Fox Corporation (FOX)
SubavaliadaFundamental
76
Preço
$56.30
Capitalização de Mercado
$24.12B
Parte 1 · Quanto vale a empresa
Visão Geral
Fox Corporation owns a cluster of American television businesses built around live news and sports: Fox News, Fox Sports, the Fox broadcast network and regional and national cable channels. It makes money mainly by selling advertising around live programming and by charging cable, satellite and streaming distributors a per-subscriber fee to carry its channels. Unlike most media rivals it never built a general-entertainment streaming service, choosing instead to concentrate on content people still prefer to watch live.
Como gera receita
Two revenue streams do most of the work: advertising sold around news and sports broadcasts, and affiliate fees that distributors pay for the right to carry Fox channels, which are contractually renegotiated every few years. Live sports rights and news production are by far the largest costs, so profitability depends on renewing distribution deals at rates that keep pace with those costs even as the number of pay-TV households keeps shrinking every year.
Receita por segmento
The Fox broadcast network, local stations and Tubi streaming, carrying NFL football and other major live sports and entertainment.
Fox News, Fox Business and Fox Sports cable channels, earning both advertising and per-subscriber affiliate fees.
Residual corporate revenue not attributed to the two main operating segments, including shared administrative activity.
Vantagem competitiva
Marca · EstreitaFox News and Fox Sports have built loyal audiences that keep watching live rather than switching to on-demand alternatives, which gives Fox real leverage when it negotiates affiliate fees with distributors. That loyalty is valuable but not unlimited: news and sports rights can in principle be replicated by well-funded rivals, and cord-cutting steadily shrinks the base of pay-TV households paying those fees in the first place.
O que impulsiona a procura
CíclicoAdvertising revenue rises and falls with the broader economy and spikes in even years thanks to political advertising around elections, then fades back in odd years. Affiliate fee revenue is steadier because it is contractual, but it is on a slow structural decline as fewer households subscribe to traditional pay-TV bundles, so the two revenue streams partly offset each other's swings.
Principais riscos
- Murdoch family voting control — A dual-class share structure gives the Murdoch family and its trust control of shareholder votes well beyond their economic stake, limiting other shareholders' influence over major decisions.
- Cord-cutting — The number of households paying for traditional cable and satellite bundles keeps declining, which steadily shrinks the subscriber base that generates Fox's affiliate fee revenue.
- Rising sports rights costs — Live sports rights, a core draw for both channels, are renegotiated periodically at increasingly competitive prices, and losing a major rights package would weaken the audience that advertising and affiliate fees rely on.
- Advertising cyclicality — Advertising spending falls in economic downturns and swings between election and non-election years, adding volatility to a large share of Fox's revenue.
Os argumentos a favor
Buyers argue that Fox News and live sports remain the parts of television advertisers and distributors still pay a premium for, that the company converts a large share of revenue into free cash flow without the streaming losses many peers carry, and that affiliate fee renewals keep capturing more value per shrinking subscriber.
Os argumentos contra
Sellers worry that cord-cutting will eventually outrun the higher per-subscriber fees Fox negotiates, that sports rights costs keep climbing faster than the audience willing to pay for them, and that a governance structure concentrating control with one family reduces the pressure to change course if the pay-TV model keeps eroding.
Written by the editors, published on 18 de agosto de 2026
Direct competitors
Who this company fights with for the same customers
Generated on 18 de setembro de 2026 with claude-haiku-4-5 — shared with all users
Disney's ABC broadcast network, ABC-owned local stations and ESPN compete head-on with the FOX Network, FOX Television Stations and FOX Sports for the same U.S. viewers, the same sports rights and the same national and local advertising budgets.
CBS, CBS Sports and the free ad-supported service Pluto TV line up almost one-to-one against the FOX Network, FOX Sports and Tubi, competing for NFL and college-football packages and for the same advertisers.
Through NBC, its owned local stations, NBC Sports and Peacock, Comcast bids against Fox for the same live sports rights and sells advertising to the same national and local buyers.
CNN is FOX News Channel's direct rival for cable-news audiences, while TNT and TBS compete with FS1 for live sports and for the affiliate fees paid by pay-TV distributors.
Named by Fox itself among its sports-viewing rivals, Netflix now bids for live sports events and sells an ad-supported tier, taking viewing time and advertising dollars that would otherwise go to FOX and Tubi.
Balanço & Liquidez
Receita
$17.13B
Últimos 12 meses (até 30/06/2026)
Resultado Líquido
$1.73B
Últimos 12 meses (até 30/06/2026)
Fluxo de Caixa Livre
$1.47B
Capital Próprio Total
$11.63B
Passivo Total
$10.75B
Rácio de Liquidez
3.17
Cobertura de Juros
-
Dívida/EBITDA
1.95
Resultados Por Ação
Receita & Resultado Líquido
Fluxo de Caixa Livre
Decomposição dos Resultados
Demonstração histórica
Margens ao longo do tempo
A dívida ao longo do tempo
Quanto pesa a dívida
Grelha do crescimento
Crescimento — Receitas
Estimativa de Valor Justo
Valor Justo
$86.02
Preço Atual
$56.30
Margem de Segurança
+34.6%
Intervalo de Valor Justo
$55.91 - $116.13
Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.
Métodos de Estimativa
Métricas de Avaliação
Rácio P/E
14.66
ROE
14.9%
Rácio P/B
1.22
P/FCF
9.66
Margem Bruta
-
ROIC
-
Radar de Rentabilidade
Criação de Valor (Vantagem Competitiva)
ROIC
-
WACC
7.2%
ROIC − WACC
-
Critérios de Análise Fundamental
Aprovado (19)
- EPS shows upward trend
- EPS CAGR 6.33%
- Price CAGR 6.61%
- P/FCF 9.66
- P/B Ratio 1.22
- Debt/Equity ratio
- Positive Free Cash Flow
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- Price below Graham Number
- DCF valuation (Undervalued)
- ROE 14.7%
- Revenue Growth 5Y 5.8%
- Analyst Consensus 59% Buy
- Earnings Surprise avg 39.1%
- Earnings Quality (OCF/NI) 1.14
- Share Dilution -3.7%
- Piotroski F-Score 7/9
Reprovado (4)
- CapEx intensity
- Low reliance on intangibles
- PEG Ratio 12.51
- Net Margin Trend 10.1% vs 14.1%
Indisponível (5)
- ROIC NaN%
- Gross Margin NaN%
- Dividend Payout NaN%
- Operating Margin NaN%
- Interest Coverage
Piotroski F-Score
Saúde financeira sólida
Qualidade dos Resultados
Alta qualidade: resultados respaldados por caixa
Diluição de Ações
A recomprar ações. Favorável ao acionista
Participações institucionais
Governação
Equipa Executiva
| Nome | Cargo | Idade |
|---|---|---|
| Mr. Lachlan Keith Murdoch | Executive Chairman & CEO | 54 |
| Mr. John P. Nallen | President & COO | 68 |
| Mr. Steven Silvester Tomsic | Chief Financial Officer | 56 |
| Mr. Adam G. Ciongoli J.D. | Chief Legal & Policy Officer | 56 |
| Ms. Gabrielle Brown | Executive VP & Chief Investor Relations Officer | - |
| Mr. Nicholas Trutanich | Executive VP of Litigation, Chief Ethics & Compliance Officer | - |
| Mr. Brian Nick | Chief Communications Officer & Executive VP | - |
| Mr. Jeff Collins | President of Advertising Sales, Marketing & Brand Partnership | - |
| Mr. Kevin E. Lord | Executive VP & Chief Human Resources Officer | 62 |
| Mr. Jason Klarman | Chief Digital & Marketing Officer of FOX News Media | - |
Parte 2 · O preço e o momento de entrar
Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.
Documentos
- Ver documento
Relatório anual (10-K)
Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.
Arquivado em 2026-08-06
- Ver documento
Relatório trimestral (10-Q)
Uma atualização sobre o desempenho financeiro dos últimos três meses.
Arquivado em 2026-05-11
- Ver documento
Relatório de fato relevante (8-K)
Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.
Arquivado em 2026-09-09
via SEC EDGAR
Histórico de Resultados
via SEC EDGAR
Latest News
Recent headlines for FOX, sourced from Markets Gazette.