DIS Walt Disney Company (The)
too hard · 53
Owner-earnings value$61.32
Price$108.99
Margin of safety
-43.7%
Quality gate · 53/100
⚠ sub-hurdle returns (median roic 6% < 9%)
Median ROIC5.7%
Gross margin37.6%
Net debt / EBITDA1.9x
FCF conversion108%
Share count / yr+0.2%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 8.29B |
| Owner-earnings yield | 4.4% |
| Free-cash-flow yield | 4.4% |
| Growth used (normalized) | 4.5% |
| Market-implied growth (reverse DCF) | 19.4% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 11.6% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 8.67B | 4.5% | 7.77B |
| 2 | 9.04B | 4.3% | 7.27B |
| 3 | 9.42B | 4.2% | 6.78B |
| 4 | 9.80B | 4.0% | 6.32B |
| 5 | 10.17B | 3.8% | 5.89B |
| 6 | 10.55B | 3.7% | 5.47B |
| 7 | 10.92B | 3.5% | 5.07B |
| 8 | 11.28B | 3.3% | 4.70B |
| 9 | 11.64B | 3.2% | 4.35B |
| 10 | 11.99B | 3.0% | 4.01B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~19%/yr owner-earnings growth over 10y (reverse DCF); model credits 5%.