Electronic Arts Inc. (EA) – Playing for the long term

Electronic Arts Inc. (EA) (Q1FY24)

Stock performance: Electronic Arts stock price showed a downward trend in the past 3-month period and gave (9%) return. The stock price declined by 1% in the past 1 year. The stock has a 52-week high of $140.30 and a 52-week low of $108.53.

Quarter Performance: In Q1FY24, revenue increased 9% to $1.92bn as compared to $1.76bn in Q1FY23 due to sales related to FIFA 23, Apex Legends, Star Wars Jedi: Survivor, Madden NFL 23, and FIFA Online 4.

Management Guidance for FY24: Net revenue is expected to be $7.3bn to $7.70bn, and EPS is expected to be $3.42 to $3.92.

Highlights

The shift of The Sims 4 to a free-to-play model resulted in impressive growth, attracting 4mn new players and expanding its global reach. EA’s mobile gaming division outperformed expectations with successful releases such as Star Wars: Galaxy of Heroes, The Sims FreePlay, and the new addition, Lord of the Rings: Heroes of Middle – Earth.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 35

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