Activision Blizzard Inc

$ 45.33 -0.44 (-0.96%)
Volume: 5,431,828 Avg Vol (1m): 7,625,352
Market Cap $: 34.72 Bil Enterprise Value $: 32.70 Bil
P/E (TTM): 19.86 P/B: 3.02
Earnings Power Value 21.14
Net Current Asset Value -0.41
Tangible Book 1.39
Projected FCF 42.36
Median P/S Value 35.48
Graham Number 8.46
Peter Lynch Value 37.16
DCF (FCF Based) 38.07
DCF (Earnings Based) 53.94
1Y (-%)

Financial Strength : 7/10

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.
Current vs industry vs history
Cash-to-Debt 1.76
Cash-To-Debt ranked lower than
63.49% of 2180 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 52661, Med: 5.23, Min: 0.01
ATVI: 1.76
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.11, Med: 10000, Max: 10000
Current: 1.76
0.11
10000
Equity-to-Asset 0.65
Equity-to-Asset ranked higher than
57.40% of 2115 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 1.55, Med: 0.6, Min: -56.05
ATVI: 0.65
Ranked among companies with meaningful Equity-to-Asset only.
Equity-to-Asset range over the past 10 years
Min: 0.35, Med: 0.79, Max: 0.94
Current: 0.65
0.35
0.94
Debt-to-Equity 0.23
Debt-to-Equity ranked higher than
53.75% of 1267 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 248.23, Med: 0.27, Min: 0.01
ATVI: 0.23
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0, Med: 0.51, Max: 0.9
Current: 0.23
0
0.9
Debt-to-EBITDA 0.92
Debt-to-EBITDA ranked higher than
57.91% of 1112 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 5506.28, Med: 1.26, Min: 0.01
ATVI: 0.92
Ranked among companies with meaningful Debt-to-EBITDA only.
Debt-to-EBITDA range over the past 10 years
Min: 0.9, Med: 2.08, Max: 2.83
Current: 0.92
0.9
2.83
Interest Coverage 43.91
Interest Coverage ranked lower than
56.46% of 1702 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 14867928, Med: 46.64, Min: 0.01
ATVI: 43.91
Ranked among companies with meaningful Interest Coverage only.
Interest Coverage range over the past 10 years
Min: 5.69, Med: 25.83, Max: 1451
Current: 43.91
5.69
1451
Piotroski F-Score 7
0
1
2
3
4
5
6
7
8
9
Altman Z-Score 4.85
DISTRESS
GREY
SAFE
Beneish M-Score -1.98
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 19.62%
WACC 6.92%

Profitability & Growth : 8/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Operating Margin % 27.45
Operating Margin ranked higher than
91.42% of 2144 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 678.59, Med: 4.91, Min: -510650
ATVI: 27.45
Ranked among companies with meaningful Operating Margin only.
Operating Margin range over the past 10 years
Min: 9.49, Med: 26.68, Max: 29.94
Current: 27.45
9.49
29.94
Net Margin % 23.92
Net Margin ranked higher than
92.86% of 2144 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 990.53, Med: 3.58, Min: -307550
ATVI: 23.92
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: 2.64, Med: 19.04, Max: 24.17
Current: 23.92
2.64
24.17
ROE % 16.36
ROE ranked higher than
77.06% of 2062 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 1271.48, Med: 6.36, Min: -234428.57
ATVI: 16.36
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: 1.78, Med: 10.67, Max: 17.42
Current: 16.36
1.78
17.42
ROA % 9.90
ROA ranked higher than
79.26% of 2199 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 3269.23, Med: 2.95, Min: -16416.67
ATVI: 9.9
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: 1.39, Med: 5.94, Max: 9.93
Current: 9.9
1.39
9.93
ROC (Joel Greenblatt) % 724.53
ROC (Joel Greenblatt) ranked higher than
94.92% of 2165 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 85250, Med: 23.63, Min: -99999999.99
ATVI: 724.53
Ranked among companies with meaningful ROC (Joel Greenblatt) only.
ROC (Joel Greenblatt) range over the past 10 years
Min: -4.16, Med: 726.36, Max: 983.51
Current: 724.53
-4.16
983.51
3-Year Total Revenue Growth Rate 17.20
3-Year Revenue Growth Rate ranked higher than
72.88% of 1829 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 1196.4, Med: 6.3, Min: -100
ATVI: 15.5
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -18.6, Med: 14.7, Max: 200.1
Current: 15.5
-18.6
200.1
3-Year Total EBITDA Growth Rate 18.10
3-Year EBITDA Growth Rate ranked higher than
64.36% of 1588 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 1165.1, Med: 9.1, Min: -450.9
ATVI: 16.4
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
3-Year EBITDA Growth Rate range over the past 10 years
Min: 0, Med: 15.8, Max: 165
Current: 16.4
0
165
3-Year EPS w/o NRI Growth Rate 25.50
3-Year EPS w/o NRI Growth Rate ranked higher than
70.25% of 1432 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 719.3, Med: 10.7, Min: -502.1
ATVI: 25.5
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 9.2, Max: 123.9
Current: 25.5
0
123.9

» ATVI's 30-Y Financials

Financials (Next Earnings Date: 2019-08-02)

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Business Description

Industry Application Software » Electronic Gaming & Multimedia    NAICS : 511210    SIC : 7372
Compare NAS:EA TSE:7974 TSE:3659 NYSE:SE ASX:ALL NAS:TTWO XPAR:UBI XKRX:036570 XKRX:251270 TSE:9766 NAS:ZNGA WAR:CDR SZSE:002558 TSE:9684 HKSE:03888 TSE:6460 OSTO:THQN B SZSE:300418 SZSE:002174 TSE:3635
Traded in other countries AIY.Germany AIY.Switzerland 0H8X.UK
Address 3100 Ocean Park Boulevard, Santa Monica, CA, USA, 90405
Activision Blizzard was formed in 2008 by the merger of Activision, one of the largest console video game publishers, and Blizzard, one of largest PC video game publishers. The combined firm remains one of the world's largest video game publishers. Activision's impressive franchise portfolio includes World of Warcraft, which boasts more than $8 billion of lifetime sales, and Call of Duty, which has sold over 175 million copies across 14 titles over 12 years.

Ratios

Current vs industry vs history
PE Ratio (TTM) 19.86
PE Ratio ranked higher than
62.51% of 1475 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 10600, Med: 24.79, Min: 0.01
ATVI: 19.86
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 10.56, Med: 26.28, Max: 1036
Current: 19.86
10.56
1036
Forward PE Ratio 21.83
Forward P/E ranked higher than
61.84% of 456 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 2500, Med: 26.18, Min: 2.66
ATVI: 21.83
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 19.86
PE without NRI ranked higher than
62.73% of 1414 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 10600, Med: 24.46, Min: 0.01
ATVI: 19.86
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 10.56, Med: 26.28, Max: 1036
Current: 19.86
10.56
1036
Price-to-Owner-Earnings 26.55
Price-to-Owner-Earnings ranked higher than
51.69% of 826 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 2445, Med: 25.26, Min: 0.08
ATVI: 26.55
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 10.24, Med: 20.75, Max: 176.87
Current: 26.55
10.24
176.87
PB Ratio 3.02
PB Ratio ranked lower than
50.84% of 2262 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 5500, Med: 2.93, Min: 0.01
ATVI: 3.02
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.99, Med: 2.03, Max: 6.06
Current: 3.02
0.99
6.06
PS Ratio 4.74
PS Ratio ranked lower than
66.98% of 2268 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 285714.29, Med: 2.86, Min: 0
ATVI: 4.74
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 2.12, Med: 3.72, Max: 8.95
Current: 4.74
2.12
8.95
Price-to-Free-Cash-Flow 21.92
Price-to-Free-Cash-Flow ranked higher than
64.39% of 924 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 2237.2, Med: 28.2, Min: 0.08
ATVI: 21.92
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 9.29, Med: 16.05, Max: 287.62
Current: 21.92
9.29
287.62
Price-to-Operating-Cash-Flow 20.41
Price-to-Operating-Cash-Flow ranked higher than
52.84% of 1181 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 6271.25, Med: 20.26, Min: 0.04
ATVI: 20.41
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 8.78, Med: 14.83, Max: 137.27
Current: 20.41
8.78
137.27
EV-to-EBIT 16.17
EV-to-EBIT ranked higher than
54.13% of 1537 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 119475.88, Med: 18.1, Min: 0.05
ATVI: 16.17
Ranked among companies with meaningful EV-to-EBIT only.
EV-to-EBIT range over the past 10 years
Min: -2861, Med: 16.35, Max: 110.3
Current: 16.17
-2861
110.3
EV-to-EBITDA 11.27
EV-to-EBITDA ranked higher than
62.91% of 1661 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 64649.64, Med: 14.06, Min: 0.01
ATVI: 11.27
Ranked among companies with meaningful EV-to-EBITDA only.
EV-to-EBITDA range over the past 10 years
Min: 4.2, Med: 11.8, Max: 53.8
Current: 11.27
4.2
53.8
EV-to-Revenue 4.44
EV-to-Revenue ranked lower than
64.12% of 2327 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 295554.27, Med: 2.52, Min: 0.01
ATVI: 4.44
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: 1.5, Med: 3.3, Max: 8.9
Current: 4.44
1.5
8.9
PEG Ratio 1.08
PEG Ratio ranked higher than
71.85% of 650 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 288.5, Med: 1.89, Min: 0.02
ATVI: 1.08
Ranked among companies with meaningful PEG Ratio only.
PEG Ratio range over the past 10 years
Min: 0.42, Med: 1.28, Max: 41.77
Current: 1.08
0.42
41.77
Shiller PE Ratio 42.27
Shiller PE Ratio ranked lower than
62.93% of 588 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 13256.8, Med: 33.85, Min: 0.02
ATVI: 42.27
Ranked among companies with meaningful Shiller PE Ratio only.
Shiller PE Ratio range over the past 10 years
Min: 30.17, Med: 52.35, Max: 145.92
Current: 42.27
30.17
145.92
Current Ratio 2.63
Current Ratio ranked higher than
59.04% of 2075 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 672.73, Med: 1.93, Min: 0.01
ATVI: 2.63
Ranked among companies with meaningful Current Ratio only.
Current Ratio range over the past 10 years
Min: 1.07, Med: 3.17, Max: 11.97
Current: 2.63
1.07
11.97
Quick Ratio 2.61
Quick Ratio ranked higher than
62.07% of 2075 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 672.73, Med: 1.78, Min: 0.01
ATVI: 2.61
Ranked among companies with meaningful Quick Ratio only.
Quick Ratio range over the past 10 years
Min: 0.8, Med: 3.03, Max: 11.44
Current: 2.61
0.8
11.44
Days Inventory 10.26
Days Inventory ranked higher than
60.55% of 1270 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 73152.82, Med: 16.77, Min: 0.01
ATVI: 10.26
Ranked among companies with meaningful Days Inventory only.
Days Inventory range over the past 10 years
Min: 6.45, Med: 29.97, Max: 45.3
Current: 10.26
6.45
45.3
Days Sales Outstanding 29.46
Days Sales Outstanding ranked higher than
69.31% of 2082 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 989.79, Med: 66.86, Min: 0.02
ATVI: 29.46
Ranked among companies with meaningful Days Sales Outstanding only.
Days Sales Outstanding range over the past 10 years
Min: 29.46, Med: 51.45, Max: 63.04
Current: 29.46
29.46
63.04
Days Payable 25.06
Days Payable ranked lower than
57.11% of 1870 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 2567.37, Med: 44.89, Min: 0.02
ATVI: 25.06
Ranked among companies with meaningful Days Payable only.
Days Payable range over the past 10 years
Min: 25.06, Med: 63.73, Max: 84.63
Current: 25.06
25.06
84.63

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 0.82
Trailing Dividend Yield ranked lower than
77.52% of 1450 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 35.84, Med: 1.55, Min: 0.01
ATVI: 0.82
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 0.41, Med: 0.96, Max: 1.7
Current: 0.82
0.41
1.7
Dividend Payout Ratio 0.16
Dividend Payout Ratio ranked higher than
86.40% of 919 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 24.56, Med: 0.33, Min: 0.01
ATVI: 0.16
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.15, Med: 0.19, Max: 0.83
Current: 0.16
0.15
0.83
3-Year Dividend Growth Rate (Per Share) 13.90
3-Year Dividend Growth Rate ranked higher than
60.58% of 619 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 291.5, Med: 8.9, Min: -100
ATVI: 13.9
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 0, Max: 14.5
Current: 13.9
0
14.5
Forward Dividend Yield % 0.81
Forward Dividend Yield ranked lower than
78.84% of 1375 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 46.15, Med: 1.79, Min: 0.01
ATVI: 0.81
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 1.50
Yield-on-Cost (5y) ranked lower than
64.06% of 1422 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 107.53, Med: 2.13, Min: 0.01
ATVI: 1.5
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 0.75, Med: 1.76, Max: 3.12
Current: 1.5
0.75
3.12
3-Year Share Buyback Rate -1.30
3-Year Share Buyback Rate ranked higher than
64.23% of 1507 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 100, Med: -3.3, Min: -1487.4
ATVI: -1.3
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -31.2, Med: -5.1, Max: 29.7
Current: -1.3
-31.2
29.7

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 32.61
Price-to-Tangible-Book ranked lower than
94.19% of 2013 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 5500, Med: 4.54, Min: 0.01
ATVI: 32.61
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 1.44, Med: 4.13, Max: 99.22
Current: 32.61
1.44
99.22
Price-to-Projected-FCF 1.07
Price-to-Intrinsic-Value-Projected-FCF ranked higher than
79.71% of 907 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 650.5, Med: 2.08, Min: 0.01
ATVI: 1.07
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.5, Med: 1.39, Max: 24.5
Current: 1.07
0.5
24.5
Price-to-DCF (Earnings Based) 0.84
Price-to-Intrinsic-Value-DCF (Earnings Based) ranked higher than
81.72% of 186 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 52.79, Med: 1.56, Min: 0.13
ATVI: 0.84
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
Price-to-Intrinsic-Value-DCF (Earnings Based) range over the past 10 years
Min: 0.37, Med: 1.13, Max: 78.55
Current: 0.84
0.37
78.55
Price-to-Median-PS-Value 1.28
Price-to-Median-PS-Value ranked lower than
66.83% of 2062 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 78, Med: 1, Min: 0.02
ATVI: 1.28
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.18, Med: 0.92, Max: 6.6
Current: 1.28
0.18
6.6
Price-to-Peter-Lynch-Fair-Value 1.22
Price-to-Peter-Lynch-Fair-Value ranked higher than
67.26% of 449 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 169, Med: 1.62, Min: 0.01
ATVI: 1.22
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
Price-to-Peter-Lynch-Fair-Value range over the past 10 years
Min: 0.48, Med: 1.52, Max: 55
Current: 1.22
0.48
55
Price-to-Graham-Number 5.36
Price-to-Graham-Number ranked lower than
83.93% of 1170 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 84.5, Med: 2.19, Min: 0.01
ATVI: 5.36
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 1.12, Med: 2.91, Max: 12.9
Current: 5.36
1.12
12.9
Earnings Yield (Joel Greenblatt) % 6.20
Earnings Yield (Greenblatt) ranked higher than
70.74% of 2413 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 2103.44, Med: 2.07, Min: -5000
ATVI: 6.2
Ranked among companies with meaningful Earnings Yield (Greenblatt) only.
Earnings Yield (Greenblatt) range over the past 10 years
Min: -1.9, Med: 5.5, Max: 19.6
Current: 6.2
-1.9
19.6
Forward Rate of Return (Yacktman) % 21.00
Forward Rate of Return ranked higher than
90.63% of 939 companies
in the Electronic Gaming & Multimedia industry.
Industry Max: 34548.51, Med: 10.12, Min: -301.2
ATVI: 21
Ranked among companies with meaningful Forward Rate of Return only.
Forward Rate of Return range over the past 10 years
Min: 19, Med: 22.9, Max: 26.7
Current: 21
19
26.7

More Statistics

Revenue (TTM) (Mil) $ 7,359
EPS (TTM) $ 2.28
Beta 0.9
Volatility % 42.12
52-Week Range $ 39.85 - 84.68
Shares Outstanding (Mil) 766.01

Analyst Estimate

Piotroski F-Score Details

Piotroski F-Score 7
Positive ROA Y
Positive CFROA Y
Higher ROA yoy Y
CFROA > ROA N
Lower Leverage yoy Y
Higher Current Ratio yoy Y
Less Shares Outstanding yoy Y
Higher Gross Margin yoy Y
Higher Asset Turnover yoy N