We have been looking at the valuation of Rupert Murdoch’s Twenty-First Century Fox (FOX) for the past few weeks, our interest piqued because of the announced acquisition by Disney (DIS) of a good slice of Fox’s business.
We valued Disney back in late 2017. Here is that work. We also have a Framework Forum thread dealing with Disney.
Now we are looking at the target as a stand-alone firm. We posted the model for FOX last week and opened up a Framework Forum thread dealing with Fox. We also posted a presentation about the Disney-Fox transaction that I went through during Office Hours.
Here is our view about Fox as a stand-alone entity, condensed into the Valuation Waterfall format.