NWSA

News Corp - Ordinary Shares - Class A

TMT


Presented:12/15/2021
Price:$21.25
Cap:$12.59B
Current Price:$26.47
Cap:$15.07B

Presented

Date12/15/2021
Price$21.25
Market Cap$12.59B
Ent Value$16.31B
P/E Ratio25.64x
Book Value$13.85
Div Yield0.94%
Shares O/S592.67M
Ave Daily Vol3,263,620
Short Int2.12%

Current

Price$26.47
Market Cap$15.07B
News Corp. engages in the creation and distribution of media, news, education, and information services. It operates through the following segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The News and Information Services segment consists of Dow Jones, News Corp Australia, News UK, the New York Post, and News America Marketing. The Book Publishing segment consists of HarperCollins which publishes and supply consumer books through print, digital, and audio formats. The Digital Real Estate Services segment offers property and property-related advertising and services as well as financial services. The Subscription Video Services segment provides video sports, entertainment, and news services to pay-TV subscribers, and other commercial licensees via cable, satellite and Internet Protocol, and distribution. The Other segment refers to general corporate overhead expenses, corporate strategy group, and costs related to the U.K. Newspaper Matters. The company was founded in 1979 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Fox Corp (FOXA), Meta Platforms Inc (FB), Morgan Stanley (MS), News Corp (NWSA), New York Times Co/The (NYT), REA Group Ltd (REA AU), Walt Disney Co/The (DIS)

Highlights

The presenter is long shares of News Corp (NWSA) based on a SOTP valuation of its diverse portfolio of digital media and real estate assets that are performing well in their respective markets. It is a $21 stock with 580MM shares outstanding currently trading at 12.5x EBITDA. The company was spun off from its parent in 2013 leaving FOXA, which was ultimately bought by Disney in March of 2019. $15 of the share value comes from its 61.6% stake in REA Group, an Australian real estate company that dominates both commercial and residential listings online. The presenter ses the stock as a solid play in the news and digital media space with $500MM in net cash following a record year for profits, and anticipates a 50% upside in the next 18 months.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.