DIS
Walt Disney Company
TMT, Consumer
06/08/2018
Presented
| Date | 06/01/2018 |
| Price | $99.36 |
| Market Cap | $150.03B |
| Ent Value | $176.82B |
| P/E Ratio | 13.25x |
| Book Value | $30.10 |
| Div Yield | 1.69% |
| Shares O/S | 1,510.00M |
| Ave Daily Vol | 7,894,838 |
| Short Int | 1.41% |
Current
| Price | $94.22 |
| Market Cap | $170.88B |
| The Walt Disney Co. is a diversified international family entertainment and media enterprise. It operates through four business segments: Media Networks, Parks & Resorts, Studio Entertainment and Consumer Products & Interactive Media. The Media Networks segment includes cable and broadcast television networks, television production and distribution operations, domestic television stations, radio networks and stations. The Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida; the Disneyland Resort in California; Aulani, a Disney Resort & Spa in Hawaii; the Disney Vacation Club; the Disney Cruise Line; and Adventures by Disney. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. This segment distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Lucasfilm and Touchstone banners. The Consumer Products and Interactive Media segment licenses the company's trade names, characters and visual and literary properties to various manufacturers, game developers, publishers and retailers throughout the world. It also develops and publishes games, primarily for mobile platforms, and books, magazines and comic books. This segment also distributes branded merchandise directly through retail, online and wholesale businesses. The Walt Disney was founded by Walter Elias Disney on October 16, 1923 and is headquartered in Burbank, CA. |
Publicly traded companies mentioned herein: Amazon.com Inc (AMZN), Comcast Corp (CMCSA), Netflix Inc (NFLX), Twenty-First Century Fox Inc (FOX), Walt Disney Co/The (DIS)
Highlights
The presenter is long shares of Walt Disney (DIS), seeing overly negative sentiment around DIS’s earnings headwinds and believes negative revisions are largely behind us. Instead, he sees better-than-expected costs from DIS’s direct-to-consumer (DTC) transition, mitigated impact from weakness in linear networks, and strong performance in Parks. He believes that as more clarity around the Fox acquisition and DTC transition costs emerges, investors should be more motivated to utilize a sum of the parts model to value DIS. On a SOTP analysis, the presenter arrives at a $190 target for DIS shares in three years.
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