DIS – Market expectations are for Uniform ROA to decline, but management is excited about movie and TV show releases, and confident in Marvel and content retrieval
June 4, 2019
The Walt Disney Company (DIS:USA) currently trades near historical averages relative to UAFRS-based (Uniform) Earnings, with a 19.4x Uniform P/E. At these levels, the market has bearish expectations for the firm, but management is excited about Avengers: Endgame and Jessica Jones, and is confident in the interest surrounding Marvel movies and their ability to retrieve content from Netflix
Specifically, management generated excitement markers when talking about the success of Avengers: Endgame and the gains from their sale of season 3 of Jessica Jones. Moreover, they are confident in the interest surrounding new Marvel movies and their ability to retrieve licensed content from Netflix.