Financials Walt Disney Company (The)

Equities

DIS

US2546871060

Broadcasting

Real-time Estimate Cboe BZX Other stock markets 15:14:44 08/06/2026 BST			5-day change	1st Jan Change
99.46 ^USD	-0.26%		-4.00%	-13.21%

06-05	Rosenblatt Adjusts Price Target on Walt Disney to $126 From $121, Maintains Buy Rating	MT
06-04	SmartyPants Vitamins And Disney And Pixar Enter Licensing Agreement For Toy Story 5-Inspired Kids Multi & Omegas	CI

Projected Income Statement: Walt Disney Company (The)

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	67,418	82,722	88,898	91,361	94,425	101,697	106,060	110,377
Change	-	22.7%	7.47%	2.77%	3.35%	7.7%	4.29%	4.07%
EBITDA ¹	11,949	16,125	17,085	19,156	21,231	22,362	23,609	25,308
Change	-	34.95%	5.95%	12.12%	10.83%	5.33%	5.57%	7.2%
EBIT ¹	7,766	12,121	12,863	15,601	17,551	19,153	20,295	21,916
Change	-	56.08%	6.12%	21.29%	12.5%	9.13%	5.96%	7.99%
Interest Paid ¹	-1,406	-1,397	-1,209	-1,260	-1,305	-1,056	-1,140	-1,137
Earnings before Tax (EBT) ¹	2,561	5,285	4,769	7,569	12,003	14,870	16,142	17,651
Change	-	106.36%	-9.76%	58.71%	58.58%	23.89%	8.55%	9.35%
Net income ¹	1,995	3,145	2,354	4,972	12,404	10,368	11,725	12,787
Change	-	57.64%	-25.15%	111.21%	149.48%	-16.41%	13.09%	9.06%
Announcement Date	10/11/21	08/11/22	08/11/23	14/11/24	13/11/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: September	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	17,022	18,534	21,819	19,249	21,504	20,150	23,512	21,815	22,330	21,241	23,549	22,083	23,155	22,574	24,690	23,621	23,650	22,464	25,981	25,168	25,481	25,309	27,559	26,859	26,525	25,257	28,350	27,152
Change	-	8.88%	17.72%	-11.78%	11.71%	-6.3%	16.68%	-7.22%	2.36%	-4.88%	10.87%	-6.23%	4.85%	-2.51%	9.37%	-4.33%	0.12%	-5.01%	15.66%	-3.13%	1.24%	-0.67%	8.89%	-2.54%	-1.25%	-4.78%	12.24%	-4.23%
EBITDA ¹	3,436	2,579	4,299	4,714	4,532	2,580	4,069	4,316	4,608	4,092	4,811	4,696	5,117	4,532	5,876	5,365	5,497	4,493	5,612	5,628	6,114	5,872	6,663	6,563	6,232	6,028	6,862	7,616
Change	-	-24.94%	66.69%	9.65%	-3.86%	-43.07%	57.71%	6.07%	6.77%	-11.2%	17.57%	-2.39%	8.97%	-11.43%	29.66%	-8.7%	2.46%	-18.26%	24.91%	0.29%	8.64%	-3.97%	13.48%	-1.5%	-5.04%	-3.28%	13.84%	10.99%
EBIT ¹	2,382	1,587	3,258	3,699	3,567	1,597	3,043	3,285	3,559	2,976	3,876	3,845	4,225	3,655	5,060	4,436	4,575	3,480	4,600	4,603	5,172	4,884	5,199	4,821	5,216	4,910	5,660	5,475
Change	-	-33.38%	105.29%	13.54%	-3.57%	-55.23%	90.54%	7.95%	8.34%	-16.38%	30.24%	-0.8%	9.88%	-13.49%	38.44%	-12.33%	3.13%	-23.93%	32.18%	0.07%	12.36%	-5.57%	6.45%	-7.26%	8.18%	-5.87%	15.27%	-3.27%
Charge d'intérêts ¹	-445	-317	-311	-355	-360	-371	-300	-322	-305	-282	-246	-311	-342	-361	-367	-346	-324	-268	-275	-240	-276.6	-268	-308.4	-300.4	-303	-297.4	-248	-231
Earnings before Tax (EBT) ¹	995	290	1,688	1,102	2,119	376	1,773	2,123	-134	1,007	2,871	657	3,093	948	3,660	3,087	3,211	2,045	3,693	3,367	4,193	3,865	4,208	4,244	4,274	3,400	4,772	4,527
Change	-	-70.85%	482.07%	-34.72%	92.29%	-82.26%	371.54%	19.74%	-106.31%	851.49%	185.1%	-77.12%	370.78%	-69.35%	286.08%	-15.66%	4.02%	-36.31%	80.59%	-8.83%	24.54%	-7.83%	8.88%	0.85%	0.69%	-20.45%	40.37%	-5.13%
Net income ¹	918	159	1,104	470	1,409	162	1,279	1,271	-460	264	1,911	-20	2,621	460	2,554	3,275	5,262	1,313	2,402	2,247	2,983	2,748	3,150	3,073	3,126	2,447	3,397	3,211
Change	-	-82.68%	594.34%	-57.43%	199.79%	-88.5%	689.51%	-0.63%	-136.19%	157.39%	623.86%	-101.05%	13,205%	-82.45%	455.22%	28.23%	60.67%	-75.05%	82.94%	-6.45%	32.74%	-7.86%	14.63%	-2.46%	1.73%	-21.71%	38.8%	-5.48%
Announcement Date	12/08/21	10/11/21	09/02/22	11/05/22	10/08/22	08/11/22	08/02/23	10/05/23	09/08/23	08/11/23	07/02/24	07/05/24	07/08/24	14/11/24	05/02/25	07/05/25	06/08/25	13/11/25	02/02/26	06/05/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Walt Disney Company (The)

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	38,447	36,754	32,249	39,813	36,331	37,813	36,240	34,157
Change	-	-4.4%	-12.26%	23.45%	-8.75%	4.08%	-4.16%	-5.75%
Announcement Date	10/11/21	08/11/22	08/11/23	14/11/24	13/11/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Walt Disney Company (The)

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	3,578	4,943	4,969	5,412	8,024	9,050	8,589	8,662
Change	-	38.15%	0.53%	8.92%	48.26%	12.78%	-5.09%	0.85%
Free Cash Flow (FCF) ¹	1,988	1,059	4,897	8,559	10,077	10,251	10,918	11,640
Change	-	-46.73%	362.42%	74.78%	17.74%	1.73%	6.5%	6.62%
Announcement Date	10/11/21	08/11/22	08/11/23	14/11/24	13/11/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Walt Disney Company (The)

Fiscal Period: September	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	17.72%	19.49%	19.22%	20.97%	22.48%	21.99%	22.26%	22.93%
EBIT Margin (%)	11.52%	14.65%	14.47%	17.08%	18.59%	18.83%	19.14%	19.86%
EBT Margin (%)	3.8%	6.39%	5.36%	8.28%	12.71%	14.62%	15.22%	15.99%
Net margin (%)	2.96%	3.8%	2.65%	5.44%	13.14%	10.19%	11.06%	11.59%
FCF margin (%)	2.95%	1.28%	5.51%	9.37%	10.67%	10.08%	10.29%	10.55%
FCF / Net Income (%)	99.65%	33.67%	208.03%	172.14%	81.24%	98.87%	93.11%	91.03%
Profitability
ROA	2.09%	3.18%	3.89%	4.58%	6.17%	5.27%	5.72%	6.21%
ROE	4.91%	7.05%	8.19%	9.2%	10.23%	10.06%	10.55%	11.32%
Financial Health
Leverage (Debt/EBITDA)	3.22x	2.28x	1.89x	2.08x	1.71x	1.69x	1.54x	1.35x
Debt / Free cash flow	19.34x	34.71x	6.59x	4.65x	3.61x	3.69x	3.32x	2.93x
Capital Intensity
CAPEX / Current Assets (%)	5.31%	5.98%	5.59%	5.92%	8.5%	8.9%	8.1%	7.85%
CAPEX / EBITDA (%)	29.94%	30.65%	29.08%	28.25%	37.79%	40.47%	36.38%	34.23%
CAPEX / FCF (%)	179.98%	466.76%	101.47%	63.23%	79.63%	88.28%	78.67%	74.41%
Items per share
Cash flow per share ¹	3.065	3.285	5.391	7.63	9.995	8.388	8.819	12.21
Change	-	7.19%	64.11%	41.53%	30.99%	-16.08%	5.15%	38.46%
Dividend per Share ¹	-	-	-	-	1	1.506	1.64	1.784
Change	-	-	-	-	-	50.56%	8.92%	8.78%
Book Value Per Share ¹	49.23	53.35	55.74	55	60.67	64.91	70.47	75.68
Change	-	8.35%	4.49%	-1.34%	10.31%	7%	8.56%	7.39%
EPS ¹	1.09	1.72	1.29	2.72	6.85	5.877	6.782	7.589
Change	-	57.8%	-25%	110.85%	151.84%	-14.21%	15.41%	11.88%
Nbr of stocks (in thousands)	1,817,127	1,823,058	1,829,779	1,816,000	1,797,934	1,736,511	1,736,511	1,736,511
Announcement Date	10/11/21	08/11/22	08/11/23	14/11/24	13/11/25	-	-	-