Intrinsic value of Activision Blizzard, Inc (ATVI)

[per Chepakovich valuation model]

other valuations of ATVI

[per Chepakovich valuation model]  See other valuations of ATVI stock

Previous Close$93.35
Intrinsic Value
Upside potential
Previous Close
$93.35

VALUATION INPUT DATA

Revenue, mln $
Initial revenue growth rate (norm.), %
Variable cost ratio, %
Fixed operating expenses, mln $
Production assets / Revenue, %
Working capital / Revenue, %
Interest rate on debt, %
Life of production assets, yrs
Initial discount rate, %
Shares outstanding, mln
Adjusted equity ratio
Adjusted assets / Revenue
Based on fiscal year data as of 2020-12-31 and quarterly data as of 2020-12-31.
NOTE: The bar chart shows historic and forecasted yearly revenue growth rates. Its purpose is to help you in determining what initial revenue rate you want to base your stock valuation on. Please make sure that you are confident in the value you select - for most stocks it is by far the most important parameter in valuation.
  1. Annual
  2. Quarterly YoY
  3. Quarterly QoQ

Annual revenue growth rates, % (past and forecasted)

show cash flow forecast

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year2020(a)2021202220232024202520262027202820292030203120322033203420352036203720382039204020412042204320442045

INCOME STATEMENT

Revenue growth rate, %24.6NaN
Revenue, $8086NaN
Variable operating expenses, $mNaN
Fixed operating expenses, $mNaN
Total operating expenses, $m5352NaN
Operating income, $m2734NaN
EBITDA, $m3180NaN
Interest expense (income), $mNaN
Earnings before tax, $m2616NaN
Tax expense, $m419NaN
Net income, $m2197NaN

BALANCE SHEET

Cash and short-term investments, $m8647NaN
Total assets, $m23109NaN
Adjusted assets (=assets-cash), $m14462NaN
Average production assets, $m10487NaN
Working capital, $m7465NaN
Total debt, $m3605NaN
Total liabilities, $m8072NaN
Total equity, $m15037NaN
Debt-to-equity ratio0.240NaN
Adjusted equity ratio0.442NaN

CASH FLOW

Net income, $m2197NaN
Depreciation, amort., depletion, $m446NaN
Funds from operations, $mNaN
Change in working capital, $mNaN
Cash from operations, $m2252NaN
Maintenance CAPEX, $mNaN
New CAPEX, $mNaN
Total CAPEX, $m-78NaN
Free cash flow, $m2330NaN
Issuance/(repurchase) of shares, $mNaN
Retained Cash Flow, $mNaN
Pot'l extraordinary dividend, $m7465
Cash available for distribution, $mNaN
Discount rate, %NaN
PV of cash for distribution, $mNaN
Current shareholders' claim on cash, %NaN