FOXA
Fox Corporation
$63.98
Platform & Compounding FCF
75%
Two-stage FCF DCF
Moderate
·
Conviction
Fair Value
Trading 21.6% below fair value
You pay
$63.98
Bear
$76.63
Fair
$81.56
Bull
$89.05
Bear
$76.63
+19.8%
3% stage 1 growth, 11% discount
Fair
$81.56
+27.5%
4% stage 1 growth, 11% discount
Bull
$89.05
+39.2%
5% stage 1 growth, 11% discount
Key Value Driver
FCF growth rate (4% base case)
Terminal Value % of EV
33%
Implied Market Multiple
10.4x
Summary
Our base-case estimate uses a two-stage discounted cash flow model based on free cash flow. We then blend that result with the average analyst price target of $73.00 from 48 analysts, using a 30% weight on analyst consensus. That produces an estimated intrinsic value of $81.56 per share.
Key Risks
- P/E alone misleads — earnings depressed by growth investment
- Cyclical or commodity businesses may be misclassified as platforms
- Terminal value dominance suggests sensitivity to long-run assumptions