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The Walt Disney Company — Intrinsic Value & Fair Price

DIS
NYSECommunication ServicesEntertainmentCIK 0001744489thewaltdisneycompany.comAbout DIS
Last close · Oct 16, 2026110.55−0.13 (−0.12%)
Market cap$190.9B
Model value · DCF · Perpetuity growth · 5y
121.65
Walt Disney closed at $110.55 — undervalued by 9% vs model.
79.84the model's range240.21

DCF · Perpetuity growth · 5y leads for mature & stable — positive operating income and three years of positive free cash flow. From a five-year discounted cash flow.

Other models
13.11 – 371.11
Wall St. target
119.00 7% below
Below model, 1y
15 of 22 days

Price and model value

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What the marks mean
Daily close

Dividends

Semi-Annual · as of Oct 16, 2026
Yield, trailing 12 months
1.36%
Past 2 years
low 0.64%high 1.62%
Dividends per share, a year at a time
$0.75Jul ’24$1.00Jun ’25$1.50TTM
Dividends / free cash flow, FY2025
17.9%
Raised
2 years in a row
Growth, 2 yrs
41.4% a year
Last change
+50.0% · Dec 2025
Every payment, with ex-dates · latest $0.75, paid Jul 22, 2026

Research on DIS

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How it is valued

Valued asMature & Stable
Low/slowing growth (~3% recent)Moderate margins (13% net margin)Highly cyclical earningsStrong FCF yield (5.3%)
What growth the price implies: the reverse DCF

Key figures

FY2025
P/E
16.1×
EV / EBITDA
11.9×
FCF yield
5.1%
Dividend yield, TTM
1.36%
Beta
1.42
Cost of capital (WACC)
9.24%
Full financials

Analyst actions

third-party, quoted
08-24UBS · target115.00
08-06Barclays · target115.00
08-06Wells Fargo · target132.00
04-01Raymond James · “Outperform” from “Market Perform”upgrade
Ratings, targets and estimates

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just DIS. No account.

About Walt Disney

Operating worldwide through its various subsidiaries, The Walt Disney Company (DIS) stands as a prominent global entertainment enterprise. Its vast array of activities is organized into two primary divisions: Disney Media and Entertainment Distribution, and Disney Parks, Experiences and Products. Within its media and entertainment arm, Disney is actively engaged in developing and distributing both cinematic films and television series. This segment encompasses the management of well-known broadcast networks such as ABC, Disney, ESPN, Freeform, FX, Fox, National Geographic, and Star, as well as renowned film studios responsible for productions under banners like Walt Disney Pictures, Twentieth Century Studios, Marvel, Lucasfilm, Pixar, and Searchlight Pictures. The company also delivers content directly to consumers through its popular streaming platforms, including Disney+, Disney+ Hotstar, ESPN+, Hulu, and Star+. Further activities involve licensing its film and television content to external broadcasters and subscription video-on-demand services, overseeing theatrical releases, home entertainment distribution, and music distribution, staging and licensing live entertainment spectacles, and offering specialized post-production services via Industrial Light & Magic and Skywalker Sound. The "Parks, Experiences and Products" segment manages a celebrated collection of global theme parks and resorts, which notably includes Walt Disney World Resort in Florida, Disneyland Resort in California, Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort. This division also features the Disney Cruise Line, Disney Vacation Club, National Geographic Expeditions, Adventures by Disney, and Aulani, a resort and spa located in Hawaii. The company extends its brand presence by licensing its intellectual property to a third party for the operations of the Tokyo Disney Resort. A substantial part of this segment involves consumer products, where Disney licenses its iconic trade names, characters, visual elements, literary works, and other intellectual property for use on a diverse range of merchandise, published materials, and games. Moreover, it sells branded merchandise directly through its retail stores, online platforms, and wholesale channels, and actively develops and publishes various books, comic books, and magazines. The Walt Disney Company was founded in 1923 and is based in Burbank, California.

CEO
Josh D'Amaro
Headquarters
Burbank, CA
Employees
194,040
IPO
1957-11-12
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.