World Wrestling Entertainment, Inc. (WWE) Company Bio
World Wrestling Entertainment operates WWE Network, a live streaming network that offers pay-per-view events, original programming, and video-on-demand library; and produces television programming, reality shows, and other programming, as well as content via home entertainment platforms, including DVD, Blu-Ray, subscription, and transactional on-demand outlets. The company was founded in 1980 and is based in Stamford, Connecticut.
WWE Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for WWE, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that World Wrestling Entertainment Inc ranked in the 37th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. In terms of the factors that were most noteworthy in this DCF analysis for WWE, they are:
87% of the company's capital comes from equity, which is greater than 72.6% of stocks in our cash flow based forecasting set.
World Wrestling Entertainment Inc's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at 6.04. This coverage rate is greater than that of 63.47% of stocks we're observing for the purpose of forecasting via discounted cash flows.
Relative to other stocks in its sector (Consumer Cyclical), World Wrestling Entertainment Inc has a reliance on debt greater than just 14.12% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Consumer Cyclical that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as WWE, try DNKN, DPZ, BLMN, DVD, and FL.
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World Wrestling Entertainment (WWE) will adjourn its annual meeting for a third time. The company convened and immediately adjourned its annual meeting twice before, setting June 11 as the latest scheduled date. It now plans to convene and adjourn that meeting to July 9 due to ongoing pandemic concerns. The...
World Wrestling Entertainment, Inc. (NYSE: WWE) today announced that for a third time it intends to convene and then immediately adjourn, its scheduled June 11, 2020 Annual Meeting of Stockholders until July 9, 2020 due to ongoing COVID-19 health concerns. Such date was chosen in order to conform with the Delaware General Corporation law relating to adjournments, however, the July 9th meeting may again be adjourned to a later date. To ensure the health and safety of its employees, stockholders, and others who attend the Annual Meeting, the Company will continue to carefully monitor the situation as such date approaches. The record date will remain February 20, 2020. Stockholders should comply with applicable restrictions and not attend the Annual Meeting on June 11. The Company will kee...
Do you enjoy professional wrestling, but are hesitant to spend money to watch it? If so, World Wrestling Entertainment (NYSE: WWE) has devised a service for you. On Monday, the company launched a free version of its WWE Network, its specialty video streaming service.
WWE (WWE) yesterday unveiled the Free Version of WWE Network, the company’s award-winning digital streaming service, unlocking a vast portion of its content library.Founded in 1952 by Jess McMahon, grandfather of current CEO Vince McMahon, WWE has since grown to be the largest wrestling promoter in the world. It consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience.The Free Version of WWE Network will include new shows, original series, recent episodes of WWE's flagship programs, select historic WWE pay-per-view events, and weekly WWE highlights. “The launch of WWE Network’s Free Version is a key component of our company’s digitization strategy and a new way for all fans to be able to experience premium WWE content,” said Jay...