Google The last time the stock was close to that value was around June of 2020, at which point the stock was trading at $109.10. It's fine-tuning this formula for the streaming era, and the 10 films coming to theaters this year may make 2023 a blockbuster year for Disney. That makes Disney one of the worst . Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. It only grossed roughly $156 million through late June, below its $200 million budget. Dow Jones Falls; Nextracker IPO Pops 50%; Waitlist For Microsoft's Web Transforming AI Grows As GOOGL Market Cap Crashes $173 Bil, Disney Earnings Top, Disney+ Subscribers Fall; Iger Cuts 7,000 Jobs; Peltz Ends Proxy Battle, Stock Market Hits Brick Wall; DraftKings Makes Leaders List, Dow Jones Rallies 250 Points After Jobless Claims; Disney Surges On Earnings. I am not receiving compensation for it (other than from Seeking Alpha). BREAKING: Salesforce Soars Late, Tesla Doesn't Unveil New EV. The company's name was taken from Shakespeare, whose wise fools both instructed and amused, and could speak the truth to the king -- without getting their heads lopped off. Disneys earnings are likely to rebound strongly this year, driven primarily by the recovery in its lucrative theme park business. Disney is currently faced with the question of whether these changes can be made before conditions change again, and how far should the changes go? But the market is making the mistake of extrapolating one quarter's growth way out into the future. The return of a dividend is a positive sign as it illustrates the company's financial confidence. Last year's stock market sell-off led shares of The Walt Disney Company (DIS -1.07%) to plunge 44% over 12 months. Our priority is the enduring growth and profitability of our streaming business. It's no surprise that you'll hear varying opinions about the company's prospects and whether or not you should buy its stock. It accounts for six of the 20 highest-grossing movies ever, and it generated 21% of all domestic ticket sales in 2020 and 2021. Consider Disney's 2022 film slate versus its competitors. Learn More. But we are not going to abandon the linear or the traditional platforms while they can still be a benefit to us and our shareholders.. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. The reopening of Walt Disney's (DIS -1.07%) theme parks and growth from its three streaming services (Disney+, Hulu, ESPN+) wasn't enough to push the stock higher in 2021. In the sites Disney stock forecast for 2023, losed Joint Stock Company FinTech Solutions, Disney stock analysis and historical performance, What happened to Disney stock? That's in addition to streaming content and other products. Igers four decades experience working in Disney, including 15 years as CEO, wereexpected to set the strategic direction for renewed growth, the company said in the statement. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. At the time, Iger said he would stay on until the end of 2021 as executive chairman and direct the company's creative endeavors. Adding all this up, the Disney+ service is clearly being undervalued by the market right now. The company wants a shake-up and a change of direction, and Bob Iger, who led the House of Mouse for 15 years, is clearly considered to be the best character for the job to throw a sparkle of magic back over the business, wrote Streeter of Hargreaves Lansdown. Disney is much more than Marvel. (read more). *Average returns of all recommendations since inception. -2.08%. Overwhelmingly, 65.4% of Benzinga traders and investors said Disney would indeed reach $250 per share by 2022. If Disney decides to reinstate its dividend, it may have a minimal impact on shareholder value. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. However, if you're looking for a stock to hold for many years, Disney is an excellent option after a sell-off. |. The information and content are subject to change without notice. Disney reported a stronger than expected set of Q3 2022 results on Wednesday, sending the stock up by about 8% in pre-market trading on Thursday. on Q1:2023 conference call on 2/8/2023. As Netflix (NFLX -2.69%) has demonstrated over the last 10 years, content releases lead to subscriber growth. Highlights along the way included Disney's first sound film, "Steamboat Willie," in 1928, its first feature-length animated film, "Snow white and the Seven Dwarfs" in 1937, and a foray into television in 1950. Furthermore, Disney paid $900m for Major League Baseballs remaining 15% stake in the streaming company BAMTech (MLB), according to a SEC filing on, and was 1.5% below the pre-pandemic price of $99.40 on 16 October 2017,according to, In addition, rising US inflation started to bite into household spending around the time when streaming services, including Netflix, raised their subscription fees. ESPN remains the premier domestic sports television network due to its extensive sports programming. Stronger revenue from Disneys Parks & Experiences segment helped to cushion losses from the DTC. Disney is nearly doubling its content releases from top brands like "Star Wars" in fiscal 2022. However, the streaming business remains cash-intensive with Disney ramping up content spending by $8 billion this year to support its Direct to consumer offering, while projecting that the business will only be profitable in 2024. Marvel Studios and Lucasfilm have continuously produced some of the worlds highest-grossing movies through franchises such as the Marvel Cinematic Universe and Star Wars series. While Covid-19 restrictions have limited its themeparkoperations, Macker believed the segment will rebound after capacity restrictions are lifted, partly because families still view the parks as prime vacation destinations. Is this happening to you frequently? Analysts can be wrong and theirDisney share price forecasts shouldnt be used as a substitute for your own research. I am not receiving compensation for it (other than from Seeking Alpha). GERMANY - 2022/05/30: In this photo illustration, a Disney logo seen displayed on a tablet. Yield investors in Disney now have more choices for income than just Disney stock. The stock trades at about 25x consensus 2022 earnings and about 19x consensus 2023 earnings and things should only get better as streaming eventually contributes to Disney's bottom line. However, recent reports state Bob Iger has asked the board to reinstate the dividend by the end of 2023. Learn all the ways IBDs top investing tools can help you succeed in the market! All rights reserved. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images). Disneys stock price gained 31.9% during 2019, compared to around a 2% increase in 2018. Making the world smarter, happier, and richer. While revenue rose 26% year-over-year to. Stock Market Falls Ahead Of Inflation Report; Just A Bullish Pause? Since then, Disney cleared several buy points en route to a March 8 record high last year. The Motley Fool has a disclosure policy. financial performance of Disney, which is cyclical. And reopening movie theaters are boosting prospects for box-office sales. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21. Since my return, I have drilled down into every facet of the streaming business to determine how to achieve both profitability and growth.. In a move worthy of an Oscar, Iger directed the acquisition of Marvel Studios in 2009 for $4 billion. Putting Disneys stock price in the $15 territory, a long way from a previous all time stock price high around $43. Invest better with The Motley Fool. Read on to find out. Macker also expected Disneys animated franchises across multiple platforms from movies, home videos, to musicals to continue to grow as more popular movies get released by the animated studio and Pixar. Susannah Streeter, Hargreaves Lansdowns senior investment and markets analyst, said that while Disneys subscribers growth has been impressive, the revenue growth rate was expected to start slowing. (Author's comments in January 2023. While the decline was substantial, the entertainment company actually fared better than its biggest competitors, Netflix and Warner Bros. *Stock Advisor returns as of February 8, 2023. The firm expects to see 240M to 260M subs just for Disney Plus by. Walt Disney's (DIS) theme parks are bustling again following a long slow period during the pandemic. These are planned for release over the next few years. Growth followed, with Disney adding 12.4 million subscribers in the third quarter ending July 3. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. It is also a constituent of the S&P 500 index (US500). Moves like prioritizing quality over quantity by retaining members with a few select shows could go a long way in improving profit margins. If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. This overvaluation may be due to investors' confidence that growth will increase following Iger's restructuring efforts. According to the current price, Walt Disney is 67.20% away from the 52-week high. The following catalysts were responsible for the increase in Disney's stock price from the date of my sell rating until 2/9/2023: On 1/11/2023, Disney announced the appointment of board member Mark Parker, who is also Nike's executive chairman, as the new chairman of the board. However, Disneys CFO Christine McCarthy said Disney+ Core subscribers were expected to only increase slightly in Q1 2022/2023 before accelerating in the next quarter. IBD Stock Checkup assigns Disney a 52 Composite Rating, which combines key fundamental and technical metrics in a single score. Its like 60-years-old or around, estimating on ABC and then the 30s on Hulu. Disney CEO Bob Chapek mentioned that the company has over 340 local original titles in various stages of development and production across its direct-to-consumer platforms, which would include Hulu and ESPN+. Formerly with Fidelity Investments, Dean Witter Investment Management, Citibank - Amsterdam, Eli Lilly - Brussels, Thomson Financial (aka Thomson Reuters), NYC gov., and Apple, Inc. Graduate of Baruch College CUNY, NYU College of Arts and Sciences, and Erasmus University (Rotterdam School of Management) in that order. The company reports fiscal fourth-quarter results in November. It's been a wild ride on Wall Street since early 2020, as the stock market fell into a bear amid the coronavirus crash. It earns the largest affiliate fees per subscriber of any cable channel and generates cash from advertisers looking to reach adult males aged 18 to 49, a critical demographic. The history of the company started when brothers Walt and Roy founded the Disney Brothers Cartoon Studio on 16 October 1923, following Walts success in selling his first pilot cartoon film series,Alice Comedies. 86% of retail CFD accounts lose money, Analysts Have Strong Buys on These 2 Beaten-Down Stocks. Disney Entertainment: entertainment media and content businesses globally, including streaming. Invest better with The Motley Fool. Disney is releasing seven other films outside of the MCU in 2023. During the Q4 earnings call in November, Disney CFO Christine McCarthy reminded investors that they don't expect "[subscriber] growth will necessarily be linear from quarter-to-quarter." The investment case for Disney hinges on the growth of Disney+, so it's understandable for the stock to trade in line with the rate of subscriber growth, but the market overreacted to Disney's results last quarter. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The Walt Disney Company (DIS) Stock Historical Prices & Data - Yahoo Finance U.S. Markets closed S&P Futures +2.25(+0.06%) Dow Futures 32,830.00 +4.00(+0.01%) Nasdaq Futures 12,015.75. Disney has also seen a public relations crisis of sorts relating to its handling of Floridas controversial Parental Rights in Education legislation, which has, in turn, made Florida lawmakers pass legislation that would strip Disney of self-governing status in the state from next year. The majority of retail investor accounts lose money when trading CFDs. Jennifer Saibil for *The average price target includes all analyst analysis, not just the most recent analysis presented in the chart. Despite strong first-quarter results, Wall Street analysts have very different views on varying parts of the . Market participants seem to have extrapolated one quarter's growth out into the future, which doesn't make any sense. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. After breaking out from a flat base and rising to record highs in November 2019, Disney stock tumbled more than 40% during the coronavirus market crash. It's on a promising growth path and is home to franchises that will likely take its streaming venture far. . The Walt Disney Company ( DIS -1.07%) is the subject of a wide range of opinions. The top 2022 film, Avatar: The Way of Water, was released by Disney's 20th Century Studios, which it acquired in 2019, also under Iger's magnificent direction. Disney has grown its revenue and operating income steadily since 2020 despite various headwinds. However, as the pandemic progressed to a more manageable stage, with Covid-19 restrictions being gradually lifted in line with rising vaccine roll-out, the streaming boom started to fade and Disneys stock subsequently has given up its gains. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Type a symbol or company name. The reopening of economies and activities around the world has slowed demand for streaming services, as employees and children have either fully or partially returned to offices and schools. Wall Street analysts do not provide long-term Disney share price projections. Tim Allen-free "Lightyear" fails at the box office Last summer , Disney released "Lightyear," the newest film in the "Toy . Its like 60-years-old or around, estimating on ABC and then the 30s on, ( https://www.streetinsider.com/dividend_history.php?q=DIS), (Yahoo Finance: Disney Relative Valuation 2/27/2023). Netflix (NFLX) is facing increased global competition in the streaming wars has recently cut pricing in over 100 markets worldwide as of February 24, 2023. Data source: IMDB. This isnt going down well with investors, who are increasingly focusing on cash flows as interest rates rise. Dividend). Stock prices have fallen precipitously across sectors over recent months and we are now in a bear market for the first time since March 2020, when the Covid-19 outbreak triggered a market crash. But given Netflix's operating margin of 23.5%,Disney+ should be a major contributor to Disney's bottom line. The recent rally, though, shows promise. On the business side, Morningstars maintained its view that the firms direct-to-consumers products, such as Disney+, Hotstar, Hulu, and ESPN+ are set to be the drivers of its long-term growth. In the surprise boardroom shuffle, Iger will serve as Disneys CEO for two years. *Real-time prices by Nasdaq Last Sale. During the earnings conference call, Iger implied that he would not sell Hulu. There were two more 2 for 1 stock splits shortly after in 1977 and 1973. A second location in Orlando, Fla., was announced in 1965. The name was changed to The Walt Disney Studio at Roys suggestion. have dropped nearly 15% so far in 2022. On the retail operation, the company sells Disney, Marvel, Pixar and Lucasfilm-branded products through retail stores and internet sites globally. If it . Disney Dividend History ( https://www.streetinsider.com/dividend_history.php?q=DIS). The creators know audiences love and wait for this content. These numbers point toward Wall Street being in the claws of a . Disney stock has seen a major sell-off this year, declining by almost 37% year-to-date, considerably underperforming the S&P 500 which remains down by 19% over the same period. There are 1.82 billion Disney shares outstanding, which places the stocks total value at $174.30bn as of 30 November 2022, according to Companiesmarketcap. In the fourth quarter of 2022, Parks & Experiences booked revenue of $7.42bn, jumping 36% from the year-ago period of $5.45bn. Media and . Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. Disney is taking a page out of Netflix's playbook. The media giant ranks 14th in the 20-stock Media-Diversified group, based on that rating. See our analysis of Disney valuation for more information on whats driving our price estimate for Disney and how its valuation compares with peers. Theme parks have been propping up the business, and they are clearly highly resilient assets, but there will also be concerns that as a cost-of-living crisis wages in key markets, it could see ticket sales or merchandise revenue weaken, Streeter wrote in a note on 21 November. Ticket sales are a central element in recovering costs for expensive content, and in sending the right films to theaters to add to profitability without cutting into streaming efforts. Disney is facing mounting pressure from its streaming business. The company easily beat Wall Street targets for fiscal third-quarter earnings, revenue and subscribers. Disney was also given the authority, which it never exercised, to build a nuclear power plant and an . Its "Lightyear" film opened to disappointing results. The Disney stock price targets ranged from a low of $94 to the high of $185. And he has the headache with Florida to deal with. Bear in mind that past performance does not guarantee future results, and never invest or trade money that you cannot afford. The reopening of Walt Disney 's ( DIS -1.41%) theme parks and growth from its three streaming services (Disney+, Hulu, ESPN+). Image source: Walt Disney. And no, 2022 wasn't an exceptional year. Disney doubled down on its commitment to Disney+ becoming profitable by the end of 2024. The CEO said his plan to cut costs by $5.5 billion will allow the company to start with a "modest" dividend and increase it over time. This was a remarkable jump from the earnings of the same quarter in the previous year that came in at $0.32. Here's why the stock should bounce back in 2022. Although shares are down almost 16% from a year ago and 13% since the beginning of 2022, they've rallied over the past month and, as of the market close on Feb. 15, had regained their January loss. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney and short January 2024 $155 calls on Walt Disney. The next stock split happened over a decade later in March 1986 when a 4 for 1 stock split took place. Is it profitable to invest in Walt Disney Co (The) stock? CEO Bob Iger's epic return to the top spot signaled confidence on Wall Street because he developed the playbook for Disney's well-oiled money-making machine. The stock currently trades at just over 20 times Disney's peak earnings in fiscal 2018. It found a bottom on March 18, 2020, before making its way back to fresh highs. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. This will be Igers third transformation. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. Disneys content investments are also likely to be much more durable, given its iconic franchises, unlike Netflix which focuses a lot more on one-off shows. The list includes 21st Century Fox, Marvel Studios, Lucasfilm, Pixar and Blue Sky Studios. Investors should consider buying Disney stock if they are willing to wait for two years and carefully consider their opportunity costs and potential yields in other instruments. DIS . Jennifer Saibil has positions in Walt Disney. The new "Star Wars" original series releases Dec. 29 on Disney+. ESPN: ESPN Networks, ESPN+, and international sports channels. The stock also remains down by almost 50% from highs seen in 2021. A closer look at its segments reveals that revenue from Disney Media and Entertainment Distribution fell 3% year-over-year (YoY) to $12.72bn in the fourth quarter of2022 owing to widening losses for Direct-to-Consumer (DTC) and Content Sales/Licensing. The earnings number also surpassed the . Disney Parks, Experiences, and Products: theme parks, resort destinations, and cruise line, Disney's consumer products, games, and publishing businesses. The score provides a forward-looking, one-year measure of credit And that compounds the problem of real-world inflation for Disney, which said it spent $3.6 billion on capital expenditures in the past fiscal year and will increase that by $2.5 billion in 2022 . Build a CFD portfolio with your favourite companies. Netflix's stock has . We value Disney stock at about $150 per share, which is roughly 50% ahead of the current market price. As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. NFLX That legislation gave Disney taxing power over the 25,000 acres it had bought up so it could build roads, power plants, and water and sewage systems, using money it collected from itself through property taxes within the district boundaries. Consumer Products operations consist of licensing and retail. Do Not Sell My Personal Information (CA Residents Only). Guidance still points to the service reaching profitability by fiscal 2024. Capital Com Online Investments Ltd is a limited liability company with company number 209236B. The entertainment company, which will celebrate its centennial anniversary in 2023, is facing headwinds such as fourth-quarter earnings that fell short of analysts' expectations and a looming recession, which may lead toconsumers cutting down on non-essential spending such as entertainment costs. The landscape looks a lot different these days, but some things never change, such as James Cameron's stunning ability to create incredible sales-generating films, and Disney's ability to find people like him and churn out new hits from reliable franchises. All these stock splits work out as 1 share purchased at IPO being the worth 384 shares today. But it needs to find a balance between streaming and in-person revenue. Discovery. Its expected to turn a profit in 2024. The Walt Disney Co. is a diversified international family entertainment and media enterprise. We value Disney stock at about $190 per share, which is roughly 70% ahead of the current market price. *Average returns of all recommendations since inception. We are not in any way stepping away from streaming. Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. We were not perceived to be as accessible or as affordable to many segments as we probably should have been." Source: FactSet. And the gains are not over yet. Remember that markets are volatile, and that past performance cannot guarantee future results. Updated daily, it takes into Despite the recent concerns in the streaming industry, we think Disney stock looks like a buy for a couple of reasons. The major market events for the week ahead right in your inbox. This announcement could be a catalyst for the DIS stock to find a new direction, with the possibility of it being the single most significant factor impacting the stock price in the next 18 months. Revenue) or per share (e.g. Disney was hit by residual pandemic headwinds and a tough economy. It's a new calendar year for Walt Disney (NYSE: DIS) investors, and so far, 2023 looks pretty good. 2009 was a tough year for Disney and the market as a whole. Here are some of the many problems Disney has endured in 2022 and 2023. The relative strength line, which compares a stock's performance to the S&P 500, keeps heading sharply lower and hasn't found a solid bottom. Disney trades at $169.30 as of publishing, off the 52-week low of $79.07. Google Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. It had been sinking in the year since, but most recently moved below its 50-day moving average. Disney stock predictions: Can Iger bring back Disneys magic? In addition, Disney announced solid earnings, with an increase in revenue and beating EPS estimates for the fiscal Q1:2023. The Motley Fool owns and recommends Netflix and Walt Disney. With our expectation that peak losses are now behind us, DTC operating results should improve going forward as we lay the foundation for a sustainably profitable business model, McCarthy said. Let's assess. In the sites Disney stock forecast for 2023, Wallet Investor projected the stock to trade at $108.72 in December 2023. DIS stock closed at $100.45 on 2/27/2023 on the day of writing. Disney Parks, Experiences and Products segment sales jumped 70% to $7.4 billion in Q3. The stock is now more than 35% off its 52-week high, according to IBD MarketSmith chart analysis. The median . Iger has already answered the second question by tweaking the internal structure and organizing Disney into three core business segments as follows: Iger has no plans to sell ESPN and should not sell Hulu. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. John Ballard owns Netflix and Walt Disney. The stock trades at about 27x consensus 2022 earnings and a little over 20x ZRX 2023 earnings. Since reaching an all-time high closing price in March 2021. Wait for the stock to rise above its 200 day moving average of 128.25 before getting too bullish. DIS is relatively overvalued on two common measures compared to its competitors. Capital Com Online Investments Ltd is a Company registered in the Commonwealth of The Bahamas and authorised by the Securities Commission of The Bahamas with license number SIA-F245. Last year's stock market sell-off led shares of The Walt Disney Company ( DIS 0.15%) to plunge 44% . Disney should not divest Hulu because Iger himself has said that Hulu ensures coverage of different age groups and broadens the market for its streaming services. Find the latest The Walt Disney Company (DIS) stock quote, history, news and other vital information to help you with your stock trading and investing. McCarthy is implying that subscription growth should follow the timing of new content releases. Chart by author. The first memo Iger sent out in his smashing return to the CEO role centered around giving Disney's creatives more control in the distribution process. Ahead of Inflation Report ; just a Bullish Pause cash flows as interest rates rise addition to streaming content other. Growth should follow the timing of new content releases lead to subscriber growth streaming business to determine how to both! 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