Stock Analysis on Net

Walt Disney Co. (NYSE:DIS)

Common Stock Valuation Ratios (Price Multiples) 

Microsoft Excel LibreOffice Calc

Current Valuation Ratios

Walt Disney Co., current price multiples

Microsoft Excel LibreOffice Calc
Walt Disney Co. Alphabet Inc. Charter Communications Inc. Comcast Corp. Meta Platforms Inc. Netflix Inc. Twitter Inc. Media & Entertainment Communication Services
Selected Financial Data
Current share price (P) $104.30
No. shares of common stock outstanding 1,821,483,742
Growth rate (g) 8.99%
 
Earnings per share (EPS) $1.10
Next year expected EPS $1.19
Operating profit per share $1.65
Sales per share $37.01
Book value per share (BVPS) $48.62
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 95.23 19.47 16.93 13.33 13.21 15.39 18.18 16.51
Price to next year expected earnings 87.37 16.66 14.50 11.79 10.64 12.18 15.56 14.61
Price-earnings-growth (PEG) 10.59 1.16 1.01 1.02 0.55 0.58 1.08 1.27
Price to operating profit (P/OP) 63.22 18.81 7.49 9.07 11.13 12.71 15.50 13.46
Price to sales (P/S) 2.82 5.75 1.52 1.62 4.41 2.65 5.55 3.97 2.99
Price to book value (P/BV) 2.15 5.88 5.61 1.96 4.17 4.97 3.85 4.29 3.36

Based on: 10-K (reporting date: 2021-10-02).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

Walt Disney Co., historical price multiples

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
Price to earnings (P/E) 137.89 23.96 13.36 17.28 16.65
Price to operating profit (P/OP) 91.54 24.82 11.37 11.26 11.01
Price to sales (P/S) 4.08 4.13 3.81 2.83 2.81 2.81
Price to book value (P/BV) 3.11 3.23 2.98 3.45 3.76 3.61

Based on: 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01).

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Walt Disney Co. P/S ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Walt Disney Co. P/BV ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Price to Earnings (P/E)

Walt Disney Co., historical P/E calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
No. shares of common stock outstanding1 1,817,655,948 1,810,485,037 1,802,398,289 1,488,670,964 1,510,312,194 1,591,460,982
Selected Financial Data (US$)
Net income (loss) attributable to The Walt Disney Company (Disney) (in millions) 1,995  (2,864) 11,054  12,598  8,980  9,391 
Earnings per share (EPS)2 1.10 -1.58 6.13 8.46 5.95 5.90
Share price1, 3 151.34 149.09 146.93 113.03 102.74 98.26
Valuation Ratio
P/E ratio4 137.89 23.96 13.36 17.28 16.65
Benchmarks
P/E Ratio, Competitors5
Alphabet Inc. 25.74 34.65 28.96 25.92 59.34
Charter Communications Inc. 21.92 36.53 65.14 60.65 9.34
Comcast Corp. 16.01 22.37 15.39 14.11 8.70
Meta Platforms Inc. 16.44 25.89 32.31 21.51 35.20
Netflix Inc. 33.56 86.39 80.66 118.55 220.95
Twitter Inc. 20.69 19.57
P/E Ratio, Sector
Media & Entertainment 24.16 37.46 28.65 22.86 26.98
P/E Ratio, Industry
Communication Services 21.28 37.52 24.76 19.89 17.66

Based on: 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
EPS = Net income (loss) attributable to The Walt Disney Company (Disney) ÷ No. shares of common stock outstanding
= 1,995,000,000 ÷ 1,817,655,948 = 1.10

3 Closing price as at the filing date of Walt Disney Co. Annual Report.

4 2021 Calculation
P/E ratio = Share price ÷ EPS
= 151.34 ÷ 1.10 = 137.89

5 Click competitor name to see calculations.


Price to Operating Profit (P/OP)

Walt Disney Co., historical P/OP calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
No. shares of common stock outstanding1 1,817,655,948 1,810,485,037 1,802,398,289 1,488,670,964 1,510,312,194 1,591,460,982
Selected Financial Data (US$)
Operating income (loss) (in millions) 3,005  (1,941) 10,668  14,804  13,775  14,202 
Operating profit per share2 1.65 -1.07 5.92 9.94 9.12 8.92
Share price1, 3 151.34 149.09 146.93 113.03 102.74 98.26
Valuation Ratio
P/OP ratio4 91.54 24.82 11.37 11.26 11.01
Benchmarks
P/OP Ratio, Competitors5
Alphabet Inc. 24.86 33.85 29.05 30.27 28.74
Charter Communications Inc. 9.69 14.00 16.69 14.29 22.51
Comcast Corp. 10.89 13.47 9.51 8.71 10.98
Meta Platforms Inc. 13.84 23.10 24.90 19.10 27.76
Netflix Inc. 27.71 52.02 57.82 89.46 147.25
Twitter Inc. 2,149.42 82.78 52.03 633.05
P/OP Ratio, Sector
Media & Entertainment 20.59 29.95 23.59 20.02 22.93
P/OP Ratio, Industry
Communication Services 17.35 25.33 17.95 16.15 17.44

Based on: 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Operating profit per share = Operating income (loss) ÷ No. shares of common stock outstanding
= 3,005,000,000 ÷ 1,817,655,948 = 1.65

3 Closing price as at the filing date of Walt Disney Co. Annual Report.

4 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 151.34 ÷ 1.65 = 91.54

5 Click competitor name to see calculations.


Price to Sales (P/S)

Walt Disney Co., historical P/S calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
No. shares of common stock outstanding1 1,817,655,948 1,810,485,037 1,802,398,289 1,488,670,964 1,510,312,194 1,591,460,982
Selected Financial Data (US$)
Revenues (in millions) 67,418  65,388  69,570  59,434  55,137  55,632 
Sales per share2 37.09 36.12 38.60 39.92 36.51 34.96
Share price1, 3 151.34 149.09 146.93 113.03 102.74 98.26
Valuation Ratio
P/S ratio4 4.08 4.13 3.81 2.83 2.81 2.81
Benchmarks
P/S Ratio, Competitors5
Alphabet Inc. 7.60 7.65 6.14 5.82 6.78
Charter Communications Inc. 1.97 2.45 2.37 1.71 2.22
Comcast Corp. 1.95 2.28 1.84 1.75 2.34
Meta Platforms Inc. 5.49 8.78 8.45 8.52 13.80
Netflix Inc. 5.78 9.54 7.47 9.09 10.56
Twitter Inc. 5.71 15.42 8.77 7.75 10.04
P/S Ratio, Sector
Media & Entertainment 5.28 5.97 4.89 4.52 5.49
P/S Ratio, Industry
Communication Services 3.85 4.14 3.50 3.13 3.53

Based on: 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
Sales per share = Revenues ÷ No. shares of common stock outstanding
= 67,418,000,000 ÷ 1,817,655,948 = 37.09

3 Closing price as at the filing date of Walt Disney Co. Annual Report.

4 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 151.34 ÷ 37.09 = 4.08

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Walt Disney Co. P/S ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Price to Book Value (P/BV)

Walt Disney Co., historical P/BV calculation, comparison to benchmarks

Microsoft Excel LibreOffice Calc
Oct 2, 2021 Oct 3, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Oct 1, 2016
No. shares of common stock outstanding1 1,817,655,948 1,810,485,037 1,802,398,289 1,488,670,964 1,510,312,194 1,591,460,982
Selected Financial Data (US$)
Total Disney Shareholder’s equity (in millions) 88,553  83,583  88,877  48,773  41,315  43,265 
Book value per share (BVPS)2 48.72 46.17 49.31 32.76 27.36 27.19
Share price1, 3 151.34 149.09 146.93 113.03 102.74 98.26
Valuation Ratio
P/BV ratio4 3.11 3.23 2.98 3.45 3.76 3.61
Benchmarks
P/BV Ratio, Competitors5
Alphabet Inc. 7.78 6.27 4.94 4.49 4.93
Charter Communications Inc. 7.26 4.94 3.46 2.06 2.36
Comcast Corp. 2.36 2.61 2.43 2.31 2.88
Meta Platforms Inc. 5.18 5.88 5.91 5.65 7.54
Netflix Inc. 10.83 21.56 19.86 27.41 34.48
Twitter Inc. 3.97 7.19 3.48 3.47 4.86
P/BV Ratio, Sector
Media & Entertainment 5.70 5.41 4.50 4.29 4.96
P/BV Ratio, Industry
Communication Services 4.32 4.24 3.69 3.41 4.02

Based on: 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01).

1 Data adjusted for splits and stock dividends.

2 2021 Calculation
BVPS = Total Disney Shareholder’s equity ÷ No. shares of common stock outstanding
= 88,553,000,000 ÷ 1,817,655,948 = 48.72

3 Closing price as at the filing date of Walt Disney Co. Annual Report.

4 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 151.34 ÷ 48.72 = 3.11

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Walt Disney Co. P/BV ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.