Discounted Cash Flow
News Corp.
—
Sales growth has weakened: 11.0% (2022) → -4.9% (2023) → 2.1% (2024) → -16.2% (2025). Revenue growth has been decelerating or declining in recent years and is now -16.2% — a slowing company may not sustain the growth the DCF projects, so the valuation could be overstated.
Average annual growth rates
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
| Dividends | — | — | — |
Endpoint CAGR (better for long term trend)
| Metric | 10-Year | 5-Year | 3-Year |
|---|---|---|---|
| Sales | — | — | — |
| Free Cash Flow | — | — | — |
| Average (FCF & NI) | — | — | — |
| Net Income | — | — | — |
Projected growth rate
—
Historical inputs (10 fiscal years)
| YEAR | Sales | Net Income | Free Cash Flow | Net Margin | EPS (diluted) |
|---|---|---|---|---|---|
| 2016 | $6.0b | $128.6m | $500.1m | 2.2% | $0.30 |
| 2017 | $5.8b (-1.8%) | $-530.3m (-512.3%) | $171.0m (-65.8%) | -9.1% (-520.0%) | $0.20 (-33.3%) |
| 2018 | $6.5b (10.9%) | $-1.1b (-105.1%) | $282.4m (65.1%) | -16.8% (-85.0%) | $0.20 (0.0%) |
| 2019 | $7.2b (11.6%) | $111.4m (110.2%) | $255.8m (-9.4%) | 1.5% (109.2%) | $0.27 (35.0%) |
| 2020 | $6.5b (-10.6%) | $-911.8m (-918.7%) | $245.7m (-3.9%) | -14.1% (-1015.6%) | $-2.16 (-900.0%) |
| 2021 | $6.7b (3.9%) | $237.1m (126.0%) | $608.6m (147.7%) | 3.5% (125.0%) | $0.56 (125.9%) |
| 2022 | $7.5b (11.0%) | $447.6m (88.8%) | $614.3m (0.9%) | 6.0% (70.1%) | $1.06 (89.3%) |
| 2023 | $7.1b (-4.9%) | $107.1m (-76.1%) | $426.1m (-30.6%) | 1.5% (-74.9%) | $0.26 (-75.5%) |
| 2024 | $7.2b (2.1%) | $191.1m (78.5%) | $432.5m (1.5%) | 2.6% (74.9%) | $0.47 (80.8%) |
| 2025 | $6.1b (-16.2%) | $847.8m (343.6%) | $410.3m (-5.1%) | 14.0% (429.3%) | $2.08 (342.6%) |
Base FCF: — (latest fiscal year)
Discount rate: % —
Terminal growth: —
Projection period: — years
Alt A decline yrs:
Alt B total yrs:
SEC filings report in AUD. Values above are converted to USD for comparison with the US-listed share price.
Values abbreviated: b = billions, m = millions, k = thousands.
Projected cash flows
| Year | Projected cash flow | Discount Factor | Present Value |
|---|
PV of projected FCF: —
Terminal FCF: —
Terminal value: —
PV of terminal value: —
Enterprise value (DCF): —
Net debt deduction: —
Current price: —
—Alternative DCF Models
| Model | Fair Value | Upside | PV(FCFs) | PV(Terminal) | Total Years |
|---|---|---|---|---|---|
| Standard (10yr→TV) | — | — | — | — | 10 + TV |
| Alt A (Gradual Decline) | — | — | — | — | — |
| Alt B (30yr Hard Stop) | — | — | — | N/A | — |
This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.