Walt Disney Co

Consumer Discretionary
Services-Misc. Amusement & Recreation
www.thewaltdisneycompany.com

Earnings Score
Moat Score
Safety Score

Market Cap $209.29B
PE 42
Debt $52.66B
Cash $6.10B
EV $255.85B
FCF $8.56B

Earnings

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Sales & Net Margins

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Earnings	$4.97B
EBIT	$15.60B
ROE	5%
ROA	8%
FCF	$8.56B
Equity	$105.52B
Growth Stability	-26%
PE	42.09
PEG	12.9
PB	1.98
P/FCF	24.45
P/S	2.29
Price/Cash	0.03
Debt/Equity	0.5
Debt/FCF	6.15
Net Margins	5%
Op. Margins	17%
Earnings CAGR	-15%
Sales Growth YoY	-4%
Sales Growth QoQ	-3%
Sales CAGR	-12%
FCF CAGR	-12%
Equity CAGR	7%
Earnings Stability	0.18
Earnings Growth YoY	-76%
Earnings Growth QoQ	-82%

Earnings CAGR 5Y	3%
Sales CAGR 5Y	-27%
FCF CAGR 5Y	6%
Equity CAGR 5Y	4%
Earnings CAGR 3Y	-57%
Sales CAGR 3Y	-57%
FCF CAGR 3Y	75%
Equity CAGR 3Y	4%
Market Cap	$209.29B
Revenue	$91.36B
Assets	$196.22B
Total Debt	$52.66B
Cash	$6.10B
Shares Outstanding	1.83B
EV	255.85B
Earnings Score	4%
Moat Score	74%
Safety Score	52%
Final Score	44%
Working Capital	-9.36B
Current Ratio	0.73
Shares Growth 3y	0%
Equity Growth QoQ	0%
Equity Growth YoY	0%

Assets & ROA

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Stockholders Equity & ROE

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Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world. Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios. Disney recently reorganized into four segments with one new segment: direct-to-consumer and international. The new segment includes the two announced OTT offerings, ESPN+ and the Disney SVOD service. The plan also combines two segments, parks and resorts and consumer products, into one. The media networks group contains the U.S. cable channels and ABC. The studio segment holds the movie production assets.

SEC Filings

Direct access to Walt Disney Co (DIS) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-K Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-Q Dec 30
- 10-K Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-Q Dec 31
- 10-K Oct 01
- 10-Q Jul 02
- 10-Q Apr 02
- 10-Q Jan 01

Sector Comparison

How does Walt Disney Co compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Walt Disney Co compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -15%

Stability 18%

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Walt Disney Co Discounted Cash Flow

Fully customizable DCF calculator online for Walt Disney Co.

Years

Calculation mode

= $40B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$8.6B	$7.6B	$6.7B	$5.9B	$5.2B	$4.6B	$4B	$3.6B	$3.2B	$2.8B	$2.5B	$25B
DCF		$6.9B	$5.5B	$4.4B	$3.5B	$2.8B	$2.3B	$1.8B	$1.5B	$1.2B	$946M	$9.5B
Value	$40B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	09/2016	09/2017	09/2018	09/2019	10/2020	10/2021	09/2022	09/2023	01/2024	09/2024	TTM
Net Margins	17%	16%	21%	16%	-4%	3%	4%	3%	-	5%	5%
ROA	-	15%	16%	8%	4%	4%	6%	6%	-	8%	8%
ROE	-	20%	24%	12%	-3%	2%	3%	2%	-	5%	5%

Bad Net Margins (5.44%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	09/2016	09/2017	09/2018	09/2019	10/2020	10/2021	09/2022	09/2023	01/2024	09/2024	TTM
Debt over FCF	-	3.61	2.55	50.4	17.9	30.32	48.57	10.37	-	6.15	6.15
Debt over Equity	-	0.7	0.47	0.59	0.73	0.65	0.52	0.49	-	0.5	0.5
Growth Stability	-	-	-	100%	-26%	29%	93%	100%	-	100%	-26%

Bad Debt/FCF ratio (6.15)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Good Debt/Equity ratio (0.5)

The company is not overleveraged and has a good balance between equity and debt.

Bad Graham’s Stability (-26%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	09/2016	09/2017	09/2018	09/2019	10/2020	10/2021	09/2022	09/2023	01/2024	09/2024	CAGR 5Y
Revenue YoY growth	-	-1%	8%	17%	-6%	3%	23%	7%	-	-	-27%
Earnings YoY growth	-	-4%	40%	-12%	-126%	-170%	58%	-25%	-	-	3%
Equity YoY growth	-	-	17%	78%	-6%	5%	6%	5%	-	-	4%
FCF YoY growth	-	4%	13%	-89%	224%	-45%	-47%	362%	-	-	6%