I noticed that Ethereum and Disney had almost the exact same market cap at the moment, $200b. Made me think it would be interesting to compare these two and see which is generating value for its holders in 2023.
Disney had a rough year in 2022 with $3.1b in earnings but 2023 is looking brighter for them. Estimated earnings for Disney this year is $7.1b with no dividend. A high bar.. how does Ethereum stack up?
Ethereum lets you stake an receive about 4.5% yield while to total supply stays flat. Not everyone receives this yield but if you take advantage of this, it's like a company with a huge dividend. If a $200b company was issuing a 4.5% dividend it would be returning $9b to its shareholders.
Disney $7.1b in 2023
Ethereum $9b in 2023
I know there are a lot of was to look at the value of a company, earnings growth, costs, interest rates... But a quick comparison shows Ethereum is priced similar to a blue chip stock. If anything, it's looking too cheap
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