Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Walt Disney Company DRC
Physical assets are 22.0% of total assets, a light footprint. Capex is 1.51x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. ROIC is 9.5%, above an 8% cost-of-capital hurdle.
Technology and communication names are often asset-light, with fixed-asset turnover above 5x. This name is at 2.29x.
Physical asset ratio
22.0%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.29x
Revenue per dollar of the physical asset base.
Capex / D&A
1.51x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
ARS 17.89
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
831.62x
Price ARS 14.88K.
Fixed-charge coverage
1.30x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
0.0%
Latest free cash flow divided by current market cap (ARS 204,992.26B).
ROIC
9.5%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.34x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2018 | — | — | 1.48x | — | — | ARS 9.83B | — | 0.50x |
| 2019 | — | — | 1.17x | — | — | ARS 1.73B | — | 0.38x |
| 2020 | 19.8% | 1.81x | 0.75x | ARS 0.36 | 0.71x | ARS 3.60B | — | 0.11x |
| 2021 | 19.8% | 1.83x | 0.70x | ARS 3.87 | 0.71x | ARS 1.99B | 2.9% | 0.10x |
| 2022 | 20.4% | 2.18x | 0.96x | ARS 8.78 | 1.53x | ARS 1.07B | 3.5% | 0.18x |
| 2023 | 18.0% | 2.54x | 0.93x | ARS 12.50 | 1.13x | ARS 4.90B | 4.9% | 0.26x |
| 2024 | 19.9% | 2.47x | 1.08x | ARS 11.86 | 1.03x | ARS 8.56B | 6.5% | 0.32x |
| 2025 | 22.0% | 2.29x | 1.51x | ARS 17.89 | 1.30x | ARS 10.08B | 9.5% | 0.34x |
- Principal due is the current portion of debt.
Latest year inputs (2025)
Net PP&E: ARS 41.26B
Inventory: ARS 2.13B
Total assets: ARS 197.51B
Goodwill: ARS 73.29B
Intangibles: ARS 9.27B
Liabilities: ARS 82.90B
Tangible book: ARS 32.05B
Shares: 1,791,000,000
Revenue: ARS 94.43B
Capex: ARS 8.02B
D&A: ARS 5.33B
EBITDA: ARS 19.14B
Interest: ARS 1.81B
Short-term debt: ARS 6.71B
Free cash flow: ARS 10.08B
Operating income: ARS 13.83B
Invested capital: ARS 146.20B
Tax rate: 0.0%