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DIS

Walt Disney NYSE:DIS Stock Report

Last Price

US$94.33

Market Cap

US$172.0b

7D

-5.2%

1Y

-46.4%

Updated

30 Sep, 2022

Data

Company Financials +
DIS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance4/6
Financial Health3/6
Dividends0/6

DIS Stock Overview

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide.

Walt Disney Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Walt Disney
Historical stock prices
Current Share PriceUS$94.33
52 Week HighUS$179.63
52 Week LowUS$90.23
Beta1.2
1 Month Change-15.84%
3 Month Change-1.88%
1 Year Change-46.41%
3 Year Change-27.59%
5 Year Change-5.74%
Change since IPO880.05%

Recent News & Updates

Sep 29

Disney plans phased Florida park reopening, names Disney+ president

Walt Disney World (NYSE:DIS) will start a "phased" reopening Friday, following a two-day shutdown to brace for the impact of Hurricane Ian. That will mean some variable hours for Disney World and Disney Springs to be detailed later, Disney said in a fresh update Thursday afternoon. "We continue to closely monitor weather conditions as we assess the impact of Hurricane Ian on our property," the company said. "While theme parks and many operating areas remain closed to guests today, we anticipate weather conditions to improve this evening." Universal Orlando (NASDAQ:CMCSA) was doing some detailed inspections of its own, the Orlando Sentinel reported, but hasn't updated on its previous plan to reopen its parks Friday. Elsewhere, Disney promoted Alisa Bowen to president of Disney+. She'll work with leaders across the company for new initiatives including a Dec. 8 launch of an advertising-supported tier, along with promotions support for Disney+ content. She has been executive VP of global business operations for Disney Streaming, and had previously worked as chief technology officer of News Corp. Australia.

Sep 22

Disney In-Depth: Could This Be Your Own Warren Buffett Moment?

Summary Warren Buffett famously bought and sold Disney in a 12-month period back in 1969. His eagerness to exit proved a costly mistake in the long run. Disney's earnings have been depressed by a number of factors in recent years and its dividend has been paused, which has made the company look expensive and unattractive to investors. Should the broader economy hold up, there's reason to believe that FY23 could be the year Disney returns to its full glory. With Disney currently down almost 50% from its recent high in March 2021, it is possible that this could be the moment that investors look back on as their own Warren Buffett moment. At the current price, I will be continuing to "hold," but see reason for this to be upgraded to a "buy" should the price fall even a little from its current level. My view The Walt Disney Company (DIS) (“Disney”) is reportedly considered by Warren Buffett as one of his biggest mistakes. Not for losing money on it, but for missing out on massive potential returns. In 1969, Buffett acquired a 5% stake in Disney for $4 million. Around a year later, he sold the entire stake for $6 million. It is difficult for anyone, even Warren Buffet, to consider a total return of 50% in a year a big mistake. However, when you consider that same 5% share in Disney is now valued at almost $10 billion - equivalent to an annual compound return of 16% excluding dividends - you can see how he could come to regret selling so quickly. Disney investors have not had a smooth ride recently, with the share price down almost 50% from its recent all-time-high in March 2021. As of 21 September 2022, Disney is valued at around $195 billion. At 37 times FY21 owner earnings, it doesn’t exactly stand out as a bargain. However, since 2019 the company’s true profitability has been depressed by various factors. The first and most obvious is the Covid-19 pandemic, which, among other things, disrupted its tv/movie production and release schedule and completely wiped out the profits from its parks and experiences business. On top of that, the pandemic came just 12 months after the company acquired Twenty-First Century Fox Inc. (“TFCF”) in a deal worth $70 billion and launched its Disney+ streaming service. As a result, any synergies from the deal have been completely obscured by the pandemic, while Disney+ has been popular but ultimately remains loss-making. Looking at pre-acquisition net income as a proxy for earnings under ”normal” conditions, Disney's valuation multiple reduces to a much more attractive 14 times. At this valuation, our analysis implies that investors can expect to achieve annual compound returns of 9% - 15% (including dividends) over the next decade under modest growth assumptions. There are reasons to believe that the true underlying earnings power of Disney could be higher, not least because of the TFCF acquisition. I am a long-term holder of Disney. At the current price, I rate it as a "hold." However, if the valuation was to decline even a little from its current level, I see reason to upgrade my rating to a "buy" and would be tempted to add to my holdings. I wonder if investors will look back on today and consider that not investing at the current price was their very own Warren Buffett moment. Business review Prepared by author. Data from company reports. Note: Disney recently changed its segmental reporting 2020. We have re-presented historical results using the most recent reporting segments, though the results are not directly comparable. In recent years, Disney has been through a period of disruption and change. Some of this has been a result of external factors such as Covid-19, but there has also been the acquisition of TFCF and the launch of the Disney+ streaming platform in 2019. The company has also changed its reporting segments a number of times in recent years. All of these can make it difficult for an investor to get a true view of the company’s profitability under “normal” operating conditions. Since FY21, the company reports its performance across two major segments: Disney Media and Entertainment Distribution which is the company’s famous content creation and distribution; and Parks, Products and Experiences which offers physical experiences and products including its theme parks and cruise line. Disney Media and Entertainment Distribution Content production Content is at the heart of everything Disney does. Disney’s content is created by three production / content licensing groups: Studios which includes Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar and Searchlight Pictures. General Entertainment which acquires and produces episodic television programs and news content across its studios: ABC Signature; 20th Television; Disney Television Animation, FX Productions and various others. Sports which acquires professional and college sports programming rights Prepared by author. Data from company reports. Spending on content has been increasing gradually since 2015, but has been accelerated since 2019 due to the combination with TFCF as well as the launch of Disney+. Total spending on content in 2021 was $25 billion, almost double the amount spent in 2018. At FY21 levels, Disney is the king of overall content spending. In 2021, Netflix spent $17.5 billion on content making it the largest streaming-only content producer, while Amazon spent around $13 billion on its music and video content for its Prime subscription service. The content which is acquired or created by these groups is then monetized across three broad distribution channels: Linear Networks; Direct to Consumer; and Content Sales / Licensing. Linear Networks The Linear Networks segment includes the company’s traditional domestic and international television channels which include ABC, Disney, ESPN (80% interest) as well as FX and National Geographic channels acquired as part of the TFCF acquisition. The company also has a 50% stake in A+E Television Networks which includes a variety of cable channels such as A&E, HISTORY and Lifestyle. The vast majority of income that Disney generates from its Linear Networks is from the fees it charges to affiliates (e.g. cable network operators) for the right to broadcast its programming, with the remaining income coming from the sale of advertising time/space on its own cable networks and tv channels. Domestic channels Prepared by author. Data from company reports. Note: Disney reports subscribers for each of its major channels. As the company does not report unique subscribers, individual subscribers may be counted under more than one channel. For this reason, we have looked at the average number of subscribers under each channel grouping. While subscribers don't directly pay Disney for access to its linear channels, subscriber numbers are an indicator of the demand and popularity of its channels which ultimately drives the affiliate and advertising fees that Disney can generate. Overall, there has been a general downtrend in average subscribers across its main channels in recent years. Disney channel subscriptions had been in decline even prior to the launch of Disney+ in 2019. All other channels are also generally experiencing subscriber decline, including the FX and National Geographic acquired in the TFCF deal. Only ESPN has bucked this trend. Prior to 2019, ESPN had been in decline but has seen its popularity return in recent years. Average subscriber numbers returned to growth in both 2020 and 2021. (The decline shown in 2021 on the chart is due to a change in how the company reports its subscriber numbers as it now shows an additional channel in its reporting which has the effect of reduced the overall average subscribers, but total subscribers have actually increased). It is not surprising that ESPN has fared better than other linear channels, with the nature of live sports means that the linear live-broadcasting format remains the most appropriate. International channels Prepared by author. Data from company reports. Note: Disney reports unique subscribers for each major channel grouping for international channels. On an international basis, the overall trend of subscriber decline continues, though there are some notable differences. International subscriptions to Disney channels had actually been growing prior to the release of Disney+, but have moved into decline following the platform’s release. The popularity of ESPN has been affected to an even greater extent, with subscriptions more than halving during 2019. The channels acquired through the TFCF acquisition haven’t fared much better, with only National Geographic seeing any positive progress on subscriber numbers since it was purchased. Trading performance Prepared by author. Data from company reports. Given the overall downward trend on subscriber numbers and transition by consumers to streaming services, it is surprising that revenues from Linear Networks have not only been robust but have been growing, albeit much of the growth from 2019 onward likely being a result of the TFCF acquisition. Operating profit margins have also been consistent at around 30%, with the segment contributing over $8 billion of operating profit in FY21. These results suggest that linear television is not dead, or at least not as dead as one would initially assume. However, with the exception of live sports, the overall trend will likely be downward with the only question being how low and how quickly the decline will be. Direct-to-Consumer (“DTC”) The DTC segment includes the company’s streaming services Disney+, ESPN+ and Hulu. The company currently owns a 67% interest in Hulu, but has full operational control. From January 2024, Disney has the option to require NBC Universal (“NBC U”) to sell its remaining stake, while NBC U have an option to require Disney to purchase its interest. Prepared by author. Data from company reports. Since its launch in 2019, the Disney+ service has proved popular attracting over 150 million subscribers as of Q3 2022. Netflix remains significantly larger than Disney+ based on subscriber numbers with over 200 million subscribers, but Disney+ has attracted an impressive number of subscribers in its short existence and continues to grow at a faster rate than Netflix which is seeing subscriber growth plateau. Both ESPN+ and Hulu also continue to grow their subscriber base, but attract only a fraction of the subscribers of Disney+. Prepared by author. Data from company reports. On 8 December 2022, the company will introduce its first ad-supported subscription tier on Disney+. The introduction of an ad-supported subscription should result in additional subscribers and generate supplementary revenue from advertising. Ad-supported streaming is not new to Disney, with Hulu offering an ad-supported streaming plan and advertising already accounting for around 20% of the DTC segment’s total revenue. The ad-supported plan is being offered at around 30% less than the ad-free plan, but may actually be more profitable when advertising revenue is included. Hulu’s streaming service currently generates average revenue per user more than 3x more than Disney+, suggesting the introduction of ad-supported service could have a net positive impact on revenues and profitability of the platform. Prepared by author. Data from company reports. The popularity of the company’s Disney+ streaming service has driven robust revenue growth in the company’s DTC segment, which has grown by around 200% since the service was introduced (albeit the results in FY21 are not directly comparable to FY19 due to changes in the reporting segments). Despite the growth in subscribers of Disney+ and other platforms, they have yet to reach the critical volume / pricing needed to break-even, with the segment reporting a loss of almost $2 billion in FY21. However, the company continues to make progress in FY23 with revenues up a further 25% year to date and the operating loss for the first 9 months more than halving from $2.5 billion to less than $1 billion. At current cost and subscription prices, the company only needs to increase its subscribers and/or average revenues per subscriber by a further 7% to break even (assuming no additional content or operating costs). It is reasonable to expect the segment to achieve profitability in the coming financial year. Content Sales & Licensing (“CSL”) The rights to content which is not exclusively broadcast on Disney’s own linear channels or streaming services is sold or licensed to third party distributors including TV networks, streaming providers and movie theaters. Prepared by author. Data from company reports. Prior to the pandemic, revenues had been growing and margins were consistently around 30%. Results in 2020 were relatively resilient despite the pandemic, with the disruption to theatrical movie release schedules being felt. However, revenues in FY21 fell by 50% from an already reduced level in the prior period. Results for the first 9 months of FY23 suggests the segment is on the road to recovery, with revenues up over 20% and operating profits of $0.6 billion compared with a loss in the prior period. Parks, Experiences & Products (“PEP”) The PEP segment includes the company’s theme parks and resorts, Disney Cruise Line, and Disney Vacation Club, as well as consumer products which it sells directly or licenses to third parties. Prepared by author. Data from company reports. Note: Disney does not report absolute figures for attendances or spending. Revenue from theme park admissions and related sales (merchandise, food, beverage and resort stays) represent the vast majority of revenue of the PEP segment, meaning park attendances and visitor spending are a key performance indicators. Attendance at the company’s theme parks had been growing since 2015, albeit this had tailed off slightly in 2019 before the parks were impacted by closures and/or restrictions in FY20 and FY21. Average per capita guest spending continues to grow strongly with average growth in the region of mid-to-high single digits annually. The company reports higher guest attendance in spending in its results for the first 9 months of FY22 compared to FY21, though no figures are available. Prepared by author. Data from company reports. Pre-pandemic revenues and profits of the PEP segment had been growing consistently, with profit margins consistently at or above 20%. In 2020 and 2021, revenues were relatively robust given the significant disruption caused by pandemic. However, due to the large overheads of these businesses, profits were completely wiped out. The Parks business has recovered strongly in the first 9 months of FY23, with revenues up over 90% compared to the same period last year, while operating income was over $6 billion compared to a small loss in the prior period. Overall profitability Prepared by author. Data from company reports. On a consolidated basis, segmental operating profits had been broadly flat at around $15 billion p.a. since 2015. Since then, operating profitability has declined significantly falling below $10 billion in FY21. Given the major disruptions the company has faced, the decline is not unexpected and not a reason for major concern. In fact, the ability of the company to maintain the profits that it has done during the pandemic is testament to its resilience - and highlights the importance of the Linear Networks, which are given much less attention than Disney+ but consistently contribute significant amounts to the bottom line every year. Cash Flow Prepared by author. Data from company reports. Despite the many headwinds experienced in recent years, the company has continued to generate positive free cash flow in each of the last three years. Across the period FY19-FY21, the company generated cumulative free cash flow of almost $7 billion, which is well below the historical norm. The majority of the company’s free cash has historically been returned to investors, through an ongoing progressive dividend and ad-hoc repurchases. However, the dividend program was paused during FY20 and has yet to be re-continued, while no repurchases have taken place since 2018.

Sep 22
Quick Takes: Palo Alto, Alphabet, Meta & More

Quick Takes: Palo Alto, Alphabet, Meta & More

Vladimr Putin’s latest mobilization caused the oil price to spike yesterday morning. Somewhat predictably, energy stocks opened higher, - but then very quickly reversed course, along with the price of crude, when it emerged that US inventories increased by 1.1 million barrels from a week earlier. Exxon (NYSE: XOM), Chevron (NYSE: CVX) and Occidental Petroleum (NYSE: OXY) all closed lower on the day.

Shareholder Returns

DISUS EntertainmentUS Market
7D-5.2%-3.1%-3.1%
1Y-46.4%-50.8%-21.5%

Return vs Industry: DIS exceeded the US Entertainment industry which returned -50.8% over the past year.

Return vs Market: DIS underperformed the US Market which returned -21.5% over the past year.

Price Volatility

Is DIS's price volatile compared to industry and market?
DIS volatility
DIS Average Weekly Movement4.9%
Entertainment Industry Average Movement9.1%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: DIS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DIS's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1923166,250Bob Chapekhttps://www.thewaltdisneycompany.com

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. It operates through two segments, Disney Media and Entertainment Distribution; and Disney Parks, Experiences and Products. The company engages in the film and episodic television content production and distribution activities, as well as operates television broadcast networks under the ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star brands; and studios that produces motion pictures under the Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures banners.

Walt Disney Fundamentals Summary

How do Walt Disney's earnings and revenue compare to its market cap?
DIS fundamental statistics
Market CapUS$171.97b
Earnings (TTM)US$3.19b
Revenue (TTM)US$81.11b

53.9x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
DIS income statement (TTM)
RevenueUS$81.11b
Cost of RevenueUS$53.18b
Gross ProfitUS$27.92b
Other ExpensesUS$24.73b
EarningsUS$3.19b

Last Reported Earnings

Jul 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.75
Gross Margin34.43%
Net Profit Margin3.93%
Debt/Equity Ratio48.7%

How did DIS perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is DIS undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DIS?

Other financial metrics that can be useful for relative valuation.

DIS key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.8x
Enterprise Value/EBITDA18.8x
PEG Ratio1.7x

Price to Earnings Ratio vs Peers

How does DIS's PE Ratio compare to its peers?

DIS PE Ratio vs Peers
The above table shows the PE ratio for DIS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average14.1x
TME Tencent Music Entertainment Group
17.7x11.5%US$6.8b
WMG Warner Music Group
28x16.9%US$11.9b
WBD Warner Bros. Discovery
n/a77.4%US$28.3b
NFLX Netflix
20.9x16.6%US$106.6b
DIS Walt Disney
55.7x31.3%US$177.7b

Price-To-Earnings vs Peers: DIS is expensive based on its Price-To-Earnings Ratio (53.9x) compared to the peer average (14.1x).


Price to Earnings Ratio vs Industry

How does DIS's PE Ratio compare vs other companies in the US Entertainment Industry?

Price-To-Earnings vs Industry: DIS is expensive based on its Price-To-Earnings Ratio (53.9x) compared to the US Entertainment industry average (20.8x)


Price to Earnings Ratio vs Fair Ratio

What is DIS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DIS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio53.9x
Fair PE Ratio40.9x

Price-To-Earnings vs Fair Ratio: DIS is expensive based on its Price-To-Earnings Ratio (53.9x) compared to the estimated Fair Price-To-Earnings Ratio (41.1x).


Share Price vs Fair Value

What is the Fair Price of DIS when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DIS ($94.33) is trading below our estimate of fair value ($213.82)

Significantly Below Fair Value: DIS is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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Future Growth

How is Walt Disney forecast to perform in the next 1 to 3 years based on estimates from 28 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


31.3%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DIS's forecast earnings growth (31.3% per year) is above the savings rate (1.9%).

Earnings vs Market: DIS's earnings (31.3% per year) are forecast to grow faster than the US market (14.7% per year).

High Growth Earnings: DIS's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: DIS's revenue (8% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: DIS's revenue (8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DIS's Return on Equity is forecast to be low in 3 years time (12.1%).


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Past Performance

How has Walt Disney performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-38.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DIS has high quality earnings.

Growing Profit Margin: DIS's current net profit margins (3.9%) are higher than last year (1.7%).


Past Earnings Growth Analysis

Earnings Trend: DIS's earnings have declined by 38.6% per year over the past 5 years.

Accelerating Growth: DIS's earnings growth over the past year (192.2%) exceeds its 5-year average (-38.6% per year).

Earnings vs Industry: DIS earnings growth over the past year (192.2%) exceeded the Entertainment industry -5.9%.


Return on Equity

High ROE: DIS's Return on Equity (3.4%) is considered low.


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Financial Health

How is Walt Disney's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: DIS's short term assets ($31.4B) exceed its short term liabilities ($30.7B).

Long Term Liabilities: DIS's short term assets ($31.4B) do not cover its long term liabilities ($67.5B).


Debt to Equity History and Analysis

Debt Level: DIS's net debt to equity ratio (36.5%) is considered satisfactory.

Reducing Debt: DIS's debt to equity ratio has increased from 48.3% to 48.7% over the past 5 years.

Debt Coverage: DIS's debt is not well covered by operating cash flow (11.9%).

Interest Coverage: DIS's interest payments on its debt are well covered by EBIT (5.2x coverage).


Balance Sheet


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Dividend

What is Walt Disney current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.06%

Forecast Dividend Yield

Dividend Yield vs Market

Walt Disney Dividend Yield vs Market
How does Walt Disney dividend yield compare to the market?
SegmentDividend Yield
Company (Walt Disney)0%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Entertainment)0.9%
Analyst forecast in 3 Years (Walt Disney)1.1%

Notable Dividend: Unable to evaluate DIS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate DIS's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if DIS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DIS's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: DIS is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DIS has not reported any payouts.


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Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Bob Chapek (62 yo)

2.42yrs

Tenure

US$32,464,293

Compensation

Mr. Robert A. Chapek, also known as Bob, has been the Chief Executive Officer of Walt Disney Company since February 24, 2020 and has been its Director since April 14, 2020. He served as Chairman of Disney...


CEO Compensation Analysis

Bob Chapek's Compensation vs Walt Disney Earnings
How has Bob Chapek's remuneration changed compared to Walt Disney's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 02 2022n/an/a

US$3b

Apr 02 2022n/an/a

US$3b

Jan 01 2022n/an/a

US$3b

Oct 02 2021US$32mUS$3m

US$2b

Jul 03 2021n/an/a

US$1b

Apr 03 2021n/an/a

-US$4b

Jan 02 2021n/an/a

-US$5b

Oct 03 2020US$15mUS$2m

-US$3b

Compensation vs Market: Bob's total compensation ($USD32.46M) is above average for companies of similar size in the US market ($USD13.04M).

Compensation vs Earnings: Insufficient data to compare Bob's compensation with company performance.


Leadership Team

Experienced Management: DIS's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

Experienced Board: DIS's board of directors are considered experienced (4.6 years average tenure).


Ownership

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.


Ownership Breakdown

What is the ownership structure of DIS?
Owner TypeNumber of SharesOwnership Percentage
Private Companies512,6250.03%
State or Government803,6350.04%
Individual Insiders1,452,2520.08%
General Public672,403,34936.9%
Institutions1,147,885,91663.0%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 35.88% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
7.78%
The Vanguard Group, Inc.
141,817,930$13.4b0.96%0.32%
6.42%
BlackRock, Inc.
117,053,758$11.0b-0.21%0.28%
3.91%
State Street Global Advisors, Inc.
71,320,046$6.7b-1.19%0.39%
1.86%
State Farm Insurance Companies, Asset Management Arm
33,996,592$3.2b0%3.81%
1.67%
Geode Capital Management, LLC
30,484,736$2.9b2.74%0.39%
1.37%
T. Rowe Price Group, Inc.
24,984,524$2.4b44.17%0.29%
1.31%
Northern Trust Global Investments
23,958,218$2.3b-0.03%0.48%
1.24%
Morgan Stanley, Investment Banking and Brokerage Investments
22,566,346$2.1b-2.85%0.44%
0.9%
UBS Asset Management
16,426,677$1.5b-6.83%0.31%
0.89%
BNY Mellon Asset Management
16,165,235$1.5b3.21%0.35%
0.81%
Norges Bank Investment Management
14,789,436$1.4b0%0.19%
0.71%
Eaton Vance Management
12,951,385$1.2b-5.23%0.48%
0.71%
Morgan Stanley Investment Management Inc.
12,896,290$1.2b-3.93%0.98%
0.68%
Legal & General Investment Management Limited
12,365,280$1.2b1.35%0.36%
0.66%
FMR LLC
12,030,087$1.1b-21.37%0.11%
0.64%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
11,647,878$1.1b2.23%0.38%
0.63%
Loomis Sayles & Company, L.P.
11,565,682$1.1b-10.47%2.08%
0.58%
Franklin Resources, Inc.
10,576,317$997.7m-8.82%0.44%
0.51%
ClearBridge Investments, LLC
9,363,589$883.3m16.01%0.84%
0.51%
Massachusetts Financial Services Company
9,297,127$877.0m-0.34%0.24%
0.49%
Charles Schwab Investment Management, Inc.
8,882,410$837.9m1.62%0.23%
0.43%
Swiss National Bank, Asset Management Arm
7,897,671$745.0m0.32%0.51%
0.42%
Bank of America Corporation, Asset Management Arm
7,574,317$714.5m-3.55%0.29%
0.38%
Dimensional Fund Advisors LP
6,849,626$646.1m3.49%0.17%
0.36%
Merrill Lynch & Co. Inc., Banking Investments
6,609,482$623.5m-22.05%0.33%

Company Information

The Walt Disney Company's employee growth, exchange listings and data sources


Key Information

  • Name: The Walt Disney Company
  • Ticker: DIS
  • Exchange: NYSE
  • Founded: 1923
  • Industry: Movies and Entertainment
  • Sector: Media
  • Implied Market Cap: US$171.969b
  • Shares outstanding: 1.82b
  • Website: https://www.thewaltdisneycompany.com

Number of Employees


Location

  • The Walt Disney Company
  • 500 South Buena Vista Street
  • Burbank
  • California
  • 91521
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DISNYSE (New York Stock Exchange)YesCommon SharesUSUSDJan 1968
DISBVL (Bolsa de Valores de Lima)YesCommon SharesPEUSDJan 1968
DIS *BMV (Bolsa Mexicana de Valores)YesCommon SharesMXMXNJan 1968
WDPDB (Deutsche Boerse AG)YesCommon SharesDEEURJan 1968
WDPXTRA (XETRA Trading Platform)YesCommon SharesDEEURJan 1968
DISSNSE (Santiago Stock Exchange)YesCommon SharesCLUSDJan 1968
DISSWX (SIX Swiss Exchange)YesCommon SharesCHCHFJan 1968
WD-UETLX (Eurotlx)YesCommon SharesITEURJan 1968
DISWBAG (Wiener Boerse AG)YesCommon SharesATEURJan 1968
WDPBUL (Bulgaria Stock Exchange)YesCommon SharesBGEURJan 1968
DISCLSNSE (Santiago Stock Exchange)YesCommon SharesCLCLPJan 1968
DIS_KZKAS (Kazakhstan Stock Exchange)YesCommon SharesKZUSDJan 1968
DISNBASE (Buenos Aires Stock Exchange)4 CEDEAR EACH REPR 1 COM USD0.01ARARSJan 2001
DISB34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 15 REPR 1 COM SHSBRBRLJan 2012
DISNEOE (Aequitas Neo Exchange)WALT DISNEY CDR CAD HDG REG SCACADOct 2021
WDP0DB (Deutsche Boerse AG)WALT DISNEY CDR CAD HDG REG SDEEUROct 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/30 00:00
End of Day Share Price2022/09/30 00:00
Earnings2022/07/02
Annual Earnings2021/10/02


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.