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DIS

DIS Research brief

The Walt Disney Company

Adjusted close as of 2026-10-30
$110.94(+0.03%)

Sagehood’s view on DIS

The Walt Disney Company · Research 2026-10-30 · Accepted

Research score

56Neutral50 is balancedScore change +1 since 2026-10-29, from 55 to 56; view unchanged at Neutral. Compare the two recordsConfidence 58 · It is not a calibrated probability of investment success.Confidence across the 100 names in this research run: 45 to 70, median 55.
How to read this score

Dated research brief

WhyDIS looks neutral because $8,293 million of free cash flow supports quality while 4.6% revenue growth trails the sector median. The unresolved risk is the 56% gap between the $48.50 base value and the $110.94 close.
What argues against this viewThe strongest case against the neutral view is the in-sector leadership, peer rank 1 of 9 with 126-day RS of +22.4 percentage points. If that relative strength persists, the $48.50 base value understates the business.
Break conditionFrom the financial specialist: A later reading showing trailing-twelve-month revenue growth below the 9.6% sector revenue-growth median would break the steady-growth read.Tests that specialist’s reading, not this page’s whole Neutral view.

Sagehood does not check this condition automatically. See research limitations below.

Valuation range

No model fair value · the discounted cash flow model declined

The valuation model declined to give a fair value for this stock: the model’s cash-flow estimate ($48.50) and the peer-multiple estimate ($208.65) were 4.3 times apart.

Close $110.94 (recorded) on 2026-10-30; estimates use fundamentals to 2026-06-27.

Rejected model output (not a valuation)
Bear
$7.90
Base
$48.50
Bull
$114.90

The model’s own grid cells, kept for reference. The model’s own check rejected them: they are not a valuation and not a price target.

Against peers

Communication Services
MultipleDISGroup medianPercentile
P/E (TTM)22.87×14.53×100th
P/S2.01×5.37×43rd
P/B1.81×3.40×50th
FCF yield4.17%3.04%50th
Score details & research limitations9 unavailable fields
Conditions Sagehood can check on its ownNot available in this run. A written break condition is not an automated check; this run does not provide a source-linked rule Sagehood can verify on its own.

Where the break condition comes from: Sagehood research took this condition from the financial specialist. It tests that specialist’s own reading, so it does not say everything that would change this page’s Neutral view.

How to read this research

The score expresses the published research view. 50 is balanced.

Bullish, Neutral or Bearish beside the score is the direction of that view, set by the research from the score: 65 and above is Bullish, 45 to 64 Neutral, 44 and below Bearish.

Confidence is how well the evidence supports this view, not which way it points: Sagehood research is asked to keep it no higher than its most confident specialist, and lower when the specialists disagree or much of the evidence is weak. It is not a calibrated probability of investment success.

Source verification checks the identity and origin of evidence. It does not prove that a claim is correct or that an investment will succeed.

Valuation estimates depend on their inputs and assumptions. They are not guaranteed future prices.

Retrospective research looks back at an earlier period. It is not a verified record of a decision made then using only information available then.

Unavailable is not zero. Read the adjacent reason: information may be missing, unverified or deliberately withheld.

How Sagehood works

The session this view is fixed to

Close$110.94 on 2026-10-30, as the research recorded it
Change on the day+0.03%
First eligible market session2026-11-02

Recorded score context

Specialist source coverage7 of 10 specialists have a verified source on this run. 3 do not.
Score reconciliationThe 7 specialist contributions shown add up to the weighted starting point this score was built from.
Change since the last accepted run55 on 2026-10-29 → 56 on 2026-10-30 (+1 point). This is simple arithmetic between the two published scores, not an explanation of the change.
The run this is compared withResearch of 2026-10-29

Not in this run: Run-specific score definition, Confidence band, Horizon, Why the score changed, Today's unexplained move and Blockers.

What this was built from

Filing cited in the evidenceNot recorded on this card. The newest filing on record is under Key financials, and recent filings are listed under SEC filings.
Peer set8 names in Communication Services: CMCSA, GOOG, GOOGL, META, NFLX, SKYD, T, VZ. How they were chosen is under “Valuation & peers”. The peer-implied median is under “Valuation & peers”.

Not in this run: Company profile date and Standing disclosure.

Not available in this run

9 fields are unavailable. Each is identified with its reason above; missing information is not zero or a negative research signal.

Price context

· adjusted close $110.94

+14.0% from 2026-06-25

Recent price-basis check: 2026-10-02 to 2026-10-30 (20 sessions). Economic comparability outside this window remains unchecked.

DIS adjusted close
Adjusted price · USD · viewing 2026-06-25 to 2026-10-30

Selected 2026-10-30. DIS adjusted close. Continuous series. $110.94 US dollars.

90 daily adjusted-price observations through 2026-10-30, ending at the 2026-10-30 research date. The final point is a dated final close. Shown for context, not point-in-time research evidence: the research used the prices recorded with it.

Use the arrow keys on the chart to step through observations.

Published score history

2026-07-23 to 2026-10-30 · 37 publications

Each point is a verified published score. The line breaks where the research method changed (4 methods, numbered in the order they were first used), so scores are not joined across methods. Hollow points were published after their decision window (retrospective).

Every published score and confidence
Research dateScoreViewConfidenceMethod
2026-10-3056Neutral58Method 4
2026-10-2955Neutral55Method 4
2026-10-2850Neutral55Method 4
2026-10-2755Neutral55Method 4
2026-10-2655Neutral55Method 4
2026-10-2360Neutral55Method 4
2026-10-2257Neutral60Method 4
2026-10-2157Neutral49Method 4
2026-10-1658Neutral55Method 4
2026-10-0950Neutral58Method 4
2026-10-0752Neutral42Method 4
2026-10-0250Neutral45Method 4
2026-10-0150Neutral50Method 4
2026-09-3048Neutral55Method 4
2026-09-2947Neutral60Method 4
2026-09-2847Neutral65Method 4
2026-09-2548Neutral55Method 4
2026-09-24 · retrospective48Neutral50Method 4
2026-09-2348Neutral55Method 4
2026-09-1850Neutral55Method 4
2026-09-16 · retrospective48Neutral45Method 4
2026-09-09 · retrospective50Neutral62Method 4
2026-09-0447Neutral50Method 4
2026-09-01 · retrospective46Neutral55Method 4
2026-08-31 · retrospective46Neutral70Method 3
2026-08-2846Neutral73Method 3
2026-08-26 · retrospective46Neutral73Method 3
2026-08-24 · retrospective46Neutral73Method 3
2026-08-20 · retrospective46Neutral73Method 3
2026-08-19 · retrospective46Neutral70Method 3
2026-08-1446Neutral70Method 2
2026-08-1345Neutral70Method 1
2026-08-0745Neutral73Method 1
2026-08-0645Neutral70Method 1
2026-08-0443Bearish68Method 1
2026-07-3142Bearish65Method 1
2026-07-2342Bearish57Method 1

Specialists

7 of 10 published specialist analyses are available.

Each specialist’s view is shown as the published research recorded it; supporting detail appears only when it was recorded with that same view.

3 unavailable

DIS research

Financial specialist

Showing Financial specialist result.

Financial specialist

Evaluated for this session

Neutral

Disney pairs $8,293 million of trailing-twelve-month free cash flow and a 0.96 free cash flow conversion with only 4.6% trailing-twelve-month revenue growth, below the 9.6% sector revenue-growth median, so quality is solid but growth is the constraint.

Full analyst note

What the specialist sees

Evidence: trailing-twelve-month revenue was $98,861 million with revenue growth of 4.6% and quarterly revenue growth of −0.5%, 5.2%, 6.5% and 6.8%, while trailing-twelve-month free cash flow was $8,293 million and trailing-twelve-month operating cash flow was $16,989 million.

Why it matters now

Steady single-digit revenue growth and an 18.4% operating margin below the 26.1% sector operating-margin median imply the business is stable but not compounding faster than its peer group.

What could change the view

Countercase: The 10-Q filed on 2026-08-05 is not yet reflected in these facts, so the newest quarter could change the growth and cash read. Falsifier: A later reading showing trailing-twelve-month revenue growth below the 9.6% sector revenue-growth median would break the steady-growth read.

Specialist score details
Specialist score
58
Evidence confidence
60
Base weight for this role
0.13
Base weight × confidence
7.80
Weight in the score (the chip's weight)
0.19
Weighted contribution
10.73
Business driver
Trailing-twelve-month revenue was $98,861 million with revenue growth of 4.6% and quarterly revenue growth of −0.5%, 5.2%, 6.5% and 6.8%, while trailing-twelve-month free cash flow was $8,293 million and trailing-twelve-month operating cash flow was $16,989 million.
Mechanism
Steady single-digit revenue growth and an 18.4% operating margin below the 26.1% sector operating-margin median imply the business is stable but not compounding faster than its peer group.
Countercase
The 10-Q filed on 2026-08-05 is not yet reflected in these facts, so the newest quarter could change the growth and cash read.
Contributions & coverage details

Specialist contributions

Each specialist’s recorded numbers, in the usual specialist order, as recorded: nothing is re-ranked or recalculated. Weights and contributions show two decimals; hover for the exact value.

Financial specialist

Neutral

Score
58
Evidence confidence
60
Weight in the score
0.19
Weighted contribution
10.73

Risk specialist

Neutral

Score
58
Evidence confidence
55
Weight in the score
0.10
Weighted contribution
6.05

Sector specialist

Neutral

Score
55
Evidence confidence
60
Weight in the score
0.14
Weighted contribution
7.83

SEC filings specialist

Neutral

Score
50
Evidence confidence
50
Weight in the score
0.04
Weighted contribution
1.78

News specialist

Neutral

Score
50
Evidence confidence
55
Weight in the score
0.14
Weighted contribution
7.18

Price-trend specialist

Neutral

Score
58
Evidence confidence
60
Weight in the score
0.28
Weighted contribution
16.51

Economy specialist

Neutral

Score
54
Evidence confidence
55
Weight in the score
0.10
Weighted contribution
5.64

Published specialist analyses unavailable: Valuation specialist, Geopolitics specialist, Social-media specialist. No specialist result is inferred.

  • Valuation specialist: The valuation specialist did not vote on this run because the valuation model declined to give a fair value: the model’s cash-flow estimate ($48.50) and the peer-multiple estimate ($208.65) were 4.3 times apart.
  • Geopolitics specialist: This specialist had no checked public source on this run, so no source-backed analysis is shown.
  • Social-media specialist: This specialist had no checked public source on this run, so no source-backed analysis is shown.

How this insight was formed

Each specialist view shown here is checked against the published research files. Sagehood research combined those views into the one Research Score above.

Evidence & method

Inspect the reasoning, source records and valuation behind this dated view.

Sagehood research reasoningSpecialist reasoning, selected statements and filing context
Accepted publication2026-10-30 researchNext eligible session 2026-11-02point-in-time

DIS: Sagehood research reasoning

Accepted research score

56

Neutral50 is balanced
Lead specialist in the research decision:

Financial specialist

Neutral

Specialist score 58Evidence confidence 60
What the specialist sees

Trailing-twelve-month revenue was $98,861 million with revenue growth of 4.6% and quarterly revenue growth of −0.5%, 5.2%, 6.5% and 6.8%, while trailing-twelve-month free cash flow was $8,293 million and trailing-twelve-month operating cash flow was $16,989 million.

Why it matters

Steady single-digit revenue growth and an 18.4% operating margin below the 26.1% sector operating-margin median imply the business is stable but not compounding faster than its peer group.

What argues against it

The 10-Q filed on 2026-08-05 is not yet reflected in these facts, so the newest quarter could change the growth and cash read.

This specialist’s break condition: A later reading showing trailing-twelve-month revenue growth below the 9.6% sector revenue-growth median would break the steady-growth read.

How the score was formed

The specialists’ weighted starting point was 55.72. Sagehood research’s adjustment was +0.28. 55 on 2026-10-29 → 56 on 2026-10-30 (+1 point). This is simple arithmetic between the two published scores, not an explanation of the change.

Evidence Sagehood research weighed

These selected claims are evidence Sagehood research weighed, not a reconstruction of the numeric adjustment.

Claims as this research published them. Sagehood confirms each claim and its support were published together with this research. That is not an independent check, and it does not prove the claim is accurate or predict future performance.

  1. Financial specialist

    Same statement as under “What the specialist sees” above.

  2. Price-trend specialist

    DIS closed at 110.94, up 8.56% over 20 days and 5.98% over 60 days, with a 90-day channel slope of 50.8% per year at fit R² 0.69 and trend-channel position of −0.14 standard deviations; price sits 7.7% over 200-day average and 3.3% over 50-day average.

  3. Sector specialist

    Disney is a strong in-sector leader inside a lagging sector: XLC is below its long-term average with −10.0 percentage points 63-day relative strength vs SPY and only 22.2% of 9 peers above 50-day average. DIS shows +23.0 percentage points 63-day and +22.4 percentage points 126-day in-sector RS at peer rank 1 of 9.

Sagehood research decision

The investment case, main risk and break condition are the ones shown under Sagehood’s view at the top of this page.

Recorded break condition
Break condition as kept in the decision trail

A later reading showing TTM revenue growth below the 9.6% sector revenue-growth median would break the steady-growth read.

Evidence & sourcesClaim-support availability, filing-context links and research method

DIS: This run has no checked links from its claims to their evidence. The specialists’ writing is shown as recorded, and no missing evidence is filled in.

Accepted research

Research dated 2026-10-30.

How this research was made

This research is AI-generated and is not investment advice.

Research date
2026-10-30
Valuation & peersInput limits notedFair-value cells, peer multiples and the inputs behind the range

Valuation: the model declined to give a fair value

Against the 2026-10-30 close of $110.94 (recorded)

Fundamentals reference date: 2026-06-27.

The valuation model declined to give a fair value for this stock: the model’s cash-flow estimate ($48.50) and the peer-multiple estimate ($208.65) were 4.3 times apart.

Rejected model output (not a valuation)

The discounted cash flow grid cells this run nominated, kept for reference. The model’s own check rejected them: they are not a valuation and not a price target.

Bear
$7.90−93% vs close
Base
$48.50−56% vs close
Bull
$114.90+4% vs close

The bear case sits more than 5× from the close: an extreme scenario, shown as the model computed it.

Implied by the median of 3 peer-median multiples: $208.65 (+88.1% vs close)

Peers: the 8 Liquid 100 names in Communication Services that this run priced. Companies outside the Liquid 100 are not in the set.

The names: CMCSA, GOOG, GOOGL, META, NFLX, SKYD, T, VZ.

Multiples against the peer group

Communication Services · 8 companies in the group

  • Price to earnings (trailing twelve months)22.87×

    Peer median 14.53× · middle half 11.46× to 16.27× · 100th percentile of the group

  • Price to sales2.01×

    Peer median 5.37× · middle half 1.26× to 6.88× · 43rd percentile of the group

  • Price to book1.81×

    Peer median 3.40× · middle half 1.15× to 5.23× · 50th percentile of the group

  • Free cash flow yield4.17%

    Peer median 3.04% · middle half 0.89% to 9.95% · 50th percentile of the group

This run declares Enterprise value to EBITDA and computes no value for it, for this company or for its peer group.

Evidence limits: 4 valuation inputs required conservative handling: no full-year gross-profit line was filed; another valuation input required conservative handling; depreciation and amortization were available but not used because this version does not compute an EV/EBITDA multiple.

Includes the currently displayed specialist or comparison, not every specialist. Dates and limitations remain attached.

Sagehood research is for general information. It is not individualized investment advice or a recommendation to buy or sell any security.

The Walt Disney Company (DIS) research | Sagehood