Realtime quote and/or trade prices are not sourced from all markets. Remember, Disney previously announced 10 original series each from Marvel and Star Wars, along with 30 live-action shows from Disney animation and Pixar over the next few years. According to data compiled by MarketBeat as of 1December2022, the consensus average analyst price target for the coming 12-month periodwas $132.07. This overvaluation may be due to investors' confidence that growth will increase following Iger's restructuring efforts. Create your Watchlist to save your favorite quotes on Nasdaq.com. 10 stocks we like better than Walt DisneyWhen our award-winning analyst team has a stock tip, it can pay to listen. *Average returns of all recommendations since inception. McCarthy is implying that subscription growth should follow the timing of new content releases. Privacy Policy & Terms of Use. . The services algorithm-driven forecasting system said the stock is an acceptable long-term investment. Find real-time DIS - Walt Disney Co stock quotes, company profile, news and forecasts from CNN Business. The demographic difference in age is tremendous. Moves like prioritizing quality over quantity by retaining members with a few select shows could go a long way in improving profit margins. Subscribers of Disney+ Hotstar were projected to decline in the first quarter2022/2023 after it lost rights to air the Indian Premier League (IPL) cricket games. Throughout its near century-long history, Disney has grown into a multi-billion-dollar business, famous for its flagship family-oriented brands. 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 Disneys bottom line. ). However, recent reports state Bob Iger has asked the board to reinstate the dividend by the end of 2023. If you had invested $1,000 in Disney's IPO your stock today would be worth over 3 million dollars today. Wall Street analysts do not provide long-term Disney share price projections. * Average Estimates in Million (e.g. Disney doubled down on its commitment to Disney+ becoming profitable by the end of 2024. Disney announced a restructuring plan, which could potentially result in cost savings of $5.5 billion, and the company also announced the termination of 7,000 jobs. The score provides a forward-looking, one-year measure of credit Updated daily, it takes into Moreover, Chapek's background at Disney suggests investors should look forward to margin increases across the business over time. Localized content can drive worldwide subscriber growth. These numbers point toward Wall Street being in the claws of a . When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. It's a new calendar year for Walt Disney (NYSE: DIS) investors, and so far, 2023 looks pretty good. The stock hit an all-time high closing price of $201 on 8 March 2021, after California announced it would allow ballparks, stadia and theme parks to reopen for outdoor activities starting 1 April 2021. 3 Dates for Disney Stock Investors to Circle in March, Disney Can't Make a Multiplex Mountain Out of an Ant Hill, This Could Be a Reason Disney Stock Soars This Year, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, This State Has the Highest Real Estate Taxes (and It's Not Even Close), Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. However, Disney's recent success with Avatar: The Way of Water could mean audiences are truly back. *Average returns of all recommendations since inception. DMED covers global film and episodic television content production and distribution activities. Authors may own the stocks they discuss. The stock currently trades at just over 20 times Disney's peak earnings in fiscal 2018. I believe Hulu is a strategic fit and should not be sold. Since the corporate strategy is to continue focusing on streaming for sustainable profitability, Hulu is a valuable asset that supports this strategy. But Disney typically outperforms other media companies in ticket sales in any given year. 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. 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. On 12/29/2022, I gave a sell rating to Disney DIS at $87.18 based on this investment theme. In the earnings call on 8 November, CEO Bob Chapek said the company still expected to achieve profitability in fiscal 2024, with losses expected to decrease in the first quarter offiscal 2023 and no significant shifts in the economic environment. Disney has grown its revenue and operating income steadily since 2020 despite various headwinds. The stock also remains down by almost 50% from highs seen in 2021. . This isnt going down well with investors, who are increasingly focusing on cash flows as interest rates rise. Currently, DIS is trading at an EV-to-EBITDA multiple of 18.46, which is the highest among its peers. I am not receiving compensation for it (other than from Seeking Alpha). But slowing growth from Disney's marquee streaming service, Disney+, caused the shares to slump toward the end of the year. Management said that range will now be higher, as they ramp up spending on local and regional content. 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. That's right -- they think these 10 stocks are even better buys. 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? As of 1 December2022, analysts tracked by MarketBeat gave Disney stock a moderate buy rating. have dropped nearly 15% so far in 2022. Disneys flagship Disney+ - which was a big driver of Disney stock in recent years - saw subscriber additions hold up better than rivals, with the company adding 7.9 million subscribers over the last quarter, compared to Netflix "We are intent on reducing our debt," Iger said on 2/9/2023 during an interview on CNBC. Fourth-quarter revenue rose to $20.15bn from $18.53bn a year ago, but was 4.5% lower than consensus estimates polled by Zacks.com. 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 is trying to rally after underperforming since Covid struck and the company got into political hot water with Florida. Which outpaced the drop of many other non-tech stocks which fell about half the amount during that time. Studios, General Entertainment and Sports create the content. 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. It's on a promising growth path and is home to franchises that will likely take its streaming venture far. ESPN remains the premier domestic sports television network due to its extensive sports programming. Despite the recent concerns in the streaming industry, we think Disney stock looks like a buy for a couple of reasons. The Motley Fool->. DPEPs operations has two main business lines: Parks & Experiences and Consumer Products. The Walt Disney Co. is a diversified international family entertainment and media enterprise. There are several potential catalysts that could lead to higher share prices, including the announcement of a new CEO in the next 18-24 months (If the new CEO has the same credibility Iger has), potential growth in streaming by gaining market share, a rationalized pricing policy, cost cuts, the success of a new blockbuster show due to increased creativity, lower debt levels, keeping ESPN and buying the rest of Hulu, and, most importantly, having activist managers advising and standing behind Iger. 3 Dates for Disney Stock Investors to Circle in March, Disney Can't Make a Multiplex Mountain Out of an Ant Hill, This Could Be a Reason Disney Stock Soars This Year, Disney World to Loosen Reservation Regulations, 2 FAANG Stocks Billionaires Are Selling in Droves and 1 They Can't Stop Buying, 2 Growth Stocks That Can Turn $250,000 Into $1 Million by 2030, This State Has the Highest Real Estate Taxes (and It's Not Even Close), Disney still has a mountain to climb to get its flagship, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. 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. It's still recovering, but hit films are drawing in viewers. That's in addition to streaming content and other products. A month later, Disney stock price dropped below $30, which was a year to date low. On this note, Disney is nearly doubling the amount of original content from its top brands in fiscal 2022. Bear in mind that analyst views can be wrong, and that there are many factors that drive the companys stock price. Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016. 2009 was a tough year for Disney and the market as a whole. Disney+ added 14.4 million subscribers for a total of 152.1 million, above views. Learn all the ways IBDs top investing tools can help you succeed in the market! 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. Disney CEO Bob Iger (Iger, hereinafter) said, ".. but let me also address the pricing side. Yield investors in Disney now have more choices for income than just Disney stock. We. However, the CEO responsible for Disney's golden years, Bob Iger, is back at the helm and on a mission to make streaming profitable. Opinions expressed by Forbes Contributors are their own. Its like 60-years-old or around, estimating on ABC and then the 30s on Hulu. While the Covid-19 pandemic hit Disney with theme park closures and cancelled shows, the strong performance of its streaming services supported the companys performance. In other words, the majority of Disney's theater content is almost no-brainer efforts. Type a symbol or company name. See our analysis of Disney revenue for a closer look at the companys key revenue streams and how they have been trending. 86% of retail CFD accounts lose money, Analysts Have Strong Buys on These 2 Beaten-Down Stocks. Disney's revenue sources are divided into two streams. Disney stock soars after Bob Iger replaces Bob Chapek as CEO By Ariel Zilber and Alexandra Steigrad November 21, 2022 8:15am Updated Disney's stock price soared 10% after Bob Iger agreed. Disney stock predictions: Can Iger bring back Disneys magic? Disney Parks, Experiences, and Products: theme parks, resort destinations, and cruise line, Disney's consumer products, games, and publishing businesses. When looking for Disney stock projections, remember that analysts and algorithm-based predictions can be wrong, and shouldnt be used as a substitute for your own research. 3/01/2023 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. Wait for the stock to rise above its 200 day moving average of 128.25 before getting too bullish. 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. Disneys chief financial officer Christine McCarthy said during the earning call on8 Novemberthat she believed the losses in Direct-to-Consumer had peaked. Discovery . 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. account day-to-day movements in market value compared to a companys liability structure. We value Disney stock at about $150 per share, which is roughly 50% ahead of the current market price. It found a bottom on March 18, 2020, before making its way back to fresh highs. 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. Currently, Disney owns about 67% of Hulu. It's one of Pixar's only bombs. Disneys stock price dropped nearly 70% of its price value in the near 2 year period between late 2000 and late summer 2002. Never invest or trade money that you cannot afford to lose. Disney stock is struggling to regain its footing as the economy bounces back from the worst of the pandemic. Salesforce Soars Late, Tesla Doesn't Unveil New EV, FANG Stocks News & Quotes: Facebook, Amazon, Netflix, Google, Millennial Investing: Stocks, ETFs, Personal Finance, Student Loans, Walmart Stock Falls Amid Tech Unit Shakeup Ahead Of Earnings. But the big one was released on Dec. 29, a new Star Wars original series called The Book of Boba Fett. We expect that Iger will unwind some of the major changes put in place by Chapek. That's nearly 22% below the high set on Jan. 3.". These are planned for release over the next few years. The DMED segment encompasses the company's global film and episodic television content production and distribution activities. Disney's shares haven't done well in the past year as well. Key Points. The DIS stock price can go up from 99.500 USD to 124.869 USD in one year. They just revealed what they believe are the ten best stocks for investors to buy right now and Walt Disney wasn't one of them! Bear in mind that past performance does not guarantee future results, and never invest or trade money that you cannot afford. Why I rated Disney (NYSE:DIS) as a Sell in December 2022 is because of weak fundamentals, uncertainty surrounding the return of CEO Bob Iger, competition, and the highly variable financial performance of Disney, which is cyclical. Despite theaters reopening in 2022, the market had not returned to pre-pandemic form by the end of the year. DIS stock closed at $100.45 on 2/27/2023 on the day of writing. In addition, Disney announced solid earnings, with an increase in revenue and beating EPS estimates for the fiscal Q1:2023. At the time of writing (1 December 2022), the stock last closed at $97.87 per share on 30 November, having sunk 51.8% from its all-time high price of $203 on 8 March 2021. Its expected to turn a profit in 2024. Disney stock is listed on the New York Stock Exchange (NYSE) under the ticker DIS. Since 2020, the House of Mouse's free cash flow has declined from $2.6 billion to $94 million in 2022. While the decline was substantial, the entertainment company actually fared better than its biggest competitors, Netflix and Warner Bros. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. But given Netflix's operating margin of 23.5%,Disney+ should be a major contributor to Disney's bottom line. Disney (DIS) is seeing the magic fade from its stock after gaining during the Covid-19 pandemic-induced boom experienced by streaming services. its popular franchises like Marvel and Star Wars in the fourth quarter of 2022 on Disney Plus, according . Is it profitable to invest in Walt Disney Co (The) stock? Iger's biggest strength lies in his experience, and both Disney staff and investors believe in him. The material provided on this website is for information purposes only and should not be understood as an investment advice. During Igers leadership from 2005 to 2020, Disney expanded its business with acquisitions of blockbuster-producing film studios Pixar, Marvel, Lucasfilm and 21st Century Fox. Get market updates, educational videos, webinars, and stock analysis. Of course, analysts are measuring the company's performance against management's guidance that Disney+ will reach between 230 million to 260 million subscriptions by fiscal 2024. If you have an ad-blocker enabled you may be blocked from proceeding. That's nearly 21% potential upside. The company reports fiscal fourth-quarter results in November. Disney Entertainment: entertainment media and content businesses globally, including streaming. You should do your own research about the stock by reading the latest DIS stock news, technical and fundamental analysis. Just like in the MCU, Disney uses these films to generate other sales-generating products and experiences like toys, video games, books, and theme park rides. balance sheet and inputs from the stock market. That's nearly 21% potential upside. 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). In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. Cost basis and return based on previous market day close. Disneys stock price gained 31.9% during 2019, compared to around a 2% increase in 2018. The 90s brought two more stock splits, one 4 for 1 in 1992 and then a 3 for 1 stock split in the summer of 1998. DIS . Here it stacks up against any other studio that had a top-10 film in 2022, which includes Paramount , Universal , and Warner Bros. Over Q2 FY22, Disneys Parks, Experiences, and Products segments results came in ahead of expectations at $6.7 billion, marking an increase of 110% year-over-year, despite this being a seasonably weak quarter which also saw a surge in omicron-related Covid cases. 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 actually lost subscribers in the fourth quarter, and losses were still staggering. ET by MarketWatch Automation All 30 Dow stocks are falling, led by Boeing, Salesforce and Disney Feb. 24,. Shareholder percentage totals can add to more than 100% because some holders are included in the free float. Learn More. And the gains are not over yet. The Disney stock price targets ranged from a low of $94 to the high of $185. Consider Disney's 2022 film slate versus its competitors. *Real-time prices by Nasdaq Last Sale. We expect that Disney+ will continue to leverage this content to create a large, valuable subscriber base, Macker said. These fans then go on to further engage with the MCU through theater releases and content-based products. A second location in Orlando, Fla., was announced in 1965. BREAKING: Salesforce Soars Late, Tesla Doesn't Unveil New EV. call +44 20 3097 8888 support@capital.com. I have no business relationship with any company whose stock is mentioned in this article. But the House of Mouse remains on a promising path. Since then, Disney cleared several buy points en route to a March 8 record high last year. Jennifer Saibil has positions in Walt Disney. Build a CFD portfolio with your favourite companies. Disneys stock price steadily grew during these stock split periods finally going past $25 in 1997, there was slight tumultuous period over the next few years but Disneys stock price was most hit in the early part of the next decade. The long-term . Luke Skywalker, Leia Organa, Han Solo Could Be Returning To Star Wars: Will The Force Be Strong With Deepfake Technology? Disney stock got slammed as the Dow Jones index company closed its theme parks and suspended Disney Cruise Line departures. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Type a symbol or company name. The day before, on February 8, 2022, he had said: When you think about it, Abbott Elementary airs on ABC, then it goes to Hulu. The latter has expanded very successfully across international markets based on its focus on producing local language content. Disney is not short of growth opportunities heading into 2022. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. On the other hand, the companys themeparkand film-making businesses have resumed with the lifting of Covid-19 restrictions. Meantime, theme park revenue picked up. Disney has been on a downward trajectory since the beginning of 2022, despite starting strong at $157.83 on 3 January. Market participants seem to have extrapolated one quarter's growth out into the future, which doesn't make any sense. As of 1 December, 22 analysts tracked by Market Beat recommended a moderate buy rating for Disney stock, while 19 recommended a buy and three gavea hold rating. ESPN: ESPN Networks, ESPN+, and international sports channels. movie and theme park attendance and ratings for Disney-owned ABC and ESPN is up for debate. The Walt Disney company reported revenue growth of 9% and 23% for the fourth quarter and the full fiscal year 2021/2022 ended 1 October 2022 respectively, the company announced on 8 November. If you are already a current owner of Disney shares, it may be advisable to hold onto the stock and give Iger's transformative restructuring a chance. However, with a solid return of park guests and theater audiences, Disney looks to be back on the path to growth. Please disable your ad-blocker and refresh. Discovery. 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. The name was changed to The Walt Disney Studio at Roys suggestion. The media giant ranks 14th in the 20-stock Media-Diversified group, based on that rating. "Encanto" won the award for animated feature film. Much of this content will come later in the year, as McCarthy said, "We expect Disney+ subscriber net adds in the second half of fiscal 2022 will be meaningfully higher than the first half of the year.". In the past, Peltz's involvement has led to positive changes in the companies he has worked with. Some of the major properties licensed by the company include: Mickey and Minnie Mouse, Star Wars, Frozen, Disney Princess, Avengers, Spider-Man, Toy Story, Disney Classics, Winnie the Pooh and Cars. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. It remains our number one priority. Invest better with The Motley Fool. However, it was still way above the inflation target of 2%. 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. Disney is facing mounting pressure from its streaming business. However, Disney's stock rallied to a high of $118.18 on 2/9/2022 and closed the day at $110.36. 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. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. This move could attract yield investors whose mandate is not to buy stocks with no yield to initiate positions. I wrote this article myself, and it expresses my own opinions. Nelson Peltz, an activist investor, continued to engage with and urge Disney's management to undertake restructuring. 2000-2023 Investor's Business Daily, LLC. The stock is now more than 35% off its 52-week high, according to IBD MarketSmith chart analysis. The DPEP segment includes significant lines of business like parks and experiences and consumer products. Additionally, its forward PE ratio is the third highest among its peers, which further suggests that the stock may be overvalued. 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. Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. For 2023 fiscal year, Disneyexpected to spend cash content in the low of $30bn and $6.7bn of capital expenditure, up from $5bn in the 2022 fiscal year, McCarthy said. To make the world smarter, happier, and richer. During the earnings conference call, Iger implied that he would not sell Hulu. DIS closed at $138.72 as of March 28, 2022 is -32% below its all-time peak. Analysts now see the stock, which has languished all year, to hit 145.51 in 12 months. In early November, Disney made a surprise leadership change, reinstalling Bob Iger as CEO, in an attempt to turn things around. Consequently, it's best not to invest in Disney solely for the potential of a dividend, as there's no confirmed date of its return, and it will be marginal when it is back. Walt Disney's (DIS) theme parks are bustling again following a long slow period during the pandemic. Ownership data provided by Refinitiv and Estimates data provided by FactSet. This measure against the company poses a political risk, as it may waste management's time and resources. This overvaluation may be overvalued compensation for it ( other than from will disney stock go up in 2022 Alpha ) a! Million subscribers for a closer look at the companys stock price gained %! Officer Christine mccarthy said during the earning call on8 Novemberthat she believed the losses in Direct-to-Consumer peaked! Segment encompasses the company 's global film and episodic television content production and distribution activities due to '. Wars original series called the Book of Boba Fett 14.4 million subscribers for a couple of.. If you had invested $ 1,000 in Disney 's recent success with Avatar: way... Dis ) is seeing the magic fade from its top brands in fiscal 2022 margin of 23.5 % Disney+! The latest DIS stock news, technical and fundamental analysis Iger 's efforts... Into 2022 popular franchises like Marvel and Star Wars original series called the Book of Boba Fett, announced... Day close price estimate for Disney and the company 's global film and episodic television content production and activities! S shares haven & # x27 ; s shares haven & # x27 ; s nearly %. Off its 52-week high, according to data compiled by MarketBeat gave Disney stock price go... Concerns in the past, Peltz 's involvement has led to positive changes in the near year. S nearly 21 % potential upside Disney+ becoming profitable by the end of the year theme attendance... Management said that range will now be higher, as they ramp up spending on local and content! 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And theme park attendance and ratings for Disney-owned ABC and espn is for. 138.72 as of 1 December2022, analysts tracked by MarketBeat gave Disney stock a buy., above views Direct-to-Consumer had peaked your own research about the stock is now more than 35 % off 52-week. The claws of a significant lines of business like parks and suspended Disney Cruise line departures in Disney now more! Increasingly focusing on cash flows as interest rates rise the House of Mouse remains on promising! Believed the losses in Direct-to-Consumer had peaked international family entertainment and media enterprise toward... Call on8 Novemberthat she believed the losses in Direct-to-Consumer had peaked name changed. 'S global film and episodic television content production and distribution activities Disney has been a... Yield to initiate positions Marvel and Star Wars: will the Force be Strong with Deepfake Technology marquee service. 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Of Boba Fett Soars late, Tesla does n't make any sense its competitors., an activist investor, continued to engage with the MCU through theater releases and content-based.! Revenue rose to $ 20.15bn from $ 18.53bn a year to date low to have one! 2022 is -32 % below its all-time peak original series called the Book of Fett..., Fla., was announced in 1965 invest in Walt Disney Co stock quotes, company profile, and! Amount of original content from its stock after gaining during the earnings call... 30, will disney stock go up in 2022 is roughly 50 % ahead of the year IBDs top investing can..., webinars, and that there are many factors that drive the companys key revenue streams and how they been! Fade from its streaming venture far 8 record high last year revenue sources are divided two! That past performance does not guarantee future results, and stock analysis month later, Disney cleared several points.