Company Valuation: Netflix, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 2,66,852 1,31,228 2,13,097 3,81,002 3,97,291 2,98,596 - -
Change - -50.82% 62.39% 78.79% 4.28% -24.84% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 3,03,475 2,97,468 2,85,026
Change - -49.49% 58.04% 75.51% 4.05% -24.64% -1.98% -4.18%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 20x 18.8x 15.7x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.67x 8.11x 6.66x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.9x 0.8x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 5.83x 5.24x 4.75x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 5.93x 5.22x 4.54x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 17.8x 14.8x 12.2x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 18.8x 15.5x 12.8x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 23.5x 20.9x 17.1x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.25% 4.79% 5.86%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.581 3.813 4.563
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,209 57,006 62,801
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,042 20,084 23,326
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,128 19,131 22,232
Net income 1 5,116 4,492 5,408 8,712 10,981 15,265 15,852 18,447
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,879 -1,128 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 71.71 71.71 71.71
Nbr of stocks (in thousands) 44,29,522 44,50,205 43,76,797 42,74,581 42,37,323 41,63,940 - -
Announcement Date 20/01/22 19/01/23 23/01/24 21/01/25 20/01/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
15.85x4.32x10.09x1.3% 54TCr
23.2x2.48x12.83x-.--% 14TCr
35.52x4.35x28.68x-.--% 11TCr
11.18x8.29x95.01x0.62% 9.7TCr
29.91x5.67x16x-.--% 9.03TCr
77.71x4.56x22.29x-.--% 8.61TCr
2.76x50.73x1.83x0.19% 7.37TCr
8.77x2.91x45.67x0.7% 3.91TCr
190.08x2.84x82.52x-.--% 2.99TCr
Average 43.89x 9.57x 34.99x 0.31% 13.41TCr
Weighted average by Cap. 26.85x 7.29x 22.65x 0.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield