Upside case
Bull case
$210+238.0%
FOXA would need investors to value it at roughly 45x earnings — about 32x more generous than today's 13x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewHoldUpdated May 1, 2026
Fox Corporation (FOXA) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Hold
Covering
48
analysts
23 bullish · 0 bearish · 48 covering FOXA
Strong Buy
0
Buy
23
Hold
25
Sell
0
Strong Sell
0
Consensus Target
$70
+12.8% vs today
Scenario Range
$102 – $210
Model bear to bull value window
Coverage
48
Published analyst ratings
Valuation Context
13.4x
Forward P/E · Market cap $13.9B
FOXA price targets
Three scenarios for where FOXA stock could go
Current
~$62
Confidence
59 / 100
Updated
May 1, 2026
Where we are now
Current · $62
Bear
$102
Base
$124
Bull
$210
Market caseClosest to today
Base case
$124+100.0%
At 27x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$102+63.9%
The bear case assumes sentiment or fundamentals disappoint enough to push FOXA down roughly 64% from the current price.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Fox Corporation
FOXA · NASDAQCommunication ServicesEntertainmentJune year-end
Fox Corporation is a major U.S. media company focused on news, sports, and entertainment content. It generates revenue primarily through advertising sales across its broadcast and cable networks (~60%) and affiliate fees from cable/satellite providers (~40%). The company's competitive advantage lies in its powerful news and sports brands—particularly Fox News and its NFL rights—which command loyal audiences and pricing power in a fragmented media landscape.
Market Cap
$13.9B
Revenue TTM
$16.6B
Net Income TTM
$1.9B
Net Margin
11.4%
FOXA Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
100%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+45.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$1.10/$0.93
Revenue
$4.4B/$4.2B
Q3 2025
EPS
$1.27/$1.01
Revenue
$3.3B/$3.6B
Q4 2025
EPS
$1.51/$1.10
Revenue
$3.7B/$3.6B
Q1 2026
EPS
$0.82/$0.47
Revenue
$5.2B/$5.1B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $1.10/$0.93 | +18.3% | $4.4B/$4.2B | +4.8% |
| Q3 2025 | $1.27/$1.01 | +25.7% | $3.3B/$3.6B | -7.8% |
| Q4 2025 | $1.51/$1.10 | +37.3% | $3.7B/$3.6B | +4.7% |
| Q1 2026 | $0.82/$0.47 | +74.5% | $5.2B/$5.1B | +2.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$17.7B
+6.8% YoY
FY2
$19.5B
+10.3% YoY
EPS Outlook
FY1
$8.13
+89.6% YoY
FY2
$9.82
+20.8% YoY
Trailing FCF (TTM)$2.5B
FCF Margin: 15.3%
Next Earnings
May 11, 2026
Expected EPS
$0.98
Expected Revenue
$3.8B
FOXA beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
FOXA Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $16.3B
Product Mix
Latest annual revenue by segment or product family
Television Segment
57.4%
+18.4% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Segment breakdown not available for this company.
Television Segment is the largest disclosed segment at 57.4% of FY 2025 revenue, up 18.4% YoY.
FOXA Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Significantly Undervalued
Fair value est. $100 — implies +58.3% from today's price.
Upside to Fair Value
58.3%
potential upside
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
FOXA
12.7x
vs
S&P 500
25.1x
50% discount
vs Communication Services Trailing P/E
FOXA
12.7x
vs
Communication Services
15.0x
15% discount
vs FOXA 5Y Avg P/E
Today
12.7x
vs
5Y Average
12.5x
In line with benchmark
Forward PE
13.4x
S&P 500
19.1x
-30%
Communication Services
13.0x
+3%
5Y Avg
—
—
Trailing PE
12.7x
S&P 500
25.1x
-50%
Communication Services
15.0x
-15%
5Y Avg
12.5x
+1%
PEG Ratio
0.51x
S&P 500
1.72x
-70%
Communication Services
0.74x
-31%
5Y Avg
—
—
EV/EBITDA
4.4x
S&P 500
15.2x
-71%
Communication Services
8.4x
-47%
5Y Avg
7.4x
-40%
Price/FCF
4.7x
S&P 500
21.1x
-78%
Communication Services
11.8x
-60%
5Y Avg
10.8x
-57%
Price/Sales
0.9x
S&P 500
3.1x
-73%
Communication Services
1.0x
-12%
5Y Avg
1.4x
-39%
Dividend Yield
0.97%
S&P 500
1.87%
-48%
Communication Services
3.45%
-72%
5Y Avg
1.52%
-36%
| Metric | FOXA | S&P 500 | Communication Services | 5Y Avg FOXA |
|---|---|---|---|---|
| Forward PE | 13.4x | 19.1x-30% | 13.0x | — |
| Trailing PE | 12.7x | 25.1x-50% | 15.0x-15% | 12.5x |
| PEG Ratio | 0.51x | 1.72x-70% | 0.74x-31% | — |
| EV/EBITDA | 4.4x | 15.2x-71% | 8.4x-47% | 7.4x-40% |
| Price/FCF | 4.7x | 21.1x-78% | 11.8x-60% | 10.8x-57% |
| Price/Sales | 0.9x | 3.1x-73% | 1.0x-12% | 1.4x-39% |
| Dividend Yield | 0.97% | 1.87% | 3.45% | 1.52% |
FOXA trades above S&P 500 benchmarks on 0 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolFOXA Financial Health
Verdict
Exceptional
FOXA generates $2.5B in free cash flow at a 15.3% margin — 16.5% ROIC signals a durable competitive advantage · returns 8.1% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$16.6B
Revenue Growth
TTM vs prior year
+9.2%
Gross Margin
Gross profit as a share of revenue
33.1%
Operating Margin
Operating income divided by revenue
19.0%
Net Margin
Net income divided by revenue
11.4%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$4.29
Free Cash Flow (TTM)
Cash generation after capex
$2.5B
FCF Margin
FCF as share of revenue — the primary cash quality signal
15.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
16.5%
ROA
Return on assets, trailing twelve months
8.8%
Cash & Equivalents
Liquid assets on the balance sheet
$5.4B
Net Debt
Total debt minus cash
$2.1B
Debt Serviceability
Net debt as a multiple of annual free cash flow
0.8× FCF
~0.8 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
17.0%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
8.1%
Dividend
1.0%
Buyback
7.2%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$1.0B
Dividend / Share
Annualized trailing dividend per share
$0.60
Payout Ratio
Share of earnings distributed as dividends
12.2%
Shares Outstanding
Declining as buybacks retire shares
224M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageFOXA Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 29, 2026
High Risk
Legal and Regulatory
Fox Corporation faces significant legal and regulatory risks, accounting for 27% of its identified risks. The company is subject to numerous lawsuits and must comply with various government regulations, which can lead to substantial expenses and negatively impact its business operations.
High Risk
Reliance on Advertising Revenue
A substantial portion of Fox's income is derived from advertising, making it vulnerable to economic downturns and shifts in media spending. Economic slowdowns or reduced corporate marketing budgets can directly affect Fox's financial performance.
High Risk
Declining Linear TV Subscriptions
The ongoing trend of cord-cutting is eroding affiliate fees and advertising revenue from Fox's linear TV networks. This shift directly impacts the company's traditional revenue streams, posing a significant risk to its financial stability.
Medium
Market Competition
Fox operates in a highly competitive media and entertainment sector, facing pressure from established giants and emerging digital players. This intense competition affects its ability to capture audience attention and secure premium content, which is crucial for generating advertising revenue.
Medium
Streaming Market Dynamics
The video streaming sector is evolving, with indications of a slight contraction in overall usage and a decrease in the average number of paid services per household. This trend suggests growing consumer price sensitivity and potential demand challenges for streaming services.
Medium
Cybersecurity
With an extensive digital presence, Fox is a target for cyberattacks, necessitating continuous investment in advanced cybersecurity measures. The handling of sensitive user data increases the risk of breaches, which could severely impact operational integrity.
Lower
Content Rights and Negotiations
Fox's partnerships with major sports leagues, such as the NFL, are crucial for revenue generation. However, contract renegotiations could lead to less favorable terms or the risk of leagues partnering with competitors, potentially impacting revenue.
Lower
Dependence on Key Personalities
The company's reliance on prominent personalities can negatively affect revenues if these individuals depart. Recent events, such as the firing of Tucker Carlson, highlight the risks associated with this dependence.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why FOXA Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 29, 2026
Strong Cable Network Performance
The cable segment, particularly Fox News, is a robust and cash-generative asset. Despite broader media industry trends, Fox News continues to gain market share and attract advertisers, with potential for further rate increases.
Undervalued Digital Platform (Tubi)
Tubi, Fox's free, ad-supported streaming service, has shown notable growth in viewership and engagement, becoming profitable ahead of expectations. Analysts believe Tubi is not receiving fair valuation for its digital potential, especially with its 'cordless' audience benefiting from political advertising.
Sum-of-the-Parts Valuation
A detailed analysis suggests that valuing Fox's assets individually could reveal a significantly higher equity value than its current market price. One analysis estimates an equity value of around $76.2 per share, implying about 30% upside from a recent share price of $58.6.
Financial Strength and Shareholder Returns
The company maintains a strong balance sheet and cash flow generation, supporting disciplined capital allocation and continued shareholder returns through buybacks. This financial strength positions Fox well for future growth.
Advertising Market Health
The advertising market has shown consistent growth, particularly in sectors like finance, pharma, and tech. A robust political advertising cycle is anticipated for the upcoming midterms, expected to benefit local stations and Tubi.
Potential for Re-rating
The stock may be undervalued as the market views Fox as a single, mixed media company, rather than recognizing the distinct value of its stronger components. This misperception presents an opportunity for re-rating as the market adjusts.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
FOXA Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$62.23
52W Range Position
49%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$48.89
+27.3% from the low
52-Week High
$76.39
-18.5% from the high
1 Month
+4.94%
3 Month
-5.60%
YTD
-15.6%
1 Year
+26.3%
3Y CAGR
+24.9%
5Y CAGR
+11.4%
10Y CAGR
+2.0%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
FOXA vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
13.4x
vs 11.8x median
+13% above peer median
Revenue Growth
+6.8%
vs -0.8% median
+949% above peer median
Net Margin
11.4%
vs 12.2% median
-6% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
FOX FOXA Fox Corporation | $13.9B | 13.4x | +6.8% | 11.4% | Hold | +12.8% |
WBD WBD Warner Bros. Discovery, Inc. | $73.8B | — | +10.7% | 1.3% | Hold | +9.9% |
DIS DIS The Walt Disney Company | $180.0B | 15.3x | +4.5% | 12.8% | Buy | +38.8% |
CMC CMCSA Comcast Corporation | $96.4B | 7.5x | -1.0% | 14.8% | Buy | +20.4% |
NWS NWSA News Corporation | $14.5B | 24.2x | -1.0% | 12.2% | Buy | +27.4% |
SIR SIRI Sirius XM Holdings Inc. | $8.9B | 8.4x | -0.8% | 9.9% | Buy | +1.3% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
FOXA Dividend and Capital Return
FOXA returns capital mainly through $1.0B/year in buybacks (7.2% buyback yield), with a modest 0.97% dividend — combining for 8.1% total shareholder yield. The dividend has grown for 5 consecutive years.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
8.1%
Dividend + buyback return per year
Buyback Yield
7.2%
Dividend Yield
0.97%
Payout Ratio
12.2%
How FOXA Splits Its Return
Buyback 7.2%
Dividend 0.97%Buybacks 7.2%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$0.60
Growth Streak
Consecutive years of dividend increases
5Y
3Y Div CAGR
3.9%
5Y Div CAGR
3.6%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
2 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$1.0B
Estimated Shares Retired
16M
Approx. Share Reduction
7.2%
Shares Outstanding
Current diluted share count from the screening snapshot
224M
At 7.2%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.28 | — | — | — |
| 2025 | $0.55 | +3.8% | 3.9% | 4.9% |
| 2024 | $0.53 | +3.9% | 6.1% | 7.8% |
| 2023 | $0.51 | +4.1% | 11.1% | 12.7% |
| 2022 | $0.49 | +4.3% | 5.5% | 7.1% |
FAQ
7 questionsFOXA Investor Questions
Common questions answered from live analyst data and company financials.
01Is Fox Corporation (FOXA) stock a buy or sell in 2026?
Fox Corporation (FOXA) is rated Hold by Wall Street analysts as of 2026. Of 48 analysts covering the stock, 23 rate it Buy or Strong Buy, 25 rate it Hold, and 0 rate it Sell or Strong Sell. The consensus 12-month price target is $70, implying +12.8% from the current price of $62. The bear case scenario is $102 and the bull case is $210.
02What is the FOXA stock price target for 2026?
The Wall Street consensus price target for FOXA is $70 based on 48 analyst estimates. The high-end target is $80 (+28.6% from today), and the low-end target is $63 (+1.2%). The base case model target is $124.
03Is Fox Corporation (FOXA) stock overvalued in 2026?
FOXA trades at 13.4x times forward earnings. The stock currently trades at a discount to the broader market. Based on current multiples versus the peer group, the relative model signals significantly undervalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Fox Corporation (FOXA) stock in 2026?
The primary risks for FOXA in 2026 are: (1) Legal and Regulatory — Fox Corporation faces significant legal and regulatory risks, accounting for 27% of its identified risks. (2) Reliance on Advertising Revenue — A substantial portion of Fox's income is derived from advertising, making it vulnerable to economic downturns and shifts in media spending. (3) Declining Linear TV Subscriptions — The ongoing trend of cord-cutting is eroding affiliate fees and advertising revenue from Fox's linear TV networks. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Fox Corporation's revenue and earnings forecast?
Analyst consensus estimates FOXA will report consensus revenue of $17.7B (+6.8% year-over-year) and EPS of $8.13 (+89.6% year-over-year) for the upcoming fiscal year. The following year, analysts project $19.5B in revenue.
06When does Fox Corporation (FOXA) report its next earnings?
Fox Corporation is expected to report its next earnings on approximately 2026-05-11. Consensus expects EPS of $0.98 and revenue of $3.8B. Over recent quarters, FOXA has beaten EPS estimates 100% of the time.
07How much free cash flow does Fox Corporation generate?
Fox Corporation (FOXA) generated $2.5B in free cash flow over the trailing twelve months — a free cash flow margin of 15.3%. FOXA returns capital to shareholders through dividends (1.0% yield) and share repurchases ($1.0B TTM).