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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
Analizzato: 2026-05-20Prossimo aggiornamento: 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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Prezzo
$201.70
▼ -65.26 (-32.35%)
Valore equo
$136
$85–$188
Valutazione
Vendere
confidence 82/100
Potenziale rialzo
-32.4%
upside to fair value
Margine di Sicurezza
$115.97
MoS level · 15%
Capitalizzazione
$50.6B
P/E fwd 20.7
Fallback in ingleseIT
Mostrando la fonte in inglese mentre traduciamo
Questo report non è ancora stato tradotto. Aggiorna tra qualche minuto una volta che la coda di traduzione avrà recuperato.

§1 Sintesi

  • 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 Scenario ribassista

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.

Come questa tesi può fallire

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
Segnali di allerta precoce da monitorare
MetricaAttualeSoglia di attivazione
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 Storia finanziaria

Conto economico — ultimi sei periodi
VoceT−0T−1T−2T−3T−4CAGR
Periodo2022-03-312023-03-312024-03-312025-03-312026-03-31Trend
Ricavi$6.99B$7.43B$7.56B$7.46B—+1.6%
Utile lordo$5.13B$5.63B$5.85B$5.92B—+3.6%
Reddito operativo$1.13B$1.44B$1.58B$1.58B—+8.7%
Utile netto$789.0M$802.0M$1.27B$1.12B—+9.2%
EPS (diluito)$2.76$2.88$4.68$4.25$3.51+6.2%
EBITDA$1.63B$1.92B$2.05B$2.02B—+5.6%
R&S$2.19B$2.33B$2.42B$2.57B—+4.1%
SG&A$1.63B$1.71B$1.71B$1.71B—+1.1%

Punteggi di qualità

OCF / Utile netto
1.86×
>1 indica alta qualità degli utili
Soglia di qualità contabile
Fail
Soglia corretta per settore
ROIC
15.8%
Rendimento del capitale investito
Sezione 3

Numbers analysis

Flusso di cassa

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.

Allocazione del capitale

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

Abbonati individuali — da §4 in poi11 sezioni in più

Leggi l'analisi completa — 11 sezioni in più.

Competitive moat, industry cycle, peer comparison, intrinsic valuation, sensitivity, scenarios, earnings decision tree, position management, investor perspectives, scorecard, and final recommendation.

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MARGINS FAQ

EA margins questions

  1. EA (EA)'s margin set covers gross margin, operating margin, net margin, and free-cash-flow margin. The five-year trajectory is plotted so the reader can separate cyclical noise from secular trend.

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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