport networks FS1 and FS2, FOX Sports Racing (dedicated to motorsports), FOX Soccer Plus (featuring live soccer and rugby), FOX Deportes (a Spanish-language sports service), and the Big Ten Network. Meanwhile, the Television segment focuses on acquiring, developing, marketing, and distributing diverse programming. It operates The FOX Network, a national broadcast television network renowned for its sports and entertainment programming. Other key assets in this division include Tubi, an advertising-supported video-on-demand (AVOD) service; Fox Alternative Entertainment, a full-service production studio specializing in unscripted and alternative content; MyNetworkTV, a programming distribution service; and Blockchain Creative Labs, which is dedicated to the creation, distribution, and monetization of Web3 content. Additionally, this segment holds ownership and operational control over 29 broadcast television stations. The Other, Corporate and Eliminations segment notably manages the FOX Studios Lot, situated in Los Angeles, California. This comprehensive facility offers a range of production and post-production services, comprising 15 sound stages, two broadcast studios, theaters, screening rooms, editing facilities, and numerous other amenities for television and film production. Fox Corporation was established in 2018 and is headquartered in New York, New York.

CEO: Lachlan Keith Murdoch
Headquarters: New York City, NY
Employees: 10,550
IPO: 2019-03-13

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.