The Walt Disney Company (DIS) Discounted Free Cash Flow - Perpetuity - Discounting Cash Flows
DIS
The Walt Disney Company
DIS (NYSE)

Estimated Value

USD

Market Price USD

* Values are not guaranteed, please do your own
research before making investment decisions.

Discounted Free Cash Flow Model

Discounted Free Cash Flow calculates the value of a share based on the company's estimated future Free Cash Flow figures.

See our GitHub Model Documentation

Interactive Assumptions

Discount Rate

Discount Rate

Discount Rate = Equity Weight * Cost of Equity + Debt Weight * Cost of Debt * (1 - Tax Rate)

Calculated using Weighted Average Cost of Capital (WACC) formula. It represents a firm’s average after-tax cost of capital from all sources, including common stock, preferred stock, bonds, and other forms of debt.

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Cost of Equity

Cost of Equity = Risk Free Rate + Beta * Market Premium

The cost of equity is the theoretical rate of return that an equity investment should generate. It is calculated using the CAPM formula.

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Cost of Debt

Cost of Debt = Interest Expense / Total Debt

The cost of debt is the effective rate that a company pays on its debt, such as bonds and loans.

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Equity & Debt Weights

Debt Weight = Total Debt / (Market Capitalization + Total Debt) = 1 - Equity Weight

The Equity Weight represents the proportion of equity-based financing (Market Capitalization), while the Debt Weight represents the proportion of debt-based financing (Total Debt).


Tax Rate

Tax Rate = Income Tax Expense / Income Before Tax

The overall tax rate paid by the company on its earned income.

↳ Beta

Beta

Beta measures the volatility of a stock's price in relation to the overall stock market. A higher beta indicates greater price fluctuations relative to the market.

↳ Risk Free Rate

Risk-Free Rate

The risk-free rate represents the return an investor expects from an absolutely risk-free investment over a specified time period. By default, it is set to the current yield of the U.S. 10-Year Treasury Bond.

↳ Market Premium

Market Premium

The market risk premium represents the additional return over the risk-free rate that investors expect for taking on the risks associated with equities.

Growth In Perpetuity

Growth in Perpetuity

The rate at which the company's free cash flow is assumed to grow indefinitely. By default, this rate equals the yield of the U.S. 10-Year Treasury Bond.

Historical Years

Historical Years

The number of years of historical data used to calculate averages and trends for analysis.

Projection Years

Projection Years

The number of years into the future for which the analysis projects financial performance and metrics.

Revenue Growth Rate

Revenue Growth Rate

The annual growth rate applied to projected revenue, starting from the second projection year onward.

Operating Cash Flow Margin

Operating Cash Flow Margin

Projected Operating Cash Flow = Projected Revenue * Operating Cash Flow Margin

This margin represents the percentage of revenue used to estimate future Operating Cash Flow.

Capital Expenditure Margin

Capital Expenditure Margin

Projected Free Cash Flow = Projected Operating Cash Flow - Projected Revenue * Capital Expenditure Margin

This margin is used to estimate future capital expenditures as a percentage of revenue, which in turn is subtracted from Operating Cash Flow to calculate Free Cash Flow.

Results

Terminal Value 200.8 Bil. USD
Discounted Terminal Value 125 Bil. USD
Sum of Discounted Free Cash Flow 38.53 Bil. USD
Enterprise Value 163.5 Bil. USD
Cash and Equivalents 5.85 Bil. USD
Total Debt 42.89 Bil. USD
Equity Value 126.5 Bil. USD
Shares Outstanding 1.81 Bil. USD
Estimated Value per Share 69.95 USD
Yield of the U.S. 10 Year Treasury Note 4.35%
Average Cash from Operating Activities Margin 15.75%
Average Capital Expenditure Margin 6.76%
Cost of Equity 11.07%
Equity Weight 83.94%
Cost of Debt 4.66%
Debt Weight 16.06%
Tax Rate 12.39%

Monetary values are in USD

Edit Chart Values 2025 2026 2027 2028 2029

amounts of USD except for #

2024 2025 2026 2027 2028 2029
Revenue 91,361 93,492 99,481 105,852 112,632 119,846
Revenue Growth Rate 2.77% 2.33% 6.4% 6.4% 6.4% 6.4%
Operating Cash Flow 13,971 14,725 15,668 16,672 17,740 18,876
Operating Cash Flow Margin 15.29% 15.75% 15.75% 15.75% 15.75% 15.75%
Capital Expenditure -5,412 -6,322 -6,727 -7,158 -7,616 -8,104
Capital Expenditure Margin -5.92% -6.76% -6.76% -6.76% -6.76% -6.76%
Free Cash Flow 8,559 8,403 8,941 9,514 10,123 10,772
Free Cash Flow Margin 9.37% 8.99% 8.99% 8.99% 8.99% 8.99%
Compounded Discount Rate
2.23% 12.4% 23.59% 35.91% 49.44%
Discounted Free Cash Flow 8,559 8,220 7,955 7,698 7,448 7,208

amounts of USD except for #

Average LTM 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 71,100 94,040 91,361 88,898 82,722 67,418 65,388 69,607 59,434 55,137 55,632 52,465
Revenue Growth Rate 6.4% 2.93% 2.77% 7.47% 22.7% 3.1% -6.06% 17.12% 7.79% -0.89% 6.04% 7.48%
Cost of Revenue 43,981 59,155 58,698 59,201 54,401 45,131 43,880 42,061 32,726 30,306 29,864 28,364
Gross Profit 27,120 34,885 32,663 29,697 28,321 22,287 21,508 27,546 26,708 24,831 25,768 24,101
Gross Margin 38.93% 37.1% 35.75% 33.41% 34.24% 33.06% 32.89% 39.57% 44.94% 45.04% 46.32% 45.94%
Operating Income 10,619 13,683 11,583 8,992 6,832 3,492 3,781 12,030 14,837 13,873 14,487 13,224
Operating Margin 15.93% 14.55% 12.68% 10.11% 8.26% 5.18% 5.78% 17.28% 24.96% 25.16% 26.04% 25.21%
Net Income 6,218 8,910 4,972 2,354 3,193 2,024 -2,832 10,425 12,598 8,980 9,391 8,382
Net Margin 9.58% 9.47% 5.44% 2.65% 3.86% 3% -4.33% 14.98% 21.2% 16.29% 16.88% 15.98%
Cash from Operating Activities 10,771 18,078 13,971 9,866 6,010 5,567 7,618 6,606 14,295 12,343 13,213 10,909
Cash from Operating Activities Margin 15.75% 19.22% 15.29% 11.1% 7.27% 8.26% 11.65% 9.49% 24.05% 22.39% 23.75% 20.79%
Capital Expenditure -4,737 -7,182 -5,412 -4,969 -4,943 -3,578 -4,022 -4,876 -4,465 -3,623 -4,773 -4,265
Free Cash Flow 6,033 10,896 8,559 4,897 1,067 1,989 3,596 1,730 9,830 8,720 8,440 6,644
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Discounting Cash Flows

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