Use the following information on Disney to answer the case questions.

Disney's current stock price is $140.00 per share. The average growth rate of the company's dividend has been 17.7% from 2004 through 2018.

Disney's return on equity is 28.0% and the company retains approximately 80.0% of its profits while paying out the remaining 20.0% in dividends.

The company's stock currently trades at 21.21 times its current year earnings estimate of $6.60 per share.

Analysts expect the company to earn $6.19 per share in 2020 and $6.93 in 2021. Disney's peers in media networks trade at 25.5 times their current year earnings estimates while peers in parks, experiences and consumer products at 21.9; studio entertainment at 19.1 and DTCI at 14.1.

Assume the expected return for Disney's stock is 6.9%.

What is Disney stock's intrinsic value using each of the four models?

Constant Growth Model

Multi-Stage Growth Model

Discounted Dividend Model

Market Multiples Approach