Minerva Investment Management Society

Equity Research Report

Walt Disney Company - Equity Research

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Summary

The Equity Research Team is pleased to present its second report of the semester, covering The Walt Disney Company (DIS). As one of the world’s leading media and entertainment companies, Disney operates an integrated ecosystem spanning content creation, streaming, sports media, and global experiences, supported by an unparalleled portfolio of intellectual property.

Our analysis evaluates Disney’s long-term investment case, with particular focus on the profitability of its Direct-to-Consumer segment, ESPN’s transition toward a direct-to-consumer model, and the sustainability of growth within Disney Experiences. To determine a comprehensive valuation, we applied a blended methodology combining a Discounted Cash Flow model with a comparable companies analysis.

Based on our findings, we issued a HOLD recommendation with a target price of $92.68 per share, implying approximately 7% downside. While Disney has significantly improved profitability and cash flow generation, we believe its recovery is largely reflected in the current valuation, with execution risks remaining across its key strategic initiatives.

This report was produced through the excellent work of Filippo Torsa (Lead), Lisa Riva, Savvina Salvaridou, Loyd Hegarty, Alex Cuker, and Giuseppe Marcarelli, with professional guidance and supervision provided by Tho Anh Vu and Anna Proturo.

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Details

Published
5 June 2026
Division
Equity Research
Type
Equity Research Report
Pages
13
Authors
8

Cite this report

Minerva Investment Management Society (2026). Walt Disney Company - Equity Research. Equity Research. https://minervaims.org/archive/walt-disney-company-equity-research-2026

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