This morning on the futures market Disney gained over 8% and broke the $300 billion market cap. Their market cap was around $180 billion before the Fox merger. That merger was for less that $50 billion after deducting the Sky sale and the RSN's. So even with the Covid19 disaster Disney has gained over $70 billion. Now as long as the stock closes over $165.99 it will close with a $300.00 market cap.
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Disney' market cap hits 300 billion
- Thread starter seascape
- Start date
jmp85
Well-Known Member
I'm riding my DIS stock to the moon.
Disney Irish
Premium Member
Its over $315B now being up over $20 today at midday. Market liked what they saw from the Investor Day yesterday, its a Streaming World and Disney is about to own it.
I hope the theaters survive and based on yesterday's announcements it appears Disney does too. Disney can continue to dominate the box office and be the number 1 streaming company. Think of it this way, the profits from streaming can be 28 billion, split anyway you want and 7 billion from the box office. Then add in 5 to 6 billion from the parks and finally 11 billion from media. That is 50 to 52 billion and that is reasonable for 2020. Just a 15 PE would give them a market cap of 750 billion.
Disney Irish
Premium Member
Well I wouldn't say that Disney is completely "sold" on theaters coming back in full. What they are doing is to positioning themselves to pivot to an all streaming world if needed. But they will still release to theaters if a market still exists. Remember the comments from Disney is that they will go in whatever direction the market moves.
Magic Crush Drop
Active Member
I just realized that Disney is larger than Netflix (222.32B), AT&T (220.977B), and Comcast(233.021B) just from that investor's call.
Prior to Disney buying Fox and Comcast buying Sky, Comcast's market cap was bigger than Disney's. Comcast purchased Sky for 30 billion and Disney purchased Fox, less their Sky share and the RSN's for less than 50 billion. Based on the market caps today, Disney's purchase was better. I only wish they could have gotten Sky too. As for Netflix it wasn't that long ago their market cap was bigger than either Comcast or Disney, so both companies have done well with their purchases. Netflix should buy one of the remaining studios and their library. That would allow them to reduce their royalty payments to others and increase their profits.
AnotherDayAnotherDollar
Well-Known Member
Speaking of that if Disney can hit their numbers (230 to 260MM for Disney+) plus ESPN+ and Hulu then it stands to reason that the market value for Disney+ alone would be worth something similar to what NFLX would be at that time. Add to that Disney's other businesses that are bound to have a nice rebound post covid normalization, especially parks and cruise, then one should expect DIS as a whole to be worth at least double that.
Right now it's about time for them to do a stock split too IMO.
Right now it's about time for them to do a stock split too IMO.
Slpy3270
Well-Known Member
Can't wait for Intel and Chevron to finally get expelled from the Dow if that happens.
So, this means Apple's going to buy Disney, right?!!
Magic Crush Drop
Active Member
Yes. I was sneaking around the Cupertino HQ when I heard this of TOTALLY REAL acquisition will be completed in 2030. (they choose this year because Disney is busy with all those Avatar sequels and Star Wars spin off spin off series.)So, this means Apple's going to buy Disney, right?!!
