Please leave us your contact details so we can reach out to you as soon as we can.
DIS – Market expectations are for Uniform ROA to remain stable at current levels, and management is confident in Marvel, their digital properties, and their Parks business
June 18, 2018
The Walt Disney Company (DIS:USA) currently trades below recent averages relative to UAFRS-based (Uniform) Earnings, with a 17.7x Uniform P/E. However, even at these levels, the market has fairly bullish expectations for the firm, and management is confident in Marvel, their digital properties, and their Parks business
Specifically, management is confident that the 19 Marvel movies have an average box office of $845mn per film, and that neither ESPN+ nor their Disney properties are dependent on the Fox acquisition, although both stand to benefit. Additionally, they are confident that higher rates partially offset the decrease in advertising revenue as a result of fewer network impressions, and in the expansion of their Parks business, particularly with regards to Toy Story Land