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General Information

Fairfax Media Limited
FXJ
http://www.fxj.com.au
Publishing
2,057
2,420

Current Price Data+

Current Price Open High Low Last Close Volume Price Movement
$0.85 $0.85 $0.86 $0.85 $0.85 12321984 - ( No change )
  • +Security prices are delayed by least 20 minutes and are indicative only.

Current Broker Consensus Recommendation

Hold
29/07/2015
3

Company Overview

Business Description
Fairfax Media Limited (FXJ) is a multi-platform media group with a range of activities including publishing of news, information and entertainment, advertising sales in newspaper, magazine and online formats, and radio broadcasting.
Strategy Analysis
FXJ aims is to transform the business to achieve sustainable revenue growth by moving from an old media type organisation reliant on the printing press to the delivery of digital content through a multitude of new channels Fairfax Media reported NPAT of $386.3m for the half-year ended 30 December 2012. Revenues from ordinary activities were $1.1bn, up 7.1% from the same period last year. Basic and Diluted EPS was 16.4 cents compared to 4.1 cents last year. Net operating cash flow was $69.37m compared to $131.43m last year. The interim dividend declared was 1.0 cent compared with 2.0 cents last year.

Financial Summary

Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2016 F 142.2 6.1 1.3% 14.0 4.3 5.1% 100.0%
2015 F 140.4 6.0 -10.5% 14.2 4.2 4.9% 100.0%
2014 A 157.8 6.7 22.5% 10.8 4.0 5.6% 100.0%

Peer Comparison

Company Mkt Cap EPS Growth (%) P/E (%) Dividend Yield (%)
2014 A 2015 F 2016 F 2014 A 2015 F 2016 F 2014 A 2015 F 2016 F
APN (APN) $741M -0.2160 0.1467 0.0891 10.6667 9.3023 8.5409 0.00% 0.00% 3.35%
Fairfax Media (FXJ) $2,057M 0.0000 -0.1118 0.0906 12.6677 14.2617 13.0769 4.71% 4.71% 5.06%
News Corporation (NWS) $972M -0.5279 -0.7159 0.1348 10.7943 37.9930 33.4810 0.00% 0.00% 0.00%
Seven West Media (SWM) $1,400M -0.1546 -0.1633 -0.2568 4.7656 5.6958 7.6636 12.52% 11.89% 6.75%

Financial Summary

Earnings P/E Ratio P/B Ratio P/E Growth
Company 1.21 14.30 1.01 0.00
Market 0.89 16.20 1.33 1.33
Sector 0.91 12.20 1.78 1.21

Directors

Name Position Start Date
Mr Gregory Colin Hywood Chief Executive Officer, Managing Director 04/10/2010
Mr Roger Campbell Corbett Non-Executive Chairman 04/02/2003
Mr Jack James Cowin Non-Executive Director 19/07/2012
Mr Michael Edward Anderson Non-Executive Director 02/09/2010
Mrs Linda Bardo Nicholls Non-Executive Director 26/02/2010
Mr Nicholas Graham Falloon Non-Executive Director 01/05/2015
Ms Sandra Veronica McPhee Non-Executive Director 26/02/2010
Mr Peter Francis Young Non-Executive Director 16/09/2005
Mr James Morrison Millar Non-Executive Director 01/07/2012
Mr James Todd Sampson Non-Executive Director 29/05/2014

Management

Name Position
David Housego Chief Financial Officer
Gail Iris Hambly Company Secretary
Allen Williams Managing Director, Australian Publishing Media

Substantial Shareholders

Holding Name
352,455,644 (40.45%) Gutenberg Investments Pty Ltd
149,340,606 (17.14%) Ausbil Dexia Limited
133,458,373 (15.32%) Allan Gray Australia Pty Ltd
118,279,205 (13.58%) SAS Trustee Corporation
117,713,482 (13.51%) Dimensional Fund Advisers

Calendar of Events

Date Event
18 February 2016 Report (Interim)
06 October 2015 Report (Annual)
13 August 2015 Report (Prelim)
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