What Value Investing with Sven Carlin, Ph.D. said in this video:
- InflationneutralThe host says raising prices helps protect against inflation, which he views as positive, while noting sports-related cost inflation as a negative.Source
- OtherneutralThe host sees a streaming boom and describes the sector as having no price war and a positive growth tailwind.Source
- ConsumerneutralThe host emphasizes that families will pay a 40–60% premium over Royal Caribbean or Carnival for Disney IP, showing brand pricing power, while also noting consumer sentiment can turn negative.Source
- Otherneutrallong-termBased on historical capex and depreciation, the host concludes the business earns only a mid-single-digit return on invested capital, making heavy ongoing capital spending a questionable value.Source
- Bonds & RatesneutralThe host flags significant borrowings of 37 billion and says higher interest rates are something to think about as a risk.Source
- ValuationneutralThe host argues Disney's value should be based on the cash the whole business generates rather than sum-of-the-parts, because no buyer has 250 billion to take it out and historical returns on invested capital are low.Source
- Recession RiskneutralThe host says analysts never estimate shocks or recessions, and he sees that as a big question mark because such events usually hit a company like Disney sooner or later.Source
- NFLXneutralThe host views Netflix as having a much better risk/reward than Disney, citing a lighter and more direct business, a higher expected return above 10%, and an opposite exposure to recession risk.Source