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15.61 (1y: +28%)
Market Cap 17.16 B P/E(ttm) 14.40
Enterprise Value 12.47 B P/B 1.50
ATVI- NAS (USA)
Activision Blizzard, Inc.
  • Currently 2/5
Business Predictability Rank: 2-Star
Back Testing Results:
Average gain of all 2-Star stocks: 6% per year.
% of Stocks that are in still loss if held for 10yrs: 16%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$15.61
Switch to:

GuruFocus Financial Strength Rank measures how strong a companyÂ’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 : 9/10

vs
industry		 vs
history
Cash to Debt No Debt
ATVI's Cash to Debt is ranked lower than
97371% of the 1027 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 51.37 vs. ATVI: No Debt )
ATVI' s 10-Year Cash to Debt Range
Min: 0.56   Max: No Debt
Current: No Debt
Equity to Asset 0.261
ATVI's Equity to Asset is ranked lower than
114155% of the 876 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 0.54 vs. ATVI: 0.261 )
ATVI' s 10-Year Equity to Asset Range
Min: 0.18   Max: 0.76
Current: 0.26
0.18
0.76
Interest Coverage No Debt
ATVI's Interest Coverage is ranked lower than
125470% of the 797 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 10000.00 vs. ATVI: No Debt )
ATVI' s 10-Year Interest Coverage Range
Min: 6   Max: No Debt
Current: No Debt
F-Score: 7
Z-Score: 6.06
M-Score: -0.62
GuruFocus Profitability Rank ranks how profitable a company is and how likely the companyÂ’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 (%) 29.90
ATVI's Operating margin (%) is ranked lower than
131752% of the 759 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 9.00 vs. ATVI: 29.90 )
ATVI' s 10-Year Operating margin (%) Range
Min: -7.7   Max: 29.9
Current: 29.9
-7.7
29.9
Net-margin (%) 23.7
ATVI's Net-margin (%) is ranked lower than
135869% of the 736 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 7.30 vs. ATVI: 23.7 )
ATVI' s 10-Year Net-margin (%) Range
Min: -6   Max: 23.7
Current: 23.7
-6
23.7
ROE (%) 10.2
ATVI's ROE (%) is ranked lower than
137363% of the 728 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 9.90 vs. ATVI: 10.2 )
ATVI' s 10-Year ROE (%) Range
Min: -25.8   Max: 17.7
Current: 10.2
-25.8
17.7
ROA (%) 8.1
ATVI's ROA (%) is ranked lower than
136426% of the 733 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 5.90 vs. ATVI: 8.1 )
ATVI' s 10-Year ROA (%) Range
Min: -11   Max: 13.6
Current: 8.1
-11
13.6
Revenue Growth (%) 7.4
ATVI's Revenue Growth (%) is ranked lower than
239808% of the 417 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 9.00 vs. ATVI: 7.4 )
ATVI' s 10-Year Revenue Growth (%) Range
Min: -5.9   Max: 16.2
Current: 7.4
-5.9
16.2
EBITDA Growth (%) 32.3
ATVI's EBITDA Growth (%) is ranked lower than
341297% of the 293 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 12.70 vs. ATVI: 32.3 )
ATVI' s 10-Year EBITDA Growth (%) Range
Min: -8.7   Max: 44.6
Current: 32.3
-8.7
44.6
EPS Growth (%) 83
ATVI's EPS Growth (%) is ranked lower than
396825% of the 252 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 15.20 vs. ATVI: 83 )
ATVI' s 10-Year EPS Growth (%) Range
Min: -12.6   Max: 83
Current: 83
-12.6
83
» ATVI's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

ATVI Guru Trades in Q2 2012

Steven Cohen 564,796 sh (+283.79%)
Ray Dalio 194,600 sh (+61.9%)
Joel Greenblatt 868,303 sh (+18.62%)
RS Investment Management 9,023,593 sh (+18.26%)
John Buckingham 393,107 sh (+12.55%)
PRIMECAP Management 5,613,400 sh (+5.43%)
Zeke Ashton 125,000 sh (unchged)
Jim Chanos Sold Out
Chris Davis 21,247,174 sh (-0.38%)
Mario Gabelli 30,500 sh (-14.08%)
Zeke Ashton 300,000 sh (-33.33%)
Paul Tudor Jones 72,400 sh (-33.82%)
Whitney Tilson 200,000 sh (-42.86%)
Jeremy Grantham 37,300 sh (-44.49%)
» More
Q3 2012

ATVI Guru Trades in Q3 2012

Steven Cohen 4,247,187 sh (+651.99%)
Ray Dalio 970,170 sh (+398.55%)
Paul Tudor Jones 95,200 sh (+31.49%)
RS Investment Management 10,616,759 sh (+17.66%)
PRIMECAP Management 5,736,200 sh (+2.19%)
Zeke Ashton 300,000 sh (unchged)
Whitney Tilson 200,000 sh (unchged)
Mario Gabelli 30,500 sh (unchged)
Jeremy Grantham Sold Out
Chris Davis 21,165,409 sh (-0.38%)
John Buckingham 369,283 sh (-6.06%)
Joel Greenblatt 658,820 sh (-24.13%)
» More
Q4 2012

ATVI Guru Trades in Q4 2012

Jim Simons 2,360,298 sh (New)
Joel Greenblatt 1,022,884 sh (+55.26%)
Paul Tudor Jones 102,800 sh (+7.98%)
PRIMECAP Management 6,044,400 sh (+5.37%)
RS Investment Management 10,994,976 sh (+3.56%)
Zeke Ashton 275,000 sh (unchged)
Whitney Tilson 200,000 sh (unchged)
Ray Dalio Sold Out
Chris Davis 19,976,589 sh (-5.62%)
Mario Gabelli 28,000 sh (-8.2%)
John Buckingham 336,044 sh (-9%)
Zeke Ashton 217,000 sh (-27.67%)
Steven Cohen 938,256 sh (-77.91%)
» More
Q1 2013

ATVI Guru Trades in Q1 2013

Bruce Kovner 375,000 sh (New)
Louis Moore Bacon 50,000 sh (New)
Jim Simons 5,908,376 sh (+150.32%)
Joel Greenblatt 1,022,955 sh (+0.01%)
Zeke Ashton Sold Out
Whitney Tilson Sold Out
John Buckingham 333,577 sh (-0.73%)
PRIMECAP Management 5,969,600 sh (-1.24%)
Chris Davis 19,490,059 sh (-2.44%)
Mario Gabelli 22,000 sh (-21.43%)
RS Investment Management 6,636,677 sh (-39.64%)
Paul Tudor Jones 12,200 sh (-88.13%)
Steven Cohen 38,686 sh (-95.88%)
» More
» Details

Insider Trades

Latest Guru Trades with ATVI

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2013-03-31 Reduce -21.43%$10.62 - $15.03 $ 15.5419%22000
Joel Greenblatt 2012-12-31 Add 55.26%0.22%$10.56 - $11.58 $ 15.5440%1022884
Ray Dalio 2012-12-31 Sold Out 0.15%$10.56 - $11.58 $ 15.5440%0
Joel Greenblatt 2012-09-30 Reduce -24.13%0.19%$11.15 - $12.48 $ 15.5431%658820
Ray Dalio 2012-09-30 Add 398.55%0.12%$11.15 - $12.48 $ 15.5431%970170
Joel Greenblatt 2012-06-30 Add 18.62%0.12%$11.45 - $12.99 $ 15.5427%868303
Ray Dalio 2012-06-30 Add 61.9%0.01%$11.45 - $12.99 $ 15.5427%194600
Joel Greenblatt 2012-03-31 Add 305.57%0.62%$11.67 - $12.86 $ 15.5437%732031
Ray Dalio 2012-03-31 Add 228.42%0.02%$11.67 - $12.86 $ 15.5437%120200
Mario Gabelli 2012-03-31 Reduce -31.07%$11.67 - $12.86 $ 15.5437%35500
Joel Greenblatt 2011-12-31 Add 29.02%0.06%$11.65 - $13.93 $ 15.5423%180493
Ray Dalio 2011-12-31 Reduce -80.66%0.03%$11.65 - $13.93 $ 15.5423%36600
Mario Gabelli 2011-12-31 Reduce -24.26%$11.65 - $13.93 $ 15.5423%51500
Ray Dalio 2011-09-30 Add 54.45%0.01%$10.43 - $12.18 $ 15.5434%189200
George Soros 2011-09-30 Sold Out 0.0026%$10.43 - $12.18 $ 15.5433%0
Joel Greenblatt 2011-06-30 New Buy0.27%$10.87 - $11.99 $ 15.5436%166991
George Soros 2011-06-30 Reduce -65.72%0.01%$10.87 - $11.99 $ 15.5436%15700
Ron Baron 2011-06-30 Sold Out $10.87 - $11.99 $ 15.5436%0
Mario Gabelli 2011-03-31 Reduce -77.29%0.03%$10.45 - $12.53 $ 15.5437%67000
Ron Baron 2011-03-31 Reduce -62.91%0.03%$10.45 - $12.53 $ 15.5437%355000
George Soros 2011-03-31 Add 72.83%$10.45 - $12.53 $ 15.5437%45800
Steve Mandel 2010-12-31 Sold Out 0.66%$10.99 - $12.57 $ 15.5433%0
PRIMECAP Management 2010-12-31 Add 34.57%0.03%$10.99 - $12.57 $ 15.5433%5354700
George Soros 2010-12-31 Reduce -54.78%$10.99 - $12.57 $ 15.5433%26500
Mario Gabelli 2010-12-31 Add 63.89%$10.99 - $12.57 $ 15.5433%295000
Steve Mandel 2010-09-30 Reduce -46.72%0.58%$10.54 - $11.95 $ 15.5439%6995112
Ron Baron 2010-09-30 Add 406.97%0.05%$10.54 - $11.95 $ 15.5439%887200
PRIMECAP Management 2010-09-30 Add 173.75%0.04%$10.54 - $11.95 $ 15.5439%3979000
Ron Baron 2010-06-30 Reduce -51.82%0.01%$10.2425 - $12.5 $ 15.5439%175000
PRIMECAP Management 2010-06-30 Add 88.03%0.01%$10.2425 - $12.5 $ 15.5439%1453500
Steve Mandel 2010-03-31 New Buy1.44%$10.01 - $12.03 $ 15.5442%13237180
PRIMECAP Management 2010-03-31 New Buy0.01%$10.01 - $12.03 $ 15.5442%773000
Premium More recent guru trades are included for Premium Members only!!

Top Ranked Articles about Activision Blizzard, Inc.

Weekly CEO Sells Highlight: Activision Blizzard, Nielsen Holdings NV, Gilead Sciences, Autodesk
April 8, 2013
According to GuruFocus Insider Data, these are the largest CEO sales during the past week: Activision Blizzard Inc., Nielsen Holdings NV, Gilead Sciences Inc. and Autodesk Inc. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 14.40
ATVI's P/E(ttm) is ranked lower than
134228% of the 745 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 20.80 vs. ATVI: 14.40 )
ATVI' s 10-Year P/E(ttm) Range
Min: 10.49   Max: 1036
Current: 14.4
10.49
1036
P/B 1.50
ATVI's P/B is ranked lower than
100402% of the 996 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 2.00 vs. ATVI: 1.50 )
ATVI' s 10-Year P/B Range
Min: 1.02   Max: 5.73
Current: 1.5
1.02
5.73
P/S 3.50
ATVI's P/S is ranked lower than
96432% of the 1037 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.60 vs. ATVI: 3.50 )
ATVI' s 10-Year P/S Range
Min: 0.28   Max: 4.2
Current: 3.5
0.28
4.2
PFCF 12.10
ATVI's PFCF is ranked lower than
140845% of the 710 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 18.06 vs. ATVI: 12.10 )
ATVI' s 10-Year PFCF Range
Min: 1.96   Max: 123
Current: 12.1
1.96
123
EV-to-EBIT 8.5
ATVI's EV-to-EBIT is ranked lower than
122249% of the 818 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 15.61 vs. ATVI: 8.5 )
ATVI' s 10-Year EV-to-EBIT Range
Min: 3.4   Max: 258
Current: 8.5
3.4
258
PEG 0.3
ATVI's PEG is ranked lower than
370370% of the 270 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.60 vs. ATVI: 0.3 )
ATVI' s 10-Year PEG Range
Min: 0.3   Max: 118.26
Current: 0.3
0.3
118.26
Shiller P/E 26.7
ATVI's Shiller P/E is ranked lower than
100% of the Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: vs. ATVI: 26.7 )
ATVI' s 10-Year Shiller P/E Range
Min: 21.12   Max: 87.1
Current: 26.7
21.12
87.1

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 1.20
ATVI's Dividend Yield is ranked lower than
206185% of the 485 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.98 vs. ATVI: 1.20 )
ATVI' s 10-Year Dividend Yield Range
Min: 1.2   Max: 1.7
Current: 1.2
1.2
1.7
Dividend Payout 0.1737
ATVI's Dividend Payout is ranked lower than
277778% of the 360 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 0.50 vs. ATVI: 0.1737 )
ATVI' s 10-Year Dividend Payout Range
Min: 0.18   Max: 0.44
Current: 0.17
0.18
0.44
Yield on cost (5-Year) 1.20
ATVI's Yield on cost (5-Year) is ranked lower than
200803% of the 498 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 2.00 vs. ATVI: 1.20 )
ATVI' s 10-Year Yield on cost (5-Year) Range
Min: 1.2   Max: 1.7
Current: 1.2
1.2
1.7
Share Buyback Rate 3.9
ATVI's Share Buyback Rate is ranked lower than
751879% of the 133 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 0.90 vs. ATVI: 3.9 )
ATVI' s 10-Year Share Buyback Rate Range
Min: 3.9   Max: -21
Current: 3.9

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 11.6
ATVI's Price/Net Cash is ranked lower than
259067% of the 386 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 8.90 vs. ATVI: 11.6 )
ATVI' s 10-Year Price/Net Cash Range
Min: 3.3   Max: 55.6
Current: 11.6
3.3
55.6
Price/Net Current Asset Value 27.3
ATVI's Price/Net Current Asset Value is ranked lower than
141044% of the 709 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 11.80 vs. ATVI: 27.3 )
ATVI' s 10-Year Price/Net Current Asset Value Range
Min: 3   Max: 76.6
Current: 27.3
3
76.6
Price/Tangible Book 4.7
ATVI's Price/Tangible Book is ranked lower than
115875% of the 863 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 3.00 vs. ATVI: 4.7 )
ATVI' s 10-Year Price/Tangible Book Range
Min: 2   Max: 6.3
Current: 4.7
2
6.3
Price/DCF (Projected) 0.9
ATVI's Price/DCF (Projected) is ranked lower than
307692% of the 325 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.30 vs. ATVI: 0.9 )
ATVI' s 10-Year Price/DCF (Projected) Range
Min: 0.7   Max: 2.8
Current: 0.9
0.7
2.8
Price/Median PS Value 1.3
ATVI's Price/Median PS Value is ranked lower than
100806% of the 992 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.10 vs. ATVI: 1.3 )
ATVI' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 1.4
Current: 1.3
0.2
1.4
Price/Peter Lynch Fair Value 0.7
ATVI's Price/Peter Lynch Fair Value is ranked lower than
621117% of the 161 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.40 vs. ATVI: 0.7 )
ATVI' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.7   Max: 61.7
Current: 0.7
0.7
61.7
Price/Graham Number 1.8
ATVI's Price/Graham Number is ranked lower than
153610% of the 651 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 1.80 vs. ATVI: 1.8 )
ATVI' s 10-Year Price/Graham Number Range
Min: 1.2   Max: 5.8
Current: 1.8
1.2
5.8
Earnings Yield (Greenblatt) 11.70
ATVI's Earnings Yield (Greenblatt) is ranked lower than
121065% of the 826 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 6.20 vs. ATVI: 11.70 )
ATVI' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.4   Max: 29.5
Current: 11.7
0.4
29.5
Forward Rate of Return (Yacktman) 23.87
ATVI's Forward Rate of Return (Yacktman) is ranked lower than
316455% of the 316 Companies
in the Global Electronic Gaming & Multimedia industry.

( Industry Median: 12.15 vs. ATVI: 23.87 )
ATVI' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -1.2   Max: 27.8
Current: 23.87
-1.2
27.8

Business Description

Activision, Inc. was originally incorporated in California in 1979 and was reincorporated in Delaware in December 1992. The Company is a worldwide online, personal computer, console and hand-held game publisher. It has three operating segments: Activision Publishing, Inc., Blizzard Entertainment, Inc., and Activision Blizzard Distribution. Through Activision Publishing, Inc. it is an international publisher of interactive software products and content, with a focus on developing and publishing video games on various consoles, handheld platforms and the PC platform through internally developed franchises and license agreements. Activision currently offers games that operate on the Sony Computer Entertainment Inc. PlayStation 3, Nintendo Co. Ltd. Wii, and Microsoft Corporation Xbox 360 console systems; the Nintendo Dual Screen handheld game systems; the PC; Apple iOS devices and other handheld and mobile devices. Through Blizzard Entertainment, Inc. it is the publisher of online subscription-based games in the massively multiplayer online role-playing game category. Blizzard also internally develops and publishes PC-based computer games and maintains its proprietary online-game related service, Battle.net. The Company's Activision business involves the development, marketing, and sale of products through retail channels or digital downloads, by license or from its affiliate label program with certain third-party publishers. The Company's Activision business involves the development, marketing, and sale of products through retail channels or digital downloads, by license or from its affiliate label program with certain third-party publishers. Activision released Call of Duty: Modern Warfare 3, which set new interactive entertainment launch retail sales records with over $775 million of retail sales within five days of launch, exceeding the prior year's record-setting launch of Call of Duty: Black Ops, according to Charttrack and retail customer sales information.On October 16, 2011, it launched Skylanders Spyro's Adventure, a new intellectual property that combines the use of toys with video games, delivering a new game play experience to its audiences. Blizzard is the development studio and publisher best known as the creator of World of Warcraft, as well as the multiple award winning Diablo and StarCraft franchises. Blizzard distributes its products and generates revenues worldwide through various means, including: subscriptions; retail sales of physical "boxed" products; online download sales of PC products; and licensing of software to third-party or related party companies that distribute World of Warcraft and StarCraft II products. Blizzard has released three expansion packs to World of Warcraft—World of Warcraft: The Burning Crusade, World of Warcraft: Wrath of the Lich King, and World of Warcraft: Cataclysm. In July 2010, the company launched the sequel to StarCraft, StarCraft II: Wings of Liberty. In conjunction with the
Company Website
SEC Reports
Industry: Electronic Gaming & Multimedia
Compare:NTDOY, TABCF, EA, KNM, IGT
Traded in other countries:AIY.Germany
» More Articles for ATVI

Headlines

symbol=ATVI Articles On GuruFocus.com
Weekly CEO Sells Highlight: Activision Blizzard, Nielsen Holdings NV, Gilead Sciences, Autodesk Apr 08 2013 
My 4 Favorite Stocks with Dividend Growth from Last Week Feb 10 2013 
My 3 Favorite Technology Dividend Stocks - High Growth, Low Beta and Debt Nov 06 2012 
20 Best Dividend-Paying Technology Stocks Sep 05 2012 
How Long Does It Take to Develop an Investing Style? Mar 23 2012 
The Portfolio of Mr. Zeke Ashton Analyzed - Buffett Ratio Guru Portfolio Analysis Jan 14 2012 
Weekly CEO Sells Highlight: Activision Blizzard Inc, M.D.C. Holdings Inc, Bank of the Ozarks, and Ar Nov 21 2011 
Whitney Tilson Top Buys Nov 15 2011 
Magic Formula Stock of the Week: Activision Blizzard Oct 10 2011 
52-Week High Companies: ATVI, VFC, BMY, D, SHY Oct 10 2011 

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