RY 135.93 1.0106% TD 80.27 0.4882% SHOP 96.65 0.8662% CNR 177.19 0.9802% ENB 48.43 0.9589% CP 118.41 1.7181% BMO 127.36 0.4813% TRI 209.58 1.408% CNQ 105.17 -0.1329% BN 54.28 1.2309% ATD 77.76 2.2351% CSU 3681.53 0.5424% BNS 64.51 0.3578% CM 65.32 -0.1681% SU 53.54 1.0379% TRP 49.19 0.2854% NGT 51.38 -4.3025% WCN 227.86 0.4364% MFC 32.14 1.3241% BCE 45.06 0.5804%
Walt Disney Co
The Walt Disney Company (NYSE: DIS) is a worldwide entertainment company. Disney Parks, Experiences, and Products are two of the company's segments (DPEP). The DMED sector is responsible for the company's global film and episodic television content development and distribution. Admissions to theme parks, food, beverage, and merchandise sales at the company's theme parks and resorts, cruise vacations, sales and rentals of vacation club properties, royalties from licensing its intellectual properties (IP) for use on consumer goods, and the sale of branded merchandise are all part of the DPEP segment's business.
Latest News
Q2 FY22 Financial results
Key Risk
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
Source: REFINITIV, Analysis: Kalkine Group
*% Premium/(Discount) is based on our assessment of the company’s NTM trading multiple after considering its key growth drivers, economic moat, stock's historical trading multiples versus peer average/median, and investment risks.
Stock Recommendation
DIS's stock price has fallen 32.88% in the past six months and is currently leaning towards the lower side of its 52-week range of USD 99.47 to USD 187.58. DIS stock is under a long-term bearish cycle with the current price below both short-term (50-day) SMA and long-term (200-day) SMA. RSI has formed a bullish divergence on the daily time frame chart given below, indicating signs of a trend reversal. We have valued the stock using the EV/Sales-based relative valuation methodology and arrived at a target price of USD 145.44.
Considering the strong topline performance for Q2 FY22, technical analysis, associated risks, and current valuation. We recommend a "Buy" rating on the stock at the current price of USD 106.54 as of 17th May 2022, up 1.29% at 08:00 AM PDT.
One-year technical chart as of 17th May 2022, at 08:00 AM PDT. Source: REFINITIV. Analysis by Kalkine group
Technical Analysis Summary
* Current price as of 17th May 2022, at 08:00 AM PDT.
Technical Indicators Defined: -
Support: A level where-in the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest.
Resistance: A level where-in the stock prices tend to find resistance when they are rising, and the uptrend may take a pause due to profit booking or selling interest.
Stop-loss: It is a level to protect further losses in case of unfavorable movement in the stock prices.
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decisions should be made depending on the investors' appetite for upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.
Note 3: The report publishing date is as per the Pacific Time Zone.
Disclaimer
The advice given by Kalkine Canada Advisory Services Inc. and provided on this website is general information only and it does not take into account your investment objectives, financial situation and the particular needs of any particular person. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. The website www.kalkine.ca is published by Kalkine Canada Advisory Services Inc. The link to our Terms & Conditions has been provided please go through them. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.