Fox Corporation — Intrinsic Value & Fair Price

FOXA

NASDAQCommunication ServicesEntertainmentCIK 0001754301foxcorporation.comAbout FOXA

Last close · Oct 16, 202664.15+0.17 (+0.27%)

Market cap$27.1B

Model value · DCF · Perpetuity growth · 5y

100.37

Fox (Class A) closed at $64.15 — undervalued by 36% vs model.

60.63the model's range229.48

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

11.12 – 116.72

Wall St. target

71.00 10% 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 $64.15 · as of Oct 17, 2026

DCF · Perpetuity growth · 5yused60.63 – 229.48100.3736% undervalued DCF · Perpetuity growth · 10y63.80 – 228.02102.1037% undervalued DCF · EBITDA exit · 5y47.49 – 108.8475.5815% undervalued DCF · EBITDA exit · 10y54.01 – 119.4481.8522% undervalued P/E · peers79.42 – 138.04116.7245% undervalued P/E · own history60.00 – 75.7066.954% undervalued PEG—84.4224% undervalued EV/EBITDA · peers63.50 – 109.4669.498% undervalued EV/Revenue · peers37.28 – 169.2873.3213% undervalued Earnings power value54.58 – 84.8266.664% undervalued Dividend discount7.35 – 19.8911.12477% overvalued Wall St. consensus target—71.0010% below Cost of capital (WACC)—7.46%—

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

0.89%

Past 2 years

low 0.72%high 1.36%

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 FOXA

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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 (5.4%)

What growth the price implies: the reverse DCF

Key figures

FY2026

P/E

16.7×

EV / EBITDA

9.9×

FCF yield

5.3%

Dividend yield, TTM

0.89%

Beta

0.61

Cost of capital (WACC)

7.46%

Full financials

Superinvestors

13F · Q2 2026

Dodge & CoxDodge & Cox$585.4M DruckenmillerDuquesne Family Office LLC$115.0M YacktmanYacktman Asset Management LP$61.8M

All 3 holders

Analyst actions

third-party, quoted

10-16B of A Securities · “Buy” from “Underperform”upgrade

10-16Fox Advisors · target85.00

09-14Fox Advisors · target95.00

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

Ratings, targets and estimates

Recent

filings, insider trades and key news

No SEC filings or Form 4s on record.

0 filings · 0 insider transactions

Comparable companies

by business, not by industry label

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

3 more companies list FOXA as a comparable

NWSNews Corp (Class B)TKOTKO Group Holdings NFLXNetflix

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 FOXA. No account.

About Fox (Class A)

Fox Corporation (FOXA) is a prominent U.S.-based media entity, primarily engaged in the creation and distribution of news, sports, and entertainment content. Its operational framework is divided into three main segments: Cable Network Programming, Television, and a category for "Other, Corporate and Eliminations." The Cable Network Programming segment is dedicated to developing and licensing a broad spectrum of news, business news, and sports programming. This content is distributed predominantly within the U.S. via both traditional and digital multi-channel video providers (MVPDs), as well as various online platforms. This division includes well-known channels such as the national cable news outlet FOX News and the business news channel FOX Business. Sports enthusiasts are served by multi-sport networks like FS1 and FS2, niche offerings such as FOX Sports Racing (focused on motor sports), FOX Soccer Plus (for live soccer and rugby), and the Spanish-language FOX Deportes, alongside the Big Ten Network. Fox's Television division is responsible for acquiring, producing, marketing, and broadcasting various programs. Key components of this segment include the national FOX broadcast network, recognized for its sports and entertainment lineup; Tubi, an advertising-supported video-on-demand streaming service; Fox Alternative Entertainment, a production studio specializing in unscripted and alternative shows; MyNetworkTV, a programming syndication service; and Blockchain Creative Labs, which focuses on developing and monetizing Web3 content. This segment also holds ownership and operating rights for 29 local broadcast television stations. Lastly, the "Other, Corporate and Eliminations" segment primarily manages the FOX Studios Lot in Los Angeles, California. This extensive facility offers comprehensive production and post-production amenities, featuring 15 sound stages, two broadcast studios, various theaters, screening rooms, editing suites, and numerous other resources vital for television and film productions. The company was established in 2018 and maintains its corporate headquarters in New York, New York.

CEO: Lachlan Keith Murdoch
Headquarters: New York City, NY
Employees: 10,550
IPO: 2019-03-12

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.