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Company valuation of the Walt Disney company: a fundamental analysis

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Bibliographic Details
Summary:This individual report presents my contribution to the fundamental valuation of The Walt Disney Company (“DIS”), focusing on the analytical components I developed independently. The work includes the construction of normalized income statements for FY2019 – Q3 FY2025, the financial forecast framework, and the derivation of segment-specific WACCs. I further develop the full segment-level Sum-of-the-Parts (SOTP) discounted cash flow valuation. The results support the view that Disney remains undervalued, with intrinsic value concentrated in the Experiences segment and scenario-weighted outcomes aligning with
Main Authors:Satar, Mert
Subject:Corporate valuation DCF SOTP WACC Financial modelling
Year:2026
Country:Portugal
Document type:master thesis
Access type:open access
Associated institution:Universidade Nova de Lisboa
Language:English
Origin:Repositório Institucional da UNL
Description
Summary:This individual report presents my contribution to the fundamental valuation of The Walt Disney Company (“DIS”), focusing on the analytical components I developed independently. The work includes the construction of normalized income statements for FY2019 – Q3 FY2025, the financial forecast framework, and the derivation of segment-specific WACCs. I further develop the full segment-level Sum-of-the-Parts (SOTP) discounted cash flow valuation. The results support the view that Disney remains undervalued, with intrinsic value concentrated in the Experiences segment and scenario-weighted outcomes aligning with