>
Switch to:

The Walt Disney Co Piotroski F-Score

: 5 (As of Today)
View and export this data going back to 1962. Start your Free Trial

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 5 indicating the company's financial situation is typical for a stable company.

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

NYSE:DIS' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 6   Max: 8
Current: 5

1
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 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.00 4.00 8.00 3.00 4.00

The Walt Disney Co Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.00 4.00 3.00 3.00 5.00

Competitive Comparison

For the Entertainment industry, 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.

   

The Walt Disney Co Piotroski F-Score Distribution

For the Entertainment 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 into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was -710 + 17 + 901 + 918 = $1,126 Mil.
Cash Flow from Operations was 1667 + 84 + 1388 + 1460 = $4,599 Mil.
Revenue was 14707 + 16249 + 15613 + 17022 = $63,591 Mil.
Gross Profit was 3694 + 4474 + 5831 + 5789 = $19,788 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(207649 + 201549 + 201888 + 200250 + 202221) / 5 = $202711.4 Mil.
Total Assets at the begining of this year (Jun20) was $207,649 Mil.
Long-Term Debt & Capital Lease Obligation was $51,110 Mil.
Total Current Assets was $33,966 Mil.
Total Current Liabilities was $27,413 Mil.
Net Income was 1054 + 2107 + 460 + -4721 = $-1,100 Mil.

Revenue was 19118 + 20877 + 18025 + 11779 = $69,799 Mil.
Gross Profit was 7274 + 7843 + 6088 + 3883 = $25,088 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(209475 + 193984 + 200948 + 206294 + 207649) / 5 = $203670 Mil.
Total Assets at the begining of last year (Jun19) was $209,475 Mil.
Long-Term Debt & Capital Lease Obligation was $54,197 Mil.
Total Current Assets was $41,330 Mil.
Total Current Liabilities was $30,917 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 1,126. ==> 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 4,599. ==> 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 (Jun20)
=1126/207649
=0.00542261

ROA (Last Year)=Net Income/Total Assets (Jun19)
=-1100/209475
=-0.00525122

The Walt Disney Co's return on assets of this year was 0.00542261. The Walt Disney Co's return on assets of last year was -0.00525122. ==> 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 1,126. The Walt Disney Co's current Cash Flow from Operations (TTM) was 4,599. ==> 4,599 > 1,126 ==> 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: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=51110/202711.4
=0.25213185

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=54197/203670
=0.26610203

The Walt Disney Co's gearing of this year was 0.25213185. The Walt Disney Co's gearing of last year was 0.26610203. ==> 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: Jun21)=Total Current Assets/Total Current Liabilities
=33966/27413
=1.23904717

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=41330/30917
=1.33680499

The Walt Disney Co's current ratio of this year was 1.23904717. The Walt Disney Co's current ratio of last year was 1.33680499. ==> 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 1830. The Walt Disney Co's number of shares in issue last year was 1809. ==> There is larger number of shares in issue this year. ==> Score 0.

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
=19788/63591
=0.31117611

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=25088/69799
=0.35943208

The Walt Disney Co's gross margin of this year was 0.31117611. The Walt Disney Co's gross margin of last year was 0.35943208. ==> Last year's gross margin is higher ==> Score 0.

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 (Jun20)
=63591/207649
=0.30624275

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=69799/209475
=0.33320921

The Walt Disney Co's asset turnover of this year was 0.30624275. The Walt Disney Co's asset turnover of last year was 0.33320921. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+0+0+0
=5

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

The Walt Disney Co has an F-score of 5 indicating the company's financial situation is typical for a stable company.

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 Business Description

The Walt Disney Co logo
Industry
Address
500 South Buena Vista Street, Burbank, CA, USA, 91521
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
Woodford Brent officer: EVP, Control, Fin Plan & Tax 1441 GARDINER LANE LOUISVILLE KY 40213
Desouza Francis A director 350 ELLIS STREET MOUNTAIN VIEW CA 94043
Rice Derica W director LILLY CORPORATE CENTER INDIANAPOLIS IN 46285
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 PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: PARKER MARK G a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
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
Chapek Robert A officer: Chief Executive Officer 500 SOUTH BUENA VISTA STREET BURBANK CA 91521
Braverman Alan N officer: Sr EVP, General Counsel & Secy 500 SOUTH BUENA VISTA ST BURBANK CA 91521-1030
Iger Robert A director, officer: Chairman and CEO C/O WALT DISNEY CO 500 S BUENA VISTA STREET BURBANK CA 91521-1062
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
Mucha Zenia B. officer: SEVP & Chief Comms Officer 500 SOUTH BUENA VISTA STREET BURBANK CA 91521

The Walt Disney Co Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)