NEWS CORPORATION (NWS)
Share Price Analysis and Chart

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NWS - NEWS CORPORATION

FNArena Sector : Print, Radio & TV
Year End: June
GICS Industry Group : Media
Debt/EBITDA: 2.75
Index: ASX200 | ASX300 | ALL-ORDS

News Corp is an American mass media and publishing organisation. Its Australian division, News Ltd, owns the majority of Australian newspapers and magazines and is a majority shareholder in REA Group and Foxtel. It has been listed in current form since 2013. Owns the Wall Street Journal and Dow Jones in the USA.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$40.54

18 Mar
2024

-0.540

OPEN

$40.52

-1.31%

HIGH

$40.54

110,012

LOW

$40.03

TARGET
$42.083 3.8% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
A1N . GTN . NEC . SKT . SWM . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
NWS: 1
Title FY24
Forecast
FY25
Forecast
EPS (cps) 112.6 xxx
DPS (cps) 30.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 36.1 xxx
Dividend Yield 0.7% xxx
Div Pay Ratio(%) 27.0% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 0.96%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

0.76

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 12/03 - ex-div 10.72c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx38.4
DPS All xxxxxxxxxxxxxxx30.5
Sales/Revenue xxxxxxxxxxxxxxx14,686.7 M
Book Value Per Share xxxxxxxxxxxxxxx6,309.2
Net Operating Cash Flow xxxxxxxxxxxxxxx1,623.4 M
Net Profit Margin xxxxxxxxxxxxxxx1.51 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx1.84 %
Return on Invested Capital xxxxxxxxxxxxxxx1.24 %
Return on Assets xxxxxxxxxxxxxxx0.88 %
Return on Equity xxxxxxxxxxxxxxx1.84 %
Return on Total Capital xxxxxxxxxxxxxxx5.49 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx622.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx209 M
Long Term Debt xxxxxxxxxxxxxxx6,111 M
Total Debt xxxxxxxxxxxxxxx6,320 M
Goodwill - Gross xxxxxxxxxxxxxxx7,722 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,754 M
Price To Book Value xxxxxxxxxxxxxxx0.47

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx741.8 M
Capex % of Sales xxxxxxxxxxxxxxx5.05 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,679 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,934 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx739 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.6

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Ord Minnett

09/02/2024

4

Lighten

$34.00

-16.13%

News Corp's December-half result appears to have outpaced Ord Minnett's forecasts, thanks to the seemingly unstoppable rise in Dow Jones' earnings in the December quarter. It was a similar story with book publishing.

Ord Minnett observes Dow Jones is on track to become the group's largest profit generator this financial year. Its high-margin professional information business continues to positively surprise.

News media and subscription video services continued to underwhelm.

REA Group represents about 65% of News' market value and excluding this, the company is looking 6x overvalued, opines the broker, especially given the recent tech rally is behind much of the recent strong rise in the share price.

Lighten rating retained. Target price rises 5% to $34.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 30.30 cents and EPS of 121.50 cents.
Ord Minnett forecasts a full year FY25 dividend of 30.30 cents and EPS of 151.50 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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NWS STOCK CHART