Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
No risks detected for ATVI from our risk checks.
Flawless balance sheet with questionable track record.
Share Price & News
How has Activision Blizzard's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ATVI has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ATVI exceeded the US Entertainment industry which returned -3.8% over the past year.
Return vs Market: ATVI exceeded the US Market which returned -13.6% over the past year.
Price Volatility Vs. Market
How volatile is Activision Blizzard's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall StIs Activision Blizzard, Inc.’s (NASDAQ:ATVI) 10% Return On Capital Employed Good News?
1 month ago | Simply Wall StDid You Miss Activision Blizzard's (NASDAQ:ATVI) Impressive 152% Share Price Gain?
Is Activision Blizzard undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ATVI ($57.5) is trading below our estimate of fair value ($57.77)
Significantly Below Fair Value: ATVI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ATVI is poor value based on its PE Ratio (29.3x) compared to the Entertainment industry average (16.8x).
PE vs Market: ATVI is poor value based on its PE Ratio (29.3x) compared to the US market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: ATVI is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: ATVI is overvalued based on its PB Ratio (3.5x) compared to the US Entertainment industry average (1.9x).
How is Activision Blizzard forecast to perform in the next 1 to 3 years based on estimates from 28 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ATVI's forecast earnings growth (10.8% per year) is above the savings rate (1.7%).
Earnings vs Market: ATVI's earnings (10.8% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: ATVI's earnings are forecast to grow, but not significantly.
Revenue vs Market: ATVI's revenue (7.1% per year) is forecast to grow slower than the US market (7.2% per year).
High Growth Revenue: ATVI's revenue (7.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ATVI's Return on Equity is forecast to be low in 3 years time (12.6%).
How has Activision Blizzard performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ATVI has high quality earnings.
Growing Profit Margin: ATVI's current net profit margins (23.2%) are lower than last year (24.6%).
Past Earnings Growth Analysis
Earnings Trend: ATVI's earnings have grown by 12.4% per year over the past 5 years.
Accelerating Growth: ATVI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ATVI had negative earnings growth (-18.7%) over the past year, making it difficult to compare to the Entertainment industry average (10.3%).
Return on Equity
High ROE: ATVI's Return on Equity (11.7%) is considered low.
How is Activision Blizzard's financial position?
Financial Position Analysis
Short Term Liabilities: ATVI's short term assets ($7.3B) exceed its short term liabilities ($2.9B).
Long Term Liabilities: ATVI's short term assets ($7.3B) exceed its long term liabilities ($4.1B).
Debt to Equity History and Analysis
Debt Level: ATVI's debt to equity ratio (20.9%) is considered satisfactory.
Reducing Debt: ATVI's debt to equity ratio has reduced from 59.7% to 20.9% over the past 5 years.
Debt Coverage: ATVI's debt is well covered by operating cash flow (68.4%).
Interest Coverage: ATVI's interest payments on its debt are well covered by EBIT (158.5x coverage).
Inventory Level: ATVI has a low level of unsold assets or inventory.
Debt Coverage by Assets: ATVI's debt is covered by short term assets (assets are 2.7x debt).
What is Activision Blizzard's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: ATVI's dividend (0.71%) isn’t notable compared to the bottom 25% of dividend payers in the US market (2%).
High Dividend: ATVI's dividend (0.71%) is low compared to the top 25% of dividend payers in the US market (5.56%).
Stability and Growth of Payments
Stable Dividend: ATVI is not paying a notable dividend for the US market, therefore no need to check if payments are stable.
Growing Dividend: ATVI is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: ATVI is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ATVI's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bobby Kotick (56yo)
Mr. Robert A. Kotick, also known as Bobby, has been the Chief Executive Officer at Activision Blizzard, Inc. since February 1991 and served as its President from July 2008 to June 26, 2017. Mr. Kotick is t ...
CEO Compensation Analysis
Compensation vs Market: Bobby's total compensation ($USD30.84M) is above average for companies of similar size in the US market ($USD11.86M).
Compensation vs Earnings: Bobby's compensation has been consistent with company performance over the past year.
|CEO & Director||29.17yrs||US$30.84m||0.33% $154.4m|
|President & COO||2.83yrs||US$8.17m||0.0062% $2.9m|
|Chief Legal Officer||10.42yrs||US$4.76m||0.0024% $1.1m|
|Special Advisor to CEO||0.67yr||US$3.53m||0.014% $6.6m|
|CFO & President of Emerging Businesses||1.25yrs||US$5.80m||0.015% $6.8m|
|Deputy CFO||9.5yrs||no data||0.0014% $631.2k|
|Senior Vice President of Investor Relations||no data||no data||no data|
|Chief Compliance Officer & Corporate Secretary||no data||no data||no data|
|Senior VP & Chief Communications Officer||1.75yrs||no data||no data|
|Chief Marketing Officer||0.67yr||no data||no data|
Experienced Management: ATVI's management team is considered experienced (2.3 years average tenure).
|CEO & Director||29.17yrs||US$30.84m||0.33% $154.4m|
|Independent Director||6.5yrs||US$347.96k||0.021% $9.9m|
|Chairman of the Board||6.5yrs||US$489.71k||0.68% $316.4m|
|Independent Director||16.33yrs||US$379.71k||0.014% $6.7m|
|Independent Director||6.25yrs||US$345.21k||0.0052% $2.4m|
|Independent Director||4.75yrs||US$350.71k||0.0040% $1.9m|
|Lead Independent Director||no data||US$448.55k||0.0094% $4.4m|
|Independent Director||6.5yrs||US$345.21k||0.0035% $1.6m|
|Independent Director||4.75yrs||US$345.21k||0.0029% $1.3m|
|Chairman of King Digital Limited||0.75yr||US$19.82m||no data|
Experienced Board: ATVI's board of directors are considered experienced (6.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Activision Blizzard, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Activision Blizzard, Inc.
- Ticker: ATVI
- Exchange: NasdaqGS
- Founded: 1979
- Industry: Interactive Home Entertainment
- Sector: Media
- Market Cap: US$46.753b
- Shares outstanding: 769.22m
- Website: https://www.activisionblizzard.com
Number of Employees
- Activision Blizzard, Inc.
- 3100 Ocean Park Boulevard
- Santa Monica
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AIY||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jun 1983|
|ATVI||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 1983|
|AIY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 1983|
|ATVI *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jun 1983|
|AIY||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jun 1983|
|ATVI||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jun 1983|
|0H8X||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jun 1983|
|AIY||ETLX (Eurotlx)||Yes||Common Stock||IT||EUR||Jun 1983|
|ATVI34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH REP 1 COM USD0.000001||BR||BRL||May 2019|
Activision Blizzard, Inc. develops and distributes content and services on video game consoles, personal computers (PC), and mobile devices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision Publishing, Inc.; Blizzard Entertainment, Inc.; and King Digital Entertainment. It develops, publishes, and sells interactive software products and entertainment content for the console and PC platforms through retail and digital channels, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies; and offer downloadable content. The company also maintains a proprietary online gaming service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games; and develops and publishes interactive entertainment content and services primarily on mobile platforms, such as Android and iOS, as well as distributes its content and services on the PC platform primarily through Facebook. In addition, it operate esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company serves retailers and distributors, including mass-market retailers, first party digital storefronts, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company was incorporated in 1979 and is headquartered in Santa Monica, California.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/03 03:11|
|End of Day Share Price||2020/04/02 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.