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Disney — 护城河评估

$打开交互终端运行 `audit moat` 并使用自定义选项。→
资本流向回报率指标盈利质量负债纪律护城河评估
MOAT ASSESSMENT

TICKER: [US.DIS - Disney]
PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]


Parameter  Value
----------------
WACC         10%
Tax Rate   21.0%


[~] ROIC Quality: Median 13.5%
    ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 56.1%
    ↳ CoV < 10% = highly stable
[~] Gross Margin Stability: 24.2%
    ↳ CoV < 10% = stable pricing power
[~] Economic Moat (ROIC-WACC): 3.5%
    ↳ > 5% = creating economic value


Metric  Gross Margin       ROIC
-------------------------------
Mean           37.5%      11.8%
Median         38.7%      13.5%
Max            46.1%      20.7%
Min            17.7%       2.3%
StdDev          9.1%       6.6%
CoV            24.2%      56.1%
Slope       0.19%/yr  -1.01%/yr
R²                1%        46%


[DATA]


Period       Revenue  Gross Profit    GM%   ROIC  ROIC-WACC
-----------------------------------------------------------
2010 ANNUAL   38.06B         6.73B  17.7%      -          -
2011 ANNUAL   40.89B         7.78B  19.0%  13.5%       3.5%
2012 ANNUAL   42.28B        18.81B  44.5%  14.9%       4.9%
2013 ANNUAL   45.04B        20.01B  44.4%  14.8%       4.8%
2014 ANNUAL   48.81B        22.39B  45.9%  17.1%       7.1%
2015 ANNUAL   52.47B        24.10B  45.9%  19.2%       9.2%
2016 ANNUAL   55.63B        25.64B  46.1%  20.7%      10.7%
2017 ANNUAL   55.14B        24.83B  45.0%  19.2%       9.2%
2018 ANNUAL   59.43B        26.71B  44.9%  19.2%       9.2%
2019 ANNUAL   69.61B        27.55B  39.6%   9.8%      -0.2%
2020 ANNUAL   65.39B        21.51B  32.9%   2.4%      -7.6%
2021 ANNUAL   67.42B        22.29B  33.1%   2.3%      -7.7%
2022 ANNUAL   82.72B        28.32B  34.2%   4.1%      -5.9%
2023 ANNUAL   88.90B        29.70B  33.4%   5.4%      -4.6%
2024 ANNUAL   91.36B        32.66B  35.8%   6.9%      -3.1%
2025 ANNUAL   94.42B        35.66B  37.8%   7.8%      -2.2%
audit moat
MOAT ASSESSMENT TICKER: [US.DIS - Disney] PERIOD: [2010-ANNUAL ~ 2025-ANNUAL]
Parameter Value
----------------
WACC 10%
Tax Rate 21.0%
[~] ROIC Quality: Median 13.5% ↳ Median > 15% = high returns
[~] ROIC Stability: CoV 56.1% ↳ CoV < 10% = highly stable
[~] Gross Margin Stability: 24.2% ↳ CoV < 10% = stable pricing power
[~] Economic Moat (ROIC-WACC): 3.5% ↳ > 5% = creating economic value
Metric Gross Margin ROIC
-------------------------------
Mean 37.5% 11.8%
Median 38.7% 13.5%
Max 46.1% 20.7%
Min 17.7% 2.3%
StdDev 9.1% 6.6%
CoV 24.2% 56.1%
Slope 0.19%/yr -1.01%/yr
R² 1% 46%
[DATA]
Period Revenue Gross Profit GM% ROIC ROIC-WACC
-----------------------------------------------------------
2010 ANNUAL 38.06B 6.73B 17.7% - -
2011 ANNUAL 40.89B 7.78B 19.0% 13.5% 3.5%
2012 ANNUAL 42.28B 18.81B 44.5% 14.9% 4.9%
2013 ANNUAL 45.04B 20.01B 44.4% 14.8% 4.8%
2014 ANNUAL 48.81B 22.39B 45.9% 17.1% 7.1%
2015 ANNUAL 52.47B 24.10B 45.9% 19.2% 9.2%
2016 ANNUAL 55.63B 25.64B 46.1% 20.7% 10.7%
2017 ANNUAL 55.14B 24.83B 45.0% 19.2% 9.2%
2018 ANNUAL 59.43B 26.71B 44.9% 19.2% 9.2%
2019 ANNUAL 69.61B 27.55B 39.6% 9.8% -0.2%
2020 ANNUAL 65.39B 21.51B 32.9% 2.4% -7.6%
2021 ANNUAL 67.42B 22.29B 33.1% 2.3% -7.7%
2022 ANNUAL 82.72B 28.32B 34.2% 4.1% -5.9%
2023 ANNUAL 88.90B 29.70B 33.4% 5.4% -4.6%
2024 ANNUAL 91.36B 32.66B 35.8% 6.9% -3.1%
2025 ANNUAL 94.42B 35.66B 37.8% 7.8% -2.2%