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

$32.73

02 Oct
2023

0.360

OPEN

$32.58

1.11%

HIGH

$32.73

31,427

LOW

$32.40

TARGET
$32.15 -1.8% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
GTN . NEC . PRT . SKT . SWM . SXL .
FNARENA'S MARKET CONSENSUS FORECASTS
NWS: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 119.0 xxx
DPS (cps) 30.1 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 27.5 xxx
Dividend Yield 0.9% xxx
Div Pay Ratio(%) 25.3% 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: 1.62%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.97

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: 12/09 - ex-div 10.6952c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx38.4
DPS All xxxxxxxxxxxxxxx25.6
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

0.3

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

-

xx.xx%

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Ord Minnett

14/08/2023

3

Hold

$32.30

-1.31%

Ord Minnett considers the fourth quarter normalised EBITDA increase of 2% from News Corp "quality", noting the result was achieved against an extra week in the prior period.

Benefits of cost reductions are observed, while the 25% jump in the earnings of Dow Jones was ahead of expectations.

The broker believes the results vindicate the rally in the stock price of more than 20% over the past three months and raises the target to $32.30 from $30.00. Hold maintained.

FORECAST
Ord Minnett forecasts a full year FY24 dividend of 45.57 cents and EPS of 182.73 cents.
Ord Minnett forecasts a full year FY25 dividend of 45.57 cents and EPS of 227.85 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

NWS STOCK CHART

FNArena News on NWS

1
Rudi’s Views: August 2023 – Winners & Losers

Sep 13 2023 - Rudi's View
2
Australian Broker Call *Extra* Edition – Sep 12, 2023

Sep 12 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 16, 2023

Aug 16 2023 - Daily Market Reports
4
Rudi’s View: August Results – Early Observations

Aug 16 2023 - Rudi's View
5
FNArena Corporate Results Monitor – 14-08-2023

Aug 14 2023 - Australia

Latest Print, Radio & TV News

1
Content Investment Key To Nine Entertainment

Aug 30 2021 - Australia
2
Heightened Interest In News Corp Buybacks

Aug 09 2021 - Australia
3
Nine Entertainment’s Digital Deal Welcomed

Jun 02 2021 - Australia
4
Radio Recovery Lights Up Southern Cross Media

Mar 04 2021 - Australia
5
The Short Report – 09 Jul 2020

Jul 09 2020 - Weekly Reports
6
Radio Advertising Market Pivotal For HT&E

Aug 16 2019 - Small Caps
7
Domain Is The Prize In Nine-Fairfax Merger

Jul 27 2018 - Australia
8
Domain The Main Game For Fairfax

Jul 04 2017 - Australia
9
The Short Report

Nov 24 2016 - Weekly Reports
10
The Short Report

Jul 21 2016 - Australia