The Walt Disney Company
Find Ratings ReportsDISNEY (WALT) CO's gross profit margin for the first quarter of its fiscal year 2024 has increased when compared to the same period a year ago. Sales and net income have grown, and although the growth in revenues has outpaced the average competitor within the subsector, the net income growth has not. DISNEY (WALT) CO has weak liquidity. Currently, the Quick Ratio is 0.69 which shows a lack of ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 4.75% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the future.
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Income Statement | Q1 FY24 | Q1 FY23 |
---|---|---|
Net Sales ($mil) | 23549.0 | 23512.0 |
EBITDA ($mil) | 4179.0 | 3299.0 |
EBIT ($mil) | 2936.0 | 1993.0 |
Net Income ($mil) | 1911.0 | 1279.0 |
Balance Sheet | Q1 FY24 | Q1 FY23 |
---|---|---|
Cash & Equiv. ($mil) | 7192.0 | 8473.0 |
Total Assets ($mil) | 197774.0 | 202124.0 |
Total Debt ($mil) | 47690.0 | 48377.0 |
Equity ($mil) | 100721.0 | 96149.0 |
Profitability | Q1 FY24 | Q1 FY23 |
---|---|---|
Gross Profit Margin | 33.81 | 30.31 |
EBITDA Margin | 17.74 | 14.03 |
Operating Margin | 12.47 | 8.48 |
Sales Turnover | 0.45 | 0.42 |
Return on Assets | 1.5 | 1.64 |
Return on Equity | 2.96 | 3.45 |
Debt | Q1 FY24 | Q1 FY23 |
---|---|---|
Current Ratio | 0.84 | 0.99 |
Debt/Capital | 0.32 | 0.33 |
Interest Expense | 528.0 | 465.0 |
Interest Coverage | 5.56 | 4.29 |
Share Data | Q1 FY24 | Q1 FY23 |
---|---|---|
Shares outstanding (mil) | 1834.0 | 1826.0 |
Div / share | 0.3 | 0.0 |
EPS | 1.04 | 0.7 |
Book value / share | 54.92 | 52.66 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 1.2393525E7 | 1.3017993E7 |
HOLD. DISNEY (WALT) CO's P/E ratio indicates a significant premium compared to an average of 42.52 for the Broadcasting and Content Providers subsector and a significant premium compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 2.04 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 5.70. The price-to-sales ratio is below the S&P 500 average and is well below the subsector average, indicating a discount.
Price/Earnings |
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Price/Cash Flow |
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DIS 69.17 | Peers 42.52 | DIS 15.75 | Peers 19.70 | |||||||||||||||||||||
Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations. DIS is trading at a significant premium 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. DIS is trading at a discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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DIS 20.52 | Peers 19.13 | DIS 0.27 | Peers 0.73 | |||||||||||||||||||||
Premium. A higher price-to-projected earnings ratio than its peers can signify a more expensive stock or higher future growth expectations. DIS is trading at a significant premium to its peers. |
Discount. 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. DIS trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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DIS 2.04 | Peers 5.70 | DIS -10.99 | Peers 37.80 | |||||||||||||||||||||
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. DIS is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, DIS is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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DIS 2.31 | Peers 3.80 | DIS 4.09 | Peers 3.92 | |||||||||||||||||||||
Discount. 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. DIS is trading at a significant discount to its subsector on this measurement. |
Average. Comparing a company's sales growth to its subsector helps to determine if the company is adding or losing market share. DIS is keeping pace with its peers on the basis of sales growth. |
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