VGI Partners – Walt Disney: A Highly Attractive Entry Price For A Global Leader


  • Diversified global entertainment group The Walt Disney Company is one of our more recent additions to the portfolio.
  • When we built our stake, Disney was trading at more than a 35% discount to fair value.
  • Using conservative profitability assumptions, we expect the stock to re-rate back to a 4-5% free cashflow yield in FY26.

Disneyland 60th aniversary castle with people walking


The following segment was excerpted from this fund letter.

Walt Disney Co. (NYSE:DIS)

The Walt Disney Company is a diversified media conglomerate operating media networks, theme parks, film and TV studios and direct-to-consumer streaming services. It is the global leader in

Walt Disney (<a href='' title='The Walt Disney Company'>DIS</a>) DTC Operating Profit and FCFF Yield

Source: Company filings, VGI Partners analysis.

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