Equity valuation: The Walt Disney Company

• Autor(a) principal: Coelho, João José Caetano
• Data de Publicação: 2022
• Tipo de documento: Dissertação
• Idioma: eng
• Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Texto Completo: http://hdl.handle.net/10071/27323
• topic: Avaliação de empresas -- Business valuation; DCF Discounted Cash Flow --; Avaliação por múltiplos Valuation using multiples; Entertainment and media industry; The Walt Disney Company; Indústria do entretenimento e media

This report was produced with the objective of estimating the fair value for The Walt Disney Company´s shares as of 31 December 2021 and evaluate if the company was being under or over evaluated by the market and investors, by comparing the real shares close price at that date. The Walt Disney Company was selected to perform this report due to several important factors. In one hand, this company has an interesting story, known worldwide. It is interesting to analyse the challenges that Disney faced across the years and recently how the business is handling the COVID-19 Pandemic. Other important challenge for Disney is the approach made to compete with the digital stream platforms. To value The Walt Disney Company stock two procedures were performed: DCF model and Multiple Analysis. Additionally, a comparison with specialists analysis was performed to evaluate the accuracy of the assumptions and inferences. All data used in this Thesis is the official data retrieved from the Walt Disney Company reports and Bloomberg with the ticker DIS US Equity. A price target of 122.48 USD was found, which implies a −20.924% downside potential from the reference price of 154.89 USD recorded in the end of the 2021, which traduces the analysis in a Sell recommendation.