ATVI

Activision Blizzard Inc

TMT


Presented:02/23/2021
Price:$96.42
Cap:$74.52B
Current Price:$94.42
Cap:$72.42B

Presented

Date02/23/2021
Price$96.42
Market Cap$74.52B
Ent Value$67.38B
P/E Ratio34.13x
Book Value$18.61
Div Yield0.43%
Shares O/S772.86M
Ave Daily Vol6,206,272
Short Int1.07%

Current

Price$94.42
Market Cap$72.42B
Activision Blizzard, Inc. engages in the development and publication of interactive entertainment. It operates through the following segments: Activision Publishing, Blizzard Entertainment, and King Digital Entertainment. The Activision Publishing segment develops and publishes interactive software products and entertainment content, particularly for the console platform. The Blizzard Entertainment segment develops and publishes interactive software products and entertainment content, particularly for the PC platform. The King Digital Entertainment segment develops and publishes interactive entertainment content and services, particularly on mobile platforms, such as Google's Android and Apple's iOS. The company was founded in 1979 and is headquartered in Santa Monica, CA.

Publicly traded companies mentioned herein: Activison Blizzard Inc (ATVI)

Highlights

The presenter is long shares of Activision Blizzard Inc (ATVI) and sees an attractive investment opportunity with 40% upside. His thesis has three key points: 1) as a market leader ATVI is well-positioned to benefit from secular growth in the video game industry, 2) earnings growth will accelerate further as margins improve from the increasing mix shift toward digital downloads, in-game purchases, and subscription services, and 3) AVTI’s management team has the opportunity to leverage strong FCF and net cash on the balance sheet for more aggressive capital allocation. ATVI’s CEO, Bobby Kotick, has a long-term track record of capital allocation and shareholder value creation. In addition, he believes consensus estimates are too conservative, and as the company beats the market should rerate the stock upwards. 

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Idea Discussion

Commentor 1 - 2 weeks ago

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