How Much Is ESPN Worth? Not Enough to Make Disney Stock a Buy, Analyst Says

marketwatch2023-09-05

Walt Disney is about to give investors a clearer idea of ESPN’s financials. The details could come as something of a disappointment, according to KeyBanc analyst Brandon Nispel. Disney (ticker: DIS) ...

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The details could come as something of a disappointment, according to KeyBanc analyst Brandon Nispel. Disney (ticker: DIS) ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/disney-stock-espn-valuation-streaming-9df856b4?mod=newsviewer_click\">Source Link</a>\n\n</div>\n","source":"mwatch_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How Much Is ESPN Worth? Not Enough to Make Disney Stock a Buy, Analyst Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow Much Is ESPN Worth? Not Enough to Make Disney Stock a Buy, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-05 20:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/articles/disney-stock-espn-valuation-streaming-9df856b4?mod=newsviewer_click><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Walt Disney is about to give investors a clearer idea of ESPN’s financials. The details could come as something of a disappointment, according to KeyBanc analyst Brandon Nispel. Disney (ticker: DIS) ...</p>\n\n<a href=\"https://www.marketwatch.com/articles/disney-stock-espn-valuation-streaming-9df856b4?mod=newsviewer_click\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DIS","symbol_name":"迪士尼","start_time":0,"source_url":"https://www.marketwatch.com/articles/disney-stock-espn-valuation-streaming-9df856b4?mod=newsviewer_click","article_id":"2365059668","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2365059668","pubTimestamp":1693918506,"columns":[],"sourceInfo":{"source_id":"mwatch_stock","name":"Market Watch"},"weMediaInfo":null,"summary":"Disney is hoping sports leagues like the NFL might invest in ESPN. (Photo by Christian Petersen/Getty Images)    Walt          Disney        is about to give investors a clearer idea of ESPN’s financi","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DIS":"迪士尼"},"translate_title":"ESPN值多少钱？分析师称，不足以买入迪士尼股票","themeId":"3e24a06b134544b39ea5a7e60150983f","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DIS":1},"content_text":"Walt Disney is about to give investors a clearer idea of ESPN’s financials. The details could come as something of a disappointment, according to KeyBanc analyst Brandon Nispel. Disney (ticker: DIS) is restructuring under CEO Bob Iger and ESPN will become a stand-alone unit. For the first time its full financials will be broken out from Disney’s wider entertainment business, just as the company looks for external investors to help prepare for the sports broadcaster’s streaming future. KeyBanc’s Nispel did the math and puts ESPN’s value at about $30 billion currently but he compared it to a “melting iceberg”, as he argued the broadcaster is set to struggle with an eventual transition to being primarily a streaming service. The valuation is based on a forecast of ESPN’s annual revenue at around $16 billion with a low-single-digit percentage growth rate. Nispel put ESPN’s operating income margin in the low 20s percentage range, forecasting its annual earnings before interest, taxes, depreciation and amortization at around $3.79 billion currently. The valuation is likely below current consensus estimates, Nispel noted. Analysts at Wedbush recently suggested Apple (AAPL) should look to acquire ESPN with a price tag of around $50 billion in order to supercharge its own streaming service. “We don’t believe it is likely Apple will acquire the business when valuations may be coming down in the future,” KeyBanc’s Nispel wrote. Nispel also said ESPN’s outlook could be further impaired if Disney’s dispute with Charter Communications (CHTR) continues.He kept a Sector Weight rating on Disney stock with no price rating.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":7,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2365059668"}