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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 0.99
ATVI's Cash to Debt is ranked lower than
53% of the 1700 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 19.19 vs. ATVI: 0.99 )
ATVI' s 10-Year Cash to Debt Range
Min: 0.13   Max: No Debt
Current: 0.99

Equity to Asset 0.51
ATVI's Equity to Asset is ranked higher than
59% of the 1653 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 0.59 vs. ATVI: 0.51 )
ATVI' s 10-Year Equity to Asset Range
Min: 0.35   Max: 0.94
Current: 0.51

0.35
0.94
Interest Coverage 23.66
ATVI's Interest Coverage is ranked higher than
50% of the 1081 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 554.09 vs. ATVI: 23.66 )
ATVI' s 10-Year Interest Coverage Range
Min: 4.24   Max: 9999.99
Current: 23.66

4.24
9999.99
F-Score: 5
Z-Score: 2.73
M-Score: -3.36
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 29.94
ATVI's Operating margin (%) is ranked higher than
97% of the 1664 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 5.60 vs. ATVI: 29.94 )
ATVI' s 10-Year Operating margin (%) Range
Min: -7.7   Max: 29.94
Current: 29.94

-7.7
29.94
Net-margin (%) 22.04
ATVI's Net-margin (%) is ranked higher than
95% of the 1663 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 3.69 vs. ATVI: 22.04 )
ATVI' s 10-Year Net-margin (%) Range
Min: -5.96   Max: 23.66
Current: 22.04

-5.96
23.66
ROE (%) 15.25
ATVI's ROE (%) is ranked higher than
88% of the 1622 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 6.80 vs. ATVI: 15.25 )
ATVI' s 10-Year ROE (%) Range
Min: -25.82   Max: 17.71
Current: 15.25

-25.82
17.71
ROA (%) 7.21
ATVI's ROA (%) is ranked higher than
82% of the 1683 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 3.56 vs. ATVI: 7.21 )
ATVI' s 10-Year ROA (%) Range
Min: -11.01   Max: 13.63
Current: 7.21

-11.01
13.63
ROC (Joel Greenblatt) (%) 994.20
ATVI's ROC (Joel Greenblatt) (%) is ranked higher than
99% of the 1665 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 30.29 vs. ATVI: 994.20 )
ATVI' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -72.36   Max: 1029.08
Current: 994.2

-72.36
1029.08
Revenue Growth (%) 7.20
ATVI's Revenue Growth (%) is ranked higher than
73% of the 1399 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 5.80 vs. ATVI: 7.20 )
ATVI' s 10-Year Revenue Growth (%) Range
Min: -7.8   Max: 64.7
Current: 7.2

-7.8
64.7
EBITDA Growth (%) 25.70
ATVI's EBITDA Growth (%) is ranked higher than
87% of the 1147 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 6.90 vs. ATVI: 25.70 )
ATVI' s 10-Year EBITDA Growth (%) Range
Min: -12.6   Max: 91.3
Current: 25.7

-12.6
91.3
EPS Growth (%) 42.30
ATVI's EPS Growth (%) is ranked higher than
91% of the 1069 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 7.60 vs. ATVI: 42.30 )
ATVI' s 10-Year EPS Growth (%) Range
Min: -16.4   Max: 125.4
Current: 42.3

-16.4
125.4
» ATVI's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2013

ATVI Guru Trades in Q3 2013

Daniel Loeb 2,600,000 sh (New)
Signature Select Canadian Fund 468,600 sh (New)
Joel Greenblatt 1,464,965 sh (+19.82%)
Chris Davis 21,312,361 sh (+12.17%)
John Buckingham 338,154 sh (+0.52%)
Caxton Associates 900,000 sh (unchged)
RS Investment Management Sold Out
PRIMECAP Management 6,091,000 sh (-0.57%)
Steven Cohen 455,698 sh (-12.68%)
Mario Gabelli 15,000 sh (-38.27%)
Jim Simons 2,041,725 sh (-46.77%)
Paul Tudor Jones 53,000 sh (-96.22%)
» More
Q4 2013

ATVI Guru Trades in Q4 2013

Caxton Associates 100,000 sh (New)
Eric Mindich 280,000 sh (New)
Ray Dalio 690,089 sh (New)
Steven Cohen 1,076,325 sh (+136.19%)
Mario Gabelli 25,000 sh (+66.67%)
Daniel Loeb 4,000,000 sh (+53.85%)
PRIMECAP Management 6,079,004 sh (-0.2%)
John Buckingham 335,830 sh (-0.69%)
Paul Tudor Jones 49,300 sh (-6.98%)
Chris Davis 18,876,684 sh (-11.43%)
Joel Greenblatt 1,164,573 sh (-20.51%)
Jim Simons 1,577,798 sh (-22.72%)
» More
Q1 2014

ATVI Guru Trades in Q1 2014

John Burbank 11,564 sh (New)
Jim Simons 2,718,190 sh (+72.28%)
Mario Gabelli 28,000 sh (+12%)
PRIMECAP Management 6,351,204 sh (+4.48%)
John Buckingham 338,574 sh (+0.82%)
Paul Tudor Jones Sold Out
Eric Mindich Sold Out
Daniel Loeb Sold Out
Signature Select Canadian Fund Sold Out
Chris Davis 16,831,580 sh (-10.83%)
Joel Greenblatt 792,505 sh (-31.95%)
Caxton Associates 40,000 sh (-60%)
Ray Dalio 91,014 sh (-86.81%)
Steven Cohen 88,687 sh (-91.76%)
» More
Q2 2014

ATVI Guru Trades in Q2 2014

Paul Tudor Jones 124,248 sh (New)
Caxton Associates 175,000 sh (+337.5%)
Jim Simons 3,367,398 sh (+23.88%)
Ray Dalio 94,414 sh (+3.74%)
John Buckingham 340,335 sh (+0.52%)
Steven Cohen 509,100 sh (unchged)
John Burbank Sold Out
PRIMECAP Management 6,333,100 sh (-0.29%)
Chris Davis 15,423,966 sh (-8.36%)
Mario Gabelli 14,000 sh (-50%)
Joel Greenblatt 356,608 sh (-55%)
» More
» Details

Insider Trades

Latest Guru Trades with ATVI

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2014-06-30 Reduce -55%0.13%$19.04 - $22.095 $ 23.1313%356608
John Burbank 2014-06-30 Sold Out 0.01%$19.04 - $22.095 $ 23.1313%0
Mario Gabelli 2014-06-30 Reduce -50%$19.04 - $22.095 $ 23.1313%14000
Daniel Loeb 2014-03-31 Sold Out 1.2%$16.67 - $21.23 $ 23.1322%0
Joel Greenblatt 2014-03-31 Reduce -31.95%0.16%$16.67 - $21.23 $ 23.1322%792505
Ray Dalio 2014-03-31 Reduce -86.81%0.09%$16.67 - $21.23 $ 23.1322%91014
John Burbank 2014-03-31 New Buy0.01%$16.67 - $21.23 $ 23.1322%11564
Daniel Loeb 2013-12-31 Add 53.85%0.42%$16.28 - $18.17 $ 23.1335%4000000
Joel Greenblatt 2013-12-31 Reduce -20.51%0.16%$16.28 - $18.17 $ 23.1335%1164573
Ray Dalio 2013-12-31 New Buy0.1%$16.28 - $18.17 $ 23.1335%690089
Mario Gabelli 2013-12-31 Add 66.67%$16.28 - $18.17 $ 23.1335%25000
Daniel Loeb 2013-09-30 New Buy1.1%$14.32 - $18.27 $ 23.1340%2600000
Joel Greenblatt 2013-09-30 Add 19.82%0.13%$14.32 - $18.27 $ 23.1340%1464965
Mario Gabelli 2013-09-30 Reduce -38.27%$14.32 - $18.27 $ 23.1340%15000
Premium More recent guru trades are included for Premium Members only!!
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Top Ranked Articles about Activision Blizzard Inc

Groups of Gurus Hold 10-Year Low P/B Stocks - ATVI, CHL, MD
According to the GuruFocus Value Screen that shows value strategies of stocks traded at historical low P/B ratios, Activision Blizzard Inc. (ATVI), Mednax Inc. (MD) and China Mobile Ltd. (CHL) are held by fairly large groups of gurus and are traded at or near their 10-year historical low P/B ratios. Here are the company updates and a few trade highlights as of the third quarter of 2013. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 24.10
ATVI's P/E(ttm) is ranked higher than
76% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 47.80 vs. ATVI: 24.10 )
ATVI' s 10-Year P/E(ttm) Range
Min: 10.49   Max: 473.06
Current: 24.1

10.49
473.06
P/B 2.39
ATVI's P/B is ranked higher than
67% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 2.90 vs. ATVI: 2.39 )
ATVI' s 10-Year P/B Range
Min: 0.96   Max: 5.26
Current: 2.39

0.96
5.26
P/S 4.50
ATVI's P/S is ranked lower than
67% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 2.25 vs. ATVI: 4.50 )
ATVI' s 10-Year P/S Range
Min: 1.5   Max: 4.6
Current: 4.5

1.5
4.6
PFCF 17.79
ATVI's PFCF is ranked higher than
83% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 104.07 vs. ATVI: 17.79 )
ATVI' s 10-Year PFCF Range
Min: 9.26   Max: 904
Current: 17.79

9.26
904
EV-to-EBIT 13.74
ATVI's EV-to-EBIT is ranked higher than
80% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 33.95 vs. ATVI: 13.74 )
ATVI' s 10-Year EV-to-EBIT Range
Min: 5.1   Max: 258
Current: 13.74

5.1
258
PEG 0.65
ATVI's PEG is ranked higher than
95% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 9999.00 vs. ATVI: 0.65 )
ATVI' s 10-Year PEG Range
Min: 0.47   Max: 47.15
Current: 0.65

0.47
47.15
Shiller P/E 36.86
ATVI's Shiller P/E is ranked higher than
84% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 9999.00 vs. ATVI: 36.86 )
ATVI' s 10-Year Shiller P/E Range
Min: 21.12   Max: 87.1
Current: 36.86

21.12
87.1
Current Ratio 3.01
ATVI's Current Ratio is ranked higher than
84% of the 1130 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.98 vs. ATVI: 3.01 )
ATVI' s 10-Year Current Ratio Range
Min: 1.81   Max: 11.59
Current: 3.01

1.81
11.59
Quick Ratio 2.92
ATVI's Quick Ratio is ranked higher than
84% of the 1130 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.85 vs. ATVI: 2.92 )
ATVI' s 10-Year Quick Ratio Range
Min: 1.58   Max: 11.16
Current: 2.92

1.58
11.16

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.86
ATVI's Dividend Yield is ranked lower than
75% of the 880 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.62 vs. ATVI: 0.86 )
ATVI' s 10-Year Dividend Yield Range
Min: 0.86   Max: 1.56
Current: 0.86

0.86
1.56
Dividend Payout 0.23
ATVI's Dividend Payout is ranked higher than
91% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 9999.00 vs. ATVI: 0.23 )
ATVI' s 10-Year Dividend Payout Range
Min: 0.39   Max: 0.55
Current: 0.23

0.39
0.55
Dividend growth (3y) 8.20
ATVI's Dividend growth (3y) is ranked higher than
82% of the 515 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 0.30 vs. ATVI: 8.20 )
ATVI' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 8.2
Current: 8.2

0
8.2
Yield on cost (5-Year) 0.90
ATVI's Yield on cost (5-Year) is ranked lower than
72% of the 912 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.70 vs. ATVI: 0.90 )
ATVI' s 10-Year Yield on cost (5-Year) Range
Min: 0.95   Max: 1.56
Current: 0.9

0.95
1.56
Share Buyback Rate 5.70
ATVI's Share Buyback Rate is ranked higher than
96% of the 1183 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: -1.20 vs. ATVI: 5.70 )
ATVI' s 10-Year Share Buyback Rate Range
Min: 5.7   Max: -29
Current: 5.7

Valuation & Return

vs
industry
vs
history
Price/DCF (Projected) 1.01
ATVI's Price/DCF (Projected) is ranked higher than
91% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 9999.00 vs. ATVI: 1.01 )
ATVI' s 10-Year Price/DCF (Projected) Range
Min: 0.5   Max: 7.58
Current: 1.01

0.5
7.58
Price/Median PS Value 1.48
ATVI's Price/Median PS Value is ranked higher than
50% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.20 vs. ATVI: 1.48 )
ATVI' s 10-Year Price/Median PS Value Range
Min: 0.1   Max: 1.44
Current: 1.48

0.1
1.44
Price/Peter Lynch Fair Value 0.94
ATVI's Price/Peter Lynch Fair Value is ranked higher than
94% of the 1830 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 9999.00 vs. ATVI: 0.94 )
ATVI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.49   Max: 42.75
Current: 0.94

0.49
42.75
Earnings Yield (Greenblatt) 7.30
ATVI's Earnings Yield (Greenblatt) is ranked higher than
68% of the 1440 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 5.60 vs. ATVI: 7.30 )
ATVI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 19.5
Current: 7.3

0.4
19.5
Forward Rate of Return (Yacktman) 32.40
ATVI's Forward Rate of Return (Yacktman) is ranked higher than
93% of the 1246 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 6.02 vs. ATVI: 32.40 )
ATVI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 4.6   Max: 33.4
Current: 32.4

4.6
33.4

Business Description

Industry: Application Software » Electronic Gaming & Multimedia
Compare:NTDOY, TABCF, EA, KNM, IGT » details
Traded in other countries:AIY.Germany
Activision Blizzard, Inc., was originally incorporated in California in 1979 and was reincorporated in Delaware in December 1992. On July 9, 2008, a business combination by and among Activision, Inc., Sego Merger Corporation, a wholly-owned subsidiary of Activision, Inc., Vivendi S.A., VGAC LLC, a wholly-owned subsidiary of Vivendi , and Vivendi Games, Inc., a wholly-owned subsidiary of VGAC LLC, was consummated. As a result, Activision, Inc. was renamed Activision Blizzard, Inc. The Company, through Activision Publishing, Inc., develops and publishes interactive software products and content, with a focus on developing and publishing video games on various consoles, handheld platforms and the PC both internally developed franchises and licensed properties. The Company operates in three segments - Activision Publishing, Blizzard Entertainment, and Activision Blizzard Distribution. The Activision Publishing, Inc. and its subsidiaries publish interactive entertainment software products and downloadable content. Blizzard Entertainment, Inc. and its subsidiaries publish real-time strategy, role-playing PC games and online subscription-based games in the MMORPG category. Activision Blizzard Distribution distributes interactive entertainment software and hardware products. The Company has been known for its internally-developed intellectual property, Call of Duty. On November 13, 2012, it released the latest series of the same - Call of Duty: Black Ops II. During 2012, it released four collections of downloadable content packs for Call of Duty: Modern Warfare 3. On January 29, 2013, it released Revolution, the first downloadable map pack for Call of Duty: Black Ops II, on the Xbox 360. The Company distributes interactive entertainment hardware and software products in Europe through its European distribution subsidiaries: Centresoft, in the U.K., and NBG, in Germany. These subsidiaries act as wholesalers in the distribution of products and also provide packaging, logistical and sales services. They provide services to its publishing operations and to various third-party publishers, including Sony, Nintendo, and Microsoft. The company primarily competes with other publishers of PC, online and video game console interactive entertainment software. In addition to third-party software competitors, integrated video game console hardware and software companies, such as Sony, Nintendo and Microsoft, compete directly with it in the development of software titles for their respective platforms. Lastly, it competes with publishers of mobile games, who focus on publishing games for handheld and mobile devices.
» More Articles for ATVI

Headlines

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Activision Blizzard Is Poised for Long-Term Success May 05 2014 
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Invest in Activision Blizzard to Profit from the Gaming Industry Apr 23 2014 
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