` Comparison: WBD, DIS - Alpha Spread

WBD
vs
DIS

Over the past 12 months, WBD has significantly outperformed DIS, delivering a return of +130% compared to the DIS's 9% drop.

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WBD
DIS
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Valuation Comparison

WBD Intrinsic Value
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DIS Intrinsic Value
143.89 USD
Undervaluation 27%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Warner Bros Discovery Inc
NASDAQ:WBD
24.54 USD
Walt Disney Co
NYSE:DIS
105.47 USD
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Valuation Scenario:
Bear Case
Base Case
Bull Case

Growth Comparison

Growth Over Time
WBD, DIS

WBD
DIS
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Revenue
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Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Warner Bros Discovery Inc
Revenue
Walt Disney Co
Revenue

All metrics are calculated based on data from the last 10 years.

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Profitability Comparison

Free Cash Flow
WBD, DIS

WBD
DIS
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Free Cash Flow
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Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Warner Bros Discovery Inc
NASDAQ:WBD
Walt Disney Co
NYSE:DIS
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What is Free Cash Flow?

Gross Margin

WBD
44.9%
DIS
37.8%

Operating Margin

WBD
4.6%
DIS
14.7%

Net Margin

WBD
1.3%
DIS
13.1%

FCF Margin

WBD
10.9%
DIS
10.7%

ROE

WBD
1.4%
DIS
11.8%

ROA

WBD
0.5%
DIS
6.3%

ROIC

WBD
0.4%
DIS
9.1%

ROCE

WBD
2%
DIS
8.5%

Solvency Comparison

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Balance Sheet Comparison
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Stocks Performance

Stocks Performance
WBD, DIS

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Performance Gap
WBD, DIS

Performance Gap Between WBD and DIS
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Performance By Year
WBD, DIS

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WBD
DIS
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