DIS

Walt Disney Co (The)

TMT


Presented:11/29/2022
Price:$94.69
Cap:$172.63B
Current Price:$94.22
Cap:$170.88B

Presented

Date11/29/2022
Price$94.69
Market Cap$172.63B
Ent Value$226.26B
P/E Ratio54.97x
Book Value$52.09
Div Yield0%
Shares O/S1,823.06M
Ave Daily Vol12,781,731
Short Int1.14%

Current

Price$94.22
Market Cap$170.88B
The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through the following segments: Disney Media and Entertainment Distribution (DMED) and Disney Parks, Experiences and Products (DPEP). The DMED segment encompasses the company's global film and episodic television content production and distribution activities. The DPEP segment includes significant lines of business like parks and experiences and consumer products. The company was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA.

Publicly traded companies mentioned herein: Comcast Corp (CMCSA), Walt Disney Co (DIS)/The

Highlights

The presenter is short shares of The Walt Disney Co (DIS), which he thinks could fall from $95 per share to the low-$70 range. While there is excitement around Iger’s return as CEO (+6% since the announcement), DIS seems to be in the toughest spot since the presenter started covering the company over a decade ago. This creates a window to short the stock at a price a few dollars off its pre-Q4 report (11/8) price despite consensus 2023 EPS falling >20%. On top of the multiple expansion that has occurred, he thinks EPS estimates for CY2023 are still too high and sees Iger resetting expectations again in February. 

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Idea Discussion

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