Today the Disney of much more than just cartoons but it is still family tmnt 2012 entertainment whi

I'll take a look at The Walt Disney Company based on my so-called rating criteria. The Walt Disney Company is the world's largest media conglomerate, was founded in 1923 by Walt and Roy Disney as the Disney Brothers Cartoon Studio. As the name suggests, it was the production of animated films that were commercial maturity. In 1986 the company changed to its current name.
Today the Disney of much more than just cartoons but it is still family tmnt 2012 entertainment which is the basic business concept. It divides itself into five segments. Media Networks (TV channels such as Disney Channel, ABC Family, SOAPnet, tmnt 2012 ESPN and AETN). Revenue is generated from subscription fees, sale of programs and shows to third parties and advertising revenues. Advertising revenue accounts for about 40%. Parks and Resorts (theme tmnt 2012 parks and cruise ships). Revenues generated from entrance fees, hotel and selling tmnt 2012 everything from food to souvenirs. Studio Entertainment (Film production and launch). Revenues from the production of films, but also distribution fees. For example, pays DreamWorks for help with the distribution. While DVD sales and through other media such as Pay per view come under this segment. Consumer Products (toys, clothes, etc.). License revenues account for a large share of the pie (it manufactures in other words, no Spiderman figures in their toy factories) as well as the publication of various journals. tmnt 2012 A toy sales chain is also available with the most stores in North America. Interactive (mobile tmnt 2012 and computer games, social networking, etc.). Revenues are both from own production from the licenses. The brands are well known and include characters such as Mickey Mouse, Donald Duck, Cinderella, The Muppets and many, many more. It has also through acquisitions, Pixar (2006), Marvel (2009) and Lucasfilm (2012), constantly expanded its brand portfolio to now include Cars, X-Men, Star Wars mf.l. In terms of results, it is most important TV channels, accounting for about two thirds of rörelsesesultatet. Thereafter, tmnt 2012 theme parks, accounting for about one fifth of the profit. Interactive segment (which is the minimum) is currently at a loss even though the trend seems to suggest that it can achieve zero profit eventually. The best operating tmnt 2012 margins have television channels, followed by consumer products. Sports (ESPN), Disney Channel, and various well-known småfigurer in toy stores, it seems, always get paid well for. While you earn money even at the movies it produces and displays the movies though tmnt 2012 (after a loss Interactive) margins here are the worst, but it is "aftermarket" (TV series, visit the theme park and toys) that are cash cows in the company when it terms of cartoon characters. Large, mid or equivalent in any of the Nordic exchanges alternatively on the NYSE. Disney is listed in New York, NYSE. Owner No major owner of flesh and blood, but the largest items are held by institutional investors such as Vanguard and Others Provides company and it is expected to pay dividends? Yes Disney has paid dividends since 1982 and without interruption. Unlike many other American shares pay out once a year. The dividend will be in December. Disney has split financial year. Around and about the financial crisis years (2008, tmnt 2012 2009, 2010), the dividend was stagnant. This was offset sharply in 2012 when the dividend was increased by 50%. 2012 dividend was 0.60 USD / share. tmnt 2012 There is every indication that it will continue with dividends.
The dividends during the past 5-year tmnt 2012 period tmnt 2012 was 0.41 USD / share in funds. The gain over the same period is 2.34 USD / share ie a payout ratio of approximately 18%. However, so goes most of Disney's free cash flow to dividends but not to repurchase shares. During such 2010-2012 repurchased tmnt 2012 shares tmnt 2012 for four times as much as was given in utdelningar.Den average yield remained at 1.20% over the last 5 years. Significant risk to the Company's tmnt 2012 business is strongly influenced by external factors such as commodity prices, interest rate changes, political decisions, and stock market fluctuations? Margins squeezed slightly in 2009 Incidentally show you a relatively cyclical insensitivity in general. Some segments, however, are perceived more cyclically sensitive than others, but not so much that it gives some great casting. Råvaruprisers fluctuations, interest tmnt 2012 rate changes, political decisions, and stock market fluctuations are assessed neither affect significantly. The Company is considered to cope with the criterion. Is the company dependent on innovative product? tmnt 2012 No. Certainly, such as how a new character and a film is received by the audiences make headlines but on the whole it affects little. Disney has long been strong established tmnt 2012 "brands" that are still profitierar on. A little thanks to its size, it is not dependent on the recurring "succeed" with every new product. Proven ability to turn a profit through high and recession, tmnt 2012 or at least shown the ability to pay dividends during such periods Yes. The last two years have been really tmnt 2012 good with the new record profits and in 2013