STOCKROUTINES

Activision Blizzard, Inc.

Last Updated
Share Price
$78.81
Market Cap
$61.42B
Dividend Yield
N/A
EPS
$3.44
P/E
22.91

Activision Blizzard, Inc., together with its subsidiaries, develops and publishes interactive entertainment content and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates through three segments: Activision, Blizzard, and King. It develops and distributes content and services on video game consoles, personal computers, and mobile devices, including subscription, full-game, and in-game sales, as well as by licensing software to third-party or related-party companies that distribute Activision and Blizzard products. The company also maintains a proprietary online gaming service, Battle.net that facilitates digital distribution of content, online social connectivity, and the creation of user-generated content. In addition, it operates esports leagues and offer digital advertising content; and provides warehousing, logistics, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company's key product franchises include Call of Duty, World of Warcraft, Diablo, Hearthstone, Overwatch, Overwatch League, and Candy Crush. It serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, and game specialty stores through third-party distribution and licensing arrangements. The company is headquartered in Santa Monica, California.

0%
Income
  • Revenue $8.8B
  • Gross Profit $6.49B
  • Net Income $2.7B
  • Gross Margin 73.68%
  • Net Margin 30.66%
Cash Flow
  • Free Cash Flow (FCF) $2.33B
  • Free Cash Flow To Equity (FCFE) $2.33B
  • Dividends Paid $-365M
  • Debt Repayment $0
  • Net Stock Repurchased $-90M
Balance Sheet
  • Shareholder Equity $17.6B
  • Debt To Equity (D/E) 42.37%
  • Book Value $17.6B
  • Book Value Per Share (BVPS) $0
  • Return On Invested Capital (ROIC) 25.03%
The financial metrics for Activision Blizzard, Inc. presented below are for the financial year 2021.
P/E 19.01 Price To Earnings Ratio
P/S 5.83 Price To Sales Ratio
P/B 2.91 Price To Book Ratio
P/CF 21.25 Price To Operating Cash Flow Ratio
P/FCF 21.98 Price To Free Cash Flow Ratio
P/FCFE 21.98 Price To Levered Free Cash Flow Ratio
P/EBT 16.21 Price To Pre-Tax Income
PEG 0.93 Trailing Price/Earnings To Growth Ratio
EV/Sales 5.05 Enterprise Value To Sales Ratio
EBIT/EV 0.07 EBIT To Enterprise Value Ratio
EV/EBITDA 12.34 Enterprise Value to EBITDA Ratio
D/E 0.42 Debt To Equity Ratio
ROE 16.54% Return On Equity
ROIC 25.03% Return On Invested Capital
DPR 13.52% Dividend Payout Ratio
Current Ratio 5.21 Current Liquidity Ratio
EPS Growth 20.49% Earnings Per Share Growth Rate
Graham Number $42.4 Benjamin Graham's Number
Piotroski Score N/A Piotroski F-Score
Beta N/A Beta Coefficient Value
    2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Revenue $8.8B$8.09B$6.49B$7.5B$7.02B$6.61B$4.66B$4.41B$4.58B$4.86B$4.75B$4.45B$4.28B$3.03B$2.9B$1.51B$1.47B$1.41B$947.66M$864.12M$786.43M$620.18M$572.21M$436.49M$259.93M$86.48M$61.39M$40.67M$26.6M$21.1M
Cost of Revenue $2.32B$2.26B$2.09B$2.52B$2.5B$2.39B$1.58B$1.52B$1.53B$1.66B$1.75B$2.13B$2.31B$1.84B$1.65B$978.07M$940.36M$844.95M$567.15M$565.17M$534.73M$414.61M$410.66M$297.87M$163.12M$29.82M$21.75M$21.29M$14.9M$9.8M
Gross Profit $6.49B$5.83B$4.39B$4.98B$4.52B$4.21B$3.08B$2.88B$3.05B$3.19B$3B$2.32B$1.97B$1.19B$1.25B$534.95M$527.64M$560.91M$380.51M$298.94M$251.7M$205.57M$161.54M$138.62M$96.8M$56.66M$39.64M$19.38M$11.7M$11.3M
Gross Profit Margin 73.68%72.05%67.73%66.44%64.36%63.77%66.02%65.4%66.59%65.77%63.09%52.19%46.09%39.23%43.22%35.36%35.94%39.9%40.15%34.6%32.01%33.15%28.23%31.76%37.24%65.52%64.57%47.64%43.98%53.55%
Operating Expenses $3.15B$3B$2.66B$3B$3.21B$2.8B$1.76B$1.7B$1.68B$1.74B$1.65B$1.53B$1.57B$1.33B$773.09M$461.8M$509.68M$376.34M$270.69M$204.1M$171.13M$165.77M$191.87M$110.77M$85.2M$46.85M$37.11M$22.33M$13.8M$11.4M
Research & Development Expenses (R&D) $1.34B$1.15B$998M$1.1B$1.07B$958M$646M$571M$584M$604M$646M$642M$627M$592M$269.54M$133.07M$131.78M$86.54M$97.86M$56.97M$40.96M$41.4M$26.27M$21.42M$28.39M$18.2M$17.5M$7.27M$4.4M$0
Selling, General & Administrative Expenses (SG&A) $1.81B$1.85B$1.66B$1.89B$2.14B$1.84B$1.11B$1.13B$1.1B$1.14B$1B$884M$939M$735M$503.55M$328.73M$377.9M$289.8M$172.83M$147.13M$130.17M$122.87M$123.98M$87.77M$55.24M$27.39M$18.23M$13.78M$7.7M$9.7M
Other Expenses $0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$1.5M$41.62M$1.58M$1.56M$1.27M$1.37M$1.28M$1.7M$1.7M
Net Income $2.7B$2.2B$1.5B$1.81B$273M$966M$892M$835M$1.01B$1.15B$1.08B$418M$113M$-107M$344.88M$85.79M$41.9M$138.34M$77.72M$66.18M$52.24M$20.51M$-34.09M$15.25M$5.83M$7.11M$5.53M$-1.52M$-2M$-1.4M
Net Profit Margin 30.66%27.17%23.16%24.17%3.89%14.62%19.13%18.94%22.04%23.66%22.82%9.4%2.64%-3.54%11.9%5.67%2.85%9.84%8.2%7.66%6.64%3.31%-5.96%3.49%2.24%8.22%9.01%-3.74%-7.52%-6.64%
Operating Income $3.26B$2.73B$1.61B$1.99B$1.31B$1.41B$1.32B$1.18B$1.37B$1.45B$1.33B$469M$-26M$-233M$479.61M$73.15M$17.96M$184.57M$109.82M$94.85M$80.57M$39.81M$-30.32M$27.25M$10.13M$9.81M$2.53M$-2.96M$-2.1M$-100K
Other Income & Expenses (Net) $-95M$-118M$26M$-111M$-158M$-306M$-198M$-202M$-53M$7M$3M$23M$18M$46M$51.25M$36.68M$30.63M$13.09M$6.17M$8.56M$2.55M$-7.26M$0$-3.03M$-694K$924K$1.71M$1.59M$200K$-100K
Depreciation & Amortization $440M$446M$553M$998M$1.2B$1.15B$494M$346M$315M$328M$435M$517M$628M$561M$243.55M$147.13M$188.7M$145.5M$98.7M$112.3M$68.67M$75.19M$124.58M$33.54M$5.21M$3.33M$2.65M$1.94M$1.7M$1.7M
Interest Income $0$21M$79M$0$0$0$0$4M$5M$6M$14M$8M$15M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Interest Expense $95M$99M$90M$0$0$0$0$208M$58M$1M$4M$5M$4M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Income Tax Expense $465M$419M$130M$64M$878M$140M$229M$146M$309M$309M$246M$74M$-121M$-80M$185.99M$24.04M$6.69M$59.33M$38.28M$37.23M$30.88M$12.04M$-4.65M$8.96M$3.61M$3.62M$-1.29M$155K$100K$100K
Effective Tax Rate 14.7%16.02%7.96%3.41%76.28%12.66%20.43%14.88%23.43%21.19%18.48%15.04%0%0%35.03%21.89%13.76%30.01%33%36%37.15%36.99%0%37.01%38.24%33.77%-30.46%0%0%0%
EBITDA $3.6B$3.16B$2.28B$2.88B$2.35B$2.26B$1.61B$1.53B$1.69B$1.79B$1.77B$1.01B$624M$374M$774.41M$256.96M$237.29M$343.16M$214.69M$215.7M$151.79M$107.74M$85.84M$57.76M$14.65M$14.07M$6.88M$577K$-200K$400K
EBIT $3.16B$2.71B$1.72B$1.88B$1.15B$1.11B$1.12B$1.19B$1.38B$1.46B$1.33B$497M$-4M$-187M$530.87M$109.83M$48.59M$197.66M$115.99M$103.41M$83.12M$32.54M$-38.74M$24.21M$9.44M$10.73M$4.24M$-1.36M$-1.9M$-1.3M
EBT N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Shares Outstanding 771M771M767M762M754M740M728M716M1.02B1.11B1.15B1.22B1.28B946M577.91M562.23M546.35M500.03M473.75M769.87M405.19M298.37M296.28M265.93M221.26M175.42M179.39M167.32M488.47M228.74M
Diluted Shares Outstanding 778M778M771M771M766M754M739M726M1.03B1.12B1.16B1.24B1.31B946M629.46M610.68M598.87M557.71M515.15M829.2M475.62M328.78M296.28M278.78M231.71M1.05B1.01B975.64M488.47M228.74M
EPS $3.5$2.85$1.96$2.38$0.36$1.3$1.21$1.14$0.96$1.01$0.93$0.34$0.09$-0.11$0.59$0.15$0.07$0.28$0.16$0.09$0.13$0.07$-0.12$0.06$0.03$0.04$0.03$-0.01$0$-0.01
Diluted EPS $3.47$2.82$1.95$2.35$0.36$1.28$1.19$1.13$0.95$1.01$0.92$0.33$0.09$-0.11$0.55$0.14$0.07$0.25$0.15$0.08$0.11$0.06$-0.12$0.06$0.03$0.04$0.03$-0.01$0$-0.01
    2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Operating Cash Flow $2.41B$2.25B$1.83B$1.79B$2.21B$2.15B$1.19B$1.29B$1.26B$1.34B$952M$1.38B$1.18B$379M$573.5M$27.16M$86.01M$215.31M$67.4M$90.97M$111.79M$81.56M$77.39M$18.08M$-1.39M$-6.33M$-3.79M$-1.22M$-3.1M$0
Net Income $2.7B$2.2B$1.5B$1.81B$273M$966M$892M$835M$1.01B$1.15B$1.08B$418M$113M$-107M$344.88M$85.79M$41.9M$138.34M$77.72M$66.18M$52.24M$20.51M$-34.09M$15.25M$5.83M$7.11M$5.53M$-1.52M$-2M$-1.4M
Depreciation & Amortization $440M$446M$553M$998M$1.2B$1.15B$494M$346M$315M$328M$435M$517M$628M$561M$243.55M$147.13M$188.7M$145.5M$98.7M$112.3M$68.67M$75.19M$124.58M$33.54M$5.21M$3.33M$2.65M$1.94M$1.7M$1.7M
Deferred Income Tax $7M$-94M$-352M$20M$-181M$-9M$-27M$-44M$161M$-10M$75M$-278M$-256M$-432M$24.55M$-44.09M$-28.68M$878K$15.15M$3.35M$-23.35M$-6.6M$-4.31M$3.34M$-1.56M$3.17M$-1.5M$0$0$0
Stock-Based Compensation $508M$218M$166M$209M$176M$147M$92M$104M$108M$126M$103M$131M$156M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Change In Working Capital $-1.28B$-639M$-122M$-1.3B$661M$-258M$-242M$43M$-335M$-244M$-738M$283M$210M$253M$-93.65M$-162.17M$-142.29M$-122.27M$-136.57M$-114.74M$-35.41M$-20.78M$-14.56M$-34.06M$-10.43M$-19.93M$-10.29M$-1.63M$-2.9M$-600K
Other Non-Cash Items $39M$124M$83M$53M$85M$159M$-17M$8M$5M$-4M$-8M$305M$332M$104M$54.17M$503K$26.38M$52.87M$12.42M$23.88M$49.65M$13.24M$5.77M$0$-439K$0$-176K$-11K$100K$300K
Cash From Investing $-59M$-178M$-22M$-230M$-197M$-1.18B$-3.72B$-84M$308M$-124M$266M$-312M$-443M$1.1B$326.29M$-35.24M$-85.8M$-143.9M$-15.17M$-155.1M$-8.7M$-8.63M$-99.55M$-64.33M$-9.2M$-3.83M$-3.04M$244K$-2.4M$300K
Purchases Of Investments $-248M$-221M$-65M$-209M$-135M$0$-145M$0$-26M$-503M$-417M$-800M$-425M$0$-556.64M$-479.53M$-242.57M$-868.72M$-195.59M$-408.18M$0$0$0$0$0$0$0$0$0$0
Sales / Maturities of Investments $280M$121M$153M$116M$80M$0$145M$21M$402M$454M$750M$580M$46M$0$984.94M$492.77M$201.57M$761.15M$195.87M$287.14M$0$0$0$0$0$0$0$0$0$0
Property, Plant & Equipment Investments $0$0$0$0$0$0$0$0$0$0$0$0$0$-46M$-29.4M$-17.93M$-30.41M$-14.94M$-11.98M$-11.88M$-9.15M$-9.78M$-4.52M$-3.8M$-200K$-3.83M$-3.04M$-1.3M$-900K$-300K
Net Acquisitions $0$0$0$0$0$-4.59B$-46M$0$0$0$-3M$0$0$1.12B$-68.8M$-30.55M$-6.89M$-21.38M$-3.48M$-21.2M$0$0$-20.52M$0$0$0$0$0$0$0
Other Investing Activites $-91M$-78M$-110M$-137M$-142M$3.41B$-3.67B$-105M$-68M$-75M$-64M$-92M$-64M$27M$-3.81M$0$-7.5M$0$0$-995K$449K$1.15M$-74.51M$-60.53M$-9M$0$0$1.54M$-1.5M$600K
Cash From Financing $-521M$711M$-237M$-2.02B$-624M$500M$-135M$-374M$-1.22B$-497M$-808M$-1.05B$-949M$1.49B$105.16M$27.97M$45.09M$72.65M$117.57M$64.09M$50.4M$2.55M$42.03M$7.22M$62.39M$2.39M$-5.04M$190K$42M$300K
Debt Repayment $0$-1.05B$0$-1.74B$-4.25B$-6.1B$-250M$-375M$-6M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Dividend Payments $-365M$-316M$-283M$-259M$-226M$-195M$-170M$-147M$-216M$-204M$-194M$-189M$0$0$0$0$0$0$0$0$0$0$0$0$-1.26M$0$0$0$0$0
Payout Ratio 13.52%14.38%18.83%14.29%82.78%20.19%19.06%17.6%21.39%17.75%17.88%45.22%0%0%0%0%0%0%0%0%0%0%0%0%21.55%0%0%0%0%0%
Net Common Stock Repurchased $-90M$-170M$-105M$-99M$-178M$-106M$-106M$-175M$5.67B$282M$638M$886M$1.03B$-1.63B$-48.01M$-18.96M$-45.09M$-72.65M$-120.39M$-64.81M$-60.81M$-18.62M$-22.48M$-6.07M$-5.34M$-2.21M$5.04M$-191K$-37.2M$0
Common Stock Repurchased $0$0$0$0$0$0$0$0$-5.83B$-315M$-692M$-959M$-1.11B$-128M$0$0$0$0$-72.62M$-203.81M$-74K$-14.97M$0$0$0$0$-5.28M$0$-2.2M$0
Common Stock Issued $-90M$-170M$-105M$-99M$-178M$-106M$-106M$-175M$5.67B$282M$638M$886M$1.03B$-1.63B$-48.01M$-18.96M$-45.09M$-72.65M$-120.39M$-64.81M$-60.81M$-18.62M$-22.48M$-6.07M$-5.34M$-2.21M$5.04M$-191K$-37.2M$0
Other Financing Activites $-246M$1.91B$-59M$-120M$3.67B$6.69B$179M$-27M$4.67B$-11M$24M$22M$79M$-137M$57.15M$9.01M$0$0$-2.82M$-720K$-10.4M$-16.07M$19.55M$1.15M$58.31M$179K$0$-1K$4.8M$300K
Accounts Receivables $71M$-194M$182M$-114M$-165M$84M$-40M$-177M$198M$-46M$13M$76M$235M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Accounts Payables $-7M$-10M$31M$-65M$85M$-50M$-25M$-12M$7M$-54M$31M$70M$-18M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Inventory $0$0$7M$-5M$-26M$32M$-54M$-2M$6M$-62M$-34M$124M$21M$-20M$-55.64M$-26.12M$-13.46M$-21.59M$-6.85M$1.16M$23.15M$-5.28M$-7.34M$-11.51M$-6.64M$-1.54M$-1M$551K$-1.6M$600K
Other Working Capital $-537M$216M$-154M$-122M$220M$-35M$-27M$475M$-275M$153M$-569M$310M$3.17B$382M$-180.58M$-158.84M$-195.97M$675.8M$422.5M$333.2M$182.98M$160.15M$141.31M$120.54M$52.94M$40.23M$40.65M$41.2M$5.2M$5.2M
Capital Expenditure (CAPEX) $-80M$-78M$-116M$-131M$-155M$-136M$-111M$-107M$-74M$-73M$-72M$-97M$-69M$-46M$-29.4M$-17.93M$-30.41M$-14.94M$-11.98M$-11.88M$-9.15M$-9.78M$-4.52M$-3.8M$-200K$-3.83M$-3.04M$-1.3M$-900K$-300K
Effect Of Foreign Exchange On Cash $-48M$69M$-3M$-31M$76M$-56M$-366M$-396M$102M$70M$-57M$33M$19M$-72M$6.89M$10.19M$-4.58M$4.42M$11.2M$6.58M$-36K$84K$-2.92M$-2.36M$250K$122K$-195K$48K$-300K$100K
Net Change In Cash $1.79B$2.85B$1.57B$-491M$1.47B$1.42B$-3.02B$438M$451M$794M$353M$44M$-190M$2.9B$1.01B$30.08M$40.72M$148.49M$181M$6.55M$153.46M$75.56M$16.95M$-41.39M$52.02M$-7.65M$-12.07M$-738K$42M$300K
Free Cash Flow (FCF) $2.33B$2.17B$1.72B$1.66B$2.06B$2.02B$1.08B$1.19B$1.19B$1.27B$880M$1.28B$1.11B$333M$544.1M$9.23M$55.6M$200.37M$55.43M$79.1M$102.64M$71.78M$72.87M$14.28M$-1.59M$-10.16M$-6.83M$-2.52M$-4M$-300K
Free Cash Flow To Equity (FCFE) $2.33B$1.12B$1.72B$-81M$-2.19B$-4.08B$831M$810M$1.18B$1.27B$880M$1.28B$1.11B$333M$544.1M$9.23M$55.6M$200.37M$55.43M$79.1M$102.64M$71.78M$72.87M$14.28M$-1.59M$-10.16M$-6.83M$-2.52M$-4M$-300K
    2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993
Total Assets $25.06B$23.11B$19.84B$17.84B$18.67B$17.45B$15.25B$14.75B$14.01B$14.2B$13.28B$13.41B$13.74B$14.7B$2.53B$1.79B$1.42B$1.31B$968.82M$704.82M$556.89M$359.96M$309.74M$283.61M$217.41M$95.67M$77.61M$68.88M$68.7M$34.6M
Total Current Assets $12.56B$10.56B$7.29B$6.11B$6.52B$4.83B$3.39B$6.91B$6.24B$6.27B$5.38B$5.38B$5.33B$5.5B$1.98B$1.4B$1.12B$1.12B$811.88M$526.9M$456.87M$298.23M$264.1M$236.3M$176.33M$67.8M$54.51M$46.32M$45.4M$10.4M
Cash & Short-Term Investments $10.42B$8.65B$5.79B$4.22B$4.71B$3.25B$1.83B$4.86B$4.43B$4.38B$3.52B$3.51B$3.25B$3B$1.45B$954.85M$944.96M$840.86M$587.65M$406.95M$279.01M$125.55M$49.98M$32.85M$73.38M$17.64M$25.29M$37.34M$38.1M$1.9M
Cash & Cash Equivalents $10.42B$8.65B$5.79B$4.22B$4.71B$3.25B$1.82B$4.85B$4.41B$3.96B$3.17B$2.81B$2.77B$2.96B$1.4B$384.41M$354.33M$313.61M$466.55M$285.55M$279.01M$125.55M$49.98M$32.85M$73.38M$17.64M$25.29M$37.34M$38.1M$1.9M
Short-Term Investments $0$0$0$0$0$0$8M$10M$21M$416M$360M$696M$477M$44M$52.96M$570.44M$590.63M$527.26M$121.1M$121.4M$0$0$0$0$0$0$0$0$0$0
Net Receivables $972M$1.05B$848M$1.03B$918M$732M$679M$659M$515M$707M$649M$640M$739M$1.21B$203.42M$148.69M$28.78M$109.14M$62.58M$15.82M$76.73M$73.8M$108.11M$117.52M$69.81M$36.37M$19.91M$5.57M$1.9M$6.8M
Inventory $0$0$32M$43M$46M$49M$128M$123M$171M$209M$144M$140M$241M$262M$146.87M$91.23M$61.48M$48.02M$26.43M$19.58M$20.74M$43.89M$40.45M$30.93M$14.92M$4.52M$2.98M$1.97M$2.5M$900K
Other Current Assets $1.16B$866M$618M$803M$843M$804M$749M$1.27B$1.12B$983M$1.06B$1.1B$1.1B$1.02B$179.89M$206.46M$80.83M$124.44M$135.22M$84.55M$80.4M$54.99M$65.55M$55M$18.22M$9.27M$6.33M$1.44M$2.9M$800K
Total Non-Current Assets $12.5B$12.54B$12.55B$11.73B$12.15B$12.62B$11.86B$7.84B$7.77B$7.93B$7.9B$8.02B$8.41B$9.21B$551.28M$392.71M$303.47M$184.5M$156.94M$177.91M$100.01M$61.73M$45.64M$47.31M$41.08M$27.87M$23.11M$22.57M$23.3M$24.2M
Property, Plant & Equipment (PP&E) $169M$209M$253M$282M$294M$258M$189M$157M$138M$141M$163M$169M$138M$149M$54.53M$46.54M$45.37M$30.49M$25.54M$22.27M$17.83M$15.24M$10.81M$10.84M$10.63M$5.09M$3.33M$1.64M$1M$600K
Goodwill & Intangible Assets $10.46B$10.38B$10.35B$10.56B$10.96B$11.68B$7.66B$7.59B$7.59B$7.77B$7.71B$7.78B$8.24B$8.94B$357.65M$291.01M$202.88M$105.81M$92.87M$104.96M$46.89M$10.32M$12.35M$21.65M$23.47M$18.31M$19.58M$20.86M$22M$23.2M
Goodwill $9.8B$9.77B$9.76B$9.76B$9.76B$9.77B$7.09B$7.09B$7.09B$7.11B$7.11B$7.13B$7.15B$7.23B$279.16M$195.37M$100.45M$0$0$0$35.99M$0$0$21.65M$23.47M$18.31M$19.58M$0$0$0
Intangible Assets $658M$611M$585M$800M$1.19B$1.91B$562M$500M$497M$660M$595M$648M$1.09B$1.72B$78.49M$95.63M$102.43M$105.81M$92.87M$104.96M$10.9M$10.32M$12.35M$0$0$0$0$20.86M$22M$23.2M
Long-Term Investments $0$0$0$0$0$0$9M$9M$9M$8M$16M$23M$23M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Other Non-Current Assets $497M$641M$658M$482M$440M$401M$3.73B$85M$35M$11M$12M$49M$9M$113M$106.27M$6.38M$1.41M$20.15M$29.47M$40.36M$6.5M$22.41M$22.48M$12.21M$2.31M$255K$200K$60K$300K$400K
Other Assets $0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Total Liabilities $7.46B$8.07B$7.04B$6.48B$9.21B$8.33B$7.18B$7.51B$7.39B$2.88B$2.79B$3.2B$2.99B$3.17B$582.78M$382.42M$193.94M$207.05M$136.08M$107.08M$126.8M$178.65M$177.73M$156.14M$117.11M$14.86M$14.61M$6.18M$4.7M$5.6M
Total Current Liabilities $2.41B$3.1B$2.92B$2.64B$3.66B$2.66B$2.61B$2.71B$2.4B$2.65B$2.56B$2.91B$2.51B$2.32B$556.07M$341.17M$192.16M$207.05M$136.08M$104.41M$123.67M$115.25M$103.95M$94.99M$55.79M$14.86M$14.28M$5.67M$4.2M$5.2M
Accounts Payables $285M$295M$292M$253M$323M$222M$284M$325M$355M$343M$390M$363M$302M$555M$129.9M$136.52M$88.99M$108.98M$72.87M$45.6M$64.41M$60.98M$38.28M$43.85M$40.15M$7.05M$4.59M$2.52M$1.9M$2.5M
Short-Term Debt $0$0$0$0$0$0$0$0$25M$0$0$0$0$0$0$0$0$0$0$147K$168K$10.23M$16.26M$5.99M$781K$0$0$0$0$300K
Deferred Revenue $1.12B$1.69B$1.38B$1.49B$1.93B$1.63B$1.7B$1.8B$1.39B$1.66B$1.47B$1.73B$1.43B$923M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Other Current Liabilities $1.01B$1.12B$1.25B$896M$1.41B$806M$625M$592M$636M$652M$694M$818M$779M$842M$426.18M$204.65M$103.17M$98.07M$63.2M$58.66M$59.1M$44.04M$49.4M$45.14M$14.86M$7.81M$9.69M$3.15M$2.3M$2.4M
Total Non-Current Liabilities $5.05B$4.97B$4.13B$3.84B$5.54B$5.68B$4.57B$4.8B$4.99B$231M$229M$296M$479M$854M$26.71M$41.25M$1.78M$0$0$2.67M$3.12M$63.4M$73.78M$61.15M$61.32M$0$334K$510K$500K$400K
Long-Term Debt $3.61B$3.6B$2.67B$2.67B$4.39B$4.89B$4.08B$4.32B$4.67B$0$0$0$0$0$0$0$0$0$0$2.67M$3.12M$63.4M$73.78M$61.14M$61.23M$0$0$0$0$0
Other Non-Current Liabilities $932M$949M$945M$1.15B$1.13B$746M$483M$361M$297M$206M$174M$184M$209M$239M$26.71M$41.25M$1.78M$0$0$0$0$0$2K$7K$88K$0$334K$510K$500K$400K
Total Debt $3.61B$3.6B$2.67B$2.67B$4.39B$4.89B$4.08B$4.32B$4.69B$0$0$0$0$0$0$0$0$0$0$2.82M$3.29M$73.63M$90.04M$67.14M$62.02M$0$0$0$0$300K
Total Shareholder Equity $17.6B$15.04B$12.8B$11.36B$9.46B$9.12B$8.07B$7.23B$6.62B$11.32B$10.49B$10.2B$10.76B$11.53B$1.95B$1.41B$1.23B$1.1B$832.74M$597.74M$430.09M$181.31M$132.01M$127.47M$100.29M$80.81M$63M$62.7M$64M$29M
Common Stock $0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Retained Earnings $12.03B$9.69B$7.81B$6.56B$4.92B$4.87B$4.1B$3.37B$2.69B$1.89B$948M$57M$-361M$-474M$772.66M$427.78M$388.51M$346.61M$208.28M$130.56M$64.38M$12.15M$-8.36M$26.01M$13.68M$7.82M$708K$-4.82M$-3.3M$-1.3M
Accumulated Other Comprehensive Income Loss (AOCL) $-578M$-622M$-619M$-601M$-638M$-629M$-633M$-303M$68M$-26M$-72M$-13M$-24M$-43M$26.35M$20.2M$13.34M$11.62M$9.96M$-3.43M$-24.86M$-19.79M$-19.88M$-11.47M$-4.73M$-4.73M$-2.68M$-1.34M$-700K$-300K
Other Shareholder Equity $5.42B$0$5.61B$5.4B$5.18B$4.88B$4.61B$4.16B$3.87B$9.45B$9.62B$10.16B$11.14B$0$0$0$821.07M$741.3M$657.16M$496.48M$390.57M$188.95M$160.25M$112.93M$91.35M$77.73M$64.97M$68.87M$68M$30.6M
Total Investments $0$0$0$0$0$0$17M$19M$30M$424M$376M$719M$500M$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0
Net Debt $-6.82B$-5.04B$-3.12B$-1.55B$-323M$1.64B$2.26B$-524M$283M$-3.96B$-3.17B$-2.81B$-2.77B$-2.96B$-1.4B$-384.41M$-354.33M$-313.61M$-466.55M$-282.74M$-275.72M$-51.92M$40.05M$34.29M$-11.36M$-17.64M$-25.29M$-37.34M$-38.1M$-1.6M
Book Value $17.6B$15.04B$12.8B$11.36B$9.46B$9.12B$8.07B$7.23B$6.62B$11.32B$10.49B$10.2B$10.76B$11.53B$1.95B$1.41B$1.23B$1.1B$832.74M$597.74M$430.09M$181.31M$132.01M$127.47M$100.29M$80.81M$63M$62.7M$64M$29M

Discounted Cash Flow

Use the Discounted Cash Flow (DCF) tool to estimate the intrinsic value of Activision Blizzard, Inc. stock.

Assumptions
Forecast Period
Required Return
  Low Mid High
Revenue Growth
FCFE Margin
Perpetual Growth
Terminal P/FCFE
Assumptions

The number of assumptions to make for each forecast.

Forecast Period

The number of years to forecast future cash flows. These future cash flows are used to determine the intrinsic present value for the stock.

It is generally recommended to select a longer period for more established companies with stable financial histories.

Forecast Period

The compounding annual rate of return required, according to your investment objectives. This is used to discount back future cash flows.

Revenue Growth

Estimate the annual compounding revenue growth rate. You can use the historical compounding annual growth rates provided below as a guide.

  • 1 Year 8.47%
  • 3 Years 7%
  • 5 Years 4.9%
  • 10 Years 6.93%
Levered Free Cash Flow Margin

Estimate levered free cash flow (FCFE) as a percentage of revenue. You can use the historical margins provided below as a guide.

  • 1 Year 26.51%
  • 3 Years 22.28%
  • 5 Years 6.9%
  • 10 Years 6.09%
Perpetual Growth Rate

Estimate the compounding annual growth rate at which revenues will grow in perpetuity after the forecast period. This is the first method used to calculate the terminal value.

Values of between 2% and 5% are generally recommended.

Price To Levered Free Cash Flow

Estimate the price to levered free cash flow (P/FCFE) for the stock after the forecast period. This is the second method used to calculate the terminal value.

This method for calculating the terminal value can be preferred for shorter forecast periods. You can use the historical rations provided below as a guide.

  • 1 Year 21.98
  • 3 Years 37.41
  • 5 Years -69.59
  • 10 Years -27.82
Chief Executive Officer (CEO) Mr. Robert Kotick
Full-Time Employees 9.8K
Industry Electronic Gaming & Multimedia
Sector Communication Services
Country US
Website https://www.activisionblizzard.com

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