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.

 

[HokieRaven5]

Prior to closures and re-openings DCL was making north of $100M a ship in operating income. FY19 with 4 ships operating they had $406M in operating income.

Last fiscal year with 5 ships operating for the full year they hit $347M. This fiscal will add the operation of the Treasure. Next fiscal the Destiny and Adventure

Won’t see fiscal 25 data for DCL until June/July 2026 to get a better breakdown of Annual Domestic Parks revenue

 

[RivShore]

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.

I think the $150's sounds about right, it would put the PE in the low 20's. Historically, it has never gone much out of the 20's for long. The leadership really needs to do a better job of laying out the future for the stock to move, say what the expected streaming margins will be, if they will match or exceed linier, it would go a long way to taking one big unknown out of the price.

This margin compression noted in one of the articles @wabbott posted recently helps explain the flat lined stock price of the last decade, too...

Theme parks have offset some of that loss. Domestic and international parks now account for 43% of Disney’s annual operating income compared with 21% a decade ago. But Disney’s overall operating margin is now around 19%—nearly 10 points below its level from a decade ago. That reflects both the loss in linear TV profits and the addition of streaming revenue that currently brings in much lower margins.

 

[The Prophet]

Iger needs to leave -- yesterday

Gorman needs to accelerate his search if he hasn't already

DIS cannot afford another Chepak like disaster

Current management cannot figure out how to monetize the streaming world and bundling amongst other things

Fact is DIS has only once cylinder running (the theme parks) and growth here is limited due the current high prices that fewer and fewer people are willing to pay

 

[clarker99]

Why do people come on here and post things like ‘1 cylinder running’? Look at the data and trends. The company is growing and streaming is profitable.DTC is on pace for $1.6B in profit in FY25 and growing. How was Netflix doing 6yrs into streaming? Stop reading clickbait headlines that don’t reflect reality.

Gorman set a date for January ‘26 to name a CEO. But in the meantime Disney is hitting record financials.

 

[The Prophet]

Why do people come on here and post things like ‘1 cylinder running’? Look at the data and trends. The company is growing and streaming is profitable.DTC is on pace for $1.6B in profit in FY25 and growing. How was Netflix doing 6yrs into streaming? Stop reading clickbait headlines that don’t reflect reality.

Gorman set a date for January ‘26 to name a CEO. But in the meantime Disney is hitting record financials.

There is only one number that counts - the stock price. If the numbers are so stellar, how come the stock is only up $2.06 YTD?