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 3,17,789 - -
Change - -50.82% 62.39% 78.79% 4.28% -20.01% - -
Enterprise Value (EV) 1 2,76,217 1,39,522 2,20,503 3,87,001 4,02,692 3,19,544 3,13,892 3,07,106
Change - -49.49% 58.04% 75.51% 4.05% -20.65% -1.77% -2.16%
P/E 53.6x 29.6x 40.5x 44.9x 37.1x 21x 19.7x 16.5x
PBR 17.3x 6.4x 10.4x 15.8x 15x 9.45x 7.98x 6.63x
PEG - -2.6x 1.9x 0.7x 1.3x 0.5x 2.95x 0.9x
Capitalization / Revenue 8.99x 4.15x 6.32x 9.77x 8.79x 6.18x 5.54x 5.02x
EV / Revenue 9.3x 4.41x 6.54x 9.92x 8.91x 6.22x 5.47x 4.85x
EV / EBITDA 40.6x 21.3x 28.8x 35.1x 28.7x 18.7x 15.4x 12.9x
EV / EBIT 44.6x 24.8x 31.7x 37.1x 30.2x 19.6x 16.2x 13.5x
EV / FCF -1,738x 86.2x 31.8x 55.9x 42.6x 24.3x 22x 18.1x
FCF Yield -0.06% 1.16% 3.14% 1.79% 2.35% 4.12% 4.55% 5.53%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 1.124 0.995 1.203 1.983 2.53 3.591 3.831 4.573
Distribution rate - - - - - - - -
Net sales 1 29,698 31,616 33,723 39,001 45,183 51,392 57,395 63,307
EBITDA 1 6,806 6,545 7,650 11,019 14,028 17,100 20,427 23,894
EBIT 1 6,195 5,633 6,954 10,418 13,327 16,268 19,426 22,689
Net income 1 5,116 4,492 5,408 8,712 10,981 15,364 16,191 19,025
Net Debt 1 9,365 8,295 7,405 5,999 5,400 1,755 -3,897 -10,683
Reference price 2 60.24 29.49 48.69 89.13 93.76 75.47 75.47 75.47
Nbr of stocks (in thousands) 44,29,522 44,50,205 43,76,797 42,74,581 42,37,323 42,10,799 - -
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.($)
16.08x4.4x10.24x1.28% 55TCr
24.31x2.59x13.37x-.--% 15TCr
4.44x93.96x3.4x0.12% 11TCr
33.23x4.05x26.53x-.--% 9.98TCr
11.17x8.46x96.74x0.63% 9.75TCr
28.1x5.29x14.93x-.--% 8.48TCr
74.11x4.36x21.28x-.--% 8.25TCr
7.77x3.05x46.76x0.67% 4.09TCr
714.27x4.62x218.29x-.--% 2.75TCr
Average 101.50x 14.53x 50.17x 0.3% 13.8TCr
Weighted average by Cap. 36.90x 12.47x 24.98x 0.65%

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