News Corp - Ordinary Shares - Class A
NWSA
Market Cap$13.87B
Close$
Earnings Call Q3 2023
May 11, 2023 - AI Summary
News Corp reported a 2% decline in total revenues for the third quarter of fiscal year 2023, an improvement from the 7% decline in the previous quarter.
The company's cost-cutting program is gaining traction, with a headcount reduction expected to yield over $160 million in annualized savings by the end of the year.
Dow Jones saw robust revenue growth, particularly in its professional information business, which reported a 38% increase in revenues. Digital subscriptions also grew by 9% at The Wall Street Journal and 10% at Dow Jones as a whole.
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$12.02
50.8% downside
Current Fair Value
50.8% downsideOvervalued by 50.8% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $13.87 Billion |
|---|---|
| Enterprise Value | $15.19 Billion |
| Dividend Yield | $0.1996 (0.83%) |
| Earnings per Share | $0.4 |
| Beta | 1.0 |
| Outstanding Shares | 380,023,919 |
| Avg 30 Day Volume | 2,311,051 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 60.85 |
|---|---|
| PEG | 45.81 |
| Price to Sales | 0.94 |
| Price to Book Ratio | 1.16 |
| Enterprise Value to Revenue | 1.52 |
| Enterprise Value to EBIT | 22.02 |
| Enterprise Value to Net Income | 66 |
| Total Debt to Enterprise | 0.2 |
| Debt to Equity | 0.37 |
Revenue Sources
No data
ESG Score
No data
About News Corp
CEO: Robert Thomson