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: 2.43
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

$28.42

02 Jun
2023

-0.020

OPEN

$28.80

-0.07%

HIGH

$28.80

112,539

LOW

$28.42

TARGET
$29.333 3.2% upside
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 FY23
Forecast		 FY24
Forecast
EPS (cps) 70.0 xxx
DPS (cps) 29.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 40.6 xxx
Dividend Yield 1.0% xxx
Div Pay Ratio(%) 42.3% 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: 1.63%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.07

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: 14/03 - ex-div 10.0661c (franking 0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx145.7
DPS All xxxxxxxxxxxxxxx28.7
Sales/Revenue xxxxxxxxxxxxxxx14,320.4 M
Book Value Per Share xxxxxxxxxxxxxxx6,075.3
Net Operating Cash Flow xxxxxxxxxxxxxxx1,867.1 M
Net Profit Margin xxxxxxxxxxxxxxx6.00 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx7.50 %
Return on Invested Capital xxxxxxxxxxxxxxx5.23 %
Return on Assets xxxxxxxxxxxxxxx3.63 %
Return on Equity xxxxxxxxxxxxxxx7.50 %
Return on Total Capital xxxxxxxxxxxxxxx7.54 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx937.7 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx628 M
Long Term Debt xxxxxxxxxxxxxxx5,414 M
Total Debt xxxxxxxxxxxxxxx6,042 M
Goodwill - Gross xxxxxxxxxxxxxxx7,517 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,650 M
Price To Book Value xxxxxxxxxxxxxxx0.37

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx688.1 M
Capex % of Sales xxxxxxxxxxxxxxx4.81 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,014 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4,938 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx798 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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

23/02/2023

1

Buy

$34.00

19.63%

News Corp missed estimates in its first half result. On further analysis UBS notes, while FX was a significant drag during the second quarter, earnings were affected by higher interest rates and inflation across all businesses.

News Corp has confirmed it is no longer in discussions with CoStar to sell Move and this follows the recent withdrawal of a proposal to explore a recombination with FOX.

These two prospects had potential to crystallise value that is not recognised by the market, yet UBS believes the fundamental value of the underlying businesses has not changed.

Buy rating maintained. Target is reduced to $32.70 from $34.00.

FORECAST
UBS forecasts a full year FY23 dividend of 29.64 cents and EPS of 68.17 cents.
UBS forecasts a full year FY24 dividend of 29.64 cents and EPS of 118.55 cents.

Morgan Stanley

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Access Stockbroker Research History >

NWS STOCK CHART

FNArena News on NWS

1
FNArena Corporate Results Monitor – 19-05-2023

May 19 2023 - Australia
2
Rudi’s View: US Recession Debate Is Tightening

May 17 2023 - Rudi's View
3
Next Week At A Glance – 1-5 May 2023

Apr 28 2023 - Weekly Reports
4
Weekly Ratings, Targets, Forecast Changes – 07-04-23

Apr 11 2023 - Weekly Reports
5
Top Picks In The Technology, Media and Telecom Sector

Mar 27 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