Morningstar Rating
Stock XNYS Rating as of
$102.27 +0.43(0.42%)
View Full ChartAs of Delayed Price Closed
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Company Report
Company Report
Disney’s Business Evolves as More Programming, Including Live Sports, Becomes Available to Stream
Matthew Dolgin
Disney is managing the evolution of the media industry, most notably the shift from linear television viewing to on-demand, direct-to-consumer, or DTC, streaming services. Disney was perfectly positioned to take advantage of the traditional model, with its ownership of a national broadcast network, in ABC; the top sports network, in ESPN; and a leading children’s network, in the Disney Channel. These remain very valuable assets that give Disney advantages as the industry evolves, but challenges exist, and we don’t think the new media landscape will be as profitable as the prior one.
DIS is trading at a 129% premium.
Price
$102.27
Fair Value
$325.00
Uncertainty
High
- 1-Star Price
- $776.65
- 5-Star Price
- $84.00
- Economic Moat
- Pkq
- Capital Allocation
- Rmngmpj
Bulls Say, Bears Say
Bulls Say, Bears Say
Bulls
No peer can match the depth of Disney’s iconic characters, franchises, or content library, which will keep the firm’s streaming services in high demand and give the firm a leg up in creating new movies and television shows.
Bears
Linear television will continue to decline. Even if successful, newer revenue sources like direct-to-consumer streaming will never equal the profitability Disney once enjoyed.
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News
News
- The Walt Disney Company Kicks Off Global Celebration Honoring 90 Years of Donald Duck
- What's worth streaming in June 2024: 'House of the Dragon,' 'The Bear' and much more
- What's worth streaming in June 2024: 'House of -2-
- Canada Orders Foreign Streamers to Contribute 5% of Canadian Sales to Broadcasting System — 4th Update
- Canada Orders Foreign Streamers to Contribute 5% of Canadian Sales to Broadcasting System — 3rd Update
- Canada Orders Foreign Streamers to Contribute 5% of Canadian Sales to Domestic Broadcasting System — 2nd Update
- Canada Orders Foreign Streamers to Contribute 5% of Canadian Sales to Domestic Broadcasting System — Update
- Canada Orders Foreign Streamers to Contribute 5% of Canadian Sales to Domestic Broadcasting System
Trading Information
Trading Information
- Previous Close Price
- $101.84
- Day Range
$101.59–102.54
- 52-Week Range
$78.73–123.74
- Bid/Ask
- $102.24/$102.40
- Market Cap
- $186.44 Bil
- Volume/Avg
- 14.1 Mil/10.4 Mil
Key Statistics
Key Statistics
- Price/Earnings (Normalized)
- 23.89
- Price/Sales
- 2.10
- Dividend Yield (Trailing)
- 0.29%
- Dividend Yield (Forward)
- 0.88%
- Total Yield
- 0.29%
Company Profile
Company Profile
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney’s own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney’s theme parks and vacation destinations, and also benefits from merchandise licensing.
- Sector
- Communication Services
- Industry
- Entertainment
- Stock Style Box
- Large Core
- Total Number of Employees
- 225,000
Competitors
Competitors
- Warner Bros. Discovery Inc Ordinary Shares - Class A WBD
- Comcast Corp Class A CMCSA
- Netflix Inc NFLX
Valuation
Valuation
| Metric | DIS | WBD | CMCSA |
|---|---|---|---|
Price/Earnings (Normalized) | 23.89 | — | 9.41 |
Price/Book Value | 1.88 | 0.40 | 1.83 |
Price/Sales | 2.10 | 0.43 | 1.29 |
Price/Cash Flow | 13.53 | 0.94 | 5.71 |
Price/Earnings
DIS
WBD
CMCSA
Financial Strength
Financial Strength
| Metric | DIS | WBD | CMCSA |
|---|---|---|---|
Quick Ratio | 0.57 | 0.55 | 0.49 |
Current Ratio | 0.75 | 0.82 | 0.59 |
Interest Coverage | 2.64 | −0.66 | 5.99 |
Quick Ratio
DIS
WBD
CMCSA
Profitability
Profitability
| Metric | DIS | WBD | CMCSA |
|---|---|---|---|
Return on Assets (Normalized) | 4.53% | −1.84% | 6.32% |
Return on Equity (Normalized) | 9.22% | −5.08% | 19.98% |
Return on Invested Capital (Normalized) | 6.24% | −0.61% | 10.60% |
Return on Assets
DIS
WBD
CMCSA
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Entertainment Industry Comparables
Entertainment Industry Comparables
| 1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Netflix Inc NFLX | Rrdsrngtg | Ybkcqfn | $295.6 Bil | |||
| Live Nation Entertainment Inc LYV | Szfvfjvh | Nvqbll | $21.5 Bil | |||
| Warner Bros. Discovery Inc Ordinary Shares - Class A WBD | Mpynhfsby | Tbs | $17.6 Bil | |||
| Warner Music Group Corp Ordinary Shares - Class A WMG | Dyqgchlxj | Nsbyfh | $15.6 Bil | |||
| News Corp Class B NWS | Dgsqntfv | Whwj | $15.5 Bil | |||
| News Corp Class A NWSA | Wgbjqmlw | Czvw | $15.5 Bil | |||
| Fox Corp Class A FOXA | Dvycqylz | Vzzy | $15.5 Bil | |||
| Fox Corp Class B FOX | Ndmtwpx | Bklj | $15.5 Bil | |||
| Sirius XM Holdings Inc SIRI | Vsjxswcd | Bjrsv | $11.3 Bil |
