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 3,25,454 - -
Change - -50.82% 62.39% 78.79% 4.28% -18.08% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 3,30,389 3,25,510 3,11,883
Change - -49.49% 58.04% 75.51% 4.05% -17.95% -1.48% -4.19%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 21.8x 20.5x 17.1x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10.3x 8.84x 7.26x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.21x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.35x 5.71x 5.18x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.45x 5.71x 4.97x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 19.4x 16.2x 13.4x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 20.5x 17x 14x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 25.7x 23x 18.8x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 3.89% 4.35% 5.33%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.583 3.812 4.564
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,219 57,004 62,809
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,047 20,082 23,263
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,128 19,126 22,222
Net income 1 5,116 4,492 5,408 8,712 10,981 15,261 15,842 18,432
Net Debt 1 9,365 8,295 7,405 5,999 5,400 4,936 56.59 -13,570
Reference price 2 60.24 29.49 48.69 89.13 93.76 78.16 78.16 78.16
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.26x4.07x9.33x1.36% 50TCr
21.81x6.45x19.38x-.--% 33TCr
23.15x2.72x13.83x-.--% 16TCr
34.79x6.9x19.41x-.--% 11TCr
2.98x94.15x2.85x0.13% 11TCr
36.29x4.22x27.9x-.--% 11TCr
84.95x5x23.87x-.--% 9.4TCr
10.34x7.81x91.18x0.65% 9.15TCr
8.41x2.71x58.75x0.75% 3.67TCr
Average 26.44x 14.89x 29.61x 0.32% 16.97TCr
Weighted average by Cap. 23.26x 11.24x 20.45x 0.52%

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