Fox Corporation (FOX) Stock

About Fox Corporation

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.

Fox Corporation is led by CEO Lachlan Keith Murdoch, employs 10,200 people, headquartered in New York City, US, publicly traded since 2019.

Fox Corporation (FOX) stock trades at $51.94 with a market capitalization of $22.78B. The stock is valued at a price-to-earnings (P/E) ratio of 11.53, price-to-book of 2.11, price-to-sales of 1.60. Over the past 52 weeks the stock has ranged between $44.20 and $68.17, and currently trades 23.8% below its 52-week high. It pays a dividend yielding 0.95%.

On profitability, Fox Corporation generates a return on equity (ROE) of 18.92%, above the typical market average, return on capital employed of 26.14%, an operating margin of 19.81%, a net profit margin of 10.56%.

In its most recent fiscal year, Fox Corporation reported annual revenue of $16.3B, net profit of $2.3B, revenue has compounded at 5.8% a year over the last five years, profit at 17.8% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.60, a current ratio of 2.91, total assets of $23.2B, $5.4B in cash and equivalents.

FOX has an average daily trading volume of 1,742,480 shares, a beta of 0.52 (less volatile than the overall market).

Official website: www.foxcorporation.com