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EA trades against a final fair-value range of $85.13-$188.44, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs. Fair value range: low $85.1, high $188, with mid-point at $136.
Stock analysis

EA fair value $85–$188

By StockMarketAgent.AI team· supervised by
Analizado: 2026-05-20Próxima actualización: 2026-08-20Methodology v2.4Data cut-off: Quality gate: passSources: all material sources passed deterministic freshness/provenance gatesReview: automatedArchetype: Mature compounder
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Precio
$201.70
▼ -65.26 (-32.35%)
Valor razonable
$136
$85–$188
Calificación
Vender
confidence 82/100
Potencial alcista
-32.4%
upside to fair value
Margen de seguridad
$115.97
MoS level · 15%
Capitalización bursátil
$50.6B
P/E fwd 20.7
Respaldo en inglésES
Mostrando la fuente en inglés mientras traducimos
Este informe aún no se ha traducido. Actualice en unos minutos una vez que la cola de traducción se ponga al día.

§1 Resumen ejecutivo

  • Composite fair value $136 with high case $188.
  • Implied downside of 32.4% to fair value.
  • Moat 9/10 · confidence 82/100 · Mature compounder.
  • Currently screens above fair value, so patience matters more than entry speed.
Fair value
$136
Margin of safety
-47.8%
Confidence
82/100
Moat
9/10

Educational analysis only — not financial advice. Always do your own due diligence.

$201.70Price
Low $85.13
Mid $136.44
High $188.44

EA trades against a final fair-value range of $85.13-$188.44, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs.

  • Intangible Assets
    Intangible Assets
  • Network Effects
    Network Effects
  • Cycle upside
    Accelerating digital transition, new console generation penetration, and monetization of live services.

§2 Caso bajista

A combined scenario where EA loses its exclusive NFL license and sweeping global regulations ban Ultimate Team mechanics. This would structurally impair the 1.85x OCFOperating cash flowCash generated from the company's core operations after working-capital changes but before capital expenditures. The first line of the cash-flow statement.-to-Net-Income conversion and compress operating margins well below 20%, driving the valuation toward the $85 downside case.

Cómo puede fallar esta tesis

Regulatory Ban on Ultimate Team

· Medium

Global regulatory actions classify Ultimate Team 'loot boxes' as gambling, heavily restricting or banning the mechanic in key markets.

FV impact
-30%
Trigger
1-3 Years

Loss of NFL Exclusive License

· Low

The NFL decides to move away from an exclusive licensing agreement, allowing competitors to release simulation football titles.

FV impact
-25%
Trigger
3-5 Years

Franchise Fatigue and Player Attrition

· Medium

Core franchises experience severe player attrition due to a lack of innovation and aggressive monetization, leading to a permanent structural decline in live-service revenues.

FV impact
-15%
Trigger
2-4 Years
Señales de alerta temprana a vigilar
MétricaActualUmbral de activación
Consecutive quarters of declining Ultimate Team net bookings.MonitorDeterioration versus the report thesis
Operating margins falling below 22% for two consecutive fiscal quarters.MonitorDeterioration versus the report thesis
OCF to Net Income ratio dropping below 1.3x on a TTM basis.MonitorDeterioration versus the report thesis
Regulatory investigations opened in major gaming markets (EU, US).MonitorDeterioration versus the report thesis
Significant player base decline in EA FC or Madden.MonitorDeterioration versus the report thesis

§3 Historial financiero

Cuenta de resultados — últimos seis períodos
ConceptoT−0T−1T−2T−3T−4CAGR
Período2022-03-312023-03-312024-03-312025-03-312026-03-31Trend
Ingresos$6.99B$7.43B$7.56B$7.46B—+1.6%
Beneficio bruto$5.13B$5.63B$5.85B$5.92B—+3.6%
Beneficio operativo$1.13B$1.44B$1.58B$1.58B—+8.7%
Beneficio neto$789.0M$802.0M$1.27B$1.12B—+9.2%
BPA (diluido)$2.76$2.88$4.68$4.25$3.51+6.2%
EBITDA$1.63B$1.92B$2.05B$2.02B—+5.6%
I+D$2.19B$2.33B$2.42B$2.57B—+4.1%
SG&A$1.63B$1.71B$1.71B$1.71B—+1.1%

Puntuaciones de calidad

OCF / Beneficio neto
1.86×
>1 indica alta calidad de los beneficios
Umbral de calidad contable
Fail
Umbral ajustado por sector
ROIC
15.8%
Rentabilidad del capital invertido
Sección 3

Numbers analysis

Flujo de caja

Cash-flow quality is reflected in the OCFOperating cash flowCash generated from the company's core operations after working-capital changes but before capital expenditures. The first line of the cash-flow statement. / net incomeNet IncomeNet Income is an income-statement line item used to reconcile revenue to operating profit, pre-tax income, net income, or per-share earnings. It should be compared across periods and against peer disclosure conventions., accounting-quality, and ROICROICReturn on invested capital. Operating profit (after tax) divided by invested capital. The single best gauge of capital-efficiency. Spread over WACC = economic value created. rows above.

Asignación de capital

Capital allocation should be evaluated against reinvestment needs, balance-sheet strength, and shareholder returns.

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REVENUE FAQ

EA revenue questions

  1. EA (EA)'s revenue growth is reported year-over-year across the most recent five fiscal years, with the deceleration or acceleration curve called out in the numbers-analysis subsection of the parent financials tab.

FAQ

EA — frequently asked questions

  1. Based on our latest analysis, EA looks meaningfully overvalued. The current price is $202 versus a composite fair-value midpoint of $136 (range $85.1–$188), which implies roughly 32.4% downside to the midpoint.

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Same archetype: mature-compounder