The Walt Disney Co (NYSE:DIS) Piotroski F-Score

: 8 (As of Today)

View and export this data going back to 1962. Start your Free Trial

Good Sign:

Piotroski F-Score is 8, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

The Walt Disney Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for The Walt Disney Co's Piotroski F-Score or its related term are showing as below:

DIS' s Piotroski F-Score Range Over the Past 10 Years
Min: 1 Med: 6 Max: 8
Current: 8

During the past 13 years, the highest Piotroski F-Score of The Walt Disney Co was 8. The lowest was 1. And the median was 6.

The Walt Disney Co Piotroski F-Score Historical Data

The historical data trend for The Walt Disney Co's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Walt Disney Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Piotroski F-Score

8.00

3.00

4.00

6.00

8.00

The Walt Disney Co Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Piotroski F-Score																6.00	7.00	8.00	8.00	8.00

Competitive Comparison

For the Entertainment subindustry, The Walt Disney Co's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

The Walt Disney Co Piotroski F-Score Distribution

For the Media - Diversified industry and Communication Services sector, The Walt Disney Co's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where The Walt Disney Co's Piotroski F-Score falls in comparison to its industry or sector. The grey bar indicates the Piotroski F-Score's extreme value range as defined by GuruFocus.

How is the Piotroski F-Score calculated?

This Year (Sep22) TTM:

Last Year (Sep21) TTM:

Net Income was 1104 + 470 + 1409 + 162 = $3,145 Mil.
Cash Flow from Operations was -201 + 1765 + 1922 + 2524 = $6,010 Mil.
Revenue was 21819 + 19249 + 21504 + 20150 = $82,722 Mil.
Gross Profit was 7252 + 6655 + 7822 + 6592 = $28,321 Mil.
Average Total Assets from the begining of this year (Sep21)
to the end of this year (Sep22) was
(203609 + 203311 + 202453 + 204074 + 203631) / 5 = $203415.6 Mil.
Total Assets at the begining of this year (Sep21) was $203,609 Mil.
Long-Term Debt & Capital Lease Obligation was $48,538 Mil.
Total Current Assets was $29,098 Mil.
Total Current Liabilities was $29,073 Mil.

Net Income was 17 + 901 + 918 + 159 = $1,995 Mil.

Revenue was 16249 + 15613 + 17022 + 18534 = $67,418 Mil.
Gross Profit was 4474 + 5831 + 5789 + 6193 = $22,287 Mil.
Average Total Assets from the begining of last year (Sep20)
to the end of last year (Sep21) was
(201549 + 201888 + 200250 + 202221 + 203609) / 5 = $201903.4 Mil.
Total Assets at the begining of last year (Sep20) was $201,549 Mil.
Long-Term Debt & Capital Lease Obligation was $51,769 Mil.
Total Current Assets was $33,657 Mil.
Total Current Liabilities was $31,077 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

The Walt Disney Co's current Net Income (TTM) was 3,145. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

The Walt Disney Co's current Cash Flow from Operations (TTM) was 6,010. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)	=	Net Income	/	Total Assets (Sep21)
	=	3145	/	203609
	=	0.01544627

ROA (Last Year)	=	Net Income	/	Total Assets (Sep20)
	=	1995	/	201549
	=	0.00989834

The Walt Disney Co's return on assets of this year was 0.01544627. The Walt Disney Co's return on assets of last year was 0.00989834. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

The Walt Disney Co's current Net Income (TTM) was 3,145. The Walt Disney Co's current Cash Flow from Operations (TTM) was 6,010. ==> 6,010 > 3,145 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep22)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Sep21 to Sep22
	=	48538	/	203415.6
	=	0.23861493

Gearing (Last Year: Sep21)	=	Long-Term Debt & Capital Lease Obligation	/	Average Total Assets from Sep20 to Sep21
	=	51769	/	201903.4
	=	0.2564048

The Walt Disney Co's gearing of this year was 0.23861493. The Walt Disney Co's gearing of last year was 0.2564048. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep22)	=	Total Current Assets	/	Total Current Liabilities
	=	29098	/	29073
	=	1.0008599

Current Ratio (Last Year: Sep21)	=	Total Current Assets	/	Total Current Liabilities
	=	33657	/	31077
	=	1.0830196

The Walt Disney Co's current ratio of this year was 1.0008599. The Walt Disney Co's current ratio of last year was 1.0830196. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

The Walt Disney Co's number of shares in issue this year was 1827. The Walt Disney Co's number of shares in issue last year was 1831. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)	=	Gross Profit	/	Revenue
	=	28321	/	82722
	=	0.34236358

Gross Margin (Last Year: TTM)	=	Gross Profit	/	Revenue
	=	22287	/	67418
	=	0.33057937

The Walt Disney Co's gross margin of this year was 0.34236358. The Walt Disney Co's gross margin of last year was 0.33057937. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)	=	Revenue	/	Total Assets at the Beginning of This Year (Sep21)
	=	82722	/	203609
	=	0.4062787

Asset Turnover (Last Year)	=	Revenue	/	Total Assets at the Beginning of Last Year (Sep20)
	=	67418	/	201549
	=	0.3344993

The Walt Disney Co's asset turnover of this year was 0.4062787. The Walt Disney Co's asset turnover of last year was 0.3344993. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score

Que. 1

Que. 2

Que. 3

Que. 4

Que. 5

Que. 6

Que. 7

Que. 8

Que. 9

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

The Walt Disney Co has an F-score of 8. It is a good or high score, which usually indicates a very healthy situation.

The Walt Disney Co (NYSE:DIS) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.

The Walt Disney Co Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of The Walt Disney Co's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.

The Walt Disney Co (NYSE:DIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » The Walt Disney Co (NYSE:DIS) » Definitions » Piotroski F-Score

Comparable Companies

Traded in Other Exchanges

DIS-RM:Russia DIS:Mexico 0QZO:UK WDP0:Germany WDP:Germany WDP:Germany WDP:Germany WDP:Germany DIS:Chile DIS:Canada DISB34:Brazil DIS:Austria DIS:Argentina

Address

500 South Buena Vista Street, Burbank, CA, USA, 91521

Website

https://www.thewaltdisneycompany.com

Walt Disney owns the rights to some of the most globally recognized characters, from Mickey Mouse to Luke Skywalker. These characters and others are featured in several Disney theme parks around the world. Disney makes live-action and animated films under studios such as Pixar, Marvel, and Lucasfilm and also operates media networks including ESPN and several TV production studios. Disney recently reorganized into four segments with one new segment: direct-to-consumer and international. The new segment includes the two announced OTT offerings, ESPN+ and the Disney SVOD service. The plan also combines two segments, parks and resorts and consumer products, into one. The media networks group contains the U.S. cable channels and ABC. The studio segment holds the movie production assets.

Executives

Gutierrez Horacio E	officer: Sr EVP, General Counsel & Secy	500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Morrell Geoff	officer: SEVP Chf Corp Affairs Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Richardson Paul J	officer: Sr. EVP and Chief HR Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Chang Amy	director	2100 SEAPORT BLVD. C/O INFORMATICA CORPORATION REDWOOD CITY CA 94063
Mcdonald Calvin	director	C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7
Chapek Robert A	officer: Chief Executive Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Catz Safra	director	C/O DELPHI ASSET MGMT CORPORATION 5525 KIETZKE LANE, SUITE 200 RENO NV 89511
Arnold Susan E	director	THE PROCTER & GAMBLE COMPANY 1 PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Lagomasino Maria Elena	director	345 PARK AVENUE 5TH FL NEW YORK NY 10154
Parker Mark G	director	ONE BOWERMAN DR BEAVERTON OR 97005
Barra Mary T	director	300 RENAISSANCE CENTER M/C: 482-C25-A36 DETROIT MI 48265-3000
Froman Michael B. G.	director	2000 PURCHASE STREET PURCHASE NY 10577
Braverman Alan N	officer: Sr EVP, General Counsel & Secy	500 SOUTH BUENA VISTA ST BURBANK CA 91521-1030
Mccarthy Christine M	officer: SEVP-Chief Financial Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521-0964
Parker Mary Jayne	officer: SEVP and Chief HR Officer	500 SOUTH BUENA VISTA STREET BURBANK CA 91521-0966