# The Walt Disney Company (DIS) — Stock CV

The Walt Disney Company is a $187B consumer company. Revenue grew 4.6% over the last year, it keeps 9¢ of every dollar of sales as profit, and its net debt equals ~3.6 years of free cash flow. It trades at 21.7× earnings — in the cheapest third of its own history.

> Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from the firm's ownership of iconic franchises and characters.

## Identity

- **Ticker**: DIS
- **Sector**: Consumer Cyclical
- **Industry**: Services-Miscellaneous Amusement & Recreation
- **Headquarters**: BURBANK, CA
- **Employees**: 231 000
- **Website**: https://www.thewaltdisneycompany.com
- **Market cap**: $187B
- **Last price**: $108.01
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $98.9B
- **Net income**: $8.60B
- **Free cash flow**: $8.29B
- **Net debt**: $29.6B
- **P/E**: 21.7
- **Revenue growth (YoY)**: 4.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 77 |
| Growth | 62 |
| Profitability | 42 |
| Health | 61 |
| Quality | 92 |
| Moat | 43 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +4.6% YoY
- [x] Profitable — $8.60B TTM
- [x] Profit growing — +58.5% YoY
- [x] Generates cash — $8.29B TTM
- [x] Debt under control — ~3.6y of cash flow to repay
- [x] Established company — $187B market cap
- [x] Not printing shares — +0.2% shares over ~5y
- [x] Proven track record — 6/7 profitable years
- [x] Financially stable — Altman Z 2.3 — grey
- [x] Pays a dividend — yield 1.20%
- [x] Valuation not extreme — P/E 21.7

## Experience (career milestones)

- **FY2025** — Best year on record: $12.4B net income
- **Nov 12, 2019** — Disney+ launches: 10M subscribers on day one
- **FY2019** — First recorded profitable year: $11.1B net income
- **FY2019** — Revenue already above $50B: $69.6B in first reported year
- **FY2019** — Positive free cash flow every year since: 7-year streak
- **Mar 20, 2019** — Acquired 21st Century Fox: $71.3B reshaping Hollywood
- **Dec 31, 2009** — Acquired Marvel: $4B for a universe of characters
- **May 5, 2006** — Acquired Pixar: $7.4B — put Bob Iger's franchise strategy in motion
- **2003** — Disney became the first studio to garner $3 billion in a year at the box office
- **1995** — Disney announced the $19 billion acquisition of television network Capital Cities/ABC Inc
- **Jul 9, 1982** — Disney released Tron, one of the first films to extensively use computer-generated imagery (CGI)
- **1973** — In November, Disney released the animated film Robin Hood (1973)
- **Nov 12, 1957** — Listed on NYSE: public since 1940, joined the big board
- **Jul 17, 1955** — Disneyland opens: the theme-park business is invented
- **1940** — The company's third feature Fantasia (1940) introduced groundbreaking advancements in cinema technology, chiefly…
- **Dec 21, 1937** — Snow White: the first full-length animated feature — a gamble that paid off
- **Nov 18, 1928** — Steamboat Willie: Mickey Mouse debuts in the first sound cartoon
- **Oct 16, 1923** — Disney Brothers Studio: Walt and Roy Disney arrive in Hollywood

## Strengths

- Interest covered 10.4× by operating earnings
- Piotroski F-Score 8/9 — fundamentally strong checklist

## Watch-outs

- Loss-making in 1 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $67.4B | $2.00B | $1.99B |
| FY2022 | $82.7B | $3.15B | $1.06B |
| FY2023 | $88.9B | $2.35B | $4.90B |
| FY2024 | $91.4B | $4.97B | $8.56B |
| FY2025 | $94.4B | $12.4B | $10.1B |

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Source: https://stockcv.com/DIS — derived from company filings; may be delayed or incomplete. Information, not investment advice.