Based on the provided data and recent market activity, let me analyze whether DIS is overvalued:
Technical Analysis
The stock is currently trading at $106.77, showing bearish momentum with RSI at 42.81 indicating neutral-to-bearish sentiment. The stock is trading below its 60-day SMA of $111.93, suggesting near-term weakness.
Valuation Metrics
Disney's current valuation metrics show:
- P/E ratio: 63.01x (FY2023) vs 53.97x (FY2022)
- EV/EBITDA: 13.58x (FY2023) vs 18.58x (FY2022)
- P/S ratio: 1.67x (FY2023) vs 2.08x (FY2022)
- P/B ratio: 1.45x (FY2023) vs 1.77x (FY2022)
Financial Performance
Revenue grew from $82.7B in FY2022 to $88.9B in FY2023, but net income declined from $3.15B to $2.35B. Operating margins have compressed with net margin falling from 4.3% to 3.81%.
Conclusion
Based on improving fundamentals, successful streaming turnaround, and planned investments in experiences segment, Disney appears fairly valued rather than overvalued at current levels. The declining multiples and Bob Iger's turnaround strategy suggest potential upside from current levels.