DIS Shareholders and Stock Info ONLY

[clarker99]

Thanks @HokieRaven5, you guys always have charts at the ready!

So looking at 2019, stock price was in the $140-150 range for a good part of the year. Looks like the PE during that time was close to what it is now but stock is on the $110's, yet we are currently at record Op Income. So how can that be (unless I'm reading the chart wrong)? Is less of the OI dropping to the bottom line?

Even $150/share feels low to me. Just comparing revenue, the last 4 quarters are 36% higher than FY2019. The margins for streaming will come along in time but I think Disney’s growth story is just to slow and/or unexciting for sell side analysts and their clients.

 

[peder]

Perhaps I'm not understanding the what cruise ships are accounted for. Just to be sort of clear - I'm a recovering bean counter, having been retired for ~12 years.

It would seem to me that the cost of the vessel, including hull, propulsion, etc, would be capitalized and depreciated over the expected life of the vessel.

Let's assume for a second that the expected life is only 15 years. Wonder and Magic would in this scenario be fully depreciated. But now with new ships coming online, the mix of fully depreciated / still depreciating ships is changing. Their profitability is lower on paper until the Dream and Fantasy fully depreciate in a couple years.