Explain this page
Arphra AIPlain-English read on News Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
B+Solid
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin56.2%
Operating margin16.7%
Net margin5.5%
ROE4.9%
ROA3.0%
ROIC10.0%
Liquidity & leverage
Current ratio1.84×
Quick ratio1.72×
Debt / equity0.31×
Net debt / EBITDA0.47×
Interest coverage142×
Efficiency & per-share
Asset turnover0.55×
Inventory days32
Days sales out.67
FCF / share$1.28
Book value / share$16.47
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $16.08B | $19.48B | — | — | — | — |
| Enterprise value | — | — | — | $17.31B | $20.01B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 2.10 | 2.37 | — | — | — | — |
| EV / FCF | — | — | — | 23.36 | 27.53 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +1.65% | +2.38% | — | — | — | — |
| Free cash flow yield | — | — | — | +4.61% | +3.73% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +48.93% | +51.12% | +51.50% | +54.16% | +56.19% | +54.99% | +53.78% | +54.53% | +53.59% |
| Operating margin | +13.74% | +16.19% | +13.64% | +14.81% | +16.74% | +15.03% | +15.49% | +15.34% | +14.78% |
| EBITDA margin | +11.07% | +13.65% | +10.96% | +11.75% | +13.42% | +15.50% | +15.24% | +14.64% | +14.70% |
| EBIT margin | +6.48% | +9.56% | +8.46% | +9.48% | +11.31% | +9.73% | +9.71% | +9.58% | +10.02% |
| Pre-tax margin | +4.81% | +7.82% | +4.74% | +7.09% | +10.92% | +7.74% | +7.78% | +7.71% | +7.65% |
| Net margin | +3.53% | +6.00% | +1.86% | +3.22% | +5.49% | +3.60% | +3.60% | +3.57% | +3.50% |
| Cost structure | |||||||||
| Cost of revenue / sales | +51.07% | +48.88% | +48.50% | +45.84% | +43.81% | +45.94% | +46.26% | +44.98% | +46.05% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | 0.00% | 0.00% | 0.00% | 0.00% | +39.06% | +13.41% | +12.73% | +13.09% | +13.04% |
| Effective tax rate | +13.56% | +6.40% | +40.00% | +35.21% | +29.79% | +34.64% | +35.03% | +35.20% | +33.83% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +3.61% | +6.81% | +1.67% | +2.95% | +4.94% | +3.17% | +3.18% | +3.31% | +3.19% |
| Return on assets (ROA) | +1.97% | +3.62% | +0.88% | +1.59% | +2.99% | +1.77% | +1.83% | +1.75% | +1.75% |
| Return on capital (ROC) | +10.09% | +12.64% | +8.31% | +10.09% | +11.48% | +9.68% | +10.05% | +10.29% | +9.77% |
| Return on invested capital (ROIC) | +2.59% | +4.68% | +1.13% | +2.20% | +3.76% | +2.32% | +2.34% | +2.39% | +2.31% |
| Asset turnover | +55.80% | +60.30% | +47.35% | +49.46% | +54.51% | +49.13% | +50.75% | +49.10% | +50.14% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +3.53% | +6.00% | +1.86% | +3.22% | +5.49% | +3.60% | +3.60% | +3.57% | +3.50% |
| Asset turnover (× revenue / assets) | +55.80% | +60.30% | +47.35% | +49.46% | +54.51% | +49.13% | +50.75% | +49.10% | +50.14% |
| Equity multiplier (× assets / equity) | +183.37% | +188.35% | +189.17% | +185.15% | +165.13% | +179.45% | +174.02% | +188.97% | +182.13% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.56 | 0.60 | 0.47 | 0.49 | 0.55 | 0.49 | 0.51 | 0.49 | 0.50 |
| Fixed-asset turnover | 2.83 | 3.47 | 2.60 | 3.97 | 3.99 | — | — | — | — |
| Inventory turnover | 18.89 | 16.32 | 12.50 | 14.22 | 11.32 | — | — | — | — |
| Receivables turnover | 6.25 | 6.91 | 5.62 | 5.81 | 5.41 | — | — | — | — |
| Payables turnover | 14.89 | 12.35 | 8.83 | 14.89 | 11.05 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 58.43 | 52.79 | 64.92 | 62.81 | 67.46 | — | — | — | — |
| Days inventory outstanding (DIO) | 19.32 | 22.36 | 29.21 | 25.66 | 32.23 | — | — | — | — |
| Days payables outstanding (DPO) | 24.52 | 29.55 | 41.33 | 24.51 | 33.02 | — | — | — | — |
| Cash conversion cycle | 53.23 | 45.60 | 52.80 | 63.97 | 66.67 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 3.75 | 2.17 | 7.33 | 4.13 | 2.44 | 3.84 | 3.68 | 3.72 | 3.83 |
| FCF / Net income | 2.57 | 1.37 | 3.98 | 2.79 | 1.57 | 2.28 | 2.38 | 2.27 | 2.34 |
| FCF margin | +9.05% | +8.23% | +7.40% | +8.98% | +8.60% | +8.19% | +8.56% | +8.09% | +8.17% |
| OCF margin | +13.22% | +13.04% | +13.63% | +13.31% | +13.42% | +13.83% | +13.24% | +13.26% | +13.41% |
| CapEx / Revenue | +4.17% | +4.81% | +6.23% | +4.33% | +4.82% | +5.03% | +5.20% | +5.18% | +5.15% |
| CapEx / D&A | 0.57 | 0.73 | 0.61 | 0.81 | 0.89 | — | — | — | — |
| Stock-based comp / Revenue | +1.37% | +0.57% | +1.15% | 0.00% | 0.00% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 0.56 | 1.05 | 0.26 | 0.47 | 0.81 | 1.06 | 1.27 | 1.48 | 1.58 |
| EPS · basic | 0.56 | 1.06 | 0.26 | 0.47 | 0.82 | 1.05 | 1.28 | 1.50 | 1.60 |
| Book value / share | 15.41 | 15.43 | 15.45 | 15.71 | 16.47 | 17.86 | 18.52 | 18.22 | 19.48 |
| Tangible BV / share | 3.90 | 2.20 | 2.27 | 4.76 | 5.41 | 17.86 | 18.52 | 18.22 | 19.48 |
| Sales / share | 15.77 | 17.53 | 13.84 | 14.39 | 14.83 | 15.75 | 16.35 | 16.91 | 17.79 |
| Operating CF / share | 2.08 | 2.29 | 1.89 | 1.91 | 1.99 | 2.18 | 2.17 | 2.24 | 2.39 |
| Free cash flow / share | 1.43 | 1.44 | 1.02 | 1.29 | 1.28 | 1.29 | 1.40 | 1.37 | 1.45 |
| Dividends / share | 0.27 | 0.30 | 0.30 | 0.30 | 0.32 | 0.34 | 0.36 | 0.37 | 0.38 |
| Payout ratio | +49.39% | +28.09% | +116.78% | +64.66% | +39.87% | +59.36% | +61.31% | +61.04% | +60.35% |
| Retention ratio | +50.61% | +71.91% | -16.78% | +35.34% | +60.13% | +40.64% | +38.69% | +38.96% | +39.65% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +10.97% | -22.85% | +3.00% | +2.42% | +5.49% | +4.53% | +4.13% | +4.14% | +0.97% |
| Gross profit · YoY | — | +15.94% | -22.28% | +8.31% | +6.27% | +3.25% | +2.23% | +5.59% | +2.35% | +2.12% |
| Profit | ||||||||||
| Operating income · YoY | — | +30.72% | -34.98% | +11.80% | +15.79% | -5.31% | +7.74% | +3.15% | +0.34% | +1.89% |
| EBITDA · YoY | — | +36.87% | -38.08% | +10.48% | +16.91% | +21.84% | +2.78% | +0.04% | +4.56% | +4.61% |
| Net income · YoY | — | +88.79% | -76.08% | +78.52% | +74.44% | -30.87% | +4.65% | +3.14% | +2.07% | +0.86% |
| Operating | ||||||||||
| EBIT · YoY | — | +63.86% | -31.72% | +15.34% | +22.25% | -9.21% | +4.24% | +2.75% | +8.91% | +6.63% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +87.50% | -75.24% | +80.77% | +72.34% | +30.76% | +19.94% | +16.72% | +6.40% | +13.82% |
| EPS · basic · YoY | — | +89.29% | -75.47% | +80.77% | +74.47% | +28.09% | +22.29% | +16.52% | +6.86% | +14.02% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $3.6B | $4.16B | $4.21B | $3.1B | $2.94B | $3.72B | $3.81B | $4.01B | $4.22B |
| Net debt | $1.36B | $2.33B | $2.37B | $1.23B | $537M | $1.51B | $1.46B | $1.68B | $1.79B |
| Net debt / EBITDA | 1.32 | 1.65 | 2.70 | 1.27 | 0.47 | 1.09 | 1.03 | 1.18 | 1.21 |
| Debt / equity | 0.39 | 0.45 | 0.47 | 0.34 | 0.31 | 0.37 | 0.36 | 0.38 | 0.38 |
| Debt / assets | +21.47% | +24.13% | +24.86% | +18.60% | +18.96% | +20.51% | +20.74% | +20.28% | +20.96% |
| Equity / assets | +54.53% | +53.09% | +52.86% | +54.01% | +60.56% | +55.73% | +57.46% | +52.92% | +54.91% |
| Coverage | |||||||||
| EBITDA / interest expense | 28.00 | 13.50 | 10.45 | 11.41 | 113.40 | 21.04 | 21.33 | 19.66 | 20.14 |
| Operating income / interest | 34.76 | 16.01 | 13.01 | 14.38 | 141.50 | 20.40 | 21.69 | 20.61 | 20.26 |
| Interest expense | $37M | $105M | $84M | $85M | $10M | $65.68M | $66.56M | $72.26M | $73.75M |
| Liquidity | |||||||||
| Current ratio | 1.38 | 1.16 | 1.28 | 1.43 | 1.84 | — | — | — | — |
| Quick ratio | 1.15 | 0.94 | 1.03 | 1.08 | 1.52 | — | — | — | — |
| Cash ratio | 0.69 | 0.52 | 0.58 | 0.61 | 0.92 | — | — | — | — |
| Working capital | $1.22B | $574M | $888M | $1.32B | $2.2B | — | — | — | — |
| Working capital / revenue | +13.06% | +5.53% | +11.08% | +15.96% | +26.06% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 2.37x | 2.10x |
| Earnings yield | 2.4% | 1.7% |
| FCF yield | 3.7% | 4.6% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 5.3% | 3.3% |
| ROA | 3.0% | 1.6% |
| ROIC | 7.6% | 5.8% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 0.47 | 1.27 |
| Interest coverage | — | — |
| Current ratio | 1.84x | 1.43x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).