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 3,33,157 - -
Change - -50.82% 62.39% 78.79% 4.28% -16.14% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 3,38,093 3,33,213 3,19,587
Change - -49.49% 58.04% 75.51% 4.05% -16.04% -1.44% -4.09%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 22.3x 21x 17.5x
PBR 17.3x 6.4x 10.4x 15.8x 15x 10.6x 9.06x 7.61x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 3.25x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.5x 5.84x 5.3x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.6x 5.85x 5.09x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 19.8x 16.6x 13.7x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 21x 17.4x 14.3x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 26.3x 23.5x 19.2x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 3.81% 4.25% 5.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.584 3.816 4.58
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,221 57,006 62,807
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,047 20,067 23,264
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,131 19,149 22,283
Net income 1 5,116 4,492 5,408 8,712 10,981 15,266 15,855 18,468
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 80.01 80.01 80.01
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.($)
15.24x4.06x9.36x1.34% 50TCr
22.32x6.6x19.83x-.--% 33TCr
24.17x2.83x14.43x-.--% 16TCr
35.94x7.12x20.03x-.--% 11TCr
37.77x4.41x29.15x-.--% 11TCr
2.9x77.44x2.16x0.14% 10TCr
87.6x5.29x25.22x-.--% 9.93TCr
10.45x7.95x92.77x0.64% 9.31TCr
8.26x2.66x57.7x0.75% 3.6TCr
Average 27.18x 13.15x 30.07x 0.32% 17.25TCr
Weighted average by Cap. 24.15x 9.84x 20.98x 0.5%

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