Intrinsic value of Twenty-First Century Fox, Inc. - FOX

Previous Close

$36.45

  Intrinsic Value

$42.42

stock screener

  Rating & Target

hold

+16%

Previous close

$36.45

 
Intrinsic value

$42.42

 
Up/down potential

+16%

 
Rating

hold

We calculate the intrinsic value of FOX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 67.7

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.33
  5.30
  5.27
  5.24
  5.22
  5.20
  5.18
  5.16
  5.14
  5.13
  5.12
  5.11
  5.09
  5.09
  5.08
  5.07
  5.06
  5.06
  5.05
  5.05
  5.04
  5.04
  5.03
Revenue, $m
  32,133
  33,942
  35,831
  37,806
  39,870
  42,028
  44,286
  46,648
  49,121
  51,711
  54,422
  57,263
  60,239
  63,359
  66,628
  70,055
  73,649
  77,417
  81,370
  85,515
  89,864
  94,426
  99,212
  104,234
  109,504
  115,034
  120,838
  126,929
  133,322
  140,032
Variable operating expenses, $m
  24,988
  26,289
  27,647
  29,067
  30,551
  32,102
  33,725
  35,424
  37,202
  39,063
  39,126
  41,168
  43,308
  45,550
  47,901
  50,365
  52,949
  55,658
  58,499
  61,479
  64,606
  67,885
  71,327
  74,937
  78,726
  82,702
  86,874
  91,253
  95,849
  100,673
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  24,988
  26,289
  27,647
  29,067
  30,551
  32,102
  33,725
  35,424
  37,202
  39,063
  39,126
  41,168
  43,308
  45,550
  47,901
  50,365
  52,949
  55,658
  58,499
  61,479
  64,606
  67,885
  71,327
  74,937
  78,726
  82,702
  86,874
  91,253
  95,849
  100,673
Operating income, $m
  7,145
  7,653
  8,184
  8,739
  9,319
  9,926
  10,560
  11,225
  11,920
  12,647
  15,296
  16,095
  16,931
  17,808
  18,727
  19,690
  20,700
  21,760
  22,870
  24,036
  25,258
  26,540
  27,885
  29,297
  30,778
  32,333
  33,964
  35,676
  37,473
  39,359
EBITDA, $m
  9,434
  9,965
  10,520
  11,100
  11,706
  12,340
  13,002
  13,696
  14,422
  15,182
  15,979
  16,813
  17,686
  18,602
  19,562
  20,568
  21,624
  22,730
  23,890
  25,107
  26,384
  27,724
  29,129
  30,603
  32,151
  33,774
  35,478
  37,267
  39,144
  41,114
Interest expense (income), $m
  0
  1,230
  1,354
  1,481
  1,614
  1,752
  1,897
  2,049
  2,207
  2,373
  2,547
  2,728
  2,919
  3,118
  3,327
  3,546
  3,775
  4,016
  4,268
  4,533
  4,810
  5,101
  5,406
  5,727
  6,063
  6,415
  6,785
  7,173
  7,581
  8,008
  8,457
Earnings before tax, $m
  5,915
  6,299
  6,703
  7,126
  7,567
  8,029
  8,512
  9,017
  9,547
  10,101
  12,568
  13,176
  13,813
  14,481
  15,181
  15,915
  16,684
  17,491
  18,338
  19,225
  20,157
  21,134
  22,159
  23,234
  24,363
  25,547
  26,790
  28,095
  29,464
  30,902
Tax expense, $m
  1,597
  1,701
  1,810
  1,924
  2,043
  2,168
  2,298
  2,435
  2,578
  2,727
  3,393
  3,558
  3,730
  3,910
  4,099
  4,297
  4,505
  4,723
  4,951
  5,191
  5,442
  5,706
  5,983
  6,273
  6,578
  6,898
  7,233
  7,586
  7,955
  8,343
Net income, $m
  4,318
  4,598
  4,893
  5,202
  5,524
  5,861
  6,214
  6,583
  6,969
  7,374
  9,175
  9,619
  10,084
  10,571
  11,082
  11,618
  12,180
  12,769
  13,387
  14,035
  14,714
  15,428
  16,176
  16,961
  17,785
  18,650
  19,557
  20,509
  21,509
  22,558

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  56,472
  59,652
  62,973
  66,443
  70,070
  73,863
  77,831
  81,983
  86,329
  90,880
  95,646
  100,638
  105,869
  111,351
  117,097
  123,120
  129,436
  136,059
  143,005
  150,290
  157,933
  165,950
  174,362
  183,188
  192,450
  202,169
  212,369
  223,074
  234,309
  246,102
Adjusted assets (=assets-cash), $m
  56,472
  59,652
  62,973
  66,443
  70,070
  73,863
  77,831
  81,983
  86,329
  90,880
  95,646
  100,638
  105,869
  111,351
  117,097
  123,120
  129,436
  136,059
  143,005
  150,290
  157,933
  165,950
  174,362
  183,188
  192,450
  202,169
  212,369
  223,074
  234,309
  246,102
Revenue / Adjusted assets
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
Average production assets, $m
  12,082
  12,762
  13,473
  14,215
  14,991
  15,803
  16,651
  17,540
  18,470
  19,443
  20,463
  21,531
  22,650
  23,823
  25,052
  26,341
  27,692
  29,109
  30,595
  32,154
  33,789
  35,504
  37,304
  39,192
  41,174
  43,253
  45,435
  47,725
  50,129
  52,652
Working capital, $m
  4,788
  5,057
  5,339
  5,633
  5,941
  6,262
  6,599
  6,951
  7,319
  7,705
  8,109
  8,532
  8,976
  9,440
  9,928
  10,438
  10,974
  11,535
  12,124
  12,742
  13,390
  14,069
  14,783
  15,531
  16,316
  17,140
  18,005
  18,912
  19,865
  20,865
Total debt, $m
  21,492
  23,507
  25,613
  27,813
  30,112
  32,517
  35,033
  37,665
  40,421
  43,306
  46,327
  49,493
  52,809
  56,284
  59,927
  63,746
  67,750
  71,949
  76,353
  80,972
  85,817
  90,900
  96,234
  101,829
  107,701
  113,863
  120,330
  127,117
  134,240
  141,717
Total liabilities, $m
  35,804
  37,819
  39,925
  42,125
  44,424
  46,829
  49,345
  51,977
  54,733
  57,618
  60,639
  63,805
  67,121
  70,596
  74,239
  78,058
  82,062
  86,261
  90,665
  95,284
  100,129
  105,212
  110,546
  116,141
  122,013
  128,175
  134,642
  141,429
  148,552
  156,029
Total equity, $m
  20,669
  21,833
  23,048
  24,318
  25,646
  27,034
  28,486
  30,006
  31,597
  33,262
  35,006
  36,834
  38,748
  40,754
  42,857
  45,062
  47,374
  49,798
  52,340
  55,006
  57,803
  60,738
  63,816
  67,047
  70,437
  73,994
  77,727
  81,645
  85,757
  90,073
Total liabilities and equity, $m
  56,473
  59,652
  62,973
  66,443
  70,070
  73,863
  77,831
  81,983
  86,330
  90,880
  95,645
  100,639
  105,869
  111,350
  117,096
  123,120
  129,436
  136,059
  143,005
  150,290
  157,932
  165,950
  174,362
  183,188
  192,450
  202,169
  212,369
  223,074
  234,309
  246,102
Debt-to-equity ratio
  1.040
  1.080
  1.110
  1.140
  1.170
  1.200
  1.230
  1.260
  1.280
  1.300
  1.320
  1.340
  1.360
  1.380
  1.400
  1.410
  1.430
  1.440
  1.460
  1.470
  1.480
  1.500
  1.510
  1.520
  1.530
  1.540
  1.550
  1.560
  1.570
  1.570
Adjusted equity ratio
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366
  0.366

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  4,318
  4,598
  4,893
  5,202
  5,524
  5,861
  6,214
  6,583
  6,969
  7,374
  9,175
  9,619
  10,084
  10,571
  11,082
  11,618
  12,180
  12,769
  13,387
  14,035
  14,714
  15,428
  16,176
  16,961
  17,785
  18,650
  19,557
  20,509
  21,509
  22,558
Depreciation, amort., depletion, $m
  2,290
  2,312
  2,336
  2,361
  2,387
  2,414
  2,442
  2,472
  2,503
  2,535
  682
  718
  755
  794
  835
  878
  923
  970
  1,020
  1,072
  1,126
  1,183
  1,243
  1,306
  1,372
  1,442
  1,515
  1,591
  1,671
  1,755
Funds from operations, $m
  6,607
  6,911
  7,229
  7,562
  7,911
  8,275
  8,656
  9,054
  9,472
  9,909
  9,857
  10,336
  10,839
  11,365
  11,917
  12,496
  13,103
  13,739
  14,406
  15,106
  15,841
  16,611
  17,419
  18,267
  19,157
  20,091
  21,072
  22,100
  23,180
  24,313
Change in working capital, $m
  258
  270
  282
  294
  308
  322
  336
  352
  368
  386
  404
  423
  443
  465
  487
  511
  535
  561
  589
  618
  648
  680
  713
  748
  785
  824
  865
  908
  953
  1,000
Cash from operations, $m
  6,349
  6,641
  6,948
  7,268
  7,603
  7,953
  8,319
  8,702
  9,103
  9,523
  9,453
  9,913
  10,395
  10,901
  11,430
  11,985
  12,567
  13,178
  13,817
  14,489
  15,193
  15,931
  16,706
  17,519
  18,372
  19,267
  20,207
  21,193
  22,227
  23,313
Maintenance CAPEX, $m
  -381
  -403
  -425
  -449
  -474
  -500
  -527
  -555
  -585
  -616
  -648
  -682
  -718
  -755
  -794
  -835
  -878
  -923
  -970
  -1,020
  -1,072
  -1,126
  -1,183
  -1,243
  -1,306
  -1,372
  -1,442
  -1,515
  -1,591
  -1,671
New CAPEX, $m
  -655
  -680
  -710
  -742
  -776
  -812
  -849
  -888
  -930
  -974
  -1,020
  -1,068
  -1,119
  -1,173
  -1,229
  -1,289
  -1,351
  -1,417
  -1,486
  -1,559
  -1,635
  -1,715
  -1,800
  -1,888
  -1,981
  -2,079
  -2,182
  -2,290
  -2,404
  -2,523
Cash from investing activities, $m
  -1,036
  -1,083
  -1,135
  -1,191
  -1,250
  -1,312
  -1,376
  -1,443
  -1,515
  -1,590
  -1,668
  -1,750
  -1,837
  -1,928
  -2,023
  -2,124
  -2,229
  -2,340
  -2,456
  -2,579
  -2,707
  -2,841
  -2,983
  -3,131
  -3,287
  -3,451
  -3,624
  -3,805
  -3,995
  -4,194
Free cash flow, $m
  5,314
  5,558
  5,812
  6,077
  6,353
  6,642
  6,944
  7,259
  7,589
  7,934
  7,785
  8,163
  8,558
  8,973
  9,407
  9,861
  10,338
  10,838
  11,361
  11,910
  12,486
  13,090
  13,723
  14,387
  15,084
  15,816
  16,583
  17,388
  18,233
  19,119
Issuance/(repayment) of debt, $m
  1,969
  2,016
  2,105
  2,200
  2,300
  2,405
  2,516
  2,632
  2,755
  2,885
  3,022
  3,165
  3,316
  3,475
  3,643
  3,819
  4,004
  4,199
  4,404
  4,619
  4,845
  5,083
  5,333
  5,596
  5,872
  6,162
  6,467
  6,787
  7,123
  7,477
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,969
  2,016
  2,105
  2,200
  2,300
  2,405
  2,516
  2,632
  2,755
  2,885
  3,022
  3,165
  3,316
  3,475
  3,643
  3,819
  4,004
  4,199
  4,404
  4,619
  4,845
  5,083
  5,333
  5,596
  5,872
  6,162
  6,467
  6,787
  7,123
  7,477
Total cash flow (excl. dividends), $m
  7,282
  7,574
  7,917
  8,277
  8,653
  9,047
  9,459
  9,891
  10,344
  10,819
  10,807
  11,328
  11,875
  12,448
  13,050
  13,680
  14,342
  15,036
  15,765
  16,529
  17,331
  18,173
  19,056
  19,983
  20,956
  21,978
  23,050
  24,175
  25,356
  26,596
Retained Cash Flow (-), $m
  -1,105
  -1,164
  -1,215
  -1,270
  -1,328
  -1,388
  -1,452
  -1,520
  -1,591
  -1,666
  -1,744
  -1,827
  -1,914
  -2,006
  -2,103
  -2,205
  -2,312
  -2,424
  -2,542
  -2,666
  -2,797
  -2,934
  -3,079
  -3,230
  -3,390
  -3,557
  -3,733
  -3,918
  -4,112
  -4,316
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  6,177
  6,410
  6,702
  7,007
  7,325
  7,658
  8,007
  8,372
  8,753
  9,153
  9,062
  9,501
  9,960
  10,442
  10,947
  11,476
  12,031
  12,612
  13,223
  13,863
  14,534
  15,238
  15,977
  16,753
  17,566
  18,420
  19,316
  20,257
  21,244
  22,280
Discount rate, %
  5.30
  5.57
  5.84
  6.14
  6.44
  6.76
  7.10
  7.46
  7.83
  8.22
  8.63
  9.06
  9.52
  9.99
  10.49
  11.02
  11.57
  12.15
  12.76
  13.39
  14.06
  14.77
  15.50
  16.28
  17.09
  17.95
  18.85
  19.79
  20.78
  21.82
PV of cash for distribution, $m
  5,866
  5,752
  5,652
  5,522
  5,361
  5,171
  4,953
  4,709
  4,441
  4,153
  3,645
  3,354
  3,055
  2,752
  2,450
  2,155
  1,871
  1,602
  1,351
  1,122
  917
  736
  580
  449
  340
  252
  183
  129
  89
  60
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Twenty-First Century Fox, Inc. is a media and entertainment company. The Company's segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution. The Television segment is engaged in the operation of broadcast television stations and the broadcasting of network programming in the United States. The Filmed Entertainment segment is engaged in the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media, and the production and licensing of television programming around the world. The Other, Corporate and Eliminations segment consists primarily of corporate overhead and eliminations, and other businesses.

FINANCIAL RATIOS  of  Twenty-First Century Fox, Inc. (FOX)

Valuation Ratios
P/E Ratio 22.9
Price to Sales 2.4
Price to Book 4.3
Price to Tangible Book
Price to Cash Flow 18
Price to Free Cash Flow 20
Growth Rates
Sales Growth Rate 4.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 43.3%
Cap. Spend. - 3 Yr. Gr. Rate -11.1%
Financial Strength
Quick Ratio 13
Current Ratio 0.1
LT Debt to Equity 123.8%
Total Debt to Equity 126.7%
Interest Coverage 0
Management Effectiveness
Return On Assets 6%
Ret/ On Assets - 3 Yr. Avg. 9.8%
Return On Total Capital 8.6%
Ret/ On T. Cap. - 3 Yr. Avg. 13.1%
Return On Equity 20.1%
Return On Equity - 3 Yr. Avg. 28.6%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 37.6%
Gross Margin - 3 Yr. Avg. 37%
EBITDA Margin 18.4%
EBITDA Margin - 3 Yr. Avg. 25.4%
Operating Margin 16.5%
Oper. Margin - 3 Yr. Avg. 21.9%
Pre-Tax Margin 16.5%
Pre-Tax Margin - 3 Yr. Avg. 21.9%
Net Profit Margin 10.4%
Net Profit Margin - 3 Yr. Avg. 16.4%
Effective Tax Rate 30.3%
Eff/ Tax Rate - 3 Yr. Avg. 23.4%
Payout Ratio 31.9%

FOX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the FOX stock intrinsic value calculation we used $30400 million for the last fiscal year's total revenue generated by Twenty-First Century Fox, Inc.. The default revenue input number comes from 0001 income statement of Twenty-First Century Fox, Inc.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our FOX stock valuation model: a) initial revenue growth rate of 5.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.3%, whose default value for FOX is calculated based on our internal credit rating of Twenty-First Century Fox, Inc., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Twenty-First Century Fox, Inc..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of FOX stock the variable cost ratio is equal to 78.1%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for FOX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 6.3% for Twenty-First Century Fox, Inc..

Corporate tax rate of 27% is the nominal tax rate for Twenty-First Century Fox, Inc.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the FOX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for FOX are equal to 37.6%.

Life of production assets of 35.9 years is the average useful life of capital assets used in Twenty-First Century Fox, Inc. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for FOX is equal to 14.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $19564 million for Twenty-First Century Fox, Inc. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 1856.922 million for Twenty-First Century Fox, Inc. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Twenty-First Century Fox, Inc. at the current share price and the inputted number of shares is $67.7 billion.

RELATED COMPANIES Price Int.Val. Rating
CMCSA Comcast Corpor 44.06 141.78  str.buy
VIAB Viacom Inc. 30.49 74.03  str.buy
CBS CBS Corporatio 50.70 55.79  hold
DISCA Discovery, Inc 31.46 578.44  str.buy
NFLX Netflix, Inc. 315.10 241.58  sell
AMCX AMC Networks I 54.30 136.58  str.buy

CONTACT US      

About X-FIN       Privacy policy       Terms of use      

Copyright © X-FIN.com 2005-2019. All rigths reserved.