Other stocks here
DIS less dull as cashflow turns positive again
DIS Current 96 Target 131 + 36%
Jul 5, 2022
1 minute read
Sales declined seasonally -12%
Last 5 quarters
-4% 9% 9% 18% -12%
Costs up profit down
Last 5 quarters
-93% -93% -99% -80% -82%
Cashflow positive again
Last 5 quarters million dollars
798, 708, 1,646, -1,196, 728
Balance sheet net cash improved
Last 5 quarters million dollars
-94,574 -95,029 -94,639 -94,557 -94,522
Capital raised improved , a 36% higher target price
Last 5 quarters million dollars
-10,121, -9,240, -8,359, -8,271, -6,987
Jul 5, 2022
1 minute read
Sales declined seasonally -12%
Last 5 quarters
-4% 9% 9% 18% -12%
- Sales declined seasonally -12% in the first quarter to 19,249 million dollars -2% below our 19,637 million dollars forecast.
- This brings the average to 6% growth per quarter.
- We predict average growth of 4% in this next 12 months to bring sales to 22,525 million dollars in the first quarter 2023.
Costs up profit down
Last 5 quarters
-93% -93% -99% -80% -82%
- The cash cost ratio went from -80% to -82% profit declined from 1,200 to 597 million dollars in the first quarter.
- The average cost ratio is at -88% now.
- We use the latest -82% cost ratio to predict a 1,188 million dollars profit in the first quarter 2023.
Cashflow positive again
Last 5 quarters million dollars
798, 708, 1,646, -1,196, 728
- Free cashflow went positive again from -1,196 to 728 million dollars in the first quarter with -1,037 million dollars investment spend.
- Average quarterly Cashflow is at 472 million dollars now.
- We assume lower -1,012 million dollars investment spend which with higher sales gives 3,049 million dollars Cashflow in the first quarter 2023.
Balance sheet net cash improved
Last 5 quarters million dollars
-94,574 -95,029 -94,639 -94,557 -94,522
- Cash declined 14,444 to 13,272 million dollars in the first quarter.
- Liabilities declined 109,001 to 107,794 million dollars so net cash improved -94,557 to -94,522 million dollars .
- With our forecast cashflow & a -449 million dollars equity payout -11,485 million dollars liabilities payment net cash will be -83,037 million dollars in 12 months time.
Capital raised improved , a 36% higher target price
Last 5 quarters million dollars
-10,121, -9,240, -8,359, -8,271, -6,987
- DIS 14 quarter capital raised improved -8,271 to -6,987 million dollars in the first quarter with + 1,369 million dollars liabilities (payment) -85 million dollars equity (raised) & will be 4,947 million dollars in12 months time.
- At the current market value of 175,117 million dollars based on our forecasts it’s at only 0.90 X assets with a 16 years other assets payback & a 0% yield.
- Our cashflow forecast is 11,934 million dollars which means a 15 X valuation. A 20 X valuation gives a 36% higher target price 131 dollars.
