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Activision Blizzard Inc
ATVI : NASDAQ : Technology
$37.24 up0.01 | 0.03%
Today's Range: 37.15 - 37.40
Avg. Daily Volume: 9,231,600
11/27/15 - 1:00 PM ET

Financial Analysis

ACTIVISION BLIZZARD INC's gross profit margin for the third quarter of its fiscal year 2015 is essentially unchanged when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. ACTIVISION BLIZZARD INC is extremely liquid. Currently, the Quick Ratio is 3.12 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.

During the same period, stockholders' equity ("net worth") has increased by 14.25% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q3 FY15 Q3 FY14
Net Sales ($mil)990.0752.0
EBITDA ($mil)303.068.0
EBIT ($mil)196.08.0
Net Income ($mil)127.0-23.0

Balance Sheet Q3 FY15 Q3 FY14
Cash & Equiv. ($mil)4519.03828.0
Total Assets ($mil)14302.013855.0
Total Debt ($mil)4078.04322.0
Equity ($mil)7989.06992.0

Profitability Q3 FY15 Q3 FY14
Gross Profit Margin76.7774.47
EBITDA Margin30.69.04
Operating Margin19.81.06
Sales Turnover0.340.31
Return on Assets7.644.66
Return on Equity13.699.25
Debt Q3 FY15 Q3 FY14
Current Ratio3.922.82
Interest Expense0.00.0
Interest Coverage0.00.0

Share Data Q3 FY15 Q3 FY14
Shares outstanding (mil)730.94718.96
Div / share0.00.0
Book value / share10.939.73
Institutional Own % n/a n/a
Avg Daily Volume1.1328749E76396510.0


BUY. This stock's P/E ratio indicates a significant discount compared to an average of 45.47 for the Software industry and a premium compared to the S&P 500 average of 21.93. Conducting a second comparison, its price-to-book ratio of 3.39 indicates a premium versus the S&P 500 average of 2.77 and a significant discount versus the industry average of 6.76. The current price-to-sales ratio is well above the S&P 500 average, but below the industry average. Upon assessment of these and other key valuation criteria, ACTIVISION BLIZZARD INC proves to trade at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
ATVI 25.01 Peers 45.47   ATVI 19.71 Peers 22.87

Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations.

ATVI is trading at a significant discount to its peers.


Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

ATVI is trading at a discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
ATVI 23.26 Peers 42.64   ATVI 1.23 Peers 0.88

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

ATVI is trading at a significant discount to its peers.


Premium. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

ATVI trades at a significant premium to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
ATVI 3.39 Peers 6.76   ATVI 70.11 Peers -11.22

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

ATVI is trading at a significant discount to its peers.


Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

ATVI is expected to have an earnings growth rate that significantly exceeds its peers.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
ATVI 5.54 Peers 5.98   ATVI 12.31 Peers 10.87

Average. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

ATVI is trading at a valuation on par with its industry on this measurement.


Higher. A sales growth rate that exceeds the industry implies that a company is gaining market share.

ATVI has a sales growth rate that exceeds its peers.



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