Value Disney using the comparables methodology

B E M R 2019 2021 2019 2019 Revenue EBITDA EBIT Net Income 69,570 A 16,113 A 11,953 A 11,054 A Disney 2020 81,766 18,235 15,244 8,684 86,723 19,639 16,964 10,125 20,134 3,120 2,633 1,528 H Netflix 2020 24,532 4,551 3,941 2.495 2021 29,199 6,254 5,507 3.831 2019 108,770 34,292 21,142 13,092 Comcast 2020 114.530 36,590 23,252 14,378 2021 116,249 37,609 23,987 15,225 12,838 A 2,927 A 2,712 A 1.548 A Viacom 2020 13,275 2,945 2,719 1.712 2021 13,631 2,965 2,751 1,799 2.8 2.5 Enterprise value/revenue Enterprise value/EBITDA Enterprise value/EBIT Pricelearnings 4.3 18.8 25.3 22.1 1.2 5.6 3.0 13.5 16.2 24.3 12.4 14.4 7.3 47.0 55.8 89.5 5.6 29.9 34.6 49.6 4.7 22.0 24.9 32.3 2.7 8.7 14.1 15.4 2.4 7.3 11.4 7.9 12.4 14.0 1.4 6.2 6.6 1.3 6.0 6.5 5.9 6.0 5.9 19.7 12.7 5.9 B E M R 2019 2021 2019 2019 Revenue EBITDA EBIT Net Income 69,570 A 16,113 A 11,953 A 11,054 A Disney 2020 81,766 18,235 15,244 8,684 86,723 19,639 16,964 10,125 20,134 3,120 2,633 1,528 H Netflix 2020 24,532 4,551 3,941 2.495 2021 29,199 6,254 5,507 3.831 2019 108,770 34,292 21,142 13,092 Comcast 2020 114.530 36,590 23,252 14,378 2021 116,249 37,609 23,987 15,225 12,838 A 2,927 A 2,712 A 1.548 A Viacom 2020 13,275 2,945 2,719 1.712 2021 13,631 2,965 2,751 1,799 2.8 2.5 Enterprise value/revenue Enterprise value/EBITDA Enterprise value/EBIT Pricelearnings 4.3 18.8 25.3 22.1 1.2 5.6 3.0 13.5 16.2 24.3 12.4 14.4 7.3 47.0 55.8 89.5 5.6 29.9 34.6 49.6 4.7 22.0 24.9 32.3 2.7 8.7 14.1 15.4 2.4 7.3 11.4 7.9 12.4 14.0 1.4 6.2 6.6 1.3 6.0 6.5 5.9 6.0 5.9 19.7 12.7 5.9